ACTIVE

Granimar

Financial year 2025 · closed on 31/12/2025
Net result
118,2 k €
+111.9% YoY
Gross margin
348,1 k €
+52.6% YoY
Equity
494,2 k €
+3.8% YoY
Workforce
3,0 ETP
+42.9% YoY

What does Granimar do?

Granimar is a Public limited company incorporated in 1968. Its registered office is in Wielsbeke. It employs on average 3,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0405.418.527
Incorporation
01/01/1968
Legal form
Public limited company
Registered office
Oostrozebeeksestraat(O) 28
8710 Wielsbeke · FlandreSee on map
Contributed capital
69 410,19 €
Latest accounts
31/12/2025
Average workforce
3,0 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212018201720162015201420132012201120102009200820072006
Income statement
Gross margin348,1 k €228,2 k €302,9 k €178,3 k €185,1 k €66,8 k €190,6 k €185,5 k €284,5 k €229 k €326,7 k €369,8 k €448 k €424,2 k €504 k €501,1 k €357,8 k €401,8 k €
EBITDA145,6 k €83,7 k €172,4 k €61,7 k €60,4 k €-78,6 k €17,9 k €3,7 k €59,1 k €-7,4 k €115,3 k €94,5 k €154,1 k €146,3 k €229,9 k €220,2 k €127,4 k €208,7 k €
Operating result137,4 k €74,6 k €145,7 k €34,5 k €31,8 k €-118,5 k €-30,1 k €-46,8 k €8,5 k €-85 k €33,6 k €5,9 k €77,1 k €39,2 k €146,3 k €148,8 k €34,3 k €105,7 k €
Net result118,2 k €55,8 k €139,1 k €32,5 k €29,5 k €-114,8 k €-25,4 k €-51,2 k €4,5 k €-80,4 k €18,8 k €13,3 k €54,6 k €30 k €105,2 k €89,7 k €22 k €71 k €
Balance sheet
Equity494,2 k €475,9 k €545,1 k €467,8 k €461,3 k €550,3 k €665,1 k €690,5 k €741,6 k €737,1 k €817,5 k €798,7 k €798,4 k €743,8 k €713,8 k €608,6 k €527,9 k €551,7 k €
Total assets689,9 k €672,1 k €619,1 k €506,8 k €577,5 k €588,6 k €744,9 k €805,8 k €914,4 k €923,5 k €1 M €932,2 k €1 M €978,5 k €974,8 k €936,3 k €922,5 k €972,5 k €
Cash256,5 k €383,7 k €138,1 k €226,4 k €49,5 k €99,5 k €232,3 k €211,5 k €292,7 k €286,4 k €162,8 k €221 k €222,4 k €333,7 k €411,7 k €177,7 k €174,5 k €173,2 k €
Debts195,7 k €196,2 k €74 k €38,9 k €116,3 k €38,2 k €79,8 k €115,4 k €172,7 k €186,4 k €208,5 k €133,5 k €219,4 k €234,7 k €261 k €327,7 k €394,7 k €420,8 k €
Other
Workforce3,0 ETP2,1 ETP2,0 ETP2,0 ETP2,0 ETP3,0 ETP3,5 ETP3,9 ETP4,4 ETP4,3 ETP3,8 ETP5,3 ETP5,5 ETP5,5 ETP5,5 ETP5,6 ETP5,8 ETP4,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

JBS Finance

Director · since 17 décembre 2025 · 1013.827.370

Represented by D'haveloose Charlotte

Active
Jean-Baptiste Vanden Avenne

Managing director · since 03 juin 2025

Active
INTER-PANEL AGENCY

Director · since 08 novembre 2024 · 0448.147.918

Represented by Vanden Avenne Stefaan

Active

Ended mandates

JBS Finance

Director · since 08 novembre 2024 · 1013.827.370

Represented by Jean-Baptiste Vanden Avenne

Ended
CELINE MAERTENS

Director · since 15 juillet 2022 · until 28 avril 2028 · 0720.519.760

Represented by Celine Maertens

Ended
Katelijn Titeca

Director · since 15 juillet 2022 · until 28 avril 2028

Ended
Katelijn Titeca

Managing director · since 15 juillet 2022 · until 15 juillet 2028

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/06/202623/05/202517/06/202424/07/202323/05/202223/07/2021
General meeting15/05/202625/04/202517/05/202430/06/202329/04/202226/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202515/05/202615/06/2026DutchPDF
Abridged model31/12/202425/04/202523/05/2025DutchPDF
Abridged model31/12/202317/05/202417/06/2024DutchPDF
Abridged model31/12/202230/06/202324/07/2023DutchPDF
Abridged model31/12/202129/04/202223/05/2022DutchPDF
Abridged model31/12/202026/06/202123/07/2021DutchPDF
Abridged model31/12/201928/07/202027/08/2020DutchPDF
Abridged model31/12/201824/05/201920/06/2019DutchPDF
Abridged model31/12/201718/05/201831/05/2018DutchPDF
Abridged model31/12/201619/05/201716/06/2017DutchPDF
Abridged model31/12/201529/07/201624/08/2016DutchPDF
Abridged model31/12/201405/06/201522/06/2015DutchPDF
Abridged model31/12/201306/06/201416/06/2014DutchPDF
Abridged model31/12/201207/06/201327/06/2013DutchPDF
Abridged model31/12/201127/04/201228/06/2012DutchPDF
Abridged model31/12/201029/04/201101/07/2011DutchPDF
Abridged model31/12/200930/04/201016/07/2010DutchPDF
Abridged model31/12/200824/04/200929/06/2009DutchPDF
Abridged model31/12/200725/04/200829/08/2008DutchPDF
Abridged model31/12/200627/04/200730/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

JBS Finance

Director · since 17 décembre 2025 · 1013.827.370

Represented by D'haveloose Charlotte

Active
Jean-Baptiste Vanden Avenne

Managing director · since 03 juin 2025

Active
INTER-PANEL AGENCY

Director · since 08 novembre 2024 · 0448.147.918

Represented by Vanden Avenne Stefaan

Active

Ended mandates

JBS Finance

Director · since 08 novembre 2024 · 1013.827.370

Represented by Jean-Baptiste Vanden Avenne

Ended
CELINE MAERTENS

Director · since 15 juillet 2022 · until 28 avril 2028 · 0720.519.760

Represented by Celine Maertens

Ended
Katelijn Titeca

Director · since 15 juillet 2022 · until 28 avril 2028

Ended
Katelijn Titeca

Managing director · since 15 juillet 2022 · until 15 juillet 2028

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates16/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/08/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/06/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/12/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/10/2013
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025118,2 k €
  2. 2024
    Annual accounts 202455,8 k €
  3. 2023
    Annual accounts 2023139,1 k €
  4. 2022
    Annual accounts 202232,5 k €
  5. 2021
    Annual accounts 202129,5 k €
  6. 2018
    Annual accounts 2018-114,8 k €
  7. 2017
    Annual accounts 2017-25,4 k €
  8. 2016
    Annual accounts 2016-51,2 k €
  9. 2015
    Annual accounts 20154,5 k €
  10. 2014
    Annual accounts 2014-80,4 k €
  11. 2013
    Annual accounts 201318,8 k €
  12. 2012
    Annual accounts 201213,3 k €
  13. 2011
    Annual accounts 201154,6 k €
  14. 2010
    Annual accounts 201030 k €
  15. 2009
    Annual accounts 2009105,2 k €
  16. 2008
    Annual accounts 200889,7 k €
  17. 2007
    Annual accounts 200722 k €
  18. 2006
    Annual accounts 200671 k €
  19. 01/01/1968
    IncorporationPublic limited company