GRIMOD
Open bankruptcyA bankruptcy procedure is open for GRIMOD according to publications in the Belgian State Gazette; curator: JOKE DE PAEPE.
Summary
The 2022 annual accounts show equity of €35,096 and a net result of -€33,925.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ghent division
- Declared bankrupt
- 11 June 2024
- Supervising judge
- Christophe Longueville
- Official Gazette
- 17-06-2024 (pdf) ↗search the document for 2024/124688
Curator
- Joke De PaepeZeistraat 1A, 9850 Nevelejdp@depaepe-advocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 28-02-2023, 28 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
not filed
2024
not filed
2023
not filed
2022
28 d late
2021
15 d early
2020
26 d late
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 9 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Non-specialised retail sale with food, beverages or tobacco predominating sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
€35,096▼ 49.2%
2021 · €69,021
Total assets
€90,748▼ 6.2%
2021 · €96,747
Net result
-€33,925
2021 · €370
Working capital
€32,022▼ 51.5%
2021 · €66,030
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
Line2019202020212022
Operating result€1,316-€18,679▲ 1,319%-€911-€33,938▼ 3,626%
Net result€619-€16,617▲ 2,585%€370▼ 97.8%-€33,925
Equity€52,034-€68,651▲ 31.9%€69,021▲ 0.5%€35,096▼ 49.2%
Total assets€95,739-€88,238▼ 7.8%€96,747▲ 9.6%€90,748▼ 6.2%
Debt€43,705-€19,587▼ 55.2%€27,727▲ 41.6%€50,435▲ 81.9%
Working capital€49,610-€66,098▲ 33.2%€66,030▼ 0.1%€32,022▼ 51.5%
Staff (FTE)1-1=1=1.2▲ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €33,938 in 2022 against €911 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €90,748
Fixed assets
€8,930 ▲ 199%
Current assets
€81,818 ▼ 12.7%
Equity and liabilities €90,748
Equity
€35,096 ▼ 49.2%
Provisions
€5,218
Debt
€50,435 ▲ 81.9%
Debt's share of the balance-sheet total rises from 28.7% to 55.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€32,644▼
2021 · €641
Cash flow
-€32,631▼
2021 · €1,922
Current ratio
1.64▼
2021 · 3.38
Quick ratio
0.97▼
2021 · 2.18
Debt to equity
1.44
ROE
-96.7%▼
2021 · 0.5%
ROA
-37.4%▼
2021 · 0.4%
Interest coverage
-55.35
Debt ≤ 1 year
€49,797▲
2021 · €27,727
Staff costs
€60,759
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €60,759 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €890 | €1,231 | €1,552 | €1,294 | ▼ 16.6% |
| Other operating charges640/8 | - | - | - | €3,829 | - |
| Non-recurring operating charges66A | - | - | - | €5,218 | - |
| Gross operating margin9900 | €50,177 | €66,446 | €49,252 | €37,163 | ▼ 24.5% |
| Operating profit (loss)9901 | €1,316 | €18,679 | -€911 | -€33,938 | ▼ 3,626% |
| Financial income75/76B | - | - | - | €603 | - |
| Recurring financial income75 | €767 | €941 | €1,938 | €603 | ▼ 68.9% |
| Financial charges65/66B | - | - | - | €590 | - |
| Recurring financial charges65 | €1,049 | €325 | €541 | €590 | ▲ 9.0% |
| Profit (loss) for the period before taxes9903 | €1,034 | €19,295 | €486 | -€33,925 | ▼ 7,078% |
| Income taxes67/77 | €415 | €2,677 | €116 | - | - |
| Profit (loss) for the period9904 | €619 | €16,617 | €370 | -€33,925 | ▼ 9,275% |
| Profit (loss) for the period to be appropriated9905 | €619 | €16,617 | €370 | -€33,925 | ▼ 9,275% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €95,739 | €88,238 | €96,747 | €90,748 | ▼ 6.2% |
| Fixed assets21/28 | €2,423 | €2,557 | €2,991 | €8,930 | ▲ 199% |
| Tangible fixed assets22/27 | €2,423 | €2,557 | €2,991 | €8,930 | ▲ 199% |
| Plant, machinery and equipment23 | - | - | - | €8,930 | - |
| Current assets29/58 | €93,316 | €85,682 | €93,756 | €81,818 | ▼ 12.7% |
| Stocks and contracts in progress3 | €30,080 | €31,184 | €33,381 | €33,381 | = |
| Stocks30/36 | - | - | - | €33,381 | - |
| Amounts receivable within one year40/41 | €38,587 | €25,540 | €28,517 | €23,482 | ▼ 17.7% |
| Trade receivables40 | - | - | - | €12,872 | - |
| Other amounts receivable41 | - | - | - | €10,610 | - |
| Cash at bank and in hand54/58 | €24,015 | €26,715 | €30,165 | €22,624 | ▼ 25.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2,331 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €95,739 | €88,238 | €96,747 | €90,748 | ▼ 6.2% |
| Equity10/15 | €52,034 | €68,651 | €69,021 | €35,096 | ▼ 49.2% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - |
| Capital10 | - | - | - | €6,200 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Uncalled capital101 | - | - | - | €12,400 | - |
| Reserves13 | €45,215 | €57,834 | €62,451 | €62,451 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Legal reserve130 | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | €60,591 | - |
| Profit (loss) carried forward14 | €619 | €4,617 | €370 | -€33,555 | ▼ 9,175% |
| Provisions and deferred taxes16 | - | - | - | €5,218 | - |
| Provisions for liabilities and charges160/5 | - | - | - | €5,218 | - |
| Other liabilities and charges164/5 | - | - | - | €5,218 | - |
| Amounts payable17/49 | €43,705 | €19,587 | €27,727 | €50,435 | ▲ 81.9% |
| Amounts payable within one year42/48 | €43,705 | €19,583 | €27,727 | €49,797 | ▲ 79.6% |
| Trade debts44 | €35,972 | €16,862 | €14,591 | €45,500 | ▲ 212% |
| Suppliers440/4 | - | - | - | €45,500 | - |
| Taxes, remuneration and social security45 | - | - | - | €4,297 | - |
| Taxes450/3 | - | - | - | €167 | - |
| Remuneration and social security454/9 | - | - | - | €4,130 | - |
| Accrued charges and deferred income492/3 | - | - | - | €638 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €619 | €16,617 | €370 | -€33,925 | ▼ 9,275% |
| + Depreciation and write-downs630 | €890 | €1,231 | €1,552 | €1,294 | ▼ 16.6% |
| Operating cash flow (approximation) | €1,509 | €17,848 | €1,922 | -€32,631 | ▼ 1,798% |
| Investment in fixed assets (approximation) | - | -€1,364 | -€1,986 | -€7,233 | ▼ 264% |
| Change in cash | - | €2,699 | €3,450 | -€7,541 | ▼ 319% |
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
2024
17-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 11-06-2024
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
30-06
Financial
Weakest financial yearnet -€33,925
Net result drops to -€33,925, the lowest in the series.
16-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-06
Financial
Highest result since 2019net €16,617 ▲2,585%
Operating result €18,679, net result €16,617, both a record.
30-06
Financial
Liquidity doublescurrent ratio 4.38
Current ratio from 2.14 to 4.38; short-term debt falls from €43,705 to €19,583.
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
2016
26-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
06-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
15-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 15 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Gent · 1 establishment unit since 2008
Ground area
173 m²
Building footprint
164 m²
Volume, LiDAR
1,460 m³
Parcel 44809I0705/00M003, Flanders · tallest building 23.2 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
GRIMOD
since 20082.171.702.712
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0705/00M003 | Flanders | 173 m² | 1 · 164 m² | 23.2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JOKE DE PAEPE ZEISTRAAT 1A, 9850 NEVELE- |
11-06-2024 → present |
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.171.702.712
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 4,505 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
Founded20-06-2008
Fiscal year end30-06
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
10890Manufacture of food products
46321Wholesale of meat and meat products, excluding game and poultry
47221Retail sale of meat and meat products, excluding game and poultry
47241Retail sale of bread and pastry (bakery outlets)
47251Retail sale of wines and spirits
47279Other retail sale of food
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.