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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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GRYCO from Geraardsbergen, company number BE0441838661, closed financial year 2025 with a result of € 112,021 after tax. For that financial year GRYCO recorded a gross margin of € 320,385 and equity of € 768,153. Compared with financial year 2024, the result moved from € 67,689 to € 112,021. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 18, 2026.
€ 768,153
▲ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 112,021
▲ 65% vs 2024
Profit after tax over the fiscal year.
€ 181,571
▲ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 515,379.
Debts at end 2025
€ 175,706
▼ 34% vs 2024
€ 84,176 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 19,626
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 82,092
▲ 72% 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 | € 222,907 | € 213,072 | € 266,845 | € 320,385 | ▲ 20% |
| Profit after taxes | € 51,546 | € 28,564 | € 67,689 | € 112,021 | ▲ 65% |
| Equity | € 523,186 | € 545,125 | € 606,641 | € 768,153 | ▲ 27% |
| Total debts | € 1,533,198 | € 1,466,997 | € 1,325,756 | € 1,177,414 | ▼ 11% |
| Cash | € 609,687 | € 277,198 | € 160,587 | € 181,571 | ▲ 13% |
| Land & buildings | € 1,112,138 | € 1,051,742 | € 1,124,728 | € 1,118,405 | ▼ 1% |
| Retained profit | € 270,412 | € 292,350 | € 353,866 | € 515,379 | ▲ 46% |
| Dividend | € 6,302 | € 6,626 | € 6,173 | € 0 | ▼ 100% |
| Bank debt | € 634,569 | € 441,847 | € 265,582 | € 175,706 | ▼ 34% |
| Balance sheet total | € 2,058,903 | € 2,013,314 | € 1,932,397 | € 1,945,567 | ▲ 1% |
Key figures of GRYCO, 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 April 2027.
What happened to GRYCO?
What happened at GRYCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 112,021 (▲ 65% vs 2024). filed late Source: NBB ↗
- Françoise Cock became a director. NBB
- New establishment in Geraardsbergen. KBO
- Start of the company according to the CBE. KBO
In short
From € 51,546 profit in 2022 to € 112,021 profit in 2025.
Paid € 143,606 in corporate taxes since 2022.
Best year ever: 2025, with € 112,021 profit.
Paid out € 19,101 in dividends to the owners in total.
Management
Behind GRYCO is Françoise Cock. Françoise Cock is also behind MERLIN and ANPA LESSINES.
Directors
According to the 2025 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Voldersstraat(Onk) 145
9500 Geraardsbergen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0441.838.661
- VAT number
- BE 0441.838.661
- Registered office
- Voldersstraat(Onk) 145, 9500 Geraardsbergen
- Names & denominations
- GRYCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 August 1990
- Peppol
- Active · Active since 17 Feb 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen