JOAGRY GRYSPEERT

Limited partnershipfounded 200422 yrs activeRue Joseph Hamels 35, 4367 Crisnée, BelgiumKBO/BCE: BE 0865.622.258

JOAGRY GRYSPEERT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2019 annual accounts show equity of €174k and a net result of €13k. The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

No current score

Figures too old

The available figures for FY 2019 are too old to assess current financial health.

Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.

Axes, FY 2019

Profitability40

Solvency37

Growth-

Track record85

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 01

Relative position

BE, all sectors

reference

Sector 01

lower

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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 2019

Solvency, return and age of the figures

Solvency

12.1%

Return on assets

0.9%

Age of the figures

90 mo

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

No filing for years

The last filed financial year closed on 31-03-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 8 filings

Position against the passed deadline

31-03-2020 close31-10-2020 deadline18-09-2026 today

Filed after the deadline

The financial year that closed on 31-03-2019 was due by 31-10-2019 and was filed on 06-11-2019, 6 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 · 8 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

6 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2019, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€13k

Working capital

€-106k

Balance-sheet composition

Assets €1.44M

55.5%

44.5%

Fixed assets €800k

Current assets €641k

Equity and liabilities €1.44M

12.1%

87.9%

Equity €174k

Debt €1.27M

Debt finances 87.9% of the balance-sheet total.

Key figures and ratios

2019 value

EBITDA

€229k

Cash flow

€211k

Solvency

12.1%

Current ratio

0.86

Quick ratio

0.84

Debt / equity

2.99

ROE

7.4%

ROA

0.9%

Debt

€1.27M

Debt ≤ 1 year

€747k

Debt > 1 year

€520k

Filed annual accounts

As filed with the NBB · 2019

Balance sheet Code2019

Assets

Total assets20/58€1.44M

Fixed assets21/28€800k

Tangible fixed assets22/27€800k

Financial fixed assets28€50

Current assets29/58€641k

Stocks and contracts in progress3€13k

Amounts receivable within one year40/41€610k

Cash at bank and in hand54/58€13k

Equity and liabilities

Total equity and liabilities10/49€1.44M

Equity10/15€174k

Contributions10/11€47k

Reserves13€60k

Profit (loss) carried forward14€54k

Amounts payable17/49€1.27M

Amounts payable after more than one year17€520k

Amounts payable within one year42/48€747k

Trade debts44€334k

Income statement Code2019

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€198k

Gross operating margin9900€346k

Operating profit (loss)9901€30k

Recurring financial income75€6k

Recurring financial charges65€23k

Profit (loss) for the period before taxes9903€13k

Profit (loss) for the period9904€13k

Profit (loss) for the period to be appropriated9905€13k

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