GRF
0511.978.371 · rovalta.com · 22/09/2026
NORMAL SITUATION
GRF
Financial year 2025 · closed on 31/12/2025
Net result
-5,6 k €
-55.5% YoY
Gross margin
-5 k €
-71.3% YoY
Equity
15,4 k €
-26.6% YoY
Company — Normal situation.
Overview
What does GRF do?
GRF is a company registered in Belgium.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0511.978.371
Legal form
Private company with limited liability
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Signals
Solid equityGood liquidity
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Financials
Trend over 13 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||
| Gross margin | -5 k € | -71.3% | -2,9 k € | -121% | 13,9 k € | +246% | -9,5 k € | +10.3% | -10,6 k € | -582% | -1,6 k € | -119% | 8,1 k € | +112% | -69,3 k € | -181% | -24,7 k € | -167% | 36,7 k € | -15.4% | 43,4 k € | -2.3% | 44,4 k € | -17.4% | 53,7 k € |
| EBITDA | -5,5 k € | -55.9% | -3,6 k € | -131% | 11,4 k € | +199% | -11,5 k € | +8.4% | -12,6 k € | -224% | -3,9 k € | -122% | 17,8 k € | +4.0% | 17,2 k € | +27.3% | 13,5 k € | +42.7% | 9,5 k € | +167% | 3,5 k € | -40.7% | 6 k € | +117% | 2,8 k € |
| Operating result | -5,5 k € | -55.9% | -3,6 k € | -131% | 11,4 k € | +1978% | -608,2 € | +96.5% | -17,2 k € | -102% | -8,5 k € | -165% | 13,2 k € | +5.4% | 12,5 k € | +1182% | -1,2 k € | -112% | 9,5 k € | +167% | 3,5 k € | -40.7% | 6 k € | +117% | 2,8 k € |
| Net result | -5,6 k € | -55.5% | -3,6 k € | -132% | 11,3 k € | +1316% | -930,6 € | +94.8% | -17,8 k € | -115% | -8,3 k € | -160% | 13,8 k € | +69.7% | 8,1 k € | +659% | -1,4 k € | -124% | 5,9 k € | +557% | -1,3 k € | -134% | 3,8 k € | -26.4% | 5,2 k € |
| Balance sheet | |||||||||||||||||||||||||
| Equity | 15,4 k € | -26.6% | 21 k € | -14.6% | 24,5 k € | +85.6% | 13,2 k € | -6.6% | 14,2 k € | -55.7% | 31,9 k € | -20.6% | 40,2 k € | +52.0% | 26,5 k € | +44.2% | 18,4 k € | -7.3% | 19,8 k € | +42.8% | 13,9 k € | -8.6% | 15,2 k € | +33.5% | 11,4 k € |
| Total assets | 20,4 k € | -9.6% | 22,6 k € | -70.3% | 76 k € | +16.0% | 65,6 k € | -3.7% | 68,1 k € | -6.6% | 72,9 k € | -28.3% | 101,7 k € | -50.4% | 204,8 k € | +9.6% | 186,8 k € | -5.3% | 197,3 k € | -1.7% | 200,8 k € | +51.2% | 132,8 k € | +55.6% | 85,3 k € |
| Cash | 7,3 € | -93.9% | 120 € | +145% | 49,1 € | -87.4% | 389,6 € | +7.6% | 362,2 € | -57.5% | 852,6 € | +1483% | 53,9 € | -96.5% | 1,6 k € | +417% | 299,9 € | -99.7% | 103,8 k € | +236% | 30,9 k € | +2058% | 1,4 k € | -85.1% | 9,6 k € |
| Debts | 5 k € | +210% | 1,6 k € | -96.9% | 51,5 k € | -1.2% | 52,1 k € | +37.7% | 37,8 k € | +48.9% | 25,4 k € | -44.3% | 45,7 k € | -69.7% | 150,6 k € | +191% | 51,7 k € | +133% | 22,2 k € | -62.0% | 58,4 k € | +102% | 28,9 k € | +23.9% | 23,3 k € |
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 3 ended
Financials
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 | 29/08/2026 | 28/08/2025 | 29/08/2024 | 28/08/2023 | 15/08/2022 | 27/08/2021 |
| General meeting | 28/05/2026 | 29/05/2025 | 30/05/2024 | 25/05/2023 | 26/05/2022 | 27/05/2021 |
| 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
13 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 28/05/2026 | 29/08/2026 | French | |
| Micro model | 31/12/2024 | 29/05/2025 | 28/08/2025 | French | |
| Micro model | 31/12/2023 | 30/05/2024 | 29/08/2024 | French | |
| Micro model | 31/12/2022 | 25/05/2023 | 28/08/2023 | French | |
| Micro model | 31/12/2021 | 26/05/2022 | 15/08/2022 | French | |
| Micro model | 31/12/2020 | 27/05/2021 | 27/08/2021 | French | |
| Micro model | 31/12/2019 | 28/05/2020 | 31/08/2020 | French | |
| Micro model | 31/12/2018 | 30/05/2019 | 30/08/2019 | French | |
| Micro model | 31/12/2017 | 31/05/2018 | 17/07/2018 | French | |
| Micro model | 31/12/2016 | 25/05/2017 | 02/02/2018 | French | |
| Abridged model | 31/12/2015 | 26/05/2016 | 31/08/2016 | French | |
| Abridged model | 31/12/2014 | 28/05/2015 | 27/08/2015 | French | |
| Abridged model | 31/12/2013 | 29/04/2014 | 21/08/2014 | French |
Valuation
Estimate
Indicative valuation
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 · 1 active · 3 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Dissolution03/04/2026RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - DEMISSIONS, NOMINATIONS
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 2025-5,6 k €↓
- 2024Annual accounts 2024-3,6 k €↓
- 2023Annual accounts 202311,3 k €↑
- 2022Annual accounts 2022-930,6 €↑
- 2021Annual accounts 2021-17,8 k €↓
- 2020Annual accounts 2020-8,3 k €↓
- 2019Annual accounts 201913,8 k €↑
- 2018Annual accounts 20188,1 k €↑
- 2017Annual accounts 2017-1,4 k €↓
- 2016Annual accounts 20165,9 k €↑
- 2015Annual accounts 2015-1,3 k €↓
- 2014Annual accounts 20143,8 k €↓
- 2013Annual accounts 20135,2 k €