LE GRATIN
ActiveLE GRATIN has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €463k and a net result of €102k. Equity is growing by ~30.7% per year across the filed fiscal years. Its solvency ranks better than 72% of 864 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
88
/ 100
Excellent▲ +4 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency81▲+21
Growth78=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.02 in 2023), and 45.8% of the assets are financed with debt.
Credit advice for your own amount and term
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
84 d early
2021
31 d late
2020
149 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€1.32M
EBIT margin
3.6%
Net result
€102k▼ 59.7%
2023 · €252k
2018: €30k
2019: €15k
2020: €19k
2021: €61k
2022: €102k
2023: €252k
2018 → 2024
Working capital
€117k▲ 825%
2023 · €13k
2018: €-142k
2019: €-204k
2020: €-208k
2021: €-251k
2022: €-147k
2023: €13k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€137k-€198k▲ 44.5%€301k▲ 51.6%€377k▲ 25.3%€463k▲ 22.9%
Operating result€45k-€98k▲ 118%€171k▲ 74.2%€369k▲ 116%€163k▼ 55.9%
Net result€19k-€61k▲ 223%€102k▲ 67.6%€252k▲ 146%€102k▼ 59.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 56% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €853k
Fixed assets
€346k▼ 16.6%
Current assets
€508k▼ 10.7%
Equity and liabilities €853k
Equity
€463k▲ 22.9%
Debt
€390k▼ 35.6%
The debt ratio falls from 61.7% to 45.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€236k▼
2023 · €443k
Cash flow
€175k▼
2023 · €326k
Solvency
54.2%▲
2023 · 38.3%
Current ratio
1.30▲
2023 · 1.02
Quick ratio
1.25▲
2023 · 0.97
Debt / equity
0.84▼
2023 · 1.61
ROE
22.0%▼
2023 · 66.9%
ROA
11.9%▼
2023 · 25.6%
Interest coverage
12.38▼
2023 · 19.24
Debt
€390k▼
2023 · €606k
Debt ≤ 1 year
€390k▼
2023 · €556k
Income taxes
€50k▼
2023 · €99k
Staff costs
€314k▲
2023 · €277k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€983k€853k▼
Fixed assets21/28€414k€346k▼
Tangible fixed assets22/27€414k€346k▼
Land and buildings22€194k€184k▼
Plant, machinery and equipment23€139k€113k▼
Furniture and vehicles24€82k€49k▼
Financial fixed assets28€134€134=
Current assets29/58€569k€508k▼
Stocks and contracts in progress3€28k€21k▼
Stocks30/36€28k€21k▼
Amounts receivable within one year40/41€87k€47k▼
Trade receivables40€14k€19k▲
Other amounts receivable41€74k€27k▼
Cash at bank and in hand54/58€449k€435k▼
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€983k€853k▼
Equity10/15€377k€463k▲
Contributions10/11€19k€19k=
Reserves13€334k€420k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€332k€418k▲
Profit (loss) carried forward14€25k€25k=
Amounts payable17/49€606k€390k▼
Amounts payable after more than one year17€50k-
Financial debts170/4€50k-
Amounts payable within one year42/48€556k€390k▼
Current portion of amounts payable after more than one year42€72k€50k▼
Trade debts44€152k€171k▲
Suppliers440/4€152k€171k▲
Taxes, remuneration and social security45€156k€153k▼
Taxes450/3€107k€109k▲
Remuneration and social security454/9€49k€44k▼
Other amounts payable47/48€176k€15k▼
Income statement
Code20232024
Non-recurring operating income76A€149k-
Remuneration, social security and pensions62€277k€314k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€73k▼
Other operating charges640/8€10k€11k▲
Gross operating margin9900€730k€561k▼
Operating profit (loss)9901€369k€163k▼
Financial income75/76B€5k€8k▲
Recurring financial income75€5k€8k▲
Financial charges65/66B€23k€19k▼
Recurring financial charges65€23k€19k▼
Profit (loss) for the period before taxes9903€351k€151k▼
Income taxes67/77€99k€50k▼
Profit (loss) for the period9904€252k€102k▼
Profit (loss) for the period to be appropriated9905€252k€102k▼
Appropriation of the result
Profit (loss) to be appropriated9906€277k€126k▼
Profit (loss) brought forward from the previous period14P€25k€25k=
Transfer from equity791/2-€15k
Transfer to equity691/2€76k€102k▲
To other reserves6921€76k€102k▲
Profit to be distributed694/7€176k€15k▼
Return on contributions (dividend)694€176k€15k▼
Social balance
Average headcount (FTE)90877.27.8▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €252k ▲146%
Operating result €369k, net result €252k, both a record.
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200kEq €301k ▲51.6%
5 profitable years in a row build equity to €301k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Equity above €150kEq €198k ▲44.5%
4 profitable years in a row build equity to €198k.
27-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 149 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet €15k ▼47.9%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Grâce-Hollogne · 3 establishment units since 1987
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.
Rue de l'Avenir 74460 Grâce-HollogneGround area
1,843 m²
Building footprint
998 m²
Volume, LiDAR
5,459 m³
2 parcels, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
Rue de l'Avenir 7, 4460 Grâce-Hollogne
since 19872.032.407.742
LE SAND SEPT
since 20022.032.407.841
Rue de Bruxelles 40, 4340 Awans
since 20192.284.334.162
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62006B0011/00N000 | Wallonia | 1,218 m² | 1 · 552 m² | 8.6 m · 2 fl. |
| 62046A0018/00L004 | Wallonia | 626 m² | 1 · 446 m² | 6.7 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
3 sitesAwans2.284.334.162
Grâce-Hollogne2.032.407.742
Herstal2.032.407.841
Similar companies · same sector, comparable size
FW Bioconsult
BE 0754.919.227
Neupré · Eq €459k
DYNA Specialist
BE 0779.400.047
Elsene · Eq €468k
KARRAS
BE 0437.114.167
Verviers · Eq €456k
TRAITEUR DE SINGEL
BE 0879.952.623
Balen · Eq €454k
Re:Source
BE 0779.748.752
Wielsbeke · Eq €481k
Of 389 companies in sector 10890 we hold annual accounts for 221. 113 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-1987
Fiscal year end31-12
Activities, NACEBEL
10890Manufacture of food products
15890
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.