Les Grignoux

Active

Non-profit associationfounded 1978active for 47 yearsRue Soeurs-de-Hasque 9, 4000 Liège, Belgium14 active companies are registered at this addressKBO/BCE: BE 0419.172.434

Summary

Les Grignoux has been active since 1978 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €837,415 and a net result of -€676,073. Equity is shrinking by about 11% per year across the filed financial years. Its solvency ranks better than 30% of 640 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

Les GrignouxActiveChecked score 91/100

Risk analysis Report Compare

Activity

Arts creation and performing arts activities

NACE 90312Motion picture, video and television programme production, sound recording and music publishing activities NACE 59140

3rd largest employer in the province of Liège, Creative and performing arts sector9 sites

Size

€6.6mturnover 2025

Staff: 130.6 FTE
Equity: €837,415
Deficit: -€676,073

Financial health

91 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Structure

2025 accounts 40 days early4 of 20 deeds summarised

Why 91raises riskLoss of €676,073 (financial year 2025)lowers riskLegal form: non-profit associationLiquidity: current ratio 1.36, cash €1.1mSector: Arts creation and performing arts activities (NACE 90)Show the evidence

Checked score

Score 2025

91 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 29% of its sector peers (NACE 90, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 44-9

equity 18.6% of total assets

Liquidity 60+7

short-term debt 41.9% · cash 23.6%

Profitability 0-65

return on assets -15.0%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (31 companies, NACE 90, medium-sized)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026highest value

Credit of up to €75,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.36, compared with 1.3 in 2024, below the usual 1.5; short-term debt: 41.9% and cash: 23.6% of total assets), and 81.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 90, medium-sized): better than 27% on solvency, 70% on liquidity, 3% on profitability and 18% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Legal form: non-profit association

KBO

Loss of €676,073 (financial year 2025)

NBB · annual accounts

Liquidity: current ratio 1.36, cash €1.1m

NBB · annual accounts

Sector: Arts creation and performing arts activities (NACE 90)

KBO

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-06-2026, 40 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

40 days early

2024

92 days late

2023

71 days early

2022

94 days early

2021

67 days early

2020

31 days early

2019

45 days early

← 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 37 days before the deadline; the sector median (NACE 90) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 May (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

27-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

21-06-2026 Annual accounts filedfinancial year 2025 · abbreviated…
06-05-2026 Resignations: Séverine Gillain (director) and Nicolas…Gazette deed
31-12-2025 Weakest financial yearnet -€676,073

Key points

Caution: From profit to loss in 2025after €170,517 in 2024 -€676,073 View
Caution: Among the weakest 5% on net resultsector median €12,387 · 643 companies -€676,073 View
Wallonia-Brussels supportpaid from 2021 to 2025 €7.0m View
Directors leftlatest change 27-11-2025 · 0 in office 2 left View
Active since 1978founded 18-12-1978 47 years View

By topic

Financials

Financial year: 2025
Turnover: €6.6m
Loss: -€676,073
Solvency: 18.6%

Turnover▼ 2.5%

Net result

20182025

Go to Financials

Timeline

Events: 28
Since: 2007
Next accounts: by 31-07-2027

31-10-2025Annual accounts filed
31-12-2024Back to profit
06-12-2024Appointment: Marine Troisfontaines (déléguée à la gestion…

Go to Timeline

Company details

Sites: 9

Legal form: Non-profit association
Activity: Arts creation and performing arts activitiesNACE 90312
Founded: 18-12-1978
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 25

Who signs: Two directors jointly
Purpose: “L'exploitation de salles de cinémas; L'exploitation de lieux HoReCa, attenants aux salles…” (deed in French)

Go to Articles of association

Key facts about Les Grignoux

What is the company number of Les Grignoux?: 0419.172.434. In Belgium the VAT number is the company number with BE in front: BE 0419.172.434.
Where is Les Grignoux based?: The registered office is at Rue Soeurs-de-Hasque 9, 4000 Liège.Company details
What does Les Grignoux do?: According to the KBO register, the main activity is arts creation and performing arts activities (NACE 90312).
What is the legal form of Les Grignoux?: Non-profit association (VZW).
When was Les Grignoux founded?: On 18-12-1978.
Is Les Grignoux still active?: Yes, Les Grignoux is an active enterprise in the KBO register.
How many employees does Les Grignoux have?: On average 130.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Les Grignoux?: €6.6m in financial year 2025, according to the filed annual accounts.
Is Les Grignoux profitable?: In financial year 2025, Les Grignoux made a loss of €676,073.
Where can I find the annual accounts of Les Grignoux?: Les Grignoux filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Les Grignoux due?: By 31-07-2027, for financial year 2026.Timeline