J. GRIMMEAU
ActiveJ. GRIMMEAU has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €362k and a net result of €-19k. Equity is shrinking by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 19354 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability13▼-51
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 8.86 against 22.44 in 2023; short-term debt: 1% and cash: 6.4% of total assets), and 12.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Sector 68
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
87.3%
Return on assets
-4.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year €-19k
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 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
21 d early
2022
6 d early
2021
1 d early
2020
2 d late
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€362k▼ 6.5%
2023 · €387k
2019: €425k
2020: €420k
2021: €420k
2022: €404k
2023: €387k
2019 → 2024
Total assets
€414k▼ 7.2%
2023 · €447k
2019: €538k
2020: €513k
2021: €500k
2022: €474k
2023: €447k
2019 → 2024
Net result
€-19k▼ 5.0%
2023 · €-18k
2019: €10k
2020: €-5k
2021: €304
2022: €-16k
2023: €-18k
2019 → 2024
Working capital
€33k▼ 15.7%
2023 · €40k
2019: €17k
2020: €21k
2021: €46k
2022: €45k
2023: €40k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€420k-€420k▲ 0.1%€404k▼ 3.8%€387k▼ 4.4%€362k▼ 6.5%
Operating result€-14k-€-5k▲ 64.2%€-24k▼ 365%€-27k▼ 12.7%€-29k▼ 5.5%
Net result€-5k-€304€-16k€-18k▼ 13.4%€-19k▼ 5.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €29k in 2024 against €27k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €414k
Fixed assets
€377k▼ 7.0%
Current assets
€38k▼ 9.2%
Equity and liabilities €414k
Equity
€362k▼ 6.5%
Provisions
€42k▼ 19.2%
Debt
€11k▲ 29.8%
The debt ratio rises from 1.9% to 2.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-50▼
2023 · €2k
Cash flow
€10k▼
2023 · €11k
Solvency
87.3%▲
2023 · 86.5%
Current ratio
8.86▼
2023 · 22.44
Quick ratio
8.86▼
2023 · 22.44
Debt / equity
0.03▲
2023 · 0.02
ROE
-5.2%▼
2023 · -4.6%
ROA
-4.5%▼
2023 · -4.0%
Interest coverage
-1.11▼
2023 · 48.27
Debt
€11k▲
2023 · €9k
Debt ≤ 1 year
€4k▲
2023 · €2k
Debt > 1 year
€7k=
2023 · €7k
Income taxes
€281▼
2023 · €661
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€447k€414k▼
Fixed assets21/28€405k€377k▼
Tangible fixed assets22/27€405k€377k▼
Land and buildings22€347k€329k▼
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€1k€785▼
Other tangible fixed assets26€49k€41k▼
Current assets29/58€42k€38k▼
Amounts receivable within one year40/41€13k€11k▼
Trade receivables40€5k€2k▼
Other amounts receivable41€8k€9k▲
Cash at bank and in hand54/58€28k€26k▼
Deferred charges and accrued income490/1€700€700=
Equity and liabilities
Total equity and liabilities10/49€447k€414k▼
Equity10/15€387k€362k▼
Contributions10/11€7k€265▼
Capital10€7k-
Issued capital100€19k-
Uncalled capital101€12k-
Reserves13€318k€299k▼
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k-
Reserves not available under the articles1311-€2k
Tax-exempt reserves132€116k€96k▼
Distributable reserves133€200k€200k=
Profit (loss) carried forward14€62k€63k▲
Provisions and deferred taxes16€51k€42k▼
Deferred taxes168€51k€42k▼
Amounts payable17/49€9k€11k▲
Amounts payable after more than one year17€7k€7k=
Other amounts payable178/9€7k€7k=
Amounts payable within one year42/48€2k€4k▲
Trade debts44€218€3k▲
Suppliers440/4€218€3k▲
Advances received on contracts in progress46€708€708=
Taxes, remuneration and social security45€900€900=
Taxes450/3€900€900=
Other amounts payable47/48€24€24=
Accrued charges and deferred income492/3-€182
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€28k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€6k€4k▼
Operating profit (loss)9901€-27k€-29k▼
Financial income75/76B€1€217▲
Recurring financial income75€1€217▲
Financial charges65/66B€45€45=
Recurring financial charges65€45€45=
Profit (loss) for the period before taxes9903€-27k€-28k▼
Transfer from deferred taxes780€10k€10k=
Income taxes67/77€661€281▼
Profit (loss) for the period9904€-18k€-19k▼
Transfer from tax-exempt reserves789€19k€19k=
Profit (loss) for the period to be appropriated9905€1k€361▼
Appropriation of the result
Profit (loss) to be appropriated9906€62k€63k▲
Profit (loss) brought forward from the previous period14P€61k€62k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 47.93
Current ratio from 21.83 to 47.93; short-term debt falls from €2k to €964.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €304
Net result €304 after one loss-making year.
31-12
Financial
Liquidity times 7current ratio 21.83
Current ratio from 3.10 to 21.83; short-term debt falls from €10k to €2k.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 39 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
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, Ukkel · 1 establishment unit since 1989
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.
Jean en Pierre Carsoellaan 371180 UkkelGround area
275 m²
Building footprint
160 m²
Volume, LiDAR
1,907 m³
Parcel 21612D0078/00D003, Brussels · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
J. GRIMMEAU SC
since 19892.046.052.573
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612D0078/00D003 | Brussels | 275 m² | 1 · 160 m² | 16.4 m · 4 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
PROMOTIONS ET CONSTRUCTIONS
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DL-INVEST
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MADECE
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BERIMCO
BE 0475.142.820
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J2
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Of 12,018 companies in sector 68203 we hold annual accounts for 5,984. 4,423 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-09-1989
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.