Liquidity
Short-term debts fell from €49,751 to €47,360.
Short-term debts fell from €49,751 to €47,360.
The 2024 accounts came latest: 98 days after the end of the period.
The dashed line is the sector median: 2.6% across 916 companies (NACE 53, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 53, micro). It does better than 68% of them on solvency, 51% on liquidity, 63% on profitability and 84% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 26,972 companies had the same profile as Gresend has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Gresend itself is higher: 3.4% within 12 months. It rests on far more data about Gresend than the profile alone.
The method was tested on the 497,447 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 26,972 companies, not a prediction for Gresend. 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.
Liquidity is ample, with a current ratio of 1.88 (1.4 in 2024), above the usual 1.5. Short-term debt is 46.4% and cash 13.8% of total assets. 46.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 50 days after the deadline. In the sector (NACE 53), the median for financial year 2024 was 13 days after the deadline, and 56% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Gresend Sint-Pieters-Leeuw | €482,847 | 5.5% | 53.6% | - |
| RC Service Overijse | - | - | 54.1% | - |
| HASTIK Boechout | €248,009 | 16.0% | 53.8% | - |
| Mira Trans Lievegem | - | - | 53.7% | - |
| NOUHA EXPRESS Antwerp | - | - | 51.5% | - |
| Pand22 Mechelen | - | - | 59.5% | - |
| YAN MULTISERVICES Vilvoorde | - | - | 14.8% | - |
Grey: the largest companies of the sector (postal and courier (NACE 53)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Gresend: other postal and courier activities (NACE 53200). They are comparable in size and age: total assets between €91,300 and €120,000, founded between 2019 and 2021.
Gresend files the micro format. That format states no turnover. The gross margin rose from €31,286 in 2022 to €39,968 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 70% of 630 companies in 2025.
Higher than 70% of 599 companies in 2025.
Higher than 82% of 601 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
102,026 | 83,270 | 48,760 | 63,295 | |
21/28 |
13,046 | 13,656 | 14,480 | 24,299 | |
21 |
- | - | - | 0 | |
22/27 |
13,046 | 13,656 | 14,480 | 24,299 | |
23 |
7,195 | 9,781 | 1,573 | 724 | |
24 |
5,851 | 3,874 | 12,908 | 23,575 | |
29/58 |
88,980 | 69,614 | 34,280 | 38,997 | |
40/41 |
74,866 | 62,010 | 18,779 | 25,598 | |
40 |
42,198 | 56,795 | 18,779 | 25,598 | |
41 |
32,668 | 5,216 | - | - | |
54/58 |
14,114 | 6,851 | 15,501 | 13,399 | |
490/1 |
- | 753 | - | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
102,026 | 83,270 | 48,760 | 63,295 | |
10/15 |
54,666 | 33,519 | 22,157 | 24,293 | |
10/11 |
6,000 | 6,000 | 6,000 | 6,000 | |
13 |
18,293 | 18,293 | 18,293 | 18,293 | |
133 |
18,293 | 18,293 | 18,293 | 18,293 | |
14 |
30,373 | 9,226 | -2,135 | - | |
17/49 |
47,360 | 49,751 | 26,603 | 39,002 | |
42/48 |
47,360 | 49,751 | 26,603 | 34,609 | |
44 |
24,747 | 26,048 | 6,317 | 22,761 | |
440/4 |
24,747 | 26,048 | 6,317 | 22,761 | |
45 |
22,613 | 23,702 | 16,090 | 9,062 | |
450/3 |
17,699 | 12,889 | 9,345 | 9,062 | |
454/9 |
4,914 | 10,813 | 6,745 | - | |
47/48 |
- | - | 4,196 | 2,786 | |
492/3 |
- | - | - | 4,393 | |
| Income statement | |||||
70 |
482,847 | - | - | - | |
9900 |
39,968 | 76,300 | 44,534 | 31,286 | |
62 |
3,946 | 47,759 | 32,009 | - | |
630 |
7,289 | 9,824 | 9,819 | 6,194 | |
640/8 |
2,035 | 2,166 | 4,305 | 510 | |
9901 |
26,698 | 16,551 | -1,599 | 24,582 | |
75/76B |
631 | 158 | 317 | - | |
75 |
631 | 158 | 317 | - | |
65/66B |
3,939 | 1,702 | - | 35 | |
65 |
3,939 | 1,702 | - | 35 | |
9903 |
23,390 | 15,007 | -1,282 | 24,547 | |
67/77 |
2,243 | 3,646 | 854 | 6,254 | |
9904 |
21,147 | 11,361 | -2,135 | 18,293 | |
9905 |
21,147 | 11,361 | -2,135 | 18,293 | |
| Appropriation of the result | |||||
9906 |
30,373 | 9,226 | -2,135 | 18,293 | |
14P |
9,226 | -2,135 | - | - | |
691/2 |
- | - | - | 18,293 | |
6920 |
- | - | - | 18,293 | |
| Social balance sheet | |||||
9087 |
0.5 | 1.1 | - | - | |
Hours worked1013 |
654 | - | - | - | |
| Document | |||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 16-02-2026.
2025 annual accounts filed 16 days after the deadline. Filed on 16 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00038884.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 33,987 | 26,375 | 8,220 | 30,776 | ||
| 28,436 | 21,186 | 7,683 | 24,487 | ||
| 6,679 | 9,000 | 0 | 30,493 | ||
| 7,263 | -8,650 | 2,102 | - | ||
| 41,620 | 19,863 | 7,677 | 4,388 | ||
| 5.5% | - | - | - | ||
| 53.6% | 40.3% | 45.4% | 38.4% | ||
| 1.88 | 1.40 | 1.29 | 1.13 | ||
| 0.87 | 1.48 | 1.20 | 1.61 | ||
| 38.7% | 33.9% | -9.6% | 75.3% | ||
| 20.7% | 13.6% | -4.4% | 28.9% | ||
| 8.63 | 15.50 | - | over 100 | ||
| 32 days | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 |
|---|---|---|
| Employees at the balance-sheet date | 2 | - |
| full-time | 2 | - |
| in full-time equivalents | 2 | - |
| 0.2 | 0 | |
| Joined | - | 1 |
| Left | - | 2 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €6,679 | €9,000 | - | €29,459 |
| Intangible fixed assets | - | - | €0 | €1,034 |
| €7,289 | €9,824 | €9,819 | €6,194 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 61% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 59.7% to 46.4%. Equity is higher and debt is lower.
Gresend has no parent and no holdings in its annual accounts.
| BILD CONCEPT
registered office since 26-10-2022 · founded in 2022 |
turnover €2.2m (2025) 0792.929.369 |
| DEMO GROUP
registered office since 09-03-2021 · founded in 2021 · accounts filed late |
turnover €1.8m (2024) 0764.843.020 |
| ED MOTOR
registered office since 13-07-2022 · founded in 2022 |
turnover €1.8m (2025) 0788.556.154 |
| LUITRADE
registered office since 14-05-2019 · founded in 2019 |
1.2 FTE (2023) 0726.753.001 |
| LIMO TRENDS
registered office since 16-11-2017 · founded in 2017 · accounts filed late |
total assets €1.5m (2024) 0684.767.837 |
| M.A. Solution
registered office since 02-12-2021 · founded in 2021 · accounts filed late |
turnover €606,633 (2025) 0777.963.952 |
| OST CONCEPT TOITURE
registered office since 02-06-2023 · founded in 2023 |
turnover €1.3m (2025) 0802.364.895 |
| ARKHE
registered office since 10-12-1987 · founded in 1987 |
turnover €1.3m (2025) 0432.804.694 |
| ANATOLI CONSTRUCT
registered office since 08-11-2022 · founded in 2022 |
turnover €1.3m (2025) 0793.406.352 |
| S&B PROF CONSTRUCT
registered office since 30-08-2022 · founded in 2022 · accounts filed late |
turnover €1.1m (2024) 0790.208.619 |
| HIVETECH via HADI Adam, no longer at HIVETECH · Director · deed of 29-07-2022 founded in 2022 · accounts filed late |
total assets €21,936 (2024) |
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Gresend was incorporated on 22 June 2021 as a private limited company by two natural persons.12 Since 2023 the company has been called Gresend.3 The registered office moved to Drogenbos in 2023 and to Sint-Pieters-Leeuw in 2024.34 The board currently has 3 members.3 Total assets rose from €63,295 in 2022 to €102,026 in 2025.5
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Badi Logistics registered office Bergensesteenweg 24, 1600 Sint-Pieters-Leeuw | 28-06-2021 | 2.319.076.790 | Transport of foodstuffs under controlled temperature and/or atmosphere |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23077A0118/00W082 | 1,638 m² | 1 · 398 m² | 9.5 m · 3 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0769.971.053
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