GRSM
ActiveSummary
GRSM has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,970 and a net result of €14,894. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 43% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
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Signals
This company filed its last 3 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 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% | 1.6% |
| 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 74% 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 39,275 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €68,959 | €75,650 | €130,031 | ▲ 71.9% |
| Goods, raw materials, services and sundry goods60/61 | €56,428 | €88,585 | €110,672 | ▲ 24.9% |
| Remuneration, social security and pensions62 | €967 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €824 | €1,849 | €2,329 | ▲ 26.0% |
| Other operating charges640/8 | €308 | €398 | €550 | ▲ 37.9% |
| Gross operating margin9900 | €14,229 | -€10,746 | €21,418 | ▲ 299% |
| Operating profit (loss)9901 | €12,130 | -€12,994 | €18,539 | ▲ 243% |
| Financial income75/76B | €15 | €47 | - | - |
| Recurring financial income75 | €15 | €47 | - | - |
| Financial charges65/66B | €108 | €166 | €82 | ▼ 50.6% |
| Recurring financial charges65 | €108 | €166 | €82 | ▼ 50.6% |
| Profit (loss) for the period before taxes9903 | €12,036 | -€13,113 | €18,457 | ▲ 241% |
| Income taxes67/77 | €4,500 | -€1,653 | €3,564 | ▲ 316% |
| Profit (loss) for the period9904 | €7,536 | -€11,460 | €14,894 | ▲ 230% |
| Profit (loss) for the period to be appropriated9905 | €7,536 | -€11,460 | €14,894 | ▲ 230% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €26,523 | €17,051 | €37,893 | ▲ 122% |
| Formation expenses20 | €936 | €475 | €13 | ▼ 97.3% |
| Fixed assets21/28 | €5,433 | €6,477 | €6,723 | ▲ 3.8% |
| Tangible fixed assets22/27 | €5,433 | €6,477 | €6,723 | ▲ 3.8% |
| Land and buildings22 | €3,725 | €3,325 | €2,927 | ▼ 12.0% |
| Plant, machinery and equipment23 | - | €2,046 | €1,486 | ▼ 27.4% |
| Furniture and vehicles24 | €1,708 | €1,106 | €2,310 | ▲ 109% |
| Current assets29/58 | €20,154 | €10,099 | €31,158 | ▲ 209% |
| Amounts receivable within one year40/41 | €6,532 | €6,358 | €6,399 | ▲ 0.6% |
| Trade receivables40 | €5,963 | €5,362 | €2,306 | ▼ 57.0% |
| Other amounts receivable41 | €569 | €996 | €4,093 | ▲ 311% |
| Current investments50/53 | - | - | €5,072 | - |
| Cash at bank and in hand54/58 | €13,159 | €3,741 | €17,493 | ▲ 368% |
| Deferred charges and accrued income490/1 | €463 | - | €2,195 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €26,523 | €17,051 | €37,893 | ▲ 122% |
| Equity10/15 | €12,536 | €1,076 | €15,970 | ▲ 1,384% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | - | €10,970 | - |
| Distributable reserves133 | - | - | €10,970 | - |
| Profit (loss) carried forward14 | €7,536 | -€3,924 | - | - |
| Amounts payable17/49 | €13,987 | €15,974 | €21,923 | ▲ 37.2% |
| Amounts payable within one year42/48 | €13,987 | €15,974 | €21,923 | ▲ 37.2% |
| Trade debts44 | €4,799 | €5,974 | €9,740 | ▲ 63.0% |
| Suppliers440/4 | €4,799 | €5,974 | €9,740 | ▲ 63.0% |
| Taxes, remuneration and social security45 | €9,188 | €10,000 | €12,184 | ▲ 21.8% |
| Taxes450/3 | €9,188 | €10,000 | €12,184 | ▲ 21.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,536 | -€11,460 | €14,894 | ▲ 230% |
| + Depreciation and write-downs630 | €824 | €1,849 | €2,329 | ▲ 26.0% |
| Operating cash flow (approximation) | €8,361 | -€9,611 | €17,223 | ▲ 279% |
| Investment in fixed assets (approximation) | - | -€2,893 | -€2,576 | ▲ 11.0% |
| Change in cash | - | -€9,417 | €13,751 | ▲ 246% |
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
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.
Directors · office · real estate
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.
Place de Hanzinne 1275620 Florennes1 establishment unit
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.