GRiNT
ActiveSummary
The computed 12-month bankruptcy probability of GRiNT is 1.6% (moderate). The 2024 annual accounts show equity of €12,309 and a net result of -€590. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 22% of 36377 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability68▲+62
Solvency45▲+4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.91 in 2023; short-term debt: 79.5% and cash: 14.4% of total assets), and 79.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
20.5%
Return on assets
-1%
Age of the figures
21 mo
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 -€590
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 36377 sector peers (2024).
NBB · sector comparisonPosition among 36377 sector peers
Solvency
better than 22%
← weakest
strongest →
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 01-07-2025, 30 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
30 d early
2022
25 d early
2021
31 d early
2020
33 d early
2019
7 d early
← 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 26 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€12,309▼ 4.6%
2023 · €12,899
Total assets
€60,134▼ 27.7%
2023 · €83,165
Net result
-€590▲ 93.1%
2023 · -€8,493
Working capital
-€2,363▲ 62.8%
2023 · -€6,343
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
Line20202021202220232024
Operating result-€29,920€17,764€8,320▼ 53.2%-€7,973-€540▲ 93.2%
Net result-€30,167€17,833€9,424▼ 47.2%-€8,493-€590▲ 93.1%
Equity-€5,866€11,967€21,392▲ 78.8%€12,899▼ 39.7%€12,309▼ 4.6%
Total assets€36,820▼ 54.7%€63,931▲ 73.6%€64,126▲ 0.3%€83,165▲ 29.7%€60,134▼ 27.7%
Debt€42,686▼ 25.1%€51,964▲ 21.7%€42,734▼ 17.8%€70,266▲ 64.4%€47,825▼ 31.9%
Working capital-€5,266€1,091€13,338▲ 1,123%-€6,343-€2,363▲ 62.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €540 in 2024 against €7,973 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €60,134
Fixed assets
€14,672 ▼ 24.0%
Current assets
€45,462 ▼ 28.8%
Equity and liabilities €60,134
Equity
€12,309 ▼ 4.6%
Debt
€47,825 ▼ 31.9%
Debt's share of the balance-sheet total falls from 84.5% to 79.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3,945▲
2023 · -€4,273
Cash flow
€3,895▲
2023 · -€4,793
Current ratio
0.95▲
2023 · 0.91
Quick ratio
0.50▼
2023 · 0.70
Debt to equity
3.89▼
2023 · 5.45
ROE
-4.8%▲
2023 · -65.8%
ROA
-1.0%▲
2023 · -10.2%
Interest coverage
9.56▲
2023 · -3.29
Debt ≤ 1 year
€47,825▼
2023 · €70,201
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €969 | €4,433 | €6,650 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,412 | €2,885 | €3,544 | €3,700 | €4,485 | ▲ 21.2% |
| Other operating charges640/8 | - | €1,579 | €2,528 | €3,294 | €2,343 | ▼ 28.9% |
| Non-recurring operating charges66A | - | - | €312 | - | - | - |
| Gross operating margin9900 | -€26,097 | €23,197 | €19,137 | €5,671 | €6,288 | ▲ 10.9% |
| Operating profit (loss)9901 | -€29,920 | €17,764 | €8,320 | -€7,973 | -€540 | ▲ 93.2% |
| Financial income75/76B | - | €2,182 | €7 | €312 | €363 | ▲ 16.3% |
| Recurring financial income75 | €195 | €2,182 | €7 | €312 | €363 | ▲ 16.3% |
| Financial charges65/66B | - | €566 | €383 | €1,297 | €413 | ▼ 68.2% |
| Recurring financial charges65 | €443 | €566 | €383 | €1,297 | €413 | ▼ 68.2% |
| Profit (loss) for the period before taxes9903 | -€30,167 | €19,380 | €7,944 | -€8,958 | -€590 | ▲ 93.4% |
| Income taxes67/77 | - | €1,547 | -€1,480 | -€465 | - | - |
| Profit (loss) for the period9904 | -€30,167 | €17,833 | €9,424 | -€8,493 | -€590 | ▲ 93.1% |
| Profit (loss) for the period to be appropriated9905 | -€30,167 | €17,833 | €9,424 | -€8,493 | -€590 | ▲ 93.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36,820 | €63,931 | €64,126 | €83,165 | €60,134 | ▼ 27.7% |
| Fixed assets21/28 | €2,115 | €10,966 | €8,179 | €19,307 | €14,672 | ▼ 24.0% |
| Tangible fixed assets22/27 | €1,965 | €10,816 | €8,029 | €19,157 | €14,672 | ▼ 23.4% |
| Land and buildings22 | - | - | - | €14,341 | €12,854 | ▼ 10.4% |
| Plant, machinery and equipment23 | - | €4,728 | €3,448 | €1,743 | €537 | ▼ 69.2% |
| Furniture and vehicles24 | - | €6,088 | €4,581 | €3,073 | €1,281 | ▼ 58.3% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | - | - |
| Current assets29/58 | €34,705 | €52,965 | €55,947 | €63,858 | €45,462 | ▼ 28.8% |
| Stocks and contracts in progress3 | €2,790 | €5,610 | €10,123 | €14,470 | €21,518 | ▲ 48.7% |
| Stocks30/36 | - | €895 | €10,123 | €6,970 | €2,498 | ▼ 64.2% |
| Contracts in progress37 | - | €4,715 | - | €7,500 | €19,020 | ▲ 154% |
| Amounts receivable within one year40/41 | €7,395 | €20,492 | €14,849 | €29,343 | €15,271 | ▼ 48.0% |
| Trade receivables40 | - | €20,492 | €11,842 | €25,369 | €14,841 | ▼ 41.5% |
| Other amounts receivable41 | - | - | €3,007 | €3,974 | €430 | ▼ 89.2% |
| Cash at bank and in hand54/58 | €20,210 | €24,383 | €30,975 | €20,045 | €8,673 | ▼ 56.7% |
| Deferred charges and accrued income490/1 | - | €2,480 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36,820 | €63,931 | €64,126 | €83,165 | €60,134 | ▼ 27.7% |
| Equity10/15 | -€5,866 | €11,967 | €21,392 | €12,899 | €12,309 | ▼ 4.6% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Outside capital11 | - | €20,000 | €20,000 | €20,000 | - | - |
| Other1109/19 | - | €20,000 | €20,000 | €20,000 | - | - |
| Reserves13 | €4,301 | €4,301 | €1,392 | €1,392 | €1,392 | = |
| Non-distributable reserves130/1 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves not available under the articles1311 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Distributable reserves133 | - | €3,301 | €392 | €392 | €392 | = |
| Profit (loss) carried forward14 | -€30,167 | -€12,334 | - | -€8,493 | -€9,083 | ▼ 6.9% |
| Amounts payable17/49 | €42,686 | €51,964 | €42,734 | €70,266 | €47,825 | ▼ 31.9% |
| Amounts payable within one year42/48 | €39,971 | €51,874 | €42,609 | €70,201 | €47,825 | ▼ 31.9% |
| Trade debts44 | €9,506 | €7,114 | €6,304 | €26,913 | €15,406 | ▼ 42.8% |
| Suppliers440/4 | - | €7,114 | €6,304 | €26,913 | €15,406 | ▼ 42.8% |
| Taxes, remuneration and social security45 | - | €13,888 | €8,290 | €4,077 | €246 | ▼ 94.0% |
| Taxes450/3 | - | €13,888 | €8,290 | €4,077 | €246 | ▼ 94.0% |
| Other amounts payable47/48 | - | €30,872 | €28,015 | €39,211 | €32,174 | ▼ 17.9% |
| Accrued charges and deferred income492/3 | - | €90 | €125 | €65 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,167 | €17,833 | €9,424 | -€8,493 | -€590 | ▲ 93.1% |
| + Depreciation and write-downs630 | €1,412 | €2,885 | €3,544 | €3,700 | €4,485 | ▲ 21.2% |
| Operating cash flow (approximation) | -€28,755 | €20,718 | €12,968 | -€4,793 | €3,895 | ▲ 181% |
| Investment in fixed assets (approximation) | - | -€11,736 | -€757 | -€14,828 | €150 | ▲ 101% |
| Change in cash | - | €4,173 | €6,592 | -€10,930 | -€11,372 | ▼ 4.0% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €17,833
Net result €17,833 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€30,167
Net result drops to -€30,167, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €8,169
Net result €8,169 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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-Niklaas · 1 establishment unit since 2016
Ground area
901 m²
Building footprint
211 m²
Volume, LiDAR
997 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GRiNT BVBA
since 20162.258.484.553
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46019A1636/00E000 | Flanders | 581 m² | 1 · 95 m² | 9.8 m · 2 fl. |
| 11056B0877/00P002 | Flanders | 320 m² | 1 · 117 m² | 4.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Of 7,867 companies in sector 43341 we hold annual accounts for 2,664. 1,778 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
Founded09-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43320Joinery installation
43332Laying of wooden floor and wall coverings
47526Retail trade
74130Interior design
Scores and ratios are computed by Checked and are not a credit decision.