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Greyhat Solutions

Active
Schellendijk 46 ·2220 Heist-op-den-Berg, Belgium
KBO/BCE: BE 0773.424.550
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Age4 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Greyhat Solutions is 0.5% (very low). The 2024 annual accounts show equity of €85k and a net result of €7k. Equity is growing by ~31% per year across the filed fiscal years. Its solvency ranks better than 86% of 7336 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Signals

3 signals · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 86% of 7336 peers (2024). A comfortable equity buffer.
View the sector comparison
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend
Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 24-07-2025 7 d early 2025-00300567
31-12-2023 31-07-2024 01-08-2024 1 d late 2024-00321513
31-12-2022 31-07-2023 25-08-2023 25 d late 2023-00354417

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.5% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€7k-82.1%
Working capital€79k+9.0%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 24-07-2025 with the NBB · fiscal year 2024 · micro
€0€20k€40k€60kOperating result 2022: €44k€44kNet result 2022: €34k€34kOperating result 2023: €52k€52kNet result 2023: €41k€41kOperating result 2024: €10k€10kNet result 2024: €7k€7k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~31%/year over 3 fiscal years, indicative, assuming unchanged policy.
€0€50k€100k€150k2025: €109k (€102k - €116k)2026: €133k (€126k - €140k)2027: €157k (€150k - €164k)2022: €37k2023: €77k2024: €85k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 86.7% 65.0%
better than 86% of 7336 sector peers
Net result €7k €32k
better than 25% of 7333 sector peers
Equity €85k €58k
better than 65% of 7338 sector peers
Gross operating margin €14k €52k
better than 20% of 7327 sector peers
Total assets €98k €103k
better than 48% of 7339 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P86
2022: P95 · n=37942023: P95 · n=58012024: P86 · n=73362022 2024
Stable position over 2022-2024 · n=3794-7336
Net result P25
2022: P63 · n=37922023: P66 · n=57972024: P25 · n=73332022 2024
Weakening position over 2022-2024 · n=3792-7333
Equity P65
2022: P49 · n=37962023: P68 · n=58042024: P65 · n=73382022 2024
Improving position over 2022-2024 · n=3796-7338
Gross operating margin P20
2022: P58 · n=37862023: P60 · n=57932024: P20 · n=73272022 2024
Weakening position over 2022-2024 · n=3786-7327
Describes the position versus peers, not a forecast.
EBITDA
€13k
-76.3% 22-24
Net profit
€7k
-82.1% 22-24
Cash flow
€11k
-75.3% 22-24
Total assets
€98k
+21.0% 22-24
Equity
€85k
+9.4% 22-24
Working capital
€79k
+9.0% 22-24
Income taxes
€3k
-73.7% 22-24
Debt
€13k
+289.0% 22-24
Debt ≤ 1y
€12k
+267.7% 22-24
Current ratio
7.38
-67.2% 22-24
Quick ratio
7.38
-67.2% 22-24
Solvency
86.7%
-9.6% 22-24
Debt / equity
0.15
+255.5% 22-24
ROE
8.6%
-83.6% 22-24
ROA
7.5%
-85.2% 22-24
Interest coverage
59.36
-74.8% 22-24
Figures by fiscal year
Fiscal year2024
Depositmicro
Revenue-
EBITDA€13k
Net profit€7k
Cash flow€11k
Staff costs-
Income taxes€3k
Dividends-
Total assets€98k
Equity€85k
Debt€13k
of which ≤ 1y€12k
of which > 1y-
Working capital€79k
Employees (FTE)-
Ratios (computed)
2024
Current ratio7.38
Quick ratio7.38
Working capital ratio80.3%
Solvency86.7%
Debt / equity0.15
Long-term debt ratio-
Interest coverage59.36
Gross margin-
Net margin-
ROA7.5%
ROE8.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€98k
Fixed assets 21/28€7k
Tangible fixed assets 22/27€7k
Current assets 29/58€91k
Amounts receivable within one year 40/41€33k
Cash & bank 54/58€58k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€98k
Equity 10/15€85k
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€82k
Amounts payable 17/49€13k
Amounts payable within one year 42/48€12k
Trade debts payable within one year 44€8k
Income statement
Gross operating margin 9900€14k
Operating result 9901€10k
Financial income 75€903
Financial charges 65€223
Result before taxes 9903€10k
Income taxes 67/77€3k
Net result for the period 9904€7k
Result to be appropriated 9905€7k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
86 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Schellendijk 462220 Heist-op-den-Berg

Establishment units

1 location
Greyhat Solutions
Schellendijk 46, 2220 Heist-op-den-BergInstallatie van hulpvoedingssystemen (generatoraggregaten)
since 20212.321.117.453
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area366 m²
Buildings1
Building footprint119 m²
Volume (LiDAR)42 m³
Tallest building10.0 m

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12014K0614/00S002 Flanders 366 m² 1 · 119 m² 10.0 m
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health86Profitability43Solvency100Growth52Stability94
75 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 86
Profitability 43
Solvency 100
Growth 52
Stability 94

Ask AI about this company

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AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Computerconsultancy-activiteiten62020Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten63100Gegevensverwerking, webhosting en aanverwante activiteiten63110Overige vormen van onderwijs85599Overige vormen van onderwijs85599
Primary activity highlighted.
Names & trade names
Legal nameNL Greyhat Solutions
Registered office
Schellendijk 46
2220 Heist-op-den-Berg, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.