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GRSM

Active Private limited companyfounded 2023active for 3 yearsPlace de Hanzinne 127, 5620 FlorennesKBO/BCE: BE 0797.196.676

Lifetime

3 annual accounts with figures on one time axis
peak €130,031 (2025)
€130,031▲ 71.9%
lowest -€11,460 (2024)
€14,894▲ €26,354
peak €15,970 (2025)
€15,970▲ 15×
€21,923▲ 37.2%
Board1 name since 2023
1 director
Documentsfilings and deeds
09-07-202622 days before the deadline
2025micro format
Turnover from €75,650 to €130,031Gross margin from -€10,746 to €21,418Back to profit: €14,894Equity from €1,076 to €15,970Debts from €15,974 to €21,923Cash from €3,741 to €17,493

Key points

from the 2025 annual accounts

Turnover

€130,031 ▲ 71.9%
€75,6002024€130,0002025

Turnover rose in 2025 from €75,650 to €130,031.

Payment terms

32 days to suppliers
Suppliers
25 to 32
Customers
26 to 6

GRSM pays its suppliers 7 days later than in 2024. Customers pay 20 days earlier.

Liquidity

1.42 was 0.63 in 2024

Short-term debts rose from €15,974 to €21,923.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 39,326 companies had the same profile as GRSM has now. Each dot stands for 99 companies, two years later.

95.7%
were still trading
2.4%
stopped another way
1.8%
went bankrupt
  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

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 39,326 companies, not a prediction for GRSM. 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

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Signals

Board and ownership

Director, since 16-01-2023
  • 100 sharesdeed of 18-01-2023
Board & ownership

Recent changes

Registered office moved from Sambreville to Hanzinne New registered office: B-5621 Hanzinne, Place d'Hanzinne 127 · Previous registered office: B-5060 Sambreville, Rue du Chesselet 48 · Board meeting of 21-03-2024 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0797196676
Incorporation Founding capital of €5,000, 100 shares · Founder: · Appointment: (director) · published on 18-01-2023 · Gazette deed
First establishment Place de Hanzinne 127, Florennes
All 10 events

Comparable companies

same main activity, similar in size and age
Company
GRSM Florennes €130,031 14.3% 42.1% -
CL@MOVE Walcourt €151,068 10.8% 27.4% -
SCRIBAPRO Mettet - - 26.6% -
ANDENNE CONSULT Andenne - - 18.3% -
GUJO Lennik €140,790 17.0% 75.9% -
OCULAIR Genk - - 76.0% -
Bocom Tienen - - 78.1% -
-10%0%10%20%€200,000€2m€20m€200mGRSMEBIT margin

Grey: the largest companies of the sector (office administrative support (NACE 82)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as GRSM: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €29,800 and €47,100, founded between 2022 and 2023.

Official details

Source: KBO
Status
Active since 16-01-2023Normal situation
Activity
Office administrative and support servicesNACE 82100and 4 others
Establishment unit
2.340.657.5105620 Florennes, since 16-01-2023
Financial year end
31 December
Peppol
Reachable since 06-02-2023
Company details

Annual accounts 2025

€37,893▲ 122%
Filing
Filed on 09-07-2026, 22 days before the end of the filing period
Financials

Insights on GRSM

Solvency rose in 2025 from 6.3% to 42.1% because of the retained profit.

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 GRSM

What is the company number of GRSM?
The company number of GRSM is 0797.196.676. The VAT number is the same number with BE in front: BE 0797.196.676.
Where is GRSM based?
The registered office is at Place de Hanzinne 127, 5620 Florennes.Company details
What does GRSM do?
According to the KBO register, the main activity is office administrative and support services (NACE 82100).
What is the legal form of GRSM?
GRSM is a private limited company (BV).
When was GRSM founded?
GRSM was founded on 16-01-2023.
Is GRSM still active?
Yes, GRSM is an active enterprise in the KBO register.
What is the turnover of GRSM?
The turnover of GRSM was €130,031 in financial year 2025, according to the filed annual accounts.Financials
Is GRSM profitable?
In financial year 2025, GRSM made a profit of €14,894.
Where can I find the annual accounts of GRSM?
GRSM filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GRSM due?
GRSM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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