Gryphus
ActiveSummary
Gryphus has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €212,001 and a net result of €113,125. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 2278 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability95▲+2
Solvency65▼-33
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 1.59 against 3.73 in 2023; short-term debt: 60.2% and cash: 9% of total assets), but 60.2% of the assets are financed with debt.
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Signals
Three 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 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
28 d late
2022
4 d early
2021
29 d late
2020
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€212,001▼ 46.9%
2023 · €398,876
Total assets
€532,834▼ 2.1%
2023 · €544,027
Net result
€113,125▲ 7.5%
2023 · €105,223
Working capital
€189,845▼ 52.1%
2023 · €396,747
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€163,539-€179,042▲ 9.5%€197,951▲ 10.6%€135,981▼ 31.3%€132,475▼ 2.6%
Net result€122,865above the sector's middle half-€138,361above the sector's middle half▲ 12.6%€150,292above the sector's middle half▲ 8.6%€105,223above the sector's middle half▼ 30.0%€113,125above the sector's middle half▲ 7.5%
Equity€127,865within the sector's middle half-€266,226above the sector's middle half▲ 108%€416,518above the sector's middle half▲ 56.5%€398,876above the sector's middle half▼ 4.2%€212,001above the sector's middle half▼ 46.9%
Total assets€183,923within the sector's middle half-€308,924within the sector's middle half▲ 68.0%€455,497above the sector's middle half▲ 47.4%€544,027above the sector's middle half▲ 19.4%€532,834above the sector's middle half▼ 2.1%
Debt€56,058-€42,698▼ 23.8%€38,979▼ 8.7%€145,151▲ 272%€320,833▲ 121%
Working capital€126,141above the sector's middle half-€261,438above the sector's middle half▲ 107%€412,725above the sector's middle half▲ 57.9%€396,747above the sector's middle half▼ 3.9%€189,845above the sector's middle half▼ 52.1%
Solvency69.5%within the sector's middle half-86.2%above the sector's middle half▲ 16.7pp91.4%above the sector's middle half▲ 5.3pp73.3%within the sector's middle half▼ 18.1pp39.8%within the sector's middle half▼ 33.5pp
Current ratio3.25within the sector's middle half-7.12above the sector's middle half▲ 3.8711.59above the sector's middle half▲ 4.473.73within the sector's middle half▼ 7.861.59within the sector's middle half▼ 2.14
Return on assets (ROA)66.8%above the sector's middle half-44.8%above the sector's middle half▼ 22.0pp33.0%above the sector's middle half▼ 11.8pp19.3%within the sector's middle half▼ 13.7pp21.2%within the sector's middle half▲ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service 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 has fallen two years in a row; 2024 is 3% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €532,834
Fixed assets
€22,156 ▲ 941%
Current assets
€510,678 ▼ 5.8%
Equity and liabilities €532,834
Equity
€212,001 ▼ 46.9%
Debt
€320,833 ▲ 121%
Debt's share of the balance-sheet total rises from 26.7% to 60.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€133,768▼
2023 · €137,645
Cash flow
€114,418▲
2023 · €106,887
Debt to equity
1.51▲
2023 · 0.36
ROE
53.4%▲
2023 · 26.4%
Interest coverage
163.73▲
2023 · 105.07
Debt ≤ 1 year
€320,833▲
2023 · €145,151
Income taxes
€33,143▲
2023 · €30,318
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 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% | 1.9% |
| 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 6,781 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €201 | €969 | €1,546 | €1,664 | €1,293 | ▼ 22.3% |
| Other operating charges640/8 | - | €240 | €307 | €350 | €352 | ▲ 0.6% |
| Gross operating margin9900 | €164,150 | €180,251 | €199,804 | €137,995 | €134,120 | ▼ 2.8% |
| Operating profit (loss)9901 | €163,539 | €179,042 | €197,951 | €135,981 | €132,475 | ▼ 2.6% |
| Financial income75/76B | - | - | €394 | €870 | €14,610 | ▲ 1,579% |
| Recurring financial income75 | - | - | €394 | €870 | €5,827 | ▲ 570% |
| Non-recurring financial income76B | - | - | - | - | €8,783 | - |
| Financial charges65/66B | - | €1,773 | €1,470 | €1,310 | €817 | ▼ 37.6% |
| Recurring financial charges65 | €1,294 | €1,773 | €1,470 | €1,310 | €817 | ▼ 37.6% |
| Profit (loss) for the period before taxes9903 | €162,245 | €177,269 | €196,875 | €135,541 | €146,268 | ▲ 7.9% |
| Income taxes67/77 | €39,380 | €38,908 | €46,583 | €30,318 | €33,143 | ▲ 9.3% |
| Profit (loss) for the period9904 | €122,865 | €138,361 | €150,292 | €105,223 | €113,125 | ▲ 7.5% |
| Transfer to tax-exempt reserves689 | - | €58,940 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €122,865 | €79,421 | €150,292 | €105,223 | €113,125 | ▲ 7.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €183,923 | €308,924 | €455,497 | €544,027 | €532,834 | ▼ 2.1% |
| Fixed assets21/28 | €1,724 | €4,788 | €3,793 | €2,129 | €22,156 | ▲ 941% |
| Tangible fixed assets22/27 | €1,724 | €4,788 | €3,793 | €2,129 | €22,156 | ▲ 941% |
| Plant, machinery and equipment23 | - | €3,244 | €2,150 | €1,096 | €286 | ▼ 73.9% |
| Furniture and vehicles24 | - | €1,544 | €1,643 | €1,033 | €21,870 | ▲ 2,017% |
| Current assets29/58 | €182,199 | €304,136 | €451,704 | €541,898 | €510,678 | ▼ 5.8% |
| Amounts receivable within one year40/41 | €41,362 | €47,714 | €97,405 | €45,332 | €39,519 | ▼ 12.8% |
| Trade receivables40 | - | €42,495 | €97,405 | €44,452 | €38,544 | ▼ 13.3% |
| Other amounts receivable41 | - | €5,219 | - | €880 | €975 | ▲ 10.8% |
| Current investments50/53 | - | €50,000 | €95,000 | €367,500 | €421,244 | ▲ 14.6% |
| Cash at bank and in hand54/58 | €140,127 | €170,358 | €257,199 | €127,637 | €47,817 | ▼ 62.5% |
| Deferred charges and accrued income490/1 | - | €36,064 | €2,100 | €1,429 | €2,098 | ▲ 46.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €183,923 | €308,924 | €455,497 | €544,027 | €532,834 | ▼ 2.1% |
| Equity10/15 | €127,865 | €266,226 | €416,518 | €398,876 | €212,001 | ▼ 46.9% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €122,865 | €261,226 | €411,518 | €393,876 | €207,001 | ▼ 47.4% |
| Tax-exempt reserves132 | - | €58,940 | €58,940 | €58,940 | €58,940 | = |
| Distributable reserves133 | - | €202,286 | €352,578 | €334,936 | €148,061 | ▼ 55.8% |
| Amounts payable17/49 | €56,058 | €42,698 | €38,979 | €145,151 | €320,833 | ▲ 121% |
| Amounts payable within one year42/48 | €56,058 | €42,698 | €38,979 | €145,151 | €320,833 | ▲ 121% |
| Trade debts44 | €3,009 | €7,159 | €3,596 | €6,202 | €4,305 | ▼ 30.6% |
| Suppliers440/4 | - | €7,159 | €3,596 | €6,202 | €4,305 | ▼ 30.6% |
| Taxes, remuneration and social security45 | - | €35,381 | €35,374 | €16,084 | €16,528 | ▲ 2.8% |
| Taxes450/3 | - | €35,381 | €35,374 | €16,084 | €16,528 | ▲ 2.8% |
| Other amounts payable47/48 | - | €158 | €9 | €122,865 | €300,000 | ▲ 144% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €122,865 | €138,361 | €150,292 | €105,223 | €113,125 | ▲ 7.5% |
| + Depreciation and write-downs630 | €201 | €969 | €1,546 | €1,664 | €1,293 | ▼ 22.3% |
| Operating cash flow (approximation) | €123,066 | €139,330 | €151,838 | €106,887 | €114,418 | ▲ 7.0% |
| Investment in fixed assets (approximation) | - | -€4,033 | -€551 | €0 | -€21,320 | - |
| Change in cash | - | €30,231 | €86,841 | -€129,562 | -€79,820 | ▲ 38.4% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €105,223 ▼30%
Net result drops to €105,223, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €150,292 ▲8.6%
Operating result €197,951, net result €150,292, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 7.12
Current ratio from 3.25 to 7.12; short-term debt falls from €56,058 to €42,698.
31-12
Financial
Equity above €200,000Eq €266,226 ▲108%
2 profitable years in a row build equity to €266,226.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
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.
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Directors · office · real estate
Directors
2 acts for this company are 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, Leuven · 1 establishment unit since 2019
Ground area
541 m²
Building footprint
145 m²
Volume, LiDAR
919 m³
Parcel 24483E0149/00G022, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gryphus
since 20192.296.189.344
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24483E0149/00G022 | Flanders | 541 m² | 1 · 145 m² | 9.5 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.
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Of 3,149 companies in sector 63920 we hold annual accounts for 1,525. 1,177 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
Founded28-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
63920Other information service activities
11050Manufacture of beer
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738550971
Also
9925:BE0738550971
Registered
24-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.