ACTIVE

GRAM

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Financial year 2025 · closed on 30/09/2025
Net result
-33,8 k €
-30.3% YoY
Gross margin
107 k €
-15.9% YoY
Equity
163,7 k €
-17.1% YoY

What does GRAM do?

GRAM is a Private limited company incorporated in 2014. Its main activity is: Manufacture of furniture. Its registered office is in Gent.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0548.790.366
Incorporation
21/03/2014
Legal form
Private limited company
Registered office
Gentstraat 349
9041 Gent · FlandreSee on map
Contributed capital
18 550,00 €
Latest accounts
30/09/2025
Activities (NACE)
31004Manufacture of furniture· main31091Manufacture of other furniture41102Development of building projects68122Buying and selling of own real estate41101Development of building projects43221Plumbing, heat and air-conditioning installation+6
Joint committees (5)
  • 100
  • 126
  • 1260
  • 200
  • 2000
Signals
Solid equityLow riskGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220202019201820172015
Income statement
Gross margin107 k €127,3 k €132,1 k €166 k €55 k €138,9 k €76,1 k €126,9 k €32,9 k €
EBITDA-17,5 k €-12,5 k €19,1 k €94,7 k €37,1 k €110,9 k €59,6 k €102,4 k €31,4 k €
Operating result-33,1 k €-25 k €9,8 k €81,7 k €21,9 k €100,5 k €49,2 k €99,5 k €29,6 k €
Net result-33,8 k €-25,9 k €4,4 k €58,5 k €14,9 k €73,4 k €29,8 k €72,7 k €24,5 k €
Balance sheet
Equity163,7 k €197,5 k €223,4 k €219 k €225,8 k €210,9 k €146,5 k €136,4 k €30,7 k €
Total assets238,7 k €284,6 k €295,3 k €292 k €307,5 k €337,3 k €200,2 k €211,9 k €92,9 k €
Cash123,1 k €182,6 k €186,9 k €223,2 k €145,4 k €175,3 k €81,3 k €83,4 k €18,3 k €
Debts74,3 k €87,1 k €71,8 k €73 k €81,7 k €126,4 k €53,6 k €75,5 k €26,7 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 4 ended

Active mandates

Christian Moreels

Director · since 21 mars 2014

Active
Griet TROCH

Director · since 21 mars 2014

Active

Ended mandates

CHRISTIAN MOREELS

Manager · since 21 mars 2014

Ended
GRIET TROCH

Manager · since 21 mars 2014

Ended
CHRISTIAN MOREELS

Manager · since 18 mars 2014

Ended
GRIET TROCH

Manager · since 18 mars 2014

Ended
At this address

Other companies at this address

CompanyCBE no.
Team Oost● Active
1026.588.414
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date31/03/202604/04/202508/04/202429/03/202331/03/202230/04/2021
General meeting28/03/202629/03/202507/03/202409/03/202331/03/202230/04/2021
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

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202528/03/202631/03/2026DutchPDF
Micro model30/09/202429/03/202504/04/2025DutchPDF
Micro model30/09/202307/03/202408/04/2024DutchPDF
Micro model30/09/202209/03/202329/03/2023DutchPDF
Micro model30/09/202131/03/202231/03/2022DutchPDF
Micro model30/09/202030/04/202130/04/2021DutchPDF
Micro model30/09/201909/03/202031/03/2020DutchPDF
Micro model30/09/201830/03/201930/04/2019DutchPDF
Micro model30/09/201730/03/201803/05/2018DutchPDF
Abridged model30/09/201625/03/201710/04/2017DutchPDF
Abridged model30/09/201526/03/201629/04/2016DutchPDF
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.

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 · 2 active · 4 ended

Active mandates

Christian Moreels

Director · since 21 mars 2014

Active
Griet TROCH

Director · since 21 mars 2014

Active

Ended mandates

CHRISTIAN MOREELS

Manager · since 21 mars 2014

Ended
GRIET TROCH

Manager · since 21 mars 2014

Ended
CHRISTIAN MOREELS

Manager · since 18 mars 2014

Ended
GRIET TROCH

Manager · since 18 mars 2014

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other25/03/2014
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025-33,8 k €↓
  2. 2024
    Annual accounts 2024-25,9 k €↓
  3. 2023
    Annual accounts 20234,4 k €↓
  4. 2022
    Annual accounts 202258,5 k €↑
  5. 2020
    Annual accounts 202014,9 k €↓
  6. 2019
    Annual accounts 201973,4 k €↑
  7. 2018
    Annual accounts 201829,8 k €↓
  8. 2017
    Annual accounts 201772,7 k €↑
  9. 2015
    Annual accounts 201524,5 k €
  10. 21/03/2014
    IncorporationPrivate limited company