GRAUX
ActiveSummary
GRAUX has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €-320k. Equity is shrinking by ~20% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 36% of 1747 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency56▲+56
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.76 against 1.27 in 2024; short-term debt: 69.4% and cash: 6.1% of total assets), and 69.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
30.6%
Return on assets
-46.6%
Age of the figures
9 mo
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
28 d late
2023
23 d early
2022
46 d early
2021
6 d early
2020
30 d late
2019
90 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-320k▼ 26.3%
2024 · €-253k
2018: €8k
2019: €-40k
2020: €-25k
2021: €18k
2022: €-114k
2023: €-289k
2024: €-253k
2018 → 2025
Working capital
€-115k
2024 · €68k
2018: €277k
2019: €121k
2020: €39k
2021: €30k
2022: €-101k
2023: €-414k
2024: €68k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€186k-€73k▼ 61.0%€-216k€-469k▼ 117%€210k
Operating result€19k-€-111k€-289k▼ 161%€-222k▲ 23.0%€-291k▼ 30.9%
Net result€18k-€-114k€-289k▼ 154%€-253k▲ 12.4%€-320k▼ 26.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €291k in 2025 against €222k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €686k
Fixed assets
€325k ▲ 35.7%
Current assets
€361k ▲ 13.6%
Equity and liabilities €686k
Equity
€210k
Debt
€476k
Debt finances 69.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€-234k▼
2024 · €-172k
Cash flow
€-263k▼
2024 · €-203k
Current ratio
0.76▼
2024 · 1.27
Quick ratio
0.60▼
2024 · 0.88
Debt to equity
2.27▲
2024 · -2.19
ROE
-152.3%
ROA
-46.6%▼
2024 · -45.5%
Interest coverage
-8.12▼
2024 · -5.55
Debt ≤ 1 year
€476k▲
2024 · €249k
Staff costs
€159k▲
2024 · €111k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€557k€686k▲
Fixed assets21/28€239k€325k▲
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€233k€319k▲
Land and buildings22€68k€62k▼
Plant, machinery and equipment23€104k€196k▲
Furniture and vehicles24€55k€55k▼
Other tangible fixed assets26€6k€5k▼
Financial fixed assets28€2k€5k▲
Current assets29/58€318k€361k▲
Stocks and contracts in progress3€99k€78k▼
Stocks30/36€99k€78k▼
Amounts receivable within one year40/41€172k€241k▲
Trade receivables40€160k€33k▼
Other amounts receivable41€12k€207k▲
Cash at bank and in hand54/58€44k€42k▼
Deferred charges and accrued income490/1€2k€713▼
Equity and liabilities
Total equity and liabilities10/49€557k€686k▲
Equity10/15€-469k€210k▲
Contributions10/11€101k€1.10M▲
Reserves13€45k€45k=
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Distributable reserves133€35k€35k=
Profit (loss) carried forward14€-615k€-935k▼
Amounts payable17/49€1.03M€476k▼
Amounts payable after more than one year17€747k-
Financial debts170/4€747k-
Amounts payable within one year42/48€249k€476k▲
Trade debts44€49k€45k▼
Suppliers440/4€49k€45k▼
Taxes, remuneration and social security45€7k€9k▲
Taxes450/3€519-
Remuneration and social security454/9€6k€9k▲
Other amounts payable47/48€193k€421k▲
Accrued charges and deferred income492/3€30k-
Income statement
Code20242025
Remuneration, social security and pensions62€111k€159k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€57k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€947
Other operating charges640/8€524€758▲
Gross operating margin9900€-60k€-73k▼
Operating profit (loss)9901€-222k€-291k▼
Financial income75/76B€6€1▼
Recurring financial income75€6€1▼
Financial charges65/66B€31k€29k▼
Recurring financial charges65€31k€29k▼
Profit (loss) for the period before taxes9903€-253k€-320k▼
Profit (loss) for the period9904€-253k€-320k▼
Profit (loss) for the period to be appropriated9905€-253k€-320k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-615k€-935k▼
Profit (loss) brought forward from the previous period14P€-362k€-615k▼
Social balance
Average headcount (FTE)90872.52.9▲
The notes to these accounts (11 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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-320k
Net result drops to €-320k, the lowest in the series.
31-12
Financial
Equity above €200kEq €210k
Equity rises from €-469k to €210k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Liquidity quadruplescurrent ratio 1.27
Current ratio from 0.34 to 1.27; short-term debt falls from €632k to €249k.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
13 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, Tournai · 1 establishment unit since 1993
Ground area
2,625 m²
Building footprint
1,647 m²
Volume, LiDAR
11,714 m³
Parcel 57033B1125/00G000, Wallonia · tallest building 20.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GRAUX
since 19932.063.004.710
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57033B1125/00G000 | Wallonia | 2,625 m² | 1 · 1,647 m² | 20.7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTournai2.063.004.710
Similar companies · same sector, comparable size
Chartreuze
BE 0683.760.918
Holsbeek · Eq €208,282
FERME DE LA BELLE THERESE
BE 0896.448.957
Braives · Eq €208,253
AMEEL
BE 0444.924.746
Langemark-Poelkapelle · Eq €212,300
NEDERHEYDE
BE 0453.726.210
Oosterzele · Eq €206,949
AMAGRO
BE 0442.062.058
Deinze · Eq €214,108
Of 20,587 companies in sector 01500 we hold annual accounts for 1,149. 939 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-08-1985
Fiscal year end31-12
Activities, NACEBEL 2025
01500Mixed farming
47210Retail sale of fruit and vegetables
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.