Grue-FD
ActiveSummary
The computed 12-month bankruptcy probability of Grue-FD is 4.0% (elevated). The 2024 annual accounts show equity of €43k and a net result of €51k. Equity is growing by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 93% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency100▲+89
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
4.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity ample (current ratio 8.74 against 0.87 in 2023; short-term debt: 11.3% and cash: 0.8% of total assets), and 11.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 30-07-2025, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
on the day
2022
14 d early
2021
139 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€43k
2023 · €-7k
2021: €16k
2022: €35k
2023: €-7k
2021 → 2024
Total assets
€49k▼ 7.2%
2023 · €53k
2021: €52k
2022: €61k
2023: €53k
2021 → 2024
Net result
€51k
2023 · €-42k
2021: €14k
2022: €19k
2023: €-42k
2021 → 2024
Working capital
€43k
2023 · €-8k
2021: €15k
2022: €34k
2023: €-8k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€16k-€35k▲ 124%€-7k€43k
Operating result€17k-€24k▲ 42.6%€-43k€53k
Net result€14k-€19k▲ 42.1%€-42k€51k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €53k after a loss of €43k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €49k
Fixed assets
€484 ▼ 30.3%
Current assets
€49k ▼ 6.9%
Equity and liabilities €49k
Equity
€43k
Debt
€6k
Debt finances 11.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€53k▲
2023 · €-43k
Cash flow
€51k▲
2023 · €-42k
Current ratio
8.74▲
2023 · 0.87
Debt to equity
0.13▲
2023 · -8.15
ROE
117.1%
ROA
103.3%▲
2023 · -80.2%
Interest coverage
474.04▲
2023 · -363.44
Debt ≤ 1 year
€6k▼
2023 · €60k
Income taxes
€3k▲
2023 · €2
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 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€53k€49k▼
Fixed assets21/28€695€484▼
Tangible fixed assets22/27€395€184▼
Furniture and vehicles24€395€184▼
Financial fixed assets28€300€300=
Current assets29/58€52k€49k▼
Amounts receivable within one year40/41€44k€48k▲
Trade receivables40€37k€39k▲
Other amounts receivable41€7k€9k▲
Cash at bank and in hand54/58€8k€386▼
Equity and liabilities
Total equity and liabilities10/49€53k€49k▼
Equity10/15€-7k€43k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-9k€41k▲
Amounts payable17/49€60k€6k▼
Amounts payable within one year42/48€60k€6k▼
Financial debts43-€375
Credit institutions430/8-€375
Trade debts44€51k€1k▼
Suppliers440/4€51k€1k▼
Taxes, remuneration and social security45€9k€3k▼
Taxes450/3€9k€3k▼
Other amounts payable47/48€319€624▲
Accrued charges and deferred income492/3-€200
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€211€211=
Other operating charges640/8€384€725▲
Gross operating margin9900€-43k€54k▲
Operating profit (loss)9901€-43k€53k▲
Financial income75/76B€787€448▼
Recurring financial income75€787€448▼
Financial charges65/66B€118€113▼
Recurring financial charges65€118€113▼
Profit (loss) for the period before taxes9903€-42k€54k▲
Income taxes67/77€2€3k▲
Profit (loss) for the period9904€-42k€51k▲
Profit (loss) for the period to be appropriated9905€-42k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€41k▲
Profit (loss) brought forward from the previous period14P€33k€-9k▼
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
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
31-12
Financial
Liquidity times 10current ratio 8.74
Current ratio from 0.87 to 8.74; short-term debt falls from €60k to €6k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-42k ▼319%
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2020
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.
Maurice Van Meenenplein 141060 Sint-Gillis (bij-Brussel)Ground area
335 m²
Building footprint
258 m²
Volume, LiDAR
4,988 m³
Parcel 21013B0388/00R013, Brussels · tallest building 22.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Grue-FD
since 20202.307.888.534
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0388/00R013 | Brussels | 335 m² | 1 · 258 m² | 22.1 m · 6 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.
Similar companies · same sector, comparable size
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BE 0561.813.211
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BE 0840.393.746
Holsbeek · Eq €43,365
Etablissements CARTERON
BE 0778.892.380
Bertrix · Eq €43,535
JMD Energies
BE 0439.180.366
Liège · Eq €43,304
THERMITRA
BE 0419.201.732
Ciney · Eq €43,549
Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 4,408 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
Founded05-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
68110Buying and selling of own real estate
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.