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 18 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
GRANITE WORKS from Sint-Truiden, company number BE0413929583, closed financial year 2024 with a result of € 18,201 after tax. For that financial year GRANITE WORKS recorded a gross margin of € 211,134 and equity of € 572,366. Compared with financial year 2023, the result moved from € -39,670 to € 18,201. 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 July 29, 2025.
€ 572,366
▲ 3% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,201
▲ still € 39,670 loss in 2023
Profit after tax over the fiscal year.
€ 27,939
▲ 207% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 423,630.
People and assets in 2024
1.6
Average over the fiscal year, from the social balance sheet.
€ 97,029
▲ 6% vs 2023
€ 60,600 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.
Debts at end 2024
€ 684,459
▼ 7% vs 2023
€ 55,789 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 2,137
▲ 49% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 14,209
▼ 28% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 95,651 | € 82,728 | € 175,900 | € 211,134 | ▲ 20% |
| Profit after taxes | € 27,193 | € 82,444 | € -39,670 | € 18,201 | ▲ € 57,872 |
| Equity | € 511,390 | € 593,835 | € 554,165 | € 572,366 | ▲ 3% |
| Total debts | € 1,196,595 | € 1,079,420 | € 1,413,356 | € 1,360,468 | ▼ 4% |
| Cash | € 2,508 | € 7,662 | € 9,091 | € 27,939 | ▲ 207% |
| Land & buildings | € 1,016,289 | € 952,653 | € 1,220,770 | € 1,165,871 | ▼ 4% |
| Retained profit | € 362,654 | € 445,099 | € 405,429 | € 423,630 | ▲ 4% |
| Bank debt | € 510,841 | € 455,980 | € 738,893 | € 684,459 | ▼ 7% |
| Balance sheet total | € 1,707,986 | € 1,673,255 | € 1,967,520 | € 1,932,835 | ▼ 2% |
| Employees (FTE) | 1.6 | 1.6 | 1.6 | 1.6 |
Key figures of GRANITE WORKS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to GRANITE WORKS?
What happened at GRANITE WORKS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 18,201. Source: NBB ↗
- New establishment in Sint-Truiden. KBO
- Start of the company according to the CBE. KBO
In short
From € 27,193 profit in 2021 to € 18,201 profit in 2024.
Paid € 8,620 in corporate taxes since 2021.
Best year ever: 2022, with € 82,444 profit.
On average € 132,000 of value added per employee in 2024.
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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 GRANITE WORKS is Ivan Otten. It owns 68% of Granite Works Otten itself.
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
Stippelstraat 41
3800 Sint-Truiden
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.
Details
- Company number
- 0413.929.583
- VAT number
- BE 0413.929.583
- Registered office
- Stippelstraat 41, 3800 Sint-Truiden
- Names & denominations
- GRANITE WORKS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 February 1974
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
Houwen, bewerken en afwerken van natuursteen
Houwen, bewerken en afwerken van bouw- en siersteen
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Overige gespecialiseerde werkzaamheden in de bouw
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2
Groothandel in bouwmaterialen, algemeen assortiment
Overige gespecialiseerde bouwactiviteiten, neg
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
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