GRANIT - DECOR
ActiveGRANIT - DECOR has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €-29k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
33
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-21
Solvency33▼-6
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.08 against 1.15 in 2024; short-term debt: 90.3% and cash: 5.2% of total assets), and 92.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7.6%
Return on assets
-5.2%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 27450 sector peers (2025).
NBB · sector comparisonPosition among 27450 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
177 d late
2022
151 d early
2021
71 d late
2020
39 d early
2019
41 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1.33M▲ 21.1%
2021 · €1.10M
2021: €1.10M
2021 → 2022
EBIT margin
-1.1%▼ 6.6pp
2021 · 5.5%
2021: 5.5%
2021 → 2022
Net result
€-29k
2024 · €355
2018: €-4k
2019: €-527
2020: €53k
2021: €56k
2022: €-33k
2023: €4k
2024: €355
2018 → 2025
Working capital
€37k▼ 41.3%
2024 · €64k
2018: €-9k
2019: €-17k
2020: €44k
2021: €95k
2022: €60k
2023: €65k
2024: €64k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.10M-€1.33M▲ 21.1%
Equity€99k-€66k▼ 33.5%€70k▲ 6.4%€70k▲ 0.5%€42k▼ 40.6%
Operating result€60k-€-15k€15k€8k▼ 43.2%€-13k
Net result€56k-€-33k€4k€355▼ 91.6%€-29k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13k after €8k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €549k
Fixed assets
€16k▲ 138%
Current assets
€534k▲ 6.2%
Equity and liabilities €549k
Equity
€42k▼ 40.6%
Debt
€507k▲ 15.7%
The debt ratio rises from 86.2% to 92.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-9k▼
2024 · €12k
Cash flow
€-25k▼
2024 · €4k
Solvency
7.6%▼
2024 · 13.8%
Current ratio
1.08▼
2024 · 1.15
Quick ratio
0.86▼
2024 · 0.90
Debt / equity
12.12▲
2024 · 6.23
ROE
-68.3%▼
2024 · 0.5%
ROA
-5.2%▼
2024 · 0.1%
Interest coverage
-1.02▼
2024 · 1.65
Debt
€507k▲
2024 · €438k
Debt ≤ 1 year
€496k▲
2024 · €438k
Debt > 1 year
€11k
Staff costs
€256k▲
2024 · €206k
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€509k€549k▲
Fixed assets21/28€7k€16k▲
Tangible fixed assets22/27€6k€15k▲
Plant, machinery and equipment23€1k€684▼
Furniture and vehicles24€0-
Leasing and similar rights25€4k€14k▲
Financial fixed assets28€1k€1k=
Current assets29/58€502k€534k▲
Stocks and contracts in progress3€106k€106k=
Stocks30/36€106k€106k=
Amounts receivable within one year40/41€386k€392k▲
Trade receivables40€302k€340k▲
Other amounts receivable41€84k€51k▼
Cash at bank and in hand54/58€132€28k▲
Deferred charges and accrued income490/1€10k€7k▼
Equity and liabilities
Total equity and liabilities10/49€509k€549k▲
Equity10/15€70k€42k▼
Contributions10/11€6k€6k=
Capital10€6k-
Issued capital100€19k-
Uncalled capital101€12k-
Reserves13€100€100=
Non-distributable reserves130/1€100€100=
Reserves not available under the articles1311€100€100=
Profit (loss) carried forward14€64k€36k▼
Amounts payable17/49€438k€507k▲
Amounts payable after more than one year17-€11k
Financial debts170/4-€11k
Amounts payable within one year42/48€438k€496k▲
Current portion of amounts payable after more than one year42-€3k
Financial debts43€60k€100k▲
Credit institutions430/8€60k€100k▲
Trade debts44€361k€391k▲
Suppliers440/4€361k€391k▲
Taxes, remuneration and social security45€12k€1k▼
Taxes450/3€781€45▼
Remuneration and social security454/9€11k€1k▼
Other amounts payable47/48€6k€1k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€1.18M-
Remuneration, social security and pensions62€206k€256k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€590€549▼
Gross operating margin9900€219k€248k▲
Operating profit (loss)9901€8k€-13k▼
Financial income75/76B-€561
Recurring financial income75-€561
Financial charges65/66B€7k€17k▲
Recurring financial charges65€7k€9k▲
Non-recurring financial charges66B-€8k
Profit (loss) for the period before taxes9903€1k€-29k▼
Income taxes67/77€736-
Profit (loss) for the period9904€355€-29k▼
Profit (loss) for the period to be appropriated9905€355€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€64k€36k▼
Profit (loss) brought forward from the previous period14P€64k€64k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 177 days late
2023
30-09
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-09
Financial
Weakest financial yearnet €-33k ▼160%
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
30-09
Financial
Highest result since 2018net €56k ▲5.6%
Net result €56k, the highest in the series.
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €53k
Net result €53k after 2 loss-making years.
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Ecaussinnes · 1 establishment unit since 2002
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 Arthur Pouplier 27190 EcaussinnesGround area
496 m²
Building footprint
119 m²
Parcel 55008D0273/00W000, Wallonia. Linked by address, not a title deed.
1 establishment unit
GRANIT - DECOR
since 20022.134.455.504
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55008D0273/00W000 | Wallonia | 496 m² | 1 · 119 m² | - |
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.
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DESTA CONSTRUCT
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HTC CONSTRUCT
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MEZ CONSTRUCTION BELGIUM
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AYA PRO SRL
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Ans · Eq €42k
Of 7,292 companies in sector 43350 we hold annual accounts for 2,359. 1,970 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2002
Fiscal year end30-09
Activities, NACEBEL
43350Other building finishing work
47529Retail trade
23700Cutting, shaping and finishing of stone
26700
43990Other specialised construction activities
43999Specialised construction activities
45250
47551Retail sale of household furniture
47591Retail trade
52441
74700
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.