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 11.3 to 2.5.
-
Busy address KBO
27 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
GREISCH - COORDINATION & ETUDES from Liège, company number BE0480229776, closed financial year 2025 with a result of € 1.6 million after tax. For that financial year GREISCH - COORDINATION & ETUDES recorded revenue of € 557,786 and equity of € 11.3 million. Compared with financial year 2024, the result moved from € 1.6 million to € 1.6 million. 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 July 15, 2026.
€ 11.3 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▼ 1% vs 2024
Profit after tax over the fiscal year.
€ 3.1 million
▲ 163% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 832,433 paid out
53 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
2.5
▼ 8.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 286,540
▼ 75% vs 2024
€ 114,600 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.
€ 43,521
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.5 million
▼ 6% vs 2024
€ 207,829 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 315,733
▲ € 244,698 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 54 days on average.
€ 66,174
▼ 62% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,476,684 | € 1,512,876 | € 1,570,776 | € 557,786 | ▼ 64% |
| Profit after taxes | € 1,135,105 | € 2,622,825 | € 1,582,518 | € 1,569,082 | ▼ 1% |
| Equity | € 7,738,159 | € 9,642,565 | € 10,367,810 | € 11,267,380 | ▲ 9% |
| Total debts | € 6,862,605 | € 6,244,926 | € 6,250,489 | € 5,981,268 | ▼ 4% |
| Cash | € 981,025 | € 987,953 | € 1,183,948 | € 3,118,834 | ▲ 163% |
| Retained profit | € 6,196,132 | € 8,097,948 | € 8,644,373 | € 9,379,107 | ▲ 8% |
| Dividend | € 1,716,035 | € 721,008 | € 1,036,094 | € 832,433 | ▼ 20% |
| Bank debt | € 3,385,636 | € 3,593,190 | € 3,756,063 | € 3,525,333 | ▼ 6% |
| Balance sheet total | € 14,600,764 | € 15,887,491 | € 16,618,300 | € 17,248,648 | ▲ 4% |
| Employees (FTE) | 10.3 | 11.3 | 10.6 | 2.5 | ▼ 8.1 |
Key figures of GREISCH - COORDINATION & ETUDES, fiscal years 2022 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 GREISCH - COORDINATION & ETUDES?
What happened at GREISCH - COORDINATION & ETUDES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- StructurAL stepped down as director. NBB
- dLUC stepped down as director. NBB
- Bureau d'architecte Cernes stepped down as director. NBB
- I.Co.S stepped down as director. NBB
- WISE S stepped down as director. NBB
- AVEC stepped down as director. NBB
- JYDi stepped down as director. NBB
- PHIC stepped down as director. NBB
In short
From € 1.1 million profit in 2022 to € 1.6 million profit in 2025.
Paid € 35,259 in corporate taxes since 2022.
Best year ever: 2023, with € 2.6 million profit.
Paid out € 4.3 million in dividends to the owners in total.
Management
The shares are held by GREISCH ASSOCIES (42.1%) and GREISCH PARTICIPATIONS (13.9%). It owns 100% of NEO & IDES, 100% of Bureau Greisch Luxembourg, 90% of BGROUP GREISCH, 90% of GREISCH INGENERIE, 90% of Bureau d'Etudes GREISCH and 25% of CANEVAS itself.
Directors
According to the 2025 annual accounts
since 2020 · until 2026
Director · represented by Stéphane MARVILLE
since 2020 · until 2026
since 2025 · until 2031
since 2020 · until 2026
since 2020 · until 2026
since 2020 · until 2026
Director · represented by Jean-Yves DEL FORNO
Also active at: BUREAU DE CONTROLE TECHNIQUE POUR LA CONSTRUCTION, BGROUP GREISCH, GREISCH INGENIERIE, G PAR
since 2020 · until 2026
since 2020 · until 2026
Shareholders
42.1%
13.9%
Participations
100%
Bureau Greisch Luxembourg
100%
90%
25%
Establishments
Establishment units
Physical locations of this company
Allée des Noisetiers 25
4031 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 27 companies are registered at this address.
All companies at this address →BUREAU D'ETUDES GREISCH same network
€ 17.2 million revenue · 2025
GREISCH INGENIERIE same network
€ 18.6 million revenue · 2025
GROUPE GREISCH
SM GREISCH-EGIS AVIA
SM GREISCH - TRANSITEC
+22 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0480.229.776
- VAT number
- BE 0480.229.776
- Registered office
- Allée des Noisetiers 25, 4031 Liège
- Names & denominations
- GREISCH - COORDINATION & ETUDES · GCE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 May 2003
- Peppol
- Active · Active since 4 Dec 2025
- Contact
- [email protected]
- Activities · NACE
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