Grunt
ActiveSummary
Grunt has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64,759 and a net result of -€4,718. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 78% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-36
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 5.23 against 5.34 in 2024; short-term debt: 18.4% and cash: 49.3% of total assets), and 18.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
81.2%
Return on assets
-5.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 6 filingsDeviation from the deadline
2025
29 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
30 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€64,759▼ 6.8%
2024 · €69,477
Total assets
€79,714▼ 6.0%
2024 · €84,845
Net result
-€4,718
2024 · €216
Working capital
€62,059▼ 4.8%
2024 · €65,171
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€25,122▼ 62.9%€42,755▲ 70.2%€19,962▼ 53.3%-€715-€5,603▼ 684%
Net result€19,510within the sector's middle half▼ 60.3%€34,040within the sector's middle half▲ 74.5%€16,919within the sector's middle half▼ 50.3%€216below the sector's middle half▼ 98.7%-€4,718below the sector's middle half
Equity€69,551within the sector's middle half▲ 36.8%€92,341within the sector's middle half▲ 32.8%€69,260within the sector's middle half▼ 25.0%€69,477within the sector's middle half▲ 0.3%€64,759within the sector's middle half▼ 6.8%
Total assets€76,540below the sector's middle half▲ 23.8%€106,923within the sector's middle half▲ 39.7%€79,473below the sector's middle half▼ 25.7%€84,845within the sector's middle half▲ 6.8%€79,714within the sector's middle half▼ 6.0%
Debt€6,989▼ 36.4%€14,581▲ 109%€10,213▼ 30.0%€15,368▲ 50.5%€14,955▼ 2.7%
Working capital€68,886within the sector's middle half▲ 39.2%€92,509within the sector's middle half▲ 34.3%€64,761within the sector's middle half▼ 30.0%€65,171within the sector's middle half▲ 0.6%€62,059within the sector's middle half▼ 4.8%
Solvency90.9%above the sector's middle half▲ 8.6pp86.4%above the sector's middle half▼ 4.5pp87.1%above the sector's middle half▲ 0.8pp81.9%above the sector's middle half▼ 5.3pp81.2%above the sector's middle half▼ 0.6pp
Current ratio11.01above the sector's middle half▲ 5.507.51above the sector's middle half▼ 3.508.74above the sector's middle half▲ 1.235.34above the sector's middle half▼ 3.395.23above the sector's middle half▼ 0.11
Return on assets (ROA)25.5%within the sector's middle half▼ 54.0pp31.8%above the sector's middle half▲ 6.3pp21.3%within the sector's middle half▼ 10.5pp0.3%below the sector's middle half▼ 21.0pp-5.9%below the sector's middle half▼ 6.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,603 in 2025 against €715 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79,714
Fixed assets
€3,000 ▼ 35.8%
Current assets
€76,714 ▼ 4.3%
Equity and liabilities €79,714
Equity
€64,759 ▼ 6.8%
Debt
€14,955 ▼ 2.7%
Debt's share of the balance-sheet total rises from 18.1% to 18.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€3,933▼
2024 · €955
Cash flow
-€3,048▼
2024 · €1,886
Debt to equity
0.23▲
2024 · 0.22
ROE
-7.3%▼
2024 · 0.3%
Interest coverage
-34.85▼
2024 · 3.34
Debt ≤ 1 year
€14,655▼
2024 · €15,004
Income taxes
€15▼
2024 · €450
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.3%
went bankrupt
7.5%
stopped otherwise
90%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 3,441 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €578 | €578 | €878 | €1,670 | €1,670 | = |
| Other operating charges640/8 | - | €367 | €446 | €387 | €616 | ▲ 58.9% |
| Gross operating margin9900 | €25,700 | €43,700 | €21,287 | €1,342 | -€3,318 | ▼ 347% |
| Operating profit (loss)9901 | €25,122 | €42,755 | €19,962 | -€715 | -€5,603 | ▼ 684% |
| Financial income75/76B | - | €4 | €1,652 | €1,668 | €1,013 | ▼ 39.3% |
| Recurring financial income75 | - | €4 | €1,652 | €1,668 | €1,013 | ▼ 39.3% |
| Financial charges65/66B | €84 | €88 | €329 | €286 | €113 | ▼ 60.6% |
| Recurring financial charges65 | €84 | €88 | €329 | €286 | €113 | ▼ 60.6% |
| Profit (loss) for the period before taxes9903 | €25,038 | €42,670 | €21,285 | €666 | -€4,703 | ▼ 806% |
| Income taxes67/77 | €5,528 | €8,630 | €4,366 | €450 | €15 | ▼ 96.8% |
| Profit (loss) for the period9904 | €19,510 | €34,040 | €16,919 | €216 | -€4,718 | ▼ 2,280% |
| Profit (loss) for the period to be appropriated9905 | €19,510 | €34,040 | €16,919 | €216 | -€4,718 | ▼ 2,280% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76,540 | €106,923 | €79,473 | €84,845 | €79,714 | ▼ 6.0% |
| Fixed assets21/28 | €771 | €193 | €6,340 | €4,670 | €3,000 | ▼ 35.8% |
| Tangible fixed assets22/27 | €771 | €193 | €6,340 | €4,670 | €3,000 | ▼ 35.8% |
| Furniture and vehicles24 | €771 | €193 | €6,340 | €4,670 | €3,000 | ▼ 35.8% |
| Current assets29/58 | €75,769 | €106,730 | €73,133 | €80,175 | €76,714 | ▼ 4.3% |
| Amounts receivable within one year40/41 | €23,030 | €13,197 | €12,329 | €37,797 | €12,309 | ▼ 67.4% |
| Trade receivables40 | €9,949 | €12,450 | €4,315 | €24,162 | €1,588 | ▼ 93.4% |
| Other amounts receivable41 | €13,081 | €748 | €8,014 | €13,635 | €10,721 | ▼ 21.4% |
| Current investments50/53 | - | - | €21,648 | €23,316 | €24,329 | ▲ 4.3% |
| Cash at bank and in hand54/58 | €52,329 | €93,123 | €38,584 | €18,271 | €39,336 | ▲ 115% |
| Deferred charges and accrued income490/1 | €410 | €409 | €572 | €791 | €740 | ▼ 6.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76,540 | €106,923 | €79,473 | €84,845 | €79,714 | ▼ 6.0% |
| Equity10/15 | €69,551 | €92,341 | €69,260 | €69,477 | €64,759 | ▼ 6.8% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €67,000 | €88,000 | €66,000 | €66,000 | €62,000 | ▼ 6.1% |
| Distributable reserves133 | €67,000 | €88,000 | €66,000 | €66,000 | €62,000 | ▼ 6.1% |
| Profit (loss) carried forward14 | €51 | €1,841 | €760 | €977 | €259 | ▼ 73.5% |
| Amounts payable17/49 | €6,989 | €14,581 | €10,213 | €15,368 | €14,955 | ▼ 2.7% |
| Amounts payable within one year42/48 | €6,883 | €14,221 | €8,372 | €15,004 | €14,655 | ▼ 2.3% |
| Trade debts44 | €342 | €421 | €2,133 | €3,376 | €7,835 | ▲ 132% |
| Suppliers440/4 | €342 | €421 | €2,133 | €3,376 | €7,835 | ▲ 132% |
| Taxes, remuneration and social security45 | €5,550 | €11,815 | €5,039 | €8,300 | €1,526 | ▼ 81.6% |
| Taxes450/3 | €3,192 | €9,915 | €3,039 | €8,300 | €1,526 | ▼ 81.6% |
| Remuneration and social security454/9 | €2,357 | €1,900 | €2,000 | - | - | - |
| Other amounts payable47/48 | €992 | €1,985 | €1,200 | €3,328 | €5,294 | ▲ 59.1% |
| Accrued charges and deferred income492/3 | €106 | €360 | €1,841 | €364 | €300 | ▼ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,510 | €34,040 | €16,919 | €216 | -€4,718 | ▼ 2,280% |
| + Depreciation and write-downs630 | €578 | €578 | €878 | €1,670 | €1,670 | = |
| Operating cash flow (approximation) | €20,088 | €34,619 | €17,797 | €1,886 | -€3,048 | ▼ 262% |
| Investment in fixed assets (approximation) | - | €0 | -€7,026 | €0 | €0 | - |
| Change in cash | - | €40,794 | -€54,539 | -€20,313 | €21,066 | ▲ 204% |
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
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet -€4,718
Net result drops to -€4,718, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Rixensart · 1 establishment unit since 2019
Ground area
147 m²
Building footprint
69 m²
Volume, LiDAR
534 m³
Parcel 25033B1364/00A000, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Grunt
since 20192.296.451.739
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033B1364/00A000 | Wallonia | 147 m² | 1 · 69 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 82,641 companies in sector 70200 we hold annual accounts for 52,636. 39,352 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738575618
Registered
25-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.