THE GRID

Active

Private limited company (pre-2019)founded 20179 yrs activeEethoek 3, 9270 Laarne, BelgiumKBO/BCE: BE 0677.614.977

THE GRID has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53k and a net result of €34k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 58% of 31487 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

100 / 100

Excellent▲ +2 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency99▲+13

Growth78▲+26

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity ample (current ratio 2.24 against 1.53 in 2024), and 36.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk○neutral

Lower-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

63.7%

Return on assets

40.3%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

24 d early

2024

29 d late

2023

30 d late

2022

70 d late

2021

75 d late

2020

31 d late

2019

59 d late

← before the deadline after the deadline →

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 months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 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 2025, micro schema

Equity

€53k▲ 37.8%

2024 · €39k

2018: €26k 2019: €26k 2020: €35k 2021: €36k 2022: €53k 2023: €59k 2024: €39k

2018 → 2025

Total assets

€83k▲ 15.7%

2024 · €72k

2018: €39k 2019: €48k 2020: €48k 2021: €89k 2022: €80k 2023: €122k 2024: €72k

2018 → 2025

Net result

€34k▲ 76.6%

2024 · €19k

2018: €20k 2019: €20k 2020: €11k 2021: €12k 2022: €18k 2023: €6k 2024: €19k

2018 → 2025

Working capital

€37k▲ 110%

2024 · €18k

2018: €22k 2019: €23k 2020: €23k 2021: €30k 2022: €31k 2023: €30k 2024: €18k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€36k-€53k▲ 49.9%€59k▲ 10.3%€39k▼ 34.6%€53k▲ 37.8%

Operating result€19k-€26k▲ 37.0%€16k▼ 39.7%€29k▲ 84.3%€48k▲ 63.5%

Net result€12k-€18k▲ 48.0%€6k▼ 69.0%€19k▲ 244%€34k▲ 76.6%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 64% above 2024 and is the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €83k

20.3%

79.7%

Fixed assets €17k▼ 21.2%

Current assets €67k▲ 31.3%

Equity and liabilities €83k

63.7%

36.3%

Equity €53k▲ 37.8%

Debt €30k▼ 9.8%

The debt ratio falls from 46.5% to 36.3%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€57k▲

2024 · €41k

Cash flow

€43k▲

2024 · €31k

Solvency

63.7%▲

2024 · 53.5%

Current ratio

2.24▲

2024 · 1.53

Quick ratio

1.62▲

2024 · 1.53

Debt / equity

0.57▼

2024 · 0.87

ROE

63.2%▲

2024 · 49.3%

ROA

40.3%▲

2024 · 26.4%

Interest coverage

27.79▲

2024 · 26.74

Debt

€30k▼

2024 · €34k

Debt ≤ 1 year

€30k▼

2024 · €33k

Income taxes

€12k▲

2024 · €9k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€72k€83k▲

Fixed assets21/28€21k€17k▼

Tangible fixed assets22/27€21k€17k▼

Plant, machinery and equipment23€511€353▼

Furniture and vehicles24€15k€12k▼

Other tangible fixed assets26€6k€5k▼

Current assets29/58€51k€67k▲

Stocks and contracts in progress3-€18k

Stocks30/36-€18k

Amounts receivable within one year40/41€12k€9k▼

Trade receivables40€3k€2k▼

Other amounts receivable41€9k€7k▼

Cash at bank and in hand54/58€29k€32k▲

Deferred charges and accrued income490/1€10k€7k▼

Equity and liabilities

Total equity and liabilities10/49€72k€83k▲

Equity10/15€39k€53k▲

Contributions10/11€19k€19k=

Reserves13€20k€35k▲

Non-distributable reserves130/1€1k€1k=

Reserves not available under the articles1311€1k€1k=

Distributable reserves133€19k€34k▲

Profit (loss) carried forward14€0€0=

Amounts payable17/49€34k€30k▼

Amounts payable within one year42/48€33k€30k▼

Trade debts44€10k€641▼

Suppliers440/4€10k€641▼

Taxes, remuneration and social security45€14k€15k▲

Taxes450/3€14k€15k▲

Other amounts payable47/48€9k€14k▲

Accrued charges and deferred income492/3€400€506▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€9k▼

Other operating charges640/8€4k€3k▼

Gross operating margin9900€45k€61k▲

Operating profit (loss)9901€29k€48k▲

Financial income75/76B€14€26▲

Recurring financial income75€14€26▲

Financial charges65/66B€2k€2k▲

Recurring financial charges65€2k€2k▲

Profit (loss) for the period before taxes9903€28k€46k▲

Income taxes67/77€9k€12k▲

Profit (loss) for the period9904€19k€34k▲

Profit (loss) for the period to be appropriated9905€19k€34k▲

Appropriation of the result

Profit (loss) to be appropriated9906€19k€34k▲

Transfer from equity791/2€39k€19k▼

Transfer to equity691/2€19k€34k▲

To other reserves6921€19k€34k▲

Profit to be distributed694/7€39k€19k▼

Return on contributions (dividend)694€39k€19k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 2Filings 8

Next filing, fiscal year 2026, expected by 31-07-2027

2026

07-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Highest result since 2018net €34k ▲76.6%

Operating result €48k, net result €34k, both a record.

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-12

Financial Weakest financial yearnet €6k ▼69%

Net result drops to €6k, the lowest in the series; recovery starts the following year.

09-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 70 days late

2022

14-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 75 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

28-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 59 days late

2019

13-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 13 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Laarne · 1 establishment unit since 2017

establishment The establishment unit on the map

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.

Eethoek 39270 Laarne

Ground area

1,391 m²

Building footprint

166 m²

Volume, LiDAR

976 m³

Parcel 42009B0046/00C000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

THE GRID

Eethoek 3, 9270 LaarneLand transport and transport via pipelines

since 20172.267.858.119

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42009B0046/00C000	Flanders	1,391 m²	1 · 166 m²	9.6 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Nazareth-De Pinte · Eq €53k

Of 82,218 companies in sector 70200 we hold annual accounts for 52,393. 38,273 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded27-06-2017

Fiscal year end31-12

Activities, NACEBEL

70200Business and other management consultancy

70220Business consulting

90312Arts creation and performing arts activities

Sources

Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.