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 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GRAMMET from Haacht, company number BE0449190172, closed financial year 2025 with a result of € 518,141 after tax. For that financial year GRAMMET recorded a gross margin of € 2.4 million and equity of € 2.1 million. Compared with financial year 2023, the result moved from € 531,338 to € 518,141. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 2.1 million
▲ 34% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 518,141
▼ 2% vs 2023
Profit after tax over the fiscal year.
€ 12,261
▼ 92% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2 million.
People and assets in 2025
10.1
▲ 3.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 162% vs 2023
€ 104,100 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.
€ 3 million
▲ € 2.9 million vs 2023
Of which on lease € 2.6 million.
Debts at end 2025
€ 2.8 million
▲ € 2.6 million vs 2023
€ 979,341 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 3.5 million
▲ 234% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 178,021
▼ 50% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 553,592 | € 1,370,760 | € 1,305,218 | € 2,374,196 | ▲ 82% |
| Profit after taxes | € 219,391 | € 835,009 | € 531,338 | € 518,141 | ▼ 2% |
| Equity | € 475,880 | € 1,010,888 | € 1,542,226 | € 2,060,367 | ▲ 34% |
| Total debts | € 1,076,378 | € 2,438,598 | € 1,618,996 | € 6,446,565 | ▲ 298% |
| Cash | € 4,026 | € 7,050 | € 156,922 | € 12,261 | ▼ 92% |
| Retained profit | € 413,880 | € 948,888 | € 1,480,226 | € 1,998,367 | ▲ 35% |
| Dividend | € 300,000 | € 300,000 | € 0 | € 0 | |
| Bank debt | € 53,998 | € 122,052 | € 217,911 | € 2,789,892 | ▲ € 2.6 million |
| Balance sheet total | € 1,552,257 | € 3,449,486 | € 3,161,223 | € 8,506,932 | ▲ 169% |
| Employees (FTE) | 3 | 3.7 | 6.9 | 10.1 | ▲ 3.2 |
Key figures of GRAMMET, fiscal years 2021 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 GRAMMET?
What happened at GRAMMET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 518,141 (▼ 2% vs 2023). Source: NBB ↗
- New establishment in Haacht. KBO
- New establishment in Leuven. KBO
- New establishment in Lubbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 219,391 profit in 2021 to € 518,141 profit in 2025.
Paid € 768,607 in corporate taxes since 2021.
Best year ever: 2022, with € 835,009 profit.
On average € 235,100 of value added per employee in 2025.
Management
Behind GRAMMET is Guy GRAMMET. Guy GRAMMET is also behind V.G. BRUSSELS RECYCLING.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Kapelleweg(TIL) 6
3150 Haacht
Ambachtenstraat(LUB) 8
3210 Lubbeek
Active since 15 March 1993
Willem de Croylaan 38
3001 Leuven
Active since 25 June 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0449.190.172
- VAT number
- BE 0449.190.172
- Registered office
- Kapelleweg(TIL) 6, 3150 Haacht
- Names & denominations
- GRAMMET
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 January 1993
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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