GRESI
ActiveSummary
GRESI has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €317,952 and a net result of €35,412. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 75% of 10429 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+36
Solvency88▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 3.01 against 3.77 in 2024; short-term debt: 29.4% and cash: 59.2% of total assets), and 37.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.7%
Return on assets
7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-07-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
11 d early
2023
30 d early
2022
25 d early
2021
12 d early
2020
201 d late
2019
566 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 96 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€317,952▲ 1.5%
2024 · €313,228
Total assets
€506,748▼ 1.1%
2024 · €512,231
Net result
€35,412▲ 335%
2024 · €8,143
Working capital
€299,897▼ 5.3%
2024 · €316,671
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€62,744▲ 1,033%€11,228▼ 82.1%€69,794▲ 522%€7,286▼ 89.6%€44,485▲ 511%
Net result€41,779▲ 36.1%€17,004▼ 59.3%€55,282▲ 225%€8,143▼ 85.3%€35,412▲ 335%
Equity€248,943▼ 5.4%€265,947▲ 6.8%€305,084▲ 14.7%€313,228▲ 2.7%€317,952▲ 1.5%
Total assets€508,147▲ 13.4%€607,314▲ 19.5%€549,203▼ 9.6%€512,231▼ 6.7%€506,748▼ 1.1%
Debt€259,204▲ 40.0%€341,367▲ 31.7%€244,119▼ 28.5%€199,003▼ 18.5%€188,796▼ 5.1%
Working capital€242,411▼ 7.9%€335,529▲ 38.4%€329,830▼ 1.7%€316,671▼ 4.0%€299,897▼ 5.3%
Staff (FTE)1.21.1▼ 8.3%1.1=1.5▲ 36.4%1.4▼ 6.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 511% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €506,748
Fixed assets
€57,919 ▼ 28.6%
Current assets
€448,829 ▲ 4.1%
Equity and liabilities €506,748
Equity
€317,952 ▲ 1.5%
Debt
€188,796 ▼ 5.1%
Debt's share of the balance-sheet total falls from 38.9% to 37.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67,827▲
2024 · €30,610
Cash flow
€58,754▲
2024 · €31,467
Current ratio
3.01▼
2024 · 3.77
Quick ratio
2.11▼
2024 · 2.30
Debt to equity
0.59▼
2024 · 0.64
ROE
11.1%▲
2024 · 2.6%
ROA
7.0%▲
2024 · 1.6%
Interest coverage
5.42▲
2024 · 1.91
Debt ≤ 1 year
€148,932▲
2024 · €114,468
Debt > 1 year
€39,864▼
2024 · €84,535
Income taxes
€15,362▲
2024 · €5,402
Staff costs
€84,432▲
2024 · €74,644
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,000 | - | €15,000 | €0 | - | - |
| Remuneration, social security and pensions62 | €52,641 | €63,937 | €70,005 | €74,644 | €84,432 | ▲ 13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,534 | €15,867 | €21,889 | €23,324 | €23,342 | ▲ 0.1% |
| Other operating charges640/8 | €2,470 | €6,277 | €4,509 | €5,313 | €1,779 | ▼ 66.5% |
| Gross operating margin9900 | €133,389 | €97,308 | €166,196 | €110,567 | €154,037 | ▲ 39.3% |
| Operating profit (loss)9901 | €62,744 | €11,228 | €69,794 | €7,286 | €44,485 | ▲ 511% |
| Financial income75/76B | €18,399 | €24,036 | €23,239 | €22,296 | €18,815 | ▼ 15.6% |
| Recurring financial income75 | €18,399 | €24,036 | €23,239 | €22,296 | €18,815 | ▼ 15.6% |
| Financial charges65/66B | €7,043 | €9,624 | €17,063 | €16,037 | €12,525 | ▼ 21.9% |
| Recurring financial charges65 | €7,043 | €9,624 | €17,063 | €16,037 | €12,525 | ▼ 21.9% |
| Profit (loss) for the period before taxes9903 | €74,100 | €25,640 | €75,970 | €13,546 | €50,775 | ▲ 275% |
| Income taxes67/77 | €32,322 | €8,637 | €20,687 | €5,402 | €15,362 | ▲ 184% |
| Profit (loss) for the period9904 | €41,779 | €17,004 | €55,282 | €8,143 | €35,412 | ▲ 335% |
| Transfer from tax-exempt reserves789 | €49,550 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €91,329 | €17,004 | €55,282 | €8,143 | €35,412 | ▲ 335% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €508,147 | €607,314 | €549,203 | €512,231 | €506,748 | ▼ 1.1% |
| Fixed assets21/28 | €18,100 | €4,133 | €102,628 | €81,091 | €57,919 | ▼ 28.6% |
| Tangible fixed assets22/27 | €18,100 | €4,133 | €102,628 | €81,091 | €57,749 | ▼ 28.8% |
| Plant, machinery and equipment23 | €289 | - | €7,127 | €5,570 | €4,014 | ▼ 27.9% |
| Furniture and vehicles24 | - | - | €81,807 | €61,874 | €41,941 | ▼ 32.2% |
| Other tangible fixed assets26 | €17,811 | €4,133 | €13,694 | €13,646 | €11,794 | ▼ 13.6% |
| Financial fixed assets28 | - | - | - | - | €170 | - |
| Current assets29/58 | €490,047 | €603,181 | €446,576 | €431,140 | €448,829 | ▲ 4.1% |
| Stocks and contracts in progress3 | €93,431 | €133,322 | €190,843 | €167,866 | €135,028 | ▼ 19.6% |
| Stocks30/36 | €93,431 | €133,322 | €190,843 | €167,866 | €135,028 | ▼ 19.6% |
| Amounts receivable within one year40/41 | €3,799 | €14,914 | €7,068 | €18,274 | €11,520 | ▼ 37.0% |
| Trade receivables40 | €1,769 | €2,213 | €7,068 | €5,510 | €571 | ▼ 89.6% |
| Other amounts receivable41 | €2,030 | €12,701 | - | €12,764 | €10,949 | ▼ 14.2% |
| Cash at bank and in hand54/58 | €392,817 | €454,945 | €246,937 | €242,766 | €299,893 | ▲ 23.5% |
| Deferred charges and accrued income490/1 | - | - | €1,727 | €2,234 | €2,388 | ▲ 6.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €508,147 | €607,314 | €549,203 | €512,231 | €506,748 | ▼ 1.1% |
| Equity10/15 | €248,943 | €265,947 | €305,084 | €313,228 | €317,952 | ▲ 1.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €140,022 | €157,026 | €196,163 | €204,307 | €209,031 | ▲ 2.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €138,162 | €155,166 | €196,163 | €204,307 | €209,031 | ▲ 2.3% |
| Profit (loss) carried forward14 | €102,721 | €102,721 | €102,721 | €102,721 | €102,721 | = |
| Amounts payable17/49 | €259,204 | €341,367 | €244,119 | €199,003 | €188,796 | ▼ 5.1% |
| Amounts payable after more than one year17 | €11,568 | €73,714 | €127,215 | €84,535 | €39,864 | ▼ 52.8% |
| Financial debts170/4 | €11,568 | €73,714 | €127,215 | €84,535 | €39,864 | ▼ 52.8% |
| Amounts payable within one year42/48 | €247,636 | €267,653 | €116,746 | €114,468 | €148,932 | ▲ 30.1% |
| Current portion of amounts payable after more than one year42 | €11,188 | €28,047 | €40,780 | €42,681 | €44,671 | ▲ 4.7% |
| Trade debts44 | €5,571 | €9,135 | €4,121 | €9,153 | €15,568 | ▲ 70.1% |
| Suppliers440/4 | €5,571 | €9,135 | €4,121 | €9,153 | €15,568 | ▲ 70.1% |
| Advances received on contracts in progress46 | - | - | €1,323 | €0 | - | - |
| Taxes, remuneration and social security45 | €97,413 | €89,476 | €49,926 | €45,649 | €46,059 | ▲ 0.9% |
| Taxes450/3 | €89,049 | €80,480 | €40,363 | €38,129 | €38,744 | ▲ 1.6% |
| Remuneration and social security454/9 | €8,364 | €8,997 | €9,563 | €7,520 | €7,315 | ▼ 2.7% |
| Other amounts payable47/48 | €133,464 | €140,995 | €20,597 | €16,985 | €42,634 | ▲ 151% |
| Accrued charges and deferred income492/3 | - | - | €158 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,779 | €17,004 | €55,282 | €8,143 | €35,412 | ▲ 335% |
| + Depreciation and write-downs630 | €15,534 | €15,867 | €21,889 | €23,324 | €23,342 | ▲ 0.1% |
| Operating cash flow (approximation) | €57,313 | €32,871 | €77,171 | €31,467 | €58,754 | ▲ 86.7% |
| Investment in fixed assets (approximation) | - | -€1,900 | -€120,383 | -€1,787 | -€170 | ▲ 90.5% |
| Change in cash | - | €62,128 | -€208,007 | -€4,172 | €57,127 | ▲ 1,469% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €55,282 ▲225%
Operating result €69,794, net result €55,282, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
17-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 201 days late
17-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 566 days late
2019
31-12
Financial
Back to profitnet €16,931
Net result €16,931 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Grobbendonk · 1 establishment unit since 2003
Ground area
3,145 m²
Building footprint
594 m²
Volume, LiDAR
4,305 m³
2 parcels, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Hofkwartier(HRT) 24, 2200 Herentals
since 20032.133.514.901
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13010C0055/00E005 | Flanders | 2,772 m² | 1 · 221 m² | 10.3 m · 2 fl. |
| 13302G0247/00F000 | Flanders | 373 m² | 1 · 373 m² | 13.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,438. 1,617 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-08-2003
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.