Active BE 0789.239.114Private limited company

GRS COMPANY

Rue de la Gade(CAR) 1 ·7141 Morlanwelz, Belgium· 4 yrs active

Sector: Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen (47110)

Conclusion Checked

The computed 12-month bankruptcy probability of GRS COMPANY is 4.0% (moderate). The 2024 annual accounts show equity of €33k and a net result of €21k. Its solvency ranks better than 61% of 6717 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€33k
Net result	€21k
Better than sector	61%
Active	4 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

80 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 68

Profitability 100

Solvency 59

Growth 78

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

4.0% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Multiple establishment units +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2022, 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.

Health barometer FY 2024 · computed

68 / 100 Healthy

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 05-12-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	31.5%	20.4%	better than 61% of 6717 sector peers
Net result	€21k	€4k	better than 75% of 6698 sector peers
Equity	€33k	€16k	better than 64% of 6732 sector peers
Gross operating margin	€67k	€24k	better than 72% of 6677 sector peers
Staff costs	€34k	€33k	higher than 51% of 3046 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Net profit

€21k

+84.5% 23-24

Total assets

€105k

+157.6% 23-24

Equity

€33k

+192.2% 23-24

Working capital

€32k

+205.9% 23-24

Staff costs

€34k

+54.1% 23-24

Income taxes

€6k

+65.4% 23-24

Debt

€72k

+144.3% 23-24

Debt ≤ 1y

€72k

+144.3% 23-24

Current ratio

1.45

+6.7% 23-24

Quick ratio

0.13

+1520.4% 23-24

Solvency

31.5%

+13.4% 23-24

Debt / equity

2.17

-16.4% 23-24

ROE

63.1%

-36.9% 23-24

ROA

19.9%

-28.4% 23-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€21k
Cash flow	-
Staff costs	€34k
Income taxes	€6k
Dividends	-
Total assets	€105k
Equity	€33k
Debt	€72k
of which ≤ 1y	€72k
of which > 1y	-
Working capital	€32k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.45
Quick ratio	0.13
Working capital ratio	30.8%
Solvency	31.5%
Debt / equity	2.17
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	19.9%
ROE	63.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €750 · 0.7% Current assets €104k · 99.3%

Equity & liabilities

Equity €33k · 31.5% Debt €72k · 68.5%

Full annual accounts

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

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€105k
Fixed assets	21/28	€750
Financial fixed assets	28	€750
Current assets	29/58	€104k
Stocks & contracts in progress	3	€95k
Cash & bank	54/58	€9k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€105k
Equity	10/15	€33k
Accumulated profits (losses)	14	€33k
Amounts payable	17/49	€72k
Amounts payable within one year	42/48	€72k
Trade debts payable within one year	44	€41k
Income statement
Gross operating margin	9900	€67k
Operating result	9901	€30k
Financial charges	65	€3k
Result before taxes	9903	€26k
Income taxes	67/77	€6k
Net result for the period	9904	€21k
Result to be appropriated	9905	€21k

You are seeing the latest fiscal year only. 1 prior year (figures + ratios) is in a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110)
Legal form	Private limited company(610)
Incorporation	29-07-2022
Status	Active
Postal code	7141

Establishment units 3 locations

GRS COMPANY

Rue de l'Industrie(Res) 29, 7134 BincheDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)

since 20222.334.353.894

GRS COMPANY

Rue de la Gade(CAR) 1, 7141 MorlanwelzDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)

since 20222.334.353.993

GRS COMPANY

Route de Mons(BIN) 62, 7130 BincheDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)

since 20222.334.354.092

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
56015C0001/00N000	Wallonia	241 m²	1 · 38 m²	-
56063A0045/00A009	Wallonia	173 m²	1 · 48 m²	9.8 m · 3 fl.
56011B0721/00M000	Wallonia	110 m²	1 · 34 m²	9.8 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 2

3 of 3 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 2 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

05-12-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

2024

19-12-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)47112

Primary activity highlighted.

Names & trade names

Legal nameFR

GRS COMPANY

Registered office

Rue de la Gade(CAR) 1

7141 Morlanwelz, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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