GRME
ActiveSummary
GRME has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116,790 and a net result of €22,409. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 60% of 177 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+1
Solvency73▼-1
Growth85=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.37 in 2024; short-term debt: 48.8% and cash: 18.5% of total assets), and 52.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.5%
Return on assets
9.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Waste collection, recovery and disposal activities (NACE 38)
about 10% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
30 d late
2021
29 d late
2020
31 d late
2019
83 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€144,000▲ 1,265%
2022 · €10,550
EBIT margin
10.7%▼ 23.5pp
2022 · 34.2%
Net result
€22,409▲ 41.8%
2024 · €15,801
Working capital
€47,044▲ 58.3%
2024 · €29,719
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€3,854▼ 97.9%€10,550▲ 174%€144,000▲ 1,265%
Operating result€15,420▲ 110%€3,607▼ 76.6%€15,429▲ 328%€28,724▲ 86.2%€33,242▲ 15.7%
Net result€9,618within the sector's middle half▲ 560%€495within the sector's middle half▼ 94.9%€8,490within the sector's middle half▲ 1,615%€15,801within the sector's middle half▲ 86.1%€22,409within the sector's middle half▲ 41.8%
EBIT margin400.1%▲ 396.1pp34.2%▼ 365.9pp10.7%▼ 23.5pp
Equity€71,287within the sector's middle half▲ 15.6%€71,782within the sector's middle half▲ 0.7%€80,272within the sector's middle half▲ 11.8%€95,215within the sector's middle half▲ 18.6%€116,790within the sector's middle half▲ 22.7%
Total assets€147,939within the sector's middle half▼ 5.4%€150,182within the sector's middle half▲ 1.5%€180,352within the sector's middle half▲ 20.1%€193,025within the sector's middle half▲ 7.0%€245,670within the sector's middle half▲ 27.3%
Debt€76,652▼ 19.1%€78,400▲ 2.3%€100,080▲ 27.7%€97,811▼ 2.3%€128,879▲ 31.8%
Working capital€16,657within the sector's middle half▲ 71.0%-€3,843within the sector's middle half€1,168within the sector's middle half€29,719within the sector's middle half▲ 2,444%€47,044within the sector's middle half▲ 58.3%
Solvency48.2%within the sector's middle half▲ 8.8pp47.8%within the sector's middle half▼ 0.4pp44.5%within the sector's middle half▼ 3.3pp49.3%within the sector's middle half▲ 4.8pp47.5%within the sector's middle half▼ 1.8pp
Current ratio1.48within the sector's middle half▲ 0.260.91within the sector's middle half▼ 0.571.02within the sector's middle half▲ 0.101.37within the sector's middle half▲ 0.361.39within the sector's middle half▲ 0.02
Return on assets (ROA)6.5%within the sector's middle half▲ 5.6pp0.3%within the sector's middle half▼ 6.2pp4.7%within the sector's middle half▲ 4.4pp8.2%within the sector's middle half▲ 3.5pp9.1%within the sector's middle half▲ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 38, Waste collection, recovery and disposal activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €245,670
Fixed assets
€78,765 ▼ 5.4%
Current assets
€166,905 ▲ 52.1%
Equity and liabilities €245,670
Equity
€116,790 ▲ 22.7%
Debt
€128,879 ▲ 31.8%
Debt's share of the balance-sheet total rises from 50.7% to 52.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37,758▲
2024 · €33,436
Cash flow
€26,924▲
2024 · €20,514
Debt to equity
1.10▲
2024 · 1.03
ROE
19.2%▲
2024 · 16.6%
Interest coverage
16.22▲
2024 · 10.69
Debt ≤ 1 year
€119,861▲
2024 · €80,026
Debt > 1 year
€9,018▼
2024 · €17,700
Income taxes
€8,810▲
2024 · €7,017
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €3,854 | €10,550 | €144,000 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €22,200 | €23,110 | €24,652 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,753 | €4,752 | €4,596 | €4,713 | €4,516 | ▼ 4.2% |
| Other operating charges640/8 | - | €1,987 | €1,271 | €1,220 | €1,649 | ▲ 35.2% |
| Non-recurring operating charges66A | - | - | - | €58 | - | - |
| Gross operating margin9900 | €20,173 | €10,346 | €21,296 | €34,714 | €39,407 | ▲ 13.5% |
| Operating profit (loss)9901 | €15,420 | €3,607 | €15,429 | €28,724 | €33,242 | ▲ 15.7% |
| Financial income75/76B | - | - | - | €0 | €305 | ▲ 3,045,900% |
| Recurring financial income75 | - | - | - | €0 | €305 | ▲ 3,045,900% |
| Financial charges65/66B | €2,301 | €2,829 | €4,368 | €5,906 | €2,328 | ▼ 60.6% |
| Recurring financial charges65 | €2,301 | €2,829 | €4,368 | €3,127 | €2,328 | ▼ 25.5% |
| Non-recurring financial charges66B | - | - | - | €2,779 | - | - |
| Profit (loss) for the period before taxes9903 | €13,119 | €778 | €11,061 | €22,818 | €31,218 | ▲ 36.8% |
| Income taxes67/77 | €3,501 | €283 | €2,571 | €7,017 | €8,810 | ▲ 25.6% |
| Profit (loss) for the period9904 | €9,618 | €495 | €8,490 | €15,801 | €22,409 | ▲ 41.8% |
| Profit (loss) for the period to be appropriated9905 | €9,618 | €495 | €8,490 | €15,801 | €22,409 | ▲ 41.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €147,939 | €150,182 | €180,352 | €193,025 | €245,670 | ▲ 27.3% |
| Fixed assets21/28 | €96,474 | €109,770 | €105,174 | €83,280 | €78,765 | ▼ 5.4% |
| Tangible fixed assets22/27 | €96,474 | €91,722 | €87,126 | €83,280 | €78,765 | ▼ 5.4% |
| Land and buildings22 | €94,500 | €90,450 | €86,400 | €82,354 | €78,308 | ▼ 4.9% |
| Plant, machinery and equipment23 | €1,974 | €1,272 | €726 | €181 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €745 | €456 | ▼ 38.8% |
| Financial fixed assets28 | - | €18,048 | €18,048 | - | - | - |
| Current assets29/58 | €51,465 | €40,412 | €75,178 | €109,745 | €166,905 | ▲ 52.1% |
| Amounts receivable within one year40/41 | €34,527 | €37,838 | €54,402 | €95,942 | €117,165 | ▲ 22.1% |
| Trade receivables40 | €15,382 | €25,932 | €54,402 | €86,942 | €92,722 | ▲ 6.6% |
| Other amounts receivable41 | €19,145 | €11,906 | - | €9,000 | €24,442 | ▲ 172% |
| Cash at bank and in hand54/58 | €16,938 | €19 | €18,027 | €10,830 | €45,441 | ▲ 320% |
| Deferred charges and accrued income490/1 | - | €2,555 | €2,749 | €2,973 | €4,299 | ▲ 44.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €147,939 | €150,182 | €180,352 | €193,025 | €245,670 | ▲ 27.3% |
| Equity10/15 | €71,287 | €71,782 | €80,272 | €95,215 | €116,790 | ▲ 22.7% |
| Contributions10/11 | €6,400 | €6,400 | €6,400 | €6,400 | €6,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €16,802 | €39,211 | ▲ 133% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €16,802 | €39,211 | ▲ 133% |
| Profit (loss) carried forward14 | €63,027 | €63,522 | €72,012 | €72,012 | €71,179 | ▼ 1.2% |
| Amounts payable17/49 | €76,652 | €78,400 | €100,080 | €97,811 | €128,879 | ▲ 31.8% |
| Amounts payable after more than one year17 | €41,844 | €34,101 | €26,057 | €17,700 | €9,018 | ▼ 49.0% |
| Financial debts170/4 | €41,844 | €34,101 | €26,057 | €17,700 | €9,018 | ▼ 49.0% |
| Amounts payable within one year42/48 | €34,808 | €44,255 | €74,010 | €80,026 | €119,861 | ▲ 49.8% |
| Current portion of amounts payable after more than one year42 | €8,062 | €8,375 | €8,701 | €9,039 | €9,449 | ▲ 4.5% |
| Financial debts43 | - | €7,226 | - | - | - | - |
| Credit institutions430/8 | - | €7,226 | - | - | - | - |
| Trade debts44 | €8,061 | €6,686 | €16,107 | €39,014 | €66,952 | ▲ 71.6% |
| Suppliers440/4 | €8,061 | €6,686 | €16,107 | €39,014 | €66,952 | ▲ 71.6% |
| Taxes, remuneration and social security45 | €3,501 | €3,784 | €24,018 | €27,945 | €34,478 | ▲ 23.4% |
| Taxes450/3 | €3,501 | €3,784 | €20,018 | €23,945 | €30,478 | ▲ 27.3% |
| Remuneration and social security454/9 | - | - | €4,000 | €4,000 | €4,000 | = |
| Other amounts payable47/48 | €15,184 | €18,184 | €25,184 | €4,028 | €8,982 | ▲ 123% |
| Accrued charges and deferred income492/3 | - | €44 | €13 | €85 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,618 | €495 | €8,490 | €15,801 | €22,409 | ▲ 41.8% |
| + Depreciation and write-downs630 | €4,753 | €4,752 | €4,596 | €4,713 | €4,516 | ▼ 4.2% |
| Operating cash flow (approximation) | €14,371 | €5,247 | €13,086 | €20,514 | €26,924 | ▲ 31.2% |
| Investment in fixed assets (approximation) | - | -€18,048 | €0 | €17,181 | €0 | ▼ 100% |
| Change in cash | - | -€16,919 | €18,008 | -€7,197 | €34,611 | ▲ 581% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €22,409 ▲41.8%
Operating result €33,242, net result €22,409, both a record.
31-12
Financial
Equity above €100,000Eq €116,790 ▲22.7%
8 profitable years in a row build equity to €116,790.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €495 ▼94.9%
Net result drops to €495, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
15-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
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.
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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, Namur · 1 establishment unit since 2005
Ground area
5,379 m²
Building footprint
308 m²
Volume, LiDAR
1,820 m³
2 parcels, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GRME
since 20052.146.129.453
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92082B0192/00S000 | Wallonia | 3,751 m² | 1 · 159 m² | 8.3 m · 2 fl. |
| 92082B0415/00K000 | Wallonia | 1,628 m² | 1 · 149 m² | 6.5 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.
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Of 279 companies in sector 38330 we hold annual accounts for 240. 110 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
Founded31-03-2005
Fiscal year end31-12
Activities, NACEBEL 2025
38330Waste collection, recovery and disposal activities
43120Site preparation
46130Agents in the wholesale of timber and building materials
Contact
E-mail
grme@grme.beNamur
Phone
0479/83.77.41Namur
E-invoicing
Reachable via Peppol
Peppol ID
0208:0872853015
Also
9925:BE0872853015
Registered
23-05-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.