GREY MATTER GAMES
ActiveSummary
The annual accounts of GREY MATTER GAMES for fiscal year 2025 show a net loss of 189% of total assets. The 2025 annual accounts show equity of €18k and a net result of €-42k. Its solvency ranks better than 73% of 17043 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes
Profitability0
Solvency100
Growth-
Track record67
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 41.13; short-term debt: 2.3% and cash: 90.1% of total assets), and 20.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.3%
Return on assets
-189.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2025
20 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€18k
Total assets
€22k
Net result
€-42k
Working capital
€21k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €22k
Fixed assets
€1k
Current assets
€21k
Equity and liabilities €22k
Equity
€18k
Debt
€5k
Debt finances 20.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€-42k
Cash flow
€-42k
Current ratio
41.13
Debt to equity
0.26
ROE
-238.5%
ROA
-189.2%
Interest coverage
-375.04
Debt ≤ 1 year
€516
Filed annual accounts As filed with the NBB · 2025 · 28 lines
Balance sheet
Code2025
Assets
Total assets20/58€22k
Fixed assets21/28€1k
Tangible fixed assets22/27€1k
Furniture and vehicles24€1k
Current assets29/58€21k
Amounts receivable within one year40/41€531
Other amounts receivable41€531
Cash at bank and in hand54/58€20k
Deferred charges and accrued income490/1€571
Equity and liabilities
Total equity and liabilities10/49€22k
Equity10/15€18k
Contributions10/11€60k
Profit (loss) carried forward14€-42k
Amounts payable17/49€5k
Amounts payable within one year42/48€516
Trade debts44€516
Suppliers440/4€516
Accrued charges and deferred income492/3€4k
Income statement
Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€363
Other operating charges640/8€128
Gross operating margin9900€-42k
Operating profit (loss)9901€-42k
Financial charges65/66B€111
Recurring financial charges65€111
Profit (loss) for the period before taxes9903€-42k
Profit (loss) for the period9904€-42k
Profit (loss) for the period to be appropriated9905€-42k
Appropriation of the result
Profit (loss) to be appropriated9906€-42k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Kortrijk · 1 establishment unit since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nelson Mandelaplein(Kor) 28500 KortrijkGround area
7,707 m²
Building footprint
4,683 m²
Volume, LiDAR
35,443 m³
Parcel 34022E0450/00T006, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GREY MATTER GAMES
since 20242.364.491.893
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0450/00T006 | Flanders | 7,706 m² | 1 · 4,683 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
WILWAY
BE 0698.564.997
Gembloux · Eq €17,715
NOVAGROUND
BE 0690.745.314
Sint-Gillis (bij-Brussel) · Eq €17,702
REAL-NEXUS
BE 0727.590.367
Kapellen · Eq €17,747
Nicolas Giannone
BE 0693.702.131
Hannut · Eq €17,747
TELERIS
BE 0802.098.938
Brussel · Eq €17,697
Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 5,574 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2024
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.