GRISBY
ActiveSummary
GRISBY has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €283,598 and a net result of €26,076. Equity is growing by ~6.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-3
Solvency97▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity short (current ratio 0.25 against 0.3 in 2024; short-term debt: 27.8% and cash: 5.5% of total assets), and 27.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
72.2%
Return on assets
6.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
1 d early
2023
7 d early
2022
18 d late
2021
3 d early
2020
59 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 8 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
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. Usually files around 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€26,076▼ 16.1%
2024 · €31,075
Working capital
-€81,812▲ 19.6%
2024 · -€101,807
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€47,357▲ 260%€47,291▼ 0.1%€47,131▼ 0.3%€47,036▼ 0.2%€45,641▼ 3.0%
Net result€27,713▲ 356%€30,488▲ 10.0%€28,282▼ 7.2%€31,075▲ 9.9%€26,076▼ 16.1%
Equity€252,282▲ 12.3%€282,770▲ 12.1%€311,052▲ 10.0%€263,603▼ 15.3%€283,598▲ 7.6%
Total assets€412,429▲ 0.2%€415,871▲ 0.8%€415,334▼ 0.1%€408,105▼ 1.7%€392,711▼ 3.8%
Debt€160,146▼ 14.4%€133,101▼ 16.9%€104,283▼ 21.7%€144,502▲ 38.6%€109,113▼ 24.5%
Working capital-€60,847▼ 22.5%-€62,975▼ 3.5%-€34,693▲ 44.9%-€101,807▼ 193%-€81,812▲ 19.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 3% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €392,711
Fixed assets
€365,410 =
Current assets
€27,301 ▼ 36.1%
Equity and liabilities €392,711
Equity
€283,598 ▲ 7.6%
Debt
€109,113 ▼ 24.5%
Debt's share of the balance-sheet total falls from 35.4% to 27.8%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.25▼
2024 · 0.30
Debt to equity
0.38▼
2024 · 0.55
ROE
9.2%▼
2024 · 11.8%
ROA
6.6%▼
2024 · 7.6%
Debt ≤ 1 year
€109,113▼
2024 · €144,502
Income taxes
€12,169▲
2024 · €10,358
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,371 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Gross operating margin9900 | €47,357 | €47,291 | €47,131 | €47,036 | €45,641 | ▼ 3.0% |
| Operating profit (loss)9901 | €47,357 | €47,291 | €47,131 | €47,036 | €45,641 | ▼ 3.0% |
| Financial income75/76B | €694 | €522 | €398 | €295 | €66 | ▼ 77.6% |
| Recurring financial income75 | €694 | €522 | €398 | €295 | €66 | ▼ 77.6% |
| Financial charges65/66B | €4,368 | €3,097 | €5,913 | €5,897 | €7,461 | ▲ 26.5% |
| Recurring financial charges65 | €4,368 | €3,097 | €5,913 | €5,897 | €7,461 | ▲ 26.5% |
| Profit (loss) for the period before taxes9903 | €43,683 | €44,716 | €41,616 | €41,433 | €38,245 | ▼ 7.7% |
| Income taxes67/77 | €15,970 | €14,228 | €13,334 | €10,358 | €12,169 | ▲ 17.5% |
| Profit (loss) for the period9904 | €27,713 | €30,488 | €28,282 | €31,075 | €26,076 | ▼ 16.1% |
| Profit (loss) for the period to be appropriated9905 | €27,713 | €30,488 | €28,282 | €31,075 | €26,076 | ▼ 16.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €412,429 | €415,871 | €415,334 | €408,105 | €392,711 | ▼ 3.8% |
| Fixed assets21/28 | €365,410 | €365,410 | €365,410 | €365,410 | €365,410 | = |
| Tangible fixed assets22/27 | €365,410 | €365,410 | €365,410 | €365,410 | €365,410 | = |
| Land and buildings22 | €365,410 | €365,410 | €365,410 | €365,410 | €365,410 | = |
| Current assets29/58 | €47,019 | €50,461 | €49,924 | €42,695 | €27,301 | ▼ 36.1% |
| Amounts receivable after more than one year29 | €22,248 | €17,526 | €12,680 | €7,707 | €5,145 | ▼ 33.2% |
| Other amounts receivable291 | €22,248 | €17,526 | €12,680 | €7,707 | €5,145 | ▼ 33.2% |
| Amounts receivable within one year40/41 | €3,349 | €187 | €187 | €187 | €519 | ▲ 177% |
| Other amounts receivable41 | €3,349 | €187 | €187 | €187 | €519 | ▲ 177% |
| Cash at bank and in hand54/58 | €21,422 | €32,747 | €37,057 | €34,801 | €21,637 | ▼ 37.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €412,429 | €415,871 | €415,334 | €408,105 | €392,711 | ▼ 3.8% |
| Equity10/15 | €252,282 | €282,770 | €311,052 | €263,603 | €283,598 | ▲ 7.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €119,502 | €149,990 | €178,272 | €130,823 | €150,818 | ▲ 15.3% |
| Non-distributable reserves130/1 | €7,213 | €7,213 | €7,213 | €7,213 | €7,213 | = |
| Reserves not available under the articles1311 | €7,213 | €7,213 | €7,213 | €7,213 | €7,213 | = |
| Distributable reserves133 | €112,289 | €142,776 | €171,059 | €123,610 | €143,605 | ▲ 16.2% |
| Profit (loss) carried forward14 | €126,580 | €126,580 | €126,580 | €126,580 | €126,580 | = |
| Amounts payable17/49 | €160,146 | €133,101 | €104,283 | €144,502 | €109,113 | ▼ 24.5% |
| Amounts payable after more than one year17 | €52,281 | €19,665 | €19,665 | - | - | - |
| Financial debts170/4 | €52,281 | €19,665 | €19,665 | - | - | - |
| Amounts payable within one year42/48 | €107,866 | €113,436 | €84,617 | €144,502 | €109,113 | ▼ 24.5% |
| Financial debts43 | €31,274 | €32,615 | - | - | - | - |
| Credit institutions430/8 | €31,274 | €32,615 | - | - | - | - |
| Trade debts44 | - | - | - | €2,172 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €2,172 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €3,692 | €7,920 | €8,808 | €6,020 | €2,964 | ▼ 50.8% |
| Taxes450/3 | €3,692 | €7,920 | €8,808 | €6,020 | €2,964 | ▼ 50.8% |
| Other amounts payable47/48 | €72,900 | €72,900 | €75,809 | €136,310 | €106,149 | ▼ 22.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,713 | €30,488 | €28,282 | €31,075 | €26,076 | ▼ 16.1% |
| Operating cash flow (approximation) | €27,713 | €30,488 | €28,282 | €31,075 | €26,076 | ▼ 16.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €11,326 | €4,310 | -€2,256 | -€13,164 | ▼ 484% |
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
Next filing, fiscal year 2026, expected by
2026
11-08
State Gazette act
Appointments: Hodjeff Nastasia (non-statutory director) and Hodjeff Maroussia (non-statutory director)3 facts ▸
State Gazette act
Appointments: Hodjeff Nastasia (non-statutory director) and Hodjeff Maroussia (non-statutory director)
3 facts ▸
- General meeting, 15-06-2026
- Director appointment, Hodjeff Nastasia (non-statutory director)
- Director appointment, Hodjeff Maroussia (non-statutory director)
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €31,075 ▲9.9%
Net result €31,075, the highest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
31-12
Financial
Weakest financial yearnet €6,082 ▼79.7%
Net result drops to €6,082, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €200,000Eq €218,487 ▲15.9%
2 profitable years in a row build equity to €218,487.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Hodjeff Maroussia
CurrentNon-statutory director · since 11-08-2026
Hodjeff Nastasia
CurrentNon-statutory director · since 11-08-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Braine-le-Château · 1 establishment unit since 2006
Ground area
2,949 m²
Building footprint
316 m²
Volume, LiDAR
2,148 m³
Parcel 25015E0341/00F000, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
GRISBY
since 20062.153.350.411
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25015E0341/00F000 | Wallonia | 2,949 m² | 1 · 315 m² | 9.7 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.
Mandate history
2 people since 2026, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Hodjeff Maroussia |
|
| Hodjeff Nastasia |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Identification & contact
Identification
Legal formPrivate limited company
Founded07-02-2006
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879318955
Also
9925:BE0879318955
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.