ACTIVE

GRL HOLDING

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Financial year 2025 · Closed on 31/12/2025

Net result
5 M €
+18 168,2 %over 1 year
Revenue
1,1 M €
+2,7 %over 1 year
Equity
6,4 M €
+0,6 %over 1 year
Workforce
8,2 ETP
+10,8 %over 1 year

Identity

Source · BCE/KBO

GRL HOLDING is a Public limited company incorporated in 1996. Its main activity is: Management consultancy activities. Its registered office is in Beringen. It employs on average 8,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0457.194.355
Incorporation
22/01/1996
Legal form
Public limited company
Registered office
Industrieweg 190
3583 Beringen · FlandreSee on map
Contributed capital
171 724,00 €
Latest accounts
31/12/2025
Average workforce
8,2 ETP
Joint committees (2)
  • 100
  • 200
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue1,1 M €1,1 M €1,1 M €938 k €793,5 k €
EBITDA74 k €45,5 k €40,7 k €30,2 k €18,1 k €
Operating result70,7 k €43,4 k €39,2 k €29 k €16,1 k €
Net result5 M €27,6 k €22,3 k €10 k €2,6 k €
Balance sheet
Equity6,4 M €6,3 M €6,3 M €6,3 M €6,3 M €
Total assets8,8 M €7,2 M €11,3 M €10,5 M €9 M €
Cash2,3 M €455,5 k €4,4 M €2 M €1 M €
Debts2,4 M €835,3 k €5 M €4,2 M €2,8 M €
Other
Workforce8,2 ETP7,4 ETP6,8 ETP6,5 ETP6,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

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

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 16 ended

Active mandates

Christoph Bildstein

Director · since 04 décembre 2017 · until 30 juin 2029

Active
MERVIN

Director · since 04 décembre 2017 · until 30 juin 2029 · 0845.201.184

Represented by Martine Meuws

Active
Stephan Müller

Director · since 04 décembre 2017 · until 30 juin 2029

Active

Ended mandates

Christoph Bildstein

Director · since 04 décembre 2017 · until 30 juin 2023

Ended
MERVIN

Director · since 04 décembre 2017 · until 30 juin 2023 · 0845.201.184

Represented by Martine Meuws

Ended
Stephan Müller

Director · since 04 décembre 2017 · until 30 juin 2023

Ended
Maria Meylaerts

Director · until 30 juin 2012

Ended

Other companies at this address

Industrieweg 190 3583 Beringen
CompanyCBE no.
GRL Glass Recycling● Active
0420.133.625
GRL Logistics● Active
0421.925.353

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date22/07/202630/06/202523/07/202404/07/202311/07/202222/07/2021
General meeting30/06/202630/06/202530/06/202430/06/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202622/07/2026DutchPDF
Full model31/12/202430/06/202530/06/2025DutchPDF
Full model31/12/202330/06/202423/07/2024DutchPDF
Full model31/12/202230/06/202304/07/2023DutchPDF
Full model31/12/202130/06/202211/07/2022DutchPDF
Full model31/12/202030/06/202122/07/2021DutchPDF
Full model31/12/201930/06/202014/07/2020DutchPDF
Full model31/12/201828/06/201926/07/2019DutchPDF
Full model31/12/201729/06/201806/07/2018DutchPDF
Abridged model31/12/201602/06/201713/07/2017DutchPDF
Abridged model31/12/201503/06/201627/06/2016DutchPDF
Abridged model31/12/201405/06/201518/08/2015DutchPDF
Abridged model31/12/201306/06/201408/07/2014DutchPDF
Abridged model31/12/201207/06/201305/09/2013DutchPDF
Abridged model31/12/201101/06/201214/09/2012DutchPDF
Abridged model31/12/201003/06/201110/08/2011DutchPDF
Abridged model31/12/200904/06/201031/08/2010DutchPDF
Abridged model31/12/200805/06/200908/07/2009DutchPDF
Abridged model31/12/200706/06/200829/08/2008DutchPDF
Abridged model31/12/200601/06/200730/08/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 16 ended

Active mandates

Christoph Bildstein

Director · since 04 décembre 2017 · until 30 juin 2029

Active
MERVIN

Director · since 04 décembre 2017 · until 30 juin 2029 · 0845.201.184

Represented by Martine Meuws

Active
Stephan Müller

Director · since 04 décembre 2017 · until 30 juin 2029

Active

Ended mandates

Christoph Bildstein

Director · since 04 décembre 2017 · until 30 juin 2023

Ended
MERVIN

Director · since 04 décembre 2017 · until 30 juin 2023 · 0845.201.184

Represented by Martine Meuws

Ended
Stephan Müller

Director · since 04 décembre 2017 · until 30 juin 2023

Ended
Maria Meylaerts

Director · until 30 juin 2012

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office11/09/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates19/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other02/06/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING
    PDF
  • Mandates11/01/2019
    ONTSLAGEN - BENOEMINGEN
    PDF

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 20255 M €↑
  2. 2024
    Annual accounts 202427,6 k €↑
  3. 2023
    Annual accounts 202322,3 k €↑
  4. 2022
    Annual accounts 202210 k €↑
  5. 2021
    Annual accounts 20212,6 k €↓
  6. 2020
    Annual accounts 202021,9 k €↓
  7. 2019
    Annual accounts 201945 k €↑
  8. 2019
    Name changeGRL HOLDING
  9. 2018
    Annual accounts 2018-2,4 k €↓
  10. 2017
    Annual accounts 201710,7 k €↓
  11. 2016
    Annual accounts 2016132,2 k €↓
  12. 2015
    Annual accounts 2015853,9 k €↓
  13. 2014
    Annual accounts 2014996,6 k €↑
  14. 2013
    Annual accounts 201328,5 k €↓
  15. 2012
    Annual accounts 201245,9 k €↓
  16. 2011
    Annual accounts 20112,6 M €↑
  17. 2010
    Annual accounts 201026,2 k €↓
  18. 2009
    Annual accounts 200940,6 k €↓
  19. 2008
    Annual accounts 200842,9 k €↓
  20. 2007
    Annual accounts 20071,4 M €↑
  21. 2006
    Annual accounts 200631,7 k €
  22. 2006
    Name changeVSB HOLDING
  23. 22/01/1996
    IncorporationPublic limited company