ACTIVE

GRADISON

Export PDF

Financial year 2025 · closed on 30/09/2025

Net result

-12,1 k €

-143.3% YoY

Gross margin

-8,1 k €

-118.9% YoY

Equity

158,3 k €

-7.1% YoY

What does GRADISON do?

GRADISON is a Private limited company incorporated in 2003. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0859.747.523

Incorporation

24/07/2003

Legal form

Private limited company

Registered office

Blookstraat 41
3511 Hasselt · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Signals

Solid equityLow risk

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 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-8,1 k €	-119%	42,5 k €	+320%	10,1 k €	-14.7%	11,9 k €	-37.8%	19,1 k €	-42.0%	33 k €	+0.0%	32,9 k €	+38.3%	23,8 k €	-34.8%	36,5 k €	+15.1%	31,7 k €	-1.4%	32,2 k €	+2.5%	31,4 k €	-2.0%	32,1 k €	-1.6%	32,6 k €	+0.6%	32,4 k €	+2.5%	31,6 k €	-5.1%	33,3 k €	+4.7%	31,8 k €	-1.2%	32,2 k €	+0.3%	32,1 k €
EBITDA	-11,6 k €	-130%	39 k €	+473%	6,8 k €	-22.7%	8,8 k €	-45.2%	16,1 k €	-46.4%	30 k €	-0.4%	30,1 k €	+43.1%	21,1 k €	-37.7%	33,8 k €	+16.6%	29 k €	-1.8%	29,5 k €	+2.7%	28,8 k €	-2.5%	29,5 k €	-2.0%	30,1 k €	+0.5%	30 k €	+2.5%	29,2 k €	-5.5%	30,9 k €	+4.7%	29,5 k €	-1.9%	30,1 k €	+0.2%	30 k €
Operating result	-11,6 k €	-130%	39 k €	+891%	-4,9 k €	-68.5%	-2,9 k €	-167%	4,4 k €	-76.2%	18,3 k €	+1.6%	18 k €	+102%	8,9 k €	-58.9%	21,7 k €	+28.6%	16,9 k €	-3.1%	17,4 k €	+4.7%	16,6 k €	+12.8%	14,7 k €	-1.6%	15 k €	+0.9%	14,8 k €	+5.3%	14,1 k €	-14.8%	16,6 k €	+11.5%	14,9 k €	-3.7%	15,4 k €	+0.5%	15,4 k €
Net result	-12,1 k €	-143%	27,8 k €	+629%	-5,3 k €	-67.1%	-3,1 k €	-213%	2,8 k €	-75.1%	11,2 k €	+1.4%	11,1 k €	+108%	5,3 k €	-63.2%	14,4 k €	+28.1%	11,3 k €	-1.9%	11,5 k €	+9.4%	10,5 k €	+26.4%	8,3 k €	+3.9%	8 k €	+7.0%	7,5 k €	+13.6%	6,6 k €	-11.4%	7,4 k €	+29.6%	5,7 k €	+3.9%	5,5 k €	+35.4%	4,1 k €
Balance sheet
Equity	158,3 k €	-7.1%	170,4 k €	+19.5%	142,6 k €	-3.6%	147,8 k €	-2.1%	151 k €	+1.9%	148,2 k €	+8.2%	137 k €	+8.8%	125,9 k €	-23.2%	164 k €	+9.7%	149,6 k €	+8.1%	138,3 k €	+9.1%	126,8 k €	+9.0%	116,3 k €	+7.7%	108 k €	+8.0%	100 k €	+8.1%	92,5 k €	+7.7%	85,9 k €	+9.5%	78,5 k €	+7.9%	72,8 k €	+8.2%	67,2 k €
Total assets	158,7 k €	-14.0%	184,7 k €	+27.3%	145 k €	-2.1%	148,2 k €	-2.3%	151,6 k €	-4.0%	157,9 k €	+8.1%	146,1 k €	+12.2%	130,2 k €	-30.3%	186,9 k €	-0.7%	188,1 k €	-0.8%	189,7 k €	-1.9%	193,3 k €	-5.1%	203,6 k €	-3.2%	210,4 k €	-3.2%	217,4 k €	-3.3%	224,7 k €	-4.1%	234,4 k €	-3.0%	241,6 k €	-3.9%	251,3 k €	-4.0%	261,8 k €
Cash	58,7 k €	-58.5%	141,5 k €	+18.0%	120 k €	+7.7%	111,4 k €	+13.5%	98,2 k €	+0.5%	97,7 k €	+36.2%	71,7 k €	+55.7%	46 k €	-45.6%	84,6 k €	+17.6%	71,9 k €	+13.1%	63,6 k €	+15.5%	55,1 k €	-5.5%	58,3 k €	+15.9%	50,3 k €	+19.2%	42,2 k €	+22.7%	34,4 k €	+1.4%	34 k €	+26.8%	26,8 k €	+37.3%	19,5 k €	+22.4%	15,9 k €
Debts	–		13,9 k €	+555%	2,1 k €		–		626,7 €	-93.6%	9,7 k €	+6.8%	9,1 k €	+113%	4,3 k €	-81.3%	22,9 k €	-40.7%	38,5 k €	-25.0%	51,4 k €	-22.7%	66,5 k €	-23.9%	87,3 k €	-14.7%	102,4 k €	-12.8%	117,4 k €	-11.2%	132,2 k €	-10.9%	148,5 k €	-9.0%	163,1 k €	-8.6%	178,6 k €	-8.2%	194,6 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 · 1 active · 19 ended

Active mandates

Sonya KARMANE

Director

Active

Ended mandates

Latifa Karmane

Director · since 21 décembre 2017 · until 07 avril 2021

Ended

Latifa Karmane

Director · since 21 décembre 2017

Ended

Latifa Karmane

Manager · since 21 décembre 2017

Ended

Sonya Karmane

Director · since 21 décembre 2017

Ended

At this address

Other companies at this address

Company	CBE no.
KARMANE● Active	0862.357.417

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/03/2026	17/03/2025	11/03/2024	13/03/2023	21/03/2022	15/03/2021
General meeting	13/03/2026	14/03/2025	08/03/2024	10/03/2023	11/03/2022	12/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	13/03/2026	16/03/2026	Dutch	PDF
Micro model	30/09/2024	14/03/2025	17/03/2025	Dutch	PDF
Micro model	30/09/2023	08/03/2024	11/03/2024	Dutch	PDF
Micro model	30/09/2022	10/03/2023	13/03/2023	Dutch	PDF
Micro model	30/09/2021	11/03/2022	21/03/2022	Dutch	PDF
Micro model	30/09/2020	12/03/2021	15/03/2021	Dutch	PDF
Micro model	30/09/2019	13/03/2020	30/03/2020	Dutch	PDF
Micro model	30/09/2018	08/03/2019	02/04/2019	Dutch	PDF
Micro model	30/09/2017	09/03/2018	20/03/2018	Dutch	PDF
Abridged model	30/09/2016	10/03/2017	14/03/2017	Dutch	PDF
Abridged model	30/09/2015	11/03/2016	15/03/2016	Dutch	PDF
Abridged model	30/09/2014	13/03/2015	25/03/2015	Dutch	PDF
Abridged model	30/09/2013	14/03/2014	17/03/2014	Dutch	PDF
Abridged model	30/09/2012	08/03/2013	02/04/2013	Dutch	PDF
Abridged model	30/09/2011	09/03/2012	12/03/2012	Dutch	PDF
Abridged model	30/09/2010	11/03/2011	24/03/2011	Dutch	PDF
Abridged model	30/09/2009	12/03/2010	16/03/2010	Dutch	PDF
Abridged model	30/09/2008	13/03/2009	07/04/2009	Dutch	PDF
Abridged model	30/09/2007	14/03/2008	14/04/2008	Dutch	PDF
Abridged model	30/09/2006	09/03/2007	10/04/2007	Dutch	PDF

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 · 1 active · 19 ended

Active mandates

Sonya KARMANE

Director

Active

Ended mandates

Latifa Karmane

Director · since 21 décembre 2017 · until 07 avril 2021

Ended

Latifa Karmane

Director · since 21 décembre 2017

Ended

Latifa Karmane

Manager · since 21 décembre 2017

Ended

Sonya Karmane

Director · since 21 décembre 2017

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office04/12/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/01/2018
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates25/04/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/05/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/05/2006
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/09/2003
ONTSLAGEN - BENOEMINGEN
PDF
Other31/07/2003
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

2025
Annual accounts 2025-12,1 k €↓
2024
Annual accounts 202427,8 k €↑
2023
Annual accounts 2023-5,3 k €↓
2022
Annual accounts 2022-3,1 k €↓
2021
Annual accounts 20212,8 k €↓
2020
Annual accounts 202011,2 k €↑
2019
Annual accounts 201911,1 k €↑
2018
Annual accounts 20185,3 k €↓
2017
Annual accounts 201714,4 k €↑
2016
Annual accounts 201611,3 k €↓
2015
Annual accounts 201511,5 k €↑
2014
Annual accounts 201410,5 k €↑
2013
Annual accounts 20138,3 k €↑
2012
Annual accounts 20128 k €↑
2011
Annual accounts 20117,5 k €↑
2010
Annual accounts 20106,6 k €↓
2009
Annual accounts 20097,4 k €↑
2008
Annual accounts 20085,7 k €↑
2007
Annual accounts 20075,5 k €↑
2006
Annual accounts 20064,1 k €
24/07/2003
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

GRADISON

Overview

What does GRADISON do?

Trend over 20 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