GRITEK
ActiveSummary
GRITEK has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €54k and a net result of €1k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-21
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.83 against 7.79 in 2023; short-term debt: 10.8% and cash: 13.1% of total assets), and 10.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Real estate activities (NACE 68)
about 43% fewer 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
89.2%
Return on assets
2.1%
Age of the figures
21 mo
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 04-07-2025, 27 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
9 d early
2022
12 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€54k▲ 2.5%
2023 · €52k
2022: €42klowest in 3 years
2023: €52k▲ +24.1% vs 2022
2024: €54k▲ +2.5% vs 2023highest in 3 years
2022 → 2024
Total assets
€60k▲ 9.2%
2023 · €55k
2022: €46klowest in 3 years
2023: €55k▲ +20.3% vs 2022
2024: €60k▲ +9.2% vs 2023highest in 3 years
2022 → 2024
Net result
€1k▼ 87.4%
2023 · €10k
2022: €12khighest in 3 years
2023: €10k▼ -17.1% vs 2022
2024: €1k▼ -87.4% vs 2023lowest in 3 years
2022 → 2024
Working capital
€12k▼ 35.8%
2023 · €19k
2022: €32khighest in 3 years
2023: €19k▼ -41.5% vs 2022
2024: €12k▼ -35.8% vs 2023lowest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€42k-€52k▲ 24.1%€54k▲ 2.5%
2022: €42klowest in 3 years
2023: €52k▲ +24.1% vs 2022
2024: €54k▲ +2.5% vs 2023highest in 3 years
Operating result€12k-€12k▼ 1.8%€1k▼ 88.1%
2022: €12khighest in 3 years
2023: €12k▼ -1.8% vs 2022
2024: €1k▼ -88.1% vs 2023lowest in 3 years
Net result€12k-€10k▼ 17.1%€1k▼ 87.4%
2022: €12khighest in 3 years
2023: €10k▼ -17.1% vs 2022
2024: €1k▼ -87.4% vs 2023lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 88% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €60k
Fixed assets
€42k ▲ 23.4%
Current assets
€18k ▼ 13.4%
Equity and liabilities €60k
Equity
€54k ▲ 2.5%
Debt
€7k ▲ 138%
Debt's share of the balance-sheet total rises from 5.0% to 10.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21k▼
2023 · €24k
Cash flow
€21k▼
2023 · €22k
Current ratio
2.83▼
2023 · 7.79
Debt to equity
0.12▲
2023 · 0.05
ROE
2.4%▼
2023 · 19.4%
ROA
2.1%▼
2023 · 18.5%
Interest coverage
149.12▼
2023 · 165.88
Debt ≤ 1 year
€7k▲
2023 · €3k
Income taxes
€-10▼
2023 · €2k
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 · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€55k€60k▲
Fixed assets21/28€34k€42k▲
Tangible fixed assets22/27€34k€42k▲
Furniture and vehicles24€34k€42k▲
Current assets29/58€21k€18k▼
Amounts receivable within one year40/41€15k€10k▼
Trade receivables40€12k€854▼
Other amounts receivable41€3k€10k▲
Cash at bank and in hand54/58€6k€8k▲
Deferred charges and accrued income490/1€68€83▲
Equity and liabilities
Total equity and liabilities10/49€55k€60k▲
Equity10/15€52k€54k▲
Contributions10/11€30k€30k=
Reserves13€22k€22k=
Distributable reserves133€22k€22k=
Profit (loss) carried forward14€497€2k▲
Amounts payable17/49€3k€7k▲
Amounts payable within one year42/48€3k€7k▲
Trade debts44€165€4k▲
Suppliers440/4€165€4k▲
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€3k€3k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€19k▲
Other operating charges640/8€1k€584▼
Gross operating margin9900€25k€21k▼
Operating profit (loss)9901€12k€1k▼
Financial income75/76B€20€6▼
Recurring financial income75€20€6▼
Financial charges65/66B€143€140▼
Recurring financial charges65€143€140▼
Profit (loss) for the period before taxes9903€12k€1k▼
Income taxes67/77€2k€-10▼
Profit (loss) for the period9904€10k€1k▼
Profit (loss) for the period to be appropriated9905€10k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€2k▼
Profit (loss) brought forward from the previous period14P€304€497▲
Transfer to equity691/2€10k-
To other reserves6921€10k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €12k | €19k | ▲ 64.2% |
| Other operating charges640/8 | €348 | €1k | €584 | ▼ 55.4% |
| Gross operating margin9900 | €14k | €25k | €21k | ▼ 14.2% |
| Operating profit (loss)9901 | €12k | €12k | €1k | ▼ 88.1% |
| Financial income75/76B | €3k | €20 | €6 | ▼ 67.8% |
| Recurring financial income75 | €3k | €20 | €6 | ▼ 67.8% |
| Financial charges65/66B | €0 | €143 | €140 | ▼ 2.0% |
| Recurring financial charges65 | €0 | €143 | €140 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | €15k | €12k | €1k | ▼ 89.1% |
| Income taxes67/77 | €3k | €2k | €-10 | ▼ 101% |
| Profit (loss) for the period9904 | €12k | €10k | €1k | ▼ 87.4% |
| Profit (loss) for the period to be appropriated9905 | €12k | €10k | €1k | ▼ 87.4% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €46k | €55k | €60k | ▲ 9.2% |
| Fixed assets21/28 | €11k | €34k | €42k | ▲ 23.4% |
| Tangible fixed assets22/27 | €11k | €34k | €42k | ▲ 23.4% |
| Furniture and vehicles24 | €11k | €34k | €42k | ▲ 23.4% |
| Current assets29/58 | €35k | €21k | €18k | ▼ 13.4% |
| Amounts receivable within one year40/41 | €9k | €15k | €10k | ▼ 31.5% |
| Trade receivables40 | €9k | €12k | €854 | ▼ 92.8% |
| Other amounts receivable41 | - | €3k | €10k | ▲ 183% |
| Cash at bank and in hand54/58 | €25k | €6k | €8k | ▲ 32.7% |
| Deferred charges and accrued income490/1 | €1k | €68 | €83 | ▲ 23.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €46k | €55k | €60k | ▲ 9.2% |
| Equity10/15 | €42k | €52k | €54k | ▲ 2.5% |
| Contributions10/11 | €30k | €30k | €30k | = |
| Reserves13 | €12k | €22k | €22k | = |
| Distributable reserves133 | €12k | €22k | €22k | = |
| Profit (loss) carried forward14 | €304 | €497 | €2k | ▲ 259% |
| Amounts payable17/49 | €4k | €3k | €7k | ▲ 138% |
| Amounts payable within one year42/48 | €4k | €3k | €7k | ▲ 138% |
| Trade debts44 | €37 | €165 | €4k | ▲ 2,291% |
| Suppliers440/4 | €37 | €165 | €4k | ▲ 2,291% |
| Taxes, remuneration and social security45 | €4k | €3k | €3k | ▼ 0.4% |
| Taxes450/3 | €4k | €3k | €3k | ▼ 0.4% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €10k | €1k | ▼ 87.4% |
| + Depreciation and write-downs630 | €2k | €12k | €19k | ▲ 64.2% |
| Operating cash flow (approximation) | €14k | €22k | €21k | ▼ 5.9% |
| Investment in fixed assets (approximation) | - | €-35k | €-27k | ▲ 22.3% |
| Change in cash | - | €-19k | €2k | ▲ 110% |
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
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €1k ▼87.4%
Net result drops to €1k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Wavre · 1 establishment unit since 2021
Ground area
6,710 m²
Building footprint
1,257 m²
Volume, LiDAR
29,017 m³
2 parcels, Brussels, Wallonia · tallest building 29.5 m, ±9 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
New Kind of Party - Gritek
since 20212.320.037.090
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0012/00K000 | Brussels | 5,077 m² | 1 · 1,060 m² | 29.5 m · 9 fl. |
| 25772H0103/00W000 | Wallonia | 1,633 m² | 1 · 197 m² | 9.0 m · 2 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
COMPAGNIE GENERALE DE CONSTRUCTION
BE 0425.243.248
Braine-l'Alleud · Eq €53,783
Hexia Construct
BE 0774.972.887
Wevelgem · Eq €53,771
F V en P Projects
BE 0464.612.974
Anderlecht · Eq €53,823
Immo DBL
BE 1001.358.318
Grez-Doiceau · Eq €53,742
L & S Immo
BE 0518.883.979
Fernelmont · Eq €53,742
Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,061 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
Founded16-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
70200Business and other management consultancy
77399Renting and leasing of other machinery, equipment and tangible goods
93299Other amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.