Equity
-€20,186
Debts exceed assets in financial year 2025.
GRYP
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1989peak €75,066 (2011)
€28,577▲ 41.7%
lowest -€35,387 (2015)
€17,815▲ €17,975
peak €15,865 (2014)
-€20,186▲ €17,815
€302,848▼ 28.8%
peak 1 FTE (2011)
-not published
Board1 name since 1994
1 director
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Gross margin from €20,163 to €28,577Back to profit: €17,815Equity from -€38,001 to -€20,186Debts from €425,408 to €302,848Cash from €256 to €535
Key points
from the 2025 annual accountsDebts
€302,848 107% of the balance sheet
Financial debts 58%Suppliers 29%Taxes and wages 0%Other 13%
Of this, €147,024 falls due within a year.
Position in the sector
-€20,186
Less equity than 95% of companies in specialised construction. Sector median €57,780 · 37,285 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,795 companies had the same profile as GRYP has now. Each dot stands for 10 companies, two years later.
91.4%
were still trading
5.4%
stopped another way
2.7%
went bankrupt
Another 0.6% 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.
| 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 3,795 companies, not a prediction for GRYP. 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
Recent changes
Change of role: , from director, formerly manager to director
Legal-form conversion: from private limited company (pre-2019) to private limited company · Director discharge: · General meeting of 29-11-2023 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0438084563
First establishment
Koning Leopold III laan 46, Lievegem
Incorporation
published on 09-09-1989 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GRYP Lievegem | €282,662 | €28,577 | -7.1% | - |
| De Brandt Aalst | €241,216 | €28,048 | 62.6% | - |
| DELOBELLE PRODUCTS Kortrijk | €314,515 | €26,341 | 79.3% | - |
| SCHRIJNWERKERIJ BERBEN Houthalen-Helchteren | €270,068 | €34,474 | 43.1% | - |
| ALUHOVER Harelbeke | €332,005 | €30,157 | 54.9% | - |
| H.A.P.E.F.I. Voeren | €304,954 | €23,585 | 10.0% | - |
| HOUTWERKEN EBBENY Geel | €254,448 | €24,136 | 30.4% | - |
These companies have the same main activity as GRYP: joinery installation (NACE 43320). They are comparable in size and age: total assets between €241,000 and €332,000, founded between 1987 and 1992.
Official details
Source: KBO- Status
- Active since 16-08-1989Normal situation
- Activity
- Joinery installationNACE 43320
- Establishment unit
- 2.045.568.4649930 Lievegem, since 10-11-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 28-08-2023
Annual accounts 2025
- ≈ €170,000estimated
- €282,662▼ 27.0%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on GRYP
GRYP files the micro format. That format states no turnover. The gross margin rose from €21,397 in 2006 to €28,577 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 GRYP
- What is the company number of GRYP?
- The company number of GRYP is 0438.084.563. The VAT number is the same number with BE in front: BE 0438.084.563.
- Where is GRYP based?
- The registered office is at Koning Leopold III laan 46, 9930 Lievegem.Company details
- What does GRYP do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of GRYP?
- GRYP is a private limited company (BV).
- When was GRYP founded?
- GRYP was founded on 16-08-1989.
- Is GRYP still active?
- Yes, GRYP is an active enterprise in the KBO register.
- What is the turnover of GRYP?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €28,577 and 35 comparable companies (NACE 43320). It probably lies between €130,000 and €290,000.Financials
- Is GRYP profitable?
- In financial year 2025, GRYP made a profit of €17,815.
- Where can I find the annual accounts of GRYP?
- GRYP filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GRYP due?
- GRYP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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