GRIMMO
ActiveSummary
GRIMMO has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €848,026 and a net result of -€9,585. Equity is shrinking by about 14% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €848,026
- Loss
- -€9,585
- Parent
- WILMARC INVEST · 61.7%
- Arfides NVDirector · permanent representative Paeleman Stefan
- Real Estate Solutions BVDirector · permanent representative Paeleman Bart
- Wilmarc Invest NVDirector · permanent representative Paeleman Marc
Why 86raises riskLast filed accounts filed 74 days late; 2 of the last 3 lateNo main activity registeredlowers riskSize: total assets €2.0mLegal form: public limited companyShow the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small): better than 41% on solvency, 17% on liquidity, 30% on profitability and 34% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 25 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
Financials · financial year 2025, full format
2025 annual accounts filed late (74 days) Filed on 13 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00557804.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €5,413 in 2025 against €11,812 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 8,617 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €5,684 | €5,802 | €6,417 | €7,594 | €6,801 | ▼ 10.4% |
| Gross operating margin9900 | €3,331 | -€12 | €15,074 | €1,796 | €5,285 | €1,477 | -€4,218 | €1,387 | - |
| Operating profit (loss)9901 | -€1,910 | -€5,343 | €9,425 | -€3,888 | -€517 | -€4,940 | -€11,812 | -€5,413 | ▲ 54.2% |
| Financial income75/76B | - | - | - | €72,172 | €73,597 | €93,105 | €124,200 | €55,082 | ▼ 55.7% |
| Recurring financial income75 | €68,151 | €69,518 | €70,933 | €72,172 | €73,597 | €93,105 | €124,200 | €55,082 | ▼ 55.7% |
| Financial charges65/66B | - | - | - | €695 | €146,394 | €75,775 | €71,609 | €59,254 | ▼ 17.3% |
| Recurring financial charges65 | €405 | €416 | €453 | €695 | €625 | €658 | €741 | €6,744 | ▲ 810% |
| Non-recurring financial charges66B | - | - | - | - | €145,769 | €75,116 | €70,868 | €52,510 | ▼ 25.9% |
| Profit (loss) for the period before taxes9903 | -€2,315 | -€5,758 | €8,972 | €67,590 | -€73,315 | €12,390 | €40,780 | -€9,585 | - |
| Income taxes67/77 | - | - | €200 | €18,078 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€2,315 | -€5,758 | €8,773 | €49,511 | -€73,315 | €12,390 | €40,780 | -€9,585 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,315 | -€5,758 | €8,773 | €49,511 | -€73,315 | €12,390 | €40,780 | -€9,585 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.8m | €5.8m | €5.8m | €5.9m | €5.8m | €5.8m | €2.9m | €2.0m | ▼ 29.8% |
| Current assets29/58 | €5.8m | €5.8m | €5.8m | €5.9m | €5.8m | €5.8m | €2.9m | €2.0m | ▼ 29.8% |
| Stocks and contracts in progress3 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 0.1% |
| Stocks30/36 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 0.1% |
| Amounts receivable within one year40/41 | €3.2m | €3.2m | €3.2m | €3.3m | €3.2m | €3.2m | €2.1m | €1.3m | ▼ 37.0% |
| Other amounts receivable41 | - | - | - | €3.3m | €3.2m | €3.2m | €2.1m | €1.3m | ▼ 37.0% |
| Current investments50/53 | - | - | - | - | - | €2.0m | €0.2m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | €0.03m | €0.04m | €0.1m | ▲ 156% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.8m | €5.8m | €5.8m | €5.9m | €5.8m | €5.8m | €2.9m | €2.0m | ▼ 29.8% |
| Equity10/15 | €5.8m | €5.8m | €5.8m | €5.9m | €5.8m | €2.8m | €0.9m | €0.8m | ▼ 1.1% |
| Contributions10/11 | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Capital10 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Issued capital100 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Reserves13 | €5.7m | €5.7m | €5.7m | €5.7m | €5.7m | €2.7m | €0.7m | €0.7m | = |
| Non-distributable reserves130/1 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Legal reserve130 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Distributable reserves133 | - | - | - | €5.7m | €5.7m | €2.7m | €0.7m | €0.7m | = |
| Profit (loss) carried forward14 | -€0.002m | -€0.008m | €0.001m | €0.05m | -€0.02m | -€0.01m | €0.03m | €0.02m | ▼ 31.9% |
| Amounts payable17/49 | €0.002m | €105 | €298 | €0.02m | €0.02m | €3.0m | €2.0m | €1.2m | ▼ 42.2% |
| Amounts payable within one year42/48 | €0.002m | €99 | €254 | €0.02m | €0.02m | €3.0m | €2.0m | €1.2m | ▼ 42.2% |
| Trade debts44 | €0.002m | €99 | €54 | - | €0.02m | €0.003m | €0.001m | €0.002m | ▲ 29.1% |
| Suppliers440/4 | - | - | - | - | €0.02m | €0.003m | €0.001m | €0.002m | ▲ 29.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | - | - | - | - | - |
| Taxes450/3 | - | - | - | €0.02m | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €3.0m | €2.0m | €1.2m | ▼ 42.2% |
| Accrued charges and deferred income492/3 | - | - | - | €80 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.002m | -€0.006m | €0.009m | €0.05m | -€0.07m | €0.01m | €0.04m | -€0.01m | - |
| Operating cash flow (approximation) | -€0.002m | -€0.006m | €0.009m | €0.05m | -€0.07m | €0.01m | €0.04m | -€0.01m | - |
| Change in cash | - | -€0.007m | €0.01m | €0.001m | €0.005m | -€2.0m | €0.01m | €0.06m | ▲ 399% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 13-10-2026 | 2026-00557804 |
| 31-12-2024 | abbreviated format | 30-09-2025 | 2025-00517525 |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00450795 |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00442062 |
| 31-12-2021 | abbreviated format | 10-06-2022 | 2022-20055227 |
| 31-12-2020 | abbreviated format | 27-08-2021 | 2021-54300393 |
| 31-12-2019 | abbreviated format | 05-08-2020 | 2020-38900142 |
| 31-12-2018 | abbreviated format | 27-08-2019 | 2019-50700396 |
| 31-12-2017 | abbreviated format | 28-08-2018 | 2018-50600507 |
| 31-12-2016 | abbreviated format | 29-08-2017 | 2017-49200125 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Permanent representatives 3
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Arfides NV |
|
| Real Estate Solutions BV |
|
| Wilmarc Invest NV |
|
Owners and capital
Owners
2 ownersChain of control
- Stichting Administratiekantoor “Paeleman”NL
- WILMARC INVEST
- GRIMMO
Highest known parent: Stichting Administratiekantoor “Paeleman” (Netherlands). The sources do not say who stands above it.
Owners 2
-
61.7%
-
38.23%
According to the 2025 annual accounts of GRIMMO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 10-01-2024 Capital stated in the deed · €80,600 · 1,402 shares
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-04
Gazette deed
Reappointments: Real Estate Solutions BV, Arfides NV and Wilmarc Invest NVPermanent representatives: Paeleman Bart, Paeleman Stefan and Paeleman Marc7 facts ▸
- General meeting, 02-05-2023
- Director reappointment, Real Estate Solutions BV (director) (2 times)
- Director reappointment, Arfides NV (director) (2 times)
- Director reappointment, Wilmarc Invest NV (director)
- Permanent representative, Paeleman Bart
- Permanent representative, Paeleman Stefan
- Permanent representative, Paeleman Marc
03-04
Gazette deed
MiscellaneousCorrection1 fact ▸
- Correction, “materiële omissie, lezen als volgt” (deed in Dutch)
10-01
Gazette deed
Capital & shares · Amendment of the articles · Resignations & appointmentsCapital · Registered office clause · Power of attorney7 facts ▸
- General meeting, 22-12-2023
- Amendment of the articles (2 times)
- Capital, €80,600
- Registered office clause, “Vorstlaan 292, 1160 Oudergem, Derde besluit” (deed in Dutch)
- Power of attorney, Joost EEMAN
- Power of attorney
- Board meeting, “gedelegeerd bestuurder, bevestiging verlenging mandaat bij (her)benoeming als bestuurder” (deed in Dutch)
Show earlier events
About the unread acts
Of the 14 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21332B0289/00R003 | Brussels | 2,655 m² | 1 · 1,218 m² | 25.9 m · 7 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle bedrijvigheid betreffende onroerende goederen bebouwd of ongebouwd en alle bedrijvigheid betreffende onroerende rechten, dit alles zo…” (deed in Dutch)
5 activities (deed in Dutch)
- Alle bedrijvigheid betreffende onroerende goederen bebouwd of ongebouwd en alle bedrijvigheid betreffende onroerende rechten, dit alles zo voor eigen noodwendigheid of rekening als met het oog op vervreemding of voor rekening of in samenwerking met derden.
- De vennootschap mag aldus - zonder dat deze opsomming beperkend kan zijn - alle onroerende goederen, gebouwen en gronden, aankopen, verkopen, ruilen, huren en verhuren, verkavelen, uitbaten, in waarde brengen, onderhouden, afbreken.
- Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer van onroerende goederen:
- Het beleggen in, het verwerven van, en het beheer van een onroerend vermogen, alsmede alle verhandelingen die van aard zijn om de opbrengst van haar onroerend vermogen te bevorderen, zoals onder meer het onderhoud, de aan- en verkoop, de leasing en de verhuring van deze goederen, alsmede zich borg te stellen voor het goede verloop van verbintenissen aangegaan door personen die, rechtstreeks of onrechtstreeks, het genot zouden hebben of verkrijgen van deze onroerende goederen;
- Het aangaan van leningen en het hypothekeren van haar onroerende goederen teneinde alle verhandelingen mogelijk te maken.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GRIMMO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Brussels Hoofdstedelijke Gewest, oprichten of opheffen bij enkel besluit van het bestuursorgaan van administratieve…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of May at 17:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Een of meer, benoeming vereffenaars” (deed in Dutch)“Alle verrichtingen vermeld in wet, bevoegdheden vereffenaars” (deed in Dutch)