ACTIVE

GREYCELLS

Export PDF

Financial year 2024 · closed on 31/12/2024

Net result

15,3 k €

+223.8% YoY

Gross margin

95,4 k €

+10.2% YoY

Equity

151,4 k €

+11.2% YoY

Workforce

1,6 ETP

-20.0% YoY

What does GREYCELLS do?

GREYCELLS is a Private company with limited liability incorporated in 2003. Its main activity is: Retail sale of sporting equipment in specialised stores. Its registered office is in Assesse. It employs on average 1,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0859.907.374

Incorporation

01/08/2003

Legal form

Private company with limited liability

Registered office

Rue du Pourrain 77
5330 Assesse · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2024

Average workforce

1,6 ETP

Activities (NACE)

47640Retail sale of sporting equipment in specialised stores· main 47650Retail sale of games and toys in specialised stores 52489Warehousing and support activities for transportation 62010Computer programming activities 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities+3

Joint committees (2)

Signals

ProfitableGood liquidityPositive 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 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	95,4 k €	+10.2%	86,5 k €	-19.0%	106,8 k €	+36.8%	78,1 k €	+66.9%	46,8 k €	-43.0%	82 k €	-8.7%	89,9 k €	-12.0%	102,1 k €	+14.1%	89,5 k €	-40.6%	150,8 k €	+3.3%	146 k €	-11.8%	165,5 k €	+166%	62,3 k €	-9.2%	68,6 k €	+283%	17,9 k €	-60.9%	45,7 k €	+324%	10,8 k €	-81.7%	59 k €
EBITDA	35,2 k €	+118%	16,1 k €	-55.2%	36 k €	+14.7%	31,4 k €	+71.8%	18,3 k €	-33.4%	27,4 k €	-24.6%	36,4 k €	+1.6%	35,8 k €	+35.4%	26,5 k €	-59.9%	65,9 k €	+23.1%	53,5 k €	-44.7%	96,7 k €	+15553%	-626 €	-102%	37,5 k €	+398%	-12,6 k €	-644%	2,3 k €	+114%	-16,2 k €	-147%	34,6 k €
Operating result	24 k €	+339%	5,5 k €	-78.5%	25,4 k €	+22.1%	20,8 k €	+93.5%	10,8 k €	-40.0%	17,9 k €	-33.7%	27 k €	+12.2%	24,1 k €	+97.8%	12,2 k €	-64.9%	34,7 k €	+72.4%	20,1 k €	-72.9%	74,3 k €	+532%	-17,2 k €	-187%	19,7 k €	+160%	-32,7 k €	-92.4%	-17 k €	+61.4%	-44 k €	-352%	17,5 k €
Net result	15,3 k €	+224%	4,7 k €	-67.7%	14,6 k €	+2.9%	14,2 k €	+165%	5,3 k €	-28.4%	7,5 k €	-23.0%	9,7 k €	+282%	2,5 k €	+25.3%	2 k €	-83.7%	12,4 k €	+118%	5,7 k €	-88.0%	47,5 k €	+259%	-29,9 k €	-1556%	2,1 k €	-36.5%	3,2 k €	+740%	-504,4 €	+91.0%	-5,6 k €	-194%	6 k €
Balance sheet
Equity	151,4 k €	+11.2%	136,1 k €	+3.6%	131,4 k €	+12.5%	116,8 k €	+13.8%	102,7 k €	+5.5%	97,4 k €	+8.3%	89,9 k €	+12.1%	80,2 k €	+3.3%	77,7 k €	+54.6%	50,3 k €	+32.7%	37,9 k €	+17.7%	32,2 k €	+310%	-15,3 k €	-205%	14,6 k €	+16.4%	12,5 k €	+34.7%	9,3 k €	+28.9%	7,2 k €	-43.7%	12,8 k €
Total assets	519,6 k €	-17.2%	627,3 k €	-13.5%	725,3 k €	+15.4%	628,4 k €	-20.3%	788,5 k €	+8.5%	727 k €	-10.4%	811,5 k €	+6.6%	761,1 k €	+19.9%	634,8 k €	+58.4%	400,6 k €	-19.9%	500,4 k €	+29.9%	385,1 k €	+55.2%	248,2 k €	-1.5%	252,1 k €	-27.2%	346,4 k €	+7.8%	321,4 k €	-11.7%	364,1 k €	+7.7%	337,9 k €
Cash	74,7 k €	+118%	34,2 k €	-85.8%	240,3 k €	+129%	105,1 k €	-44.0%	187,6 k €	+107%	90,7 k €	+1534%	5,5 k €	-94.9%	108,1 k €	+18.1%	91,5 k €	+20.4%	76 k €	+7.2%	70,9 k €	+58.0%	44,9 k €	-42.1%	77,5 k €	+33.8%	57,9 k €	+290%	14,8 k €	+118%	6,8 k €	-76.6%	29,1 k €	+22.7%	23,7 k €
Debts	368,2 k €	-25.0%	491,2 k €	-17.3%	593,9 k €	+16.1%	511,5 k €	-25.4%	685,8 k €	+8.9%	629,6 k €	-12.7%	721,6 k €	+6.0%	680,9 k €	+22.2%	557,1 k €	+59.0%	350,4 k €	-24.2%	462,5 k €	+31.0%	352,9 k €	+33.9%	263,5 k €	+10.9%	237,5 k €	-28.9%	333,8 k €	+7.0%	312 k €	-12.5%	356,8 k €	+9.8%	325,1 k €
Other
Workforce	1,6 ETP	-20.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-20.0%	2,5 ETP	+8.7%	2,3 ETP	0.0%	2,3 ETP	0.0%	2,3 ETP	-30.3%	3,3 ETP	0.0%	3,3 ETP	-17.5%	4,0 ETP	+33.3%	3,0 ETP	+150%	1,2 ETP	-14.3%	1,4 ETP	+16.7%	1,2 ETP	+20.0%	1,0 ETP	0.0%	1,0 ETP

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 31/12/2024 · 1 active · 1 ended

Active mandates

David GERVAIS

Manager

Active

Ended mandates

DAVID GERVAIS

Manager · since 29 juillet 2003

Ended

At this address

Other companies at this address

Company	CBE no.
GERVAIS REAL ESTATE● Active	1034.497.971
SUSHI GARDEN● Active	0541.887.530

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/11/2025	31/12/2024	29/12/2023	31/10/2022	30/12/2021	12/11/2020
General meeting	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
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
Abridged model	31/12/2024	30/09/2025	17/11/2025	French	PDF
Abridged model	31/12/2023	30/09/2024	31/12/2024	French	PDF
Abridged model	31/12/2022	30/09/2023	29/12/2023	French	PDF
Abridged model	31/12/2021	30/09/2022	31/10/2022	French	PDF
Abridged model	31/12/2020	30/09/2021	30/12/2021	French	PDF
Abridged model	31/12/2019	30/09/2020	12/11/2020	French	PDF
Abridged model	31/12/2018	15/06/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	16/06/2018	12/02/2019	French	PDF
Abridged model	31/12/2016	17/06/2017	28/12/2017	French	PDF
Abridged model	31/12/2015	18/06/2016	20/07/2017	French	PDF
Abridged model	31/12/2014	20/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	21/06/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	15/06/2013	31/07/2013	French	PDF
Abridged model	31/12/2011	16/06/2012	31/07/2012	French	PDF
Abridged model	31/12/2010	18/06/2011	30/09/2011	French	PDF
Abridged model	31/12/2009	19/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	13/11/2009	23/11/2009	French	PDF
Abridged model	31/12/2007	30/10/2008	03/12/2008	French	PDF
Abridged model	31/12/2006	22/09/2007	24/09/2007	French	PDF
Abridged model	31/12/2005	12/12/2006	26/01/2007	French	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 31/12/2024 · 1 active · 1 ended

Active mandates

David GERVAIS

Manager

Active

Ended mandates

DAVID GERVAIS

Manager · since 29 juillet 2003

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office29/05/2006
SIEGE SOCIAL
PDF
Other08/08/2003
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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

2024
Annual accounts 202415,3 k €↑
2023
Annual accounts 20234,7 k €↓
2022
Annual accounts 202214,6 k €↑
2021
Annual accounts 202114,2 k €↑
2020
Annual accounts 20205,3 k €↓
2019
Annual accounts 20197,5 k €↓
2018
Annual accounts 20189,7 k €↑
2017
Annual accounts 20172,5 k €↑
2016
Annual accounts 20162 k €↓
2014
Annual accounts 201412,4 k €↑
2013
Annual accounts 20135,7 k €↓
2012
Annual accounts 201247,5 k €↑
2011
Annual accounts 2011-29,9 k €↓
2010
Annual accounts 20102,1 k €↓
2009
Annual accounts 20093,2 k €↑
2008
Annual accounts 2008-504,4 €↑
2007
Annual accounts 2007-5,6 k €↓
2006
Annual accounts 20066 k €
01/08/2003
IncorporationPrivate company with limited liability

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

GREYCELLS

Overview

What does GREYCELLS do?

Trend over 18 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