GRIDctrl
ActiveSummary
The computed 12-month bankruptcy probability of GRIDctrl is 3.0% (moderate). The 2024 annual accounts show equity of €16k and a net result of €11k. Its solvency ranks better than 13% of 36375 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▲+3
Solvency32▲+2
Growth78
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.87 against 1.05 in 2023; short-term debt: 92.6% and cash: 7.2% of total assets), and 92.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
7.4%
Return on assets
5.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
41 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€16k▲ 221%
2023 · €5k
2023: €5k
2023 → 2024
Total assets
€220k▲ 138%
2023 · €93k
2023: €93k
2023 → 2024
Net result
€11k▲ 437%
2023 · €2k
2023: €2k
2023 → 2024
Working capital
€-26k
2023 · €4k
2023: €4k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€5k-€16k▲ 221%
Operating result€3k-€14k▲ 363%
Net result€2k-€11k▲ 437%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 363% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €220k
Fixed assets
€42k
Current assets
€178k
Equity and liabilities €220k
Equity
€16k ▲ 221%
Debt
€204k ▲ 133%
Debt's share of the balance-sheet total falls from 94.5% to 92.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▲
2023 · €3k
Cash flow
€13k▲
2023 · €2k
Current ratio
0.87▼
2023 · 1.05
Debt to equity
12.51▼
2023 · 17.21
ROE
68.8%▲
2023 · 41.1%
ROA
5.1%▲
2023 · 2.3%
Interest coverage
53.35▲
2023 · 10.90
Debt ≤ 1 year
€204k▲
2023 · €87k
Income taxes
€3k▲
2023 · €700
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 · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€93k€220k▲
Formation expenses20€956€718▼
Fixed assets21/28-€42k
Intangible fixed assets21-€42k
Current assets29/58€92k€178k▲
Amounts receivable within one year40/41€62k€162k▲
Trade receivables40€58k€161k▲
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€30k€16k▼
Equity and liabilities
Total equity and liabilities10/49€93k€220k▲
Equity10/15€5k€16k▲
Contributions10/11€3k€3k=
Reserves13€2k€13k▲
Distributable reserves133€2k€13k▲
Amounts payable17/49€88k€204k▲
Amounts payable within one year42/48€87k€204k▲
Trade debts44€43k€156k▲
Suppliers440/4€43k€156k▲
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€700€4k▲
Remuneration and social security454/9€1k-
Other amounts payable47/48€43k€44k▲
Accrued charges and deferred income492/3€220-
Income statement
Code20232024
Remuneration, social security and pensions62€3k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€236€2k▲
Other operating charges640/8€352€1k▲
Gross operating margin9900€7k€17k▲
Operating profit (loss)9901€3k€14k▲
Financial charges65/66B€306€302▼
Recurring financial charges65€306€302▼
Profit (loss) for the period before taxes9903€3k€14k▲
Income taxes67/77€700€3k▲
Profit (loss) for the period9904€2k€11k▲
Profit (loss) for the period to be appropriated9905€2k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€11k▲
Transfer to equity691/2€2k€11k▲
To other reserves6921€2k€11k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
NBB filing
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, Wetteren · 1 establishment unit since 2023
Ground area
743 m²
Building footprint
167 m²
Volume, LiDAR
1,109 m³
Parcel 42025G0937/00R000, Flanders · tallest building 19.8 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Group Projecten
since 20232.341.649.878
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025G0937/00R000 | Flanders | 743 m² | 1 · 167 m² | 19.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categoryGroup Projecten BV42635
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 6,737 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
33200Installation of industrial machinery and equipment
42220Construction of utility projects for electricity and telecommunications
43212Electrical installation work in industrial facilities
43240Other construction installation
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.