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 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
GRIMWOOD from Zulte, company number BE0434804082, closed financial year 2025 with a result of € -10,263 after tax. For that financial year GRIMWOOD recorded a gross margin of € 13,347 and equity of € -26,354. Compared with financial year 2024, the result moved from € -2,474 to € -10,263. 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 2, 2026.
€ -26,354
▼ € 10,263 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,263
▼ 315 % more loss than in 2024
Profit after tax over the fiscal year.
€ 348
▼ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -101,144.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 28,173
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 57,067
▼ 9% vs 2024
€ 6,508 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 47,485
▲ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,710
▼ 88% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 30,607 | € 21,360 | € 23,468 | € 13,347 | ▼ 43% |
| Profit after taxes | € 12,070 | € -4,933 | € -2,474 | € -10,263 | ▼ € 7,790 |
| Equity | € -8,684 | € -13,617 | € -16,091 | € -26,354 | ▼ € 10,263 |
| Total debts | € 77,953 | € 140,974 | € 133,553 | € 140,059 | ▲ 5% |
| Cash | € 6,181 | € 13,281 | € 455 | € 348 | ▼ 23% |
| Retained profit | € -83,473 | € -88,406 | € -90,880 | € -101,144 | ▼ € 10,263 |
| Bank debt | € 0 | € 20,042 | € 62,468 | € 57,067 | ▼ 9% |
| Balance sheet total | € 74,269 | € 129,857 | € 117,462 | € 113,705 | ▼ 3% |
Key figures of GRIMWOOD, 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 GRIMWOOD?
What happened at GRIMWOOD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 10,263. filed late Source: NBB ↗
- New establishment in Zulte. KBO
- Carl Polfliet became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 12,070 profit in 2022 to € 10,263 loss in 2025.
Paid € 14,069 in corporate taxes since 2022.
Best year ever: 2022, with € 12,070 profit.
Management
Behind GRIMWOOD is Carl Polfliet.
Directors
According to the 2025 annual accounts
Carl Polfliet
Bestuurder
since 1988
Establishments
Establishment units
Physical locations of this company
Valleistraat 9
9870 Zulte
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
GOOGLE - Google LLC, US
Website info
Features
Security
Details
- Company number
- 0434.804.082
- VAT number
- BE 0434.804.082
- Registered office
- Valleistraat 9, 9870 Zulte
- Names & denominations
- GRIMWOOD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 July 1988
- Peppol
- Active · Active since 4 Dec 2025
- Contact
- grimwood.be
- Activities · NACE
Handelsbemiddeling in de groothandel in hout en bouwmaterialen
Handelsbemiddeling in hout en bouwmaterialen