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GRAGER

Active
Public limited companyfounded 199233 yrs activede Meeussquare 22A, 1050 Elsene, BelgiumKBO/BCE: BE 0448.972.220
Summary

GRAGER has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.3m and a net result of -€146,749. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 46% of 5662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
GRAGERActiveChecked score 87/100
Risk analysis ReportCompare

Overview

Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203NACE 70203
1 site
Size
€21.0mtotal assets 2025
Equity
€7.3m
Loss
-€146,749
Financial health
87 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Accounts 9 d early1 of 11 deeds read
Why 87- Liquidity: current ratio 0.37, cash €55,639- 1 change of registered office in 24 months+ Size: total assets €21.0m+ Founded in 1992Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Better than 45% of its sector peers (NACE 68, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 60+2
equity 34.7% of total assets
Liquidity 29=
short-term debt 44.6% · cash 0.3%
Profitability 59+27
return on assets -0.7%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,716 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%● 0.0% vs 01-2025 03-2025: 0.1%▲ +0.8% vs 02-2025 04-2025: 0.1%▲ +6.9% vs 03-2025 05-2025: 0.1%▲ +7.1% vs 04-2025 06-2025: 0.1%▼ -9.3% vs 05-2025 07-2025: 0.1%▼ -44.1% vs 06-2025lowest value 08-2025: 0.1%● 0.0% vs 07-2025lowest value 09-2025: 0.1%● 0.0% vs 08-2025lowest value 10-2025: 0.1%● 0.0% vs 09-2025lowest value 11-2025: 0.1%● 0.0% vs 10-2025lowest value 12-2025: 0.1%● 0.0% vs 11-2025lowest value 01-2026: 0.1%● 0.0% vs 12-2025lowest value 02-2026: 0.1%▲ +1.3% vs 01-2026 03-2026: 0.1%▲ +2.6% vs 02-2026 04-2026: 0.1%● 0.0% vs 03-2026 05-2026: 0.3%▲ +225% vs 04-2026 06-2026: 0.3%▲ +3.1% vs 05-2026 07-2026: 0.3%▲ +6.0% vs 06-2026highest value 08-2026: 0.2%▼ -17.1% vs 07-2026 09-2026: 0.2%● 0.0% vs 08-2026 10-2026: 0.2%● 0.0% vs 09-2026
  • Liquidity: current ratio 0.37, cash €55,639 raises the probability
  • 1 change of registered office in 24 months raises the probability
  • Size: total assets €21.0m lowers the probability for this profile
  • Founded in 1992 lowers the probability for this profile
Credit up to €600,000 at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.37 in 2024; short-term debt: 44.6% and cash: 0.3% of total assets), and 65.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, medium-sized). Better than this share of them on solvency 57%, liquidity 22%, profitability 67%, growth against the median 33%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.37, cash €55,639
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Size: total assets €21.0m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1992
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€146,749
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
9 d early
2024
31 d early
2023
44 d early
2022
29 d late
2021
25 d late
2020
18 d early
2019
33 d late
← 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 2 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · 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. Usually files around 22 July (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Registered office · Capital & shares…Registered-office move · Purpose change…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Risk: 8 loss-making years in a rowloss fiscal year 2025 -€146,749 View
  • Positive: Result rose in 2025from -€993,265 to -€146,749 ▲ 85.2% View
  • Caution: Among the weakest 14% on net resultsector median €21,410 · 5,668 companies -€146,749 View

By topic

Financials

Fiscal year
2025
Total assets
€21.0m
Loss
-€146,749
Solvency
34.7%
Total assets▼ 6.5%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 22-07-2026Annual accounts filed
  2. 01-04-2026Registered office · Capital & shares ·…
  3. 30-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Renting and operating of own or leased non-residential…NACE 68203
Founded
17-12-1992
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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