Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Grelco from Merelbeke-Melle, company number BE0765858946, closed financial year 2025 with a result of € -63,205 after tax. For that financial year Grelco recorded a gross margin of € 814,776 and equity of € 1.9 million. Compared with financial year 2024, the result moved from € 48,714 to € -63,205. The company made a loss. 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 July 2, 2026.
€ 1.9 million
▲ € 1.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -63,205
▼ still € 48,714 profit in 2024
Profit after tax over the fiscal year.
€ 143,864
▲ 257% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -701,977.
Debts at end 2025
€ 11.2 million
▲ 24% vs 2024
€ 546,132 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 153,813
▲ 145% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 151,110 | € 212,616 | € 897,399 | € 814,776 | ▼ 9% |
| Profit after taxes | € -371,181 | € -330,219 | € 48,714 | € -63,205 | ▼ € 111,919 |
| Equity | € 66,819 | € -263,400 | € 224,314 | € 1,872,930 | ▲ € 1.6 million |
| Total debts | € 15,726,643 | € 19,428,127 | € 20,087,420 | € 23,092,170 | ▲ 15% |
| Cash | € 60,386 | € 73,330 | € 40,295 | € 143,864 | ▲ 257% |
| Land & buildings | € 14,437,853 | € 17,275,730 | € 18,815,699 | € 21,704,631 | ▲ 15% |
| Retained profit | € -371,181 | € -701,400 | € -650,169 | € -701,977 | ▼ € 51,808 |
| Bank debt | € 7,256,929 | € 9,175,667 | € 8,979,175 | € 11,170,733 | ▲ 24% |
| Balance sheet total | € 15,793,462 | € 19,164,727 | € 20,311,733 | € 24,965,100 | ▲ 23% |
Key figures of Grelco, 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 Grelco?
What happened at Grelco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 63,205 (▼ € 111,919 vs 2024). Source: NBB ↗
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
In short
From € 371,181 loss in 2022 to € 63,205 loss in 2025.
Best year ever: 2024, with € 48,714 profit.
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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 Grelco are Yves Van den Hende, David Van den Hende and Maxime Van den Hende. David Van den Hende is also behind DACOGE. Maxime Van den Hende is also behind ATLAS CARE.
Directors
According to the 2025 annual accounts
Yves Van den Hende
Director
Establishments
Establishment units
Physical locations of this company
Scheldeweg 60
9090 Merelbeke-Melle
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
- 0765.858.946
- VAT number
- BE 0765.858.946
- Registered office
- Scheldeweg 60, 9090 Merelbeke-Melle
- Names & denominations
- Grelco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 2021
- Peppol
- Active · Active since 5 Jan 2026