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 35 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GR Elec' from Namur, company number BE0769811893, closed financial year 2025 with a result of € 30,600 after tax. For that financial year GR Elec' recorded a gross margin of € 465,803 and equity of € 110,182. Compared with financial year 2024, the result moved from € 22,711 to € 30,600. 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 August 31, 2026.
€ 110,182
▲ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30,600
▲ 35% vs 2024
Profit after tax over the fiscal year.
€ 2,069
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 105,182.
People and assets in 2025
6.6
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 342,287
€ 51,900 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.
€ 4,033
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 704,964
▼ 14% vs 2024
€ 52,775 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 34,664
▲ 134% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 41,050
▼ 38% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 378,653 | € 287,291 | € 470,151 | € 465,803 | ▼ 1% |
| Profit after taxes | € 67,678 | € -49,439 | € 22,711 | € 30,600 | ▲ 35% |
| Equity | € 106,310 | € 56,871 | € 79,582 | € 110,182 | ▲ 38% |
| Total debts | € 192,240 | € 1,054,333 | € 1,071,341 | € 920,966 | ▼ 14% |
| Cash | € 140,040 | € 53,616 | - | € 2,069 | |
| Land & buildings | - | € 781,799 | € 747,370 | € 714,588 | ▼ 4% |
| Retained profit | € 101,310 | € 51,871 | € 74,582 | € 105,182 | ▲ 41% |
| Bank debt | € 0 | € 809,934 | € 823,262 | € 704,964 | ▼ 14% |
| Balance sheet total | € 298,550 | € 1,111,204 | € 1,150,923 | € 1,031,148 | ▼ 10% |
| Employees (FTE) | - | 5.8 | 6.5 | 6.6 | ▲ 0.1 |
Key figures of GR Elec', 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 GR Elec'?
What happened at GR Elec' in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 30,600 (▲ 35% vs 2024). filed late Source: NBB ↗
- New establishment in Namur. KBO
- Start of the company according to the CBE. KBO
In short
From € 67,678 profit in 2022 to € 30,600 profit in 2025.
Paid € 29,209 in corporate taxes since 2022.
Best year ever: 2022, with € 67,678 profit.
On average € 70,600 of value added per employee in 2025.
A new publication or filing at GR Elec'? We notify you, reason included.
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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
Establishments
Establishment units
Physical locations of this company
Rue Gabriel de Moriamé(ML) 5
5020 Namur
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0769.811.893
- VAT number
- BE 0769.811.893
- Registered office
- Rue Gabriel de Moriamé(ML) 5, 5020 Namur
- Names & denominations
- GR Elec'
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 June 2021
- Peppol
- Active · Active since 18 Nov 2025
- Activities · NACE
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