GRIFFION
ActiveGRIFFION has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.24M and a net result of €66k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 52% of 16974 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
76
/ 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
Profitability73=
Solvency87▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.3 in 2024; short-term debt: 19.7% and cash: 1.8% of total assets), and 38% 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○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
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
62%
Return on assets
3.3%
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
7 d early
2023
33 d early
2022
7 d early
2021
12 d early
2020
11 d early
2019
4 d early
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.24M▲ 5.7%
2024 · €1.17M
2018: €564k
2019: €594k
2020: €680k
2021: €951k
2022: €1.03M
2023: €1.11M
2024: €1.17M
2018 → 2025
Total assets
€1.99M▲ 7.7%
2024 · €1.85M
2018: €621k
2019: €1.18M
2020: €1.22M
2021: €1.51M
2022: €1.54M
2023: €1.58M
2024: €1.85M
2018 → 2025
Net result
€66k▲ 8.0%
2024 · €61k
2018: €101k
2019: €101k
2020: €86k
2021: €271k
2022: €77k
2023: €79k
2024: €61k
2018 → 2025
Working capital
€-345k▼ 135%
2024 · €-147k
2018: €47k
2019: €87k
2020: €161k
2021: €560k
2022: €562k
2023: €108k
2024: €-147k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€951k-€1.03M▲ 8.1%€1.11M▲ 7.7%€1.17M▲ 5.5%€1.24M▲ 5.7%
Operating result€373k-€115k▼ 69.1%€104k▼ 9.5%€89k▼ 14.4%€105k▲ 17.6%
Net result€271k-€77k▼ 71.5%€79k▲ 1.9%€61k▼ 22.1%€66k▲ 8.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.99M
Fixed assets
€1.95M▲ 8.8%
Current assets
€48k▼ 23.6%
Equity and liabilities €1.99M
Equity
€1.24M▲ 5.7%
Provisions
€59k▼ 3.7%
Debt
€699k▲ 12.6%
The debt ratio rises from 33.5% to 35.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€203k▲
2024 · €190k
Cash flow
€164k▲
2024 · €163k
Solvency
62.0%▼
2024 · 63.2%
Current ratio
0.12▼
2024 · 0.30
Quick ratio
0.12▼
2024 · 0.30
Debt / equity
0.57▲
2024 · 0.53
ROE
5.4%▲
2024 · 5.3%
ROA
3.3%▲
2024 · 3.3%
Interest coverage
9.17▼
2024 · 14.81
Debt
€699k▲
2024 · €621k
Debt ≤ 1 year
€392k▲
2024 · €209k
Debt > 1 year
€307k▼
2024 · €411k
Income taxes
€19k▲
2024 · €17k
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€1.85M€1.99M▲
Fixed assets21/28€1.79M€1.95M▲
Intangible fixed assets21€565€0▼
Tangible fixed assets22/27€1.79M€1.95M▲
Land and buildings22€1.78M€1.93M▲
Plant, machinery and equipment23€5k€7k▲
Furniture and vehicles24€2k€5k▲
Current assets29/58€62k€48k▼
Amounts receivable within one year40/41€8k€6k▼
Trade receivables40€0-
Other amounts receivable41€8k€6k▼
Cash at bank and in hand54/58€48k€36k▼
Deferred charges and accrued income490/1€6k€6k▼
Equity and liabilities
Total equity and liabilities10/49€1.85M€1.99M▲
Equity10/15€1.17M€1.24M▲
Contributions10/11€159k€159k=
Reserves13€1.01M€1.08M▲
Tax-exempt reserves132€182k€176k▼
Distributable reserves133€827k€901k▲
Provisions and deferred taxes16€61k€59k▼
Deferred taxes168€61k€59k▼
Amounts payable17/49€621k€699k▲
Amounts payable after more than one year17€411k€307k▼
Financial debts170/4€411k€307k▼
Amounts payable within one year42/48€209k€392k▲
Current portion of amounts payable after more than one year42€102k€105k▲
Trade debts44€29k€12k▼
Suppliers440/4€29k€12k▼
Taxes, remuneration and social security45€31k€24k▼
Taxes450/3€29k€22k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€47k€251k▲
Accrued charges and deferred income492/3€103€88▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€101k€98k▼
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€0€815▲
Gross operating margin9900€193k€206k▲
Operating profit (loss)9901€89k€105k▲
Financial income75/76B€19€0▼
Recurring financial income75€19€0▼
Financial charges65/66B€13k€22k▲
Recurring financial charges65€13k€22k▲
Profit (loss) for the period before taxes9903€76k€83k▲
Transfer from deferred taxes780€2k€2k▼
Income taxes67/77€17k€19k▲
Profit (loss) for the period9904€61k€66k▲
Transfer from tax-exempt reserves789€7k€7k▼
Profit (loss) for the period to be appropriated9905€69k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€69k€73k▲
Transfer to equity691/2€69k€73k▲
To other reserves6921€69k€73k▲
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €61k ▼22.1%
Net result drops to €61k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €1MEq €1.03M ▲8.1%
5 profitable years in a row build equity to €1.03M.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €271k ▲215%
Operating result €373k, net result €271k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 6.24
Current ratio from 2.60 to 6.24.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Gent · 1 establishment unit since 2000
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.
Wijkbosstraat 59031 GentGround area
509 m²
Building footprint
166 m²
Volume, LiDAR
927 m³
Parcel 44017D0690/00E000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wijkbosstraat 5, 9031 Gent
since 20002.099.479.282
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D0690/00E000 | Flanders | 509 m² | 1 · 166 m² | 8.0 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.
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Of 16,874 companies in sector 62100 we hold annual accounts for 8,779. 3,634 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-03-2000
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
72220
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
Sources
Crossroads Bank for EnterprisesNational Bank · 25 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.