GRIMMO
ActiveSummary
GRIMMO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €572,884 and a net result of -€7,476. Equity is shrinking by ~3.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+40
Solvency79▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 18.34 against 18.74 in 2024; short-term debt: 0.8% and cash: 14.5% of total assets), and 46.3% of the assets are financed with debt.
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Signals
Five 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
79 d early
2024
51 d early
2023
30 d late
2022
30 d late
2021
37 d early
2020
19 d late
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 12 days before 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 (2)
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
27-09-2026 today31-12-2026 close31-07-2027 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
-€7,476▲ 54.3%
2024 · -€16,375
Working capital
€146,085▼ 11.5%
2024 · €165,092
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-€55,747▼ 113%€24,881-€11,655-€3,203▲ 72.5%-€17,759▼ 454%
Net result-€62,372▼ 158%€14,275-€23,412-€16,375▲ 30.1%-€7,476▲ 54.3%
Equity€605,881▼ 9.3%€620,148▲ 2.4%€596,736▼ 3.8%€580,360▼ 2.7%€572,884▼ 1.3%
Total assets€1.1m▼ 5.0%€1.1m▲ 1.8%€1.1m▼ 1.8%€1.1m▼ 0.6%€1.1m▼ 4.9%
Debt€448,710▲ 3.3%€465,641▲ 3.8%€479,837▲ 3.0%€500,473▲ 4.3%€463,997▼ 7.3%
Working capital€20,909€130,024▲ 522%€137,080▲ 5.4%€165,092▲ 20.4%€146,085▼ 11.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17,759 in 2025 against €3,203 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€912,334 ▼ 3.7%
Current assets
€154,509 ▼ 11.4%
Equity and liabilities €1.1m
Equity
€572,884 ▼ 1.3%
Provisions
€29,962 ▼ 26.8%
Debt
€463,997 ▼ 7.3%
Debt's share of the balance-sheet total falls from 44.6% to 43.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€17,257▼
2024 · €31,813
Cash flow
€27,540▲
2024 · €18,641
Current ratio
18.34▼
2024 · 18.74
Debt to equity
0.81▼
2024 · 0.86
ROE
-1.3%▲
2024 · -2.8%
ROA
-0.7%▲
2024 · -1.5%
Interest coverage
25.78▲
2024 · 1.32
Debt ≤ 1 year
€8,425▼
2024 · €9,306
Debt > 1 year
€452,922▼
2024 · €488,517
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,594 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,824 | €35,016 | €35,016 | €35,016 | €35,016 | = |
| Other operating charges640/8 | €7,078 | €6,973 | €7,565 | €7,840 | €8,086 | ▲ 3.1% |
| Gross operating margin9900 | -€11,845 | €66,870 | €30,925 | €39,653 | €25,344 | ▼ 36.1% |
| Operating profit (loss)9901 | -€55,747 | €24,881 | -€11,655 | -€3,203 | -€17,759 | ▼ 454% |
| Financial income75/76B | €8 | - | - | - | - | - |
| Recurring financial income75 | €8 | - | - | - | - | - |
| Non-recurring financial income76B | €8 | - | - | - | - | - |
| Financial charges65/66B | €17,585 | €21,557 | €22,709 | €24,124 | €669 | ▼ 97.2% |
| Recurring financial charges65 | €17,585 | €21,557 | €22,709 | €24,124 | €669 | ▼ 97.2% |
| Profit (loss) for the period before taxes9903 | -€73,324 | €3,324 | -€34,364 | -€27,327 | -€18,428 | ▲ 32.6% |
| Transfer from deferred taxes780 | €10,952 | €10,952 | €10,952 | €10,952 | €10,952 | = |
| Profit (loss) for the period9904 | -€62,372 | €14,275 | -€23,412 | -€16,375 | -€7,476 | ▲ 54.3% |
| Transfer from tax-exempt reserves789 | €21,268 | €21,268 | €21,268 | €21,268 | €21,268 | = |
| Profit (loss) for the period to be appropriated9905 | -€41,104 | €35,544 | -€2,144 | €4,893 | €13,792 | ▲ 182% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 4.9% |
| Fixed assets21/28 | €1.1m | €1.0m | €982,366 | €947,350 | €912,334 | ▼ 3.7% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €982,366 | €947,350 | €912,334 | ▼ 3.7% |
| Land and buildings22 | €1.1m | €1.0m | €982,366 | €947,350 | €912,334 | ▼ 3.7% |
| Current assets29/58 | €26,206 | €131,224 | €146,073 | €174,397 | €154,509 | ▼ 11.4% |
| Amounts receivable within one year40/41 | - | - | €1,753 | - | - | - |
| Trade receivables40 | - | - | €1,753 | - | - | - |
| Cash at bank and in hand54/58 | €26,206 | €123,084 | €136,180 | €160,377 | €154,509 | ▼ 3.7% |
| Deferred charges and accrued income490/1 | - | €8,140 | €8,140 | €14,020 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 4.9% |
| Equity10/15 | €605,881 | €620,148 | €596,736 | €580,360 | €572,884 | ▼ 1.3% |
| Contributions10/11 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Capital10 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Issued capital100 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Reserves13 | €547,813 | €526,544 | €505,276 | €484,008 | €462,739 | ▼ 4.4% |
| Non-distributable reserves130/1 | €11,600 | €11,600 | €11,600 | €11,600 | €11,600 | = |
| Legal reserve130 | €11,600 | €11,600 | €11,600 | €11,600 | €11,600 | = |
| Tax-exempt reserves132 | €317,613 | €296,344 | €275,076 | €253,808 | €232,539 | ▼ 8.4% |
| Distributable reserves133 | €218,600 | €218,600 | €218,600 | €218,600 | €218,600 | = |
| Profit (loss) carried forward14 | -€66,932 | -€31,396 | -€33,540 | -€28,647 | -€14,855 | ▲ 48.1% |
| Provisions and deferred taxes16 | €73,769 | €62,817 | €51,866 | €40,914 | €29,962 | ▼ 26.8% |
| Deferred taxes168 | €73,769 | €62,817 | €51,866 | €40,914 | €29,962 | ▼ 26.8% |
| Amounts payable17/49 | €448,710 | €465,641 | €479,837 | €500,473 | €463,997 | ▼ 7.3% |
| Amounts payable after more than one year17 | €426,072 | €447,099 | €465,254 | €488,517 | €452,922 | ▼ 7.3% |
| Other amounts payable178/9 | €426,072 | €447,099 | €465,254 | €488,517 | €452,922 | ▼ 7.3% |
| Amounts payable within one year42/48 | €5,297 | €1,200 | €8,993 | €9,306 | €8,425 | ▼ 9.5% |
| Trade debts44 | €5,297 | €1,127 | €5,127 | €6,906 | €125 | ▼ 98.2% |
| Suppliers440/4 | €5,297 | €1,127 | €5,127 | €6,906 | €125 | ▼ 98.2% |
| Other amounts payable47/48 | - | €73 | €3,866 | €2,400 | €8,300 | ▲ 246% |
| Accrued charges and deferred income492/3 | €17,341 | €17,341 | €5,590 | €2,650 | €2,650 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€62,372 | €14,275 | -€23,412 | -€16,375 | -€7,476 | ▲ 54.3% |
| + Depreciation and write-downs630 | €36,824 | €35,016 | €35,016 | €35,016 | €35,016 | = |
| Operating cash flow (approximation) | -€25,549 | €49,291 | €11,604 | €18,641 | €27,540 | ▲ 47.7% |
| Investment in fixed assets (approximation) | - | €49,756 | €0 | €0 | €0 | - |
| Change in cash | - | €96,878 | €13,095 | €24,198 | -€5,868 | ▼ 124% |
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
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Back to profitnet €14,275
Net result €14,275 after 4 loss-making years.
31-12
Financial
Liquidity times 22current ratio 109.32
Current ratio from 4.95 to 109.32; short-term debt falls from €5,297 to €1,200.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€62,372
Net result drops to -€62,372, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 32current ratio 4.95
Current ratio from 0.16 to 4.95; short-term debt falls from €311,729 to €5,297.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 7 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 11 days late
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, Brussel
Ground area
306 m²
Building footprint
222 m²
Volume, LiDAR
2,487 m³
Parcel 21807G0050/00M000, Brussels · tallest building 28.4 m, ±4 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0050/00M000 | Brussels | 306 m² | 1 · 222 m² | 28.4 m · 4 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.
Identification & contact
Identification
Legal formPublic limited company
Founded27-06-1988
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434734204
Also
9925:BE0434734204
Registered
11-06-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.