GREYCELLS
ActiveGREYCELLS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €151k and a net result of €15k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 38% of 1546 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▲+2
Solvency54▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity tight (current ratio 1.36 against 1.22 in 2023; short-term debt: 70.9% and cash: 14.4% of total assets), and 70.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 →
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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-11-2025, 109 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
109 d late
2023
153 d late
2022
151 d late
2021
92 d late
2020
152 d late
2019
104 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€15k▲ 224%
2023 · €5k
2018: €10k
2019: €7k
2020: €5k
2021: €14k
2022: €15k
2023: €5k
2018 → 2024
Working capital
€131k▲ 20.9%
2023 · €109k
2018: €305k
2019: €321k
2020: €46k
2021: €70k
2022: €103k
2023: €109k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€103k-€117k▲ 13.8%€131k▲ 12.5%€136k▲ 3.6%€151k▲ 11.2%
Operating result€11k-€21k▲ 93.5%€25k▲ 22.1%€5k▼ 78.5%€24k▲ 339%
Net result€5k-€14k▲ 165%€15k▲ 2.9%€5k▼ 67.7%€15k▲ 224%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 339% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €520k
Fixed assets
€20k▼ 26.9%
Current assets
€499k▼ 16.7%
Equity and liabilities €520k
Equity
€151k▲ 11.2%
Debt
€368k▼ 25.0%
The debt ratio falls from 78.3% to 70.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▲
2023 · €16k
Cash flow
€26k▲
2023 · €15k
Solvency
29.1%▲
2023 · 21.7%
Current ratio
1.36▲
2023 · 1.22
Quick ratio
0.32▼
2023 · 0.44
Debt / equity
2.43▼
2023 · 3.61
ROE
10.1%▲
2023 · 3.5%
ROA
2.9%▲
2023 · 0.8%
Interest coverage
110.03▲
2023 · 21.55
Debt
€368k▼
2023 · €491k
Debt ≤ 1 year
€368k▼
2023 · €491k
Income taxes
€8k
Staff costs
€58k▼
2023 · €70k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€627k€520k▼
Fixed assets21/28€28k€20k▼
Tangible fixed assets22/27€24k€17k▼
Plant, machinery and equipment23€2k€5k▲
Furniture and vehicles24€22k€12k▼
Financial fixed assets28€3k€3k=
Current assets29/58€600k€499k▼
Stocks and contracts in progress3€384k€380k▼
Stocks30/36€384k€380k▼
Amounts receivable within one year40/41€178k€40k▼
Trade receivables40€110k€3k▼
Other amounts receivable41€68k€37k▼
Cash at bank and in hand54/58€34k€75k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€627k€520k▼
Equity10/15€136k€151k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€128k€143k▲
Amounts payable17/49€491k€368k▼
Amounts payable within one year42/48€491k€368k▼
Current portion of amounts payable after more than one year42€8k-
Trade debts44€290k€199k▼
Suppliers440/4€290k€199k▼
Taxes, remuneration and social security45€194k€98k▼
Taxes450/3€174k€74k▼
Remuneration and social security454/9€20k€24k▲
Other amounts payable47/48-€71k
Income statement
Code20232024
Remuneration, social security and pensions62€70k€58k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Other operating charges640/8€684€2k▲
Gross operating margin9900€87k€95k▲
Operating profit (loss)9901€5k€24k▲
Financial income75/76B-€6
Recurring financial income75-€6
Financial charges65/66B€748€320▼
Recurring financial charges65€748€320▼
Profit (loss) for the period before taxes9903€5k€24k▲
Income taxes67/77-€8k
Profit (loss) for the period9904€5k€15k▲
Profit (loss) for the period to be appropriated9905€5k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€128k€143k▲
Profit (loss) brought forward from the previous period14P€123k€128k▲
Social balance
Average headcount (FTE)90872.01.6▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 109 days late
2024
31-12
Financial
Highest result since 2018net €15k ▲224%
Net result €15k, the highest in the series.
31-12
Financial
Equity above €150kEq €151k ▲11.2%
7 profitable years in a row build equity to €151k.
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 153 days late
2023
31-12
Financial
Weakest financial yearnet €5k ▼67.7%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 151 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 92 days late
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 152 days late
2020
31-12
Financial
Equity above €100kEq €103k ▲5.5%
3 profitable years in a row build equity to €103k.
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 104 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
12-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 196 days late
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 150 days late
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 354 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Assesse · 2 establishment units since 2003
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.
Rue du Pourrain 775330 AssesseGround area
3,803 m²
Building footprint
278 m²
Volume, LiDAR
1,950 m³
3 parcels, Wallonia · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
GREYCELLS
since 20032.135.177.064
STARGAMES
since 20102.212.974.826
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92006B0151/00M000 | Wallonia | 3,543 m² | 1 · 140 m² | - |
| 92094C0176/00A002 | Wallonia | 133 m² | 1 · 106 m² | 17.4 m · 5 fl. |
| 91034G0221/00P000 | Wallonia | 127 m² | 1 · 32 m² | 14.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
875500DZDIMMVK8IWF52
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Of 16,869 companies in sector 62100 we hold annual accounts for 8,779. 6,847 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-08-2003
Fiscal year end31-12
Activities, NACEBEL
47640Retail sale of games and toys
47650Retail trade
52489
62010Computer programming, consultancy and related activities
62100Computer programming
72220
47400Retail sale of information and communication equipment
47410Retail trade
52487
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:DAVIDGERVAIS@WEBZIGNER.COM
E-mail:info@stargames.be
Phone:082/744.542