GRIFOTRA
ActiveGRIFOTRA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59k and a net result of €41k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 4467 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
81
/ 100
Excellent▲ +61 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency44▲+31
Growth78=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 0.93 in 2024), but 81.8% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
18.2%
Return on assets
12.6%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
31 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€59k▲ 111%
2024 · €28k
2018: €14k
2019: €21k
2020: €26k
2021: €25k
2022: €27k
2023: €28k
2024: €28k
2018 → 2025
Total assets
€322k▼ 42.0%
2024 · €555k
2018: €482k
2019: €398k
2020: €421k
2021: €404k
2022: €492k
2023: €507k
2024: €555k
2018 → 2025
Net result
€41k
2024 · €-203
2018: €-16k
2019: €7k
2020: €5k
2021: €-829
2022: €2k
2023: €1k
2024: €-203
2018 → 2025
Working capital
€134k
2024 · €-11k
2018: €-54k
2019: €-62k
2020: €-70k
2021: €-24k
2022: €-54k
2023: €-69k
2024: €-11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€27k▲ 7.0%€28k▲ 3.9%€28k▼ 0.7%€59k▲ 111%
Operating result€25k-€35k▲ 41.0%€36k▲ 2.7%€42k▲ 15.3%€91k▲ 117%
Net result€-829-€2k€1k▼ 39.6%€-203€41k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 117% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €322k
Fixed assets
€44k▼ 89.0%
Current assets
€278k▲ 76.8%
Equity and liabilities €322k
Equity
€59k▲ 111%
Debt
€263k▼ 50.1%
The debt ratio falls from 95.0% to 81.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€109k▲
2024 · €73k
Cash flow
€59k▲
2024 · €31k
Solvency
18.2%▲
2024 · 5.0%
Current ratio
1.93▲
2024 · 0.93
Quick ratio
1.93▲
2024 · 0.86
Debt / equity
4.48▼
2024 · 18.94
ROE
69.2%▲
2024 · -0.7%
ROA
12.6%▲
2024 · 0.0%
Interest coverage
3.62▲
2024 · 2.31
Debt
€263k▼
2024 · €527k
Debt ≤ 1 year
€144k▼
2024 · €168k
Debt > 1 year
€111k▼
2024 · €354k
Income taxes
€26k▲
2024 · €12k
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€555k€322k▼
Fixed assets21/28€398k€44k▼
Tangible fixed assets22/27€395k€42k▼
Land and buildings22€343k-
Plant, machinery and equipment23€621€3k▲
Furniture and vehicles24€49k€37k▼
Leasing and similar rights25€2k€2k▼
Financial fixed assets28€3k€2k▼
Current assets29/58€157k€278k▲
Stocks and contracts in progress3€12k-
Contracts in progress37€12k-
Amounts receivable within one year40/41€125k€248k▲
Trade receivables40€50k€21k▼
Other amounts receivable41€76k€227k▲
Cash at bank and in hand54/58€17k€27k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€555k€322k▼
Equity10/15€28k€59k▲
Contributions10/11€19k€19k=
Revaluation surpluses12€9k-
Reserves13€2k€37k▲
Tax-exempt reserves132€104€104=
Distributable reserves133€2k€37k▲
Profit (loss) carried forward14€-2k€3k▲
Amounts payable17/49€527k€263k▼
Amounts payable after more than one year17€354k€111k▼
Financial debts170/4€354k€111k▼
Amounts payable within one year42/48€168k€144k▼
Current portion of amounts payable after more than one year42€68k€33k▼
Financial debts43€3k€3k▲
Credit institutions430/8€3k€3k▲
Trade debts44€86k€84k▼
Suppliers440/4€86k€84k▼
Taxes, remuneration and social security45€12k€23k▲
Taxes450/3€12k€23k▲
Other amounts payable47/48-€500
Accrued charges and deferred income492/3€5k€8k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€79k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€18k▼
Other operating charges640/8€6k€6k▼
Non-recurring operating charges66A€382€5k▲
Gross operating margin9900€80k€120k▲
Operating profit (loss)9901€42k€91k▲
Financial income75/76B€2k€6k▲
Recurring financial income75€2k€6k▲
Financial charges65/66B€32k€30k▼
Recurring financial charges65€32k€30k▼
Profit (loss) for the period before taxes9903€12k€67k▲
Income taxes67/77€12k€26k▲
Profit (loss) for the period9904€-203€41k▲
Profit (loss) for the period to be appropriated9905€-203€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€39k▲
Profit (loss) brought forward from the previous period14P€-2k€-2k▼
Transfer to equity691/2-€35k
To other reserves6921-€35k
Profit to be distributed694/7-€500
Directors or managers695-€500
The notes to these accounts (11 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.93
Current ratio from 0.93 to 1.93; short-term debt falls from €168k to €144k.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, De Panne · 1 establishment unit since 2006
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.
Koekuitstraat 298660 De PanneGround area
1,053 m²
Building footprint
353 m²
Volume, LiDAR
1,361 m³
2 parcels, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GRIFOTRA
since 20062.153.815.120
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38343A0863/00A012 | Flanders | 621 m² | 1 · 165 m² | 9.2 m · 1 fl. |
| 38001E1047/00N010 | Flanders | 432 m² | 1 · 188 m² | 6.8 m · 1 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.
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TRODIS TRANSPORT
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VANLUYTEN P.
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ARJO INTERNATIONAAL TRANSPORT
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Of 12,446 companies in sector 49410 we hold annual accounts for 8,086. 6,006 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-03-2006
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.