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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 7.1 to 5.2.
Financials
Financial year 2025
GRIMEX from Oostrozebeke, company number BE0416661718, closed financial year 2025 with a result of € -469,804 after tax. For that financial year GRIMEX recorded a gross margin of € -146,318 and equity of € -692,330. Compared with financial year 2024, the result moved from € -456,611 to € -469,804. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 3, 2026.
€ -692,330
▼ € 469,804 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -469,804
▼ 3 % more loss than in 2024
Profit after tax over the fiscal year.
€ 3,143
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -712,330.
People and assets in 2025
5.2
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 248,648
▼ 3% vs 2024
€ 47,800 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.
€ 443
▼ 45% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6,878
▼ 66% vs 2024
Loans from banks and other lenders, long and short.
€ 438,223
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,170
▼ 14% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -242,159 | € 322,671 | € -140,200 | € -146,318 | ▼ € 6,118 |
| Profit after taxes | € -613,160 | € 4,360 | € -456,611 | € -469,804 | ▼ € 13,194 |
| Equity | € 229,725 | € 234,085 | € -222,526 | € -692,330 | ▼ € 469,804 |
| Total debts | € 1,037,402 | € 905,415 | € 705,309 | € 1,033,536 | ▲ 47% |
| Cash | € 5,031 | € 41,683 | € 14,140 | € 3,143 | ▼ 78% |
| Land & buildings | € 17,035 | € 29,906 | € 19,167 | € 14,739 | ▼ 23% |
| Retained profit | € 209,725 | € 214,085 | € -242,526 | € -712,330 | ▼ € 469,804 |
| Bank debt | € 256,843 | € 32,545 | € 20,070 | € 6,878 | ▼ 66% |
| Balance sheet total | € 1,267,127 | € 1,139,500 | € 482,784 | € 341,206 | ▼ 29% |
| Employees (FTE) | 6.2 | 7.1 | 6.8 | 5.2 | ▼ 1.6 |
Key figures of GRIMEX, 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 January 2027.
What happened to GRIMEX?
What happened at GRIMEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 469,804. filed late Source: NBB ↗
- Mipa Frost NV became a director. NBB
- New establishment in Oostrozebeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 613,160 loss in 2022 to € 469,804 loss in 2025.
Paid € 3 in corporate taxes since 2022.
Best year ever: 2023, with € 4,360 profit.
On average € 45,400 of value added per employee in 2023.
Management
The stake of MIPA FROST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GRIMEXBehind GRIMEX is Mipa Frost NV. The shares are held by MIPA FROST (100%).
Directors
According to the 2025 annual accounts
Director · represented by Pascal Braecke
Also active at: UNIQUE-ELEMENTS, SEMPERVIRENS
since 2021
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vaartstraat 1B
8780 Oostrozebeke
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
- 0416.661.718
- VAT number
- BE 0416.661.718
- Registered office
- Vaartstraat 1B, 8780 Oostrozebeke
- Names & denominations
- GRIMEX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 1976
- Peppol
- Active · Active since 30 Oct 2025
- Activities · NACE
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