GRYTEC
ActiveSummary
GRYTEC has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €569,687 and a net result of €21,382. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 1040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+3
Solvency64▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.45 in 2024; short-term debt: 37.2% and cash: 12.5% of total assets), but 61% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
39%
Return on assets
1.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 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 · 10 filingsDeviation from the deadline
2025
38 d late
2024
29 d late
2023
28 d late
2022
26 d early
2021
26 d late
2020
31 d late
2019
102 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 33 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 company by total assets in Damme, Manufacturing sector#7 company by equity in Damme, Manufacturing sector
Equity
€569,687▲ 3.9%
2024 · €548,305
Total assets
€1.5m▼ 11.1%
2024 · €1.6m
Net result
€21,382▼ 23.5%
2024 · €27,953
Working capital
€332,020▲ 4.2%
2024 · €318,762
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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
Line20212022202320242025
Operating result€124,375▼ 19.2%€113,047▼ 9.1%€103,775▼ 8.2%€79,403▼ 23.5%€56,034▼ 29.4%
Net result€81,082within the sector's middle half▼ 26.7%€66,801within the sector's middle half▼ 17.6%€67,889within the sector's middle half▲ 1.6%€27,953within the sector's middle half▼ 58.8%€21,382within the sector's middle half▼ 23.5%
Equity€386,662within the sector's middle half▲ 26.5%€453,464within the sector's middle half▲ 17.3%€520,352within the sector's middle half▲ 14.8%€548,305within the sector's middle half▲ 5.4%€569,687within the sector's middle half▲ 3.9%
Total assets€1.2mwithin the sector's middle half▲ 3.4%€1.4mwithin the sector's middle half▲ 23.5%€1.6mwithin the sector's middle half▲ 9.0%€1.6mwithin the sector's middle half▲ 5.9%€1.5mwithin the sector's middle half▼ 11.1%
Debt€766,135▼ 5.4%€970,566▲ 26.7%€1.0m▲ 6.3%€1.1m▲ 6.2%€892,073▼ 18.6%
Working capital€285,709▲ 31.5%€335,396▲ 17.4%€338,446▲ 0.9%€318,762▼ 5.8%€332,020▲ 4.2%
Solvency33.5%within the sector's middle half▲ 6.1pp31.8%within the sector's middle half▼ 1.7pp33.5%within the sector's middle half▲ 1.7pp33.4%within the sector's middle half▼ 0.2pp39.0%within the sector's middle half▲ 5.6pp
Staff (FTE)5.1within the sector's middle half▲ 24.4%3.3below the sector's middle half▼ 35.3%2.4below the sector's middle half▼ 27.3%2.1below the sector's middle half▼ 12.5%2.7within the sector's middle half▲ 28.6%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 29% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€586,134 ▼ 6.1%
Current assets
€875,625 ▼ 14.1%
Equity and liabilities €1.5m
Equity
€569,687 ▲ 3.9%
Debt
€892,073 ▼ 18.6%
Debt's share of the balance-sheet total falls from 66.6% to 61.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€104,435▼
2024 · €124,477
Cash flow
€69,783▼
2024 · €73,027
Current ratio
1.61▲
2024 · 1.45
Quick ratio
1.31▲
2024 · 0.87
Debt to equity
1.57▼
2024 · 2.00
ROE
3.8%▼
2024 · 5.1%
ROA
1.5%▼
2024 · 1.7%
Interest coverage
5.91▲
2024 · 5.55
Debt ≤ 1 year
€543,605▼
2024 · €700,934
Debt > 1 year
€348,468▼
2024 · €388,954
Income taxes
€17,264▼
2024 · €30,501
Staff costs
€114,754▲
2024 · €84,918
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 10,891 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €241,327 | €233,524 | €106,189 | €84,918 | €114,754 | ▲ 35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,575 | €42,344 | €41,379 | €45,075 | €48,401 | ▲ 7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,612 | €0 | ▼ 100% |
| Other operating charges640/8 | €2,355 | €9,335 | €6,994 | €7,412 | €7,554 | ▲ 1.9% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €411,632 | €398,250 | €258,337 | €219,419 | €226,743 | ▲ 3.3% |
| Operating profit (loss)9901 | €124,375 | €113,047 | €103,775 | €79,403 | €56,034 | ▼ 29.4% |
| Financial income75/76B | €1,654 | €980 | €3,775 | €1,498 | €270 | ▼ 82.0% |
| Recurring financial income75 | €1,654 | €980 | €3,775 | €1,498 | €270 | ▼ 82.0% |
| Financial charges65/66B | €12,064 | €20,489 | €13,218 | €22,447 | €17,658 | ▼ 21.3% |
| Recurring financial charges65 | €12,064 | €20,489 | €13,218 | €22,447 | €17,658 | ▼ 21.3% |
| Profit (loss) for the period before taxes9903 | €113,965 | €93,538 | €94,332 | €58,454 | €38,646 | ▼ 33.9% |
| Income taxes67/77 | €32,883 | €26,736 | €26,444 | €30,501 | €17,264 | ▼ 43.4% |
| Profit (loss) for the period9904 | €81,082 | €66,801 | €67,889 | €27,953 | €21,382 | ▼ 23.5% |
| Profit (loss) for the period to be appropriated9905 | €81,082 | €66,801 | €67,889 | €27,953 | €21,382 | ▼ 23.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.4m | €1.6m | €1.6m | €1.5m | ▼ 11.1% |
| Fixed assets21/28 | €606,818 | €585,706 | €610,579 | €624,368 | €586,134 | ▼ 6.1% |
| Intangible fixed assets21 | €1,665 | €332 | €0 | - | €4,995 | - |
| Tangible fixed assets22/27 | €605,153 | €585,374 | €610,579 | €624,368 | €581,139 | ▼ 6.9% |
| Land and buildings22 | €571,519 | €546,208 | €563,146 | €561,249 | €535,355 | ▼ 4.6% |
| Plant, machinery and equipment23 | €22,482 | €12,916 | €6,910 | €6,693 | €8,685 | ▲ 29.8% |
| Furniture and vehicles24 | €11,152 | €26,249 | €40,523 | €56,426 | €37,099 | ▼ 34.3% |
| Current assets29/58 | €545,980 | €838,324 | €941,280 | €1.0m | €875,625 | ▼ 14.1% |
| Stocks and contracts in progress3 | €0 | - | €150,186 | €409,233 | €164,901 | ▼ 59.7% |
| Stocks30/36 | €0 | - | €150,186 | €409,233 | €164,901 | ▼ 59.7% |
| Amounts receivable within one year40/41 | €233,965 | €443,418 | €375,478 | €379,205 | €527,400 | ▲ 39.1% |
| Trade receivables40 | €233,903 | €441,849 | €373,352 | €373,198 | €525,677 | ▲ 40.9% |
| Other amounts receivable41 | €62 | €1,569 | €2,125 | €6,007 | €1,723 | ▼ 71.3% |
| Cash at bank and in hand54/58 | €312,015 | €394,906 | €414,198 | €226,651 | €182,536 | ▼ 19.5% |
| Deferred charges and accrued income490/1 | - | - | €1,418 | €4,607 | €788 | ▼ 82.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.4m | €1.6m | €1.6m | €1.5m | ▼ 11.1% |
| Equity10/15 | €386,662 | €453,464 | €520,352 | €548,305 | €569,687 | ▲ 3.9% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €192,452 | €259,254 | €501,254 | €529,154 | €551,137 | ▲ 4.2% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €0 | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €0 | - | - |
| Distributable reserves133 | €190,597 | €257,399 | €499,399 | €529,154 | €551,137 | ▲ 4.2% |
| Profit (loss) carried forward14 | €175,660 | €175,660 | €549 | €601 | €0 | ▼ 100% |
| Amounts payable17/49 | €766,135 | €970,566 | €1.0m | €1.1m | €892,073 | ▼ 18.6% |
| Amounts payable after more than one year17 | €505,864 | €467,638 | €428,673 | €388,954 | €348,468 | ▼ 10.4% |
| Financial debts170/4 | €505,864 | €467,638 | €428,673 | €388,954 | €348,468 | ▼ 10.4% |
| Amounts payable within one year42/48 | €260,271 | €502,928 | €602,833 | €700,934 | €543,605 | ▼ 22.4% |
| Current portion of amounts payable after more than one year42 | €37,501 | €38,226 | €38,965 | €39,719 | €40,486 | ▲ 1.9% |
| Trade debts44 | €99,092 | €314,012 | €297,878 | €65,681 | €169,601 | ▲ 158% |
| Suppliers440/4 | €99,092 | €314,012 | €297,878 | €65,681 | €169,601 | ▲ 158% |
| Advances received on contracts in progress46 | - | - | €190,915 | €506,277 | €207,726 | ▼ 59.0% |
| Taxes, remuneration and social security45 | €71,033 | €100,494 | €24,610 | €37,435 | €73,904 | ▲ 97.4% |
| Taxes450/3 | €66,281 | €57,606 | €7,086 | €23,903 | €54,514 | ▲ 128% |
| Remuneration and social security454/9 | €4,752 | €42,888 | €17,523 | €13,531 | €19,389 | ▲ 43.3% |
| Other amounts payable47/48 | €52,645 | €50,196 | €50,465 | €51,823 | €51,889 | ▲ 0.1% |
| Accrued charges and deferred income492/3 | - | - | - | €5,871 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81,082 | €66,801 | €67,889 | €27,953 | €21,382 | ▼ 23.5% |
| + Depreciation and write-downs630 | €43,575 | €42,344 | €41,379 | €45,075 | €48,401 | ▲ 7.4% |
| Operating cash flow (approximation) | €124,657 | €109,146 | €109,268 | €73,027 | €69,783 | ▼ 4.4% |
| Investment in fixed assets (approximation) | - | -€21,232 | -€66,253 | -€58,864 | -€10,167 | ▲ 82.7% |
| Change in cash | - | €82,891 | €19,292 | -€187,547 | -€44,115 | ▲ 76.5% |
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
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 38 days late
2025
31-12
Financial
Weakest financial yearnet €21,382 ▼23.5%
Net result drops to €21,382, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-12
Financial
Equity above €500,000Eq €520,352 ▲14.8%
6 profitable years in a row build equity to €520,352.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €110,662 ▲86.3%
Operating result €154,021, net result €110,662, both a record.
31-12
Financial
Equity above €200,000Eq €305,580 ▲56.8%
3 profitable years in a row build equity to €305,580.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 102 days late
2019
31-12
Financial
Equity above €150,000Eq €194,918 ▲43.8%
2 profitable years in a row build equity to €194,918.
Show earlier events
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Damme · 1 establishment unit since 2018
Ground area
1,766 m²
Building footprint
664 m²
Parcel 31026C0796/00B010, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Grytec
since 20182.292.442.867
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31026C0796/00B010 | Flanders | 1,766 m² | 1 · 664 m² | 0.1 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 558 EUR awarded · 558 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 214 EUR | 414 EUR |
| 2022 | 1 | 344 EUR | 144 EUR |
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,146. 1,532 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
Founded23-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
43240Other construction installation
28220Manufacture of machinery and equipment not elsewhere classified
30920Manufacture of other transport equipment
33130Repair, maintenance and installation of machinery and equipment
46180Agents specialised in the wholesale of other particular products
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0543721127
Also
9925:BE0543721127
Registered
03-12-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.