GRISARD PROPERTY
ActiveGRISARD PROPERTY has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82k and a net result of €21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 4533 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▼-6
Solvency36▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.17 against 1.89 in 2024; short-term debt: 44.5% of total assets), but 89.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
10.5%
Return on assets
2.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 4533 sector peers (2025).
NBB · sector comparisonPosition among 4533 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 9 filingsDeviation from the deadline
2025
13 d late
2024
20 d late
2023
20 d late
2022
22 d late
2021
24 d late
2020
20 d late
2019
18 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€21k▼ 70.4%
2024 · €71k
2018: €12k
2019: €47k
2020: €27k
2021: €-181k
2022: €3k
2023: €212
2024: €71k
2018 → 2025
Working capital
€409k▲ 5.9%
2024 · €386k
2018: €430k
2019: €965k
2020: €790k
2021: €295k
2022: €303k
2023: €313k
2024: €386k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-13k-€-10k▲ 21.5%€-10k▲ 2.1%€61k€82k▲ 34.4%
Operating result€-201k-€21k€28k▲ 32.9%€89k▲ 212%€52k▼ 41.7%
Net result€-181k-€3k€212▼ 92.4%€71k▲ 33,479%€21k▼ 70.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €784k
Fixed assets
€26k▼ 11.1%
Current assets
€757k▼ 7.3%
Equity and liabilities €784k
Equity
€82k▲ 34.4%
Debt
€701k▼ 10.7%
The debt ratio falls from 92.8% to 89.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55k▼
2024 · €92k
Cash flow
€24k▼
2024 · €75k
Solvency
10.5%▲
2024 · 7.2%
Current ratio
2.17▲
2024 · 1.89
Quick ratio
1.02▲
2024 · 0.96
Debt / equity
8.51▼
2024 · 12.81
ROE
25.6%▼
2024 · 116.2%
ROA
2.7%▼
2024 · 8.4%
Interest coverage
1.80▲
2024 · 1.60
Debt
€701k▼
2024 · €786k
Debt ≤ 1 year
€349k▼
2024 · €431k
Debt > 1 year
€353k▼
2024 · €354k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€847k€784k▼
Fixed assets21/28€30k€26k▼
Tangible fixed assets22/27€5k€1k▼
Plant, machinery and equipment23€5k€1k▼
Financial fixed assets28€25k€25k=
Current assets29/58€817k€757k▼
Stocks and contracts in progress3€401k€401k=
Stocks30/36€401k€401k=
Amounts receivable within one year40/41€416k€356k▼
Trade receivables40€416k€356k▼
Other amounts receivable41€1€5▲
Equity and liabilities
Total equity and liabilities10/49€847k€784k▼
Equity10/15€61k€82k▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€8k€9k▲
Non-distributable reserves130/1€8k€9k▲
Legal reserve130€8k€9k▲
Profit (loss) carried forward14€-47k€-27k▲
Amounts payable17/49€786k€701k▼
Amounts payable after more than one year17€354k€353k▼
Financial debts170/4€353k€353k=
Advances received on contracts in progress176€2k-
Amounts payable within one year42/48€431k€349k▼
Financial debts43€175k€140k▼
Credit institutions430/8€175k€140k▼
Trade debts44€248k€201k▼
Suppliers440/4€248k€201k▼
Taxes, remuneration and social security45€8k€8k▲
Taxes450/3-€4k
Remuneration and social security454/9€8k€4k▼
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€94k€58k▼
Operating profit (loss)9901€89k€52k▼
Financial income75/76B€49k-
Recurring financial income75€0-
Non-recurring financial income76B€49k-
Financial charges65/66B€58k€31k▼
Recurring financial charges65€58k€31k▼
Profit (loss) for the period before taxes9903€81k€21k▼
Income taxes67/77€9k-
Profit (loss) for the period9904€71k€21k▼
Profit (loss) for the period to be appropriated9905€71k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-43k€-26k▲
Profit (loss) brought forward from the previous period14P€-114k€-47k▲
Transfer to equity691/2€4k€1k▼
To the legal reserve6920€4k€1k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 13 days late
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
2024
31-12
Financial
Highest result since 2018net €71k ▲33479%
Operating result €89k, net result €71k, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 20 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 22 days late
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Weakest financial yearnet €-181k ▼779%
Net result drops to €-181k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Equity above €150kEq €168k ▲18.8%
3 profitable years in a row build equity to €168k.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-12
Financial
Equity above €100kEq €142k ▲49%
2 profitable years in a row build equity to €142k.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Grez-Doiceau · 1 establishment unit since 2017
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.
Champ de Présenne 271390 Grez-DoiceauGround area
6,362 m²
Building footprint
382 m²
Parcel 25037D0010/00Z005, Wallonia. Linked by address, not a title deed.
1 establishment unit
Champ de Présenne 27, 1390 Grez-Doiceau
since 20172.264.010.979
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037D0010/00Z005 | Wallonia | 6,362 m² | 1 · 382 m² | - |
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.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,605 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-04-2017
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.