What does GRIZZLY do?

GRIZZLY is a shop in Wortegem-Petegem. Private Limited, started on 29 October 2002, 1 establishment.

What is the address of GRIZZLY?

The registered office of GRIZZLY is located at Heerbaan (M.-P.) 3, 9790 Wortegem-Petegem.

Is GRIZZLY still active?

Yes. According to the CBE (30 October 2026) GRIZZLY is active, legal situation “Normale toestand”, started on 29 October 2002.

Is GRIZZLY registered on Peppol?

Yes, GRIZZLY is registered on the Peppol network with ID 0208:0478681835.

What is the enterprise number of GRIZZLY?

The enterprise number of GRIZZLY is BE0478681835.

When was GRIZZLY founded?

GRIZZLY was founded on 29 October 2002.

Who are the directors of GRIZZLY?

According to the 2025 annual accounts, the directors of GRIZZLY are: André Charles Justin, Augusta Maria Regine.

Is GRIZZLY a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 October 2002; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did GRIZZLY make in 2025?

GRIZZLY recorded a loss after taxes of € 14,640 in financial year 2025.

What is the revenue of GRIZZLY?

As a small company, GRIZZLY is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 44,741.

How much does an employee at GRIZZLY earn?

The average wage cost per full-time employee at GRIZZLY was € 43,000 in 2022: staff costs of € 68,788 for 1.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

GRIZZLY (Private Limited) - Wortegem-Petegem

Dossier GRIZZLY, printed on 30 October 2026 from databakkes.be/en/0478681835/grizzly. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 4 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.

Financials

Financial year 2025

GRIZZLY from Wortegem-Petegem, company number BE0478681835, closed financial year 2025 with a result of € -14,640 after tax. For that financial year GRIZZLY recorded a gross margin of € 44,741 and equity of € -272,891. Compared with financial year 2024, the result moved from € -67,177 to € -14,640. 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 June 9, 2026.

What it is worth Caution

€ -272,891

▼ € 12,640 vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -14,640

▲ 78 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2,328

▼ 55% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -294,891.

People and assets in 2025

Wage cost

€ 1,370

▲ 65% vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 33,243

▲ 117% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 9 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 892,930

▲ 4% vs 2024

€ 86,959 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.

Owed to suppliers

€ 115,628

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 60,974

▲ 173% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 179,636 Gross margin 2022: € 179,636 First fiscal year in the series	€ 134,983 Gross margin 2023: € 134,983 ▼ 25% vs 2022 (€ 179,636) Unfavourable step	€ -21,710 Gross margin 2024: € -21,710 ▼ € 156,693 vs 2023 (€ 134,983) Unfavourable step	€ 44,741 Gross margin 2025: € 44,741 ▲ € 66,451 vs 2024 (€ -21,710) Favourable step	▲ € 66,451
Profit after taxes	€ 9,549 Profit after taxes 2022: € 9,549 First fiscal year in the series	€ 18,324 Profit after taxes 2023: € 18,324 ▲ 92% vs 2022 (€ 9,549) Favourable step	€ -67,177 Profit after taxes 2024: € -67,177 ▼ € 85,501 vs 2023 (€ 18,324) Unfavourable step	€ -14,640 Profit after taxes 2025: € -14,640 ▲ € 52,537 vs 2024 (€ -67,177) Favourable step	▲ € 52,537
Equity	€ -247,782 Equity 2022: € -247,782 First fiscal year in the series	€ -229,458 Equity 2023: € -229,458 ▲ € 18,324 vs 2022 (€ -247,782) Favourable step	€ -260,250 Equity 2024: € -260,250 ▼ € 30,792 vs 2023 (€ -229,458) Unfavourable step	€ -272,891 Equity 2025: € -272,891 ▼ € 12,640 vs 2024 (€ -260,250) Unfavourable step	▼ € 12,640
Total debts	€ 1,137,091 Total debts 2022: € 1,137,091 First fiscal year in the series	€ 1,141,874 Total debts 2023: € 1,141,874 Unchanged (€ 1,137,091) Unfavourable step	€ 1,041,049 Total debts 2024: € 1,041,049 ▼ 9% vs 2023 (€ 1,141,874) Favourable step	€ 1,161,944 Total debts 2025: € 1,161,944 ▲ 12% vs 2024 (€ 1,041,049) Unfavourable step	▲ 12%
Cash	€ 280 Cash 2022: € 280 First fiscal year in the series	€ 5,827 Cash 2023: € 5,827 ▲ € 5,547 vs 2022 (€ 280) Favourable step	€ 5,218 Cash 2024: € 5,218 ▼ 10% vs 2023 (€ 5,827) Unfavourable step	€ 2,328 Cash 2025: € 2,328 ▼ 55% vs 2024 (€ 5,218) Unfavourable step	▼ 55%
Land & buildings	€ 303,992 Land & buildings 2022: € 303,992 First fiscal year in the series	€ 288,747 Land & buildings 2023: € 288,747 ▼ 5% vs 2022 (€ 303,992) Unchanged	€ 284,026 Land & buildings 2024: € 284,026 ▼ 2% vs 2023 (€ 288,747) Unchanged	€ 263,358 Land & buildings 2025: € 263,358 ▼ 7% vs 2024 (€ 284,026) Unchanged	▼ 7%
Retained profit	€ -267,782 Retained profit 2022: € -267,782 First fiscal year in the series	€ -249,458 Retained profit 2023: € -249,458 ▲ € 18,324 vs 2022 (€ -267,782) Favourable step	€ -280,250 Retained profit 2024: € -280,250 ▼ € 30,792 vs 2023 (€ -249,458) Unfavourable step	€ -294,891 Retained profit 2025: € -294,891 ▼ € 14,640 vs 2024 (€ -280,250) Unfavourable step	▼ € 14,640
Bank debt	€ 833,741 Bank debt 2022: € 833,741 First fiscal year in the series	€ 901,882 Bank debt 2023: € 901,882 ▲ 8% vs 2022 (€ 833,741) Unfavourable step	€ 856,395 Bank debt 2024: € 856,395 ▼ 5% vs 2023 (€ 901,882) Favourable step	€ 892,930 Bank debt 2025: € 892,930 ▲ 4% vs 2024 (€ 856,395) Unfavourable step	▲ 4%
Balance sheet total	€ 889,309 Balance sheet total 2022: € 889,309 First fiscal year in the series	€ 912,416 Balance sheet total 2023: € 912,416 ▲ 3% vs 2022 (€ 889,309) Unchanged	€ 780,799 Balance sheet total 2024: € 780,799 ▼ 14% vs 2023 (€ 912,416) Unchanged	€ 889,053 Balance sheet total 2025: € 889,053 ▲ 14% vs 2024 (€ 780,799) Unchanged	▲ 14%
Employees (FTE)	1.6 Employees (FTE) 2022: 1.6 First fiscal year in the series	-	-	-

Key figures of GRIZZLY, 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 April 2027.

What happened to GRIZZLY?

What happened at GRIZZLY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 9, 2026 New annual accounts for financial year 2025: loss of € 14,640. filed late Source: NBB ↗
2024 André Charles Justin became a director. NBB
2024 Augusta Maria Regine became a director. NBB
Dec 4, 2002 New establishment in Wortegem-Petegem. KBO
Oct 29, 2002 Start of the company according to the CBE. KBO

In short

From € 9,549 profit in 2022 to € 14,640 loss in 2025.

Paid € 119 in corporate taxes since 2022.

Best year ever: 2023, with € 18,324 profit.

On average € 112,300 of value added per employee in 2022.

Original PDFs at the National Bank ↗

Management

André Charles Justin Augusta Maria Regine

GRIZZLY

Behind GRIZZLY are André Charles Justin and Augusta Maria Regine.

Directors

According to the 2025 annual accounts

André Charles Justin

Director

since 2024

Augusta Maria Regine

Director

since 2024

Establishments

Establishment units

Physical locations of this company

Registered office

Heerbaan (M.-P.) 3

9790 Wortegem-Petegem

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0478.681.835

VAT number

BE 0478.681.835

Registered office

Heerbaan (M.-P.) 3, 9790 Wortegem-Petegem

Names & denominations

GRIZZLY

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

29 October 2002

Peppol

Active · Active since 9 Sept 2026

Activities · NACE

Detailhandel in verlichtingsartikelen

Detailhandel in artikelen voor verlichting en woninginrichting

Detailhandel in verlichtingsartikelen in gespecialiseerde winkels

Beoefening van uitvoerende kunsten door zelfstandig werkende artiesten

Algemene elektrotechnische installatiewerken

Vervaardiging van optische instrumenten, magnetische en optische dragers en fotografische apparatuur

Zelfstandig werkende kunstenaars en artiesten

Vervaardiging van magnetische en optische media

View on CBE Public ↗ Annual accounts (NBB) ↗

GRIZZLY

Warning lights

Financials

What happened to GRIZZLY?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions