Gryson Construct
ActiveSummary
Gryson Construct has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €373,329 and a net result of -€4,198. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▲+1
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
short-term debt: 0.8% and cash: 76.3% of total assets, and 0.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
4 d late
2023
12 d early
2022
39 d early
2021
39 d early
2020
40 d early
2019
42 d 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 24 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€373,329▼ 74.5%
2024 · €1.5m
Total assets
€376,163▼ 74.4%
2024 · €1.5m
Net result
-€4,198▲ 87.1%
2024 · -€32,614
Working capital
€367,897▼ 74.8%
2024 · €1.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€416,114▲ 131%€562▼ 99.9%€13,419▲ 2,286%-€37,528-€28,032▲ 25.3%
Net result€276,238above the sector's middle half▲ 149%-€4,675within the sector's middle half€7,857within the sector's middle half-€32,614below the sector's middle half-€4,198within the sector's middle half▲ 87.1%
Equity€1.5mabove the sector's middle half▲ 3.7%€1.5mabove the sector's middle half▼ 0.3%€1.5mabove the sector's middle half▲ 0.5%€1.5mwithin the sector's middle half▼ 2.2%€373,329within the sector's middle half▼ 74.5%
Total assets€2.2mwithin the sector's middle half▲ 42.3%€1.6mwithin the sector's middle half▼ 27.8%€1.5mwithin the sector's middle half▼ 3.1%€1.5mwithin the sector's middle half▼ 2.4%€376,163below the sector's middle half▼ 74.4%
Debt€655,263▲ 856%€62,214▼ 90.5%€6,196▼ 90.0%€2,422▼ 60.9%€2,834▲ 17.0%
Working capital€1.5m▲ 4.0%€1.5m=€1.5m▲ 0.4%€1.5m▼ 2.4%€367,897▼ 74.8%
Solvency69.5%above the sector's middle half▼ 25.9pp96.0%above the sector's middle half▲ 26.5pp99.6%above the sector's middle half▲ 3.6pp99.8%above the sector's middle half▲ 0.2pp99.2%above the sector's middle half▼ 0.6pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28,032 in 2025 against €37,528 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €376,163
Fixed assets
€5,432 ▼ 13.8%
Current assets
€370,731 ▼ 74.7%
Equity and liabilities €376,163
Equity
€373,329 ▼ 74.5%
Debt
€2,834 ▲ 17.0%
Debt's share of the balance-sheet total rises from 0.2% to 0.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€27,164▲
2024 · -€36,651
Cash flow
-€3,330▲
2024 · -€31,737
Debt to equity
0.01▲
2024 · 0.00
ROE
-1.1%▲
2024 · -2.2%
ROA
-1.1%▲
2024 · -2.2%
Interest coverage
-30.21▼
2024 · -17.90
Debt ≤ 1 year
€2,834▲
2024 · €2,179
A ratio outside any meaningful range has been withheld (balance sheet total €376,163, equity €373,329).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,916 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,617 | €1,307 | €878 | €878 | €868 | ▼ 1.1% |
| Other operating charges640/8 | - | €1,547 | €1,715 | €249 | €1,348 | ▲ 442% |
| Non-recurring operating charges66A | - | - | - | €4,343 | €1,176 | ▼ 72.9% |
| Gross operating margin9900 | €420,514 | €3,417 | €16,011 | -€32,059 | -€24,641 | ▲ 23.1% |
| Operating profit (loss)9901 | €416,114 | €562 | €13,419 | -€37,528 | -€28,032 | ▲ 25.3% |
| Financial income75/76B | - | €0 | €106 | €6,962 | €24,734 | ▲ 255% |
| Recurring financial income75 | €2 | €0 | €106 | €6,962 | €24,734 | ▲ 255% |
| Financial charges65/66B | - | €5,237 | €2,511 | €2,048 | €899 | ▼ 56.1% |
| Recurring financial charges65 | €10,385 | €5,237 | €2,511 | €2,048 | €899 | ▼ 56.1% |
| Profit (loss) for the period before taxes9903 | €405,731 | -€4,675 | €11,013 | -€32,614 | -€4,198 | ▲ 87.1% |
| Income taxes67/77 | €129,493 | €0 | €3,156 | €0 | - | - |
| Profit (loss) for the period9904 | €276,238 | -€4,675 | €7,857 | -€32,614 | -€4,198 | ▲ 87.1% |
| Profit (loss) for the period to be appropriated9905 | €276,238 | -€4,675 | €7,857 | -€32,614 | -€4,198 | ▲ 87.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €1.6m | €1.5m | €1.5m | €376,163 | ▼ 74.4% |
| Fixed assets21/28 | €9,362 | €8,055 | €7,178 | €6,300 | €5,432 | ▼ 13.8% |
| Tangible fixed assets22/27 | €8,890 | €7,583 | €6,706 | €5,828 | €4,960 | ▼ 14.9% |
| Land and buildings22 | - | €7,405 | €6,590 | €5,775 | €4,960 | ▼ 14.1% |
| Furniture and vehicles24 | - | €178 | €116 | €53 | €0 | ▼ 100% |
| Financial fixed assets28 | €472 | €472 | €472 | €472 | €472 | = |
| Current assets29/58 | €2.1m | €1.5m | €1.5m | €1.5m | €370,731 | ▼ 74.7% |
| Stocks and contracts in progress3 | €159,621 | €102,537 | €37,341 | €37,341 | €70,148 | ▲ 87.9% |
| Stocks30/36 | - | - | - | - | €70,148 | - |
| Contracts in progress37 | - | €102,537 | €37,341 | €37,341 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €3,905 | €64,717 | €12,267 | €31,052 | €13,406 | ▼ 56.8% |
| Trade receivables40 | - | €24,717 | €3,822 | €2,883 | €5,986 | ▲ 108% |
| Other amounts receivable41 | - | €40,000 | €8,445 | €28,169 | €7,420 | ▼ 73.7% |
| Current investments50/53 | - | - | - | €1.0m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €2.0m | €1.3m | €1.4m | €388,976 | €286,988 | ▼ 26.2% |
| Deferred charges and accrued income490/1 | - | €30,887 | €20,444 | €424 | €189 | ▼ 55.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €1.6m | €1.5m | €1.5m | €376,163 | ▼ 74.4% |
| Equity10/15 | €1.5m | €1.5m | €1.5m | €1.5m | €373,329 | ▼ 74.5% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €1.5m | €1.5m | €1.5m | €1.5m | €394,816 | ▼ 73.4% |
| Distributable reserves133 | - | €1.5m | €1.5m | €1.5m | €394,816 | ▼ 73.4% |
| Profit (loss) carried forward14 | - | -€4,675 | -€4,675 | -€37,289 | -€41,486 | ▼ 11.3% |
| Amounts payable17/49 | €655,263 | €62,214 | €6,196 | €2,422 | €2,834 | ▲ 17.0% |
| Amounts payable within one year42/48 | €651,692 | €54,629 | €1,481 | €2,179 | €2,834 | ▲ 30.0% |
| Trade debts44 | €121,826 | €6,764 | €1,481 | €2,179 | €2,663 | ▲ 22.2% |
| Suppliers440/4 | - | €6,764 | €1,481 | €2,179 | €2,663 | ▲ 22.2% |
| Taxes, remuneration and social security45 | - | €1,576 | - | - | €171 | - |
| Taxes450/3 | - | €1,576 | - | - | €171 | - |
| Other amounts payable47/48 | - | €46,289 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €7,585 | €4,715 | €242 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €276,238 | -€4,675 | €7,857 | -€32,614 | -€4,198 | ▲ 87.1% |
| + Depreciation and write-downs630 | €1,617 | €1,307 | €878 | €878 | €868 | ▼ 1.1% |
| Operating cash flow (approximation) | €277,855 | -€3,368 | €8,734 | -€31,737 | -€3,330 | ▲ 89.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€630,145 | €80,807 | -€1.0m | -€101,988 | ▲ 90.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
30-06
Financial
Weakest financial yearnet -€32,614
Net result drops to -€32,614, the lowest in the series; recovery starts the following year.
19-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Back to profitnet €7,857
Net result €7,857 after one loss-making year.
30-06
Financial
Liquidity times 36current ratio 1011.89
Current ratio from 28.29 to 1011.89; short-term debt falls from €54,629 to €1,481.
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Liquidity times 9current ratio 28.29
Current ratio from 3.29 to 28.29; short-term debt falls from €651,692 to €54,629.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Highest result since 2019net €276,238 ▲149%
Operating result €416,114, net result €276,238, both a record.
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Torhout · 1 establishment unit since 2010
Ground area
653 m²
Building footprint
177 m²
Volume, LiDAR
1,509 m³
Parcel 31523E0032/00B002, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Gryson Construct
since 20102.191.081.431
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523E0032/00B002 | Flanders | 653 m² | 1 · 177 m² | 12.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
2 categoriesGryson Construct BV33606
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,804 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded13-08-2010
Fiscal year end30-06
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0828624181
Also
9925:BE0828624181
Registered
06-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.