GriSpen
ActiveGriSpen is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €5k and a net result of €157k. Equity is shrinking by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 7974 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
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 10% of 7974 sector peers (2025).
NBB · sector comparisonPosition among 7974 sector peers
Solvency
better than 10%
← weakest
strongest →
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 27-02-2026, 154 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
154 d early
2024
139 d early
2023
93 d early
2022
62 d early
2021
37 d early
2020
12 d early
2019
77 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€5k=
2024 · €5k
2019: €16k
2020: €113k
2021: €210k
2022: €5k
2023: €5k
2024: €5k
2019 → 2025
Net result
€157k▲ 2.1%
2024 · €153k
2019: €13k
2020: €98k
2021: €99k
2022: €124k
2023: €163k
2024: €153k
2019 → 2025
Total assets
€170k▼ 1.8%
2024 · €173k
2019: €35k
2020: €125k
2021: €220k
2022: €149k
2023: €178k
2024: €173k
2019 → 2025
Solvency
2.9%▲ 0.1pp
2024 · 2.9%
2019: 46.2%
2020: 90.0%
2021: 95.8%
2022: 3.4%
2023: 2.8%
2024: 2.9%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€210k-€5k▼ 97.6%€5k=€5k=€5k=
Operating result€128k-€160k▲ 25.3%€214k▲ 33.4%€202k▼ 5.5%€210k▲ 4.1%
Net result€99k-€124k▲ 24.8%€163k▲ 32.1%€153k▼ 6.1%€157k▲ 2.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170k
Fixed assets
€17k▼ 14.5%
Current assets
€152k▼ 0.1%
Equity and liabilities €170k
Equity
€5k=
Debt
€165k▼ 1.9%
The debt ratio falls from 97.1% to 97.1%: debt is paid down.
Key figures and ratios
Solvency
2.9%▲
2024 · 2.9%
ROA
92.3%▲
2024 · 88.7%
Debt
€165k▼
2024 · €168k
Debt ≤ 1 year
€165k▼
2024 · €168k
Income taxes
€51k▲
2024 · €49k
A ratio outside any meaningful range has been withheld (balance sheet total €170k, equity €5k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€173k€170k▼
Fixed assets21/28€20k€17k▼
Tangible fixed assets22/27€20k€17k▼
Plant, machinery and equipment23€7k€7k▼
Furniture and vehicles24€13k€11k▼
Current assets29/58€153k€152k▼
Amounts receivable within one year40/41€80k€70k▼
Trade receivables40€70k€41k▼
Other amounts receivable41€10k€29k▲
Cash at bank and in hand54/58€50k€69k▲
Deferred charges and accrued income490/1€23k€13k▼
Equity and liabilities
Total equity and liabilities10/49€173k€170k▼
Equity10/15€5k€5k=
Contributions10/11€5k€5k=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€168k€165k▼
Amounts payable within one year42/48€168k€165k▼
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€31k€29k▼
Taxes450/3€31k€29k▼
Other amounts payable47/48€131k€133k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€6k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€213k€218k▲
Operating profit (loss)9901€202k€210k▲
Financial income75/76B€15€2▼
Recurring financial income75€15€2▼
Financial charges65/66B€73€2k▲
Recurring financial charges65€73€2k▲
Profit (loss) for the period before taxes9903€202k€208k▲
Income taxes67/77€49k€51k▲
Profit (loss) for the period9904€153k€157k▲
Profit (loss) for the period to be appropriated9905€153k€157k▲
Appropriation of the result
Profit (loss) to be appropriated9906€153k€157k▲
Profit to be distributed694/7€153k€157k▲
Return on contributions (dividend)694€153k€157k▲
The notes to these accounts (6 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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €163k ▲32.1%
Operating result €214k, net result €163k, both a record.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 20.98
Current ratio from 7.83 to 20.98; short-term debt falls from €13k to €9k.
31-12
Financial
Equity above €200kEq €210k ▲86.3%
3 profitable years in a row build equity to €210k.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 7.83
Current ratio from 1.84 to 7.83; short-term debt falls from €19k to €13k.
31-12
Financial
Equity above €100kEq €113k ▲603%
2 profitable years in a row build equity to €113k.
16-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 77 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Zulte · 1 establishment unit since 2019
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.
Beekstraat 149870 ZulteGround area
1,990 m²
Building footprint
231 m²
Volume, LiDAR
1,134 m³
Parcel 44081C0191/00M005, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GriSpen
since 20192.294.269.437
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081C0191/00M005 | Flanders | 1,990 m² | 1 · 231 m² | 7.2 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 248 EUR awarded · 248 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 248 EUR | 248 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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CONSULTING K.F.
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Of 24,637 companies in sector 64210 we hold annual accounts for 19,690. 3,264 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-09-2019
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.