GRANITS WALLONIE
ActiveThe annual accounts of GRANITS WALLONIE for fiscal year 2024 show a net loss of 63% of the equity at the start of that year. The 2024 annual accounts show equity of €42k and a net result of €-73k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 15% of 501 sector peers (fiscal year 2024). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability7▼-72
Solvency31▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.3 against 1.36 in 2023; short-term debt: 71.1% and cash: 2.7% of total assets), and 94.4% 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
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 2024Solvency, return and age of the figures
Solvency
5.6%
Return on assets
-9.7%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 501 sector peers (2024).
NBB · sector comparisonPosition among 501 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
36 d early
2022
94 d late
2021
135 d late
2020
122 d late
2019
63 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€469k
EBIT margin
11.1%
Net result
€-73k
2023 · €30k
2018: €45k
2019: €58k
2020: €-23k
2021: €20k
2022: €8k
2023: €30k
2018 → 2024
Working capital
€160k▼ 26.1%
2023 · €217k
2018: €-31k
2019: €45k
2020: €36k
2021: €156k
2022: €183k
2023: €217k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€469k
Equity€57k-€77k▲ 35.0%€85k▲ 9.9%€115k▲ 35.4%€42k▼ 63.4%
Operating result€-19k-€26k€18k▼ 31.4%€52k▲ 192%€-54k
Net result€-23k-€20k€8k▼ 61.7%€30k▲ 292%€-73k
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 2024: a loss of €54k after €52k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €746k
Fixed assets
€55k▼ 55.6%
Current assets
€691k▼ 16.4%
Equity and liabilities €746k
Equity
€42k▼ 63.4%
Debt
€705k▼ 15.8%
The debt ratio rises from 87.9% to 94.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-41k▼
2023 · €83k
Cash flow
€-60k▼
2023 · €60k
Solvency
5.6%▼
2023 · 12.1%
Current ratio
1.30▼
2023 · 1.36
Quick ratio
0.60▼
2023 · 0.68
Debt / equity
16.80▲
2023 · 7.29
ROE
-173.5%▼
2023 · 26.2%
ROA
-9.7%▼
2023 · 3.2%
Interest coverage
-2.21▼
2023 · 7.28
Debt
€705k▼
2023 · €836k
Debt ≤ 1 year
€531k▼
2023 · €610k
Debt > 1 year
€169k▼
2023 · €223k
Staff costs
€210k▲
2023 · €142k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€951k€746k▼
Fixed assets21/28€124k€55k▼
Tangible fixed assets22/27€123k€54k▼
Land and buildings22€17k€11k▼
Plant, machinery and equipment23€41k€43k▲
Furniture and vehicles24€65k€0▼
Financial fixed assets28€1k€1k=
Current assets29/58€827k€691k▼
Stocks and contracts in progress3€413k€371k▼
Stocks30/36€413k€371k▼
Amounts receivable within one year40/41€408k€293k▼
Trade receivables40€233k€140k▼
Other amounts receivable41€175k€153k▼
Cash at bank and in hand54/58€2k€20k▲
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€951k€746k▼
Equity10/15€115k€42k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€94k€21k▼
Amounts payable17/49€836k€705k▼
Amounts payable after more than one year17€223k€169k▼
Financial debts170/4€122k€72k▼
Advances received on contracts in progress176€100k€97k▼
Amounts payable within one year42/48€610k€531k▼
Current portion of amounts payable after more than one year42€48k€52k▲
Financial debts43€5k€72▼
Credit institutions430/8-€72
Other loans439€5k-
Trade debts44€148k€29k▼
Suppliers440/4€148k€29k▼
Advances received on contracts in progress46€2k€3k▲
Taxes, remuneration and social security45€73k€115k▲
Taxes450/3€53k€86k▲
Remuneration and social security454/9€20k€28k▲
Other amounts payable47/48€335k€333k▼
Accrued charges and deferred income492/3€4k€5k▲
Income statement
Code20232024
Turnover70€469k-
Goods, raw materials, services and sundry goods60/61€248k-
Remuneration, social security and pensions62€142k€210k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€13k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€298-
Other operating charges640/8€3k€4k▲
Gross operating margin9900€227k€173k▼
Operating profit (loss)9901€52k€-54k▼
Financial income75/76B€0€63▲
Recurring financial income75€0€63▲
Financial charges65/66B€11k€19k▲
Recurring financial charges65€11k€19k▲
Profit (loss) for the period before taxes9903€41k€-73k▼
Income taxes67/77€11k-
Profit (loss) for the period9904€30k€-73k▼
Profit (loss) for the period to be appropriated9905€30k€-73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€94k€21k▼
Profit (loss) brought forward from the previous period14P€64k€94k▲
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €-73k ▼343%
Net result drops to €-73k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €115k ▲35.4%
3 profitable years in a row build equity to €115k.
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 94 days late
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 135 days late
2021
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
31-12
Financial
Highest result since 2018net €58k ▲28.3%
Operating result €71k, net result €58k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, La Louvière · 3 establishment units since 2004
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 Victor Garin(L.L) 557100 La LouvièreGround area
5,454 m²
Building footprint
343 m²
Volume, LiDAR
3,647 m³
3 parcels, Wallonia · tallest building 19.5 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
GRANITS WALLONIE
since 20042.145.826.971
GRANITS WALLONIE
since 20162.384.632.954
GRANITS WALLONIE
since 20222.384.630.776
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56011D0179/00P000 | Wallonia | 4,426 m² | 1 · 174 m² | 16.3 m · 5 fl. |
| 56084A0217/00D003 | Wallonia | 856 m² | 1 · 133 m² | 19.5 m · 2 fl. |
| 55373B0040/00C008 | Wallonia | 172 m² | 1 · 36 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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
HORA EST
BE 0781.862.560
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MARBRERIE SOARES DA COSTA
BE 0830.573.683
Soignies · Eq €42k
TAILLEUR DE PIERRE
BE 1002.809.457
Flémalle · Eq €42k
ISTONE
BE 0430.036.236
Deinze · Eq €41k
PIERRES ET MARBRES
BE 0462.082.462
Herve · Eq €43k
Of 739 companies in sector 23700 we hold annual accounts for 491. 323 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-07-1991
Fiscal year end31-12
Activities, NACEBEL
23700Cutting, shaping and finishing of stone
26700
96301Funeral services
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.