GRIZO
0413.466.161 · rovalta.com · 24/09/2026
ACTIVE
GRIZO
Financial year 2025 · closed on 30/09/2025
Net result
30,4 k €
+21.9% YoY
Gross margin
1,7 M €
Equity
1,7 M €
+1.8% YoY
Workforce
15,5 ETP
-11.9% YoY
Overview
What does GRIZO do?
GRIZO is a Public limited company incorporated in 1973. Its main activity is: Manufacture of leather and related products. Its registered office is in Pittem. It employs on average 15,5 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0413.466.161
Incorporation
01/09/1973
Legal form
Public limited company
Registered office
Posterijlaan 5
8740 Pittem · FlandreSee on map
8740 Pittem · FlandreSee on map
Contributed capital
750 000,00 €
Latest accounts
30/09/2025
Average workforce
15,5 ETP
Activities (NACE)
15710Manufacture of leather and related products· main46212Wholesale of grain, unmanufactured tobacco, seeds and animal feeds46212Wholesale of grain, unmanufactured tobacco, seeds and animal feeds46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds51210Freight air transport+5
Joint committees (6)
- 118
- 119
- 11900
- 200
- 20000
- 218
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 16 financial years
| 2025 | 2024 | 2023 | 2022 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||
| Gross margin | 1,7 M € | – | – | 1,9 M € | +51.9% | 1,2 M € | -9.9% | 1,4 M € | +8.3% | 1,3 M € | +10.9% | 1,2 M € | +2.1% | 1,1 M € | +12.7% | 1 M € | +11.4% | 901 k € | +10.2% | 817,4 k € | +3.7% | 788,1 k € | +20.9% | 651,8 k € | +11.7% | 583,5 k € | +14.0% | 511,8 k € | |||
| EBITDA | 559,1 k € | -2.5% | 573,5 k € | -0.6% | 577,2 k € | -0.4% | 579,4 k € | +63.2% | 354,9 k € | -20.6% | 446,9 k € | -4.5% | 468,1 k € | +30.9% | 357,6 k € | +28.6% | 278,1 k € | -20.7% | 350,7 k € | -1.5% | 355,9 k € | +19.9% | 296,8 k € | +11.3% | 266,6 k € | +5.0% | 254 k € | +33.3% | 190,5 k € | +28.9% | 147,8 k € |
| Operating result | 203,6 k € | +16.4% | 174,9 k € | +31.4% | 133 k € | -26.4% | 180,7 k € | +84.1% | 98,2 k € | -32.6% | 145,6 k € | +15.3% | 126,3 k € | +3.3% | 122,3 k € | +95.4% | 62,6 k € | +24.1% | 50,4 k € | -70.1% | 168,6 k € | +117% | 77,6 k € | -17.3% | 93,8 k € | -1.0% | 94,8 k € | +9.1% | 86,9 k € | +67.8% | 51,8 k € |
| Net result | 30,4 k € | +21.9% | 25 k € | +29.3% | 19,3 k € | -84.5% | 124,7 k € | +240% | 36,7 k € | -52.8% | 77,7 k € | -13.5% | 89,8 k € | +65.4% | 54,3 k € | +18070% | -302,1 € | -102% | 12,7 k € | -45.5% | 23,2 k € | +186% | 8,1 k € | -80.2% | 41,1 k € | -13.1% | 47,3 k € | -82.1% | 264,2 k € | +2749% | 9,3 k € |
| Balance sheet | |||||||||||||||||||||||||||||||
| Equity | 1,7 M € | +1.8% | 1,7 M € | +1.0% | 1,7 M € | +1.2% | 1,7 M € | +38.1% | 1,2 M € | +3.1% | 1,2 M € | +7.1% | 1,1 M € | +3.2% | 1,1 M € | +1.2% | 1 M € | -5.5% | 1,1 M € | +0.2% | 1,1 M € | -3.3% | 1,1 M € | +0.7% | 1,1 M € | +3.8% | 1,1 M € | +4.5% | 1 M € | +33.8% | 780,5 k € |
| Total assets | 6,6 M € | -4.3% | 6,9 M € | -10.3% | 7,7 M € | -8.5% | 8,4 M € | +110% | 4 M € | -5.1% | 4,2 M € | -3.0% | 4,3 M € | +18.7% | 3,7 M € | +3.4% | 3,5 M € | +1.2% | 3,5 M € | +11.4% | 3,1 M € | +0.0% | 3,1 M € | +8.4% | 2,9 M € | -2.6% | 3 M € | +26.9% | 2,3 M € | +22.5% | 1,9 M € |
| Cash | 150,7 k € | +97.8% | 76,2 k € | -27.5% | 105,1 k € | -1.1% | 106,3 k € | -16.5% | 127,2 k € | +52.8% | 83,3 k € | +18.3% | 70,4 k € | +27.9% | 55,1 k € | -32.9% | 82,1 k € | -44.4% | 147,6 k € | +142% | 61 k € | -17.9% | 74,4 k € | -8.5% | 81,2 k € | -63.2% | 220,7 k € | +1202% | 16,9 k € | -47.4% | 32,2 k € |
| Debts | 4,7 M € | -6.9% | 5 M € | -13.8% | 5,8 M € | -11.2% | 6,5 M € | +151% | 2,6 M € | -8.7% | 2,8 M € | -6.7% | 3 M € | +23.5% | 2,5 M € | +4.7% | 2,4 M € | +4.7% | 2,3 M € | +18.9% | 1,9 M € | +2.3% | 1,9 M € | +14.7% | 1,6 M € | -10.3% | 1,8 M € | +48.3% | 1,2 M € | +8.1% | 1,1 M € |
| Other | |||||||||||||||||||||||||||||||
| Workforce | 15,5 ETP | -11.9% | 17,6 ETP | -5.4% | 18,6 ETP | -8.4% | 20,3 ETP | +33.6% | 15,2 ETP | +3.4% | 14,7 ETP | +7.3% | 13,7 ETP | +3.8% | 13,2 ETP | -10.8% | 14,8 ETP | +20.3% | 12,3 ETP | +21.8% | 10,1 ETP | +4.1% | 9,7 ETP | +9.0% | 8,9 ETP | +15.6% | 7,7 ETP | 0.0% | 7,7 ETP | -7.2% | 8,3 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 6 active · 13 ended
Active mandates
Active
Active
Aloïs Vandemoortele
ActiveNiels Vandemoortele
ActiveEdith Muzard
ActiveFilip VANDEMOORTELE
ActiveEnded mandates
Niels Vandemoortele
EndedNiels Vandemoortele
EndedAloïs Vandemoortele
EndedCyriel Vandemoortele
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
AMUTNIS MANAGEMENT● Active | 1026.922.469 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Full model | Full model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/10/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 30/09/2025 | 30/09/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 08/04/2026 | 04/03/2025 | 26/03/2024 | 24/02/2023 | 16/03/2022 | 11/03/2021 |
| General meeting | 16/03/2026 | 08/02/2025 | 29/02/2024 | 11/02/2023 | 12/02/2022 | 13/02/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 30/09/2025 | 16/03/2026 | 08/04/2026 | Dutch | |
| Full model | 30/09/2024 | 08/02/2025 | 04/03/2025 | Dutch | |
| Full model | 30/09/2023 | 29/02/2024 | 26/03/2024 | Dutch | |
| Abridged model | 30/09/2022 | 11/02/2023 | 24/02/2023 | Dutch | |
| Abridged model | 30/09/2021 | 12/02/2022 | 16/03/2022 | Dutch | |
| Abridged model | 30/09/2020 | 13/02/2021 | 11/03/2021 | Dutch | |
| Abridged model | 30/09/2019 | 08/02/2020 | 27/02/2020 | Dutch | |
| Abridged model | 30/09/2018 | 09/02/2019 | 05/03/2019 | Dutch | |
| Abridged model | 30/09/2017 | 10/02/2018 | 09/03/2018 | Dutch | |
| Abridged model | 30/09/2016 | 30/12/2016 | 26/01/2017 | Dutch | |
| Abridged model | 30/09/2015 | 13/02/2016 | 11/03/2016 | Dutch | |
| Abridged model | 30/09/2014 | 14/02/2015 | 13/03/2015 | Dutch | |
| Abridged model | 30/09/2013 | 08/02/2014 | 04/03/2014 | Dutch | |
| Abridged model | 30/09/2012 | 15/02/2013 | 22/02/2013 | Dutch | |
| Abridged model | 30/09/2011 | 11/02/2012 | 27/02/2012 | Dutch | |
| Abridged model | 30/09/2010 | 12/02/2011 | 18/02/2011 | Dutch | |
| Abridged model | 30/09/2009 | 13/02/2010 | 08/03/2010 | Dutch | |
| Abridged model | 30/09/2008 | 14/02/2009 | 24/02/2009 | Dutch | |
| Abridged model | 30/09/2007 | 09/02/2008 | 07/03/2008 | Dutch | |
| Abridged model | 30/09/2006 | 10/02/2007 | 15/02/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 k€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2025 · 6 active · 13 ended
Active mandates
Active
Active
Aloïs Vandemoortele
ActiveNiels Vandemoortele
ActiveEdith Muzard
ActiveFilip VANDEMOORTELE
ActiveEnded mandates
Niels Vandemoortele
EndedNiels Vandemoortele
EndedAloïs Vandemoortele
EndedCyriel Vandemoortele
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates03/03/2026STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
- Mandates20/08/2024ONTSLAGEN - BENOEMINGEN
- Mandates06/04/2023ONTSLAGEN - BENOEMINGEN
- Mandates22/01/2021ONTSLAGEN - BENOEMINGEN
- Mandates22/10/2019ONTSLAGEN - BENOEMINGEN
- Mandates14/03/2018ONTSLAGEN - BENOEMINGEN
- Capital / shares06/11/2014KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Other28/01/2013DOEL
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202530,4 k €↑
- 2024Annual accounts 202425 k €↑
- 2023Annual accounts 202319,3 k €↓
- 2022Annual accounts 2022124,7 k €↑
- 2018Annual accounts 201836,7 k €↓
- 2017Annual accounts 201777,7 k €↓
- 2016Annual accounts 201689,8 k €↑
- 2015Annual accounts 201554,3 k €↑
- 2014Annual accounts 2014-302,1 €↓
- 2013Annual accounts 201312,7 k €↓
- 2012Annual accounts 201223,2 k €↑
- 2011Annual accounts 20118,1 k €↓
- 2010Annual accounts 201041,1 k €↓
- 2009Annual accounts 200947,3 k €↓
- 2008Annual accounts 2008264,2 k €↑
- 2007Annual accounts 20079,3 k €
- 01/09/1973IncorporationPublic limited company