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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
A. GRANDIN S.A. from Clavier, company number BE0473433145, closed financial year 2026 with a result of € -16,651 after tax. For that financial year A. GRANDIN S.A. recorded a gross margin of € -74,347 and equity of € -152,764. Compared with financial year 2025, the result moved from € -67,771 to € -16,651. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ -152,764
▼ € 16,651 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,651
▲ 75 % less loss than in 2025
Profit after tax over the fiscal year.
€ 51,073
▼ 40% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -227,164.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 50,083 | € 75,675 | € 24,555 | € -74,347 | ▼ € 98,902 |
| Profit after taxes | € -176,413 | € -44,065 | € -67,771 | € -16,651 | ▲ € 51,120 |
| Equity | € -24,278 | € -68,342 | € -136,113 | € -152,764 | ▼ € 16,651 |
| Total debts | € 363,686 | € 288,917 | € 248,421 | € 204,407 | ▼ 18% |
| Cash | € 162,255 | € 109,193 | € 84,937 | € 51,073 | ▼ 40% |
| Retained profit | € -98,678 | € -142,742 | € -210,513 | € -227,164 | ▼ € 16,651 |
| Balance sheet total | € 339,408 | € 220,575 | € 112,308 | € 51,643 | ▼ 54% |
| Employees (FTE) | 4.1 | - | - | - |
Key figures of A. GRANDIN S.A., fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 25 January 2028.
What happened to A. GRANDIN S.A.?
What happened at A. GRANDIN S.A. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 16,651. Source: NBB ↗
- Armand Grandin stepped down as director. NBB
- Armand Grandin became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Clavier. KBO
In short
From € 176,413 loss in 2023 to € 16,651 loss in 2026.
Paid € 1,051 in corporate taxes since 2023.
On average € 12,200 of value added per employee in 2023.
Management
Directors
According to the 2026 annual accounts
Armand Grandin
Director
since 2023 · until 2026
Establishments
Establishment units
Physical locations of this company
Grand'rue (ROWE) 31
4560 Clavier
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0473.433.145
- VAT number
- BE 0473.433.145
- Registered office
- Grand'rue (ROWE) 31, 4560 Clavier
- Names & denominations
- A. GRANDIN S.A.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 December 2000
- Peppol
- Active · Active since 22 Dec 2025
- Contact
- [email protected] 086 34 41 66
- Activities · NACE
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Detailhandel in verlichtingsartikelen
Detailhandel in drogisterijartikelen en onderhoudsproducten
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Groothandel in elektrisch materiaal, inclusief installatiemateriaal
Groothandel in ijzerwaren
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