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GREYCELLS

Active
Private limited company (pre-2019)founded 2003active for 23 yearsRue du Pourrain 77, 5330 Assesse, BelgiumKBO/BCE: BE 0859.907.374

From the official registers: KBO 21 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

GREYCELLS has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €151,370 and a net result of €15,251. Equity has been growing by about 9.1% per year since 2018. Its solvency ranks better than 38% of 1,531 sector peers (NACE 62, financial year 2024). The computed 12-month bankruptcy probability is 1.2% (low).

Overview

Official details

KBO
Status
Active since 01-08-2003 Normal situation
Legal form
Private limited company (pre-2019)
Registered office
Rue du Pourrain 77, 5330 Assesse
Activity
Computer programming NACE 62100and 2 others
Establishment units
2.135.177.064 5000 Namur, since 01-11-2003
2.212.974.826 5500 Dinant, since 01-09-2010
Financial year end
31 December
Peppol
Reachable since 12-01-2026

Board and ownership

Board
  • GERVAIS DAVIDDirector

Financial position

54 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.2%
Annual accounts 2024
Gross margin
€95,352
▲ 10.2%
Turnover
≈ €220,000
estimated
Profit
€15,251
▲ 224%
Equity
€151,370
▲ 11.2%
Total assets
€519,566
▼ 17.2%
Staff
1.6 FTE
▼ 20.0%
2025 accounts not filed, 93 days past the deadline
Filed on 17-11-2025PDF
Score breakdownraises riskCapped at 59: a confirmed filing finding1 financial year not filed after the legal deadline; last filed accounts filed 109 days late; 3 of the last 3 accounts lateFigures for financial year 2024 (filed on 17-11-2025)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Founded in 2003Show the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 32% of micro companies in computer programming and consultancy (NACE 62)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2023
Average
Solvency 54+7
equity 29.1% of total assets
Liquidity 30+16
short-term debt 70.9% · cash 14.4%
Profitability 72+2
return on assets 2.9%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,908 companies, NACE 62, micro)
Last 24 months 11-2024: 0.9% 12-2024: 1.1%▲ +0.2 percentage points vs 11-2024 01-2025: 2.0%▲ +0.9 percentage points vs 12-2024highest value 02-2025: 0.9%▼ -1.1 percentage points vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 1.0%▲ +0.1 percentage points vs 06-2025 08-2025: 1.4%▲ +0.4 percentage points vs 07-2025 09-2025: 1.7%▲ +0.3 percentage points vs 08-2025 10-2025: 1.9%▲ +0.2 percentage points vs 09-2025 11-2025: 1.9%● unchanged vs 10-2025 12-2025: 0.7%▼ -1.2 percentage points vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.6%▼ -0.1 percentage points vs 05-2026lowest value 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 1.0%▲ +0.4 percentage points vs 07-2026 09-2026: 1.1%▲ +0.1 percentage points vs 08-2026 10-2026: 1.2%▲ +0.1 percentage points vs 09-2026
Credit of up to €8,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is tight, with a current ratio of 1.36 (1.22 in 2023), below the usual 1.5. Short-term debt is 70.9% and cash 14.4% of total assets. 70.9% of the assets are financed with debt and provisions.
Calculation

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 62, micro). It does better than 28% of them on solvency, 11% on liquidity, 31% on profitability and 58% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

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).

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Signals

Six signals.
lowers riskraises risk
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 109 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Figures for financial year 2024 (filed on 17-11-2025)
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Founded in 2003
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 today
raises risk · 2024 accounts filed 109 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: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
109 days late
2023
153 days late
2022
151 days late
2021
92 days late
2020
152 days late
2019
104 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 127 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 3rd largest company by total assets in Assesse, Telecoms and IT sectorin the Checked rankings No. 3 View
  • Positive: 7 profitable years in a rowprofit 2024: €15,251 7 years View

Documents

Annual accounts at the NBB

All 21 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about GREYCELLS

What is the company number of GREYCELLS?
The company number of GREYCELLS is 0859.907.374. The VAT number is the same number with BE in front: BE 0859.907.374.
Where is GREYCELLS based?
The registered office is at Rue du Pourrain 77, 5330 Assesse.Company details
What does GREYCELLS do?
According to the KBO register, the main activity is computer programming (NACE 62100).
What is the legal form of GREYCELLS?
The legal form of GREYCELLS is Private limited company (pre-2019) (BVBA).
When was GREYCELLS founded?
GREYCELLS was founded on 01-08-2003.
Is GREYCELLS still active?
Yes, GREYCELLS is an active enterprise in the KBO register.
How many employees does GREYCELLS have?
GREYCELLS had an average of 1.6 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of GREYCELLS?
The turnover in financial year 2024 is ≈ €220,000. This figure is estimated from the gross margin of €95,352 and 41 comparable companies (NACE 62100). It probably lies between €190,000 and €280,000.
Is GREYCELLS profitable?
In financial year 2024, GREYCELLS made a profit of €15,251.
Where can I find the annual accounts of GREYCELLS?
GREYCELLS filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)

Comparable companies

These companies have the same main activity as GREYCELLS: computer programming (NACE 62100). They are comparable in size and age: total assets between €311,000 and €804,000, founded between 2000 and 2010.

CompanyTotal assetsGross margin
GREYCELLS Assesse€519,566€95,352
GAPWORKS Maldegem€386,160€134,120
NVH-IA Geel€429,557€90,648
MAGWEL Leuven€803,677€87,077
I&T GROUP Hasselt€312,356€73,870
CimPro Sint-Niklaas€311,290€91,283
DDI SERVICES Roeselare€482,394€187,726
Full comparison

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