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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Shrinking team NBB
FTE fell two years in a row, from 2.9 to 2.1.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Granit Europe from Gent, company number BE0821074613, closed financial year 2025 with a result of € 999,642 after tax. For that financial year Granit Europe recorded revenue of € 1.2 million and equity of € 9.7 million. Compared with financial year 2024, the result moved from € 535,058 to € 999,642. 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 July 20, 2026.
€ 9.7 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 999,642
▲ 87% vs 2024
Profit after tax over the fiscal year.
€ 1.7 million
▼ 30% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 6.5 million.
People and assets in 2025
2.1
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 279,179
▲ 3% vs 2024
€ 132,900 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.
€ 35,452
▼ 31% vs 2024
Of which on lease € 26,499.
Debts at end 2025
€ 54.3 million
▲ 56% vs 2024
€ 9,716 is repaid this year. At this pace the long-term loan is gone in ≈ 5588 years.
€ 2.1 million
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1765 days on average.
€ 266,341
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,270,027 | € 1,004,677 | € 1,354,931 | € 1,192,717 | ▼ 12% |
| Profit after taxes | € 436,373 | € 2,250,191 | € 535,058 | € 999,642 | ▲ 87% |
| Equity | € 5,921,337 | € 8,171,528 | € 8,706,587 | € 9,706,228 | ▲ 11% |
| Total debts | € 36,640,825 | € 36,793,868 | € 49,477,822 | € 74,815,505 | ▲ 51% |
| Cash | € 928,291 | € 1,725,051 | € 2,415,679 | € 1,694,815 | ▼ 30% |
| Retained profit | € 2,721,337 | € 4,971,528 | € 5,506,587 | € 6,506,228 | ▲ 18% |
| Bank debt | € 1,999,327 | € 6,086,626 | € 34,782,836 | € 54,297,332 | ▲ 56% |
| Balance sheet total | € 42,562,162 | € 44,965,396 | € 58,184,409 | € 84,521,733 | ▲ 45% |
| Employees (FTE) | 2.7 | 2.9 | 2.4 | 2.1 | ▼ 0.3 |
Key figures of Granit Europe, 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 Granit Europe?
What happened at Granit Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Karolien De Brouwer stepped down as director. NBB
- Patrick Devers stepped down as director. NBB
- Ronnie Gross stepped down as director. NBB
- Etai Gross stepped down as director. NBB
- Harry Gross stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 999,642 (▲ 87% vs 2024). Source: NBB ↗
- Karolien De Brouwer became a director. NBB
- Patrick Devers became a director. NBB
In short
From € 436,373 profit in 2022 to € 999,642 profit in 2025.
Paid € 412,229 in corporate taxes since 2022.
Best year ever: 2023, with € 2.3 million profit.
Management
It owns 100% of Granit MRI, 100% of Koepoortkaai, 100% of Granit Akkerhage, 100% of Granit Hotel Management, 100% of Granit CY Ghent and 99.6% of ETS ED Block itself.
Directors
According to the 2025 annual accounts
Karolien De Brouwer
Director
Also active at: GRANIT HOTEL MANAGEMENT, GRANIT PROMOTIONS, Granit Development, GRANIT AKKERHAGE, GRANIT EVENT CENTER, GRANIT CY GHENT
since 2025 · until 2031
since 2025 · until 2031
Ronnie Gross
Director
Also active at: ETABLISSEMENTS ED. BLOCK, KOEPOORTKAAI, GRANIT HOTEL MANAGEMENT, GRANIT MRI, GRANIT AKKERHAGE, GRANIT EVENT CENTER, GRANIT CY GHENT
since 2025 · until 2031
Etai Gross
Director
Also active at: ETABLISSEMENTS ED. BLOCK, GRANIT HOTEL MANAGEMENT, GRANIT MRI, GRANIT EVENT CENTER, GRANIT CY GHENT
since 2025 · until 2031
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Industriepark-Drongen 14 box 111
9031 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →ETABLISSEMENTS ED. BLOCK same network
€ 1.8 million gross margin · 2025
KOEPOORTKAAI same network
€ 2.3 million gross margin · 2025
DURABLE BELGIUM
€ 637,790 gross margin · 2025
GRANIT HOTEL MANAGEMENT same network
€ 3.6 million gross margin · 2025
GRANIT PROMOTIONS same network
€ -450,496 gross margin · 2025
+9 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0821.074.613
- VAT number
- BE 0821.074.613
- Registered office
- Industriepark-Drongen 14 bus 111, 9031 Gent
- Names & denominations
- Granit Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 December 2009
- Peppol
- Active · Active since 18 Mar 2026
- Activities · NACE
Activiteiten van holdings
Holdings
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