CRAF
ActiveSummary
CRAF has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €514,154 and a net result of -€58,666. Equity is shrinking by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 73% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-3
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.48 in 2024; short-term debt: 22.6% and cash: 34.6% of total assets), and 22.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€58,666
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-10-2025, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
92 d early
2024
2 d early
2023
96 d early
2022
67 d early
2021
on the day
2020
31 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 42 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 25 November (4 of the last 5 filed years within 65 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€58,666▼ 31.6%
2024 · -€44,565
Working capital
€87,212▲ 20.0%
2024 · €72,697
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€64,011▼ 61.6%-€39,161-€51,104▼ 30.5%-€43,122▲ 15.6%-€57,321▼ 32.9%
Net result€29,043within the sector's middle half▼ 74.0%-€40,833below the sector's middle half-€52,544below the sector's middle half▼ 28.7%-€44,565below the sector's middle half▲ 15.2%-€58,666below the sector's middle half▼ 31.6%
Equity€710,762within the sector's middle half▲ 4.3%€669,928within the sector's middle half▼ 5.7%€617,385above the sector's middle half▼ 7.8%€572,820above the sector's middle half▼ 7.2%€514,154above the sector's middle half▼ 10.2%
Total assets€990,387within the sector's middle half▼ 18.0%€821,622within the sector's middle half▼ 17.0%€767,385above the sector's middle half▼ 6.6%€722,820above the sector's middle half▼ 5.8%€663,882above the sector's middle half▼ 8.2%
Debt€279,625▼ 46.9%€151,694▼ 45.8%€150,000▼ 1.1%€150,000=€149,728▼ 0.2%
Working capital€1,597within the sector's middle half€35,058within the sector's middle half▲ 2,095%€42,599within the sector's middle half▲ 21.5%€72,697within the sector's middle half▲ 70.7%€87,212within the sector's middle half▲ 20.0%
Solvency71.8%within the sector's middle half▲ 15.3pp81.5%above the sector's middle half▲ 9.8pp80.5%above the sector's middle half▼ 1.1pp79.2%within the sector's middle half▼ 1.2pp77.4%within the sector's middle half▼ 1.8pp
Current ratio1.01within the sector's middle half▲ 0.331.23within the sector's middle half▲ 0.231.28within the sector's middle half▲ 0.051.48within the sector's middle half▲ 0.201.58within the sector's middle half▲ 0.10
Return on assets (ROA)2.9%within the sector's middle half▼ 6.3pp-5.0%below the sector's middle half▼ 7.9pp-6.8%below the sector's middle half▼ 1.9pp-6.2%below the sector's middle half▲ 0.7pp-8.8%below the sector's middle half▼ 2.7pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €57,321 in 2025 against €43,122 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €663,882
Fixed assets
€426,941 ▼ 14.6%
Current assets
€236,940 ▲ 6.4%
Equity and liabilities €663,882
Equity
€514,154 ▼ 10.2%
Debt
€149,728 ▼ 0.2%
Debt's share of the balance-sheet total rises from 20.8% to 22.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15,861▼
2024 · €31,541
Cash flow
€14,516▼
2024 · €30,097
Debt to equity
0.29▲
2024 · 0.26
ROE
-11.4%▼
2024 · -7.8%
Interest coverage
11.79▼
2024 · 21.85
Debt ≤ 1 year
€149,728▼
2024 · €150,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,616 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €78,323 | €72,600 | €73,879 | €74,662 | €73,181 | ▼ 2.0% |
| Other operating charges640/8 | - | €10,775 | €10,745 | €12,063 | €12,254 | ▲ 1.6% |
| Gross operating margin9900 | €214,652 | €44,213 | €33,521 | €43,603 | €28,114 | ▼ 35.5% |
| Operating profit (loss)9901 | €64,011 | -€39,161 | -€51,104 | -€43,122 | -€57,321 | ▼ 32.9% |
| Financial income75/76B | - | €3 | €4 | - | - | - |
| Recurring financial income75 | - | €3 | €4 | - | - | - |
| Financial charges65/66B | - | €1,675 | €1,444 | €1,443 | €1,345 | ▼ 6.8% |
| Recurring financial charges65 | €21,420 | €1,675 | €1,444 | €1,443 | €1,345 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €42,591 | -€40,833 | -€52,544 | -€44,565 | -€58,666 | ▼ 31.6% |
| Income taxes67/77 | €13,548 | - | - | - | - | - |
| Profit (loss) for the period9904 | €29,043 | -€40,833 | -€52,544 | -€44,565 | -€58,666 | ▼ 31.6% |
| Profit (loss) for the period to be appropriated9905 | €29,043 | -€40,833 | -€52,544 | -€44,565 | -€58,666 | ▼ 31.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €990,387 | €821,622 | €767,385 | €722,820 | €663,882 | ▼ 8.2% |
| Fixed assets21/28 | €709,164 | €636,564 | €574,785 | €500,123 | €426,941 | ▼ 14.6% |
| Tangible fixed assets22/27 | €708,938 | €636,338 | €574,559 | €499,897 | €426,715 | ▼ 14.6% |
| Land and buildings22 | - | €610,098 | €549,577 | €475,903 | €403,184 | ▼ 15.3% |
| Plant, machinery and equipment23 | - | €2,966 | €1,707 | €718 | €257 | ▼ 64.3% |
| Leasing and similar rights25 | - | €23,275 | €23,275 | €23,275 | €23,275 | = |
| Financial fixed assets28 | €226 | €226 | €226 | €226 | €226 | = |
| Current assets29/58 | €281,223 | €185,058 | €192,599 | €222,697 | €236,940 | ▲ 6.4% |
| Amounts receivable within one year40/41 | €6,458 | €1,038 | €700 | €3,142 | €3,811 | ▲ 21.3% |
| Trade receivables40 | - | €848 | €53 | €3,142 | €3,811 | ▲ 21.3% |
| Other amounts receivable41 | - | €189 | €647 | - | - | - |
| Cash at bank and in hand54/58 | €272,059 | €183,294 | €191,899 | €218,002 | €229,490 | ▲ 5.3% |
| Deferred charges and accrued income490/1 | - | €726 | - | €1,553 | €3,639 | ▲ 134% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €990,387 | €821,622 | €767,385 | €722,820 | €663,882 | ▼ 8.2% |
| Equity10/15 | €710,762 | €669,928 | €617,385 | €572,820 | €514,154 | ▼ 10.2% |
| Contributions10/11 | - | €22,080 | €22,080 | €22,080 | €22,080 | = |
| Reserves13 | €15,874 | €15,874 | €15,874 | €15,874 | €15,874 | = |
| Tax-exempt reserves132 | - | €13,666 | €13,666 | €13,666 | €13,666 | = |
| Distributable reserves133 | - | €2,208 | €2,208 | €2,208 | €2,208 | = |
| Profit (loss) carried forward14 | €672,808 | €631,975 | €579,431 | €534,866 | €476,200 | ▼ 11.0% |
| Amounts payable17/49 | €279,625 | €151,694 | €150,000 | €150,000 | €149,728 | ▼ 0.2% |
| Amounts payable within one year42/48 | €279,625 | €150,000 | €150,000 | €150,000 | €149,728 | ▼ 0.2% |
| Taxes, remuneration and social security45 | - | €150,000 | €150,000 | €150,000 | €149,728 | ▼ 0.2% |
| Taxes450/3 | - | €150,000 | €150,000 | €150,000 | €149,728 | ▼ 0.2% |
| Accrued charges and deferred income492/3 | - | €1,694 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,043 | -€40,833 | -€52,544 | -€44,565 | -€58,666 | ▼ 31.6% |
| + Depreciation and write-downs630 | €78,323 | €72,600 | €73,879 | €74,662 | €73,181 | ▼ 2.0% |
| Operating cash flow (approximation) | €107,366 | €31,767 | €21,335 | €30,097 | €14,516 | ▼ 51.8% |
| Investment in fixed assets (approximation) | - | €0 | -€12,100 | €0 | €0 | - |
| Change in cash | - | -€88,765 | €8,605 | €26,102 | €11,489 | ▼ 56.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet -€58,666
Net result drops to -€58,666, the lowest in the series.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
25-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-04
State Gazette act
General meeting · Director resignation
Director appointment · Board meeting
15-04
State Gazette act
General meeting · Director resignation
Director appointment · Board meeting
14-01
State Gazette act
Board meeting · Director appointment
Permanent representative
13-01
State Gazette act
General meeting · Director resignation
Member resignation · Member admission
13-01
State Gazette act
General meeting · Director resignation
Member resignation · Member admission
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-06
State Gazette act
General meeting · Director resignation
Director appointment · Board composition
27-06
State Gazette act
General meeting · Director resignation
Director appointment · Board composition
2018
04-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
10-09
State Gazette act
General meeting · Member admission
Director appointment · Board composition
10-09
State Gazette act
General meeting · Member admission
Board composition · Director appointment
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
10-07
State Gazette act
General meeting · Member resignation
Director resignation · Board composition
10-07
State Gazette act
General meeting · Member resignation
Director resignation · Director reappointment
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
03-11
State Gazette act
General meeting · Member resignation
Director resignation · Board composition
03-11
State Gazette act
General meeting · Member resignation
Director resignation · Board composition
14-10
State Gazette act
General meeting · Member resignation
Director resignation · Board composition
14-10
State Gazette act
General meeting · Member resignation
Director resignation · Board composition
19-05
State Gazette act
General meeting · Member admission
Director appointment · Board composition
19-05
State Gazette act
General meeting · Member admission
Director appointment · Board composition
2015
12-11
State Gazette act
General meeting · Director appointment
Power of attorney · Financial limit
26-01
State Gazette act
General meeting · Member admission
Director appointment · Director reappointment
22-01
State Gazette act
General meeting · Member resignation
Member admission · Director resignation
2011
29-03
State Gazette act
General meeting · Member resignation
Member admission · Director resignation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1998
Ground area
526 m²
Building footprint
173 m²
Volume, LiDAR
1,886 m³
Parcel 21618B0377/00P005, Brussels · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Boetendaellaan 27, 1180 Ukkel
since 19982.103.107.973
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0377/00P005 | Brussels | 526 m² | 1 · 173 m² | 14.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- EPSYMMO
- CRAF
Highest known parent: EPSYMMO. The sources do not say who stands above it.
Owners 1
- EPSYMMOparentSourceown accounts 30-06-2022100%
Holdings 0
The accounts to 30-06-2022 list no holdings, and no other source names one.
According to the annual accounts to 30-06-2022 of CRAF and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
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Shareholding
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Ownership & control
2 board mandatesSimilar companies · same sector, comparable size
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 34,453 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-12-1997
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
70100Activities of head offices
77225Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462281115
Also
9925:BE0462281115
Registered
25-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.