Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 31.6 to 19.1.
Financials
Financial year 2025
GRAMMER Electronics from Aartselaar, company number BE0473141551, closed financial year 2025 with a result of € 315,579 after tax. For that financial year GRAMMER Electronics recorded revenue of € 8.2 million and equity of € 3.5 million. Compared with financial year 2024, the result moved from € 633,884 to € 315,579. The company is profitable. 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 June 23, 2026.
€ 3.5 million
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 315,579
▼ 50% vs 2024
Profit after tax over the fiscal year.
€ 314,385
▲ 19% 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 € -588,877.
People and assets in 2025
19.1
▼ 6.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2 million
▼ 19% vs 2024
€ 102,100 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.
€ 2,023
▼ 73% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 200,000
▼ 76% vs 2024
Loans from banks and other lenders, long and short.
€ 1.7 million
▲ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 100 days on average.
€ 157,554
▼ 56% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 17,261,149 | € 15,849,893 | € 8,630,697 | € 8,231,990 | ▼ 5% |
| Profit after taxes | € -1,077,338 | € 1,438,719 | € 633,884 | € 315,579 | ▼ 50% |
| Equity | € 1,438,792 | € 2,563,660 | € 3,197,544 | € 3,513,123 | ▲ 10% |
| Total debts | € 9,184,268 | € 4,431,567 | € 2,309,734 | € 2,192,495 | ▼ 5% |
| Cash | € 811,146 | € 954,714 | € 263,574 | € 314,385 | ▲ 19% |
| Retained profit | € -2,663,208 | € -1,538,340 | € -904,456 | € -588,877 | ▲ € 315,579 |
| Bank debt | € 1,800,000 | € 1,000,000 | € 850,000 | € 200,000 | ▼ 76% |
| Balance sheet total | € 10,814,407 | € 7,015,227 | € 5,517,278 | € 5,715,618 | ▲ 4% |
| Employees (FTE) | 51.6 | 31.6 | 25.9 | 19.1 | ▼ 6.8 |
Key figures of GRAMMER Electronics, fiscal years 2021 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 GRAMMER Electronics?
What happened at GRAMMER Electronics in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kambiz Karimloo stepped down as director. NBB
- Marc Gerull stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 315,579 (▼ 50% vs 2024). Source: NBB ↗
- Marc Gerull became a director. NBB
- Holger Leyh stepped down as director. NBB
- Kambiz Karimloo became a director. NBB
- Bernard Spinnox stepped down as director. NBB
- Holger Leyh became a director. NBB
In short
From € 1.1 million loss in 2021 to € 315,579 profit in 2025.
Paid € 43,224 in corporate taxes since 2021.
Best year ever: 2023, with € 1.4 million profit.
Pays suppliers within 100 days on average.
Management
The shares are held by Grammer AG (99.8%) and Grammer Deutschland GMBH (0.2%).
Directors
According to the 2025 annual accounts
Kambiz Karimloo
Director
since 2025 · until 2029
Marc Gerull
Director
since 2025 · until 2029
Bernard Spinnox
Director
since 2018 · until 2025
Holger Leyh
Director
since 2024 · until 2025
Shareholders
Grammer AG
99.8%
Grammer Deutschland GMBH
0.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vluchtenburgstraat 3
2630 Aartselaar
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
IONOS-AS This is the joint network for IONOS, Fasthosts, Arsys, 1&1 Mail and Media and 1&1 Telecom. Formerly known as 1&1 Internet SE., DE
Domain
Domain
grammer.com
Registered
1996-06-07
Registrar
InterNetX GmbH
Expires
2026-06-06
Website info
Features
Security
Details
- Company number
- 0473.141.551
- VAT number
- BE 0473.141.551
- Registered office
- Vluchtenburgstraat 3, 2630 Aartselaar
- Names & denominations
- GRAMMER Electronics
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 October 2000
- Peppol
- Active · Active since 22 Oct 2025
- Contact
- grammer.com +49 9621 66-0
- Activities · NACE
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