GRFR
ActiveGRFR has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €405k and a net result of €336k. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 36% of 31642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+21
Solvency64▼-3
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.34 against 0.52 in 2024; short-term debt: 15.5% and cash: 5% of total assets), and 61.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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
38.8%
Return on assets
32.1%
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 26-06-2026, 35 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
35 d early
2024
31 d early
2023
20 d late
2022
on the day
2021
30 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€405k▼ 6.6%
2024 · €434k
2021: €78k
2022: €256k
2023: €346k
2024: €434k
2021 → 2025
Total assets
€1.04M▲ 0.9%
2024 · €1.03M
2021: €1.03M
2022: €1.11M
2023: €1.08M
2024: €1.03M
2021 → 2025
Net result
€336k▲ 281%
2024 · €88k
2021: €68k
2022: €178k
2023: €90k
2024: €88k
2021 → 2025
Working capital
€-108k▼ 228%
2024 · €-33k
2021: €-894
2022: €-5k
2023: €-17k
2024: €-33k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€78k-€256k▲ 229%€346k▲ 35.0%€434k▲ 25.5%€405k▼ 6.6%
Operating result€100k-€86k▼ 14.0%€68k▼ 20.2%€57k▼ 17.2%€44k▼ 21.5%
Net result€68k-€178k▲ 163%€90k▼ 49.8%€88k▼ 1.7%€336k▲ 281%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 22% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.04M
Fixed assets
€990k▼ 0.9%
Current assets
€54k▲ 52.5%
Equity and liabilities €1.04M
Equity
€405k▼ 6.6%
Debt
€639k▲ 6.3%
The debt ratio rises from 58.1% to 61.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€54k▼
2024 · €66k
Cash flow
€345k▲
2024 · €97k
Solvency
38.8%▼
2024 · 41.9%
Current ratio
0.34▼
2024 · 0.52
Quick ratio
0.34▼
2024 · 0.52
Debt / equity
1.58▲
2024 · 1.39
ROE
82.8%▲
2024 · 20.3%
ROA
32.1%▲
2024 · 8.5%
Interest coverage
7.87▲
2024 · 6.36
Debt
€639k▲
2024 · €601k
Debt ≤ 1 year
€162k▲
2024 · €69k
Debt > 1 year
€461k▼
2024 · €515k
Income taxes
€9k▼
2024 · €10k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.03M€1.04M▲
Fixed assets21/28€999k€990k▼
Tangible fixed assets22/27€27k€18k▼
Furniture and vehicles24€27k€18k▼
Financial fixed assets28€972k€972k=
Current assets29/58€36k€54k▲
Amounts receivable within one year40/41€10k€0▼
Trade receivables40€0-
Other amounts receivable41€10k€0▼
Cash at bank and in hand54/58€24k€53k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.03M€1.04M▲
Equity10/15€434k€405k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€424k€395k▼
Amounts payable17/49€601k€639k▲
Amounts payable after more than one year17€515k€461k▼
Financial debts170/4€243k€209k▼
Other amounts payable178/9€272k€252k▼
Amounts payable within one year42/48€69k€162k▲
Current portion of amounts payable after more than one year42€40k€40k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€27k€15k▼
Taxes450/3€27k€15k▼
Remuneration and social security454/9€89€89=
Other amounts payable47/48-€103k
Accrued charges and deferred income492/3€17k€16k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k=
Other operating charges640/8€949€1k▲
Gross operating margin9900€67k€55k▼
Operating profit (loss)9901€57k€44k▼
Financial income75/76B€52k€307k▲
Recurring financial income75€52k€307k▲
Financial charges65/66B€10k€7k▼
Recurring financial charges65€10k€7k▼
Profit (loss) for the period before taxes9903€99k€345k▲
Income taxes67/77€10k€9k▼
Profit (loss) for the period9904€88k€336k▲
Profit (loss) for the period to be appropriated9905€88k€336k▲
Appropriation of the result
Profit (loss) to be appropriated9906€424k€759k▲
Profit (loss) brought forward from the previous period14P€336k€424k▲
Profit to be distributed694/7-€364k
Return on contributions (dividend)694-€364k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €336k ▲281%
Net result €336k, the highest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €256k ▲229%
2 profitable years in a row build equity to €256k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 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, Verviers · 1 establishment unit since 2020
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 Victor Close 524800 VerviersGround area
9,553 m²
Building footprint
1,015 m²
Volume, LiDAR
5,301 m³
2 parcels, Wallonia · tallest building 15.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GRFR
since 20202.307.696.712
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63077C0529/00B000 | Wallonia | 5,795 m² | 1 · 780 m² | 6.0 m · 2 fl. |
| 63576A0055/00B003 | Wallonia | 3,758 m² | 1 · 235 m² | 15.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
DE BAUTER
BE 0829.346.832
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WASHBURN CONSULTING GROUP
BE 0465.837.550
Mol · Eq €405k
VIGINTI
BE 0878.721.317
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ALYA
BE 0454.306.428
Jette · Eq €405k
JANICK MAERTENS
BE 0778.489.336
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 36,280 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-2020
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.