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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GRAFE LECOCQ & FILS from Namur, company number BE0427357650, closed financial year 2025 with a result of € -301,675 after tax. For that financial year GRAFE LECOCQ & FILS recorded a gross margin of € 723,177 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € -59,647 to € -301,675. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 1.6 million
▼ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -301,675
▼ 406 % more loss than in 2024
Profit after tax over the fiscal year.
€ 481,224
▲ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.3 million.
People and assets in 2025
14.7
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 780,090
▲ 7% vs 2024
€ 53,100 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.
€ 149,984
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 791,032
▼ 8% vs 2024
€ 84,551 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 415,878
▲ 60% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 206,951
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 822,855 | € 810,626 | € 904,743 | € 723,177 | ▼ 20% |
| Profit after taxes | € 33,027 | € -49,364 | € -59,647 | € -301,675 | ▼ € 242,028 |
| Equity | € 1,971,170 | € 1,921,806 | € 1,862,159 | € 1,560,485 | ▼ 16% |
| Total debts | € 1,553,050 | € 1,477,783 | € 1,612,082 | € 1,784,074 | ▲ 11% |
| Cash | € 349,171 | € 332,322 | € 353,109 | € 481,224 | ▲ 36% |
| Land & buildings | € 314,309 | € 290,959 | € 267,610 | € 244,261 | ▼ 9% |
| Retained profit | € 1,673,170 | € 1,623,806 | € 1,564,159 | € 1,262,485 | ▼ 19% |
| Bank debt | € 892,335 | € 839,643 | € 857,562 | € 791,032 | ▼ 8% |
| Balance sheet total | € 3,524,221 | € 3,399,590 | € 3,474,241 | € 3,344,559 | ▼ 4% |
| Employees (FTE) | 14 | 13.5 | 14.3 | 14.7 | ▲ 0.4 |
Key figures of GRAFE LECOCQ & FILS, 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 GRAFE LECOCQ & FILS?
What happened at GRAFE LECOCQ & FILS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GRAFE TRADITION SA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 301,675. Source: NBB ↗
- GRAFE TRADITION SA became a director. NBB
- New establishment in Namur. KBO
- New establishment in Namur. KBO
- Start of the company according to the CBE. KBO
In short
From € 33,027 profit in 2022 to € 301,675 loss in 2025.
Paid € 5,789 in corporate taxes since 2022.
Best year ever: 2022, with € 33,027 profit.
On average € 49,200 of value added per employee in 2025.
Management
The stake of GRAFE TRADITION comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GRAFE LECOCQ & FILSThe shares are held by GRAFE TRADITION (52.5%).
Directors
According to the 2025 annual accounts
Managing director · represented by Bernard Grafe
since 2023 · until 2029
Shareholders
52.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Place Saint-Aubain 9-11
5000 Namur
Place Saint-Aubain 9
5000 Namur
Active since 14 June 1985
Route Merveilleuse 1
5000 Namur
Active since 19 September 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.357.650
- VAT number
- BE 0427.357.650
- Registered office
- Place Saint-Aubain 9-11, 5000 Namur
- Names & denominations
- GRAFE LECOCQ & FILS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 May 1985
- Peppol
- Active · Active since 22 Sept 2025
- Activities · NACE
Groothandel in dranken
Groothandel in dranken, algemeen assortiment
Groothandel in wijnen en geestrijke dranken
Detailhandel in wijnen en geestrijke dranken
Detailhandel in alcoholische en andere dranken