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CRAS

Active
Public limited companyfounded 200620 yrs activeIndustrielaan 5, 8790 Waregem, BelgiumKBO/BCE: BE 0882.268.745
Summary

The computed 12-month bankruptcy probability of CRAS is 1.8% (moderate). The annual accounts of CRAS for fiscal year 2025 show a net loss of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €17.3m and a net result of -€10.7m. Equity is shrinking by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 33% of 5048 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-11
Solvency55=
Growth31=
Track record100
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €600,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.01 against 1.27 in 2024; short-term debt: 64.1% and cash: 0.2% of total assets), and 69.5% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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 2025
Solvency, return and age of the figures
Solvency
30.5%
Return on assets
-18.8%
Age of the figures
9 mo
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€10.7m
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
28 d late
2024
13 d early
2023
61 d late
2022
12 d early
2021
61 d late
2020
89 d late
2019
31 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 26 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 28 August (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 4 July 2006, CRAS was incorporated.1 Revenue went from EUR 122 million in 2018 to EUR 106 million in 2025 and headcount from 245 to 200 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€106.3m▼ 5.4%
2024 · €112.3m
EBIT margin
-9.6%▼ 6.1pp
2024 · -3.5%
Net result
-€10.7m▼ 124%
2024 · -€4.8m
Working capital
€304,402▼ 97.1%
2024 · €10.6m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Turnover€134.3m▲ 15.8%€130.7m▼ 2.7%€120.8m▼ 7.6%€112.3m▼ 7.0%€106.3m▼ 5.4%
Operating result€4.2m-€1.6m-€8.2m▼ 403%-€3.9m▲ 52.9%-€10.2m▼ 163%
Net result€4.1mabove the sector's middle half-€1.5mbelow the sector's middle half-€9.2mbelow the sector's middle half▼ 525%-€4.8mbelow the sector's middle half▲ 48.3%-€10.7mbelow the sector's middle half▼ 124%
EBIT margin3.1%▲ 4.5pp-1.3%▼ 4.4pp-6.8%▼ 5.6pp-3.5%▲ 3.4pp-9.6%▼ 6.1pp
Equity€34.1mabove the sector's middle half▲ 13.8%€32.7mabove the sector's middle half▼ 4.3%€23.5mabove the sector's middle half▼ 28.2%€18.7mabove the sector's middle half▼ 20.3%€17.3mabove the sector's middle half▼ 7.6%
Total assets€76.1mabove the sector's middle half▲ 24.8%€72.4mabove the sector's middle half▼ 5.0%€62.4mabove the sector's middle half▼ 13.8%€61.5mabove the sector's middle half▼ 1.4%€56.8mabove the sector's middle half▼ 7.8%
Debt€42.0m▲ 35.5%€39.7m▼ 5.5%€38.9m▼ 1.9%€42.8m▲ 10.0%€39.5m▼ 7.8%
Working capital€20.9mabove the sector's middle half▲ 13.8%€18.7mabove the sector's middle half▼ 10.6%€13.7mabove the sector's middle half▼ 26.6%€10.6mabove the sector's middle half▼ 23.1%€304,402within the sector's middle half▼ 97.1%
Solvency44.8%within the sector's middle half▼ 4.3pp45.2%within the sector's middle half▲ 0.3pp37.6%within the sector's middle half▼ 7.5pp30.4%within the sector's middle half▼ 7.2pp30.5%within the sector's middle half▲ 0.1pp
Current ratio1.54within the sector's middle half▼ 0.161.56within the sector's middle half▲ 0.021.41within the sector's middle half▼ 0.161.27within the sector's middle half▼ 0.131.01below the sector's middle half▼ 0.27
Return on assets (ROA)5.4%within the sector's middle half▲ 7.1pp-2.0%below the sector's middle half▼ 7.5pp-14.8%below the sector's middle half▼ 12.7pp-7.7%below the sector's middle half▲ 7.0pp-18.8%below the sector's middle half▼ 11.0pp
Staff (FTE)245.5above the sector's middle half▲ 4.5%247.5above the sector's middle half▲ 0.8%233.4above the sector's middle half▼ 5.7%230.4above the sector's middle half▼ 1.3%200.4above the sector's middle half▼ 13.0%
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€15.0m-€10.0m-€5.0m€0€5.0mOperating result 2021: €4.2m€4.2mNet result 2021: €4.1m€4.1mOperating result 2022: -€1.6m-€1.6mNet result 2022: -€1.5m-€1.5mOperating result 2023: -€8.2m-€8.2mNet result 2023: -€9.2m-€9.2mOperating result 2024: -€3.9m-€3.9mNet result 2024: -€4.8m-€4.8mOperating result 2025: -€10.2m-€10.2mNet result 2025: -€10.7m-€10.7m20212022202320242025-€15m-€10m-€5m€0Operating result 2023: -€8.2m-€8.2mNet result 2023: -€9.2m-€9.2mOperating result 2024: -€3.9m-€3.9mNet result 2024: -€4.8m-€4.8mOperating result 2025: -€10.2m-€10mNet result 2025: -€10.7m-€11m202320242025
The operating result stays negative: a loss of €10.2m in 2025 against €3.9m 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 €56.8m
Fixed assets €20.1m ▲ 60.2%
Current assets €36.7m ▼ 25.1%
Equity and liabilities €56.8m
Equity €17.3m ▼ 7.6%
Provisions €4,534 =
Debt €39.5m ▼ 7.8%
Debt's share of the balance-sheet total falls from 69.6% to 69.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€7.8m▼
2024 · -€1.2m
Cash flow
-€8.3m▼
2024 · -€2.1m
Quick ratio
0.32▼
2024 · 0.50
Debt to equity
2.28▼
2024 · 2.29
ROE
-61.6%▼
2024 · -25.4%
Interest coverage
-14.42▼
2024 · -0.92
Debt ≤ 1 year
€36.4m▼
2024 · €38.4m
Debt > 1 year
€2.9m▼
2024 · €3.7m
Income taxes
€39,071▲
2024 · €20,109
Staff costs
€14.1m▼
2024 · €15.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 147 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 92% are still going.

  • Medium-sized
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
  • without age
2.0% went bankrupt
5.4% stopped otherwise
92% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 147 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 99 lines
Balance sheet Code20242025
Assets
Total assets20/58€61.5m€56.8m▼
Fixed assets21/28€12.5m€20.1m▲
Intangible fixed assets21€1.6m€1.1m▼
Tangible fixed assets22/27€10.9m€19.0m▲
Land and buildings22€3.3m€12.2m▲
Plant, machinery and equipment23€1.5m€1.3m▼
Furniture and vehicles24€255,500€413,347▲
Leasing and similar rights25€5.4m€4.8m▼
Other tangible fixed assets26€388,234€324,489▼
Assets under construction and advance payments27€0€0=
Financial fixed assets28€24,308€34,258▲
Other financial fixed assets284/8€24,308€34,258▲
Shares284€0-
Amounts receivable and cash guarantees285/8€24,308€34,258▲
Current assets29/58€49.0m€36.7m▼
Stocks and contracts in progress3€29.9m€25.1m▼
Stocks30/36€29.9m€25.1m▼
Raw materials and consumables30/31€224,602€169,052▼
Work in progress32€464,498€735,694▲
Finished goods33€5.6m€4.7m▼
Goods purchased for resale34€23.6m€19.2m▼
Property held for sale35€0€0=
Advance payments36€34,740€268,339▲
Amounts receivable within one year40/41€19.0m€11.5m▼
Trade receivables40€12.5m€11.4m▼
Other amounts receivable41€6.5m€33,890▼
Current investments50/53€0€0=
Own shares50€0€0=
Other investments51/53€0€0=
Cash at bank and in hand54/58€40,105€137,432▲
Deferred charges and accrued income490/1€43,577€33,017▼
Equity and liabilities
Total equity and liabilities10/49€61.5m€56.8m▼
Equity10/15€18.7m€17.3m▼
Contributions10/11€10.8m€10.8m=
Capital10€10.8m€10.8m=
Issued capital100€10.8m€10.8m=
Revaluation surpluses12-€9.2m
Reserves13€4.7m€1.5m▼
Non-distributable reserves130/1€1.1m€1.1m=
Legal reserve130€1.1m€1.1m=
Tax-exempt reserves132€977,356€451,106▼
Distributable reserves133€2.6m-
Profit (loss) carried forward14€3.1m-€4.4m▼
Investment grants15€160,031€160,031=
Provisions and deferred taxes16€4,534€4,534=
Deferred taxes168€4,534€4,534=
Amounts payable17/49€42.8m€39.5m▼
Amounts payable after more than one year17€3.7m€2.9m▼
Financial debts170/4€3.7m€2.9m▼
Leasing and similar obligations172€3.4m€2.9m▼
Credit institutions173€285,713-
Amounts payable within one year42/48€38.4m€36.4m▼
Current portion of amounts payable after more than one year42€790,833€721,760▼
Financial debts43€6.8m€7.6m▲
Credit institutions430/8€6.8m€7.6m▲
Trade debts44€17.1m€16.1m▼
Suppliers440/4€17.1m€16.1m▼
Advances received on contracts in progress46€49,543€4,793▼
Taxes, remuneration and social security45€2.2m€1.9m▼
Taxes450/3€316,411€545,442▲
Remuneration and social security454/9€1.9m€1.4m▼
Other amounts payable47/48€11.5m€10.1m▼
Accrued charges and deferred income492/3€685,110€139,006▼
Income statement Code20242025
Operating income70/76A€119.7m€107.8m▼
Turnover70€112.3m€106.3m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€1.0m-€677,281▲
Own construction capitalised72€86,512€34,316▼
Other operating income74€2.0m€2.0m▼
Non-recurring operating income76A€6.3m€120,179▼
Operating charges60/66A€123.6m€117.9m▼
Goods for resale, raw materials and consumables60€82.4m€77.1m▼
Purchases600/8€79.1m€74.6m▼
Change in stocks: decrease (increase)609€3.3m€2.5m▼
Services and other goods61€23.2m€21.9m▼
Remuneration, social security and pensions62€15.2m€14.1m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.7m€2.4m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€367,452€2.0m▲
Other operating charges640/8€348,662€452,784▲
Non-recurring operating charges66A€104,645€19,683▼
Operating profit (loss)9901-€3.9m-€10.2m▼
Financial income75/76B€492,791€340,388▼
Recurring financial income75€492,791€340,388▼
Other financial income752/9€492,791€340,388▼
Financial charges65/66B€1.4m€767,510▼
Recurring financial charges65€1.4m€767,510▼
Debt charges650€1.3m€542,860▼
Other financial charges652/9€17,737€224,650▲
Profit (loss) for the period before taxes9903-€4.7m-€10.6m▼
Income taxes67/77€20,109€39,071▲
Taxes670/3€20,109€39,071▲
Profit (loss) for the period9904-€4.8m-€10.7m▼
Transfer from tax-exempt reserves789-€526,250
Transfer to tax-exempt reserves689€103,244-
Profit (loss) for the period to be appropriated9905-€4.9m-€10.1m▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.1m-€7.0m▼
Profit (loss) brought forward from the previous period14P€8.0m€3.1m▼
Transfer from equity791/2-€2.6m
From reserves792-€2.6m
Social balance
Average headcount (FTE)9087230.4200.4▼

The notes to these accounts (101 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€143.5m€131.5m€122.3m€119.7m€107.8m▼ 10.0%
Turnover70€134.3m€130.7m€120.8m€112.3m€106.3m▼ 5.4%
Change in stocks of work in progress, finished goods and contracts in progress71€8.1m-€437,502-€589,305-€1.0m-€677,281▲ 34.3%
Own construction capitalised72--€61,384€86,512€34,316▼ 60.3%
Other operating income74€1.1m€1.2m€2.0m€2.0m€2.0m▼ 3.7%
Non-recurring operating income76A€60,881€93,851€21,246€6.3m€120,179▼ 98.1%
Operating charges60/66A€139.4m€133.2m€130.5m€123.6m€117.9m▼ 4.5%
Goods for resale, raw materials and consumables60€98.4m€92.4m€89.3m€82.4m€77.1m▼ 6.5%
Purchases600/8€96.7m€94.3m€87.1m€79.1m€74.6m▼ 5.7%
Change in stocks: decrease (increase)609€1.7m-€1.8m€2.2m€3.3m€2.5m▼ 23.8%
Services and other goods61€21.8m€21.1m€23.5m€23.2m€21.9m▼ 5.6%
Remuneration, social security and pensions62€15.7m€14.9m€15.1m€15.2m€14.1m▼ 7.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.2m€2.9m€2.8m€2.7m€2.4m▼ 11.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€815,614€1.2m-€772,366-€367,452€2.0m▲ 643%
Provisions for liabilities and charges: additions (uses and reversals)635/8--€8,851----
Other operating charges640/8€474,022€594,123€553,638€348,662€452,784▲ 29.9%
Non-recurring operating charges66A€32,980€21,759-€104,645€19,683▼ 81.2%
Operating profit (loss)9901€4.2m-€1.6m-€8.2m-€3.9m-€10.2m▼ 163%
Financial income75/76B€1.6m€1.3m€974,535€492,791€340,388▼ 30.9%
Recurring financial income75€1.6m€1.3m€974,535€492,791€340,388▼ 30.9%
Income from financial fixed assets750€500,000-----
Income from current assets751€19,386€17,696€7,521---
Other financial income752/9€1.1m€1.3m€967,014€492,791€340,388▼ 30.9%
Financial charges65/66B€809,574€970,674€1.9m€1.4m€767,510▼ 43.2%
Recurring financial charges65€809,574€970,674€1.9m€1.4m€767,510▼ 43.2%
Debt charges650€382,909€553,218€1.5m€1.3m€542,860▼ 59.3%
Other financial charges652/9€426,666€417,455€362,724€17,737€224,650▲ 1,167%
Profit (loss) for the period before taxes9903€4.9m-€1.3m-€9.1m-€4.7m-€10.6m▼ 124%
Transfer from deferred taxes780-€14,288----
Income taxes67/77€799,994€149,630€66,819€20,109€39,071▲ 94.3%
Taxes670/3€799,994€149,630€66,819€20,109€39,071▲ 94.3%
Profit (loss) for the period9904€4.1m-€1.5m-€9.2m-€4.8m-€10.7m▼ 124%
Transfer from tax-exempt reserves789----€526,250-
Transfer to tax-exempt reserves689€526,250--€103,244--
Profit (loss) for the period to be appropriated9905€3.6m-€1.5m-€9.2m-€4.9m-€10.1m▼ 108%
Line20212022202320242025Change
Assets
Total assets20/58€76.1m€72.4m€62.4m€61.5m€56.8m▼ 7.8%
Fixed assets21/28€16.8m€20.5m€15.0m€12.5m€20.1m▲ 60.2%
Intangible fixed assets21€2.3m€2.2m€2.2m€1.6m€1.1m▼ 33.4%
Tangible fixed assets22/27€8.8m€13.8m€12.7m€10.9m€19.0m▲ 73.9%
Land and buildings22€3.5m€4.0m€4.2m€3.3m€12.2m▲ 266%
Plant, machinery and equipment23€2.6m€2.2m€1.9m€1.5m€1.3m▼ 12.9%
Furniture and vehicles24€405,454€355,440€323,708€255,500€413,347▲ 61.8%
Leasing and similar rights25€1.8m€6.4m€5.9m€5.4m€4.8m▼ 12.2%
Other tangible fixed assets26€475,736€577,500€458,742€388,234€324,489▼ 16.4%
Assets under construction and advance payments27-€309,000-€0€0-
Financial fixed assets28€5.8m€4.4m€24,308€24,308€34,258▲ 40.9%
Affiliated companies280/1€5.8m€4.4m----
Participating interests280€5.8m€4.4m----
Other financial fixed assets284/8€24,308€24,308€24,308€24,308€34,258▲ 40.9%
Shares284---€0--
Amounts receivable and cash guarantees285/8€24,308€24,308€24,308€24,308€34,258▲ 40.9%
Current assets29/58€59.4m€51.9m€47.4m€49.0m€36.7m▼ 25.1%
Stocks and contracts in progress3€36.3m€36.6m€34.1m€29.9m€25.1m▼ 16.2%
Stocks30/36€36.3m€36.6m€34.1m€29.9m€25.1m▼ 16.2%
Raw materials and consumables30/31-€65,602€241,063€224,602€169,052▼ 24.7%
Work in progress32€1.1m€1.3m€338,902€464,498€735,694▲ 58.4%
Finished goods33€7.0m€6.4m€6.8m€5.6m€4.7m▼ 16.9%
Goods purchased for resale34€28.2m€28.8m€26.6m€23.6m€19.2m▼ 18.4%
Property held for sale35---€0€0-
Advance payments36--€133,705€34,740€268,339▲ 672%
Amounts receivable within one year40/41€23.0m€14.9m€13.3m€19.0m€11.5m▼ 39.8%
Trade receivables40€22.6m€14.7m€13.1m€12.5m€11.4m▼ 8.9%
Other amounts receivable41€319,543€222,739€165,409€6.5m€33,890▼ 99.5%
Current investments50/53€1€1€1€0€0-
Own shares50---€0€0-
Other investments51/53€1€1€1€0€0-
Cash at bank and in hand54/58€104,476€45,702€55,728€40,105€137,432▲ 243%
Deferred charges and accrued income490/1€0€329,904€0€43,577€33,017▼ 24.2%
Equity and liabilities
Total equity and liabilities10/49€76.1m€72.4m€62.4m€61.5m€56.8m▼ 7.8%
Equity10/15€34.1m€32.7m€23.5m€18.7m€17.3m▼ 7.6%
Contributions10/11€10.8m€10.8m€10.8m€10.8m€10.8m=
Capital10€10.8m€10.8m€10.8m€10.8m€10.8m=
Issued capital100€10.8m€10.8m€10.8m€10.8m€10.8m=
Revaluation surpluses12----€9.2m-
Reserves13€4.6m€4.6m€4.6m€4.7m€1.5m▼ 67.4%
Non-distributable reserves130/1€1.1m€1.1m€1.1m€1.1m€1.1m=
Legal reserve130€1.1m€1.1m€1.1m€1.1m€1.1m=
Tax-exempt reserves132€922,322€922,322€922,322€977,356€451,106▼ 53.8%
Distributable reserves133€2.6m€2.6m€2.6m€2.6m--
Profit (loss) carried forward14€18.7m€17.2m€8.0m€3.1m-€4.4m▼ 241%
Investment grants15€111,821€111,821€111,821€160,031€160,031=
Provisions and deferred taxes16€23,139-€4,534€4,534€4,534=
Provisions for liabilities and charges160/5€8,851-----
Pensions and similar obligations160€8,851-----
Deferred taxes168€14,288-€4,534€4,534€4,534=
Amounts payable17/49€42.0m€39.7m€38.9m€42.8m€39.5m▼ 7.8%
Amounts payable after more than one year17€3.1m€6.2m€4.2m€3.7m€2.9m▼ 20.0%
Financial debts170/4€3.1m€6.2m€4.2m€3.7m€2.9m▼ 20.0%
Leasing and similar obligations172€1.2m€5.3m€4.0m€3.4m€2.9m▼ 13.3%
Credit institutions173€1.6m€855,356€285,713€285,713--
Other loans174€200,000-----
Amounts payable within one year42/48€38.4m€33.2m€33.7m€38.4m€36.4m▼ 5.4%
Current portion of amounts payable after more than one year42€1.5m€1.8m€1.8m€790,833€721,760▼ 8.7%
Financial debts43€237,546€4.6m€8.6m€6.8m€7.6m▲ 12.0%
Credit institutions430/8€237,546€4.6m€8.6m€6.8m€7.6m▲ 12.0%
Trade debts44€25.6m€13.9m€9.2m€17.1m€16.1m▼ 6.3%
Suppliers440/4€25.6m€13.9m€9.2m€17.1m€16.1m▼ 6.3%
Advances received on contracts in progress46€28,669--€49,543€4,793▼ 90.3%
Taxes, remuneration and social security45€3.2m€3.8m€2.4m€2.2m€1.9m▼ 13.4%
Taxes450/3€939,506€1.0m€484,122€316,411€545,442▲ 72.4%
Remuneration and social security454/9€2.3m€2.8m€2.0m€1.9m€1.4m▼ 27.8%
Other amounts payable47/48€7.8m€9.1m€11.6m€11.5m€10.1m▼ 12.1%
Accrued charges and deferred income492/3€503,742€317,977€975,284€685,110€139,006▼ 79.7%
Line20212022202320242025Change
Profit (loss) for the period9904€4.1m-€1.5m-€9.2m-€4.8m-€10.7m▼ 124%
+ Depreciation and write-downs630€2.2m€2.9m€2.8m€2.7m€2.4m▼ 11.1%
Operating cash flow (approximation)€6.3m€1.4m-€6.4m-€2.1m-€8.3m▼ 294%
Investment in fixed assets (approximation)--€6.5m€2.7m-€224,400-€9.9m▼ 4,315%
Change in cash--€58,774€10,026-€15,623€97,327▲ 723%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial Weakest financial yearnet -€10.7m
Net result drops to -€10.7m, the lowest in the series.
18-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
19-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
31-12
Financial Back to profitnet €4.1m
Net result €4.1m after one loss-making year.
28-10
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 89 days late
2020
30-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
16-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 26 acts read
About the unread acts

We know of 26 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
26 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, Waregem · 15 establishment units since 2006
seat establishment approximate All 15 establishment units on the map
Ground area
25.3 ha
Building footprint
5.2 ha
Volume, LiDAR
195,215 m³
15 parcels, Brussels, Flanders, Wallonia · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
9 companies at this address See who is registered here
15 establishment units
CRAS Relegem
Schapenbaan 20, 1731 AsseNACE 51130
since 20062.155.582.005
CRAS Waregem
Industrielaan 5, 8790 WaregemJoinery installation
since 20062.155.583.389
CRAS Merelbeke
Burg. Maenhautstraat 68, 9820 Merelbeke-MelleNACE 51130
since 20062.155.585.468
CRAS Trazegnies
Rue de la Marche(TR) 28, 6183 CourcellesNACE 51130
since 20062.155.585.765
CRAS Oostende
John Cordierlaan 6, 8400 OostendeNACE 51130
since 20062.155.586.656
CRAS Beringen
Koolmijnlaan 116, 3580 BeringenNACE 51130
since 20062.155.586.854
Show 9 more locations
Cras Heule
Waterven(Heu) 1, 8501 KortrijkManufacture of furniture
since 20092.179.622.464
Cras Latinne
Rue du Centre 99, 4261 BraivesManufacture of other builders' carpentry and joinery
since 20172.261.245.984
Cras Manhay
Rue des Boussines, Vaux-Chavanne 48, 6960 ManhayWholesale trade
since 20172.261.246.083
CRAS Herenthout
Atealaan 18, 2270 HerenthoutManufacture of furniture
since 20172.265.287.421
CRAS Antwerpen
Malachietstraat 2, 2030 AntwerpenManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20172.265.287.520
Cras Poperinge
Ieperseweg 26, 8970 PoperingeRetail trade
since 20172.265.538.532
Cras Rebecq
Rue du Radoux 47, 1430 RebecqWholesale trade
since 20172.307.180.236
Cras Evere
Leuvensesteenweg 923, 1140 EvereManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20202.312.927.683
Cras Villers
Rue de Waremme 14, 4530 Villers-le-BouilletWholesale of timber
since 20262.388.302.425
15 parcels
Flanders 9 (60%) Wallonia 5 (33.3%) Brussels 1 (6.7%)
Parcel (capakey) Region Area Buildings Height / fl.
34452B0904/00R000 Flanders 10.8 ha 1 · 1,573 m² 9.7 m · 1 fl.
52066B0918/00F005 Wallonia 3.9 ha 1 · 5,430 m² 12.2 m · 3 fl.
34016C1019/00D000 Flanders 2.8 ha 1 · 1.6 ha -
64041A0371/00Y000 Wallonia 1.9 ha 1 · 1,220 m² 8.3 m · 2 fl.
13012A0398/00K000 Flanders 1.3 ha 1 · 1.2 ha 12.4 m · 2 fl.
44413A0074/00K000 Flanders 9,111 m² 1 · 2,293 m² 7.7 m · 2 fl.
35026B0200/00S000 Flanders 9,051 m² 1 · 4,794 m² 4.7 m
25007D0288/00M002 Wallonia 6,163 m² 1 · 876 m² 7.2 m · 2 fl.
83051A0922/00E002 Wallonia 5,845 m² 1 · 152 m² -
11807G1492/00Y005 Flanders 4,876 m² 1 · 3,356 m² 9.0 m · 2 fl.
23068B2020/00D000 Flanders 4,431 m² 1 · 2,014 m² -
71004A0006/00F000 Flanders 2,551 m² 1 · 531 m² 8.7 m · 1 fl.
61068B0214/00S000 Wallonia 1,885 m² 1 · 93 m² 9.1 m · 3 fl.
33312D0629/00P000 Flanders 1,492 m² 1 · 1,489 m² 8.6 m · 2 fl.
21372C0076/00V002 Brussels 165 m² 1 · 119 m² 14.1 m · 4 fl.
Linked by address, not proof of ownership
Good to know
15 of 15 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group Firma Cras 16 companies Group, risk and exposure

Owners and holdings

1 owner · 1 holding

Chain of control

  1. Firma Cras 100%
  2. CRAS

Highest known parent: Firma Cras. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the 2022 annual accounts of CRAS 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

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 6 entries · 24,599 EUR awarded · 24,599 EUR paid
Year Entries awardedpaid
2025 1 1,065 EUR1,065 EUR
2024 2 3,362 EUR16,737 EUR
2023 1 4,305 EUR4,305 EUR
2022 2 15,867 EUR2,492 EUR
Schemes
2 entries · 13,375 EUR · 13,375 EUR paid · Vlaams Energie- en Klimaatagentschap
3 entries · 7,862 EUR · 7,862 EUR paid · Departement Werk en Sociale Economie
1 entry · 3,362 EUR · 3,362 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

1 site
Waregem2.155.583.389
2 permissions
Toelating · Handelsinrichting hout ISPM 15 · since 27-06-2023
Groothandel hout schors · since 29-11-2021

Similar companies · same sector, comparable size

Of 855 companies in sector 46832 we hold annual accounts for 590. 175 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded04-07-2006
Fiscal year end31-12
Activities, NACEBEL 2025
46832Wholesale of timber
47522Retail trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0882268745
Also 9925:BE0882268745
Registered 16-10-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.