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GRIMEX

Active
Private limited companyfounded 1976active for 49 yearsVaartstraat 1B, 8780 Oostrozebeke, BelgiumKBO/BCE: BE 0416.661.718
Summary

The computed 12-month bankruptcy probability of GRIMEX is 6.7% (elevated). The 2025 annual accounts show negative equity (-€692,330) and a net result of -€469,804. Equity is shrinking by about 44% per year across the filed financial years. Its solvency ranks better than 5% of 9,770 sector peers (NACE 46, financial year 2025). The company has been active since 1976 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
GRIMEXActiveChecked score 32/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of fruit and vegetables, excluding potatoes
NACE 46319
4th oldest company in Oostrozebeke, Wholesale and retail trade sector1 site
Size
€341,206total assets 2025
Staff
5.2 FTE
Equity
-€692,330
Loss
-€469,804
Turnover not published (abbreviated format)
Financial health
32 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
6.7%
Structure
Parent
MIPA FROST · 100%
  • MIPA FROSTDirector · permanent representative Pascal Braecke
2025 accounts filed 3 days late2 of 8 deeds summarised
Why 32raises riskNegative equity -€692,330Loss of €469,804, the second in a row (financial year 2025)Liquidity: current ratio 0.19, cash €3,143, halvedFounded in 1976Show the evidence

Checked score

Score 2025
32 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 5% of its sector peers (NACE 46, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -202.9% of total assets
Liquidity 1-3
short-term debt 302.9% · cash 0.9%
Profitability 0=
return on assets -137.7%
Bankruptcy probability, 12 months
6.7% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,883 companies, NACE 46, micro)
Last 24 months 11-2024: 2.5%lowest value 12-2024: 2.5%● unchanged vs 11-2024 01-2025: 2.7%▲ +0.2 percentage points vs 12-2024 02-2025: 3.6%▲ +0.9 percentage points vs 01-2025 03-2025: 10.2%▲ +6.6 percentage points vs 02-2025 04-2025: 10.2%● unchanged vs 03-2025 05-2025: 10.2%● unchanged vs 04-2025 06-2025: 10.2%● unchanged vs 05-2025 07-2025: 10.2%● unchanged vs 06-2025 08-2025: 10.2%● unchanged vs 07-2025 09-2025: 10.2%● unchanged vs 08-2025 10-2025: 10.3%▲ +0.1 percentage points vs 09-2025 11-2025: 10.8%▲ +0.5 percentage points vs 10-2025 12-2025: 10.7%▼ -0.1 percentage points vs 11-2025 01-2026: 10.9%▲ +0.2 percentage points vs 12-2025highest value 02-2026: 10.8%▼ -0.1 percentage points vs 01-2026 03-2026: 8.1%▼ -2.7 percentage points vs 02-2026 04-2026: 8.1%● unchanged vs 03-2026 05-2026: 8.1%● unchanged vs 04-2026 06-2026: 8.1%● unchanged vs 05-2026 07-2026: 8.1%● unchanged vs 06-2026 08-2026: 6.7%▼ -1.4 percentage points vs 07-2026 09-2026: 6.7%● unchanged vs 08-2026 10-2026: 6.7%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.19, compared with 0.5 in 2024, below 1; short-term debt: 302.9% and cash: 0.9% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 6% on solvency, 4% on liquidity, 6% on profitability and 2% on growth.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
raises risk
raises risk · Negative equity -€692,330
NBB · annual accounts
raises risk · Loss of €469,804, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.19, cash €3,143, halved
NBB · annual accounts
raises risk · Founded in 1976
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€692,330
raises risk · 2025 accounts filed 3 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
3 days late
2024
4 days late
2023
16 days late
2022
28 days late
2021
41 days early
2020
39 days early
2019
50 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 11 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 4 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end26-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Permanent representative: Iris CarsauRegistered-office move

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€692,330 View
  • Caution: Equity fell in 2025from -€222,526 to -€692,330 ▼ 211% View
  • Caution: Among the weakest 5% on solvencysector median 43.1% · 9,770 companies -202.9% View
  • Controlled by MIPA FROST 100% View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€469,804 View
  • Active since 1976founded 24-12-1976 49 years View

By topic

Financials

Financial year
2025
Total assets
€341,206
Loss
-€469,804
Solvency
-202.9%
Total assets▼ 29.3%
Net result
20192025
Go to Financials

Timeline

Events
51
Since
1978
Next accounts
by 31-01-2027
  1. 23-02-2024Resignations: MIPA FROST, Dirk De Maré and…
  2. 16-02-2024Annual accounts filed
  3. 30-06-2023Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale of fruit and vegetables, excluding potatoesNACE 46319
Founded
24-12-1976
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
18
Who signs
Each director alone
Annual meeting
First Saturday of December at 10:00
Purpose
“Alle ambachtelijke,industriële en handelsactiviteiten uit te voeren,die verband houden met…” (deed in Dutch)
Go to Articles of association

Key facts about GRIMEX

What is the company number of GRIMEX?
0416.661.718. In Belgium the VAT number is the company number with BE in front: BE 0416.661.718.
Where is GRIMEX based?
The registered office is at Vaartstraat 1B, 8780 Oostrozebeke.Company details
What does GRIMEX do?
According to the KBO register, the main activity is wholesale of fruit and vegetables, excluding potatoes (NACE 46319).
What is the legal form of GRIMEX?
Private limited company (BV).
When was GRIMEX founded?
On 24-12-1976.
Is GRIMEX still active?
Yes, GRIMEX is an active enterprise in the KBO register.
How many employees does GRIMEX have?
On average 5.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of GRIMEX?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is GRIMEX profitable?
In financial year 2025, GRIMEX made a loss of €469,804.
Where can I find the annual accounts of GRIMEX?
GRIMEX filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GRIMEX due?
By 31-01-2027, for financial year 2026.Timeline

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