Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GRINORD from Mechelen, company number BE0886679275, closed financial year 2025 with a result of € -65,513 after tax. For that financial year GRINORD recorded a gross margin of € 172,678 and equity of € -91,167. Compared with financial year 2024, the result moved from € 5,182 to € -65,513. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 5, 2026.
€ -91,167
▼ € 65,513 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -65,513
▼ still € 5,182 profit in 2024
Profit after tax over the fiscal year.
€ 1,884
▼ 91% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -131,167.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 216,882
▼ 13% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 25,096
▼ 29% vs 2024
Of which on lease € 21,441.
Debts at end 2025
€ 96,579
▲ 2% vs 2024
€ 7,083 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 105,808
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 31,776
▼ 25% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 307,255 | € 386,385 | € 287,419 | € 172,678 | ▼ 40% |
| Profit after taxes | € -24,649 | € 33,764 | € 5,182 | € -65,513 | ▼ € 70,696 |
| Equity | € -64,600 | € -30,836 | € -25,654 | € -91,167 | ▼ € 65,513 |
| Total debts | € 286,192 | € 241,138 | € 308,570 | € 323,365 | ▲ 5% |
| Cash | € 4,788 | € 1,113 | € 21,299 | € 1,884 | ▼ 91% |
| Retained profit | € -104,600 | € -70,836 | € -65,654 | € -131,167 | ▼ € 65,513 |
| Bank debt | € 107,405 | € 108,831 | € 94,599 | € 96,579 | ▲ 2% |
| Balance sheet total | € 221,593 | € 210,303 | € 282,916 | € 232,198 | ▼ 18% |
Key figures of GRINORD, 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 GRINORD?
What happened at GRINORD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 65,513 (▼ € 70,696 vs 2024). Source: NBB ↗
- New establishment in Mechelen. KBO
- Jorg Van Noord became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 24,649 loss in 2022 to € 65,513 loss in 2025.
Paid € 21,721 in corporate taxes since 2022.
Best year ever: 2023, with € 33,764 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
Directors
According to the 2025 annual accounts
Jorg Van Noord
Director
since 2007
Establishments
Establishment units
Physical locations of this company
Nekkerspoelstraat 37
2800 Mechelen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0886.679.275
- VAT number
- BE 0886.679.275
- Registered office
- Nekkerspoelstraat 37, 2800 Mechelen
- Names & denominations
- GRINORD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 2007
- Peppol
- Active · Active since 18 Apr 2026
- Activities · NACE
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Overige bouwinstallatie
Overige bouwinstallatie, n.e.g.
Handelsbemiddeling in de groothandel in andere specifieke goederen
Schrijnwerk
Metaalschrijnwerk
Handelsbemiddeling gespecialiseerd in overige goederen, n.e.g.