GRADES
0443.146.775 · rovalta.com · 21/09/2026
ACTIVE
GRADES
Financial year 2025 · closed on 31/12/2025
Net result
20,2 k €
-21.6% YoY
Gross margin
57,4 k €
-32.2% YoY
Equity
62,9 k €
+47.2% YoY
Overview
What does GRADES do?
GRADES is a Private company with limited liability incorporated in 1991. Its registered office is in Leuven.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0443.146.775
Incorporation
18/02/1991
Legal form
Private company with limited liability
Registered office
Mechelsesteenweg 15
3012 Leuven · FlandreSee on map
3012 Leuven · FlandreSee on map
Contributed capital
18 750,00 €
Latest accounts
31/12/2025
Joint committees (2)
- 314
- 316
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 57,4 k € | -32.2% | 84,7 k € | -21.5% | 107,8 k € | +5.4% | 102,3 k € | +77.1% | 57,8 k € | +131% | 25 k € | -56.5% | 57,6 k € | -20.7% | 72,6 k € | +11.3% | 65,2 k € | +32.5% | 49,2 k € | +2.4% | 48 k € | -27.1% | 65,9 k € | +2.7% | 64,1 k € | +28.9% | 49,7 k € | +16.5% | 42,7 k € | +25.7% | 34 k € | -6.3% | 36,2 k € | +11.2% | 32,6 k € | -4.9% | 34,2 k € | +14.7% | 29,9 k € |
| EBITDA | 44,7 k € | -14.6% | 52,4 k € | +45.6% | 36 k € | +30.1% | 27,7 k € | +742% | 3,3 k € | +119% | -17,3 k € | -228% | 13,5 k € | -35.7% | 21 k € | +351% | 4,7 k € | -9.2% | 5,1 k € | +63.0% | 3,1 k € | -80.6% | 16,2 k € | -7.4% | 17,5 k € | -20.4% | 22 k € | -20.3% | 27,6 k € | +23.6% | 22,3 k € | -4.8% | 23,4 k € | -3.9% | 24,4 k € | -22.3% | 31,4 k € | +9.4% | 28,7 k € |
| Operating result | 28 k € | -22.5% | 36,1 k € | +34.7% | 26,8 k € | +71.8% | 15,6 k € | +277% | -8,8 k € | +66.0% | -25,9 k € | -596% | 5,2 k € | -61.3% | 13,5 k € | +343% | -5,5 k € | +7.8% | -6 k € | +43.9% | -10,7 k € | -283% | 5,8 k € | -49.1% | 11,5 k € | -26.9% | 15,7 k € | -12.0% | 17,8 k € | +51.5% | 11,8 k € | +21.8% | 9,7 k € | -10.0% | 10,8 k € | -48.6% | 20,9 k € | +24.5% | 16,8 k € |
| Net result | 20,2 k € | -21.6% | 25,7 k € | +7.2% | 24 k € | +101% | 12 k € | +204% | -11,5 k € | +54.5% | -25,2 k € | -745% | 3,9 k € | -66.5% | 11,7 k € | +310% | -5,6 k € | +0.8% | -5,6 k € | -5.5% | -5,3 k € | -213% | 4,7 k € | -65.5% | 13,6 k € | +2.6% | 13,2 k € | -14.7% | 15,5 k € | +112% | 7,3 k € | +32.3% | 5,5 k € | -39.9% | 9,2 k € | -28.3% | 12,8 k € | +8.1% | 11,8 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 62,9 k € | +47.2% | 42,7 k € | +15.5% | 37 k € | +184% | 13 k € | +1118% | 1,1 k € | -91.5% | 12,5 k € | -66.8% | 37,7 k € | +11.5% | 33,8 k € | +52.7% | 22,1 k € | -20.0% | 27,7 k € | -16.8% | 33,3 k € | -13.7% | 38,6 k € | +13.8% | 33,9 k € | -57.8% | 80,3 k € | +19.7% | 67,1 k € | +30.1% | 51,6 k € | +16.5% | 44,3 k € | +14.3% | 38,7 k € | +31.1% | 29,6 k € | +76.4% | 16,8 k € |
| Total assets | 126,7 k € | -1.4% | 128,4 k € | +70.5% | 75,3 k € | +10.8% | 68 k € | +5.1% | 64,7 k € | -7.1% | 69,7 k € | +16.9% | 59,6 k € | -1.6% | 60,6 k € | +32.8% | 45,6 k € | -26.1% | 61,6 k € | -15.6% | 73,1 k € | +7.7% | 67,9 k € | -38.0% | 109,5 k € | +13.3% | 96,7 k € | +0.5% | 96,2 k € | +37.6% | 69,9 k € | +1.6% | 68,8 k € | -5.3% | 72,7 k € | +21.9% | 59,6 k € | -8.6% | 65,2 k € |
| Cash | 15,6 k € | +165% | 5,9 k € | -69.5% | 19,3 k € | -22.3% | 24,9 k € | +47.3% | 16,9 k € | +7406% | 224,8 € | -95.5% | 5 k € | -54.0% | 10,9 k € | -6.3% | 11,6 k € | +18.3% | 9,8 k € | +44.8% | 6,8 k € | -71.1% | 23,4 k € | +380% | 4,9 k € | -54.2% | 10,6 k € | -47.8% | 20,4 k € | +95.7% | 10,4 k € | +29.7% | 8 k € | +28.2% | 6,3 k € | -12.2% | 7,1 k € | +149% | 2,9 k € |
| Debts | 63,8 k € | -25.6% | 85,7 k € | +124% | 38,3 k € | -30.3% | 55 k € | -13.6% | 63,6 k € | +11.4% | 57,1 k € | +161% | 21,9 k € | -18.3% | 26,8 k € | +14.1% | 23,4 k € | -31.0% | 34 k € | -14.7% | 39,8 k € | +36.0% | 29,3 k € | -61.3% | 75,6 k € | +362% | 16,4 k € | -41.9% | 28,2 k € | +53.3% | 18,4 k € | -25.3% | 24,6 k € | -27.6% | 33,9 k € | +12.8% | 30,1 k € | -38.0% | 48,5 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | 1,5 ETP | +15.4% | 1,3 ETP | 0.0% | 1,3 ETP | +44.4% | 0,9 ETP | +80.0% | 0,5 ETP | +66.7% | 0,3 ETP | 0.0% | 0,3 ETP | -72.7% | 1,1 ETP | +57.1% | 0,7 ETP | +600% | 0,1 ETP | ||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 5 ended
Active mandates
Rose Marie A Desmet
ActiveStefaan Grauwels
ActiveEnded mandates
Rose Marie A Desmet
EndedStefaan Grauwels
EndedRose Desmet
EndedRose Marie A Desmet
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 09/08/2026 | 16/09/2025 | 07/10/2024 | 02/08/2023 | 12/08/2022 | 09/08/2021 |
| General meeting | 05/08/2026 | 15/09/2025 | 19/09/2024 | 20/07/2023 | 03/08/2022 | 03/08/2021 |
| 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 |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 05/08/2026 | 09/08/2026 | Dutch | |
| Micro model | 31/12/2024 | 15/09/2025 | 16/09/2025 | Dutch | |
| Micro model | 31/12/2023 | 19/09/2024 | 07/10/2024 | Dutch | |
| Micro model | 31/12/2022 | 20/07/2023 | 02/08/2023 | Dutch | |
| Micro model | 31/12/2021 | 03/08/2022 | 12/08/2022 | Dutch | |
| Micro model | 31/12/2020 | 03/08/2021 | 09/08/2021 | Dutch | |
| Micro model | 31/12/2019 | 12/08/2020 | 13/08/2020 | Dutch | |
| Micro model | 31/12/2018 | 22/10/2019 | 23/10/2019 | Dutch | |
| Micro model | 31/12/2017 | 04/06/2018 | 25/07/2018 | Dutch | |
| Micro model | 31/12/2016 | 07/08/2017 | 09/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 08/08/2016 | 10/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 03/08/2015 | 10/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 22/09/2014 | 29/09/2014 | Dutch | |
| Abridged model | 31/12/2012 | 29/07/2013 | 09/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 28/09/2012 | 26/10/2012 | Dutch | |
| Abridged model | 31/12/2010 | 30/07/2011 | 11/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 07/06/2010 | 29/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 03/08/2009 | 07/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 28/07/2008 | 08/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 04/06/2007 | 24/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 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 31/12/2025 · 2 active · 5 ended
Active mandates
Rose Marie A Desmet
ActiveStefaan Grauwels
ActiveEnded mandates
Rose Marie A Desmet
EndedStefaan Grauwels
EndedRose Desmet
EndedRose Marie A Desmet
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
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 202520,2 k €↓
- 2024Annual accounts 202425,7 k €↑
- 2023Annual accounts 202324 k €↑
- 2022Annual accounts 202212 k €↑
- 2021Annual accounts 2021-11,5 k €↑
- 2020Annual accounts 2020-25,2 k €↓
- 2019Annual accounts 20193,9 k €↓
- 2018Annual accounts 201811,7 k €↑
- 2017Annual accounts 2017-5,6 k €↑
- 2016Annual accounts 2016-5,6 k €↓
- 2015Annual accounts 2015-5,3 k €↓
- 2014Annual accounts 20144,7 k €↓
- 2013Annual accounts 201313,6 k €↑
- 2012Annual accounts 201213,2 k €↓
- 2011Annual accounts 201115,5 k €↑
- 2010Annual accounts 20107,3 k €↑
- 2009Annual accounts 20095,5 k €↓
- 2008Annual accounts 20089,2 k €↓
- 2007Annual accounts 200712,8 k €↑
- 2006Annual accounts 200611,8 k €
- 18/02/1991IncorporationPrivate company with limited liability