Turnover
≈ €290,000 estimated
The micro format states no turnover.
GRS Technic
Lifetime
6 annual accounts with figures on one time axispeak €123,441 (2020)
€75,143▲ 194%
lowest -€37,694 (2021)
€33,459▲ 510%
peak €69,096 (2025)
€69,096▲ 156%
€58,814▲ 24.9%
peak 1 FTE (2020)
-not published
Board1 name since 2019
-
Documentsfilings and deeds
05-02-20265 days late
2025micro format
Gross margin from €25,539 to €75,143Result from €5,483 to €33,459Registered office moved within Namur 25-04Equity from €27,037 to €69,096Debts from €47,077 to €58,814Cash from €388 to €10,806
Key points
from the 2025 annual accountsChecked score
52
Fair
Financially stronger than 71% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.5%
01-2025: 4.4%▼ -0.1 percentage points vs 12-2024
02-2025: 5.3%▲ +0.9 percentage points vs 01-2025
03-2025: 5.5%▲ +0.2 percentage points vs 02-2025
04-2025: 7.0%▲ +1.5 percentage points vs 03-2025
05-2025: 12.7%▲ +5.7 percentage points vs 04-2025highest value
06-2025: 6.4%▼ -6.3 percentage points vs 05-2025
07-2025: 6.4%● unchanged vs 06-2025
08-2025: 6.2%▼ -0.2 percentage points vs 07-2025
09-2025: 6.1%▼ -0.1 percentage points vs 08-2025
10-2025: 6.6%▲ +0.5 percentage points vs 09-2025
11-2025: 6.8%▲ +0.2 percentage points vs 10-2025
12-2025: 5.7%▼ -1.1 percentage points vs 11-2025
01-2026: 5.9%▲ +0.2 percentage points vs 12-2025
02-2026: 7.4%▲ +1.5 percentage points vs 01-2026
03-2026: 2.5%▼ -4.9 percentage points vs 02-2026
04-2026: 2.5%● unchanged vs 03-2026
05-2026: 2.5%● unchanged vs 04-2026
06-2026: 2.5%● unchanged vs 05-2026
07-2026: 2.5%● unchanged vs 06-2026
08-2026: 2.5%● unchanged vs 07-2026
09-2026: 2.5%● unchanged vs 08-2026lowest value
10-2026: 3.1%▲ +0.6 percentage points vs 09-2026
11-2026: 3.0%▼ -0.1 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Size: total assets €127,910
Last filed accounts filed 6 days late; 2 of the last 3 accounts late
Founded in 2019
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 59% of them on solvency, 37% on liquidity, 92% on profitability and 94% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as GRS Technic has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GRS Technic itself is higher: 3.0% within 12 months. It rests on far more data about GRS Technic than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for GRS Technic. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.66 (1.77 in 2024), above the usual 1.5. Short-term debt is 33.2% and cash 8.4% of total assets. 46% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €69,096
raises risk · 2025 accounts filed 5 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-02-2026, 5 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
5 days late
2024
111 days late
2023
103 days late
2022
365 days late
2021
17 days early
2020
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 99 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 14 May (4 of the last 5 accounts filed within 120 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0733674445
Registered office moved within Namur
New registered office: Rue Patenier 31, 5000 Namur · Previous registered office: Rue de Coppin 79, 5100 Namur · Board meeting of 13-02-2025 · Gazette deed
Registered office moved within Namur
New registered office: Rue de Coppin 79 5100 NAMUR (Jambes) · Previous registered office: Rue François Dufer 50 5000 NAMUR · Gazette deed
First establishment
Rue Patenier 31, Namur
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GRS Technic Namur | - | - | 54.0% | - |
| ASERVIS Lint | - | - | 28.2% | 1 |
| GVDS Nijlen | - | - | 1.7% | - |
| CHAUFFAGE SANITAIRE SAUVET DAVID Montigny-le-Tilleul | - | - | 12.8% | - |
| DE LUCHT EXPERT Nijlen | €270,403 | 12.1% | 60.6% | - |
| DC-TECHNICS Haaltert | - | - | 12.1% | - |
| AMISTON CHAUFFAGE Uccle | €159,959 | 39.4% | 61.3% | - |
These companies have the same main activity as GRS Technic: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €115,000 and €148,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 04-09-2019Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 1 other
- Establishment unit
- 2.292.796.0275000 Namur, since 09-09-2019
- Financial year end
- 30 June
- Peppol
- Reachable since 26-12-2025
Insights on GRS Technic
GRS Technic files the micro format. That format states no turnover. The gross margin fell from €123,441 in 2020 to €75,143 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GRS Technic
- What is the company number of GRS Technic?
- The company number of GRS Technic is 0733.674.445. The VAT number is the same number with BE in front: BE 0733.674.445.
- Where is GRS Technic based?
- The registered office is at Rue Patenier 31, 5000 Namur.Company details
- What does GRS Technic do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of GRS Technic?
- GRS Technic is a private limited company (BV).
- When was GRS Technic founded?
- GRS Technic was founded on 04-09-2019.
- Is GRS Technic still active?
- Yes, GRS Technic is an active enterprise in the KBO register.
- How many employees does GRS Technic have?
- GRS Technic had an average of 1 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of GRS Technic?
- The turnover in financial year 2025 is ≈ €290,000. This figure is estimated from the gross margin of €75,143 and 30 comparable companies (NACE 43222). It probably lies between €230,000 and €400,000.
- Is GRS Technic profitable?
- In financial year 2025, GRS Technic made a profit of €33,459.
- Where can I find the annual accounts of GRS Technic?
- GRS Technic filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GRS Technic due?
- GRS Technic must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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