Grizzly4

Active

Private limited companyfounded 20197 yrs activeStationsstraat 20, 2860 Sint-Katelijne-Waver, BelgiumKBO/BCE: BE 0729.691.408

Grizzly4 has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €81k and a net result of €147k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2024

51 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2022

Profitability79▲+64

Solvency29▲+7

Growth78▲+46

Track record100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days only on tighter terms

Liquidity short (current ratio 0.6 against 0.03 in 2022; short-term debt: 95.7% and cash: 3.3% of total assets), and 95.7% of the assets are financed with debt.

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 19356 sector peers (2024).

NBB · sector comparison

Position among 19356 sector peers

Solvency

better than 25%

← weakest strongest →

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-02-2026, 208 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

208 d late

2022

92 d late

2021

61 d late

2020

26 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€81k

2022 · €-35k

2020: €11k 2021: €10k 2022: €-35k

2020 → 2024

Total assets

€1.87M▲ 41.5%

2022 · €1.32M

2020: €14k 2021: €30k 2022: €1.32M

2020 → 2024

Net result

€147k

2022 · €-44k

2020: €6k 2021: €-2k 2022: €-44k

2020 → 2024

Working capital

€-710k▲ 45.8%

2022 · €-1.31M

2020: €11k 2021: €10k 2022: €-1.31M

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2020202120222024Trend

Equity€11k-€10k▼ 15.3%€-35k€81k

Operating result€9k-€-2k€-44k▼ 2,594%€175k

Net result€6k-€-2k€-44k▼ 2,459%€147k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result is €175k in 2024, compared with €-44k in 2022. Comparable figures for the intervening years are unavailable.

Balance-sheet composition

2024 in colour, 2022 as the grey bar beneath

Assets €1.87M

42.3%

57.7%

Fixed assets €791k▼ 38.0%

Current assets €1.08M▲ 2,243%

Equity and liabilities €1.87M

95.7%

Equity €81k

Debt €1.79M

Debt finances 95.7% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2022

EBITDA

€199k▲

2022 · €-22k

Cash flow

€172k▲

2022 · €-22k

Solvency

4.3%▲

2022 · -2.6%

Current ratio

0.60▲

2022 · 0.03

Quick ratio

0.49▲

2022 · 0.03

Debt / equity

22.11▲

2022 · -39.03

ROE

181.9%

ROA

7.9%▲

2022 · -3.4%

Interest coverage

157.70▲

2022 · -402.96

Debt

€1.79M▲

2022 · €1.36M

Debt ≤ 1 year

€1.79M▲

2022 · €1.36M

Income taxes

€26k▲

2022 · €396

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2022

Balance sheet Code20222024

Assets

Total assets20/58€1.32M€1.87M▲

Fixed assets21/28€1.28M€791k▼

Tangible fixed assets22/27€1.28M€791k▼

Land and buildings22€1.28M€791k▼

Current assets29/58€46k€1.08M▲

Stocks and contracts in progress3-€201k

Stocks30/36-€201k

Amounts receivable within one year40/41€15k€114k▲

Trade receivables40€12k€32k▲

Other amounts receivable41€3k€83k▲

Current investments50/53-€700k

Cash at bank and in hand54/58€31k€62k▲

Deferred charges and accrued income490/1€322€718▲

Equity and liabilities

Total equity and liabilities10/49€1.32M€1.87M▲

Equity10/15€-35k€81k▲

Contributions10/11€5k€5k=

Profit (loss) carried forward14€-40k€76k▲

Amounts payable17/49€1.36M€1.79M▲

Amounts payable within one year42/48€1.36M€1.79M▲

Current portion of amounts payable after more than one year42-€400k

Trade debts44€6k€12k▲

Suppliers440/4€6k€12k▲

Taxes, remuneration and social security45-€27k

Taxes450/3-€27k

Other amounts payable47/48€1.35M€1.35M=

Income statement Code20222024

Non-recurring operating income76A-€300k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€24k▲

Other operating charges640/8€3k€5k▲

Non-recurring operating charges66A€23k€38k▲

Gross operating margin9900€4k€242k▲

Operating profit (loss)9901€-44k€175k▲

Financial income75/76B-€1

Recurring financial income75-€1

Financial charges65/66B€54€1k▲

Recurring financial charges65€54€1k▲

Profit (loss) for the period before taxes9903€-44k€174k▲

Income taxes67/77€396€26k▲

Profit (loss) for the period9904€-44k€147k▲

Profit (loss) for the period to be appropriated9905€-44k€147k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-40k€76k▲

Profit (loss) brought forward from the previous period14P€5k€-71k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2026

24-02

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 208 days late

2024

31-12

Financial Back to profitnet €147k

Net result €147k after 2 loss-making years.

2023

31-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 92 days late

2022

31-12

Financial Weakest financial yearnet €-44k

Net result drops to €-44k, the lowest in the series; recovery starts the following year.

30-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 61 days late

2021

26-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 26 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Sint-Katelijne-Waver · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Stationsstraat 202860 Sint-Katelijne-Waver

Ground area

722 m²

Building footprint

243 m²

Volume, LiDAR

1,650 m³

Parcel 12035A0495/00F000, Flanders · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Grizzly4

Stationsstraat 20, 2860 Sint-Katelijne-WaverReal estate development

since 20192.291.451.190

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12035A0495/00F000	Flanders	722 m²	1 · 242 m²	12.9 m · 2 fl.

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

RETECH

BE 0443.641.178

Sint-Truiden · Eq €81k

Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 5,252 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded02-07-2019

Fiscal year end31-12

Activities, NACEBEL

68121Development of residential building projects

68110Buying and selling of own real estate

68201Renting and operating of own or leased residential real estate, excluding social housing

68203Renting and operating of own or leased non-residential real estate, excluding land

70200Business and other management consultancy

70220Business consulting

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.