GRIGNARD
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
58 d late
2022
28 d late
2021
22 d late
2020
59 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 53 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€15,321▼ 74.2%
2023 · €59,481
Total assets
€161,580▲ 21.3%
2023 · €133,190
Net result
€35,840▲ 8.4%
2023 · €33,064
Working capital
-€4,344
2023 · €43,318
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€58,985▲ 93.7%€59,861▲ 1.5%€48,333▼ 19.3%€49,451▲ 2.3%€52,108▲ 5.4%
Net result€40,914▲ 116%€43,935▲ 7.4%€32,363▼ 26.3%€33,064▲ 2.2%€35,840▲ 8.4%
Equity€25,119▼ 26.6%€44,054▲ 75.4%€46,417▲ 5.4%€59,481▲ 28.1%€15,321▼ 74.2%
Total assets€133,912▲ 26.2%€148,851▲ 11.2%€131,276▼ 11.8%€133,190▲ 1.5%€161,580▲ 21.3%
Debt€108,793▲ 51.3%€104,797▼ 3.7%€84,859▼ 19.0%€73,710▼ 13.1%€146,260▲ 98.4%
Working capital€22,059▼ 33.7%€22,139▲ 0.4%€27,360▲ 23.6%€43,318▲ 58.3%-€4,344
Staff (FTE)2.9▼ 35.6%2.4▼ 17.2%2.1▼ 12.5%2.2▲ 4.8%1.8▼ 18.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 5% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €161,580
Fixed assets
€19,665 ▲ 21.7%
Current assets
€141,915 ▲ 21.3%
Equity and liabilities €161,580
Equity
€15,321 ▼ 74.2%
Debt
€146,260 ▲ 98.4%
Debt's share of the balance-sheet total rises from 55.3% to 90.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€54,756▲
2023 · €52,345
Cash flow
€38,488▲
2023 · €35,958
Current ratio
0.97▼
2023 · 1.59
Quick ratio
0.49▼
2023 · 0.76
Debt to equity
9.55▲
2023 · 1.24
ROE
233.9%▲
2023 · 55.6%
ROA
22.2%▼
2023 · 24.8%
Interest coverage
14.35▲
2023 · 10.66
Debt ≤ 1 year
€146,260▲
2023 · €73,710
Income taxes
€12,453▲
2023 · €11,476
Staff costs
€76,328▼
2023 · €84,032
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,750 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €74,991 | €77,195 | €84,032 | €76,328 | ▼ 9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,684 | €1,783 | €2,894 | €2,894 | €2,648 | ▼ 8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€12,358 | -€6,736 | - | - | - |
| Other operating charges640/8 | - | €769 | €3,772 | €449 | €2,342 | ▲ 421% |
| Gross operating margin9900 | €116,447 | €125,046 | €125,458 | €136,826 | €133,426 | ▼ 2.5% |
| Operating profit (loss)9901 | €58,985 | €59,861 | €48,333 | €49,451 | €52,108 | ▲ 5.4% |
| Financial income75/76B | - | €84 | - | - | - | - |
| Recurring financial income75 | €113 | €84 | - | - | - | - |
| Financial charges65/66B | - | €4,074 | €4,803 | €4,912 | €3,816 | ▼ 22.3% |
| Recurring financial charges65 | €4,511 | €4,074 | €4,803 | €4,912 | €3,816 | ▼ 22.3% |
| Profit (loss) for the period before taxes9903 | €54,587 | €55,871 | €43,530 | €44,539 | €48,293 | ▲ 8.4% |
| Income taxes67/77 | €13,673 | €11,936 | €11,167 | €11,476 | €12,453 | ▲ 8.5% |
| Profit (loss) for the period9904 | €40,914 | €43,935 | €32,363 | €33,064 | €35,840 | ▲ 8.4% |
| Profit (loss) for the period to be appropriated9905 | €40,914 | €43,935 | €32,363 | €33,064 | €35,840 | ▲ 8.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133,912 | €148,851 | €131,276 | €133,190 | €161,580 | ▲ 21.3% |
| Fixed assets21/28 | €3,060 | €21,950 | €19,057 | €16,163 | €19,665 | ▲ 21.7% |
| Tangible fixed assets22/27 | €3,060 | €21,950 | €19,057 | €16,163 | €19,665 | ▲ 21.7% |
| Plant, machinery and equipment23 | - | €2,233 | €1,407 | €580 | - | - |
| Other tangible fixed assets26 | - | €19,717 | €17,650 | €15,582 | €19,665 | ▲ 26.2% |
| Current assets29/58 | €130,852 | €126,901 | €112,219 | €117,028 | €141,915 | ▲ 21.3% |
| Stocks and contracts in progress3 | €43,856 | €60,621 | €58,532 | €61,220 | €70,466 | ▲ 15.1% |
| Stocks30/36 | - | €60,621 | €58,532 | €61,220 | €70,466 | ▲ 15.1% |
| Amounts receivable within one year40/41 | €2,817 | €4,199 | €4,270 | €4,204 | €5,916 | ▲ 40.7% |
| Trade receivables40 | - | €2,517 | €396 | €210 | €1,759 | ▲ 738% |
| Other amounts receivable41 | - | €1,682 | €3,874 | €3,994 | €4,156 | ▲ 4.1% |
| Cash at bank and in hand54/58 | €83,306 | €61,012 | €48,464 | €50,498 | €63,998 | ▲ 26.7% |
| Deferred charges and accrued income490/1 | - | €1,069 | €953 | €1,106 | €1,536 | ▲ 38.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133,912 | €148,851 | €131,276 | €133,190 | €161,580 | ▲ 21.3% |
| Equity10/15 | €25,119 | €44,054 | €46,417 | €59,481 | €15,321 | ▼ 74.2% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €11,860 | €26,860 | €31,860 | €41,860 | €1,860 | ▼ 95.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €25,000 | €30,000 | €40,000 | - | - |
| Profit (loss) carried forward14 | €859 | €4,794 | €2,157 | €5,221 | €1,061 | ▼ 79.7% |
| Amounts payable17/49 | €108,793 | €104,797 | €84,859 | €73,710 | €146,260 | ▲ 98.4% |
| Amounts payable within one year42/48 | €108,793 | €104,762 | €84,859 | €73,710 | €146,260 | ▲ 98.4% |
| Current portion of amounts payable after more than one year42 | - | €15,124 | €8,495 | €1,718 | - | - |
| Trade debts44 | €47,530 | €49,434 | €29,050 | €33,769 | €58,149 | ▲ 72.2% |
| Suppliers440/4 | - | €49,434 | €29,050 | €33,769 | €58,149 | ▲ 72.2% |
| Advances received on contracts in progress46 | - | - | - | €274 | - | - |
| Taxes, remuneration and social security45 | - | €12,805 | €14,314 | €14,949 | €8,111 | ▼ 45.7% |
| Taxes450/3 | - | €5,700 | €1,900 | €1,710 | - | - |
| Remuneration and social security454/9 | - | €7,105 | €12,414 | €13,240 | €8,111 | ▼ 38.7% |
| Other amounts payable47/48 | - | €27,400 | €33,000 | €23,000 | €80,000 | ▲ 248% |
| Accrued charges and deferred income492/3 | - | €35 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,914 | €43,935 | €32,363 | €33,064 | €35,840 | ▲ 8.4% |
| + Depreciation and write-downs630 | €1,684 | €1,783 | €2,894 | €2,894 | €2,648 | ▼ 8.5% |
| Operating cash flow (approximation) | €42,598 | €45,718 | €35,257 | €35,958 | €38,488 | ▲ 7.0% |
| Investment in fixed assets (approximation) | - | -€20,673 | €0 | €0 | -€6,150 | - |
| Change in cash | - | -€22,294 | -€12,548 | €2,034 | €13,500 | ▲ 564% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Highest result since 2018net €43,935 ▲7.4%
Operating result €59,861, net result €43,935, both a record.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 2 days late
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Structure & network
Owners and holdings
1 ownerChain of control
- GRIGNARD
- GRIGNARD
Highest known parent: GRIGNARD. The sources do not say who stands above it.
Owners 1
- GRIGNARDparentSourceaccounts GRIGNARD 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.