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GRAMYBEL

Active
Public limited companyfounded 200223 yrs activeEurozonelaan 1, 7700 Mouscron, BelgiumKBO/BCE: BE 0479.142.089
Summary

GRAMYBEL has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9.39M and a net result of €1.23M. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 16% of 862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysis Watch Report Compare
GRAMYBELActiveChecked score 52/100
Risk analysis Report Compare

Checked score

Score 2024
52 / 100
Fair
Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability66▼-4
Solvency36▼-8
Growth61▼-7
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €480k at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.72 in 2023; short-term debt: 75.7% and cash: 3.5% of total assets), and 88.9% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · 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
highest failure risk from 2 to 8 years 23 years 0 30 y
raises risk · 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
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
11.1%
Return on assets
1.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 862 sector peers (2024).
NBB · sector comparison
Position among 862 sector peers
Solvency
better than 16%
← weakest strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €9.39M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
29 d early
2023
211 d late
2022
48 d early
2021
122 d late
2020
21 d early
2019
21 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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 2024, full schema

Turnover
€58.97M▼ 17.9%
2023 · €71.80M
EBIT margin
3.3%▼ 2.3pp
2023 · 5.6%
Net result
€1.23M▼ 59.9%
2023 · €3.07M
Working capital
€-20.46M▼ 119%
2023 · €-9.35M
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€36.07M▲ 7.0%€39.27M▲ 8.9%€54.85M▲ 39.7%€71.80M▲ 30.9%€58.97M▼ 17.9%
Operating result€-12k€-2.36M▼ 20,139%€-2.05M▲ 13.1%€4.04M€1.94M▼ 52.0%
Net result€-113k€-2.47M▼ 2,080%€-2.35M▲ 4.7%€3.07M€1.23M▼ 59.9%
EBIT margin0.0%▼ 0.5pp-6.0%▼ 6.0pp-3.7%▲ 2.3pp5.6%▲ 9.4pp3.3%▼ 2.3pp
Equity€10.03M▼ 1.6%€7.50M▼ 25.2%€5.11M▼ 31.9%€8.17M▲ 59.9%€9.39M▲ 15.0%
Total assets€30.92M▲ 20.9%€35.05M▲ 13.4%€44.15M▲ 26.0%€42.25M▼ 4.3%€84.84M▲ 101%
Debt€20.82M▲ 36.0%€25.88M▲ 24.3%€37.34M▲ 44.3%€34.01M▼ 8.9%€75.37M▲ 122%
Working capital€-3.77M▼ 12.5%€-8.69M▼ 130%€-9.20M▼ 5.9%€-9.35M▼ 1.7%€-20.46M▼ 119%
Staff (FTE)56.4▼ 5.5%60.2▲ 6.7%64▲ 6.3%64.7▲ 1.1%62.8▼ 2.9%
Result per fiscal year
Operating resultNet result
€-4.00M€-2.00M€0€2.00M€4.00MOperating result 2020: €-12k€-12kNet result 2020: €-113k€-113kOperating result 2021: €-2.36M€-2.36MNet result 2021: €-2.47M€-2.47MOperating result 2022: €-2.05M€-2.05MNet result 2022: €-2.35M€-2.35MOperating result 2023: €4.04M€4.04MNet result 2023: €3.07M€3.07MOperating result 2024: €1.94M€1.94MNet result 2024: €1.23M€1.23M20202021202220232024€-4M€-2M€0€2M€4MOperating result 2022: €-2.05M€-2MNet result 2022: €-2.35M€-2.4MOperating result 2023: €4.04M€4MNet result 2023: €3.07M€3.1MOperating result 2024: €1.94M€1.9MNet result 2024: €1.23M€1.2M202220232024
The operating result falls in 2024; 2024 is 52% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €84.84M
Fixed assets €41.10M ▲ 124%
Current assets €43.74M ▲ 82.9%
Equity and liabilities €84.84M
Equity €9.39M ▲ 15.0%
Provisions €69k =
Debt €75.37M ▲ 122%
Debt's share of the balance-sheet total rises from 80.5% to 88.8%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€5.56M▼
2023 · €6.35M
Cash flow
€4.86M▼
2023 · €5.38M
Current ratio
0.68▼
2023 · 0.72
Quick ratio
0.66▼
2023 · 0.71
Debt to equity
8.02▲
2023 · 4.16
ROE
13.1%▼
2023 · 37.6%
ROA
1.5%▼
2023 · 7.3%
Interest coverage
20.23▲
2023 · 11.01
Debt ≤ 1 year
€64.19M▲
2023 · €33.26M
Debt > 1 year
€10.28M▲
2023 · €520k
Income taxes
€437k▲
2023 · €416k
Staff costs
€3.86M▼
2023 · €3.90M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 81 lines
Balance sheet Code20232024
Assets
Total assets20/58€42.25M€84.84M▲
Fixed assets21/28€18.34M€41.10M▲
Intangible fixed assets21€70k€6k▼
Tangible fixed assets22/27€18.22M€41.04M▲
Land and buildings22€7.71M€10.81M▲
Plant, machinery and equipment23€7.97M€16.35M▲
Furniture and vehicles24€106k€127k▲
Leasing and similar rights25-€11.32M
Other tangible fixed assets26€24k€24k▼
Assets under construction and advance payments27€2.41M€2.41M=
Financial fixed assets28€50k€50k=
Affiliated companies280/1€50k€50k=
Participating interests280€50k€50k=
Current assets29/58€23.91M€43.74M▲
Stocks and contracts in progress3€162k€1.13M▲
Stocks30/36€162k€1.13M▲
Raw materials and consumables30/31€162k€1.13M▲
Amounts receivable within one year40/41€21.85M€38.99M▲
Trade receivables40€20.72M€37.85M▲
Other amounts receivable41€1.14M€1.14M=
Cash at bank and in hand54/58€1.19M€2.96M▲
Deferred charges and accrued income490/1€701k€666k▼
Equity and liabilities
Total equity and liabilities10/49€42.25M€84.84M▲
Equity10/15€8.17M€9.39M▲
Contributions10/11€2.63M€2.63M=
Capital10€2.63M€2.63M=
Issued capital100€2.63M€2.63M=
Revaluation surpluses12€6.09M€6.09M=
Reserves13€263k€263k=
Non-distributable reserves130/1€263k€263k=
Legal reserve130€263k€263k=
Profit (loss) carried forward14€-1.01M€219k▲
Investment grants15€190k€186k▼
Provisions and deferred taxes16€69k€69k=
Deferred taxes168€69k€69k=
Amounts payable17/49€34.01M€75.37M▲
Amounts payable after more than one year17€520k€10.28M▲
Financial debts170/4€520k€10.28M▲
Leasing and similar obligations172€6k€9.81M▲
Credit institutions173€514k€465k▼
Amounts payable within one year42/48€33.26M€64.19M▲
Current portion of amounts payable after more than one year42€55k€1.57M▲
Trade debts44€18.57M€61.36M▲
Suppliers440/4€18.57M€61.36M▲
Taxes, remuneration and social security45€923k€1.26M▲
Taxes450/3€422k€834k▲
Remuneration and social security454/9€501k€422k▼
Other amounts payable47/48€13.70M-
Accrued charges and deferred income492/3€232k€900k▲
Income statement Code20232024
Operating income70/76A€65.50M€59.09M▼
Turnover70€71.80M€58.97M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-6.45M-
Other operating income74€156k€122k▼
Operating charges60/66A€61.46M€57.15M▼
Goods for resale, raw materials and consumables60€37.75M€35.60M▼
Purchases600/8€36.47M€36.57M▲
Change in stocks: decrease (increase)609€1.28M€-965k▼
Services and other goods61€18.35M€13.74M▼
Remuneration, social security and pensions62€3.90M€3.86M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.31M€3.63M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-98k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€-1.63M-
Other operating charges640/8€874k€315k▼
Operating profit (loss)9901€4.04M€1.94M▼
Financial income75/76B€35k€8k▼
Recurring financial income75€35k€8k▼
Income from current assets751€5k-
Other financial income752/9€30k€8k▼
Financial charges65/66B€587k€276k▼
Recurring financial charges65€587k€276k▼
Debt charges650€577k€275k▼
Other financial charges652/9€10k€1k▼
Profit (loss) for the period before taxes9903€3.48M€1.67M▼
Income taxes67/77€416k€437k▲
Taxes670/3€417k€437k▲
Tax adjustments and reversals of tax provisions77€1k-
Profit (loss) for the period9904€3.07M€1.23M▼
Profit (loss) for the period to be appropriated9905€3.07M€1.23M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.01M€219k▲
Profit (loss) brought forward from the previous period14P€-4.08M€-1.01M▲
Social balance
Average headcount (FTE)908764.762.8▼

The notes to these accounts (73 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A-€39.32M€59.68M€65.50M€59.09M▼ 9.8%
Turnover70€36.07M€39.27M€54.85M€71.80M€58.97M▼ 17.9%
Change in stocks of work in progress, finished goods and contracts in progress71-€-1.56M€4.07M€-6.45M--
Own construction capitalised72-€195k€0---
Other operating income74-€1.41M€761k€156k€122k▼ 21.9%
Non-recurring operating income76A-€85€0---
Operating charges60/66A-€41.68M€61.73M€61.46M€57.15M▼ 7.0%
Goods for resale, raw materials and consumables60-€24.22M€32.11M€37.75M€35.60M▼ 5.7%
Purchases600/8-€24.17M€32.00M€36.47M€36.57M▲ 0.3%
Change in stocks: decrease (increase)609-€50k€110k€1.28M€-965k▼ 175%
Services and other goods61-€8.98M€21.06M€18.35M€13.74M▼ 25.1%
Remuneration, social security and pensions62-€3.48M€3.87M€3.90M€3.86M▼ 0.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.74M€2.03M€2.43M€2.31M€3.63M▲ 56.7%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0€98k€-98k--
Provisions for liabilities and charges: additions (uses and reversals)635/8-€1.59M€42k€-1.63M--
Other operating charges640/8-€382k€2.12M€874k€315k▼ 63.9%
Non-recurring operating charges66A-€996k€0---
Operating profit (loss)9901€-12k€-2.36M€-2.05M€4.04M€1.94M▼ 52.0%
Financial income75/76B-€82k€64k€35k€8k▼ 78.2%
Recurring financial income75€68k€82k€64k€35k€8k▼ 78.2%
Income from current assets751-€12k€9k€5k--
Other financial income752/9-€69k€55k€30k€8k▼ 74.9%
Financial charges65/66B-€194k€370k€587k€276k▼ 52.9%
Recurring financial charges65€161k€194k€370k€587k€276k▼ 52.9%
Debt charges650€121k€159k€332k€577k€275k▼ 52.3%
Other financial charges652/9-€36k€38k€10k€1k▼ 88.5%
Profit (loss) for the period before taxes9903€-105k€-2.47M€-2.36M€3.48M€1.67M▼ 52.1%
Transfer from deferred taxes780-€2k€2k---
Income taxes67/77€10k€564€657€416k€437k▲ 5.1%
Taxes670/3-€564€657€417k€437k▲ 4.8%
Tax adjustments and reversals of tax provisions77---€1k--
Profit (loss) for the period9904€-113k€-2.47M€-2.35M€3.07M€1.23M▼ 59.9%
Profit (loss) for the period to be appropriated9905€-113k€-2.47M€-2.35M€3.07M€1.23M▼ 59.9%
Line20202021202220232024Change
Assets
Total assets20/58€30.92M€35.05M€44.15M€42.25M€84.84M▲ 101%
Fixed assets21/28€14.67M€18.53M€16.69M€18.34M€41.10M▲ 124%
Intangible fixed assets21€32k€1.81M€614k€70k€6k▼ 92.2%
Tangible fixed assets22/27€14.59M€16.68M€16.02M€18.22M€41.04M▲ 125%
Land and buildings22-€8.02M€7.85M€7.71M€10.81M▲ 40.2%
Plant, machinery and equipment23-€8.40M€7.99M€7.97M€16.35M▲ 105%
Furniture and vehicles24-€180k€143k€106k€127k▲ 19.5%
Leasing and similar rights25-€51k€14k-€11.32M-
Other tangible fixed assets26-€25k€25k€24k€24k▼ 2.2%
Assets under construction and advance payments27---€2.41M€2.41M=
Financial fixed assets28€50k€50k€50k€50k€50k=
Affiliated companies280/1-€50k€50k€50k€50k=
Participating interests280-€50k€50k€50k€50k=
Current assets29/58€16.24M€16.51M€27.47M€23.91M€43.74M▲ 82.9%
Stocks and contracts in progress3€6.53M€3.93M€7.80M€162k€1.13M▲ 595%
Stocks30/36-€3.93M€7.80M€162k€1.13M▲ 595%
Raw materials and consumables30/31-€1.55M€1.35M€162k€1.13M▲ 595%
Work in progress32--€5.69M---
Finished goods33-€2.23M€763k---
Goods purchased for resale34-€150k€0---
Amounts receivable within one year40/41€8.56M€11.26M€18.92M€21.85M€38.99M▲ 78.4%
Trade receivables40-€10.32M€17.66M€20.72M€37.85M▲ 82.7%
Other amounts receivable41-€941k€1.26M€1.14M€1.14M=
Cash at bank and in hand54/58€1.08M€1.26M€705k€1.19M€2.96M▲ 148%
Deferred charges and accrued income490/1-€60k€40k€701k€666k▼ 5.0%
Equity and liabilities
Total equity and liabilities10/49€30.92M€35.05M€44.15M€42.25M€84.84M▲ 101%
Equity10/15€10.03M€7.50M€5.11M€8.17M€9.39M▲ 15.0%
Contributions10/11€2.63M€2.63M€2.63M€2.63M€2.63M=
Capital10-€2.63M€2.63M€2.63M€2.63M=
Issued capital100-€2.63M€2.63M€2.63M€2.63M=
Revaluation surpluses12-€6.09M€6.09M€6.09M€6.09M=
Reserves13€1.01M€263k€263k€263k€263k=
Non-distributable reserves130/1-€263k€263k€263k€263k=
Legal reserve130-€263k€263k€263k€263k=
Distributable reserves133-€0----
Profit (loss) carried forward14-€-1.73M€-4.08M€-1.01M€219k▲ 122%
Investment grants15-€239k€200k€190k€186k▼ 2.2%
Provisions and deferred taxes16€72k€1.66M€1.70M€69k€69k=
Provisions for liabilities and charges160/5-€1.59M€1.63M---
Environmental obligations163-€1.59M€1.63M---
Deferred taxes168-€70k€69k€69k€69k=
Amounts payable17/49€20.82M€25.88M€37.34M€34.01M€75.37M▲ 122%
Amounts payable after more than one year17€746k€644k€576k€520k€10.28M▲ 1,876%
Financial debts170/4-€644k€576k€520k€10.28M▲ 1,876%
Leasing and similar obligations172-€35k€13k€6k€9.81M▲ 151,569%
Credit institutions173-€609k€563k€514k€465k▼ 9.5%
Amounts payable within one year42/48€20.02M€25.20M€36.66M€33.26M€64.19M▲ 93.0%
Current portion of amounts payable after more than one year42-€103k€70k€55k€1.57M▲ 2,740%
Financial debts43-€5.47M€19.68M---
Credit institutions430/8-€5.47M€19.68M---
Trade debts44€14.13M€18.87M€16.02M€18.57M€61.36M▲ 230%
Suppliers440/4-€18.87M€16.02M€18.57M€61.36M▲ 230%
Advances received on contracts in progress46-€238k€294k---
Taxes, remuneration and social security45-€523k€595k€923k€1.26M▲ 36.1%
Taxes450/3-€16k€16k€422k€834k▲ 97.5%
Remuneration and social security454/9-€506k€579k€501k€422k▼ 15.7%
Other amounts payable47/48---€13.70M--
Accrued charges and deferred income492/3-€39k€104k€232k€900k▲ 288%
Line20202021202220232024Change
Profit (loss) for the period9904€-113k€-2.47M€-2.35M€3.07M€1.23M▼ 59.9%
+ Depreciation and write-downs630€1.74M€2.03M€2.43M€2.31M€3.63M▲ 56.7%
Operating cash flow (approximation)€1.63M€-442k€76k€5.38M€4.86M▼ 9.8%
Investment in fixed assets (approximation)-€-5.89M€-585k€-3.97M€-26.39M▼ 565%
Change in cash-€184k€-556k€487k€1.76M▲ 262%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
21-08
State Gazette act Statutes amendment
2 facts ▸
  • General meeting, 22-07-2026
  • Statutes amendment
10-07
State Gazette act Resignations & appointments
Power of attorney2 facts ▸
  • Board meeting, 18-06-2026
  • Power of attorney, Dominique Mulliez
27-03
State Gazette act Appointments: EY Réviseurs d'Entreprises SRL (statutory auditor) and KPMG Réviseurs d'Entreprises SRL (statutory auditor)
Permanent representative: Brecht Buysschaert · Power of attorney5 facts ▸
  • General meeting, 12 mars 2026
  • Auditor appointment, EY Réviseurs d'Entreprises SRL (statutory auditor)
  • Auditor appointment, KPMG Réviseurs d'Entreprises SRL (statutory auditor)
  • Permanent representative, Brecht Buysschaert
  • Power of attorney, Loyens & Loeff Advocaten-Avocats BV/SRL
21-01
State Gazette act Resignations: James Alderman (managing director) and Erik Brandenburg (managing director)
Appointment: Gert Masselus (managing director) · Mandate compensation · Power of attorney7 facts ▸
  • Board meeting, 19-12-2025
  • Director resignation, James Alderman (managing director)
  • Director resignation, Erik Brandenburg (managing director)
  • Director appointment, Gert Masselus (managing director)
  • Mandate compensation, Gert Masselus
  • Power of attorney, Tal Elseth
  • Mandate compensation, Tal Elseth
02-01
State Gazette act Statutes amendment
4 facts ▸
  • General meeting, 19-12-2025
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
2025
12-12
State Gazette act Resignations: Jan Clarebout (director) and Marc Van Herreweghe (director)
Appointments: Graham Dugdale, James Alderman and 3 others · Director discharge · Mandate compensation31 facts ▸
  • General meeting, 31-10-2025
  • Director resignation, Jan Clarebout (director)
  • Director resignation, Marc Van Herreweghe (director)
  • Director discharge, Jan Clarebout
  • Director discharge, Marc Van Herreweghe
  • Director appointment, Graham Dugdale (director)
  • Director appointment, James Alderman (director)
  • Director appointment, Erik Brandenburg (director)
  • Director appointment, Gert Masselus (director)
  • Director appointment, Yves Capoen (director)
  • Mandate compensation, Graham Dugdale
  • Mandate compensation, James Alderman
  • +19 further facts in this act
02-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
27-02
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 211 days late
2023
31-12
Financial Back to profitnet €3.07M
Net result €3.07M after 3 loss-making years.
24-07
State Gazette act Purpose · Statutes amendment
Purpose change · Capital5 facts ▸
  • General meeting, 12-07-2023
  • Purpose change, La société a pour objet tant en Belgique qu'à étranger, pour compte propre ou pour le compte de tiers, comme commissionnaire ou en tant que représentant, en com…
  • Statutes amendment
  • Statutes amendment
  • Capital, €2.634.651,74
10-07
State Gazette act Resignations: C.M. SRL, Bruno Mylle SRL and 4 others
Appointments: Jan Clarebout, Marc Van Herreweghe and EY Bedrijfsrevisoren BV12 facts ▸
  • General meeting, 20-06-2023
  • Board meeting, 20-06-2023
  • Director resignation, C.M. SRL (director and managing director)
  • Director resignation, Bruno Mylle SRL (director and managing director)
  • Director resignation, Samanda SA (director)
  • Director resignation, GoedGov SRL (director)
  • Director appointment, Jan Clarebout (director)
  • Director appointment, Marc Van Herreweghe (director)
  • Auditor resignation, V.G.D. Bedrijfsrevisoren BV
  • Auditor appointment, EY Bedrijfsrevisoren BV
  • Director resignation, Marc Van Herreweghe (daily management delegate)
  • Director appointment, Jan Clarebout (managing director)
13-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
Show earlier events
2022
30-11
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 122 days late
20-10
State Gazette act Resignation: Gobes Comm.V (director)
Appointment: GoedGov (director) · Permanent representative: Decaluwé Rafaël4 facts ▸
  • General meeting, 25-08-2022
  • Director resignation, Gobes Comm.V (director)
  • Director appointment, GoedGov (director)
  • Permanent representative, Decaluwé Rafaël
2021
31-12
Financial Weakest financial yearnet €-2.47M
Net result drops to €-2.47M, the lowest in the series; recovery starts the following year.
14-07
State Gazette act Permanent representatives: Gillet Sébastien, Mylle Bruno and Mylle Carlo
Appointment: Van Herreweghe Marc (administrateur chargé de la gestion journalière) · Mandate compensation6 facts ▸
  • Board meeting, 19-05-2021
  • Permanent representative, Gillet Sébastien
  • Director appointment, Van Herreweghe Marc (administrateur chargé de la gestion journalière)
  • Mandate compensation, Van Herreweghe Marc
  • Permanent representative, Mylle Bruno
  • Permanent representative, Mylle Carlo
10-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
18-01
State Gazette act Reappointment: V.G.D. Bedrijfsrevisoren (statutory auditor)
Permanent representative: Peter VANDEWALLE3 facts ▸
  • General meeting, 15-12-2020
  • Auditor reappointment, V.G.D. Bedrijfsrevisoren
  • Permanent representative, Peter VANDEWALLE
2020
10-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
14-10
State Gazette act Resignations: Demybel NV, Vicabel SA and 2 others
Appointments: Samanda SA, Gobes Comm.V. and 2 others · Permanent representatives: Mylle Bruno and Mylle Carlo12 facts ▸
  • General meeting, 26-09-2019
  • Director resignation, Demybel NV (director)
  • Director resignation, Vicabel SA (director)
  • Director resignation, B.C. Mylle BVBA (director and managing director)
  • Director resignation, Roger Mylle Comm.VA (director and managing director)
  • Director appointment, Samanda SA (director)
  • Director appointment, Gobes Comm.V. (director)
  • Board meeting, 26-09-2019
  • Director appointment, Bruno Mylle BVBA (managing director)
  • Director appointment, C.M. SPRL (managing director)
  • Permanent representative, Mylle Bruno
  • Permanent representative, Mylle Carlo
12-07
State Gazette act Reappointments: Roger Mylle SCA, B.C. Mylle SPRL and 4 others
10 facts ▸
  • General meeting, 30-06-2019
  • Director reappointment, Roger Mylle SCA (director)
  • Director reappointment, B.C. Mylle SPRL (director)
  • Director reappointment, Demybel SA (director)
  • Director reappointment, Vicabel SA (director)
  • Director reappointment, Bruno Mylle SPRL (director)
  • Director reappointment, C.M. SPRL (director)
  • Board meeting, 30-06-2019
  • Director reappointment, Roger Mylle SCA (managing director)
  • Director reappointment, B.C. Mylle SPRL (managing director)
03-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
17-01
State Gazette act Restructuring
Permanent representatives: MYLLE Bruno René Maria and MYLLE Carlo Valère · Demerger · Real estate18 facts ▸
  • General meeting, 21-12-2018
  • Demerger, partial split by incorporation, 31-12-2017
  • Real estate, Parcelle de terrain, cadastrée section C partie des numéros 966/A et 1038/C, superficie 03ha64a30ca
  • Share issue, actions sans valeur nominale, 625
  • Incorporation, 21-12-2018
  • Founding capital, €215.348,26
  • Permanent representative, MYLLE Bruno René Maria
  • Permanent representative, MYLLE Carlo Valère
  • Permanent representative, MYLLE Carlo Valère
  • Permanent representative, MYLLE Bruno René Maria
  • Permanent representative, MYLLE Bruno René Maria
  • Permanent representative, MYLLE Carlo Valère
  • +6 further facts in this act
2018
10-07
State Gazette act Restructuring
Demerger · Accounting effect · Net-asset statement11 facts ▸
  • Demerger, 26-06-2018
  • Accounting effect, 01-01-2018
  • Net-asset statement, 31-12-2017
  • Real estate, 343535.64
  • Power of attorney, Mylle Bruno
  • Power of attorney, Mylle Carlo
  • Power of attorney, Mylle Carlo
  • Power of attorney, Mylle Bruno
  • Power of attorney, Mylle Bruno
  • Power of attorney, Mylle Carlo
  • Fiscal exemption
09-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
15-12
State Gazette act Reappointment: VGD Bedrijfsrevisoren Burg. Ven. CVBA (statutory auditor)
Permanent representative: Peter Vandewalle3 facts ▸
  • General meeting, 21-09-2017
  • Auditor reappointment, VGD Bedrijfsrevisoren Burg. Ven. CVBA
  • Permanent representative, Peter Vandewalle
31-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
28-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
19-01
State Gazette act Statutes amendment
Power of attorney11 facts ▸
  • General meeting, 18-12-2015
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Power of attorney, Dirk Declercq
2015
20-02
State Gazette act Reappointment: Boes & Co Bedrijfsrevisoren BV o.v.v.v. e. BVBA (statutory auditor)
2 facts ▸
  • General meeting, 30-06-2014
  • Auditor reappointment, Boes & Co Bedrijfsrevisoren BV o.v.v.v. e. BVBA
2014
02-05
State Gazette act Reappointments: C.M. SPRL, Bruno Mylle SPRL and 4 others
10 facts ▸
  • General meeting, 15-03-2014
  • Director reappointment, C.M. SPRL (director)
  • Director reappointment, Bruno Mylle SPRL (director)
  • Director reappointment, B.C. Mylle SPRL (director)
  • Director reappointment, Roger Mylle SCA (director)
  • Director reappointment, Demybel SA (director)
  • Director reappointment, Vicabel SA (director)
  • Board meeting, 15-03-2014
  • Director reappointment, Roger Mylle SCA (managing director)
  • Director reappointment, B.C. Mylle SPRL (managing director)
2012
07-02
State Gazette act Reappointment: Boes & Co. Bedrijfsrevisoren BV o.v.v.v.e. BVBА (statutory auditor)
Permanent representatives: Joseph-Michel BOES and Jurgen LELIE4 facts ▸
  • General meeting, 30-06-2011
  • Auditor reappointment, Boes & Co. Bedrijfsrevisoren BV o.v.v.v.e. BVBА
  • Permanent representative, Joseph-Michel BOES
  • Permanent representative, Jurgen LELIE
2010
22-06
State Gazette act Resignation: GRAMYBEL (commissaire aux comptes)
Appointment: BDO Atrio Bedrijfsrevisoren (commissaire aux comptes)3 facts ▸
  • General meeting, 22-02-2010
  • Director resignation, GRAMYBEL (commissaire aux comptes)
  • Auditor appointment, BDO Atrio Bedrijfsrevisoren (commissaire aux comptes)
2008
22-12
State Gazette act Appointments: BDO Atrio Bedrijfsrevisoren (statutory auditor) and Boes & Co. Bedrijfsrevisoren BV ovve BVBA (statutory auditor)
3 facts ▸
  • General meeting, 30-06-2008
  • Auditor appointment, BDO Atrio Bedrijfsrevisoren (statutory auditor)
  • Auditor appointment, Boes & Co. Bedrijfsrevisoren BV ovve BVBA (statutory auditor)
2003
22-07
State Gazette act Capital & shares · Statutes amendment
Capital increase · Capital3 facts ▸
  • General meeting, 27-06-2003
  • Capital increase, €2.787.500
  • Capital, €2.850.000
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
23 of 23 acts read

Directors · office · real estate

Directors
11 directors, no change since 2026
Gert Masselus
Managing director · since 31-10-2025
Current
Graham Dugdale
Director · since 31-10-2025
Current
Yves Capoen
Director · since 31-10-2025
Current
GoedGov
Director · since 25-08-2022 · Legal entity · perm. rep.: Decaluwé Rafaël
Current
Bruno Mylle BVBA
Managing director · since 26-09-2019 · Legal entity · perm. rep.: Mylle Bruno
Not recently confirmed
M.C. SPRL
Managing director · since 26-09-2019 · Legal entity · perm. rep.: Mylle Carlo
Not recently confirmed
5 other directors
B.C. Mylle SPRL
Director · since 15-03-2014 · Legal entity
Not recently confirmed
Bruno Mylle SPRL
Director · since 15-03-2014 · Legal entity
Not recently confirmed
C.M. SPRL
Director · since 15-03-2014 · Legal entity
Not recently confirmed
Demybel SA
Director · since 15-03-2014 · Legal entity
Not recently confirmed
Roger Mylle SCA
Director · since 15-03-2014 · Legal entity
Not recently confirmed
13-01-2026 Erik Brandenburg: Resigned as Managing director
13-01-2026 James Alderman: Resigned as Managing director
19-12-2025 Gert Masselus: Appointed as Managing director
31-10-2025 Gert Masselus: Appointed as Director
31-10-2025 Graham Dugdale: Appointed as Director
Full history in the Timeline (49 changes) →
Location & real-estate footprint
Registered office, Mouscron · 2 establishment units since 2003
seat establishment approximate All 2 establishment units on the map
Ground area
7.0 ha
Building footprint
2.1 ha
2 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
GRAMYBEL
Eurozonelaan 1, 7700 MouscronNACE 15311
since 20032.132.449.384
GRAMYBEL
Weverijstraat 4, 7700 MouscronManufacture of food products
since 20152.246.533.361
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
54432C0941/00A000 Wallonia 6.5 ha 1 · 2.1 ha -
54007B0260/00G000 Wallonia 5,095 m² 1 · 49 m² -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor
KPMG Réviseurs d'EntreprisesCurrent
Statutory auditor · represented by Brecht Buysschaert
27-03-2026 → present
Show 5 earlier auditors
BDO Atrio Bedrijfsrevisoren
Commissaire aux comptes
succeeded by Boes & Co. Bedrijfsrevisoren BV o.v.v.v.e. BVBА in 2011
30-06-2008 → 30-06-2011
Boes & Co. Bedrijfsrevisoren BV o.v.v.v.e. BVBА
Auditor
succeeded by V.G.D. Bedrijfsrevisoren in 2017
30-06-2011 → 21-09-2017
BV o.v.v.e BVBA Boes & Co Bedrijfsrevisoren
Auditor
succeeded by Boes & Co. Bedrijfsrevisoren BV o.v.v.v.e. BVBА in 2011
30-06-2008 → 30-06-2011
EY Réviseurs d'Entreprises SRL
Statutory auditor
succeeded by KPMG Réviseurs d'Entreprises in 2026
20-06-2023 → 27-03-2026
V.G.D. Bedrijfsrevisoren
Auditor · represented by Peter VANDEWALLE
succeeded by EY Réviseurs d'Entreprises SRL in 2023
21-09-2017 → 20-06-2023

Structure & network

Connections & network

7 connected companies
Depth
Yves Capoen, Shared director, links 7 companies YCYves CapoenCL WARNETON, via Yves Capoen CWCL WARNETONCLAREBOUT, via Yves Capoen CCLAREBOUTCLAREBOUT POTATOES, via Yves Capoen CPCLAREBOUTPOTATOESCLF Logistics, via Yves Capoen CLCLF LogisticsMYDIBEL, via Yves Capoen MMYDIBELMYDIBEL FRESH, via Yves Capoen MFMYDIBEL FRESHTRANSMYL, via Yves Capoen TTRANSMYLGRAMYBEL GRAMYBEL0479.142.089
Shared directors
This company Company Director Shareholding Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
CL WARNETON
via Yves Capoen · Director
→
CLAREBOUT
via Yves Capoen · Director
→
→
CLF Logistics
via Yves Capoen · Director
→
Show 3 more companies with a shared director
MYDIBEL
via Yves Capoen · Director
→
MYDIBEL FRESH
via Yves Capoen · Director
→
TRANSMYL
via Yves Capoen · Director
→

Acquisitions and mergers

2 transactions
Split off to:MYDIBEL FRESH
partial demerger · State Gazette act of 17-01-2019
Split off to:Mydibel Fresh SA
partial demerger · proposal · State Gazette act of 10-07-2018 · effective 26-06-2018

Capital and shareholders

Capital over the years
  1. 24-07-2023 Capital stated in the act · 2,634,651.74 EUR · 625 shares
  2. 17-01-2019 Incorporation · 215,348.26 EUR · 625 shares
  3. 17-01-2019 Capital reduction of 215,348.26 EUR · to 2,634,651.74 EUR
  4. 22-07-2003 Capital increase of 2,787,500 EUR · to 2,850,000 EUR · “sans émission d'actions nouvelles”, “mais par augmentation du pair comptable”

Recognitions · licences · registrations

Food safety, FASFC

1 site
Mouscron/Moeskroen2.132.449.384
4 permissions
Fabrikant verpakkingsmateriaal · since 11-06-2025
Opslag kamer t° levensmiddelen · since 21-01-2025
Fabricant voedermiddelen bestemd voor de sector TRA · since 12-10-2020
and 1 more

Legal Entity Identifier

549300ARK5AIVPSK0331
live in the LEI register

Similar companies · same sector, comparable size

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VIAFRITES
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Paul Cool en Kinderen
BE 0422.394.319
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Global Fries
BE 0767.535.165
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Of 75 companies in sector 10311 we hold annual accounts for 57. 20 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded24-12-2002
Fiscal year end31-12
Activities, NACEBEL 2025
10311Manufacture of food products
46381Wholesale trade

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