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GRL SERVICES

Active
Private limited companyfounded 20215 yrs activeBoulevard de la Résistance 92/Bt02, 1400 Nivelles, BelgiumKBO/BCE: BE 0769.372.029
Summary

The computed 12-month bankruptcy probability of GRL SERVICES is 10.1% (high). For GRL SERVICES, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €298 and a net result of €-4k. Its solvency ranks better than 22% of 6116 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-62
Solvency36▼-9
Growth32
Track record94
Bankruptcy probability, 12 months
10.1% High
0%0.5%1.5%4%10%≥ 25%
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2023
Age of the figures
Age of the figures
42 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-03-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filings
Position against the passed deadline
31-03-2024 close31-10-2024 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 30-11-2023, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
30 d late
2022
3 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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

History

GRL SERVICES was incorporated on 4 June 2021 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023

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Financials · fiscal year 2023, micro schema

Equity
€298▼ 92.2%
2022 · €4k
Total assets
€3k▼ 85.0%
2022 · €19k
Net result
€-4k
2022 · €2k
Working capital
€298▼ 92.2%
2022 · €4k
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20222023
Operating result€3k-€-3k
Net result€2k-€-4k
Equity€4k-€298▼ 92.2%
Total assets€19k-€3k▼ 85.0%
Debt€15k-€3k▼ 83.1%
Working capital€4k-€298▼ 92.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-4k€-2k€0€2kOperating result 2022: €3k€3kNet result 2022: €2k€2kOperating result 2023: €-3k€-3kNet result 2023: €-4k€-4k20222023€-4k€-2k€0€2kOperating result 2022: €3k€2.7kNet result 2022: €2k€1.8kOperating result 2023: €-3k€-3.4kNet result 2023: €-4k€-3.5k20222023
The operating result turns negative in 2023: a loss of €3k after €3k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €3k
Equity €298 ▼ 92.2%
Debt €3k ▼ 83.1%
Debt's share of the balance-sheet total rises from 79.7% to 89.4%. Equity and debt are lower.
Key figures and ratios
2023 value · change against 2022
Debt ≤ 1 year
€3k▼
2022 · €15k
Ratios withheld: a balance sheet total of €3k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 28 lines
Balance sheet Code20222023
Assets
Total assets20/58€19k€3k▼
Current assets29/58€19k€3k▼
Amounts receivable within one year40/41€15k€1k▼
Trade receivables40€10k€925▼
Other amounts receivable41€5k€546▼
Cash at bank and in hand54/58€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€19k€3k▼
Equity10/15€4k€298▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€2k€-2k▼
Amounts payable17/49€15k€3k▼
Amounts payable within one year42/48€15k€3k▼
Trade debts44€12k-
Suppliers440/4€12k-
Taxes, remuneration and social security45€855-
Taxes450/3€855-
Other amounts payable47/48€2k€3k▲
Income statement Code20222023
Other operating charges640/8€348€348=
Gross operating margin9900€3k€-3k▼
Operating profit (loss)9901€3k€-3k▼
Financial charges65/66B€58€104▲
Recurring financial charges65€58€104▲
Profit (loss) for the period before taxes9903€3k€-4k▼
Income taxes67/77€855-
Profit (loss) for the period9904€2k€-4k▼
Profit (loss) for the period to be appropriated9905€2k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-2k▼
Profit (loss) brought forward from the previous period14P-€2k

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023Change
Other operating charges640/8€348€348=
Gross operating margin9900€3k€-3k▼ 200%
Operating profit (loss)9901€3k€-3k▼ 225%
Financial charges65/66B€58€104▲ 77.9%
Recurring financial charges65€58€104▲ 77.9%
Profit (loss) for the period before taxes9903€3k€-4k▼ 232%
Income taxes67/77€855--
Profit (loss) for the period9904€2k€-4k▼ 294%
Profit (loss) for the period to be appropriated9905€2k€-4k▼ 294%
Line20222023Change
Assets
Total assets20/58€19k€3k▼ 85.0%
Current assets29/58€19k€3k▼ 85.0%
Amounts receivable within one year40/41€15k€1k▼ 90.4%
Trade receivables40€10k€925▼ 90.8%
Other amounts receivable41€5k€546▼ 89.7%
Cash at bank and in hand54/58€3k€1k▼ 61.2%
Equity and liabilities
Total equity and liabilities10/49€19k€3k▼ 85.0%
Equity10/15€4k€298▼ 92.2%
Contributions10/11€2k€2k=
Profit (loss) carried forward14€2k€-2k▼ 194%
Amounts payable17/49€15k€3k▼ 83.1%
Amounts payable within one year42/48€15k€3k▼ 83.1%
Trade debts44€12k--
Suppliers440/4€12k--
Taxes, remuneration and social security45€855--
Taxes450/3€855--
Other amounts payable47/48€2k€3k▲ 28.1%
Line20222023Change
Profit (loss) for the period9904€2k€-4k▼ 294%
Operating cash flow (approximation)€2k€-4k▼ 294%
Change in cash-€-2k-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2023
30-11
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2022
03-11
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Nivelles · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1,062 m²
Building footprint
158 m²
Volume, LiDAR
1,817 m³
Parcel 25782C0095/00L004, Wallonia · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
GRL Services
Boulevard de la Résistance 92, 1400 NivellesJoinery installation
since 20212.320.527.634
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25782C0095/00L004 Wallonia 1,062 m² 1 · 158 m² 14.4 m · 4 fl.
Linked by address, not proof of ownership
Good to know
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

Of 963 companies in sector 49310 we hold annual accounts for 487. 36 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
Founded04-06-2021
Fiscal year end31-03
Activities, NACEBEL 2025
49310Scheduled passenger transport by road
43343Specialised construction activities
Contact
E-mail help.vitre@gmail.com
Phone +32474083287

Scores and ratios are computed by Checked and are not a credit decision.