ACTIVE

GRINE

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Financial year 2025 · closed on 31/12/2025

Net result

28,1 k €

-52.7% YoY

Gross margin

283,9 k €

-10.5% YoY

Equity

343,4 k €

+8.9% YoY

What does GRINE do?

GRINE is a Private company with limited liability incorporated in 2008. Its main activity is: Retail sale of food, beverages and tobacco in specialised stores. Its registered office is in Tournai.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0896.527.646

Incorporation

18/03/2008

Legal form

Private company with limited liability

Registered office

Avenue de Maire(TOU) 101
7500 Tournai · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

47279Retail sale of food, beverages and tobacco in specialised stores· main 47299Other retail sale of food in specialised stores 46389Wholesale of other food, including fish, crustaceans and molluscs 46389Wholesale of other food, including fish, crustaceans and molluscs

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2010		2009		2008
Income statement
Gross margin	283,9 k €	-10.5%	317,3 k €	+24.6%	254,7 k €	-21.8%	325,7 k €	-17.2%	393,3 k €	+65.6%	237,5 k €	-23.1%	308,8 k €	+46.7%	210,5 k €	+23.1%	171 k €	-2.0%	174,5 k €	+18.0%	147,9 k €	-2.6%	151,9 k €	+150%	60,7 k €	+67.0%	36,4 k €	+420%	7 k €
EBITDA	64,7 k €	-42.9%	113,2 k €	+59.6%	71 k €	-49.9%	141,6 k €	-42.3%	245,5 k €	+211%	79 k €	-21.2%	100,3 k €	+680%	12,9 k €	-53.9%	27,9 k €	-58.1%	66,7 k €	+86.4%	35,8 k €	-37.2%	56,9 k €	+371%	12,1 k €	+3633%	-342,3 €	+81.2%	-1,8 k €
Operating result	35,9 k €	-55.8%	81,2 k €	+205%	26,7 k €	-68.3%	84,3 k €	-53.6%	181,5 k €	+1007%	16,4 k €	-56.7%	37,9 k €	+188%	-43 k €	-537%	-6,8 k €	-117%	39 k €	+424%	7,4 k €	+759%	-1,1 k €	-152%	2,2 k €	+132%	-6,9 k €	+1.2%	-7 k €
Net result	28,1 k €	-52.7%	59,5 k €	+164%	22,6 k €	-55.2%	50,4 k €	-62.6%	134,6 k €	+734%	16,1 k €	-38.8%	26,4 k €	+154%	-49 k €	-235%	-14,6 k €	-162%	23,5 k €	+10019%	232,2 €	+102%	-12 k €	-415%	3,8 k €	+178%	-4,9 k €	+13.4%	-5,6 k €
Balance sheet
Equity	343,4 k €	+8.9%	315,3 k €	+27.9%	246,5 k €	+10.1%	223,9 k €	+29.0%	173,5 k €	+346%	38,9 k €	+342%	8,8 k €	+150%	-17,6 k €	-156%	31,5 k €	-31.7%	46,1 k €	+104%	22,6 k €	-8.6%	24,7 k €	+107%	11,9 k €	+46.9%	8,1 k €	-37.5%	13 k €
Total assets	413,3 k €	-6.5%	442,3 k €	+10.4%	400,6 k €	-0.5%	402,5 k €	-31.3%	585,9 k €	+19.0%	492,5 k €	-3.9%	512,5 k €	-4.0%	534 k €	+26.1%	423,6 k €	+9.3%	387,4 k €	-1.1%	391,9 k €	-13.5%	452,8 k €	+219%	142,1 k €	+8.9%	130,5 k €	-5.2%	137,6 k €
Cash	128,5 k €	+3.3%	124,4 k €	+72.2%	72,3 k €	-0.3%	72,5 k €	-18.6%	89 k €	+169%	33,2 k €	-6.3%	35,4 k €	-40.5%	59,5 k €	-8.1%	64,8 k €	+22.3%	52,9 k €	+7.1%	49,5 k €	+13.1%	43,7 k €	+122%	19,7 k €	+81.7%	10,8 k €	-28.2%	15,1 k €
Debts	69,9 k €	-44.9%	127 k €	-14.3%	148,1 k €	-14.4%	173 k €	-58.0%	412,4 k €	-9.1%	453,6 k €	-9.9%	503,7 k €	-8.7%	551,6 k €	+40.7%	392,1 k €	+14.9%	341,3 k €	-7.6%	369,3 k €	-13.7%	427,8 k €	+229%	130,2 k €	+6.4%	122,3 k €	-1.8%	124,6 k €
Other
Workforce	–		–		–		5,7 ETP		–		5,4 ETP		–		6,9 ETP		–		3,8 ETP	+22.6%	3,1 ETP	+3.3%	3,0 ETP		–		2,0 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Jérôme Windal

Manager · since 17 mars 2008

Active

Ended mandates

Jérôme Windal

Director

Ended

Jérôme Windal

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ENTREPRISE SODECA - PEINTURE ET DECORATION● Active	0465.423.816
Kcal7● Bankrupt	0823.504.165

Annual accounts

Full financial information

	2025	2024	2022	2021	2020	2019
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2025	31/12/2024	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	08/07/2026	13/02/2026	11/04/2024	28/08/2022	13/12/2021	30/10/2020
General meeting	19/05/2026	08/05/2025	12/06/2023	12/05/2022	14/05/2021	30/10/2020
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

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	19/05/2026	08/07/2026	French	PDF
Abridged model	31/12/2024	08/05/2025	13/02/2026	French	PDF
Abridged model	31/12/2022	12/06/2023	11/04/2024	French	PDF
Abridged model	31/12/2021	12/05/2022	28/08/2022	French	PDF
Abridged model	31/12/2020	14/05/2021	13/12/2021	French	PDF
Abridged model	31/12/2019	30/10/2020	30/10/2020	French	PDF
Micro model	31/12/2018	09/05/2019	31/08/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	22/06/2018	French	PDF
Micro model	31/12/2016	11/05/2017	29/09/2017	French	PDF
Abridged model	31/12/2015	12/05/2016	14/09/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	10/03/2016	French	PDF
Abridged model	31/12/2012	10/05/2013	05/08/2013	French	PDF
Abridged model	31/12/2010	03/06/2011	04/08/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	16/08/2010	French	PDF
Abridged model	31/12/2008	16/06/2009	18/06/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 · 2 ended

Active mandates

Jérôme Windal

Manager · since 17 mars 2008

Active

Ended mandates

Jérôme Windal

Director

Ended

Jérôme Windal

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other31/03/2008
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

2025
Annual accounts 202528,1 k €↓
2024
Annual accounts 202459,5 k €↑
2022
Annual accounts 202222,6 k €↓
2021
Annual accounts 202150,4 k €↓
2020
Annual accounts 2020134,6 k €↑
2019
Annual accounts 201916,1 k €↓
2018
Annual accounts 201826,4 k €↑
2017
Annual accounts 2017-49 k €↓
2016
Annual accounts 2016-14,6 k €↓
2015
Annual accounts 201523,5 k €↑
2014
Annual accounts 2014232,2 €↑
2012
Annual accounts 2012-12 k €↓
2010
Annual accounts 20103,8 k €↑
2009
Annual accounts 2009-4,9 k €↑
2008
Annual accounts 2008-5,6 k €
18/03/2008
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

GRINE

Overview

What does GRINE do?

Trend over 15 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