Active BE 0473.500.253Private limited company

CRAS

Veerledorp 56 ·2431 Laakdal, Belgium· 25 yrs active

Sector: Wholesale of cars and light vans (up to 3.5 tonnes) (46711)

Conclusion Checked

CRAS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €-53k. Equity is growing by ~28.9% per year across the filed fiscal years. Its solvency ranks better than 19% of 7728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€66k
Net result	€-53k
Staff (FTE)	1
Better than sector	19%

Financial profile 5 of 5 axes measured · computed by Checked

38 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 17

Profitability 0

Solvency 20

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.7% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2000, 25 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

17 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

36 2022

66 2023

66 2024

17 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.04 (≥ 1.0) +5

Quick ratio Quick ratio 0.48 (< 0.6) -5

Leverage Debt/equity 6.85 (> 3.0) -10

Profitability Negatieve ROE -79% -10

Interest coverage Interest coverage -4.2× (< 1.5×) -10

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview25 NBB filings

Annual accounts filed on 06-07-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~28.9%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	12.7%	44.7%	better than 19% of 7728 sector peers
Net result	€-53k	€31k	better than 10% of 7722 sector peers
Equity	€66k	€398k	better than 21% of 7736 sector peers
Gross operating margin	€48k	€211k	better than 26% of 7708 sector peers
Staff costs	€79k	€189k	higher than 28% of 4872 sector peers

EBITDA

€-37k

- 22-25

Net profit

€-53k

- 22-25

Cash flow

€-46k

- 22-25

Total assets

€520k

-6.8% 22-25

Equity

€66k

-44.3% 22-25

Working capital

€20k

-68.5% 22-25

Employees (FTE)

1

0.0% 22-25

Staff costs

€79k

+21.6% 22-25

Income taxes

€12

-99.9% 22-25

Debt

€454k

+3.4% 22-25

Debt ≤ 1y

€451k

+2.7% 22-25

Current ratio

1.04

-8.6% 22-25

Quick ratio

0.48

-12.7% 22-25

Solvency

12.7%

-40.3% 22-25

Debt / equity

6.85

+85.6% 22-25

ROE

-79.5%

- 22-25

ROA

-10.1%

- 22-25

Interest coverage

-4.23

- 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-
EBITDA	€-37k	€77k	€42k	€13k
Net profit	€-53k	€46k	€32k	€4k
Cash flow	€-46k	€53k	€39k	€11k
Staff costs	€79k	€65k	€71k	€60k
Income taxes	€12	€17k	-	-
Dividends	-	-	-	-
Total assets	€520k	€558k	€508k	€532k
Equity	€66k	€119k	€73k	€41k
Debt	€454k	€439k	€435k	€491k
of which ≤ 1y	€451k	€439k	€435k	€491k
of which > 1y	-	-	-	-
Working capital	€20k	€62k	€9k	€-27k
Employees (FTE)	1.0	1.0	1.0	1.0

Ratios (computed)

	2025	2024	2023	2022
Current ratio	1.04	1.14	1.02	0.95
Quick ratio	0.48	0.55	0.45	0.41
Working capital ratio	3.8%	11.2%	1.8%	-5.0%
Solvency	12.7%	21.3%	14.3%	7.7%
Debt / equity	6.85	3.69	6.00	12.00
Long-term debt ratio	-	-	-	-
Interest coverage	-4.23	11.89	14.02	6.20
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	-10.1%	8.3%	6.2%	0.7%
ROE	-79.5%	39.0%	43.6%	9.2%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €50k · 9.5% Current assets €471k · 90.5%

Equity & liabilities

Equity €66k · 12.7% Debt €454k · 87.3%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€520k	€558k	€508k	€532k
Fixed assets	21/28	€50k	€56k	€63k	€67k
Tangible fixed assets	22/27	€50k	€56k	€63k	€67k
Current assets	29/58	€471k	€501k	€444k	€464k
Stocks & contracts in progress	3	€254k	€260k	€249k	€262k
Amounts receivable within one year	40/41	€100k	€27k	€17k	€33k
Investments	50/53	€49k	€49k	€49k	€49k
Cash & bank	54/58	€59k	€164k	€129k	€120k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€520k	€558k	€508k	€532k
Equity	10/15	€66k	€119k	€73k	€41k
Contributions / capital	10/11	€19k	€19k	€19k	€19k
Reserves	13	€71k	€100k	€94k	€94k
Accumulated profits (losses)	14	€-23k	-	€-40k	€-72k
Amounts payable	17/49	€454k	€439k	€435k	€491k
Amounts payable within one year	42/48	€451k	€439k	€435k	€491k
Trade debts payable within one year	44	€26k	€14k	€29k	€94k
Income statement
Gross operating margin	9900	€48k	€150k	€119k	€79k
Operating result	9901	€-44k	€70k	€35k	€6k
Financial income	75	€54	-	-	€21
Financial charges	65	€9k	€6k	€3k	€2k
Result before taxes	9903	€-53k	€63k	€32k	€4k
Income taxes	67/77	€12	€17k	-	-
Net result for the period	9904	€-53k	€46k	€32k	€4k
Result to be appropriated	9905	€-53k	€46k	€32k	€4k

Legal Structure

NACE primary	Wholesale of cars and light vans (up to 3.5 tonnes)(46711)
Legal form	Private limited company(610)
Incorporation	15-12-2000
Status	Active
Postal code	2431

Establishment units 2 locations

CRAS

Veerledorp 56, 2431 LaakdalRetail sale of solid, liquid and gaseous fuels, excluding motor fuels

since 20002.099.985.761

Cras

Veerledorp 59, 2431 LaakdalWarehousing and storage

since 20172.270.878.777

Real-estate footprint Source: CBE × cadastre

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13042A0624/00W002	Flanders	1,113 m²	1 · 813 m²	11.2 m · 2 fl.
13042A0624/00R002	Flanders	158 m²	1 · 107 m²	11.2 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 14Financial 3Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

06-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet €-53k ▼213%

Net result drops to €-53k, the lowest in the series.

27-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2022net €46k ▲46.9%

Operating result €70k, net result €46k, both a record.

31-12

Financial Equity above €100kEq €119k ▲64%

3 profitable years in a row build equity to €119k.

10-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

28-12

State Gazette act Director changes

Véronique VAN GORP

29-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 29 days late

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 30 days late

2021

04-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 4 days late

2020

19-10

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 80 days late

2019

26-09

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 57 days late

2018

27-09

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 58 days late

2017

27-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

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.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

28-12-2023 Discharge granted to the board Director changes·Véronique VAN GORP

Notary: Véronique VAN GORP · Laakdal

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Wholesale of cars and light vans (up to 3.5 tonnes)46711Retail sale of cars and light vans (up to 3.5 tonnes)4781150101General maintenance and repair of cars and light vans (up to 3.5 tonnes)953115010350200Financial service activities, except insurance and pension funding6491065210Renting and operating of own or leased non-residential real estate, excluding land6820370203

Names & trade names

Legal nameNL

CRAS

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