Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2022.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Gravaubel from Liège, company number BE0402404104, closed financial year 2025 with a result of € 830,489 after tax. For that financial year Gravaubel recorded revenue of € 40.8 million and equity of € 9 million. Compared with financial year 2024, the result moved from € 597,940 to € 830,489. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 9 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 830,489
▲ 39% vs 2024
Profit after tax over the fiscal year.
€ 53,077
▲ 166% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 500,000 paid out
60 % of the profit went to the shareholders, mostly to JOLY SA (90 % of the shares). That is where the money ends up.
People and assets in 2025
61.9
▲ 2.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▲ 3% vs 2024
€ 51,800 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.
€ 961,437
▼ 32% vs 2024
Of which on lease € 732,455.
Debts at end 2025
€ 1.2 million
▼ 34% vs 2024
€ 552,466 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 5.4 million
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 56 days on average.
€ 197,079
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 29,611,764 | € 32,038,462 | € 40,034,352 | € 40,785,307 | ▲ 2% |
| Profit after taxes | € 344,371 | € 460,200 | € 597,940 | € 830,489 | ▲ 39% |
| Equity | € 7,991,162 | € 8,155,597 | € 8,697,772 | € 8,973,647 | ▲ 3% |
| Total debts | € 8,946,030 | € 10,974,879 | € 12,124,548 | € 8,520,374 | ▼ 30% |
| Cash | € 419,843 | € 500,908 | € 19,974 | € 53,077 | ▲ 166% |
| Land & buildings | € 940,845 | € 1,048,534 | € 968,607 | € 825,933 | ▼ 15% |
| Retained profit | € 7,011,967 | € 7,232,167 | € 7,830,107 | € 8,160,596 | ▲ 4% |
| Dividend | € 200,000 | € 240,000 | € 0 | € 500,000 | |
| Bank debt | € 6,009,600 | € 7,617,516 | € 1,794,941 | € 1,183,535 | ▼ 34% |
| Balance sheet total | € 17,402,380 | € 19,526,765 | € 21,418,548 | € 18,104,633 | ▼ 15% |
| Employees (FTE) | 55.3 | 57.3 | 59.6 | 61.9 | ▲ 2.3 |
Key figures of Gravaubel, fiscal years 2022 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 Gravaubel?
What happened at Gravaubel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- TALAND SRL stepped down as director. NBB
- DelGest SRL stepped down as director. NBB
- JOLY SA stepped down as director. NBB
- C&M FRERE CONSULT SRL stepped down as director. NBB
- FINOFAB SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 830,489 (▲ 39% vs 2024). Source: NBB ↗
- TALAND SRL became a director. NBB
- DelGest SRL became a director. NBB
In short
From € 344,371 profit in 2022 to € 830,489 profit in 2025.
Paid € 438,973 in corporate taxes since 2022.
Best year ever: 2025, with € 830,489 profit.
Paid out € 940,000 in dividends to the owners in total.
Management
The stake of JOLY SA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GravaubelThe shares are held by JOLY SA (90%). It owns 100% of GAMA ASPHALT itself.
Directors
According to the 2025 annual accounts
Director · represented by Bertrand TALLIEU
Also active at: LECOMTE SA, BLOCQUAY S.A., BALAES, DEUMER SA, CARRIERE D'OTTRE S.A., AB Tech, JOLY SA, JOLY +1 more
since 2021 · until 2027
Director · represented by Pascal DELHEZ
Also active at: LECOMTE SA, BLOCQUAY S.A., BALAES, DEUMER SA, CARRIERE D'OTTRE S.A., AB Tech, JOLY SA, JOLY +1 more
since 2021 · until 2027
Managing director · represented by Pierre JOLY
Also active at: LECOMTE SA, BLOCQUAY S.A., BALAES, DEUMER SA, CARRIERE D'OTTRE S.A., AB Tech, GAMA - ASPHALT, JOLIMMO +5 more
since 2021 · until 2027
Director · represented by Hervé FRERE
Also active at: LECOMTE SA, BLOCQUAY S.A., BALAES, DEUMER SA, CARRIERE D'OTTRE S.A., AB Tech, JOLY SA, WERISOL +3 more
since 2021 · until 2027
Director · represented by Olivier FABRY
Also active at: LECOMTE SA, BLOCQUAY S.A., BALAES, DEUMER SA, CARRIERE D'OTTRE S.A., AB Tech, GAMA - ASPHALT, JOLY SA +3 more
since 2021 · until 2027
Shareholders
90%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Avenue de l'Indépendance 83
4020 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →AB Tech same network
€ 24.7 million revenue · 2025
GAMA - ASPHALT same network
€ -9,916 gross margin · 2025
JOLY SA same network
€ 2.2 million revenue · 2025
SSM ABTECH-SOCOGETRA
WERISOL same network
€ 1.2 million revenue · 2025
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.404.104
- VAT number
- BE 0402.404.104
- Registered office
- Avenue de l'Indépendance 83, 4020 Liège
- Names & denominations
- Gravaubel
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 December 1941
- Peppol
- Active · Active since 13 Nov 2025
- Activities · NACE
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