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 36 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GRANIGO from Lummen, company number BE0452204595, closed financial year 2025 with a result of € 11,203 after tax. For that financial year GRANIGO recorded a gross margin of € 1.3 million and equity of € 194,341. Compared with financial year 2024, the result moved from € -44,994 to € 11,203. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 194,341
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11,203
▲ still € 44,994 loss in 2024
Profit after tax over the fiscal year.
€ 69,392
▲ 59% 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 € 101,381.
People and assets in 2025
12.1
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 909,995
▲ 1% vs 2024
€ 75,200 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.
€ 124,410
▲ 155% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.2 million
▼ 2% vs 2024
€ 184,668 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 309,078
▼ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 127,693
▲ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 941,389 | € 1,213,975 | € 1,210,566 | € 1,287,602 | ▲ 6% |
| Profit after taxes | € 21,597 | € 22,838 | € -44,994 | € 11,203 | ▲ € 56,197 |
| Equity | € 205,294 | € 228,132 | € 183,138 | € 194,341 | ▲ 6% |
| Total debts | € 2,312,102 | € 2,894,501 | € 3,035,889 | € 2,789,200 | ▼ 8% |
| Cash | € 239,376 | € 180,401 | € 43,758 | € 69,392 | ▲ 59% |
| Land & buildings | € 1,096,677 | € 1,166,788 | € 1,217,636 | € 1,150,063 | ▼ 6% |
| Retained profit | € 112,334 | € 135,172 | € 90,178 | € 101,381 | ▲ 12% |
| Bank debt | € 1,679,656 | € 2,113,439 | € 2,244,094 | € 2,194,929 | ▼ 2% |
| Balance sheet total | € 2,517,396 | € 3,122,633 | € 3,219,027 | € 2,983,541 | ▼ 7% |
| Employees (FTE) | 12.5 | 12.5 | 12.4 | 12.1 | ▼ 0.3 |
Key figures of GRANIGO, 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 GRANIGO?
What happened at GRANIGO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 11,203. Source: NBB ↗
- New establishment in Lummen. KBO
- Start of the company according to the CBE. KBO
In short
From € 21,597 profit in 2022 to € 11,203 profit in 2025.
Paid € 4,566 in corporate taxes since 2022.
Best year ever: 2023, with € 22,838 profit.
On average € 106,400 of value added per employee in 2025.
Management
The stake of GRANINVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GRANIGOBehind GRANIGO is Graninvest NV. The shares are held by GRANINVEST (99.7%).
Directors
According to the 2025 annual accounts
Director · represented by Gunter HERMANS
Shareholders
99.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Schippersstraat 7A
3560 Lummen
Schippersstraat 7 A
3560 Lummen
Active since 31 March 1994
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0452.204.595
- VAT number
- BE 0452.204.595
- Registered office
- Schippersstraat 7A, 3560 Lummen
- Names & denominations
- GRANIGO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 March 1994
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
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