Grensstraat
ActiveSummary
Grensstraat has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €632k and a net result of €-9k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 38% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability26=
Solvency44▲+1
Growth32=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Liquidity tight (current ratio 1.29 against 1.72 in 2023; short-term debt: 77.5% and cash: 0.4% of total assets), and 80.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
19.4%
Return on assets
-0.3%
Age of the figures
21 mo
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 16-06-2025, 45 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
41 d early
2022
24 d early
2021
23 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€632k▼ 1.4%
2023 · €642k
2021: €659k
2022: €649k
2023: €642k
2021 → 2024
Total assets
€3.25M▼ 7.7%
2023 · €3.53M
2021: €2.85M
2022: €2.97M
2023: €3.53M
2021 → 2024
Net result
€-9k▼ 18.9%
2023 · €-8k
2021: €-7k
2022: €-9k
2023: €-8k
2021 → 2024
Working capital
€731k▼ 50.4%
2023 · €1.47M
2021: €1.36M
2022: €1.40M
2023: €1.47M
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€659k-€649k▼ 1.4%€642k▼ 1.2%€632k▼ 1.4%
Operating result€47k-€77k▲ 63.0%€137k▲ 77.4%€153k▲ 12.0%
Net result€-7k-€-9k▼ 23.8%€-8k▲ 16.8%€-9k▼ 18.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 12% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €3.25M
Equity
€632k ▼ 1.4%
Debt
€2.62M ▼ 9.1%
Debt's share of the balance-sheet total falls from 81.8% to 80.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€154k▲
2023 · €137k
Cash flow
€-9k▼
2023 · €-7k
Current ratio
1.29▼
2023 · 1.72
Quick ratio
0.01▼
2023 · 0.22
Debt to equity
4.15▼
2023 · 4.50
ROE
-1.4%▼
2023 · -1.2%
ROA
-0.3%▼
2023 · -0.2%
Interest coverage
0.95▼
2023 · 0.95
Debt ≤ 1 year
€2.52M▲
2023 · €2.05M
Debt > 1 year
€0▼
2023 · €725k
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 · 35 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.53M€3.25M▼
Formation expenses20€587€305▼
Current assets29/58€3.52M€3.25M▼
Stocks and contracts in progress3€3.08M€3.24M▲
Stocks30/36€3.08M€3.24M▲
Amounts receivable within one year40/41€845€599▼
Other amounts receivable41€845€599▼
Cash at bank and in hand54/58€448k€14k▼
Equity and liabilities
Total equity and liabilities10/49€3.53M€3.25M▼
Equity10/15€642k€632k▼
Contributions10/11€666k€666k=
Profit (loss) carried forward14€-24k€-34k▼
Amounts payable17/49€2.88M€2.62M▼
Amounts payable after more than one year17€725k€0▼
Financial debts170/4€725k€0▼
Amounts payable within one year42/48€2.05M€2.52M▲
Financial debts43€2.05M€2.52M▲
Credit institutions430/8€2.05M€1.75M▼
Other loans439-€769k
Trade debts44€580€3k▲
Suppliers440/4€580€3k▲
Taxes, remuneration and social security45-€210
Taxes450/3-€210
Accrued charges and deferred income492/3€108k€98k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€282€282=
Other operating charges640/8€2k€1k▼
Gross operating margin9900€139k€155k▲
Operating profit (loss)9901€137k€153k▲
Financial charges65/66B€145k€163k▲
Recurring financial charges65€145k€163k▲
Profit (loss) for the period before taxes9903€-8k€-9k▼
Profit (loss) for the period9904€-8k€-9k▼
Profit (loss) for the period to be appropriated9905€-8k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-34k▼
Profit (loss) brought forward from the previous period14P€-17k€-24k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
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, Boortmeerbeek · 1 establishment unit since 2021
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.
Fabrieksweg 133190 BoortmeerbeekGround area
2.2 ha
Building footprint
2,355 m²
Volume, LiDAR
13,129 m³
Parcel 24014B0116/00H003, Flanders · tallest building 15.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Grensstraat
since 20212.314.792.261
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24014B0116/00H003 | Flanders | 2.2 ha | 1 · 2,355 m² | 15.2 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.
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,560 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
Founded24-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68121Development of residential building projects
64210Activities of holding companies
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.