Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GRAGER from Elsene, company number BE0448972220, closed financial year 2025 with a result of € -146,749 after tax. For that financial year GRAGER recorded a gross margin of € 1.6 million and equity of € 7.3 million. Compared with financial year 2024, the result moved from € -993,265 to € -146,749. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 7.3 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -146,749
▲ 85 % less loss than in 2024
Profit after tax over the fiscal year.
€ 55,639
▼ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 6.2 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 1 million
▼ 5% vs 2024
Of which on lease € 988,920.
Debts at end 2025
€ 5.1 million
▼ 14% vs 2024
€ 824,211 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 252,408
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 49,286
▼ 35% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 706,772 | € 1,120,712 | € 930,673 | € 1,627,534 | ▲ 75% |
| Profit after taxes | € -1,193,996 | € -674,263 | € -993,265 | € -146,749 | ▲ € 846,516 |
| Equity | € 9,114,055 | € 8,439,792 | € 7,446,528 | € 7,299,779 | ▼ 2% |
| Total debts | € 15,621,116 | € 15,328,620 | € 15,058,739 | € 13,744,502 | ▼ 9% |
| Cash | € 113,512 | € 32,485 | € 93,367 | € 55,639 | ▼ 40% |
| Land & buildings | € 15,832,630 | € 13,057,316 | € 12,352,016 | € 11,111,115 | ▼ 10% |
| Retained profit | € 7,979,687 | € 7,305,424 | € 6,312,160 | € 6,165,411 | ▼ 2% |
| Bank debt | € 7,201,445 | € 6,733,110 | € 5,933,590 | € 5,121,849 | ▼ 14% |
| Balance sheet total | € 24,735,171 | € 23,768,412 | € 22,505,267 | € 21,044,282 | ▼ 6% |
Key figures of GRAGER, 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 GRAGER?
What happened at GRAGER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PASCAL GERKEN stepped down as director. NBB
- FREDERIC GERKEN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 146,749. Source: NBB ↗
- PASCAL GERKEN became a director. NBB
- FREDERIC GERKEN became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.2 million loss in 2022 to € 146,749 loss in 2025.
Paid € 83,625 in corporate taxes since 2022.
A new publication or filing at GRAGER? 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
Directors
According to the 2025 annual accounts
since 2023 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
de Meeussquare 22A box 21
1050 Elsene
Bijenlaan 17
1050 Elsene
Active since 21 November 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0448.972.220
- VAT number
- BE 0448.972.220
- Registered office
- de Meeussquare 22A bus 21, 1050 Elsene
- Names & denominations
- GRAGER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 1992
- Peppol
- Active · Active since 24 Mar 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur van niet-residentiële gebouwen
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