ACTIVE

GREYBOX ARCHITECTURE

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

2,9 k €

+6.8% YoY

Gross margin

25,6 k €

-50.5% YoY

Equity

28,6 k €

-64.6% YoY

What does GREYBOX ARCHITECTURE do?

GREYBOX ARCHITECTURE is a Private limited company incorporated in 2009. Its main activity is: Architectural activities. Its registered office is in Verviers.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0819.530.531

Incorporation

12/10/2009

Legal form

Private limited company

Registered office

Avenue du Chêne 134 box 2
4802 Verviers · WallonieSee on map

Contributed capital

1 667,92 €

Latest accounts

31/12/2025

Activities (NACE)

71111Architectural activities· main 71111Architectural activities

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	25,6 k €	-50.5%	51,8 k €	-37.0%	82,1 k €	-33.9%	124,3 k €	+21.0%	102,7 k €	-43.1%	180,5 k €	+144%	74 k €	+120%	33,6 k €	+25.5%	26,8 k €	-50.3%	53,9 k €	+217%	17 k €	+11.1%	15,3 k €	-25.6%	20,6 k €	+36.9%	15 k €
EBITDA	11,2 k €	-53.4%	24,1 k €	+23.9%	19,4 k €	-54.6%	42,8 k €	+202%	14,2 k €	-92.1%	180,1 k €	+146%	73,2 k €	+123%	32,8 k €	+27.3%	25,8 k €	-51.3%	53 k €	+238%	15,7 k €	+7.5%	14,6 k €	-21.0%	18,4 k €	+29.1%	14,3 k €
Operating result	4,9 k €	-33.3%	7,4 k €	+13.9%	6,5 k €	-78.7%	30,3 k €	+270%	8,2 k €	-95.2%	169,5 k €	+194%	57,6 k €	+259%	16,1 k €	+60.5%	10 k €	-76.5%	42,6 k €	+699%	5,3 k €	+18.1%	4,5 k €	-52.6%	9,5 k €	-30.1%	13,6 k €
Net result	2,9 k €	+6.8%	2,7 k €	+29.3%	2,1 k €	-88.7%	18,8 k €	+347%	4,2 k €	-96.3%	113,2 k €	+255%	31,9 k €	+333%	7,4 k €	+102%	3,7 k €	-85.3%	24,9 k €	+8377%	293,5 €	-73.2%	1,1 k €	-79.3%	5,3 k €	-33.6%	8 k €
Balance sheet
Equity	28,6 k €	-64.6%	80,7 k €	-18.0%	98,4 k €	-6.7%	105,5 k €	+21.7%	86,7 k €	-40.6%	146 k €	+148%	58,9 k €	+92.1%	30,7 k €	+31.7%	23,3 k €	-52.3%	48,9 k €	+104%	24 k €	+1.2%	23,7 k €	+21.1%	19,6 k €	+37.1%	14,3 k €
Total assets	317,4 k €	-37.9%	511,3 k €	+32.0%	387,3 k €	-31.8%	568 k €	+50.1%	378,3 k €	-30.9%	547,1 k €	+99.4%	274,3 k €	+8.4%	253,1 k €	+37.1%	184,6 k €	-18.8%	227,4 k €	+196%	76,7 k €	-0.3%	76,9 k €	+9.9%	70 k €	+56.1%	44,8 k €
Cash	20,8 k €	-77.6%	92,7 k €	+27.2%	72,9 k €	-61.9%	191,4 k €	+800%	21,3 k €	-80.3%	108,2 k €	+85.7%	58,3 k €	+11.3%	52,4 k €	+38.3%	37,9 k €	-64.1%	105,4 k €	+425%	20,1 k €	-14.4%	23,5 k €	+83.6%	12,8 k €	+358%	2,8 k €
Debts	288,8 k €	-32.1%	425,6 k €	+47.3%	288,8 k €	-37.5%	462,4 k €	+58.6%	291,5 k €	-27.3%	401,1 k €	+86.2%	215,4 k €	-3.2%	222,4 k €	+37.9%	161,3 k €	-9.6%	178,5 k €	+239%	52,7 k €	-1.0%	53,2 k €	+5.6%	50,4 k €	+65.0%	30,6 k €
Other
Workforce	–		–		–		1,8 ETP	-10.0%	2,0 ETP		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 14 ended

Active mandates

David Edelberg

Director · since 01 janvier 2018

Active

Ended mandates

DAVID EDELBERG

Director · since 23 janvier 2018

Ended

DAVID EDELBERG

Manager · since 23 janvier 2018

Ended

David EDELBERG

Manager · since 01 janvier 2018

Ended

Olivier GILLET

Manager · since 01 février 2016

Ended

At this address

Other companies at this address

Company	CBE no.
PACE SOCIETY● Active	1039.716.670
TRANSVAAL PATRIMONIUM● Active	1006.327.686
UPSTATE● Active	0729.811.469

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged 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	23/06/2026	27/06/2025	25/06/2024	29/08/2023	29/08/2022	23/08/2021
General meeting	09/06/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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 days

Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	09/06/2026	23/06/2026	French	PDF
Micro model	31/12/2024	16/05/2025	27/06/2025	French	PDF
Micro model	31/12/2023	17/05/2024	25/06/2024	French	PDF
Abridged model	31/12/2022	19/05/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	20/05/2022	29/08/2022	French	PDF
Micro model	31/12/2020	21/05/2021	23/08/2021	French	PDF
Micro model	31/12/2019	15/05/2020	01/09/2020	French	PDF
Micro model	31/12/2018	17/05/2019	23/08/2019	French	PDF
Abridged model	31/12/2017	18/05/2018	10/07/2018	French	PDF
Abridged model	31/12/2016	19/05/2017	08/08/2017	French	PDF
Abridged model	31/12/2015	20/05/2016	10/08/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	02/07/2015	French	PDF
Abridged model	31/12/2013	16/05/2014	01/08/2014	French	PDF
Abridged model	31/12/2012	17/05/2013	22/08/2013	French	PDF
Abridged model	31/12/2011	18/05/2012	05/07/2012	French	PDF
Abridged model	31/12/2010	20/05/2011	26/08/2011	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 1 active · 14 ended

Active mandates

David Edelberg

Director · since 01 janvier 2018

Active

Ended mandates

DAVID EDELBERG

Director · since 23 janvier 2018

Ended

DAVID EDELBERG

Manager · since 23 janvier 2018

Ended

David EDELBERG

Manager · since 01 janvier 2018

Ended

Olivier GILLET

Manager · since 01 février 2016

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office25/11/2025
SIEGE SOCIAL
PDF
Mandates10/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates15/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates05/05/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates12/03/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates09/01/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates04/05/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates28/02/2013
CAPITAL, ACTIONS - 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

2025
Annual accounts 20252,9 k €↑
2024
Annual accounts 20242,7 k €↑
2023
Annual accounts 20232,1 k €↓
2023
Name changeGREYBOX ARCHITECTURE
2022
Annual accounts 202218,8 k €↑
2021
Annual accounts 20214,2 k €↓
2018
Annual accounts 2018113,2 k €↑
2017
Annual accounts 201731,9 k €↑
2016
Annual accounts 20167,4 k €↑
2015
Annual accounts 20153,7 k €↓
2014
Annual accounts 201424,9 k €↑
2013
Annual accounts 2013293,5 €↓
2012
Annual accounts 20121,1 k €↓
2011
Annual accounts 20115,3 k €↓
2010
Annual accounts 20108 k €
2010
Name changeSociété civile d'Architecture Greybox
12/10/2009
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GREYBOX ARCHITECTURE

Overview

What does GREYBOX ARCHITECTURE do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline