Groupe de Recherche, d'Action et d'Initiatives éducatives
ActiveGroupe de Recherche, d'Action et d'Initiatives éducatives has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €15k and a net result of €-16k. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 17% of 699 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability10▼-63
Solvency32▼-9
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.12 in 2023; short-term debt: 82.3% and cash: 76.4% of total assets), and 93.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 88
Relative position
BE, all sectors
reference
Sector 88
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
6.7%
Return on assets
-7.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 699 sector peers (2024).
NBB · sector comparisonPosition among 699 sector peers
Solvency
better than 17%
← weakest
strongest →
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
33 d early
2022
31 d early
2021
24 d early
2020
12 d early
2019
35 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-16k
2023 · €8k
2018: €3k
2019: €-13k
2020: €15k
2021: €-8k
2022: €-1k
2023: €8k
2018 → 2024
Working capital
€32k▲ 62.9%
2023 · €20k
2018: €52k
2019: €56k
2020: €17k
2021: €40k
2022: €61k
2023: €20k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€39k-€29k▼ 27.3%€26k▼ 9.2%€32k▲ 23.1%€15k▼ 54.7%
Operating result€15k-€-8k€-983▲ 87.9%€7k€-16k
Net result€15k-€-8k€-1k▲ 87.4%€8k€-16k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €16k after €7k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €215k
Fixed assets
€6k▼ 51.5%
Current assets
€209k▲ 9.6%
Equity and liabilities €215k
Equity
€15k▼ 54.7%
Debt
€201k▲ 17.2%
The debt ratio rises from 84.3% to 93.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-9k▼
2023 · €14k
Cash flow
€-9k▼
2023 · €15k
Solvency
6.7%▼
2023 · 15.7%
Current ratio
1.18▲
2023 · 1.12
Quick ratio
1.18▲
2023 · 1.12
Debt / equity
13.85▲
2023 · 5.36
ROE
-109.7%▼
2023 · 23.8%
ROA
-7.4%▼
2023 · 3.7%
Interest coverage
-168.75▼
2023 · 262.09
Debt
€201k▲
2023 · €171k
Debt ≤ 1 year
€177k▲
2023 · €171k
Staff costs
€666k▲
2023 · €609k
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€203k€215k▲
Fixed assets21/28€12k€6k▼
Tangible fixed assets22/27€10k€3k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€8k€1k▼
Financial fixed assets28€2k€3k▲
Current assets29/58€191k€209k▲
Amounts receivable within one year40/41€21k€39k▲
Trade receivables40€1k€1k▼
Other amounts receivable41€20k€38k▲
Cash at bank and in hand54/58€163k€165k▲
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€203k€215k▲
Equity10/15€32k€15k▼
Profit (loss) carried forward14€30k€15k▼
Investment grants15€2k-
Amounts payable17/49€171k€201k▲
Amounts payable within one year42/48€171k€177k▲
Trade debts44€10k€7k▼
Suppliers440/4€10k€7k▼
Taxes, remuneration and social security45€93k€107k▲
Taxes450/3€16k€17k▲
Remuneration and social security454/9€77k€90k▲
Accrued charges and deferred income492/3-€24k
Income statement
Code20232024
Non-recurring operating income76A-€29
Remuneration, social security and pensions62€609k€666k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€264€281▲
Non-recurring operating charges66A€11€120▲
Gross operating margin9900€624k€657k▲
Operating profit (loss)9901€7k€-16k▼
Financial income75/76B€507€596▲
Recurring financial income75€507€596▲
Financial charges65/66B€54€56▲
Recurring financial charges65€54€56▲
Profit (loss) for the period before taxes9903€8k€-16k▼
Profit (loss) for the period9904€8k€-16k▼
Profit (loss) for the period to be appropriated9905€8k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€15k▼
Profit (loss) brought forward from the previous period14P€23k€30k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
01-09
State Gazette act
Statutes amendment · Resignations & appointmentsGeneral meeting · Statutes amendment · Corporate purpose17 facts ▸
State Gazette act
Statutes amendment · Resignations & appointments
General meeting · Statutes amendment · Corporate purpose17 facts ▸
- General meeting, 2026-04-23
- Statutes amendment
- Corporate purpose, Mettre en oeuvre les missions de prévention contenues dans le décret de la Communauté française du 18 janvier 2018 portant le code de la prévention, de l'Aide à…
- Director resignation, Gustave Vanwijnsberghe (administrateur)
- Member admission, Carmelo d'Andrea
- Member admission, Jacques Urbain
- Member admission, Didier Deleruelle
- Director appointment, Carmelo d'Andrea (administrateur)
- Director appointment, Jacques Urbain (administrateur)
- Board composition, Président, 2026-04-23
- Board composition, Secrétaire, 2026-04-23
- Board composition, Trésorier, 2026-04-23
- +5 further facts in this act
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-16k ▼309%
Net result drops to €-16k, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2026
Carmelo d'Andrea
CurrentDirector · since 23-04-2026
Jacques Urbain
CurrentDirector · since 23-04-2026
23-04-2026
Carmelo d'Andrea: Appointed as Director
23-04-2026
Jacques Urbain: Appointed as Director
23-04-2026
Deleruelle Didier: Resigned as Daily management delegate
23-04-2026
Gustave Vanwijnsberghe: Resigned as Director
Location & real-estate footprint
Registered office, Antoing · 1 establishment unit since 2008
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.
Place Bara 87640 AntoingGround area
122 m²
Building footprint
32 m²
Volume, LiDAR
281 m³
Parcel 57003C0411/00N000, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Groupe de Recherche, d'Action et d'Initiatives éducatives
since 20082.196.589.843
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57003C0411/00N000 | Wallonia | 122 m² | 1 · 32 m² | 9.6 m · 3 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
Wallonia-Brussels Federation
2021 to 2025 · 35 entries · 2,221,963 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 17 | 629,575 EUR |
| 2024 | 5 | 596,829 EUR |
| 2023 | 8 | 569,562 EUR |
| 2022 | 2 | 409,883 EUR |
| 2021 | 3 | 16,114 EUR |
Budget allocations
Subventions aux services d'actions en milieu ouvert
Subventions aux services d’actions en milieu ouvert
Subventions visant à soutenir la mise en oeuvre d'actions portées par les services d'action en milieu ouvert (AMO)
Subventions aux actions de prévention spécialisée
Fonds budgétaire destiné à subventionner des actions et des mesures d'aide à la jeunesse et de protection de la jeunesse
Show 1 more
Soutien aux secteurs de l'aide à la jeunesse
Similar companies · same sector, comparable size
AAS+
BE 0545.994.093
Oud-Turnhout · Eq €15k
Aide à la Jeunesse en Quartier populaire
BE 0457.673.516
Anderlecht · Eq €15k
Union francophone des Handicapés
BE 0428.773.949
Marche-en-Famenne · Eq €15k
CHEMIN FAISANT
BE 0478.265.824
Oupeye · Eq €15k
Désistance
BE 0801.931.266
Elsene · Eq €14k
Of 2,205 companies in sector 88999 we hold annual accounts for 802. 254 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded28-09-1990
Fiscal year end31-12
Abbreviation FR
G.R.A.In.E.
Activities, NACEBEL
85323
88999Other social work without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.