GRIND24
ActiveThe computed 12-month bankruptcy probability of GRIND24 is 1.5% (moderate). The 2024 annual accounts show equity of €100k and a net result of €16k. Equity is growing by ~28% per year across the filed fiscal years. Its solvency ranks better than 95% of 15869 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▲+5
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 20.68 against 14.52 in 2023; short-term debt: 4.7% and cash: 40.6% of total assets), and 4.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
48 d early
2022
25 d early
2021
18 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€100k▲ 18.5%
2023 · €84k
2021: €38k
2022: €63k
2023: €84k
2021 → 2024
Total assets
€104k▲ 15.7%
2023 · €90k
2021: €54k
2022: €80k
2023: €90k
2021 → 2024
Net result
€16k▲ 64.1%
2023 · €9k
2021: €36k
2022: €25k
2023: €9k
2021 → 2024
Working capital
€97k▲ 20.8%
2023 · €80k
2021: €33k
2022: €58k
2023: €80k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€38k-€63k▲ 65.5%€84k▲ 32.8%€100k▲ 18.5%
Operating result€46k-€32k▼ 30.8%€20k▼ 37.6%€23k▲ 14.4%
Net result€36k-€25k▼ 29.9%€9k▼ 62.2%€16k▲ 64.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 14% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €104k
Fixed assets
€3k▼ 38.0%
Current assets
€102k▲ 18.2%
Equity and liabilities €104k
Equity
€100k▲ 18.5%
Debt
€5k▼ 21.7%
The debt ratio falls from 7.0% to 4.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▲
2023 · €21k
Cash flow
€17k▲
2023 · €11k
Solvency
95.3%▲
2023 · 93.0%
Current ratio
20.68▲
2023 · 14.52
Quick ratio
20.50▲
2023 · 14.34
Debt / equity
0.05▼
2023 · 0.07
ROE
15.6%▲
2023 · 11.3%
ROA
14.9%▲
2023 · 10.5%
Interest coverage
75.16▼
2023 · 87.76
Debt
€5k▼
2023 · €6k
Debt ≤ 1 year
€5k▼
2023 · €6k
Income taxes
€7k▼
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€90k€104k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€4k€3k▼
Current assets29/58€86k€102k▲
Stocks and contracts in progress3€1k€869▼
Stocks30/36€1k€869▼
Amounts receivable within one year40/41€35k€58k▲
Other amounts receivable41€35k€58k▲
Cash at bank and in hand54/58€43k€42k▼
Deferred charges and accrued income490/1€6k€432▼
Equity and liabilities
Total equity and liabilities10/49€90k€104k▲
Equity10/15€84k€100k▲
Contributions10/11€3k€3k=
Reserves13€11k€11k=
Distributable reserves133€11k€11k=
Profit (loss) carried forward14€70k€86k▲
Amounts payable17/49€6k€5k▼
Amounts payable within one year42/48€6k€5k▼
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€374€2k▲
Suppliers440/4€374€2k▲
Taxes, remuneration and social security45€3k€352▼
Taxes450/3-€352
Remuneration and social security454/9€3k-
Accrued charges and deferred income492/3€356-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€62€158▲
Gross operating margin9900€22k€25k▲
Operating profit (loss)9901€20k€23k▲
Financial charges65/66B€245€324▲
Recurring financial charges65€245€324▲
Profit (loss) for the period before taxes9903€20k€22k▲
Income taxes67/77€10k€7k▼
Profit (loss) for the period9904€9k€16k▲
Profit (loss) for the period to be appropriated9905€9k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€70k€86k▲
Profit (loss) brought forward from the previous period14P€61k€70k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €9k ▼62.2%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 14.52
Current ratio from 4.43 to 14.52; short-term debt falls from €17k to €6k.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Maasmechelen · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tulpenstraat(M) 373630 MaasmechelenGround area
686 m²
Building footprint
174 m²
Volume, LiDAR
1,119 m³
Parcel 73048E0254/00E000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GRIND24
since 20212.311.458.926
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048E0254/00E000 | Flanders | 686 m² | 1 · 174 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteMaasmechelen2.311.458.926
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SIRIS
BE 0760.307.081
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JOSSAN
BE 0456.175.756
Zoersel · Eq €99k
FOOD MADE IN ITALY
BE 0733.649.008
Brussel · Eq €100k
Wim De Baets
BE 0551.990.277
Zulte · Eq €100k
A.R.O. DISTRIBUTIONS
BE 0437.430.507
Herstal · Eq €100k
Of 1,642 companies in sector 46170 we hold annual accounts for 671. 465 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-2020
Fiscal year end31-12
Activities, NACEBEL
46170Agents in the wholesale of food, beverages and tobacco
47279Other retail sale of food
47299Retail trade
82990Other business support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:fatima24john@telenet.be