ACTIVE

GRANDSART

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Financial year 2025 · closed on 30/09/2025
Net result
106,8 k €
-26.1% YoY
Gross margin
804,6 k €
+2.1% YoY
Equity
881 k €
+13.8% YoY
Workforce
6,5 ETP
+3.2% YoY

What does GRANDSART do?

GRANDSART is a Public limited company incorporated in 2000. Its main activity is: Activities of head offices. Its registered office is in Bruxelles. It employs on average 6,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0473.532.224
Incorporation
15/12/2000
Legal form
Public limited company
Registered office
Avenue des Arts 24 box 11
1000 Bruxelles · BruxellesSee on map
Contributed capital
275 000,00 €
Latest accounts
30/09/2025
Average workforce
6,5 ETP
Activities (NACE)
70120Activities of head offices· main87302Residential care activities for the elderly and disabled87302Residential care activities for the elderly and disabled68100Buying and selling of own real estate68110Buying and selling of own real estate
Joint committees (1)
  • 330
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin804,6 k €788,4 k €745,2 k €730,9 k €703,1 k €770,8 k €806,6 k €795,5 k €797,2 k €659,9 k €582,4 k €384,4 k €-73,9 k €-20,5 k €-14,8 k €-107,5 k €-3,4 k €-102,5 k €-48,2 k €
EBITDA451 k €461,8 k €452,4 k €449,4 k €430,6 k €545,5 k €583,6 k €574,6 k €625,3 k €505,1 k €441,3 k €285,1 k €-104,8 k €-21,2 k €-15,5 k €-110,1 k €-5,9 k €-106,2 k €-51,5 k €
Operating result243,1 k €259,5 k €251,5 k €197,9 k €191,6 k €311,7 k €349,9 k €341,2 k €373,2 k €241,2 k €184 k €27,6 k €-346,3 k €-27,5 k €-19,5 k €-114,3 k €-16,3 k €-124,2 k €-62 k €
Net result106,8 k €144,4 k €118,4 k €126,1 k €87,5 k €165,7 k €233,6 k €214,9 k €237,2 k €191 k €23,2 k €-108,4 k €-474,9 k €-37,9 k €-27,8 k €-94,8 k €-24,3 k €-132,1 k €-64,2 k €
Balance sheet
Equity881 k €774,3 k €629,9 k €511,5 k €385,4 k €297,8 k €132,2 k €-101,4 k €-316,3 k €-553,5 k €-744,5 k €-767,7 k €-659,2 k €-184,3 k €-146,4 k €-118,6 k €-23,8 k €551,8 €132,7 k €
Total assets3,1 M €3,2 M €3,3 M €3,5 M €3,5 M €3,6 M €3,8 M €4,1 M €4,4 M €4,5 M €4,7 M €4,9 M €5 M €4,4 M €1,3 M €365,1 k €509,2 k €404 k €382,4 k €
Cash63,7 k €17,9 k €66,9 k €43,8 k €37,2 k €13,2 k €45,1 k €69,7 k €201,9 k €29,9 k €39,5 k €44,4 k €23,2 k €3,3 k €20,6 k €59,8 k €3,6 k €5,5 k €7,5 k €
Debts2,2 M €2,4 M €2,7 M €2,9 M €3,2 M €3,3 M €3,7 M €4,2 M €4,7 M €5 M €5,3 M €5,5 M €5,6 M €4,5 M €1,3 M €370,1 k €426,8 k €298,4 k €151 k €
Other
Workforce6,5 ETP6,3 ETP6,0 ETP5,9 ETP6,7 ETP5,8 ETP6,5 ETP5,9 ETP5,1 ETP4,6 ETP4,2 ETP3,8 ETP0,9 ETP––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 5 active · 7 ended

Active mandates

VALERIE ROUSSEAU

Managing director · since 01 juillet 2014

Active
ADRIEN PAELINCK VAN MEERBEECK

Director · since 21 juin 2013

Active
ELEONORE PAELINCK VAN MEERBEECK

Director · since 21 juin 2013

Active
CYRILLE GRIESMAR

Director · since 15 février 2013

Active
THIERRY PAELINCK VAN MEERBEECK

Managing director

Active

Ended mandates

VALERIE ROUSSEAU

Director · since 01 juillet 2014

Ended
NICOLAS GERARD

Managing director · since 15 février 2013 · until 01 août 2014

Ended
NICOLAS GERARD

Managing director · since 15 février 2013

Ended
SIMCHA BRAUMAN

Director · since 15 février 2013 · until 16 septembre 2013

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/03/202611/03/202509/04/202417/03/202317/03/202225/03/2021
General meeting23/02/202607/03/202505/04/202403/03/202304/03/202205/03/2021
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 model30/09/202523/02/202616/03/2026FrenchPDF
Abridged model30/09/202407/03/202511/03/2025FrenchPDF
Abridged model30/09/202305/04/202409/04/2024FrenchPDF
Abridged model30/09/202203/03/202317/03/2023FrenchPDF
Abridged model30/09/202104/03/202217/03/2022FrenchPDF
Abridged model30/09/202005/03/202125/03/2021FrenchPDF
Abridged model30/09/201906/03/202009/04/2020FrenchPDF
Abridged model30/09/201829/03/201923/04/2019FrenchPDF
Abridged model30/09/201729/03/201830/03/2018FrenchPDF
Abridged model30/09/201617/03/201725/04/2017FrenchPDF
Abridged model30/09/201504/03/201611/03/2016FrenchPDF
Abridged model30/09/201406/03/201531/03/2015FrenchPDF
Abridged model30/09/201307/03/201423/04/2014FrenchPDF
Abridged model30/09/201201/03/201319/03/2013FrenchPDF
Abridged model30/09/201102/03/201223/04/2012FrenchPDF
Abridged model30/09/201005/03/201129/04/2011FrenchPDF
Abridged model30/09/200906/03/201029/04/2010FrenchPDF
Abridged model30/09/200807/03/200929/04/2009FrenchPDF
Abridged model30/09/200701/03/200831/03/2008FrenchPDF
Abridged model30/09/200602/03/200728/03/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 5 active · 7 ended

Active mandates

VALERIE ROUSSEAU

Managing director · since 01 juillet 2014

Active
ADRIEN PAELINCK VAN MEERBEECK

Director · since 21 juin 2013

Active
ELEONORE PAELINCK VAN MEERBEECK

Director · since 21 juin 2013

Active
CYRILLE GRIESMAR

Director · since 15 février 2013

Active
THIERRY PAELINCK VAN MEERBEECK

Managing director

Active

Ended mandates

VALERIE ROUSSEAU

Director · since 01 juillet 2014

Ended
NICOLAS GERARD

Managing director · since 15 février 2013 · until 01 août 2014

Ended
NICOLAS GERARD

Managing director · since 15 février 2013

Ended
SIMCHA BRAUMAN

Director · since 15 février 2013 · until 16 septembre 2013

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other19/08/2026
    Renouvellement mandats
    PDF
  • Mandates11/06/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/05/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/07/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/05/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/08/2014
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/11/2013
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/07/2013
    DEMISSIONS, NOMINATIONS
    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 2025106,8 k €↓
  2. 2024
    Annual accounts 2024144,4 k €↑
  3. 2023
    Annual accounts 2023118,4 k €↓
  4. 2022
    Annual accounts 2022126,1 k €↑
  5. 2021
    Annual accounts 202187,5 k €↓
  6. 2020
    Annual accounts 2020165,7 k €↓
  7. 2019
    Annual accounts 2019233,6 k €↑
  8. 2018
    Annual accounts 2018214,9 k €↓
  9. 2017
    Annual accounts 2017237,2 k €↑
  10. 2016
    Annual accounts 2016191 k €↑
  11. 2015
    Annual accounts 201523,2 k €↑
  12. 2014
    Annual accounts 2014-108,4 k €↑
  13. 2013
    Annual accounts 2013-474,9 k €↓
  14. 2012
    Annual accounts 2012-37,9 k €↓
  15. 2011
    Annual accounts 2011-27,8 k €↑
  16. 2010
    Annual accounts 2010-94,8 k €↓
  17. 2009
    Annual accounts 2009-24,3 k €↑
  18. 2008
    Annual accounts 2008-132,1 k €↓
  19. 2007
    Annual accounts 2007-64,2 k €
  20. 15/12/2000
    IncorporationPublic limited company