CRAFTO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 19 filings
Turnover
≈ €20,000
Estimated: probably between €11,000 and €51,000
Total assets
€49,834▲ 6.0%
2024 · €47,005
Net result
€3,382▼ 15.0%
2024 · €3,980
Working capital
€45,908▲ 9.0%
2024 · €42,127
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€4,550
▼ 27.0%
2025
20192025
Net result
€3,382
▼ 15.0%
2025
middle half of the sector
20192025
Equity
€46,467
▲ 7.8%
2025
middle half of the sector
20192025
Total assets
€49,834
▲ 6.0%
2025
lowest quarter of the sector
20192025
Debt
€3,367
▼ 14.1%
2025
20192025
Working capital
€45,908
▲ 9.0%
2025
middle half of the sector
20192025
Solvency
93.2%
▲ 1.6pp
2025
highest quarter of the sector
20192025
Current ratio
14.63
▲ 2.89
2025
highest quarter of the sector
20192025
Return on assets (ROA)
6.8%
▼ 1.7pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€8,938-€3,880▼ 56.6%€1,590▼ 59.0%€961▼ 39.6%€2,157▲ 124%€6,237▲ 189%€4,550▼ 27.0%
Net result€6,238-€2,303within the sector's middle half▼ 63.1%€399within the sector's middle half▼ 82.7%€19within the sector's middle half▼ 95.2%€727within the sector's middle half▲ 38×€3,980within the sector's middle half▲ 447%€3,382within the sector's middle half▼ 15.0%
Equity€35,657-€37,960within the sector's middle half▲ 6.5%€38,359within the sector's middle half▲ 1.1%€38,378within the sector's middle half=€39,105within the sector's middle half▲ 1.9%€43,085within the sector's middle half▲ 10.2%€46,467within the sector's middle half▲ 7.8%
Total assets€43,777-€50,064below the sector's middle half▲ 14.4%€44,024below the sector's middle half▼ 12.1%€42,582below the sector's middle half▼ 3.3%€43,018below the sector's middle half▲ 1.0%€47,005below the sector's middle half▲ 9.3%€49,834below the sector's middle half▲ 6.0%
Debt€8,120-€12,104▲ 49.1%€5,665▼ 53.2%€4,204▼ 25.8%€3,913▼ 6.9%€3,920▲ 0.2%€3,367▼ 14.1%
Working capital€28,865-€32,007within the sector's middle half▲ 10.9%€34,319within the sector's middle half▲ 7.2%€34,495within the sector's middle half▲ 0.5%€37,533within the sector's middle half▲ 8.8%€42,127within the sector's middle half▲ 12.2%€45,908within the sector's middle half▲ 9.0%
Solvency81.5%-75.8%above the sector's middle half▼ 5.6pp87.1%above the sector's middle half▲ 11.3pp90.1%above the sector's middle half▲ 3.0pp90.9%above the sector's middle half▲ 0.8pp91.7%above the sector's middle half▲ 0.8pp93.2%above the sector's middle half▲ 1.6pp
Current ratio4.55-3.64above the sector's middle half▼ 0.917.06above the sector's middle half▲ 3.419.21above the sector's middle half▲ 2.1510.59above the sector's middle half▲ 1.3911.75above the sector's middle half▲ 1.1514.63above the sector's middle half▲ 2.89
Return on assets (ROA)14.2%-4.6%within the sector's middle half▼ 9.6pp0.9%within the sector's middle half▼ 3.7pp0.0%within the sector's middle half▼ 0.9pp1.7%within the sector's middle half▲ 1.6pp8.5%above the sector's middle half▲ 6.8pp6.8%within the sector's middle half▼ 1.7pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 27% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49,834
Fixed assets
€559 ▼ 41.6%
Current assets
€49,275 ▲ 7.0%
Equity and liabilities €49,834
Equity
€46,467 ▲ 7.8%
Debt
€3,367 ▼ 14.1%
Debt's share of the balance-sheet total falls from 8.3% to 6.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4,949▼
2024 · €6,851
Cash flow
€3,781▼
2024 · €4,594
Quick ratio
14.26▲
2024 · 11.43
Debt to equity
0.07▼
2024 · 0.09
ROE
7.3%▼
2024 · 9.2%
Interest coverage
88.38▲
2024 · 57.57
Debt ≤ 1 year
€3,367▼
2024 · €3,920
Income taxes
€1,782▼
2024 · €2,188
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1,994 | - | - | - |
| Depreciation and write-downs of the year | €2,151 | €2,311 | €614 | €399 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,698 | €1,913 | €1,913 | €2,151 | €2,311 | €614 | €399 | ▼ 35.0% |
| Other operating charges640/8 | - | - | - | €184 | €946 | €178 | €255 | ▲ 43.3% |
| Gross operating margin9900 | €11,005 | €5,967 | €3,919 | €3,296 | €5,414 | €7,029 | €5,204 | ▼ 26.0% |
| Operating profit (loss)9901 | €8,938 | €3,880 | €1,590 | €961 | €2,157 | €6,237 | €4,550 | ▼ 27.0% |
| Financial income75/76B | - | - | - | €18 | €10 | €50 | €670 | ▲ 13× |
| Recurring financial income75 | €59 | €38 | €53 | €18 | €10 | €50 | €670 | ▲ 13× |
| Financial charges65/66B | - | - | - | €153 | €161 | €119 | €56 | ▼ 52.9% |
| Recurring financial charges65 | €143 | €159 | €71 | €153 | €161 | €119 | €56 | ▼ 52.9% |
| Profit (loss) for the period before taxes9903 | €8,854 | €3,759 | €1,572 | €826 | €2,006 | €6,168 | €5,164 | ▼ 16.3% |
| Income taxes67/77 | €2,616 | €1,456 | €1,173 | €807 | €1,279 | €2,188 | €1,782 | ▼ 18.6% |
| Profit (loss) for the period9904 | €6,238 | €2,303 | €399 | €19 | €727 | €3,980 | €3,382 | ▼ 15.0% |
| Profit (loss) for the period to be appropriated9905 | €6,238 | €2,303 | €399 | €19 | €727 | €3,980 | €3,382 | ▼ 15.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €43,777 | €50,064 | €44,024 | €42,582 | €43,018 | €47,005 | €49,834 | ▲ 6.0% |
| Fixed assets21/28 | €6,792 | €5,953 | €4,040 | €3,883 | €1,572 | €958 | €559 | ▼ 41.6% |
| Tangible fixed assets22/27 | €6,792 | €5,953 | €4,040 | €3,883 | €1,572 | €958 | €559 | ▼ 41.6% |
| Plant, machinery and equipment23 | - | - | - | €1,756 | €1,357 | €958 | €559 | ▼ 41.6% |
| Furniture and vehicles24 | - | - | - | €2,127 | €215 | - | - | - |
| Current assets29/58 | €36,985 | €44,111 | €39,984 | €38,699 | €41,446 | €46,047 | €49,275 | ▲ 7.0% |
| Stocks and contracts in progress3 | €1,250 | €1,250 | €1,250 | €1,250 | €1,250 | €1,250 | €1,250 | = |
| Stocks30/36 | - | - | - | €1,250 | €1,250 | €1,250 | €1,250 | = |
| Amounts receivable within one year40/41 | €35,579 | €42,098 | €35,851 | €37,266 | €39,181 | €40,752 | €35,222 | ▼ 13.6% |
| Trade receivables40 | - | - | - | €677 | €1,910 | €3,505 | €143 | ▼ 95.9% |
| Other amounts receivable41 | - | - | - | €36,589 | €37,271 | €37,247 | €35,079 | ▼ 5.8% |
| Cash at bank and in hand54/58 | €156 | €763 | €2,883 | €183 | €1,015 | €4,045 | €12,803 | ▲ 217% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €43,777 | €50,064 | €44,024 | €42,582 | €43,018 | €47,005 | €49,834 | ▲ 6.0% |
| Equity10/15 | €35,657 | €37,960 | €38,359 | €38,378 | €39,105 | €43,085 | €46,467 | ▲ 7.8% |
| Contributions10/11 | €30,000 | - | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €5,657 | €7,960 | €8,359 | €8,378 | €9,105 | €13,085 | €16,467 | ▲ 25.8% |
| Non-distributable reserves130/1 | - | - | - | €1,655 | €1,655 | €1,655 | €1,655 | = |
| Reserves not available under the articles1311 | - | - | - | €1,655 | €1,655 | €1,655 | €1,655 | = |
| Distributable reserves133 | - | - | - | €6,723 | €7,450 | €11,430 | €14,812 | ▲ 29.6% |
| Amounts payable17/49 | €8,120 | €12,104 | €5,665 | €4,204 | €3,913 | €3,920 | €3,367 | ▼ 14.1% |
| Amounts payable within one year42/48 | €8,120 | €12,104 | €5,665 | €4,204 | €3,913 | €3,920 | €3,367 | ▼ 14.1% |
| Trade debts44 | €5,562 | €9,130 | €4,509 | €3,397 | €2,634 | €1,732 | €1,585 | ▼ 8.5% |
| Suppliers440/4 | - | - | - | €3,397 | €2,634 | €1,732 | €1,585 | ▼ 8.5% |
| Taxes, remuneration and social security45 | - | - | - | €807 | €1,279 | €2,188 | €1,782 | ▼ 18.6% |
| Taxes450/3 | - | - | - | €807 | €1,279 | €2,188 | €1,782 | ▼ 18.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,238 | €2,303 | €399 | €19 | €727 | €3,980 | €3,382 | ▼ 15.0% |
| + Depreciation and write-downs630 | €1,698 | €1,913 | €1,913 | €2,151 | €2,311 | €614 | €399 | ▼ 35.0% |
| Operating cash flow (approximation) | €7,936 | €4,216 | €2,312 | €2,170 | €3,038 | €4,594 | €3,781 | ▼ 17.7% |
| Investment in fixed assets (approximation) | - | -€1,074 | €0 | -€1,994 | €0 | €0 | €0 | - |
| Change in cash | - | €607 | €2,120 | -€2,700 | €832 | €3,030 | €8,758 | ▲ 189% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as CRAFTO has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CRAFTO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for CRAFTO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00030834 | |
| 30-06-2024 | micro format | 07-02-2025 | 2025-00030821 | |
| 30-06-2023 | micro format | 28-02-2024 | 2024-00035651 | |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00017416 | |
| 30-06-2021 | micro format | 07-02-2022 | 2022-05100494 | |
| 30-06-2020 | micro format | 12-02-2021 | 2021-05300223 | |
| 30-06-2019 | micro format | 07-02-2020 | 2020-04600132 | |
| 30-06-2018 | micro format | 21-01-2019 | 2019-01700392 | |
| 30-06-2017 | micro format | 28-02-2018 | 2018-06200295 | |
| 30-06-2016 | abbreviated format | 30-06-2017 | 2017-27100438 |