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GRINDWIN

Active
Private limited company (pre-2019)founded 200125 years activeKompellaan 11, 3600 Genk, BelgiumKBO/BCE: BE 0475.838.844
Summary

GRINDWIN has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €364,739 and a net result of -€6,708. Equity is shrinking by ~2.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28920
1 site
Size
€727,682total assets 2026
Staff
2.7 FTE
Equity
€364,739
Loss
-€6,708
Financial health
81 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Accounts 39 days early1 of 3 deeds read
Why 81- 1 change of registered office in 24 months+ Figures for FY 2026 (filed 22-09-2026)+ Founded in 2001+ Size: 2.7 FTE, total assets €727,682Show the evidence

Checked score

Score 2026
81 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 36% of its sector peers (NACE 28, micro)
Financial strength · tick = 2025
Average
Solvency 75-25
equity 50.1% of total assets
Liquidity 34-19
short-term debt 49.9% · cash 7.2%
Profitability 52-21
return on assets -0.9%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (979 companies)
Last 24 months 11-2024: 1.2% 12-2024: 1.2%● unchanged vs 11-2024 01-2025: 1.2%● unchanged vs 12-2024 02-2025: 1.2%● unchanged vs 01-2025 03-2025: 1.2%● unchanged vs 02-2025 04-2025: 1.2%● unchanged vs 03-2025 05-2025: 1.2%● unchanged vs 04-2025 06-2025: 1.2%● unchanged vs 05-2025 07-2025: 1.2%● unchanged vs 06-2025highest value 08-2025: 1.1%▼ -0.1 percentage points vs 07-2025 09-2025: 1.1%● unchanged vs 08-2025 10-2025: 0.3%▼ -0.8 percentage points vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026lowest value 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 1.0%▲ +0.7 percentage points vs 07-2026 09-2026: 0.9%▼ -0.1 percentage points vs 08-2026 10-2026: 0.5%▼ -0.4 percentage points vs 09-2026
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.98 against 6.23 in 2025; short-term debt: 49.9% and cash: 7.2% of total assets), and 49.9% of the assets are financed with debt.
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 (NACE 28, micro): better than 54% on solvency, 25% on liquidity, 31% on profitability and 35% on growth.

The bankruptcy probability was computed on 08-10-2026 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

Five signals.
−lowers risk+raises risk○neutral
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
lowers risk · Figures for FY 2026 (filed 22-09-2026)
NBB · annual accounts
lowers risk · Founded in 2001
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: 2.7 FTE, total assets €727,682
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 22-09-2026, 39 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
39 days early
2025
49 days early
2024
on the day
2023
92 days late
2022
112 days late
2021
190 days late
2020
30 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 48 days after the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 31 October (4 of the last 5 filed years within 92 days of that day).
Companies Code · seven months
Position in the running window
08-10-2026 today31-03-2027 close31-10-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2026 · full…
  2. Appointment: Ivo Swenters (director)Resignation: Erwin Seynaeve (manager) ·…
  3. Annual accounts filedfiscal year 2025 · abbreviated…

Key points

  • Caution: Board changedlatest change 01-07-2026 · 1 in office 1 joined · 1 left View
  • Flemish supportawarded 2022 - 2025 €94,282 View
  • Active since 2001founded 05-10-2001 25 years View

By topic

Financials

Fiscal year
2026
Total assets
€727,682
Loss
-€6,708
Solvency
50.1%
Total assets▲ 67.5%
Net result
20192026
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-10-2027
  1. 31-03-2025Back to profit
  2. 31-10-2024Annual accounts filed
  3. 31-03-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Manufacture of machinery and equipment not elsewhere classifiedNACE 28920
Founded
05-10-2001
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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