GREY MOUSE
ActiveSummary
GREY MOUSE has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €-29k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-87
Solvency38▼-58
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.05 against 3.16 in 2024; short-term debt: 86.4% and cash: 46.1% of total assets), and 87.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
12.9%
Return on assets
-18.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 7058 sector peers (2025).
NBB · sector comparisonPosition among 7058 sector peers
Solvency
better than 21%
← weakest
strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
29 d early
2024
15 d early
2023
21 d early
2022
19 d early
2021
19 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€20k▼ 83.7%
2024 · €124k
2021: €26k
2022: €40k▲ +55.6% vs 2021
2023: €99k▲ +149% vs 2022
2024: €124k▲ +26.0% vs 2023highest in 5 years
2025: €20k▼ -83.7% vs 2024lowest in 5 years
2021 → 2025
Total assets
€157k▼ 10.9%
2024 · €176k
2021: €46klowest in 5 years
2022: €84k▲ +84.4% vs 2021
2023: €175k▲ +108% vs 2022
2024: €176k▲ +0.7% vs 2023highest in 5 years
2025: €157k▼ -10.9% vs 2024
2021 → 2025
Net result
€-29k
2024 · €26k
2021: €23k
2022: €14k▼ -38.3% vs 2021
2023: €59k▲ +316% vs 2022highest in 5 years
2024: €26k▼ -56.5% vs 2023
2025: €-29k▼ -214% vs 2024lowest in 5 years
2021 → 2025
Working capital
€7k▼ 93.4%
2024 · €111k
2021: €18k
2022: €20k▲ +16.5% vs 2021
2023: €87k▲ +324% vs 2022
2024: €111k▲ +28.8% vs 2023highest in 5 years
2025: €7k▼ -93.4% vs 2024lowest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€40k▲ 55.6%€99k▲ 149%€124k▲ 26.0%€20k▼ 83.7%
2021: €26k
2022: €40k▲ +55.6% vs 2021
2023: €99k▲ +149% vs 2022
2024: €124k▲ +26.0% vs 2023highest in 5 years
2025: €20k▼ -83.7% vs 2024lowest in 5 years
Operating result€30k-€21k▼ 30.1%€80k▲ 284%€39k▼ 50.7%€-27k
2021: €30k
2022: €21k▼ -30.1% vs 2021
2023: €80k▲ +284% vs 2022highest in 5 years
2024: €39k▼ -50.7% vs 2023
2025: €-27k▼ -170% vs 2024lowest in 5 years
Net result€23k-€14k▼ 38.3%€59k▲ 316%€26k▼ 56.5%€-29k
2021: €23k
2022: €14k▼ -38.3% vs 2021
2023: €59k▲ +316% vs 2022highest in 5 years
2024: €26k▼ -56.5% vs 2023
2025: €-29k▼ -214% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €27k after €39k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157k
Fixed assets
€14k ▲ 5.1%
Current assets
€143k ▼ 12.2%
Equity and liabilities €157k
Equity
€20k ▼ 83.7%
Debt
€137k ▲ 164%
Debt's share of the balance-sheet total rises from 29.5% to 87.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-18k▼
2024 · €45k
Cash flow
€-20k▼
2024 · €32k
Current ratio
1.05▼
2024 · 3.16
Debt to equity
6.75▲
2024 · 0.42
ROE
-143.7%▼
2024 · 20.6%
ROA
-18.6%▼
2024 · 14.6%
Interest coverage
-10.83▼
2024 · 30.10
Debt ≤ 1 year
€136k▲
2024 · €52k
Income taxes
€169▼
2024 · €12k
Staff costs
€181k▲
2024 · €139k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€176k€157k▼
Fixed assets21/28€13k€14k▲
Tangible fixed assets22/27€13k€14k▲
Plant, machinery and equipment23€1k€641▼
Furniture and vehicles24€12k€13k▲
Current assets29/58€163k€143k▼
Amounts receivable within one year40/41€59k€69k▲
Trade receivables40€46k€61k▲
Other amounts receivable41€13k€8k▼
Cash at bank and in hand54/58€104k€73k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€176k€157k▼
Equity10/15€124k€20k▼
Contributions10/11€3k€3k=
Reserves13€122k€18k▼
Distributable reserves133€122k€18k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€52k€137k▲
Amounts payable within one year42/48€52k€136k▲
Trade debts44€11k€21k▲
Suppliers440/4€11k€21k▲
Taxes, remuneration and social security45€32k€42k▲
Taxes450/3€19k€32k▲
Remuneration and social security454/9€13k€10k▼
Other amounts payable47/48€9k€74k▲
Accrued charges and deferred income492/3€318€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62€139k€181k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€9k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13k€0▼
Other operating charges640/8€791€780▼
Non-recurring operating charges66A€0-
Gross operating margin9900€199k€164k▼
Operating profit (loss)9901€39k€-27k▼
Financial income75/76B€35€0▼
Recurring financial income75€35€0▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€38k€-29k▼
Income taxes67/77€12k€169▼
Profit (loss) for the period9904€26k€-29k▼
Profit (loss) for the period to be appropriated9905€26k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€-29k▼
Transfer from equity791/2-€104k
Transfer to equity691/2€26k€0▼
To other reserves6921€26k€0▼
Profit to be distributed694/7-€75k
Return on contributions (dividend)694-€75k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €39k | €110k | €139k | €181k | ▲ 30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €758 | €4k | €6k | €6k | €9k | ▲ 44.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €13k | €0 | ▼ 100% |
| Other operating charges640/8 | €569 | €600 | €503 | €791 | €780 | ▼ 1.4% |
| Non-recurring operating charges66A | - | - | €701 | €0 | - | - |
| Gross operating margin9900 | €31k | €64k | €197k | €199k | €164k | ▼ 17.7% |
| Operating profit (loss)9901 | €30k | €21k | €80k | €39k | €-27k | ▼ 170% |
| Financial income75/76B | €159 | €1 | €6 | €35 | €0 | ▼ 99.9% |
| Recurring financial income75 | €159 | €1 | €6 | €35 | €0 | ▼ 99.9% |
| Financial charges65/66B | €752 | €2k | €2k | €2k | €2k | ▲ 12.0% |
| Recurring financial charges65 | €752 | €2k | €2k | €2k | €2k | ▲ 12.0% |
| Profit (loss) for the period before taxes9903 | €29k | €19k | €78k | €38k | €-29k | ▼ 177% |
| Income taxes67/77 | €6k | €5k | €19k | €12k | €169 | ▼ 98.6% |
| Profit (loss) for the period9904 | €23k | €14k | €59k | €26k | €-29k | ▼ 214% |
| Profit (loss) for the period to be appropriated9905 | €23k | €14k | €59k | €26k | €-29k | ▼ 214% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46k | €84k | €175k | €176k | €157k | ▼ 10.9% |
| Fixed assets21/28 | €8k | €19k | €15k | €13k | €14k | ▲ 5.1% |
| Tangible fixed assets22/27 | €8k | €19k | €15k | €13k | €14k | ▲ 5.1% |
| Land and buildings22 | - | €2k | - | - | - | - |
| Plant, machinery and equipment23 | - | - | €2k | €1k | €641 | ▼ 40.9% |
| Furniture and vehicles24 | €8k | €17k | €13k | €12k | €13k | ▲ 9.1% |
| Financial fixed assets28 | - | €420 | - | - | - | - |
| Current assets29/58 | €38k | €65k | €161k | €163k | €143k | ▼ 12.2% |
| Amounts receivable within one year40/41 | €15k | €39k | €59k | €59k | €69k | ▲ 17.5% |
| Trade receivables40 | €15k | €39k | €59k | €46k | €61k | ▲ 34.8% |
| Other amounts receivable41 | - | - | - | €13k | €8k | ▼ 41.1% |
| Cash at bank and in hand54/58 | €21k | €26k | €102k | €104k | €73k | ▼ 30.3% |
| Deferred charges and accrued income490/1 | €2k | - | - | - | €1k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46k | €84k | €175k | €176k | €157k | ▼ 10.9% |
| Equity10/15 | €26k | €40k | €99k | €124k | €20k | ▼ 83.7% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €23k | €37k | €96k | €122k | €18k | ▼ 85.4% |
| Distributable reserves133 | €23k | €37k | €96k | €122k | €18k | ▼ 85.4% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €20k | €44k | €76k | €52k | €137k | ▲ 164% |
| Amounts payable within one year42/48 | €20k | €44k | €74k | €52k | €136k | ▲ 163% |
| Trade debts44 | €5k | €13k | €7k | €11k | €21k | ▲ 93.3% |
| Suppliers440/4 | €5k | €13k | €7k | €11k | €21k | ▲ 93.3% |
| Advances received on contracts in progress46 | - | €484 | - | - | - | - |
| Taxes, remuneration and social security45 | €12k | €27k | €59k | €32k | €42k | ▲ 29.1% |
| Taxes450/3 | €12k | €21k | €46k | €19k | €32k | ▲ 65.9% |
| Remuneration and social security454/9 | - | €6k | €13k | €13k | €10k | ▼ 26.1% |
| Other amounts payable47/48 | €4k | €4k | €8k | €9k | €74k | ▲ 736% |
| Accrued charges and deferred income492/3 | - | - | €2k | €318 | €1k | ▲ 224% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €14k | €59k | €26k | €-29k | ▼ 214% |
| + Depreciation and write-downs630 | €758 | €4k | €6k | €6k | €9k | ▲ 44.0% |
| Operating cash flow (approximation) | €24k | €19k | €65k | €32k | €-20k | ▼ 163% |
| Investment in fixed assets (approximation) | - | €-16k | €-762 | €-5k | €-10k | ▼ 90.1% |
| Change in cash | - | €5k | €76k | €2k | €-32k | ▼ 1,368% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €124k ▲26%
4 profitable years in a row build equity to €124k.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €59k ▲316%
Operating result €80k, net result €59k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro 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, Antwerpen · 1 establishment unit since 2020
Ground area
2,402 m²
Building footprint
1,829 m²
Volume, LiDAR
10,575 m³
Parcel 11810K1603/00L005, Flanders · tallest building 13.7 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Lange Lozanastraat 177, 2018 Antwerpen
since 20202.309.392.529
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1603/00L005 | Flanders | 2,402 m² | 1 · 1,829 m² | 13.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 2,594 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
Founded06-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
73200Market research and public opinion polling
63910Web portal activities
Scores and ratios are computed by Checked and are not a credit decision.