CRAFTEC
ActiveSummary
CRAFTEC has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €558,981 and a net result of €128,369. Equity is growing by ~23.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-4
Solvency52▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.49 in 2024; short-term debt: 69.2% and cash: 13.9% of total assets), and 73.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
26.8%
Return on assets
6.2%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-07-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 d early
2024
23 d early
2023
1 d early
2022
on the day
2021
on the day
2020
5 d early
2019
9 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 8 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€558,981▲ 13.7%
2024 · €491,542
Total assets
€2.1m▲ 8.6%
2024 · €1.9m
Net result
€128,369▼ 25.2%
2024 · €171,559
Working capital
€407,153▼ 30.4%
2024 · €584,685
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€66,151▼ 40.2%€83,577▲ 26.3%€146,594▲ 75.4%€217,469▲ 48.3%€167,910▼ 22.8%
Net result€51,308within the sector's middle half▼ 41.3%€70,846within the sector's middle half▲ 38.1%€116,513within the sector's middle half▲ 64.5%€171,559above the sector's middle half▲ 47.2%€128,369above the sector's middle half▼ 25.2%
Equity€270,414within the sector's middle half▲ 22.9%€315,330within the sector's middle half▲ 16.6%€380,913within the sector's middle half▲ 20.8%€491,542within the sector's middle half▲ 29.0%€558,981within the sector's middle half▲ 13.7%
Total assets€820,246within the sector's middle half▲ 150%€1.0mwithin the sector's middle half▲ 27.6%€1.4mwithin the sector's middle half▲ 32.0%€1.9mabove the sector's middle half▲ 39.0%€2.1mabove the sector's middle half▲ 8.6%
Debt€549,832▲ 408%€731,252▲ 33.0%€1.0m▲ 36.8%€1.4m▲ 42.8%€1.5m▲ 6.8%
Working capital€428,964within the sector's middle half▲ 109%€462,152within the sector's middle half▲ 7.7%€492,710above the sector's middle half▲ 6.6%€584,685above the sector's middle half▲ 18.7%€407,153within the sector's middle half▼ 30.4%
Solvency33.0%within the sector's middle half▼ 34.0pp30.1%within the sector's middle half▼ 2.8pp27.6%within the sector's middle half▼ 2.6pp25.6%within the sector's middle half▼ 2.0pp26.8%within the sector's middle half▲ 1.2pp
Current ratio2.35within the sector's middle half▼ 0.891.93within the sector's middle half▼ 0.421.64within the sector's middle half▼ 0.291.49within the sector's middle half▼ 0.151.28within the sector's middle half▼ 0.21
Return on assets (ROA)6.3%within the sector's middle half▼ 20.4pp6.8%within the sector's middle half▲ 0.5pp8.4%within the sector's middle half▲ 1.7pp8.9%within the sector's middle half▲ 0.5pp6.2%within the sector's middle half▼ 2.8pp
Staff (FTE)1.2below the sector's middle half2.2below the sector's middle half▲ 83.3%2.7within the sector's middle half▲ 22.7%2.7within the sector's middle half=2.1within the sector's middle half▼ 22.2%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€234,657 ▲ 69.0%
Current assets
€1.9m ▲ 3.9%
Equity and liabilities €2.1m
Equity
€558,981 ▲ 13.7%
Debt
€1.5m ▲ 6.8%
Debt's share of the balance-sheet total falls from 74.4% to 73.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€244,495▼
2024 · €257,256
Cash flow
€204,954▼
2024 · €211,346
Quick ratio
0.47▼
2024 · 0.71
Debt to equity
2.73▼
2024 · 2.91
ROE
23.0%▼
2024 · 34.9%
Interest coverage
93.68▼
2024 · 112.64
Debt ≤ 1 year
€1.4m▲
2024 · €1.2m
Debt > 1 year
€80,000▼
2024 · €230,000
Income taxes
€45,954▼
2024 · €47,431
Staff costs
€151,971▲
2024 · €146,746
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 5,053 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €44,902 | €75,735 | €110,897 | €146,746 | €151,971 | ▲ 3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,536 | €33,959 | €39,008 | €39,787 | €76,585 | ▲ 92.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3,440 | - | - | - |
| Other operating charges640/8 | €1,668 | €2,775 | €2,364 | €3,075 | €2,303 | ▼ 25.1% |
| Gross operating margin9900 | €133,257 | €196,046 | €302,303 | €407,076 | €398,769 | ▼ 2.0% |
| Operating profit (loss)9901 | €66,151 | €83,577 | €146,594 | €217,469 | €167,910 | ▼ 22.8% |
| Financial income75/76B | €3,000 | €4,875 | €2,003 | €3,805 | €9,023 | ▲ 137% |
| Recurring financial income75 | €3,000 | €4,875 | €2,003 | €3,805 | €9,023 | ▲ 137% |
| Financial charges65/66B | €800 | €2,199 | €2,532 | €2,284 | €2,610 | ▲ 14.3% |
| Recurring financial charges65 | €800 | €2,199 | €2,532 | €2,284 | €2,610 | ▲ 14.3% |
| Profit (loss) for the period before taxes9903 | €68,351 | €86,253 | €146,065 | €218,990 | €174,323 | ▼ 20.4% |
| Income taxes67/77 | €17,043 | €15,407 | €29,552 | €47,431 | €45,954 | ▼ 3.1% |
| Profit (loss) for the period9904 | €51,308 | €70,846 | €116,513 | €171,559 | €128,369 | ▼ 25.2% |
| Profit (loss) for the period to be appropriated9905 | €51,308 | €70,846 | €116,513 | €171,559 | €128,369 | ▼ 25.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €820,246 | €1.0m | €1.4m | €1.9m | €2.1m | ▲ 8.6% |
| Fixed assets21/28 | €72,900 | €87,733 | €120,721 | €138,813 | €234,657 | ▲ 69.0% |
| Tangible fixed assets22/27 | €72,265 | €87,098 | €116,586 | €134,678 | €230,474 | ▲ 71.1% |
| Plant, machinery and equipment23 | €25,052 | €26,023 | €32,353 | €76,190 | €140,668 | ▲ 84.6% |
| Furniture and vehicles24 | €47,213 | €61,075 | €84,232 | €58,488 | €89,806 | ▲ 53.5% |
| Financial fixed assets28 | €635 | €635 | €4,135 | €4,135 | €4,183 | ▲ 1.2% |
| Current assets29/58 | €747,346 | €958,849 | €1.3m | €1.8m | €1.9m | ▲ 3.9% |
| Stocks and contracts in progress3 | €281,296 | €535,772 | €909,401 | €932,554 | €1.2m | ▲ 26.3% |
| Stocks30/36 | €199,058 | €313,741 | €385,169 | €42,520 | €54,740 | ▲ 28.7% |
| Contracts in progress37 | €82,238 | €222,031 | €524,232 | €890,034 | €1.1m | ▲ 26.2% |
| Amounts receivable within one year40/41 | €347,148 | €278,973 | €333,001 | €400,550 | €381,704 | ▼ 4.7% |
| Trade receivables40 | €334,217 | €261,262 | €297,571 | €321,729 | €330,887 | ▲ 2.8% |
| Other amounts receivable41 | €12,931 | €17,711 | €35,429 | €78,822 | €50,818 | ▼ 35.5% |
| Cash at bank and in hand54/58 | €114,766 | €139,342 | €14,608 | €442,760 | €289,431 | ▼ 34.6% |
| Deferred charges and accrued income490/1 | €4,136 | €4,762 | €3,618 | €5,244 | €1,394 | ▼ 73.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €820,246 | €1.0m | €1.4m | €1.9m | €2.1m | ▲ 8.6% |
| Equity10/15 | €270,414 | €315,330 | €380,913 | €491,542 | €558,981 | ▲ 13.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Reserves13 | €106,860 | €131,860 | €201,860 | €311,860 | €361,860 | ▲ 16.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | - | - | - |
| Other1319 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | €105,000 | €130,000 | €200,000 | €311,860 | €361,860 | ▲ 16.0% |
| Profit (loss) carried forward14 | €144,954 | €164,870 | €160,453 | €161,082 | €178,521 | ▲ 10.8% |
| Amounts payable17/49 | €549,832 | €731,252 | €1.0m | €1.4m | €1.5m | ▲ 6.8% |
| Amounts payable after more than one year17 | €230,000 | €230,000 | €230,000 | €230,000 | €80,000 | ▼ 65.2% |
| Financial debts170/4 | €230,000 | €230,000 | €230,000 | €230,000 | €80,000 | ▼ 65.2% |
| Amounts payable within one year42/48 | €318,382 | €496,697 | €767,918 | €1.2m | €1.4m | ▲ 20.6% |
| Trade debts44 | €99,877 | €141,792 | €132,544 | €65,218 | €71,298 | ▲ 9.3% |
| Suppliers440/4 | €99,877 | €141,792 | €132,544 | €65,218 | €71,298 | ▲ 9.3% |
| Advances received on contracts in progress46 | €184,100 | €321,922 | €563,257 | €1.1m | €1.3m | ▲ 22.7% |
| Taxes, remuneration and social security45 | €23,475 | €5,899 | €21,187 | - | - | - |
| Taxes450/3 | €23,475 | €5,899 | €20,385 | - | - | - |
| Remuneration and social security454/9 | - | - | €802 | - | - | - |
| Other amounts payable47/48 | €10,930 | €27,084 | €50,930 | €62,432 | €60,930 | ▼ 2.4% |
| Accrued charges and deferred income492/3 | €1,450 | €4,555 | €2,518 | €1,957 | €2,830 | ▲ 44.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,308 | €70,846 | €116,513 | €171,559 | €128,369 | ▼ 25.2% |
| + Depreciation and write-downs630 | €20,536 | €33,959 | €39,008 | €39,787 | €76,585 | ▲ 92.5% |
| Operating cash flow (approximation) | €71,844 | €104,805 | €155,521 | €211,346 | €204,954 | ▼ 3.0% |
| Investment in fixed assets (approximation) | - | -€48,792 | -€71,995 | -€57,879 | -€172,429 | ▼ 198% |
| Change in cash | - | €24,576 | -€124,734 | €428,153 | -€153,330 | ▼ 136% |
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
2026
12-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500,000Eq €558,981 ▲13.7%
8 profitable years in a row build equity to €558,981.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €171,559 ▲47.2%
Operating result €217,469, net result €171,559, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200,000Eq €220,036 ▲38.7%
3 profitable years in a row build equity to €220,036.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €44,690 ▼23.3%
Net result drops to €44,690, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 6.47
Current ratio from 1.86 to 6.47; short-term debt falls from €86,987 to €24,280.
Show earlier events
31-12
Financial
Equity above €150,000Eq €158,589 ▲38.1%
2 profitable years in a row build equity to €158,589.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Wuustwezel · 1 establishment unit since 2008
Ground area
875 m²
Building footprint
183 m²
Volume, LiDAR
1,086 m³
Parcel 11682F0057/00B002, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Craftec
since 20082.168.499.633
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11682F0057/00B002 | Flanders | 875 m² | 1 · 183 m² | 8.9 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 852 EUR awarded · 852 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 262 EUR | 262 EUR |
| 2023 | 1 | 90 EUR | 90 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Similar companies · same sector, comparable size
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BE 0431.492.523
Pepinster · Eq €559,166
P & S Projects
BE 0476.510.916
Ieper · Eq €558,789
HERMANS BART SCHRIJNWERKERIJ
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DE NEEF FENO
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 5,736 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
Founded11-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
47521Retail sale of hardware, building materials, paint and glass (general range)
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
Contact
E-mail
craftec@craftec.be
Phone
036697399
Phone
0495/306825Wuustwezel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894908835
Registered
28-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.