Summary
GRID Consulting is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2026 annual accounts show equity of €427,682 and a net result of €25,952. Equity is growing by about 7.9% per year across the filed financial years. Its solvency ranks better than 79% of 318 sector peers (NACE 64, financial year 2026). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2026, micro format
Equity
€427,682▲ 6.5%
2025 · €401,730
Net result
€25,952▼ 18.7%
2025 · €31,934
Total assets
€499,812▼ 1.5%
2025 · €507,247
Solvency
85.6%▲ 6.4pp
2025 · 79.2%
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result has fallen two years in a row; 2026 is 21% below 2025.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€42,936
2026
Net result€25,952
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€499,812
2026
Equity€427,682
2026
Debt€43,338
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€181,379
2026
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)5.2%
2026
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency85.6%
2026
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio5.50
2026
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€37,539-€38,502▲ 2.6%€12,413▼ 67.8%€12,616▲ 1.6%€37,479▲ 197%€125,825▲ 236%€54,568▼ 56.6%€42,936▼ 21.3%
Net result€19,655-€22,936▲ 16.7%€6,800within the sector's middle half▼ 70.4%€6,291within the sector's middle half▼ 7.5%€23,548within the sector's middle half▲ 274%€91,133above the sector's middle half▲ 287%€31,934within the sector's middle half▼ 65.0%€25,952▼ 18.7%
Equity€252,028-€274,964▲ 9.1%€248,824within the sector's middle half▼ 9.5%€255,116within the sector's middle half▲ 2.5%€278,663within the sector's middle half▲ 9.2%€369,796within the sector's middle half▲ 32.7%€401,730above the sector's middle half▲ 8.6%€427,682▲ 6.5%
Total assets€385,872-€307,404▼ 20.3%€301,632within the sector's middle half▼ 1.9%€307,568within the sector's middle half▲ 2.0%€354,234within the sector's middle half▲ 15.2%€487,272within the sector's middle half▲ 37.6%€507,247within the sector's middle half▲ 4.1%€499,812▼ 1.5%
Debt€133,844-€32,441▼ 75.8%€52,807▲ 62.8%€52,453▼ 0.7%€75,571▲ 44.1%€86,826▲ 14.9%€75,796▼ 12.7%€43,338▼ 42.8%
Working capital€242,876-€169,640▼ 30.2%€135,063within the sector's middle half▼ 20.4%€149,775above the sector's middle half▲ 10.9%€179,424above the sector's middle half▲ 19.8%€166,773above the sector's middle half▼ 7.1%€153,885above the sector's middle half▼ 7.7%€181,379▲ 17.9%
Solvency65.3%-89.4%▲ 24.1pp82.5%above the sector's middle half▼ 7.0pp82.9%above the sector's middle half▲ 0.5pp78.7%above the sector's middle half▼ 4.3pp75.9%within the sector's middle half▼ 2.8pp79.2%above the sector's middle half▲ 3.3pp85.6%▲ 6.4pp
Current ratio9.01-6.66▼ 2.353.57within the sector's middle half▼ 3.083.96within the sector's middle half▲ 0.383.44within the sector's middle half▼ 0.512.99within the sector's middle half▼ 0.453.17within the sector's middle half▲ 0.185.50▲ 2.33
Return on assets (ROA)5.1%-7.5%▲ 2.4pp2.3%within the sector's middle half▼ 5.2pp2.0%within the sector's middle half▼ 0.2pp6.6%within the sector's middle half▲ 4.6pp18.7%within the sector's middle half▲ 12.1pp6.3%within the sector's middle half▼ 12.4pp5.2%▼ 1.1pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €499,812
Fixed assets
€278,145 ▼ 1.6%
Current assets
€221,667 ▼ 1.3%
Equity and liabilities €499,812
Equity
€427,682 ▲ 6.5%
Provisions
€28,792 ▼ 3.1%
Debt
€43,338 ▼ 42.8%
Debt's share of the balance-sheet total falls from 14.9% to 8.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
6.1%▼
2025 · 7.9%
Debt ≤ 1 year
€40,288▼
2025 · €70,769
Income taxes
€14,241▼
2025 · €17,931
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €31,232 | €122,598 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,999 | €7,580 | €6,415 | €6,961 | €6,957 | €1,290 | €10,091 | €10,934 | ▲ 8.4% |
| Other operating charges640/8 | - | - | - | €1,618 | €1,904 | €1,525 | €534 | €547 | ▲ 2.3% |
| Gross operating margin9900 | €47,677 | €50,117 | €20,691 | €21,195 | €46,339 | €128,639 | €65,193 | €54,417 | ▼ 16.5% |
| Operating profit (loss)9901 | €37,539 | €38,502 | €12,413 | €12,616 | €37,479 | €125,825 | €54,568 | €42,936 | ▼ 21.3% |
| Financial income75/76B | - | - | - | €950 | €966 | €3,394 | €1,380 | €1,394 | ▲ 1.0% |
| Recurring financial income75 | €792 | €950 | €1,325 | €950 | €966 | €3,394 | €1,380 | €1,394 | ▲ 1.0% |
| Financial charges65/66B | - | - | - | €1,846 | €2,622 | €6,637 | €7,011 | €5,066 | ▼ 27.7% |
| Recurring financial charges65 | €3,339 | €3,695 | €1,318 | €1,846 | €2,622 | €6,637 | €7,011 | €5,066 | ▼ 27.7% |
| Profit (loss) for the period before taxes9903 | €34,991 | €35,757 | €12,420 | €11,720 | €35,823 | €122,581 | €48,937 | €39,264 | ▼ 19.8% |
| Transfer from deferred taxes780 | - | - | - | - | - | - | €929 | €929 | = |
| Transfer to deferred taxes680 | - | - | - | - | - | €30,649 | €0 | - | - |
| Income taxes67/77 | €15,336 | €12,822 | €5,619 | €5,429 | €12,275 | €799 | €17,931 | €14,241 | ▼ 20.6% |
| Profit (loss) for the period9904 | €19,655 | €22,936 | €6,800 | €6,291 | €23,548 | €91,133 | €31,934 | €25,952 | ▼ 18.7% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €2,786 | €2,786 | = |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €91,948 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €19,655 | €22,936 | €6,800 | €6,291 | €23,548 | -€816 | €34,720 | €28,738 | ▼ 17.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €385,872 | €307,404 | €301,632 | €307,568 | €354,234 | €487,272 | €507,247 | €499,812 | ▼ 1.5% |
| Fixed assets21/28 | €112,664 | €107,781 | €114,078 | €107,117 | €101,324 | €236,851 | €282,593 | €278,145 | ▼ 1.6% |
| Tangible fixed assets22/27 | €112,664 | €107,781 | €114,078 | €107,117 | €101,324 | €236,851 | €282,593 | €278,145 | ▼ 1.6% |
| Land and buildings22 | - | - | - | €105,103 | €98,818 | €2,512 | €280,177 | €271,089 | ▼ 3.2% |
| Plant, machinery and equipment23 | - | - | - | - | €1,144 | €911 | €678 | €445 | ▼ 34.3% |
| Furniture and vehicles24 | - | - | - | €2,014 | €1,363 | €713 | €1,738 | €6,610 | ▲ 280% |
| Assets under construction and advance payments27 | - | - | - | - | - | €232,715 | €0 | - | - |
| Current assets29/58 | €273,208 | €199,623 | €187,554 | €200,451 | €252,910 | €250,421 | €224,654 | €221,667 | ▼ 1.3% |
| Stocks and contracts in progress3 | €93,500 | €19,102 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €104,638 | €110,494 | €104,609 | €104,473 | €160,038 | €158,368 | €181,105 | €158,164 | ▼ 12.7% |
| Trade receivables40 | - | - | - | €9,473 | €25,038 | €20,112 | €41,670 | €16,601 | ▼ 60.2% |
| Other amounts receivable41 | - | - | - | €95,000 | €135,000 | €138,256 | €139,435 | €141,563 | ▲ 1.5% |
| Cash at bank and in hand54/58 | €69,183 | €63,126 | €73,293 | €89,581 | €84,989 | €81,033 | €39,824 | €59,420 | ▲ 49.2% |
| Deferred charges and accrued income490/1 | - | - | - | €6,397 | €7,883 | €11,020 | €3,725 | €4,083 | ▲ 9.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €385,872 | €307,404 | €301,632 | €307,568 | €354,234 | €487,272 | €507,247 | €499,812 | ▼ 1.5% |
| Equity10/15 | €252,028 | €274,964 | €248,824 | €255,116 | €278,663 | €369,796 | €401,730 | €427,682 | ▲ 6.5% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €239,628 | €262,564 | €236,424 | €242,716 | €266,263 | €357,396 | €389,330 | €415,282 | ▲ 6.7% |
| Tax-exempt reserves132 | - | - | - | - | - | €91,948 | €89,162 | €86,376 | ▼ 3.1% |
| Distributable reserves133 | - | - | - | €242,716 | €266,263 | €265,448 | €300,168 | €328,907 | ▲ 9.6% |
| Provisions and deferred taxes16 | - | - | - | - | - | €30,649 | €29,721 | €28,792 | ▼ 3.1% |
| Deferred taxes168 | - | - | - | - | - | €30,649 | €29,721 | €28,792 | ▼ 3.1% |
| Amounts payable17/49 | €133,844 | €32,441 | €52,807 | €52,453 | €75,571 | €86,826 | €75,796 | €43,338 | ▼ 42.8% |
| Amounts payable after more than one year17 | €103,493 | €2,139 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €30,332 | €29,984 | €52,491 | €50,676 | €73,485 | €83,648 | €70,769 | €40,288 | ▼ 43.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,683 | €0 | - | - | - | - |
| Financial debts43 | - | - | - | - | €1,685 | €1,698 | €0 | - | - |
| Credit institutions430/8 | - | - | - | - | €1,685 | €1,698 | €0 | - | - |
| Trade debts44 | €3,458 | €5,281 | €1,365 | €1,471 | €2,198 | €5,404 | €3,134 | €3,621 | ▲ 15.5% |
| Suppliers440/4 | - | - | - | €1,471 | €2,198 | €5,404 | €3,134 | €3,621 | ▲ 15.5% |
| Taxes, remuneration and social security45 | - | - | - | €3,635 | €16,181 | €18,314 | €14,439 | €3,730 | ▼ 74.2% |
| Taxes450/3 | - | - | - | €1,325 | €13,971 | €18,314 | €14,439 | €3,730 | ▼ 74.2% |
| Remuneration and social security454/9 | - | - | - | €2,310 | €2,210 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €43,887 | €53,422 | €58,232 | €53,196 | €32,938 | ▼ 38.1% |
| Accrued charges and deferred income492/3 | - | - | - | €1,777 | €2,085 | €3,178 | €5,027 | €3,049 | ▼ 39.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,655 | €22,936 | €6,800 | €6,291 | €23,548 | €91,133 | €31,934 | €25,952 | ▼ 18.7% |
| + Depreciation and write-downs630 | €7,999 | €7,580 | €6,415 | €6,961 | €6,957 | €1,290 | €10,091 | €10,934 | ▲ 8.4% |
| Operating cash flow (approximation) | €27,654 | €30,516 | €13,215 | €13,252 | €30,504 | €92,422 | €42,025 | €36,886 | ▼ 12.2% |
| Investment in fixed assets (approximation) | - | -€2,698 | -€12,711 | €0 | -€1,164 | -€136,816 | -€55,833 | -€6,486 | ▲ 88.4% |
| Change in cash | - | -€6,058 | €10,167 | €16,288 | -€4,593 | -€3,955 | -€41,210 | €19,596 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | micro format | 09-09-2026 | 2026-00508968 |
| 31-03-2025 | micro format | 11-09-2025 | 2025-00488874 |
| 31-03-2024 | micro format | 10-09-2024 | 2024-00457919 |
| 31-03-2023 | micro format | 13-09-2023 | 2023-00444941 |
| 31-03-2022 | micro format | 10-10-2022 | 2022-20455569 |
| 31-03-2021 | micro format | 15-09-2021 | 2021-67200005 |
| 31-03-2020 | micro format | 17-09-2020 | 2020-53900212 |
| 31-03-2019 | micro format | 30-09-2019 | 2019-67000048 |
| 31-03-2018 | micro format | 29-10-2018 | 2018-70400544 |
| 31-03-2017 | micro format | 25-09-2017 | 2017-62500087 |
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Of the 24,455 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,124. 13,871 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2025 · 1 entry · €128 awarded · €128 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.