IMMOBILIERE GRISAR
ActiveSummary
IMMOBILIERE GRISAR has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81k and a net result of €-3k. Equity is shrinking by ~8.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▲+52
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 36.58; short-term debt: 0.9% and cash: 6.9% of total assets), and 6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-3k
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 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
45 d early
2023
50 d early
2022
21 d early
2021
81 d early
2020
24 d late
2019
32 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€81k▼ 3.0%
2024 · €84k
2018: €111k
2019: €140k
2020: €127k
2021: €114k
2022: €99k
2023: €88k
2024: €84k
2018 → 2025
Total assets
€86k▼ 2.8%
2024 · €89k
2018: €128k
2019: €153k
2020: €136k
2021: €122k
2022: €106k
2023: €94k
2024: €89k
2018 → 2025
Net result
€-3k▲ 40.6%
2024 · €-4k
2018: €-4k
2019: €29k
2020: €-13k
2021: €-13k
2022: €-14k
2023: €-12k
2024: €-4k
2018 → 2025
Working capital
€29k▲ 0.3%
2022 · €29k
2018: €10k
2019: €35k
2020: €32k
2021: €32k
2022: €29k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€114k-€99k▼ 12.7%€88k▼ 11.7%€84k▼ 4.8%€81k▼ 3.0%
Operating result€-14k-€-15k▼ 10.0%€-12k▲ 18.5%€-5k▲ 60.0%€-3k▲ 34.7%
Net result€-13k-€-14k▼ 10.6%€-12k▲ 19.4%€-4k▲ 63.8%€-3k▲ 40.6%
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 stays negative: a loss of €3k in 2025 against €5k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €86k
Fixed assets
€56k ▼ 7.1%
Current assets
€30k ▲ 6.4%
Equity and liabilities €86k
Equity
€81k
Provisions
€4k
Debt
€816
Debt finances 0.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€1k▲
2024 · €-622
Cash flow
€2k▲
2024 · €107
Current ratio
36.58
Debt to equity
0.01
ROE
-3.1%▲
2024 · -5.1%
ROA
-2.9%▲
2024 · -4.8%
Interest coverage
10.73▲
2024 · -6.10
Debt ≤ 1 year
€816
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€89k€86k▼
Fixed assets21/28€61k€56k▼
Tangible fixed assets22/27€61k€56k▼
Land and buildings22€61k€56k▼
Current assets29/58€28k€30k▲
Amounts receivable within one year40/41€16k€23k▲
Trade receivables40€0-
Other amounts receivable41€16k€23k▲
Cash at bank and in hand54/58€11k€6k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€89k€86k▼
Equity10/15€84k€81k▼
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€15k€13k▼
Tax-exempt reserves132€15k€13k▼
Profit (loss) carried forward14€-56k€-56k=
Provisions and deferred taxes16€5k€4k▼
Deferred taxes168€5k€4k▼
Amounts payable17/49-€816
Amounts payable within one year42/48-€816
Trade debts44-€816
Suppliers440/4-€816
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€2k€1k▼
Gross operating margin9900€1k€2k▲
Operating profit (loss)9901€-5k€-3k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€102€102=
Recurring financial charges65€102€102=
Profit (loss) for the period before taxes9903€-5k€-3k▲
Transfer from deferred taxes780€831€831=
Profit (loss) for the period9904€-4k€-3k▲
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€-2k€-13▲
Appropriation of the result
Profit (loss) to be appropriated9906€-56k€-56k=
Profit (loss) brought forward from the previous period14P€-54k€-56k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
11-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 595.33
Current ratio from 144.83 to 595.33; short-term debt falls from €222 to €54.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
31-12
Financial
Liquidity times 27current ratio 114.85
Current ratio from 4.27 to 114.85; short-term debt falls from €3k to €309.
13-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Oud-Heverlee · 1 establishment unit since 1986
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Naamsesteenweg 823052 Oud-HeverleeGround area
1,728 m²
Building footprint
616 m²
Volume, LiDAR
648 m³
2 parcels, Brussels, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vrije-Academielaan 5 12, 1070 Anderlecht
since 19862.036.825.893
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0175/00D000 | Brussels | 1,224 m² | 1 · 504 m² | - |
| 24013A0033/00T000 | Flanders | 504 m² | 1 · 113 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-04-1986
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.