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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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Busy address KBO
27 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BUREAU D'ETUDES GREISCH from Liège, company number BE0425860781, closed financial year 2025 with a result of € 862,798 after tax. For that financial year BUREAU D'ETUDES GREISCH recorded revenue of € 17.2 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 1.4 million to € 862,798. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 1.6 million
▲ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 862,798
▼ 40% vs 2024
Profit after tax over the fiscal year.
€ 50,495
▼ 67% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 430,000 paid out
50 % of the profit went to the shareholders, mostly to GREISCH COORDINATION ETUDESA (90 % of the shares). That is where the money ends up.
People and assets in 2025
92.2
▲ 4.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8 million
▲ 6% vs 2024
€ 87,000 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.
€ 312,257
▲ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.1 million
▲ 9% vs 2024
€ 360,310 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 3.3 million
▼ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 140 days on average.
€ 1.8 million
▼ 10% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 15,398,236 | € 19,651,276 | € 19,631,305 | € 17,155,339 | ▼ 13% |
| Profit after taxes | € 896,413 | € 1,157,311 | € 1,447,358 | € 862,798 | ▼ 40% |
| Equity | € 1,720,648 | € 1,364,054 | € 1,274,545 | € 1,634,259 | ▲ 28% |
| Total debts | € 17,649,645 | € 14,884,845 | € 16,541,299 | € 16,321,857 | ▼ 1% |
| Cash | € 232,489 | € 131,870 | € 150,748 | € 50,495 | ▼ 67% |
| Land & buildings | € 3,086,824 | € 3,075,034 | € 2,927,344 | € 2,771,303 | ▼ 5% |
| Retained profit | € 423,459 | € 425,770 | € 423,128 | € 797,786 | ▲ 89% |
| Dividend | € 890,000 | € 1,155,000 | € 1,450,000 | € 430,000 | ▼ 70% |
| Bank debt | € 6,151,262 | € 7,077,653 | € 6,511,533 | € 7,093,617 | ▲ 9% |
| Balance sheet total | € 19,370,293 | € 16,248,899 | € 17,815,844 | € 17,956,116 | ▲ 1% |
| Employees (FTE) | 81.6 | 83.3 | 87.9 | 92.2 | ▲ 4.3 |
Key figures of BUREAU D'ETUDES GREISCH, 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 BUREAU D'ETUDES GREISCH?
What happened at BUREAU D'ETUDES GREISCH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- dLUC srl stepped down as director. NBB
- PHIC srl stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 862,798 (▼ 40% vs 2024). Source: NBB ↗
- dLUC srl became a director. NBB
- PHIC srl became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Liège. KBO
In short
From € 896,413 profit in 2022 to € 862,798 profit in 2025.
Paid € 902,672 in corporate taxes since 2022.
Best year ever: 2024, with € 1.4 million profit.
Paid out € 3.9 million in dividends to the owners in total.
A new publication or filing at BUREAU D'ETUDES GREISCH? We notify you, reason included.
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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
The shares are held by GREISCH COORDINATION ETUDESA (90%) and GPAR (10%). It owns LIEGE SCIENCE PARK ENERGY itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Luc DEMORTIER
Also active at: GREISCH - COORDINATION & ETUDES, NEO & IDES
since 2021 · until 2027
since 2021 · until 2027
Shareholders
10%
Participations
Establishments
Establishment units
Physical locations of this company
Allée des Noisetiers 25
4031 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 27 companies are registered at this address.
All companies at this address →GREISCH INGENIERIE
€ 18.6 million revenue · 2025
GREISCH - COORDINATION & ETUDES same network
€ 557,786 revenue · 2025
GROUPE GREISCH
SM GREISCH-EGIS AVIA
SM GREISCH - TRANSITEC
+22 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
- 0425.860.781
- VAT number
- BE 0425.860.781
- Registered office
- Allée des Noisetiers 25, 4031 Liège
- Names & denominations
- BUREAU D'ETUDES GREISCH
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 June 1984
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
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