GRIMEX
ActiveSummary
GRIMEX has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-692k) and a net result of €-470k. Equity is shrinking by ~44% per year across the filed fiscal years. Its solvency ranks better than 5% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19 against 0.5 in 2024; short-term debt: 302.9% and cash: 0.9% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-202.9%
Return on assets
-137.7%
Age of the figures
15 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-692k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 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
3 d late
2024
4 d late
2023
16 d late
2022
28 d late
2021
41 d early
2020
39 d early
2019
50 d early
← 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 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-692k▼ 211%
2024 · €-223k
2019: €1.12M
2020: €1.14M▲ +1.3% vs 2019highest in 7 years
2021: €843k▼ -26.0% vs 2020
2022: €230k▼ -72.7% vs 2021
2023: €234k▲ +1.9% vs 2022
2024: €-223k▼ -195% vs 2023
2025: €-692k▼ -211% vs 2024lowest in 7 years
2019 → 2025
Total assets
€341k▼ 29.3%
2024 · €483k
2019: €1.55M
2020: €1.53M▼ -1.1% vs 2019
2021: €1.62M▲ +5.5% vs 2020highest in 7 years
2022: €1.27M▼ -21.6% vs 2021
2023: €1.14M▼ -10.1% vs 2022
2024: €483k▼ -57.6% vs 2023
2025: €341k▼ -29.3% vs 2024lowest in 7 years
2019 → 2025
Net result
€-470k▼ 2.9%
2024 · €-457k
2019: €154khighest in 7 years
2020: €65k▼ -57.9% vs 2019
2021: €-296k▼ -555% vs 2020
2022: €-613k▼ -107% vs 2021lowest in 7 years
2023: €4k▲ +101% vs 2022
2024: €-457k▼ -10573% vs 2023
2025: €-470k▼ -2.9% vs 2024
2019 → 2025
Working capital
€-838k▼ 144%
2024 · €-344k
2019: €993k
2020: €1.06M▲ +6.8% vs 2019highest in 7 years
2021: €790k▼ -25.5% vs 2020
2022: €207k▼ -73.8% vs 2021
2023: €145k▼ -30.0% vs 2022
2024: €-344k▼ -337% vs 2023
2025: €-838k▼ -144% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€843k-€230k▼ 72.7%€234k▲ 1.9%€-223k€-692k▼ 211%
2021: €843khighest in 5 years
2022: €230k▼ -72.7% vs 2021
2023: €234k▲ +1.9% vs 2022
2024: €-223k▼ -195% vs 2023
2025: €-692k▼ -211% vs 2024lowest in 5 years
Operating result€-294k-€-609k▼ 107%€22k€-441k€-435k▲ 1.4%
2021: €-294k
2022: €-609k▼ -107% vs 2021lowest in 5 years
2023: €22k▲ +104% vs 2022highest in 5 years
2024: €-441k▼ -2148% vs 2023
2025: €-435k▲ +1.4% vs 2024
Net result€-296k-€-613k▼ 107%€4k€-457k€-470k▼ 2.9%
2021: €-296k
2022: €-613k▼ -107% vs 2021lowest in 5 years
2023: €4k▲ +101% vs 2022highest in 5 years
2024: €-457k▼ -10573% vs 2023
2025: €-470k▼ -2.9% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €435k in 2025 against €441k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €341k
Fixed assets
€146k ▲ 7.1%
Current assets
€196k ▼ 43.6%
Key figures and ratios
EBITDA
€-404k▲
2024 · €-416k
Cash flow
€-439k▼
2024 · €-432k
Solvency
-202.9%▼
2024 · -46.1%
Current ratio
0.19▼
2024 · 0.50
Quick ratio
0.11▼
2024 · 0.36
Debt to equity
-1.49▲
2024 · -3.17
ROA
-137.7%▼
2024 · -94.6%
Interest coverage
-11.33▲
2024 · -23.32
Debt
€1.03M▲
2024 · €705k
Debt ≤ 1 year
€1.03M▲
2024 · €691k
Income taxes
€3
Staff costs
€249k▼
2024 · €257k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€483k€341k▼
Fixed assets21/28€136k€146k▲
Tangible fixed assets22/27€136k€146k▲
Land and buildings22€19k€15k▼
Plant, machinery and equipment23€51k€66k▲
Furniture and vehicles24€804€443▼
Assets under construction and advance payments27€65k€65k=
Current assets29/58€347k€196k▼
Stocks and contracts in progress3€98k€80k▼
Stocks30/36€98k€80k▼
Amounts receivable within one year40/41€225k€112k▼
Trade receivables40€165k€101k▼
Other amounts receivable41€60k€11k▼
Current investments50/53€4k-
Cash at bank and in hand54/58€14k€3k▼
Deferred charges and accrued income490/1€5k€91▼
Equity and liabilities
Total equity and liabilities10/49€483k€341k▼
Equity10/15€-223k€-692k▼
Contributions10/11€20k€20k=
Reserves13€212k€212k=
Tax-exempt reserves132€38k€38k=
Distributable reserves133€175k€175k=
Profit (loss) carried forward14€-455k€-925k▼
Amounts payable17/49€705k€1.03M▲
Amounts payable after more than one year17€7k-
Financial debts170/4€7k-
Amounts payable within one year42/48€691k€1.03M▲
Current portion of amounts payable after more than one year42€13k€7k▼
Trade debts44€421k€438k▲
Suppliers440/4€421k€438k▲
Taxes, remuneration and social security45€23k€20k▼
Remuneration and social security454/9€23k€20k▼
Other amounts payable47/48€233k€568k▲
Accrued charges and deferred income492/3€8k-
Income statement
Code20242025
Non-recurring operating income76A€195k€500▼
Remuneration, social security and pensions62€257k€249k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€31k▲
Other operating charges640/8€5k€9k▲
Non-recurring operating charges66A€14k-
Gross operating margin9900€-140k€-146k▼
Operating profit (loss)9901€-441k€-435k▲
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€18k€36k▲
Recurring financial charges65€18k€36k▲
Profit (loss) for the period before taxes9903€-457k€-470k▼
Income taxes67/77-€3
Profit (loss) for the period9904€-457k€-470k▼
Transfer from tax-exempt reserves789€2k-
Profit (loss) for the period to be appropriated9905€-455k€-470k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-455k€-925k▼
Profit (loss) brought forward from the previous period14P-€-455k
Social balance
Average headcount (FTE)90876.85.2▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €60k | €195k | €500 | ▼ 99.7% |
| Remuneration, social security and pensions62 | - | €206k | €240k | €257k | €249k | ▼ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €27k | €44k | €25k | €31k | ▲ 24.0% |
| Other operating charges640/8 | - | €10k | €17k | €5k | €9k | ▲ 71.5% |
| Non-recurring operating charges66A | - | €124k | - | €14k | - | - |
| Gross operating margin9900 | €-79k | €-242k | €323k | €-140k | €-146k | ▼ 4.4% |
| Operating profit (loss)9901 | €-294k | €-609k | €22k | €-441k | €-435k | ▲ 1.4% |
| Financial income75/76B | - | €2k | €8k | €3k | €1k | ▼ 57.7% |
| Recurring financial income75 | €3k | €2k | €8k | €3k | €1k | ▼ 57.7% |
| Financial charges65/66B | - | €6k | €25k | €18k | €36k | ▲ 99.9% |
| Recurring financial charges65 | €5k | €6k | €25k | €18k | €36k | ▲ 99.9% |
| Profit (loss) for the period before taxes9903 | €-296k | €-613k | €4k | €-457k | €-470k | ▼ 2.9% |
| Income taxes67/77 | - | - | - | - | €3 | - |
| Profit (loss) for the period9904 | €-296k | €-613k | €4k | €-457k | €-470k | ▼ 2.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €2k | - | - |
| Profit (loss) for the period to be appropriated9905 | €-296k | €-613k | €4k | €-455k | €-470k | ▼ 3.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.62M | €1.27M | €1.14M | €483k | €341k | ▼ 29.3% |
| Fixed assets21/28 | €53k | €68k | €110k | €136k | €146k | ▲ 7.1% |
| Tangible fixed assets22/27 | €53k | €68k | €110k | €136k | €146k | ▲ 7.1% |
| Land and buildings22 | - | €17k | €30k | €19k | €15k | ▼ 23.1% |
| Plant, machinery and equipment23 | - | €49k | €79k | €51k | €66k | ▲ 28.4% |
| Furniture and vehicles24 | - | €2k | €1k | €804 | €443 | ▼ 44.8% |
| Assets under construction and advance payments27 | - | - | - | €65k | €65k | = |
| Current assets29/58 | €1.56M | €1.20M | €1.03M | €347k | €196k | ▼ 43.6% |
| Stocks and contracts in progress3 | €82k | €83k | €105k | €98k | €80k | ▼ 18.5% |
| Stocks30/36 | - | €83k | €105k | €98k | €80k | ▼ 18.5% |
| Amounts receivable within one year40/41 | €642k | €1.11M | €877k | €225k | €112k | ▼ 50.2% |
| Trade receivables40 | - | €613k | €641k | €165k | €101k | ▼ 38.6% |
| Other amounts receivable41 | - | €493k | €236k | €60k | €11k | ▼ 82.3% |
| Current investments50/53 | - | - | - | €4k | - | - |
| Cash at bank and in hand54/58 | €17k | €5k | €42k | €14k | €3k | ▼ 77.8% |
| Deferred charges and accrued income490/1 | - | €6k | €6k | €5k | €91 | ▼ 98.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.62M | €1.27M | €1.14M | €483k | €341k | ▼ 29.3% |
| Equity10/15 | €843k | €230k | €234k | €-223k | €-692k | ▼ 211% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €823k | €210k | €214k | €212k | €212k | = |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | €39k | €39k | €38k | €38k | = |
| Distributable reserves133 | - | €168k | €175k | €175k | €175k | = |
| Profit (loss) carried forward14 | - | - | - | €-455k | €-925k | ▼ 103% |
| Amounts payable17/49 | €772k | €1.04M | €905k | €705k | €1.03M | ▲ 46.5% |
| Amounts payable after more than one year17 | - | €45k | €20k | €7k | - | - |
| Financial debts170/4 | - | €45k | €20k | €7k | - | - |
| Amounts payable within one year42/48 | €772k | €992k | €885k | €691k | €1.03M | ▲ 49.7% |
| Current portion of amounts payable after more than one year42 | - | €12k | €12k | €13k | €7k | ▼ 47.9% |
| Financial debts43 | - | €200k | - | - | - | - |
| Credit institutions430/8 | - | €200k | - | - | - | - |
| Trade debts44 | €546k | €701k | €798k | €421k | €438k | ▲ 4.1% |
| Suppliers440/4 | - | €701k | €798k | €421k | €438k | ▲ 4.1% |
| Taxes, remuneration and social security45 | - | €80k | €63k | €23k | €20k | ▼ 13.5% |
| Taxes450/3 | - | €15k | €18k | - | - | - |
| Remuneration and social security454/9 | - | €65k | €44k | €23k | €20k | ▼ 13.5% |
| Other amounts payable47/48 | - | - | €12k | €233k | €568k | ▲ 144% |
| Accrued charges and deferred income492/3 | - | €145 | €298 | €8k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-296k | €-613k | €4k | €-457k | €-470k | ▼ 2.9% |
| + Depreciation and write-downs630 | €25k | €27k | €44k | €25k | €31k | ▲ 24.0% |
| Operating cash flow (approximation) | €-271k | €-586k | €48k | €-432k | €-439k | ▼ 1.7% |
| Investment in fixed assets (approximation) | - | €-42k | €-85k | €-51k | €-41k | ▲ 20.6% |
| Change in cash | - | €-12k | €37k | €-28k | €-11k | ▲ 60.1% |
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
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
16-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 16 days late
2023
30-06
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
30-06
Financial
Weakest financial yearnet €-613k
Net result drops to €-613k, the lowest in the series; recovery starts the following year.
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
12-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
14-12
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.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Oostrozebeke · 1 establishment unit since 1976
Ground area
1,086 m²
Building footprint
226 m²
Volume, LiDAR
1,009 m³
Parcel 37010E0900/03L000, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Vaartstraat 1B, 8780 Oostrozebeke
since 19762.012.977.652
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37010E0900/03L000 | Flanders | 1,085 m² | 1 · 226 m² | 7.1 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostrozebeke2.012.977.652
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Of 958 companies in sector 46319 we hold annual accounts for 610. 425 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
Founded24-12-1976
Fiscal year end30-06
Activities, NACEBEL 2025
46319Wholesale of fruit and vegetables, excluding potatoes
47210Retail sale of fruit and vegetables
Scores and ratios are computed by Checked and are not a credit decision.