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 57 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
31 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
GRELNANI FUND from Brussel, company number BE0849709706, closed financial year 2024 with a result of € 1,604 after tax. For that financial year GRELNANI FUND recorded a gross margin of € -17,874 and equity of € 4.1 million. Compared with financial year 2023, the result moved from € 170,783 to € 1,604. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 29, 2025.
€ 4.1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,604
▼ 99% vs 2023
Profit after tax over the fiscal year.
€ 74,320
▼ 14% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 2.1 million.
Debts at end 2024
€ 520,000
Loans from banks and other lenders, long and short.
€ 12,291
▲ 2% vs 2023
Supplier invoices still open on the last day of the fiscal year.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -7,444 | € -51,367 | € -28,510 | € -17,874 | ▲ € 10,637 |
| Profit after taxes | € -217,638 | € 22,358 | € 170,783 | € 1,604 | ▼ 99% |
| Equity | € 3,923,435 | € 3,945,794 | € 4,116,577 | € 4,118,181 | |
| Total debts | € 1,476,541 | € 1,363,521 | € 1,382,069 | € 1,378,240 | |
| Cash | € 130,502 | € 164,901 | € 86,020 | € 74,320 | ▼ 14% |
| Land & buildings | € 152 | € 152 | € 152 | € 152 | |
| Retained profit | € 1,923,435 | € 1,945,794 | € 2,116,577 | € 2,118,181 | |
| Bank debt | € 650,000 | € 500,000 | € 520,000 | € 520,000 | |
| Balance sheet total | € 5,399,976 | € 5,309,315 | € 5,498,646 | € 5,496,421 |
Key figures of GRELNANI FUND, 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 GRELNANI FUND?
What happened at GRELNANI FUND in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 1,604 (▼ 99% vs 2023). filed late Source: NBB ↗
- New establishment in Vorst. KBO
- Start of the company according to the CBE. KBO
In short
From € 217,638 loss in 2021 to € 1,604 profit in 2024.
Best year ever: 2023, with € 170,783 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 GRELNANI FUND is MICHEL DAVOUDIAN.
Directors
According to the 2024 annual accounts
MICHEL DAVOUDIAN
Director
Establishments
Establishment units
Physical locations of this company
de Meeûssquare 38-40
1000 Brussel
Van Volxemlaan 262
1190 Vorst
Active since 18 October 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 31 companies are registered at this address.
All companies at this address →UNITED TAIWAN BANK
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€ 36,238 gross margin · 2024
HIVE-X Services
€ 455,872 gross margin · 2025
BIO-BASED INDUSTRIES CONSORTIUM
€ 1.2 million gross margin · 2025
GROUP INDUS-TECHNOLOGIE
€ 146,160 gross margin · 2025
+26 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
- 0849.709.706
- VAT number
- BE 0849.709.706
- Registered office
- de Meeûssquare 38-40, 1000 Brussel
- Names & denominations
- GRELNANI FUND
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 October 2012
- Peppol
- Active · Active since 2 Jan 2026
- Activities · NACE
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
Detailhandel in andere huishoudelijke artikelen, neg
Detailhandel in andere huishoudelijke artikelen in gespecialiseerde winkels, n.e.g.