Equity
GRIZZLY ENTER paid out €4,060 in dividends in a year with a loss of €2,993.
GRIZZLY ENTER paid out €4,060 in dividends in a year with a loss of €2,993.
From profit to loss in 2025, after a profit of €54,970 in 2024.
The micro format states no turnover.
Short-term debts rose from €8,928 to €12,621.
The last five annual accounts were filed 39 to 104 days before the end of the period.
Higher solvency than 81% of companies in creative and performing arts. Sector median 49.2% · 2,487 companies.
The dashed line is the sector median: 0.1% across 3,433 companies (NACE 90, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 90, micro). It does better than 88% of them on solvency, 87% on liquidity, 21% on profitability and 31% on growth.
The bankruptcy probability was computed on 09-11-2026 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).
In July 2024, 12,322 companies had the same profile as GRIZZLY ENTER has now. Each dot stands for 31 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GRIZZLY ENTER itself: < 0.1% within 12 months.
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 12,322 companies, not a prediction for GRIZZLY ENTER. 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.
Liquidity is ample, with a current ratio of 5.38 (7.8 in 2024), above the usual 1.5. Short-term debt is 17.6% and cash 88.1% of total assets. 17.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 57 days before the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| GRIZZLY ENTER Keerbergen | €71,860 | €9,131 | 82.4% | - |
| dEUS Antwerp | €79,222 | €7,576 | 62.9% | - |
| ACOUSTIC RECORDING SERVICE Grimbergen | €76,368 | €5,779 | 27.7% | - |
| CENTRAL Leuven | €102,063 | €8,375 | 76.6% | - |
| BO SPAENC Hove | €92,827 | €7,943 | 83.5% | - |
| DECIBEL Waterloo | €85,817 | €11,466 | 36.7% | - |
| SONIX Forest | €70,691 | €5,977 | -63.7% | - |
These companies have the same main activity as GRIZZLY ENTER: specialised image, lighting and sound technical services (NACE 90393). They are comparable in size and age: total assets between €70,700 and €102,000, founded between 1990 and 1999.
GRIZZLY ENTER files the micro format. That format states no turnover. The gross margin rose from €8,994 in 2006 to €9,131 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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