IMMO GRATRY
ActiveSummary
IMMO GRATRY has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €151,689 and a net result of -€7,975. Equity is shrinking by ~7.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability55▼-14
Solvency31▼-8
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.33 in 2023; short-term debt: 44% and cash: 0.9% of total assets), and 94.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 2024Solvency, return and age of the figures
Solvency
5.9%
Return on assets
-0.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
61 d late
2022
92 d late
2021
74 d late
2020
121 d late
2019
96 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 84 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€151,689▼ 57.8%
2023 · €359,663
Total assets
€2.6m▲ 1.4%
2023 · €2.5m
Net result
-€7,975
2023 · €2,462
Working capital
€32,060▼ 87.6%
2023 · €258,764
Trend over the years
In euros
In euros
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€262,525▲ 549%€8,638▼ 96.7%€240,947▲ 2,689%€29,415▼ 87.8%-€1,672
Net result€106,505-€27,425€166,727€2,462▼ 98.5%-€7,975
Equity€217,900▼ 30.0%€190,474▼ 12.6%€357,201▲ 87.5%€359,663▲ 0.7%€151,689▼ 57.8%
Total assets€3.3m▼ 23.8%€2.9m▼ 11.7%€2.6m▼ 8.3%€2.5m▼ 4.4%€2.6m▲ 1.4%
Debt€3.0m▼ 23.3%€2.7m▼ 11.7%€2.2m▼ 16.3%€2.1m▼ 5.2%€2.4m▲ 11.5%
Working capital-€593,577▲ 62.6%-€250,095▲ 57.9%€223,620€258,764▲ 15.7%€32,060▼ 87.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1,672 after €29,415 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.6m
Fixed assets
€1.4m ▼ 4.5%
Current assets
€1.2m ▲ 9.6%
Equity and liabilities €2.6m
Equity
€151,689 ▼ 57.8%
Provisions
€26,344 ▼ 8.3%
Debt
€2.4m ▲ 11.5%
Debt's share of the balance-sheet total rises from 84.6% to 93.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€109,519▼
2023 · €157,427
Cash flow
€103,217▼
2023 · €130,475
Current ratio
1.03▼
2023 · 1.33
Debt to equity
15.67▲
2023 · 5.93
ROE
-5.3%▼
2023 · 0.7%
ROA
-0.3%▼
2023 · 0.1%
Interest coverage
4.38▼
2023 · 6.15
Debt ≤ 1 year
€1.1m▲
2023 · €795,642
Debt > 1 year
€1.3m▼
2023 · €1.3m
Income taxes
€511▼
2023 · €2,936
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,104 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
1.8%
went bankrupt
3.6%
stopped otherwise
94%
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 1.4% 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 497,340 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 1,104 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €207,495 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €196,566 | €186,223 | €141,623 | €128,012 | €111,191 | ▼ 13.1% |
| Other operating charges640/8 | - | €30,582 | €26,932 | €28,562 | €30,787 | ▲ 7.8% |
| Non-recurring operating charges66A | - | €11,849 | €80,004 | - | - | - |
| Gross operating margin9900 | €493,805 | €237,292 | €489,505 | €185,989 | €140,307 | ▼ 24.6% |
| Operating profit (loss)9901 | €262,525 | €8,638 | €240,947 | €29,415 | -€1,672 | ▼ 106% |
| Financial income75/76B | - | €3 | €5,460 | - | €16,821 | - |
| Recurring financial income75 | €111 | €3 | €5,460 | - | €24 | - |
| Non-recurring financial income76B | - | - | - | - | €16,797 | - |
| Financial charges65/66B | - | €35,879 | €30,704 | €25,596 | €24,982 | ▼ 2.4% |
| Recurring financial charges65 | €155,897 | €35,879 | €30,704 | €25,596 | €24,982 | ▼ 2.4% |
| Profit (loss) for the period before taxes9903 | €106,739 | -€27,238 | €215,703 | €3,819 | -€9,833 | ▼ 357% |
| Transfer from deferred taxes780 | - | - | €1,580 | €1,580 | €2,369 | ▲ 50.0% |
| Transfer to deferred taxes680 | - | - | €31,873 | - | - | - |
| Income taxes67/77 | €235 | €188 | €18,683 | €2,936 | €511 | ▼ 82.6% |
| Profit (loss) for the period9904 | €106,505 | -€27,425 | €166,727 | €2,462 | -€7,975 | ▼ 424% |
| Transfer from tax-exempt reserves789 | - | - | €4,739 | €4,739 | €7,108 | ▲ 50.0% |
| Transfer to tax-exempt reserves689 | - | - | €95,619 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €106,505 | -€27,425 | €75,847 | €7,201 | -€867 | ▼ 112% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.3m | €2.9m | €2.6m | €2.5m | €2.6m | ▲ 1.4% |
| Fixed assets21/28 | €2.4m | €1.9m | €1.6m | €1.5m | €1.4m | ▼ 4.5% |
| Intangible fixed assets21 | €37,331 | €12,319 | €1,848 | €1,848 | - | - |
| Tangible fixed assets22/27 | €2.4m | €1.9m | €1.6m | €1.4m | €1.4m | ▼ 3.2% |
| Land and buildings22 | - | €1.8m | €1.5m | €1.4m | €1.4m | ▼ 1.7% |
| Plant, machinery and equipment23 | - | €9,325 | €6,441 | €3,889 | €1,343 | ▼ 65.5% |
| Furniture and vehicles24 | - | €91,598 | €88,555 | €64,962 | €45,312 | ▼ 30.2% |
| Financial fixed assets28 | €19,632 | €19,632 | €19,632 | €19,632 | €870 | ▼ 95.6% |
| Current assets29/58 | €842,677 | €973,165 | €1.0m | €1.1m | €1.2m | ▲ 9.6% |
| Amounts receivable within one year40/41 | €797,495 | €881,374 | €1.0m | €1.0m | €1.1m | ▲ 10.9% |
| Trade receivables40 | - | - | - | - | €647 | - |
| Other amounts receivable41 | - | €881,374 | €1.0m | €1.0m | €1.1m | ▲ 10.8% |
| Cash at bank and in hand54/58 | €38,201 | €85,175 | €8,343 | €29,366 | €22,360 | ▼ 23.9% |
| Deferred charges and accrued income490/1 | - | €6,616 | €4,671 | €4,097 | €1,269 | ▼ 69.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.3m | €2.9m | €2.6m | €2.5m | €2.6m | ▲ 1.4% |
| Equity10/15 | €217,900 | €190,474 | €357,201 | €359,663 | €151,689 | ▼ 57.8% |
| Contributions10/11 | €380,000 | €380,000 | €380,000 | €380,000 | €180,000 | ▼ 52.6% |
| Capital10 | - | €380,000 | €380,000 | €380,000 | €180,000 | ▼ 52.6% |
| Issued capital100 | - | €380,000 | €380,000 | €380,000 | €180,000 | ▼ 52.6% |
| Reserves13 | - | - | €90,879 | €86,140 | €79,033 | ▼ 8.3% |
| Tax-exempt reserves132 | - | - | €90,879 | €86,140 | €79,033 | ▼ 8.3% |
| Profit (loss) carried forward14 | -€162,100 | -€189,526 | -€113,678 | -€106,477 | -€107,344 | ▼ 0.8% |
| Provisions and deferred taxes16 | - | - | €30,293 | €28,713 | €26,344 | ▼ 8.3% |
| Deferred taxes168 | - | - | €30,293 | €28,713 | €26,344 | ▼ 8.3% |
| Amounts payable17/49 | €3.0m | €2.7m | €2.2m | €2.1m | €2.4m | ▲ 11.5% |
| Amounts payable after more than one year17 | €1.6m | €1.5m | €1.4m | €1.3m | €1.3m | ▼ 6.2% |
| Financial debts170/4 | - | €1.5m | €1.4m | €1.3m | €1.3m | ▼ 6.2% |
| Amounts payable within one year42/48 | €1.4m | €1.2m | €818,752 | €795,642 | €1.1m | ▲ 41.2% |
| Current portion of amounts payable after more than one year42 | - | €73,853 | €83,384 | €89,681 | €82,832 | ▼ 7.6% |
| Financial debts43 | - | €400,000 | - | - | - | - |
| Credit institutions430/8 | - | €400,000 | - | - | - | - |
| Trade debts44 | €33,814 | €17,433 | €27,147 | €0 | €280,843 | - |
| Suppliers440/4 | - | €17,433 | €27,147 | €0 | €280,843 | - |
| Taxes, remuneration and social security45 | - | €9,829 | €21,612 | €24,361 | €3,447 | ▼ 85.9% |
| Taxes450/3 | - | €511 | €18,825 | €21,573 | €3,447 | ▼ 84.0% |
| Remuneration and social security454/9 | - | €9,318 | €2,787 | €2,787 | - | - |
| Other amounts payable47/48 | - | €722,146 | €686,609 | €681,601 | €756,656 | ▲ 11.0% |
| Accrued charges and deferred income492/3 | - | €2,235 | €4,070 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106,505 | -€27,425 | €166,727 | €2,462 | -€7,975 | ▼ 424% |
| + Depreciation and write-downs630 | €196,566 | €186,223 | €141,623 | €128,012 | €111,191 | ▼ 13.1% |
| Operating cash flow (approximation) | €303,070 | €158,797 | €308,349 | €130,475 | €103,217 | ▼ 20.9% |
| Investment in fixed assets (approximation) | - | €325,960 | €167,509 | €0 | -€44,720 | - |
| Change in cash | - | €46,974 | -€76,832 | €21,023 | -€7,005 | ▼ 133% |
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
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-12
Financial
Back to profitnet €166,727
Net result €166,727 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €357,201 ▲87.5%
Equity rises from €190,474 to €357,201.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
31-12
Financial
Weakest financial yearnet -€27,425
Net result drops to -€27,425, the lowest in the series; recovery starts the following year.
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
2020
31-12
Financial
Back to profitnet €106,505
Net result €106,505 after one loss-making year.
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 49 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Sint-Pieters-Woluwe · 1 establishment unit since 1993
Ground area
276 m²
Building footprint
254 m²
Volume, LiDAR
2,323 m³
Parcel 21683D0266/00G002, Brussels · tallest building 14.9 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Grootveldlaan 101, 1150 Sint-Pieters-Woluwe
since 19932.061.795.970
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0266/00G002 | Brussels | 276 m² | 1 · 254 m² | 14.9 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.
Identification & contact
Identification
Legal formPublic limited company
Founded09-02-1993
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449325279
Registered
19-12-2025
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.