Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
GGR from Brussel, company number BE0808233395, closed financial year 2024 with a result of € -598,122 after tax. For that financial year GGR recorded revenue of € 31.7 million and equity of € 3.3 million. Compared with financial year 2023, the result moved from € -383,278 to € -598,122. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 9, 2025.
€ 3.3 million
▼ 15% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -598,122
▼ 56 % more loss than in 2023
Profit after tax over the fiscal year.
€ 33,552
▼ 99% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.3 million.
People and assets in 2024
13.7
▲ 2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 929,280
▲ 28% vs 2023
€ 67,800 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.
€ 2.4 million
▼ 14% vs 2023
Of which on lease € 2.3 million.
Debts at end 2024
€ 12.2 million
▼ 29% vs 2023
€ 1.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 3.5 million
▲ 172% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 42 days on average.
€ 136,022
▲ 83% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 29,756,829 | € 31,665,669 | ▲ 6% |
| Gross margin | € 2,047,437 | € 3,326,033 | - | - | |
| Profit after taxes | € 1,180,068 | € 1,838,735 | € -383,278 | € -598,122 | ▼ € 214,844 |
| Equity | € 1,784,339 | € 3,353,074 | € 3,869,796 | € 3,271,673 | ▼ 15% |
| Total debts | € 5,139,127 | € 9,135,361 | € 18,593,231 | € 16,494,423 | ▼ 11% |
| Cash | € 2,802,444 | € 2,052,863 | € 2,475,627 | € 33,552 | ▼ 99% |
| Land & buildings | - | € 2,526,258 | € 5,410,921 | € 5,127,605 | ▼ 5% |
| Retained profit | € 1,684,339 | € 3,253,074 | € 2,869,796 | € 2,271,673 | ▼ 21% |
| Dividend | € 0 | € 270,000 | € 0 | € 0 | |
| Bank debt | € 1,553,796 | € 5,287,329 | € 17,213,715 | € 12,235,426 | ▼ 29% |
| Balance sheet total | € 7,098,466 | € 12,663,435 | € 22,463,026 | € 19,766,096 | ▼ 12% |
| Employees (FTE) | 7.5 | 10.2 | 11.7 | 13.7 | ▲ 2 |
Key figures of GGR, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to GGR?
What happened at GGR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 598,122. filed late Source: NBB ↗
- New establishment in Brussel. KBO
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.2 million profit in 2021 to € 598,122 loss in 2024.
Paid € 367,496 in corporate taxes since 2021.
Best year ever: 2022, with € 1.8 million profit.
On average € 326,100 of value added per employee in 2022.
A new publication or filing at GGR? 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
Management
The stake of AFAR INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GGRBehind GGR is AFAR INVEST SRL. The shares are held by AFAR INVEST (100%). It owns 100% of GGR TRANSPORT itself.
Directors
According to the 2024 annual accounts
Associate · represented by Guillaume GROSJEAN
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Vilvoordselaan 312
1130 Brussel
Vilvoordselaan 312 box 312
1130 Brussel
Active since 1 January 2009
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0808.233.395
- VAT number
- BE 0808.233.395
- Registered office
- Vilvoordselaan 312, 1130 Brussel
- Names & denominations
- GGR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 December 2008
- Peppol
- Active · Active since 8 Sept 2026
- Activities · NACE
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