GRISHA
ActiveSummary
GRISHA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.39M and a net result of €97k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 54% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-7
Solvency85▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.2 in 2024; short-term debt: 9.6% and cash: 4.6% of total assets), and 40.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
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
59.8%
Return on assets
4.2%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
3 d early
2023
29 d early
2022
40 d early
2021
13 d early
2020
25 d late
2019
49 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.39M▲ 4.0%
2024 · €1.34M
2018: €889k
2019: €933k
2020: €1.01M
2021: €1.06M
2022: €1.07M
2023: €1.14M
2024: €1.34M
2018 → 2025
Total assets
€2.32M▼ 4.6%
2024 · €2.43M
2018: €2.42M
2019: €2.62M
2020: €2.47M
2021: €2.57M
2022: €2.47M
2023: €2.38M
2024: €2.43M
2018 → 2025
Net result
€97k▼ 58.1%
2024 · €232k
2018: €38k
2019: €44k
2020: €80k
2021: €44k
2022: €10k
2023: €74k
2024: €232k
2018 → 2025
Working capital
€59k▲ 33.6%
2024 · €45k
2018: €-908k
2019: €-19k
2020: €24k
2021: €-65k
2022: €-97k
2023: €-55k
2024: €45k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.06M-€1.07M▲ 0.9%€1.14M▲ 7.0%€1.34M▲ 17.0%€1.39M▲ 4.0%
Operating result€90k-€40k▼ 55.1%€128k▲ 217%€352k▲ 175%€148k▼ 58.0%
Net result€44k-€10k▼ 77.7%€74k▲ 665%€232k▲ 212%€97k▼ 58.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.32M
Fixed assets
€2.04M ▼ 5.7%
Current assets
€282k ▲ 4.4%
Equity and liabilities €2.32M
Equity
€1.39M ▲ 4.0%
Debt
€935k ▼ 14.9%
Debt's share of the balance-sheet total falls from 45.1% to 40.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€278k▼
2024 · €480k
Cash flow
€227k▼
2024 · €361k
Current ratio
1.27▲
2024 · 1.20
Debt to equity
0.67▼
2024 · 0.82
ROE
7.0%▼
2024 · 17.4%
ROA
4.2%▼
2024 · 9.5%
Interest coverage
15.83▼
2024 · 23.73
Debt ≤ 1 year
€222k▼
2024 · €225k
Debt > 1 year
€712k▼
2024 · €873k
Income taxes
€41k▼
2024 · €103k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.43M€2.32M▼
Fixed assets21/28€2.16M€2.04M▼
Tangible fixed assets22/27€1.71M€1.59M▼
Land and buildings22€596k€482k▼
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€36k€26k▼
Other tangible fixed assets26€1.08M€1.08M=
Financial fixed assets28€451k€451k=
Current assets29/58€270k€282k▲
Amounts receivable within one year40/41€172k€169k▼
Trade receivables40€29k-
Other amounts receivable41€143k€169k▲
Cash at bank and in hand54/58€92k€107k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€2.43M€2.32M▼
Equity10/15€1.34M€1.39M▲
Contributions10/11€19k€19k=
Reserves13€1.32M€1.37M▲
Distributable reserves133€1.32M€1.37M▲
Amounts payable17/49€1.10M€935k▼
Amounts payable after more than one year17€873k€712k▼
Financial debts170/4€873k€712k▼
Amounts payable within one year42/48€225k€222k▼
Current portion of amounts payable after more than one year42€158k€161k▲
Trade debts44€5k€8k▲
Suppliers440/4€5k€8k▲
Taxes, remuneration and social security45€63k€53k▼
Taxes450/3€63k€53k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€128k€130k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€486k€284k▼
Operating profit (loss)9901€352k€148k▼
Financial income75/76B€4k€8k▲
Recurring financial income75€4k€8k▲
Financial charges65/66B€20k€18k▼
Recurring financial charges65€20k€18k▼
Profit (loss) for the period before taxes9903€335k€138k▼
Income taxes67/77€103k€41k▼
Profit (loss) for the period9904€232k€97k▼
Profit (loss) for the period to be appropriated9905€232k€97k▼
Appropriation of the result
Profit (loss) to be appropriated9906€232k€97k▼
Transfer from equity791/2€38k€44k▲
Transfer to equity691/2€232k€97k▼
To other reserves6921€232k€97k▼
Profit to be distributed694/7€38k€44k▲
Return on contributions (dividend)694€38k€44k▲
The notes to these accounts (9 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €232k ▲212%
Operating result €352k, net result €232k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €10k ▼77.7%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Equity above €1MEq €1.01M ▲8.5%
3 profitable years in a row build equity to €1.01M.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
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, Rixensart · 1 establishment unit since 2001
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.
Avenue des Merisiers 61332 RixensartGround area
3,459 m²
Building footprint
179 m²
Parcel 25033A0555/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Avenue des Merisiers 6, 1332 Rixensart
since 20012.098.172.455
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033A0555/00A000 | Wallonia | 3,459 m² | 1 · 179 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.
Similar companies · same sector, comparable size
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HOVEMA
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MEZZA INVEST
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 24,244 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-2001
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
78100Employment placement agencies
78200Temporary employment agencies and other provision of personnel
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:026535513
Fax:026535513