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 5.3 to 2.7.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2026.
Financials
Financial year 2026
GRINDWIN from Genk, company number BE0475838844, closed financial year 2026 with a result of € -6,708 after tax. For that financial year GRINDWIN recorded a gross margin of € 177,146 and equity of € 364,739. Compared with financial year 2025, the result moved from € 15,030 to € -6,708. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 22, 2026.
€ 364,739
▼ 2% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,708
▼ still € 15,030 profit in 2025
Profit after tax over the fiscal year.
€ 52,711
▲ 144% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 358,539.
People and assets in 2026
2.7
▼ 1.3 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 165,685
▼ 18% vs 2025
€ 61,400 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.
€ 4,464
▼ 89% vs 2025
Of which on lease € 921.
Debts at end 2026
€ 2,052
▼ 6% vs 2025
Loans from banks and other lenders, long and short.
€ 337,715
▲ € 315,524 vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 23,175
▼ 40% vs 2025
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 302,177 | € 260,536 | € 283,847 | € 177,146 | ▼ 38% |
| Profit after taxes | € -4,544 | € -55,096 | € 15,030 | € -6,708 | ▼ € 21,737 |
| Equity | € 411,513 | € 356,417 | € 371,447 | € 364,739 | ▼ 2% |
| Total debts | € 132,925 | € 124,281 | € 63,098 | € 362,942 | ▲ € 299,844 |
| Cash | € 83,465 | € 59,063 | € 21,616 | € 52,711 | ▲ 144% |
| Retained profit | € 405,313 | € 350,217 | € 365,247 | € 358,539 | ▼ 2% |
| Bank debt | € 2,064 | € 2,064 | € 2,182 | € 2,052 | ▼ 6% |
| Balance sheet total | € 544,438 | € 480,698 | € 434,545 | € 727,682 | ▲ 67% |
| Employees (FTE) | 5.3 | 5.3 | 4 | 2.7 | ▼ 1.3 |
Key figures of GRINDWIN, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to GRINDWIN?
What happened at GRINDWIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 6,708 (▼ € 21,737 vs 2025). Source: NBB ↗
- IVO SWENTERS became a director. NBB
- Erwin Seynaeve stepped down as director. NBB
- New establishment in Oudsbergen. KBO
- Start of the company according to the CBE. KBO
- Erwin Seynaeve became a director. NBB
In short
From € 4,544 loss in 2023 to € 6,708 loss in 2026.
Paid € 27,654 in corporate taxes since 2023.
Best year ever: 2025, with € 15,030 profit.
On average € 65,600 of value added per employee in 2026.
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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
Behind GRINDWIN is IVO SWENTERS. IVO SWENTERS is also behind SKELLET BENELUX, SKELLET, SKELLET CLIMATE and FINANCIAL YIELD SYSTEM.
Directors
According to the 2026 annual accounts
IVO SWENTERS
Director
Also active at: SKELLET BENELUX, SKELLET, SKELLET CLIMATE, FINANCIAL YIELD SYSTEM
since 2026
Erwin Seynaeve
Manager
since 2001 · until 2026
Establishments
Establishment units
Physical locations of this company
Kompellaan 11
3600 Genk
Rittenweg 1
3660 Oudsbergen
Active since 16 July 2002
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0475.838.844
- VAT number
- BE 0475.838.844
- Registered office
- Kompellaan 11, 3600 Genk
- Names & denominations
- GRINDWIN · Grinwin
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 October 2001
- Peppol
- Active · Active since 29 Dec 2025
- Contact
- [email protected] 0477324054
- Activities · NACE
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