GRIMARNAUD
ActiveSummary
GRIMARNAUD has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €351k and a net result of €43k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 712 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+32
Solvency59=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 5.26 against 2.74 in 2024; short-term debt: 3.8% and cash: 0.2% of total assets), but 66.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
33.9%
Return on assets
4.2%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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
2 d late
2024
26 d late
2023
35 d late
2022
25 d late
2021
12 d late
2020
27 d late
2019
16 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€43k▲ 345%
2024 · €10k
Working capital
€168k▲ 185%
2024 · €59k
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
Line20212022202320242025
Operating result€-63k▼ 1,397%€55k€27k▼ 51.3%€21k▼ 23.0%€57k▲ 177%
Net result€-60k€46k€18k▼ 59.9%€10k▼ 47.2%€43k▲ 345%
Equity€234k▼ 20.4%€280k▲ 19.5%€299k▲ 6.6%€308k▲ 3.2%€351k▲ 14.0%
Total assets€879k▲ 101%€914k▲ 3.9%€917k▲ 0.4%€903k▼ 1.6%€1.04M▲ 15.0%
Debt€508k▲ 9,686%€497k▼ 2.3%€482k▼ 2.9%€458k▼ 5.1%€550k▲ 20.2%
Working capital€60k▲ 56.2%€54k▼ 9.1%€71k▲ 31.1%€59k▼ 17.0%€168k▲ 185%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 177% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.04M
Fixed assets
€831k ▲ 2.6%
Current assets
€208k ▲ 123%
Equity and liabilities €1.04M
Equity
€351k ▲ 14.0%
Provisions
€137k =
Debt
€550k ▲ 20.2%
Debt's share of the balance-sheet total rises from 50.7% to 53.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€61k▲
2024 · €26k
Cash flow
€47k▲
2024 · €15k
Current ratio
5.26▲
2024 · 2.74
Debt to equity
1.56▲
2024 · 1.48
ROE
12.3%▲
2024 · 3.1%
ROA
4.2%▲
2024 · 1.1%
Interest coverage
5.90▲
2024 · 2.48
Debt ≤ 1 year
€39k▲
2024 · €34k
Debt > 1 year
€510k▲
2024 · €424k
Income taxes
€3k▲
2024 · €376
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €5k | €5k | €5k | €4k | ▼ 24.4% |
| Other operating charges640/8 | - | €2k | €5k | €6k | €1k | ▼ 81.9% |
| Non-recurring operating charges66A | - | - | €8k | - | - | - |
| Gross operating margin9900 | €53k | €61k | €44k | €32k | €62k | ▲ 96.5% |
| Operating profit (loss)9901 | €-63k | €55k | €27k | €21k | €57k | ▲ 177% |
| Financial income75/76B | - | €3k | €4k | - | - | - |
| Recurring financial income75 | €3k | €3k | €4k | - | - | - |
| Financial charges65/66B | - | €11k | €10k | €10k | €10k | ▼ 1.0% |
| Recurring financial charges65 | €392 | €11k | €10k | €10k | €10k | ▼ 1.0% |
| Profit (loss) for the period before taxes9903 | €-60k | €46k | €20k | €10k | €47k | ▲ 362% |
| Income taxes67/77 | - | €300 | €2k | €376 | €3k | ▲ 801% |
| Profit (loss) for the period9904 | €-60k | €46k | €18k | €10k | €43k | ▲ 345% |
| Profit (loss) for the period to be appropriated9905 | €-60k | €46k | €18k | €10k | €43k | ▲ 345% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €879k | €914k | €917k | €903k | €1.04M | ▲ 15.0% |
| Fixed assets21/28 | €814k | €831k | €814k | €810k | €831k | ▲ 2.6% |
| Tangible fixed assets22/27 | €604k | €621k | €604k | €600k | €621k | ▲ 3.5% |
| Land and buildings22 | - | €595k | €593k | €590k | €587k | ▼ 0.5% |
| Plant, machinery and equipment23 | - | €10k | €10k | €9k | €8k | ▼ 11.1% |
| Furniture and vehicles24 | - | €16k | €2k | €793 | €26k | ▲ 3,132% |
| Financial fixed assets28 | €210k | €210k | €210k | €210k | €210k | = |
| Current assets29/58 | €66k | €82k | €103k | €93k | €208k | ▲ 123% |
| Amounts receivable after more than one year29 | - | - | - | - | €205k | - |
| Other amounts receivable291 | - | - | - | - | €205k | - |
| Amounts receivable within one year40/41 | €53k | €81k | €102k | €90k | €552 | ▼ 99.4% |
| Trade receivables40 | - | €41k | €25k | €847 | - | - |
| Other amounts receivable41 | - | €41k | €78k | €89k | €552 | ▼ 99.4% |
| Current investments50/53 | €1 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €13k | €886 | €929 | €3k | €2k | ▼ 46.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €879k | €914k | €917k | €903k | €1.04M | ▲ 15.0% |
| Equity10/15 | €234k | €280k | €299k | €308k | €351k | ▲ 14.0% |
| Contributions10/11 | €12k | €12k | €14k | €12k | €12k | = |
| Capital10 | - | €12k | - | €12k | €12k | = |
| Issued capital100 | - | €19k | - | €19k | €19k | = |
| Uncalled capital101 | - | €6k | - | €6k | €6k | = |
| Reserves13 | €2k | €2k | €18k | €20k | €20k | = |
| Non-distributable reserves130/1 | - | €2k | - | €2k | €2k | = |
| Legal reserve130 | - | €2k | - | €2k | €2k | = |
| Distributable reserves133 | - | - | €18k | €18k | €18k | = |
| Profit (loss) carried forward14 | €220k | €266k | €266k | €276k | €319k | ▲ 15.7% |
| Provisions and deferred taxes16 | €137k | €137k | €137k | €137k | €137k | = |
| Provisions for liabilities and charges160/5 | - | €137k | €137k | €137k | €137k | = |
| Pensions and similar obligations160 | - | €137k | €137k | €137k | €137k | = |
| Amounts payable17/49 | €508k | €497k | €482k | €458k | €550k | ▲ 20.2% |
| Amounts payable after more than one year17 | €502k | €469k | €450k | €424k | €510k | ▲ 20.5% |
| Financial debts170/4 | - | €469k | €450k | €424k | €452k | ▲ 6.8% |
| Other amounts payable178/9 | - | - | - | - | €58k | - |
| Amounts payable within one year42/48 | €6k | €28k | €32k | €34k | €39k | ▲ 16.1% |
| Current portion of amounts payable after more than one year42 | - | €24k | €26k | €26k | €35k | ▲ 35.4% |
| Trade debts44 | - | €2k | €2k | €5k | €4k | ▼ 22.5% |
| Suppliers440/4 | - | €2k | €2k | €5k | €4k | ▼ 22.5% |
| Taxes, remuneration and social security45 | - | €2k | €4k | €1k | - | - |
| Taxes450/3 | - | €2k | €4k | €1k | - | - |
| Other amounts payable47/48 | - | - | - | €1k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-60k | €46k | €18k | €10k | €43k | ▲ 345% |
| + Depreciation and write-downs630 | €33k | €5k | €5k | €5k | €4k | ▼ 24.4% |
| Operating cash flow (approximation) | €-27k | €51k | €23k | €15k | €47k | ▲ 213% |
| Investment in fixed assets (approximation) | - | €-23k | €13k | €-793 | €-25k | ▼ 3,065% |
| Change in cash | - | €-12k | €43 | €2k | €-1k | ▼ 167% |
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
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 2 days late
2025
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
06-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 35 days late
2023
25-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
30-06
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
12-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 12 days late
2021
30-06
Financial
Weakest financial yearnet €-60k
Net result drops to €-60k, the lowest in the series; recovery starts the following year.
27-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
30-06
Financial
Liquidity quadruplescurrent ratio 8.37
Current ratio from 1.91 to 8.37; short-term debt falls from €39k to €5k.
16-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 16 days late
2019
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 11 days late
2018
10-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 10 days late
2017
25-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ottignies-Louvain-la-Neuve
Ground area
1,306 m²
Building footprint
279 m²
Volume, LiDAR
1,957 m³
Parcel 25016A0248/02_000, Wallonia · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25016A0248/02_000 | Wallonia | 1,306 m² | 1 · 279 m² | 9.5 m · 2 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.
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,752. 2,441 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 (pre-2019)
Founded30-12-2004
Fiscal year end30-06
Activities, NACEBEL 2025
73110Advertising agencies
64210Activities of holding companies
70200Business and other management consultancy
74140Other specialised design activities
82300Organisation of conventions and trade shows
85531Driving schools for cars and motorcycles
93129Activities of other sports clubs
Scores and ratios are computed by Checked and are not a credit decision.