What does Grizaco do?

Grizaco is a road construction company in Hasselt. Public Limited, started on 1 January 1968, 1 establishment.

What is the address of Grizaco?

The registered office of Grizaco is located at Scheepvaartkaai 4, 3500 Hasselt.

Is Grizaco still active?

Yes. According to the CBE (29 October 2026) Grizaco is active, legal situation “Normale toestand”, started on 1 January 1968.

Is Grizaco registered on Peppol?

Yes, Grizaco is registered on the Peppol network with ID 0208:0401302757.

What is the enterprise number of Grizaco?

The enterprise number of Grizaco is BE0401302757.

When was Grizaco founded?

Grizaco was founded on 1 January 1968.

Who are the directors of Grizaco?

According to the 2025 annual accounts, the directors of Grizaco are: LAHBIB BOUARFA, MICKAEL MILLET, CHRISTOPHE MINIER.

Is Grizaco a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 January 1968; 2 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did Grizaco make in 2025?

Grizaco posted a profit after taxes of € 14,579 in financial year 2025.

What is the revenue of Grizaco?

In its most recent annual accounts (2025), Grizaco reported revenue of € 26,623,243.

How much does an employee at Grizaco earn?

The average wage cost per full-time employee at Grizaco was € 75,300 in 2025: staff costs of € 3.8 million for 51 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Grizaco have?

According to the 2025 annual accounts, Grizaco has 51 full-time equivalents (FTE).

Grizaco (Public Limited) - Hasselt - BE0401302757

Dossier Grizaco, printed on 29 October 2026 from databakkes.be/en/0401302757/grizaco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Grizaco from Hasselt, company number BE0401302757, closed financial year 2025 with a result of € 14,579 after tax. For that financial year Grizaco recorded revenue of € 26.6 million and equity of € 1.7 million. Compared with financial year 2023, the result moved from € 503,793 to € 14,579. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 7, 2026.

What it is worth Growing

€ 1.7 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 14,579

▼ 97% vs 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 0

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 14,579 paid out

100 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Full-time equivalents

▼ 1.9 vs 2023

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 2.4 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 3.8 million

▲ 9% vs 2023

€ 75,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 205,495

▲ 63% vs 2023

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 4.2 million

▲ € 3.2 million vs 2023

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 3.7 million

▲ 33% vs 2023

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 59 days on average.

Taxes and wages

€ 732,417

▼ 25% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2023	2025	Change 2023 → 2025
Revenue	€ 27,022,827 Revenue 2023: € 27,022,827 First fiscal year in the series	€ 26,623,243 Revenue 2025: € 26,623,243 ▼ 1% vs 2023 (€ 27,022,827) Unfavourable step	▼ 1%
Profit after taxes	€ 503,793 Profit after taxes 2023: € 503,793 First fiscal year in the series	€ 14,579 Profit after taxes 2025: € 14,579 ▼ 97% vs 2023 (€ 503,793) Unfavourable step	▼ 97%
Equity	€ 1,719,123 Equity 2023: € 1,719,123 First fiscal year in the series	€ 1,719,311 Equity 2025: € 1,719,311 Unchanged (€ 1,719,123) Favourable step
Total debts	€ 5,711,468 Total debts 2023: € 5,711,468 First fiscal year in the series	€ 9,097,077 Total debts 2025: € 9,097,077 ▲ 59% vs 2023 (€ 5,711,468) Unfavourable step	▲ 59%
Retained profit	€ 851,495 Retained profit 2023: € 851,495 First fiscal year in the series	€ 851,684 Retained profit 2025: € 851,684 Unchanged (€ 851,495) Favourable step
Dividend	€ 503,936 Dividend 2023: € 503,936 First fiscal year in the series	€ 14,579 Dividend 2025: € 14,579 ▼ 97% vs 2023 (€ 503,936) Unchanged	▼ 97%
Bank debt	€ 1,024,147 Bank debt 2023: € 1,024,147 First fiscal year in the series	€ 4,228,440 Bank debt 2025: € 4,228,440 ▲ € 3.2 million vs 2023 (€ 1,024,147) Unfavourable step	▲ € 3.2 million
Balance sheet total	€ 7,556,976 Balance sheet total 2023: € 7,556,976 First fiscal year in the series	€ 10,969,764 Balance sheet total 2025: € 10,969,764 ▲ 45% vs 2023 (€ 7,556,976) Unchanged	▲ 45%
Employees (FTE)	52.9 Employees (FTE) 2023: 52.9 First fiscal year in the series	51 Employees (FTE) 2025: 51 ▼ 1.9 vs 2023 (52.9) Unchanged	▼ 1.9

Key figures of Grizaco, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to Grizaco?

What happened at Grizaco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 MICKAEL MILLET stepped down as director. NBB
2028 LAHBIB BOUARFA stepped down as director. NBB
2028 CHRISTOPHE MINIER stepped down as director. NBB
Aug 7, 2026 New annual accounts for financial year 2025: profit of € 14,579 (▼ 97% vs 2023). filed late Source: NBB ↗
2025 MICKAEL MILLET became a director. NBB
2022 LAHBIB BOUARFA became a director. NBB
2022 CHRISTOPHE MINIER became a director. NBB
Jan 1, 1968 Start of the company according to the CBE. KBO

In short

From € 503,793 profit in 2023 to € 14,579 profit in 2025.

Paid € 221,919 in corporate taxes since 2023.

Best year ever: 2023, with € 503,793 profit.

Paid out € 518,515 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2025 annual accounts

LAHBIB BOUARFA

Managing director

Also active at: EUROVIA BELGIUM

since 2022 · until 2028

MICKAEL MILLET

Director

Also active at: Carrières Unies de Porphyre, EUROVIA BELGIUM

since 2025 · until 2031

CHRISTOPHE MINIER

Director

Also active at: Carrières Unies de Porphyre, LES MATERIAUX ENROBES DU TOURNAISIS, VERHOYE, CECOSY, HYDROCAR Industrie

since 2022 · until 2028

Establishments

Establishment units

Physical locations of this company

Registered office

Scheepvaartkaai 4

3500 Hasselt

2.102.026.226

Scheepvaartkaai 29

3500 Hasselt

Active since 1 April 1961

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0401.302.757

VAT number

BE 0401.302.757

Registered office

Scheepvaartkaai 4, 3500 Hasselt

Names & denominations

Grizaco

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 January 1968

Peppol

Active · Active since 21 Jan 2026

Activities · NACE

Bouw van autowegen en andere wegen

Bouw van autowegen en andere wegen, vliegvelden en sportfaciliteiten

Vervaardiging van niet-metaalhoudende minerale producten, n.e.g.

Vervaardiging van andere niet-metaalhoudende minerale producten, neg

View on CBE Public ↗ Annual accounts (NBB) ↗