GRS Infra
ActiveThe computed 12-month bankruptcy probability of GRS Infra is 3.4% (moderate). The 2025 annual accounts show equity of €217 and a net result of €-233. Its solvency ranks better than 10% of 27407 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
15
/ 100
Critical▼ -25 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency11▼-10
Growth58
Stability94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.97), and 99.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
0.5%
Return on assets
-0.5%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27407 sector peers (2025).
NBB · sector comparisonPosition among 27407 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-03-2026, 44 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 filingsDeviation from the deadline
2025
44 d late
2024
56 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€217▼ 51.8%
2024 · €450
2024: €450
2024 → 2025
Total assets
€43k▲ 986%
2024 · €4k
2024: €4k
2024 → 2025
Net result
€-233▲ 93.4%
2024 · €-4k
2024: €-4k
2024 → 2025
Working capital
€-1k
2024 · €450
2024: €450
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€450-€217▼ 51.8%
Operating result€-4k-€3k
Net result€-4k-€-233▲ 93.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43k
Fixed assets
€5k
Current assets
€38k
Equity and liabilities €43k
Equity
€217▼ 51.8%
Debt
€43k▲ 1,118%
The debt ratio rises from 88.8% to 99.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€4k
Cash flow
€664
Solvency
0.5%
Current ratio
0.97
Quick ratio
0.97
ROA
-0.5%
Interest coverage
1.46
Debt
€43k▲
2024 · €4k
Debt ≤ 1 year
€40k▲
2024 · €4k
Income taxes
€522
Staff costs
€27k
Equity ratios withheld: equity of €217 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4k€43k▲
Fixed assets21/28-€5k
Tangible fixed assets22/27-€5k
Plant, machinery and equipment23-€1k
Furniture and vehicles24-€3k
Financial fixed assets28-€405
Current assets29/58€4k€38k▲
Amounts receivable within one year40/41-€12k
Trade receivables40-€5k
Other amounts receivable41-€7k
Cash at bank and in hand54/58€4k€26k▲
Deferred charges and accrued income490/1-€756
Equity and liabilities
Total equity and liabilities10/49€4k€43k▲
Equity10/15€450€217▼
Contributions10/11€4k€4k=
Profit (loss) carried forward14€-4k€-4k▼
Amounts payable17/49€4k€43k▲
Amounts payable within one year42/48€4k€40k▲
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45-€523
Taxes450/3-€523
Other amounts payable47/48-€34k
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Remuneration, social security and pensions62-€27k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€897
Other operating charges640/8€373€1k▲
Gross operating margin9900€-3k€32k▲
Operating profit (loss)9901€-4k€3k▲
Financial charges65/66B-€3k
Recurring financial charges65-€3k
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€-4k€289▲
Income taxes67/77-€522
Profit (loss) for the period9904€-4k€-233▲
Profit (loss) for the period to be appropriated9905€-4k€-233▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-4k▼
Profit (loss) brought forward from the previous period14P-€-4k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 44 days late
2025
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
NBB filing
Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hollenaarstraat 679041 GentGround area
1,317 m²
Building footprint
119 m²
Volume, LiDAR
835 m³
Parcel 44051B1227/00G000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hollenaarstraat 67, 9041 Gent
since 20222.336.616.271
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051B1227/00G000 | Flanders | 1,317 m² | 1 · 119 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
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.
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Of 8,398 companies in sector 43120 we hold annual accounts for 3,206. 57 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-10-2022
Fiscal year end30-06
Activities, NACEBEL
43120Site preparation
43211General electrical installation work
42110Construction of roads and motorways
43130Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.