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 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GRW Industrial Vehicles from Lier, company number BE1008284910, closed financial year 2025 with a result of € 5 million after tax. For that financial year GRW Industrial Vehicles recorded revenue of € 51.7 million and equity of € 5 million. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 18, 2025.
€ 5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5 million
Profit after tax over the fiscal year.
€ 5.3 million
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 5 million.
People and assets in 2025
140.3
Average over the fiscal year, from the social balance sheet.
€ 10.1 million
€ 72,100 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.
€ 134,683
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.2 million
Loans from banks and other lenders, long and short.
€ 8.6 million
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 83 days on average.
€ 3.2 million
Taxes, VAT and social contributions still to pay.
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What happened to GRW Industrial Vehicles?
What happened at GRW Industrial Vehicles in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5 million. Source: NBB ↗
- Jean-Paul Harteman stepped down as director. NBB
- Andreas Schmitz became a director. NBB
- Marnix Lannoije became a director. NBB
- Jean-Paul Harteman became a director. NBB
- New establishment in Lier. KBO
- Gillaume Ioan Hager became a director. NBB
- Gerhard Jaco Van Der Merwe became a director. NBB
In short
Paid € 1.8 million in corporate taxes since 2025.
Pays suppliers within 83 days on average.
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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 GRW Industrial Vehicles are Gillaume Ioan Hager, Gerhard Jaco Van Der Merwe, Andreas Schmitz and Marnix Lannoije. The shares are held by Trailer Engineering AG (48%), GRW Trading (Pty) Ltd (21%) and GRW Employee Co (Pty) Ltd (5%).
Directors
According to the 2025 annual accounts
Gillaume Ioan Hager
Director
since 2024
Gerhard Jaco Van Der Merwe
Director
since 2024
Andreas Schmitz
Director
since 2024
Marnix Lannoije
Director
since 2024
Jean-Paul Harteman
Director
since 2024 · until 2024
Shareholders
Trailer Engineering AG
48%
GRW Trading (Pty) Ltd
21%
GRW Employee Co (Pty) Ltd
5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Burgemeester Hensstraat 11
2500 Lier
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1008.284.910
- VAT number
- BE 1008.284.910
- Registered office
- Burgemeester Hensstraat 11, 2500 Lier
- Names & denominations
- GRW Industrial Vehicles
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 April 2024
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van motorvoertuigen
Groothandel in aanhangwagens, opleggers en caravans
Vervaardiging van aanhangwagens, opleggers en caravans
Vervaardiging van carrosserieën voor motorvoertuigen
Handel in aanhangwagens, opleggers en caravans