GRECO - ROMAINE
Open bankruptcyA bankruptcy procedure is open for GRECO - ROMAINE according to publications in the Belgian State Gazette; curator: JESSICA DALLAPICCOLA.
Summary
The 2024 annual accounts show negative equity (€-186k) and a net result of €46k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1763 sector peers (2024).
NBB · sector comparisonPosition among 1763 sector peers
Solvency
better than 5%
← weakest
strongest →
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 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
37 d early
2022
7 d early
2021
32 d early
2020
19 d early
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€364k▼ 13.5%
2023 · €421k
2018: €348k
2019: €328k
2020: €155k
2021: €294k
2022: €385k
2023: €421k
2018 → 2024
EBIT margin
15.1%▲ 4.9pp
2023 · 10.2%
2018: -33.4%
2019: -16.3%
2020: -32.2%
2021: 26.3%
2022: 7.7%
2023: 10.2%
2018 → 2024
Net result
€46k▲ 46.6%
2023 · €31k
2018: €-125k
2019: €-63k
2020: €-16k
2021: €69k
2022: €25k
2023: €31k
2018 → 2024
Working capital
€-219k▲ 21.0%
2023 · €-277k
2018: €-423k
2019: €-440k
2020: €-406k
2021: €-358k
2022: €-321k
2023: €-277k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€155k-€294k▲ 89.8%€385k▲ 30.9%€421k▲ 9.1%€364k▼ 13.5%
Equity€-357k-€-288k▲ 19.3%€-263k▲ 8.6%€-232k▲ 11.9%€-186k▲ 19.8%
Operating result€-50k-€77k€30k▼ 61.4%€43k▲ 44.0%€55k▲ 28.2%
Net result€-16k-€69k€25k▼ 63.9%€31k▲ 26.4%€46k▲ 46.6%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 28% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €58k
Fixed assets
€33k ▼ 27.3%
Current assets
€25k ▼ 11.6%
Key figures and ratios
EBITDA
€67k▲
2023 · €56k
Cash flow
€58k▲
2023 · €44k
Solvency
-322.3%▼
2023 · -316.4%
Current ratio
0.10▲
2023 · 0.09
Quick ratio
0.02▼
2023 · 0.04
Debt to equity
-1.31▲
2023 · -1.32
ROA
79.5%▲
2023 · 42.7%
Interest coverage
7.32▲
2023 · 3.76
Debt
€244k▼
2023 · €305k
Debt ≤ 1 year
€244k▼
2023 · €305k
Staff costs
€122k▼
2023 · €151k
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€73k€58k▼
Fixed assets21/28€45k€33k▼
Tangible fixed assets22/27€45k€33k▼
Land and buildings22€19k€10k▼
Plant, machinery and equipment23€631€315▼
Furniture and vehicles24€25k€23k▼
Current assets29/58€28k€25k▼
Stocks and contracts in progress3€16k€20k▲
Stocks30/36€16k€20k▲
Amounts receivable within one year40/41€1k€3k▲
Trade receivables40€973€2k▲
Other amounts receivable41€489€302▼
Cash at bank and in hand54/58€11k€3k▼
Equity and liabilities
Total equity and liabilities10/49€73k€58k▼
Equity10/15€-232k€-186k▲
Contributions10/11€64k€64k=
Capital10€64k€64k=
Issued capital100€64k€64k=
Profit (loss) carried forward14€-296k€-251k▲
Amounts payable17/49€305k€244k▼
Amounts payable within one year42/48€305k€244k▼
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€71k€75k▲
Suppliers440/4€71k€75k▲
Taxes, remuneration and social security45€48k€61k▲
Taxes450/3€12k€20k▲
Remuneration and social security454/9€36k€41k▲
Other amounts payable47/48€183k€108k▼
Income statement
Code20232024
Turnover70€421k€364k▼
Goods, raw materials, services and sundry goods60/61€208k€170k▼
Remuneration, social security and pensions62€151k€122k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€213k€194k▼
Operating profit (loss)9901€43k€55k▲
Financial income75/76B€3k€33▼
Recurring financial income75€3k€33▼
Financial charges65/66B€15k€9k▼
Recurring financial charges65€15k€9k▼
Profit (loss) for the period before taxes9903€31k€46k▲
Profit (loss) for the period9904€31k€46k▲
Profit (loss) for the period to be appropriated9905€31k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-296k€-251k▲
Profit (loss) brought forward from the previous period14P€-328k€-296k▲
Social balance
Average headcount (FTE)9087150,923.010.1▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
07-05
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · GRECO - ROMAINE SA RUE DE LA HALLE 9, 5000 NAMUR · event 30-04-2026
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €69k
Net result €69k after 3 loss-making years.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial 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, Namur · 1 establishment unit since 1989
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 de la Halle 95000 NamurGround area
78 m²
Building footprint
72 m²
Volume, LiDAR
1,117 m³
Parcel 92094C0900/00B000, Wallonia · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BRASSERIE FRED
since 19892.043.583.627
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C0900/00B000 | Wallonia | 78 m² | 1 · 72 m² | 17.3 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JESSICA DALLAPICCOLA AVENUE DES FRANCAIS 12,
5060 09 SAMBREVILLE-TAMINES- .
25194 BELGISCH STAATSBLAD — 07.05.2026 — MONITEUR BELGE |
30-04-2026 → present |
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Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 2,549 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-05-1989
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
47110Non-specialised retail sale with food, beverages or tobacco predominating
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:sa.greco.romaine@gmail.com