Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 18.6 to 15.5.
Financials
Financial year 2025
GRIZO from Pittem, company number BE0413466161, closed financial year 2025 with a result of € 30,418 after tax. For that financial year GRIZO recorded a gross margin of € 1.7 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 24,960 to € 30,418. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 8, 2026.
€ 1.7 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30,418
▲ 22% vs 2024
Profit after tax over the fiscal year.
€ 150,695
▲ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 979,578.
People and assets in 2025
15.5
▼ 2.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 11% vs 2024
€ 69,500 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.
€ 186,675
▼ 31% vs 2024
Of which on lease € 105,126.
Debts at end 2025
€ 3.8 million
▼ 9% vs 2024
€ 379,124 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 482,189
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 293,956
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 11,449,085 | € 10,060,283 | - | |
| Gross margin | € 1,898,636 | - | - | € 1,699,591 | |
| Profit after taxes | € 124,747 | € 19,300 | € 24,960 | € 30,418 | ▲ 22% |
| Equity | € 1,664,670 | € 1,683,970 | € 1,700,469 | € 1,730,887 | ▲ 2% |
| Total debts | € 6,530,087 | € 5,805,535 | € 5,004,003 | € 4,681,806 | ▼ 6% |
| Cash | € 106,265 | € 105,101 | € 76,186 | € 150,695 | ▲ 98% |
| Land & buildings | € 3,233,888 | € 3,388,983 | € 3,207,065 | € 3,030,177 | ▼ 6% |
| Retained profit | € 913,361 | € 932,661 | € 949,160 | € 979,578 | ▲ 3% |
| Dividend | € 0 | € 0 | € 8,460 | € 0 | ▼ 100% |
| Bank debt | € 5,031,207 | € 4,667,656 | € 4,194,922 | € 3,827,987 | ▼ 9% |
| Balance sheet total | € 8,359,770 | € 7,650,623 | € 6,861,852 | € 6,566,333 | ▼ 4% |
| Employees (FTE) | 20.3 | 18.6 | 17.6 | 15.5 | ▼ 2.1 |
Key figures of GRIZO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to GRIZO?
What happened at GRIZO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 30,418 (▲ 22% vs 2024). Source: NBB ↗
- Amutnis Management BV became a director. NBB
- A Paul Invest BV became a director. NBB
- Aloïs Vandemoortele stepped down as director. NBB
- Niels Vandemoortele stepped down as director. NBB
- Aloïs Vandemoortele became a director. NBB
- Niels Vandemoortele became a director. NBB
- New establishment in Moorslede. KBO
In short
From € 124,747 profit in 2022 to € 30,418 profit in 2025.
Paid € 79,445 in corporate taxes since 2022.
Best year ever: 2022, with € 124,747 profit.
On average € 109,700 of value added per employee in 2025.
A new publication or filing at GRIZO? We notify you, reason included.
Follow GRIZODatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind GRIZO are Filip Vandemoortele, Edith Muzard, Amutnis Management BV and A Paul Invest BV.
Directors
According to the 2025 annual accounts
Filip Vandemoortele
Managing director
Edith Muzard
Managing director
Managing director · represented by Niels Vandemoortele
since 2025
Managing director · represented by Aloïs Vandemoortele
since 2025
Aloïs Vandemoortele
Managing director
since 2024 · until 2025
Niels Vandemoortele
Managing director
since 2024 · until 2025
Establishments
Establishment units
Physical locations of this company
Posterijlaan 5
8740 Pittem
Waterdamstraat 2a
8890 Moorslede
Active since 1 January 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
UPCLOUD, FI
Website info
Features
Security
Details
- Company number
- 0413.466.161
- VAT number
- BE 0413.466.161
- Registered office
- Posterijlaan 5, 8740 Pittem
- Names & denominations
- GRIZO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 September 1973
- Peppol
- Active · Active since 26 Nov 2025
- Contact
- grizo.be +32 (0)51 46 40 44
- Activities · NACE
Groothandel in veevoeders
Groothandel in granen, zaden en diervoeders
Groothandel in akkerbouwproducten en veevoeders, algemeen assortiment
Vervaardiging van veevoeders
Groothandel in voedsel voor huisdieren