GRIGNARD
ActiveSummary
GRIGNARD has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €235,570 and a net result of €29,558. Equity is growing by ~30.2% per year across the filed fiscal years. Its solvency ranks better than 86% of 1119 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.25 in 2023; short-term debt: 20.5% and cash: 4.1% of total assets), and 20.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-06-2025, 58 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
27 d late
2022
67 d early
2021
19 d late
2020
30 d late
2019
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€29,558▼ 22.5%
2023 · €38,124
Working capital
-€14,947▲ 66.5%
2023 · -€44,624
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€22,843▲ 95.4%€17,865▼ 21.8%€17,113▼ 4.2%€16,235▼ 5.1%€16,462▲ 1.4%
Net result€57,510within the sector's middle half▲ 564%€57,398within the sector's middle half▼ 0.2%€34,303within the sector's middle half▼ 40.2%€38,124within the sector's middle half▲ 11.1%€29,558within the sector's middle half▼ 22.5%
Equity€80,687within the sector's middle half▲ 248%€138,085within the sector's middle half▲ 71.1%€172,388within the sector's middle half▲ 24.8%€210,512above the sector's middle half▲ 22.1%€235,570within the sector's middle half▲ 11.9%
Total assets€282,470within the sector's middle half▲ 7.0%€282,691within the sector's middle half▲ 0.1%€267,333within the sector's middle half▼ 5.4%€269,947within the sector's middle half▲ 1.0%€296,287below the sector's middle half▲ 9.8%
Debt€201,783▼ 16.2%€144,606▼ 28.3%€94,945▼ 34.3%€59,435▼ 37.4%€60,717▲ 2.2%
Working capital-€182,411below the sector's middle half▲ 19.6%-€125,442below the sector's middle half▲ 31.2%-€87,367below the sector's middle half▲ 30.4%-€44,624below the sector's middle half▲ 48.9%-€14,947below the sector's middle half▲ 66.5%
Solvency28.6%within the sector's middle half▲ 19.8pp48.8%within the sector's middle half▲ 20.3pp64.5%within the sector's middle half▲ 15.6pp78.0%above the sector's middle half▲ 13.5pp79.5%above the sector's middle half▲ 1.5pp
Current ratio0.07below the sector's middle half▲ 0.010.13below the sector's middle half▲ 0.060.08below the sector's middle half▼ 0.050.25below the sector's middle half▲ 0.170.75below the sector's middle half▲ 0.50
Return on assets (ROA)20.4%above the sector's middle half▲ 17.1pp20.3%above the sector's middle half▼ 0.1pp12.8%within the sector's middle half▼ 7.5pp14.1%within the sector's middle half▲ 1.3pp10.0%within the sector's middle half▼ 4.1pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €296,287
Fixed assets
€250,517 ▼ 1.8%
Current assets
€45,770 ▲ 209%
Equity and liabilities €296,287
Equity
€235,570 ▲ 11.9%
Debt
€60,717 ▲ 2.2%
Debt's share of the balance-sheet total falls from 22.0% to 20.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21,081▲
2023 · €20,854
Cash flow
€34,177▼
2023 · €42,743
Debt to equity
0.26▼
2023 · 0.28
ROE
12.5%▼
2023 · 18.1%
Interest coverage
98.43▼
2023 · 122.05
Debt ≤ 1 year
€60,717▲
2023 · €59,435
Income taxes
€7,249▼
2023 · €7,940
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,102 | €4,619 | €4,619 | €4,619 | €4,619 | = |
| Other operating charges640/8 | - | €348 | €348 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €27,293 | €22,832 | €22,080 | €21,238 | €21,468 | ▲ 1.1% |
| Operating profit (loss)9901 | €22,843 | €17,865 | €17,113 | €16,235 | €16,462 | ▲ 1.4% |
| Financial income75/76B | - | €50,000 | €25,000 | €30,000 | €20,560 | ▼ 31.5% |
| Recurring financial income75 | €45,000 | €50,000 | €25,000 | €30,000 | €20,560 | ▼ 31.5% |
| Financial charges65/66B | - | €242 | €30 | €171 | €214 | ▲ 25.3% |
| Recurring financial charges65 | €267 | €242 | €30 | €171 | €214 | ▲ 25.3% |
| Profit (loss) for the period before taxes9903 | €67,576 | €67,623 | €42,083 | €46,064 | €36,807 | ▼ 20.1% |
| Income taxes67/77 | €10,066 | €10,225 | €7,780 | €7,940 | €7,249 | ▼ 8.7% |
| Profit (loss) for the period9904 | €57,510 | €57,398 | €34,303 | €38,124 | €29,558 | ▼ 22.5% |
| Profit (loss) for the period to be appropriated9905 | €57,510 | €57,398 | €34,303 | €38,124 | €29,558 | ▼ 22.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €282,470 | €282,691 | €267,333 | €269,947 | €296,287 | ▲ 9.8% |
| Fixed assets21/28 | €268,994 | €264,375 | €259,756 | €255,137 | €250,517 | ▼ 1.8% |
| Tangible fixed assets22/27 | €18,994 | €14,375 | €9,756 | €5,137 | €517 | ▼ 89.9% |
| Furniture and vehicles24 | - | €14,375 | €9,756 | €5,137 | €517 | ▼ 89.9% |
| Financial fixed assets28 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Current assets29/58 | €13,476 | €18,317 | €7,578 | €14,810 | €45,770 | ▲ 209% |
| Amounts receivable within one year40/41 | €6,050 | €6,050 | €6,284 | €6,110 | €33,705 | ▲ 452% |
| Trade receivables40 | - | €6,050 | €6,050 | €6,050 | €6,050 | = |
| Other amounts receivable41 | - | - | €234 | €60 | €27,655 | ▲ 45,992% |
| Cash at bank and in hand54/58 | €6,976 | €12,267 | €1,294 | €8,700 | €12,065 | ▲ 38.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €282,470 | €282,691 | €267,333 | €269,947 | €296,287 | ▲ 9.8% |
| Equity10/15 | €80,687 | €138,085 | €172,388 | €210,512 | €235,570 | ▲ 11.9% |
| Contributions10/11 | - | €18,630 | €18,630 | €18,630 | €18,630 | = |
| Reserves13 | €62,000 | €119,400 | €153,600 | €191,600 | €216,600 | ▲ 13.0% |
| Distributable reserves133 | - | €119,400 | €153,600 | €191,600 | €216,600 | ▲ 13.0% |
| Profit (loss) carried forward14 | €57 | €55 | €158 | €282 | €340 | ▲ 20.6% |
| Amounts payable17/49 | €201,783 | €144,606 | €94,945 | €59,435 | €60,717 | ▲ 2.2% |
| Amounts payable after more than one year17 | €5,896 | €847 | - | - | - | - |
| Financial debts170/4 | - | €847 | - | - | - | - |
| Amounts payable within one year42/48 | €195,887 | €143,759 | €94,945 | €59,435 | €60,717 | ▲ 2.2% |
| Current portion of amounts payable after more than one year42 | - | €5,049 | €847 | - | - | - |
| Trade debts44 | €1,389 | €1,989 | €1,992 | €934 | €1,808 | ▲ 93.6% |
| Suppliers440/4 | - | €1,989 | €1,992 | €934 | €1,808 | ▲ 93.6% |
| Taxes, remuneration and social security45 | - | €9,698 | €4,856 | €3,453 | €3,909 | ▲ 13.2% |
| Taxes450/3 | - | €9,698 | €4,856 | €3,453 | €3,909 | ▲ 13.2% |
| Other amounts payable47/48 | - | €127,022 | €87,250 | €55,047 | €55,000 | ▼ 0.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57,510 | €57,398 | €34,303 | €38,124 | €29,558 | ▼ 22.5% |
| + Depreciation and write-downs630 | €4,102 | €4,619 | €4,619 | €4,619 | €4,619 | = |
| Operating cash flow (approximation) | €61,612 | €62,017 | €38,922 | €42,743 | €34,177 | ▼ 20.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €5,291 | -€10,973 | €7,406 | €3,365 | ▼ 54.6% |
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
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Equity above €200,000Eq €210,512 ▲22.1%
5 profitable years in a row build equity to €210,512.
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €150,000Eq €172,388 ▲24.8%
4 profitable years in a row build equity to €172,388.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
31-12
Financial
Equity above €100,000Eq €138,085 ▲71.1%
3 profitable years in a row build equity to €138,085.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €57,510 ▲564%
Operating result €22,843, net result €57,510, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
31-12
Financial
Back to profitnet €8,665
Net result €8,665 after one loss-making year.
31-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Welkenraedt · 1 establishment unit since 2015
Ground area
157 m²
Building footprint
61 m²
Volume, LiDAR
550 m³
Parcel 63084A0232/00A007, Wallonia · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
J. SIMONIS
since 20152.246.270.273
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63084A0232/00A007 | Wallonia | 157 m² | 1 · 61 m² | 13.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of GRIGNARD and those 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.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 5,034 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0639757857
Registered
30-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.