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
GRAUX from Tournai, company number BE0428119693, closed financial year 2025 with a result of € -319,890 after tax. For that financial year GRAUX recorded a gross margin of € -73,387 and equity of € 210,004. Compared with financial year 2024, the result moved from € -253,203 to € -319,890. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 210,004
▲ € 679,460 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -319,890
▼ 26 % more loss than in 2024
Profit after tax over the fiscal year.
€ 42,009
▼ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -889,996.
People and assets in 2025
2.9
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 159,348
▲ 43% vs 2024
€ 54,900 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.
€ 55,093
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 45,157
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,307
▲ 42% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -33,930 | € -144,404 | € -59,795 | € -73,387 | ▼ € 13,592 |
| Profit after taxes | € -113,816 | € -288,901 | € -253,203 | € -319,890 | ▼ € 66,687 |
| Equity | € 72,648 | € -216,253 | € -469,456 | € 210,004 | ▲ € 679,460 |
| Total debts | € 484,332 | € 631,595 | € 1,026,466 | € 475,727 | ▼ 54% |
| Cash | € 257,592 | € 70,324 | € 44,499 | € 42,009 | ▼ 6% |
| Land & buildings | € 16,530 | € 16,159 | € 68,263 | € 62,280 | ▼ 9% |
| Retained profit | € -28,002 | € -316,903 | € -570,106 | € -889,996 | ▼ € 319,890 |
| Bank debt | € 0 | € 0 | € 747,350 | € 0 | ▼ 100% |
| Balance sheet total | € 556,980 | € 415,342 | € 557,011 | € 685,731 | ▲ 23% |
| Employees (FTE) | - | 2 | 2.5 | 2.9 | ▲ 0.4 |
Key figures of GRAUX, 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 GRAUX?
What happened at GRAUX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 319,890. Source: NBB ↗
- THE FUTURE IS BRIGHT became a director. NBB
- Laurent Vannest became a director. NBB
- Louis Dhont became a director. NBB
- Els Thermotte became a director. NBB
- New establishment in Tournai. KBO
- Start of the company according to the CBE. KBO
In short
From € 113,816 loss in 2022 to € 319,890 loss in 2025.
Management
The stake of TNFO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GRAUXBehind GRAUX are THE FUTURE IS BRIGHT, Laurent Vannest, Louis Dhont and Els Thermotte. The shares are held by TNFO (100%).
Directors
According to the 2025 annual accounts
since 2023
since 2022
Louis Dhont
Director
Also active at: NESTT, The Nest Real Estate, LCJ, DIFG, Columbus Holding, TNFO, DOMAINE DE GRAUX
since 2022
Els Thermotte
Director
since 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Crotière(G-R) 36
7530 Tournai
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0428.119.693
- VAT number
- BE 0428.119.693
- Registered office
- Rue Crotière(G-R) 36, 7530 Tournai
- Names & denominations
- GRAUX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 August 1985
- Peppol
- Active · Active since 2 Apr 2026
- Activities · NACE
Gemengd landbouwbedrijf
Gemengd bedrijf
Overige detailhandel in nieuwe artikelen neg
Detailhandel in groenten en fruit
Markt- en straathandel in voedings- en genotmiddelen
Markt- en straathandel in andere artikelen