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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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GRAPPOLO from Torhout, company number BE0505777103, closed financial year 2025 with a result of € 7,489 after tax. For that financial year GRAPPOLO recorded a gross margin of € 17,192 and equity of € 37,388. Compared with financial year 2024, the result moved from € 506 to € 7,489. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ 37,388
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,489
▲ € 6,983 vs 2024
Profit after tax over the fiscal year.
€ 1,351
▼ 79% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 6,901 paid out
92 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 5,908
Loans from banks and other lenders, long and short.
€ 6,270
▲ € 4,863 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,085
▲ 11% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 12,132 | € 9,061 | € 8,611 | € 17,192 | ▲ 100% |
| Profit after taxes | € 2,523 | € 654 | € 506 | € 7,489 | ▲ € 6,983 |
| Equity | € 52,960 | € 46,055 | € 36,799 | € 37,388 | ▲ 2% |
| Total debts | € 71,761 | € 72,077 | € 70,061 | € 77,533 | ▲ 11% |
| Cash | € 15,954 | € 4,688 | € 6,395 | € 1,351 | ▼ 79% |
| Retained profit | € 34,360 | € 27,455 | € 18,199 | € 18,788 | ▲ 3% |
| Dividend | € 7,257 | € 7,559 | € 9,762 | € 6,901 | ▼ 29% |
| Bank debt | € 19,385 | € 3,582 | € 0 | € 5,908 | |
| Balance sheet total | € 124,721 | € 118,132 | € 106,861 | € 114,921 | ▲ 8% |
Key figures of GRAPPOLO, 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 GRAPPOLO?
What happened at GRAPPOLO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 7,489 (▲ € 6,983 vs 2024). filed late Source: NBB ↗
- New establishment in Torhout. KBO
- Johan Demuenynck became a director. NBB
- Peter Vanhee became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 2,523 profit in 2022 to € 7,489 profit in 2025.
Paid € 7,713 in corporate taxes since 2022.
Best year ever: 2025, with € 7,489 profit.
Paid out € 31,479 in dividends to the owners in total.
Management
Behind GRAPPOLO are Johan Demuenynck and Peter Vanhee. Johan Demuenynck is also behind TANDARTSPRAKTIJK DEMUENYNCK JOHAN. Peter Vanhee is also behind WAEYAERT and WESTSOFT.
Directors
According to the 2025 annual accounts
since 2014
Establishments
Establishment units
Physical locations of this company
Alberic Deleustraat 15
8820 Torhout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0505.777.103
- VAT number
- BE 0505.777.103
- Registered office
- Alberic Deleustraat 15, 8820 Torhout
- Names & denominations
- GRAPPOLO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 November 2014
- Peppol
- Active · Active since 13 Jun 2025
- Activities · NACE
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