Gringo
ActiveSummary
Gringo has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9.3m and a net result of -€315,512. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 9742 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability29▲+2
Solvency67▼-4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500,000 at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.48 in 2023; short-term debt: 30.4% and cash: 1.2% of total assets), and 57.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€315,512
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 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
27 d early
2022
4 d early
2021
19 d early
2020
25 d late
2019
33 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€9.3m▼ 3.3%
2023 · €9.6m
Total assets
€21.9m▲ 4.6%
2023 · €21.0m
Net result
-€315,512▼ 16.1%
2023 · -€271,809
Working capital
-€4.6m▼ 73.2%
2023 · -€2.6m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€196,641▲ 14.8%-€187,084▲ 4.9%-€110,974▲ 40.7%-€117,695▼ 6.1%-€66,264▲ 43.7%
Net result-€103,922below the sector's middle half▲ 74.0%-€282,090below the sector's middle half▼ 171%-€259,066below the sector's middle half▲ 8.2%-€271,809below the sector's middle half▼ 4.9%-€315,512below the sector's middle half▼ 16.1%
Equity€10.8mabove the sector's middle half▼ 1.0%€10.5mabove the sector's middle half▼ 2.6%€10.3mabove the sector's middle half▼ 2.5%€9.6mabove the sector's middle half▼ 6.5%€9.3mabove the sector's middle half▼ 3.3%
Total assets€20.9mabove the sector's middle half▼ 0.3%€20.5mabove the sector's middle half▼ 1.8%€20.0mabove the sector's middle half▼ 2.3%€21.0mabove the sector's middle half▲ 4.8%€21.9mabove the sector's middle half▲ 4.6%
Debt€7.3m▲ 1.4%€7.3m▼ 0.4%€7.2m▼ 2.1%€8.5m▲ 18.3%€9.8m▲ 16.0%
Working capital-€1.4mbelow the sector's middle half▼ 15.9%-€1.6mbelow the sector's middle half▼ 9.4%-€1.7mbelow the sector's middle half▼ 5.7%-€2.6mbelow the sector's middle half▼ 59.2%-€4.6mbelow the sector's middle half▼ 73.2%
Solvency51.8%within the sector's middle half▼ 0.3pp51.4%within the sector's middle half▼ 0.4pp51.3%within the sector's middle half▼ 0.1pp45.8%within the sector's middle half▼ 5.5pp42.3%within the sector's middle half▼ 3.4pp
Current ratio0.69within the sector's middle half▼ 0.020.68within the sector's middle half▼ 0.010.67within the sector's middle half▼ 0.010.48within the sector's middle half▼ 0.190.31below the sector's middle half▼ 0.17
Return on assets (ROA)-0.5%within the sector's middle half▲ 1.4pp-1.4%below the sector's middle half▼ 0.9pp-1.3%below the sector's middle half▲ 0.1pp-1.3%within the sector's middle half=-1.4%within the sector's middle half▼ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €66,264 in 2024 against €117,695 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €21.9m
Fixed assets
€19.8m ▲ 7.1%
Current assets
€2.1m ▼ 14.8%
Equity and liabilities €21.9m
Equity
€9.3m ▼ 3.3%
Provisions
€2.8m ▼ 2.8%
Debt
€9.8m ▲ 16.0%
Debt's share of the balance-sheet total rises from 40.4% to 44.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€516,208▲
2023 · €403,376
Cash flow
€266,960▲
2023 · €249,261
Debt to equity
1.06▲
2023 · 0.88
ROE
-3.4%▼
2023 · -2.8%
Interest coverage
1.51▲
2023 · 1.20
Debt ≤ 1 year
€6.7m▲
2023 · €5.1m
Debt > 1 year
€3.0m▼
2023 · €3.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 825 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
2.8%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 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% | 1.7% |
| 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 75% 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 825 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,392 | €2,541 | €10,274 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €514,540 | €495,026 | €494,873 | €521,071 | €582,472 | ▲ 11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€1,524 | -€1,524 | - | - | - |
| Other operating charges640/8 | - | €58,218 | €96,220 | €101,971 | €125,321 | ▲ 22.9% |
| Non-recurring operating charges66A | - | - | - | €3,040 | - | - |
| Gross operating margin9900 | €395,409 | €364,636 | €478,596 | €508,387 | €641,530 | ▲ 26.2% |
| Operating profit (loss)9901 | -€196,641 | -€187,084 | -€110,974 | -€117,695 | -€66,264 | ▲ 43.7% |
| Financial income75/76B | - | €89,509 | €35,394 | €101,159 | €13,181 | ▼ 87.0% |
| Recurring financial income75 | €276,635 | €89,509 | €35,394 | €101,159 | €13,181 | ▼ 87.0% |
| Financial charges65/66B | - | €248,622 | €247,921 | €336,110 | €342,955 | ▲ 2.0% |
| Recurring financial charges65 | €248,007 | €248,622 | €247,921 | €336,110 | €342,955 | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | -€168,013 | -€346,197 | -€323,501 | -€352,646 | -€396,037 | ▼ 12.3% |
| Transfer from deferred taxes780 | - | €64,704 | €64,704 | €80,880 | €80,525 | ▼ 0.4% |
| Income taxes67/77 | €613 | €597 | €269 | €43 | - | - |
| Profit (loss) for the period9904 | -€103,922 | -€282,090 | -€259,066 | -€271,809 | -€315,512 | ▼ 16.1% |
| Transfer from tax-exempt reserves789 | - | €258,815 | €258,815 | €242,639 | €241,576 | ▼ 0.4% |
| Profit (loss) for the period to be appropriated9905 | €154,892 | -€23,275 | -€252 | -€29,171 | -€73,936 | ▼ 153% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20.9m | €20.5m | €20.0m | €21.0m | €21.9m | ▲ 4.6% |
| Fixed assets21/28 | €17.6m | €17.1m | €16.7m | €18.5m | €19.8m | ▲ 7.1% |
| Tangible fixed assets22/27 | €17.6m | €17.1m | €16.7m | €18.5m | €19.8m | ▲ 7.1% |
| Land and buildings22 | - | €16.6m | €16.1m | €17.9m | €18.6m | ▲ 3.9% |
| Furniture and vehicles24 | - | €2,477 | €1,778 | €1,078 | €378 | ▼ 64.9% |
| Assets under construction and advance payments27 | - | €556,290 | €533,415 | €632,717 | €1.3m | ▲ 98.3% |
| Current assets29/58 | €3.3m | €3.4m | €3.4m | €2.5m | €2.1m | ▼ 14.8% |
| Amounts receivable within one year40/41 | €22,614 | €13,644 | €19,942 | €126,487 | €91,302 | ▼ 27.8% |
| Trade receivables40 | - | €8,360 | €4,521 | €10,765 | €81,517 | ▲ 657% |
| Other amounts receivable41 | - | €5,284 | €15,421 | €115,722 | €9,785 | ▼ 91.5% |
| Current investments50/53 | €3.0m | €3.0m | €3.0m | €1.7m | €1.7m | ▲ 0.1% |
| Cash at bank and in hand54/58 | €246,371 | €262,800 | €249,962 | €617,782 | €270,806 | ▼ 56.2% |
| Deferred charges and accrued income490/1 | - | €44,783 | €37,655 | €34,433 | €50,875 | ▲ 47.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20.9m | €20.5m | €20.0m | €21.0m | €21.9m | ▲ 4.6% |
| Equity10/15 | €10.8m | €10.5m | €10.3m | €9.6m | €9.3m | ▼ 3.3% |
| Contributions10/11 | €2.7m | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Capital10 | - | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Issued capital100 | - | €2.7m | €2.7m | €2.7m | €2.7m | = |
| Reserves13 | €7.3m | €7.0m | €6.7m | €6.1m | €5.9m | ▼ 4.0% |
| Non-distributable reserves130/1 | - | €371,840 | €371,840 | €371,840 | €371,840 | = |
| Legal reserve130 | - | €371,840 | €371,840 | €371,840 | €371,840 | = |
| Tax-exempt reserves132 | - | €6.6m | €6.4m | €5.7m | €5.5m | ▼ 4.2% |
| Profit (loss) carried forward14 | €815,935 | €792,659 | €792,408 | €763,237 | €689,301 | ▼ 9.7% |
| Provisions and deferred taxes16 | €2.7m | €2.7m | €2.6m | €2.9m | €2.8m | ▼ 2.8% |
| Provisions for liabilities and charges160/5 | - | €994,193 | €994,193 | €994,193 | €994,193 | = |
| Environmental obligations163 | - | €994,193 | €994,193 | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €994,193 | €994,193 | = |
| Deferred taxes168 | - | €1.7m | €1.6m | €1.9m | €1.8m | ▼ 4.2% |
| Amounts payable17/49 | €7.3m | €7.3m | €7.2m | €8.5m | €9.8m | ▲ 16.0% |
| Amounts payable after more than one year17 | €2.5m | €2.2m | €2.0m | €3.2m | €3.0m | ▼ 7.3% |
| Financial debts170/4 | - | €2.2m | €2.0m | €3.2m | €3.0m | ▼ 7.3% |
| Amounts payable within one year42/48 | €4.7m | €4.9m | €5.0m | €5.1m | €6.7m | ▲ 30.8% |
| Current portion of amounts payable after more than one year42 | - | €258,667 | €258,667 | €258,667 | €337,987 | ▲ 30.7% |
| Financial debts43 | - | €360,000 | €360,000 | €360,000 | €360,000 | = |
| Other loans439 | - | €360,000 | €360,000 | €360,000 | €360,000 | = |
| Trade debts44 | €8,605 | €89,935 | €46,207 | €16,048 | €64,940 | ▲ 305% |
| Suppliers440/4 | - | €89,935 | €46,207 | €16,048 | €64,940 | ▲ 305% |
| Taxes, remuneration and social security45 | - | €13,031 | €18,563 | €4,410 | €28,303 | ▲ 542% |
| Taxes450/3 | - | €13,031 | €18,563 | €4,410 | €28,303 | ▲ 542% |
| Other amounts payable47/48 | - | €4.2m | €4.3m | €4.5m | €5.9m | ▲ 31.8% |
| Accrued charges and deferred income492/3 | - | €170,843 | €178,289 | €186,588 | €205,626 | ▲ 10.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€103,922 | -€282,090 | -€259,066 | -€271,809 | -€315,512 | ▼ 16.1% |
| + Depreciation and write-downs630 | €514,540 | €495,026 | €494,873 | €521,071 | €582,472 | ▲ 11.8% |
| Operating cash flow (approximation) | €410,617 | €212,936 | €235,807 | €249,261 | €266,960 | ▲ 7.1% |
| Investment in fixed assets (approximation) | - | -€24,953 | -€9,285 | -€2.4m | -€1.9m | ▲ 20.1% |
| Change in cash | - | €16,429 | -€12,839 | €367,820 | -€346,976 | ▼ 194% |
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
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 33 days late
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 51 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
18-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 110 days late
NBB filing
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 1992
Ground area
549 m²
Building footprint
169 m²
Volume, LiDAR
987 m³
Parcel 21673D0083/00R002, Brussels · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
GRINGO NV
since 19922.055.552.239
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0083/00R002 | Brussels | 549 m² | 1 · 169 m² | 10.5 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.
Structure & network
Owners and holdings
1 ownerChain of control
- HOLDING ROODEBEEK
- Gringo
Highest known parent: HOLDING ROODEBEEK. The sources do not say who stands above it.
Owners 1
- HOLDING ROODEBEEKparent99.99%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Kortrijk · Eq €9,320,462
TD IMMO INVEST
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COMPARTIMMO
BE 0432.452.625
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M.K. INVEST
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 1,083 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-11-1991
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445765874
Registered
25-02-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.