Active BE 0754.829.947Private limited company

Grojac

Neerstraat 58 ·3540 Herk-de-Stad, Belgium· 5 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

Grojac is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €66k and a net result of €60k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 48% of 1216 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€66k
Net result	€60k
Better than sector	48%
Active	5 yrs

Financial profile 4 of 5 axes measured · computed by Checked

88 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 100

Solvency 81

Growth 78

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview5 NBB filings

Annual accounts filed on 23-07-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 5 fiscal years (±0.7%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	44.5%	47.1%	better than 48% of 1216 sector peers
Net result	€60k	€43k	better than 60% of 1215 sector peers
Equity	€66k	€85k	better than 43% of 1216 sector peers
Gross operating margin	€85k	€70k	better than 58% of 1212 sector peers
Total assets	€149k	€211k	better than 39% of 1216 sector peers

Net profit

€60k

-6.2% 21-25

Total assets

€149k

+29.7% 21-25

Equity

€66k

-18.0% 21-25

Income taxes

€17k

+30.8% 21-25

Dividends

€75k

+36.9% 21-25

Debt

€83k

+143.1% 21-25

Debt ≤ 1y

€83k

+143.1% 21-25

Solvency

44.5%

-36.8% 21-25

ROE

91.3%

+14.4% 21-25

ROA

40.6%

-27.7% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	abbreviated schema
Revenue	n/a	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a	n/a
Net profit	€60k	€64k	€-22k	€34k	€56k
Cash flow	n/a	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-	-
Income taxes	€17k	€13k	€257	€8k	€14k
Dividends	€75k	€55k	€0	€2k	-
Total assets	€149k	€115k	€84k	€104k	€62k
Equity	€66k	€81k	€71k	€93k	€61k
Debt	€83k	€34k	€13k	€11k	€791
of which ≤ 1y	€83k	€34k	€13k	€11k	€791
of which > 1y	-	-	-	-	-
Working capital	n/a	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-	-

Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a	n/a
Solvency	44.5%	70.4%	84.4%	89.4%	98.7%
Debt / equity	n/a	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a	n/a
ROA	40.6%	56.1%	-26.2%	32.6%	90.6%
ROE	91.3%	79.8%	-31.1%	36.4%	91.8%
EBITDA margin	n/a	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €16k · 10.7% Current assets €133k · 89.3%

Equity & liabilities

Equity €66k · 44.5% Debt €83k · 55.6%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€149k	€115k	€84k	€104k	€62k
Fixed assets	21/28	€16k	€20k	€22k	€25k	€7k
Tangible fixed assets	22/27	€16k	€20k	€22k	€25k	€7k
Current assets	29/58	€133k	€95k	€62k	€80k	€54k
Amounts receivable within one year	40/41	€20k	€2k	€2k	€20k	€23k
Investments	50/53	€250	€250	€250	-	-
Cash & bank	54/58	€107k	€88k	€56k	€56k	€29k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€149k	€115k	€84k	€104k	€62k
Equity	10/15	€66k	€81k	€71k	€93k	€61k
Contributions / capital	10/11	€5k	€5k	€5k	€5k	€5k
Reserves	13	€61k	€76k	€66k	€88k	€56k
Accumulated profits (losses)	14	€0	€0	€0	€0	-
Amounts payable	17/49	€83k	€34k	€13k	€11k	€791
Amounts payable within one year	42/48	€83k	€34k	€13k	€11k	€791
Trade debts payable within one year	44	€2k	€2k	€8k	€6k	€552
Income statement
Gross operating margin	9900	€85k	€84k	€18k	€47k	€72k
Operating result	9901	€79k	€79k	€-20k	€44k	€71k
Financial income	75	€0	€132	€89	€359	€531
Financial charges	65	€2k	€2k	€2k	€2k	€2k
Result before taxes	9903	€77k	€77k	€-22k	€42k	€70k
Income taxes	67/77	€17k	€13k	€257	€8k	€14k
Net result for the period	9904	€60k	€64k	€-22k	€34k	€56k
Result to be appropriated	9905	€60k	€64k	€-22k	€34k	€56k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	24-09-2020
Status	Active
Postal code	3540

Establishment units 1 location

Grojac

Neerstraat 58, 3540 Herk-de-StadFinancial service activities, except insurance and pension funding

since 20202.307.979.594

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71051B0314/00M000	Flanders	997 m²	1 · 155 m²	9.3 m · 2 fl.

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.

Updates 5 events

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

23-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

03-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €64k

Net result €64k after one loss-making year.

22-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-22k ▼165%

Net result drops to €-22k, the lowest in the series; recovery starts the following year.

12-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

03-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

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

Belgian State Gazette reading coverage 0 of 1 acts read

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.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210

Names & trade names

Legal nameNL

Grojac

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