Equity
€1.4m ▲ 4.0%
GRISHA has made a profit without a break since 2018.
GRISHA
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €918,100 (2007)
€283,817▼ 41.6%
lowest -€86,513 (2013)
€97,234▼ 58.1%
peak €1.4m (2025)
€1.4m▲ 4.0%
€934,509▼ 14.9%
Board4 names since 2001
3 directorsLouis AMORY and 2 others
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €485,722 to €283,817Result from €232,144 to €97,234Appointments: Louis AMORY (managing director) and Clélia DE L… 10-01Dividend €44,053
Key points
from the 2025 annual accountsResult
€97,234 ▼ 58.1%
The result fell in 2025 from €232,144 to €97,234.
Turnover
≈ €410,000 estimated
The micro format states no turnover.
Investments
€7,161 0.1 × depreciation
Green is investment, beige is depreciation.
Filings
25 annual accounts since 2001
Three of the last ten came late. The 2025 accounts came latest: 31 days after the end of the period.
Position in the sector
€1.4m
More equity than 95% of companies in head offices and management consultancy. Sector median €78,216 · 39,396 companies.
Checked score
95
Excellent
Financially stronger than 62% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: 0.1%▲ +0.1 percentage points vs 04-2025
06-2025: < 0.1%▼ -0.1 percentage points vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026highest value
09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €2.3m
Sector: Activities of head offices; management consultancy activities (NACE 70)
Figures for financial year 2025 (filed on 31-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 57% of them on solvency, 73% on liquidity, 67% on profitability and 50% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as GRISHA has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GRISHA itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for GRISHA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.27 (1.2 in 2024), below the usual 1.5. Short-term debt is 9.6% and cash 4.6% of total assets. 40.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
3 days early
2023
29 days early
2022
40 days early
2021
13 days early
2020
25 days late
2019
49 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Appointments: Louis AMORY (managing director) and Clélia DE LICHTERVELDЕ (managing director)
General meeting of 19-12-2024 · Gazette deed
Reappointments: Louis AMORY (director) and Comtesse Clélia de Lichtervelde (director)
General meeting of 30-11-2023 · Gazette deed
Appointment: Clélia de Lichtervelde (manager)
General meeting of 20-09-2019 · Gazette deed
First establishment
Avenue des Merisiers 6, Rixensart
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GRISHA Rixensart | €2.3m | €283,817 | 59.8% | - |
| RD INVEST Genappe | €2.1m | €303,329 | 37.1% | - |
| MARKET CONSULT Lasne | €2.0m | €287,313 | 32.3% | 0 |
| BVB MANAGEMENT Beauvechain | €2.3m | €235,570 | 75.5% | - |
| MAWISCO Chaumont-Gistoux | €2.1m | €328,419 | 38.4% | - |
| GO FOR IT BUSINESS CONSULTING Avelgem | €2.2m | €269,835 | 86.8% | - |
| SITE MANAGEMENT SERVICES Hove | €2.5m | €288,721 | 18.2% | - |
These companies have the same main activity as GRISHA: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2m and €2.5m, founded between 1998 and 2002.
Official details
Source: KBO- Status
- Active since 20-03-2001Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.098.172.4551332 Rixensart, since 19-06-2001
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on GRISHA
GRISHA files the micro format. That format states no turnover. The gross margin fell from €549,743 in 2006 to €283,817 in 2025.
The balance sheet grew most from 2009 to 2011 through fixed assets.
In January 2025, the Official Gazette published the appointment of Louis AMORY as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GRISHA
- What is the company number of GRISHA?
- The company number of GRISHA is 0474.358.506. The VAT number is the same number with BE in front: BE 0474.358.506.
- Where is GRISHA based?
- The registered office is at Avenue des Merisiers 6, 1332 Rixensart.Company details
- What does GRISHA do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of GRISHA?
- GRISHA is a private limited company (BV).
- When was GRISHA founded?
- GRISHA was founded on 20-03-2001.
- Is GRISHA still active?
- Yes, GRISHA is an active enterprise in the KBO register.
- What is the turnover of GRISHA?
- The turnover in financial year 2025 is ≈ €410,000. This figure is estimated from the gross margin of €283,817 and 95 comparable companies (NACE 70200). It probably lies between €340,000 and €710,000.Financials
- Is GRISHA profitable?
- In financial year 2025, GRISHA made a profit of €97,234.
- Where can I find the annual accounts of GRISHA?
- GRISHA filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GRISHA due?
- GRISHA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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