GRL
ActiveSummary
The computed 12-month bankruptcy probability of GRL is 24.1% (high). For GRL, one annual filing is missing. The 2024 annual accounts show equity of €19,517. Equity has been growing by about 30% per year since 2018. The company has been active since 2017 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry.
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-10-2017 Normal situation
- Legal form
- Private limited company (pre-2019)
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 24.1%
Too few figures to score
Annual accounts 2024
- Equity
- €19,517
- =
- Total assets
- €66,393
- =
- 2025 accounts not filed, 97 days past the deadline
Turnover not published (micro format)
Signalsraises riskFigures for financial year 2024 (filed on 06-06-2025)1 change of registered office in 24 monthsNo registered site in the KBOAnnual accounts not filedAdministrative warnings in the KBO publicationslowers riskSize: total assets €66,393neutralLatest accounts filed on timeShow the evidence
Bankruptcy probability
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability.
Bankruptcy probability: High
Filing: One annual filing is missing
Bankruptcy probability within 12 months
24.1%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 4 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.9%
01-2025: 1.9%● unchanged vs 12-2024
02-2025: 1.9%● unchanged vs 01-2025
03-2025: 1.9%● unchanged vs 02-2025
04-2025: 2.0%▲ +0.1 percentage points vs 03-2025
05-2025: 2.1%▲ +0.1 percentage points vs 04-2025
06-2025: 1.9%▼ -0.2 percentage points vs 05-2025
07-2025: 1.7%▼ -0.2 percentage points vs 06-2025lowest value
08-2025: 2.8%▲ +1.1 percentage points vs 07-2025
09-2025: 2.8%● unchanged vs 08-2025
10-2025: 2.8%● unchanged vs 09-2025
11-2025: 2.9%▲ +0.1 percentage points vs 10-2025
12-2025: 2.4%▼ -0.5 percentage points vs 11-2025
01-2026: 2.4%● unchanged vs 12-2025
02-2026: 2.4%● unchanged vs 01-2026
03-2026: 2.2%▼ -0.2 percentage points vs 02-2026
04-2026: 2.5%▲ +0.3 percentage points vs 03-2026
05-2026: 3.0%▲ +0.5 percentage points vs 04-2026
06-2026: 3.3%▲ +0.3 percentage points vs 05-2026
07-2026: 3.5%▲ +0.2 percentage points vs 06-2026
08-2026: 5.4%▲ +1.9 percentage points vs 07-2026
09-2026: 7.2%▲ +1.8 percentage points vs 08-2026
10-2026: 14.3%▲ +7.1 percentage points vs 09-2026
11-2026: 24.1%▲ +9.8 percentage points vs 10-2026highest value
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 97 days later.
NBB · 6 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline05-11-2026 today
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 03-06-2025, 58 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
58 days early
2023
55 days early
2022
7 days early
2021
17 days late
2019
270 days late
2018
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 6 accounts on average 28 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 5 November 2026.
Annual accounts 2024 filed on 03-06-2025 PDF all 6 filings
Turnover
€203
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€332▲ 97.8%
2022 · -€15,033
Working capital
€19,517=
2023 · €19,517
Multi-year overview
2018 to 2024, 6 financial yearsTurnover
no figure
2024
20182024
Operating result
no figure
2024
20182024
Net result
no figure
2024
20182024
Equity
€19,517
=
2024
20182024
Total assets
€66,393
=
2024
20182024
Debt
€46,877
=
2024
20182024
Working capital
€19,517
=
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192021202220232024
Turnover€203-
Operating result-€1,983-€2,001€14,747--€13,714€0
Net result-€2,154-€2,001€14,470--€15,033-€332▲ 97.8%
Equity€4,046-€8,201▲ 103%€21,801-€6,768▼ 69.0%€19,517▲ 188%€19,517=
Total assets€4,050-€23,205▲ 473%€60,569-€64,722▲ 6.9%€66,393▲ 2.6%€66,393=
Debt€4-€15,004▲ 3,751×€38,768-€57,954▲ 49.5%€46,877▼ 19.1%€46,877=
Working capital€4,046-€8,201▲ 103%€13,745-€16,620▲ 20.9%€19,517▲ 17.4%€19,517=
The operating result for 2023 is zero, against a loss of €13,714 in 2022.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €66,393
Equity
€19,517 =
Debt
€46,877 =
Debt's share of the balance-sheet total stays at 70.6%.
Key figures and ratios
Current ratio
1.42=
2023 · 1.42
Debt to equity
2.40=
2023 · 2.40
Debt ≤ 1 year
€46,877=
2023 · €46,877
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €22,385 | - | - | - |
| Depreciation and write-downs of the year | €4,477 | - | - | - |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €203 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | €4,477 | - | - | - | - |
| Other operating charges640/8 | - | - | €2,913 | €365 | - | - | - |
| Non-recurring operating charges66A | - | - | - | €9,636 | - | - | - |
| Gross operating margin9900 | -€1,983 | €4,849 | €22,137 | -€3,713 | €0 | - | - |
| Operating profit (loss)9901 | -€1,983 | €2,001 | €14,747 | -€13,714 | €0 | - | - |
| Recurring financial income75 | €0 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | €278 | €319 | €332 | - | - |
| Recurring financial charges65 | €166 | - | €278 | €319 | €332 | - | - |
| Profit (loss) for the period before taxes9903 | -€2,154 | €2,001 | €14,470 | -€14,033 | -€332 | - | - |
| Income taxes67/77 | €0 | - | - | €1,000 | - | - | - |
| Profit (loss) for the period9904 | -€2,154 | €2,001 | €14,470 | -€15,033 | -€332 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€2,154 | €2,001 | €14,470 | -€15,033 | -€332 | - | - |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €4,050 | €23,205 | €60,569 | €64,722 | €66,393 | €66,393 | = |
| Formation expenses20 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €0 | - | €17,908 | - | - | - | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | €17,908 | - | - | - | - |
| Furniture and vehicles24 | - | - | €17,908 | - | - | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €4,050 | €23,205 | €42,661 | €64,722 | €66,393 | €66,393 | = |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €824 | €18,230 | €36,980 | €56,878 | €58,526 | €58,550 | = |
| Trade receivables40 | - | - | €24,580 | €44,550 | €42,937 | €42,937 | = |
| Other amounts receivable41 | - | - | €12,400 | €12,328 | €15,589 | €15,614 | ▲ 0.2% |
| Current investments50/53 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €3,226 | €4,975 | €5,682 | €7,844 | €7,868 | €7,843 | ▼ 0.3% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €4,050 | €23,205 | €60,569 | €64,722 | €66,393 | €66,393 | = |
| Equity10/15 | €4,046 | €8,201 | €21,801 | €6,768 | €19,517 | €19,517 | = |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €19,280 | €19,280 | = |
| Capital10 | - | - | €6,200 | €6,200 | €19,280 | €19,280 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | €19,280 | €19,280 | = |
| Uncalled capital101 | - | - | €12,400 | €12,400 | - | - | - |
| Reserves13 | €0 | - | - | - | - | - | - |
| Profit (loss) carried forward14 | -€2,154 | €2,001 | €15,601 | €568 | €237 | €237 | = |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - |
| Amounts payable17/49 | €4 | €15,004 | €38,768 | €57,954 | €46,877 | €46,877 | = |
| Amounts payable after more than one year17 | €0 | - | €9,852 | €9,852 | - | - | - |
| Financial debts170/4 | - | - | €9,852 | €9,852 | - | - | - |
| Amounts payable within one year42/48 | €4 | €15,004 | €28,916 | €48,102 | €46,877 | €46,877 | = |
| Current portion of amounts payable after more than one year42 | - | - | €7,862 | - | - | - | - |
| Trade debts44 | €0 | €8,304 | €15,982 | €41,182 | €41,182 | €41,182 | = |
| Suppliers440/4 | - | - | €15,982 | €41,182 | €41,182 | €41,182 | = |
| Taxes, remuneration and social security45 | - | - | €5,072 | €6,920 | €5,695 | €5,695 | = |
| Taxes450/3 | - | - | €5,072 | €6,920 | €5,695 | €5,695 | = |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,154 | €2,001 | €14,470 | -€15,033 | -€332 | - | - |
| + Depreciation and write-downs630 | €0 | - | €4,477 | - | - | - | - |
| Operating cash flow (approximation) | -€2,154 | €2,001 | €18,947 | -€15,033 | -€332 | - | - |
| Change in cash | - | €1,749 | - | €2,162 | €24 | -€24 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 03-06-2025 | 2025-00122932 | |
| 31-12-2023 | micro format | 06-06-2024 | 2024-00118685 | |
| 31-12-2022 | micro format | 24-07-2023 | 2023-00291124 | |
| 31-12-2021 | micro format | 17-08-2022 | 2022-20299973 | |
| 31-12-2019 | micro format | 27-04-2021 | 2021-11500509 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-42100234 |
Board & ownership
Directors
Directors
1 director, last change in 2024
Ivanov Ivelin
Current
Director · appointed by deed of 03-07-2025
Owners and capital
Shareholders
Share transfer
deed of 03-07-2025 ↗
- Shefked Gyulnur to Ivanov Ivelin 100 shares · 100%
Mandate history
2 people, 1 in office
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Ivanov Ivelin |
|
| Shefked Gyulnur |
|
Network & group
GRL shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of GRL. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Deeds, filings and financial milestones
2026
03-11
KBO administration
Address struck
effective 09-10-2026
2025
03-07
Gazette deed
Registered office moved from Grobbendonk to AntwerpTransfer of 100 shares from Shefked Gyulnur to Ivanov Ivelin · New registered office: Dambruggestraat 130 te 2060 Antwerpen · Previous registered office: Dennenlaan 1A-2280 Grobbendonk4 points ▸
Gazette deed
Registered office moved from Grobbendonk to Antwerp
Transfer of 100 shares from Shefked Gyulnur to Ivanov Ivelin · New registered office: Dambruggestraat 130 te 2060 Antwerpen · Previous registered office: Dennenlaan 1A-2280 Grobbendonk4 points ▸
- Director resignation, Shefked Gyulnur
- Director appointment, Ivanov Ivelin
- Share transfer, Shefked Gyulnur → Ivanov Ivelin, 100 shares
- Registered-office move, Dambruggestraat 130 te 2060 Antwerpen
03-06
micro format · 58 days before the deadline
2024
06-06
micro format · 55 days before the deadline
2023
24-07
micro format · 7 days before the deadline
2022
31-12
Financial
Weakest financial yearnet -€15,033
The net result drops to -€15,033, the lowest from 2018 to 2023. It recovers the following year.
10-11
Gazette deed
Registered office moved from Antwerp to GrobbendonkNew registered office: Dennenlaan 1A, 2280 GROBBENDONK · Previous registered office: Confortalei 114-2100 ANTWERPEN2 points ▸
Gazette deed
Registered office moved from Antwerp to Grobbendonk
New registered office: Dennenlaan 1A, 2280 GROBBENDONK · Previous registered office: Confortalei 114-2100 ANTWERPEN2 points ▸
- General meeting, 03-11-2021
- Registered-office move, Dennenlaan 1A, 2280 GROBBENDONK
17-08
micro format · 17 days late
2021
31-12
Financial
Highest result from 2018 to 2023net €14,470 ▲623%
The operating result of €14,747 and the net result of €14,470 are both a record.
27-04
micro format · 270 days late
2019
31-12
Financial
Back to profitnet €2,001
The net result is €2,001, after one loss-making year.
31-07
micro format · on the deadline day
2017
24-10
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
GRL in Dutch
Enterprise number
0683.553.258
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
20-10-2017
Entity type
Legal entity
Registered office and establishments
Registered office
2 former offices
- Dennenlaan 1A, 2280 Grobbendonk until 18-11-2024 · deed of 03-07-2025
- Confortalei 114, 2100 Antwerpen until the deed of 10-11-2022
Invoicing and payment
VAT number
BE 0683.553.258
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
143 m²
Building footprint
75 m²
Building volume
964 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11805E0506/00D024 | Flanders | 143 m² | 1 · 75 m² | 15.5 m · 4 |