GRES D'YVOIR
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 08-06-2026 PDF all 49 filings
Turnover
€25,899▼ 64.6%
2024 · €73,085
EBIT margin
50.1%▲ 28.2pp
2024 · 21.9%
Net result
€9,510▲ 8.3%
2024 · €8,782
Working capital
€164,730▲ 6.1%
2024 · €155,220
In the rankings
#1 oldest company in Crisnée
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€25,899
▼ 64.6%
2025
20182025
Operating result
€12,963
▼ 19.0%
2025
20182025
Net result
€9,510
▲ 8.3%
2025
middle half of the sector
20182025
EBIT margin
50.1%
▲ 28.2pp
2025
20182025
Equity
€236,535
▲ 4.2%
2025
middle half of the sector
20182025
Total assets
€249,618
▲ 3.1%
2025
lowest quarter of the sector
20182025
Debt
€3,084
▼ 38.1%
2025
20182025
Working capital
€164,730
▲ 6.1%
2025
middle half of the sector
20182025
Solvency
94.8%
▲ 0.9pp
2025
highest quarter of the sector
20182025
Current ratio
54.42
▲ 22.27
2025
highest quarter of the sector
20182025
Return on assets (ROA)
3.8%
▲ 0.2pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€53,044-€53,044=€53,044=€53,044=€53,044=€72,108▲ 35.9%€73,085▲ 1.4%€25,899▼ 64.6%
Operating result€4,181-€5,987▲ 43.2%€4,876▼ 18.6%€4,293▼ 12.0%€2,262▼ 47.3%€5,340▲ 136%€16,000▲ 200%€12,963▼ 19.0%
Net result€2,540-€3,869▲ 52.3%€3,161within the sector's middle half▼ 18.3%€2,577within the sector's middle half▼ 18.5%€745within the sector's middle half▼ 71.1%€3,371within the sector's middle half▲ 352%€8,782within the sector's middle half▲ 160%€9,510within the sector's middle half▲ 8.3%
EBIT margin7.9%-11.3%▲ 3.4pp9.2%▼ 2.1pp8.1%▼ 1.1pp4.3%▼ 3.8pp7.4%▲ 3.1pp21.9%▲ 14.5pp50.1%▲ 28.2pp
Equity€204,520-€208,389▲ 1.9%€211,550within the sector's middle half▲ 1.5%€214,126within the sector's middle half▲ 1.2%€214,872within the sector's middle half▲ 0.3%€218,243within the sector's middle half▲ 1.6%€227,025within the sector's middle half▲ 4.0%€236,535within the sector's middle half▲ 4.2%
Total assets€209,376-€209,115▼ 0.1%€212,245below the sector's middle half▲ 1.5%€214,865below the sector's middle half▲ 1.2%€215,688below the sector's middle half▲ 0.4%€229,268below the sector's middle half▲ 6.3%€242,007below the sector's middle half▲ 5.6%€249,618below the sector's middle half▲ 3.1%
Debt€4,856-€726▼ 85.0%€696▼ 4.2%€738▲ 6.1%€817▲ 10.7%€1,025▲ 25.5%€4,983▲ 386%€3,084▼ 38.1%
Working capital€122,715-€126,584▲ 3.2%€129,745within the sector's middle half▲ 2.5%€132,322within the sector's middle half▲ 2.0%€133,067within the sector's middle half▲ 0.6%€146,438within the sector's middle half▲ 10.0%€155,220within the sector's middle half▲ 6.0%€164,730within the sector's middle half▲ 6.1%
Solvency97.7%-99.7%▲ 2.0pp99.7%above the sector's middle half=99.7%above the sector's middle half=99.6%above the sector's middle half=95.2%above the sector's middle half▼ 4.4pp93.8%above the sector's middle half▼ 1.4pp94.8%above the sector's middle half▲ 0.9pp
Current ratio26.27-32.15above the sector's middle half54.42above the sector's middle half▲ 22.27
Return on assets (ROA)1.2%-1.9%▲ 0.6pp1.5%within the sector's middle half▼ 0.4pp1.2%within the sector's middle half▼ 0.3pp0.3%within the sector's middle half▼ 0.9pp1.5%within the sector's middle half▲ 1.1pp3.6%within the sector's middle half▲ 2.2pp3.8%within the sector's middle half▲ 0.2pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 19% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €249,618
Fixed assets
€81,805 =
Current assets
€167,813 ▲ 4.8%
Equity and liabilities €249,618
Equity
€236,535 ▲ 4.2%
Provisions
€10,000 =
Debt
€3,084 ▼ 38.1%
Debt's share of the balance-sheet total falls from 2.1% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.01▼
2024 · 0.02
ROE
4.0%▲
2024 · 3.9%
Debt ≤ 1 year
€3,084▼
2024 · €4,983
Income taxes
€2,825▼
2024 · €6,565
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €2,450 | €2,695 | €2,830 | €2,930 | €3,018 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €53,044 | €53,044 | €72,108 | €73,085 | €25,899 | ▼ 64.6% |
| Turnover70 | €53,044 | €53,044 | €53,044 | €53,044 | €53,044 | €72,108 | €73,085 | €25,899 | ▼ 64.6% |
| Operating charges60/66A | - | - | - | €48,751 | €50,782 | €66,768 | €57,085 | €12,936 | ▼ 77.3% |
| Services and other goods61 | - | - | - | €48,360 | €50,390 | €56,334 | €56,647 | €12,483 | ▼ 78.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | €10,000 | - | - | - |
| Other operating charges640/8 | - | - | - | €391 | €392 | €434 | €439 | €453 | ▲ 3.2% |
| Operating profit (loss)9901 | €4,181 | €5,987 | €4,876 | €4,293 | €2,262 | €5,340 | €16,000 | €12,963 | ▼ 19.0% |
| Financial charges65/66B | - | - | - | €857 | €1,268 | €803 | €653 | €628 | ▼ 3.9% |
| Recurring financial charges65 | €468 | €464 | €662 | €857 | €1,268 | €803 | €653 | €628 | ▼ 3.9% |
| Debt charges650 | - | - | - | - | - | €168 | €0 | - | - |
| Other financial charges652/9 | - | - | - | €857 | €1,268 | €635 | €653 | €628 | ▼ 3.8% |
| Profit (loss) for the period before taxes9903 | €3,713 | €5,523 | €4,215 | €3,436 | €994 | €4,537 | €15,347 | €12,335 | ▼ 19.6% |
| Income taxes67/77 | €1,172 | €1,654 | €1,054 | €859 | €248 | €1,166 | €6,565 | €2,825 | ▼ 57.0% |
| Taxes670/3 | - | - | - | €859 | €248 | €1,166 | €6,565 | €3,084 | ▼ 53.0% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | - | - | €259 | - |
| Profit (loss) for the period9904 | €2,540 | €3,869 | €3,161 | €2,577 | €745 | €3,371 | €8,782 | €9,510 | ▲ 8.3% |
| Profit (loss) for the period to be appropriated9905 | €2,540 | €3,869 | €3,161 | €2,577 | €745 | €3,371 | €8,782 | €9,510 | ▲ 8.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €209,376 | €209,115 | €212,245 | €214,865 | €215,688 | €229,268 | €242,007 | €249,618 | ▲ 3.1% |
| Fixed assets21/28 | €81,805 | €81,805 | €81,805 | €81,805 | €81,805 | €81,805 | €81,805 | €81,805 | = |
| Tangible fixed assets22/27 | €81,805 | €81,805 | €81,805 | €81,805 | €81,805 | €81,805 | €81,805 | €81,805 | = |
| Land and buildings22 | - | - | - | €81,805 | €81,805 | €81,805 | €81,805 | €81,805 | = |
| Current assets29/58 | €127,571 | €127,310 | €130,440 | €133,060 | €133,883 | €147,463 | €160,202 | €167,813 | ▲ 4.8% |
| Amounts receivable within one year40/41 | - | €346 | €1,292 | €2,087 | €1,893 | €752 | €317 | - | - |
| Other amounts receivable41 | - | - | - | €2,087 | €1,893 | €752 | €317 | - | - |
| Cash at bank and in hand54/58 | €114,310 | €113,703 | €115,887 | €117,711 | €118,730 | €128,684 | €141,614 | €167,813 | ▲ 18.5% |
| Deferred charges and accrued income490/1 | - | - | - | €13,261 | €13,261 | €18,027 | €18,271 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €209,376 | €209,115 | €212,245 | €214,865 | €215,688 | €229,268 | €242,007 | €249,618 | ▲ 3.1% |
| Equity10/15 | €204,520 | €208,389 | €211,550 | €214,126 | €214,872 | €218,243 | €227,025 | €236,535 | ▲ 4.2% |
| Contributions10/11 | €174,528 | €174,528 | €174,528 | €174,528 | €174,528 | €174,528 | €174,528 | €174,528 | = |
| Capital10 | - | - | - | €174,528 | €174,528 | €174,528 | €174,528 | €174,528 | = |
| Issued capital100 | - | - | - | €174,528 | €174,528 | €174,528 | €174,528 | €174,528 | = |
| Reserves13 | €17,949 | €17,949 | €17,949 | €17,949 | €17,949 | €17,949 | €17,949 | €17,949 | = |
| Non-distributable reserves130/1 | - | - | - | €17,453 | €17,453 | €17,453 | €17,453 | €17,453 | = |
| Legal reserve130 | - | - | - | €17,453 | €17,453 | €17,453 | €17,453 | €17,453 | = |
| Tax-exempt reserves132 | - | - | - | €496 | €496 | €496 | €496 | €496 | = |
| Profit (loss) carried forward14 | €12,043 | €15,912 | €19,073 | €21,650 | €22,395 | €25,766 | €34,548 | €44,058 | ▲ 27.5% |
| Provisions and deferred taxes16 | - | - | - | - | - | €10,000 | €10,000 | €10,000 | = |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | €10,000 | €10,000 | €10,000 | = |
| Other liabilities and charges164/5 | - | - | - | - | - | €10,000 | €10,000 | €10,000 | = |
| Amounts payable17/49 | €4,856 | €726 | €696 | €738 | €817 | €1,025 | €4,983 | €3,084 | ▼ 38.1% |
| Amounts payable within one year42/48 | €4,856 | €726 | €696 | €738 | €817 | €1,025 | €4,983 | €3,084 | ▼ 38.1% |
| Trade debts44 | €3,684 | €726 | €696 | €738 | €817 | €859 | €887 | - | - |
| Suppliers440/4 | - | - | - | €738 | €817 | €859 | €887 | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | €166 | €4,096 | €3,084 | ▼ 24.7% |
| Taxes450/3 | - | - | - | - | - | €166 | €4,096 | €3,084 | ▼ 24.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,540 | €3,869 | €3,161 | €2,577 | €745 | €3,371 | €8,782 | €9,510 | ▲ 8.3% |
| Operating cash flow (approximation) | €2,540 | €3,869 | €3,161 | €2,577 | €745 | €3,371 | €8,782 | €9,510 | ▲ 8.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€607 | €2,184 | €1,824 | €1,019 | €9,955 | €12,930 | €26,199 | ▲ 103% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as GRES D'YVOIR has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GRES D'YVOIR itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for GRES D'YVOIR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 08-06-2026 | 2026-00151706 | |
| 31-12-2024 | full format | 21-05-2025 | 2025-00104174 | |
| 31-12-2023 | full format | 28-05-2024 | 2024-00099981 | |
| 31-12-2022 | full format | 01-06-2023 | 2023-00104654 | |
| 31-12-2021 | full format | 22-06-2022 | 2022-20086617 | |
| 31-12-2020 | full format | 18-06-2021 | 2021-22300373 | |
| 31-12-2019 | full format | 12-06-2020 | 2020-16700240 | |
| 31-12-2018 | full format | 04-06-2019 | 2019-15900376 | |
| 31-12-2017 | full format | 30-05-2018 | 2018-15200169 | |
| 31-12-2016 | full format | 06-03-2018 | 2018-06400064 |