Grutto
ActiveSummary
Grutto has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50k and a net result of €15k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 41% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+1
Solvency70▲+1
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.57 in 2024; short-term debt: 51.4% and cash: 68.6% of total assets), but 54.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.2%
Return on assets
13.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
14 d early
2024
4 d early
2023
4 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€50k▼ 7.1%
2024 · €54k
Total assets
€111k▼ 10.1%
2024 · €123k
Net result
€15k▼ 6.8%
2024 · €16k
Working capital
€38k▲ 10.3%
2024 · €35k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€51k-€23k▼ 54.8%€21k▼ 7.6%
Net result€38k-€16k▼ 57.7%€15k▼ 6.8%
Equity€41k-€54k▲ 30.6%€50k▼ 7.1%
Total assets€97k-€123k▲ 27.7%€111k▼ 10.1%
Debt€55k-€69k▲ 25.5%€61k▼ 12.4%
Working capital€25k-€35k▲ 36.8%€38k▲ 10.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 8% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111k
Fixed assets
€16k ▼ 43.5%
Current assets
€95k ▼ 0.5%
Equity and liabilities €111k
Equity
€50k ▼ 7.1%
Debt
€61k ▼ 12.4%
Debt's share of the balance-sheet total falls from 56.3% to 54.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€33k▼
2024 · €35k
Cash flow
€27k▼
2024 · €27k
Current ratio
1.67▲
2024 · 1.57
Debt to equity
1.21▼
2024 · 1.29
ROE
29.8%▲
2024 · 29.7%
ROA
13.5%▲
2024 · 13.0%
Interest coverage
48.05▲
2024 · 32.55
Debt ≤ 1 year
€57k▼
2024 · €61k
Debt > 1 year
€4k▼
2024 · €8k
Income taxes
€6k▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €11k | €12k | ▲ 6.0% |
| Other operating charges640/8 | €3k | €1k | €1k | ▲ 5.7% |
| Gross operating margin9900 | €66k | €36k | €35k | ▼ 2.9% |
| Operating profit (loss)9901 | €51k | €23k | €21k | ▼ 7.6% |
| Financial income75/76B | €0 | €0 | - | - |
| Recurring financial income75 | €0 | €0 | - | - |
| Financial charges65/66B | €727 | €1k | €696 | ▼ 34.4% |
| Recurring financial charges65 | €727 | €1k | €696 | ▼ 34.4% |
| Profit (loss) for the period before taxes9903 | €51k | €22k | €21k | ▼ 6.3% |
| Income taxes67/77 | €13k | €6k | €6k | ▼ 4.9% |
| Profit (loss) for the period9904 | €38k | €16k | €15k | ▼ 6.8% |
| Profit (loss) for the period to be appropriated9905 | €38k | €16k | €15k | ▼ 6.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €97k | €123k | €111k | ▼ 10.1% |
| Fixed assets21/28 | €34k | €28k | €16k | ▼ 43.5% |
| Tangible fixed assets22/27 | €34k | €28k | €16k | ▼ 43.5% |
| Furniture and vehicles24 | €34k | €28k | €16k | ▼ 43.5% |
| Current assets29/58 | €62k | €96k | €95k | ▼ 0.5% |
| Amounts receivable within one year40/41 | - | €15k | €158 | ▼ 99.0% |
| Trade receivables40 | - | €15k | €158 | ▼ 99.0% |
| Current investments50/53 | - | - | €17k | - |
| Cash at bank and in hand54/58 | €50k | €19k | €76k | ▲ 310% |
| Deferred charges and accrued income490/1 | €12k | €62k | €2k | ▼ 96.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €97k | €123k | €111k | ▼ 10.1% |
| Equity10/15 | €41k | €54k | €50k | ▼ 7.1% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €36k | €49k | €45k | ▼ 7.8% |
| Amounts payable17/49 | €55k | €69k | €61k | ▼ 12.4% |
| Amounts payable after more than one year17 | €18k | €8k | €4k | ▼ 55.0% |
| Financial debts170/4 | €18k | €8k | €4k | ▼ 55.0% |
| Amounts payable within one year42/48 | €37k | €61k | €57k | ▼ 6.6% |
| Current portion of amounts payable after more than one year42 | €2k | €3k | €3k | ▲ 4.2% |
| Trade debts44 | €2k | €4k | €4k | ▲ 4.8% |
| Suppliers440/4 | €2k | €4k | €4k | ▲ 4.8% |
| Taxes, remuneration and social security45 | €19k | €31k | €23k | ▼ 24.0% |
| Taxes450/3 | €19k | €31k | €23k | ▼ 24.0% |
| Other amounts payable47/48 | €14k | €24k | €27k | ▲ 12.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €16k | €15k | ▼ 6.8% |
| + Depreciation and write-downs630 | €11k | €11k | €12k | ▲ 6.0% |
| Operating cash flow (approximation) | €49k | €27k | €27k | ▼ 1.5% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | ▲ 100% |
| Change in cash | - | €-31k | €57k | ▲ 283% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €15k ▼6.8%
Net result drops to €15k, the lowest in the series.
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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, Laarne · 1 establishment unit since 2022
Ground area
695 m²
Building footprint
102 m²
Volume, LiDAR
484 m³
Parcel 42010C0726/00D000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Grutto
since 20222.333.083.293
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42010C0726/00D000 | Flanders | 695 m² | 1 · 102 m² | 6.5 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400D12RDYRUCE9V77
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 38,040 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
Founded22-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
pieter@ortho-flex.beLaarne
Phone
0460971728Laarne
Scores and ratios are computed by Checked and are not a credit decision.