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 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GRIZZLY BEAR from Vorst, company number BE0743647332, closed financial year 2025 with a result of € 55,286 after tax. For that financial year GRIZZLY BEAR recorded a gross margin of € 78,892 and equity of € 72,615. Compared with financial year 2024, the result moved from € 8,528 to € 55,286. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 72,615
▲ 198% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 55,286
▲ € 46,757 vs 2024
Profit after tax over the fiscal year.
€ 32,083
▲ 282% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 7,000 paid out
13 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 2,897
▲ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 7,580
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 23,958
▲ 197% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -10,253 | € 18,395 | € 15,682 | € 78,892 | ▲ € 63,210 |
| Profit after taxes | € -12,021 | € 11,204 | € 8,528 | € 55,286 | ▲ € 46,757 |
| Equity | € 4,596 | € 15,801 | € 24,329 | € 72,615 | ▲ 198% |
| Total debts | € 18,948 | € 15,036 | € 413,563 | € 445,741 | ▲ 8% |
| Cash | € 2,873 | € 1,200 | € 8,395 | € 32,083 | ▲ 282% |
| Retained profit | € 1,096 | € 12,301 | € 20,829 | € 69,115 | ▲ 232% |
| Dividend | € 0 | € 0 | € 0 | € 7,000 | |
| Balance sheet total | € 23,544 | € 30,837 | € 437,892 | € 518,356 | ▲ 18% |
Key figures of GRIZZLY BEAR, 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 GRIZZLY BEAR?
What happened at GRIZZLY BEAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 55,286 (▲ € 46,757 vs 2024). Source: NBB ↗
- New establishment in Schaarbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,021 loss in 2022 to € 55,286 profit in 2025.
Paid € 24,909 in corporate taxes since 2022.
Best year ever: 2025, with € 55,286 profit.
Paid out € 7,000 in dividends to the owners in total.
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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 GRIZZLY BEAR is Fabien Tielemans. It owns 33% of PAF ! itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Brugmannlaan 120
1190 Vorst
Emile Zolalaan 62
1030 Schaarbeek
Active since 13 February 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0743.647.332
- VAT number
- BE 0743.647.332
- Registered office
- Brugmannlaan 120, 1190 Vorst
- Names & denominations
- GRIZZLY BEAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 February 2020
- Peppol
- Active · Active since 7 Dec 2025
- Activities · NACE
Grafisch ontwerp en visuele communicatie
Activiteiten van grafische designers