DE GRAEF
ActiveSummary
DE GRAEF has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71k and a net result of €6k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 89% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-14
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 5.56 against 4.36 in 2024; short-term debt: 15.1% and cash: 68.8% of total assets), and 15.1% of the assets are financed with debt.
Credit check for your own amount and term
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 · 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
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
84.9%
Return on assets
7.5%
Age of the figures
15 mo
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 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
4 d early
2021
2 d early
2020
19 d late
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€71k▼ 6.0%
2024 · €76k
2019: €69k
2020: €63k▼ -8.5% vs 2019lowest in 7 years
2021: €71k▲ +13.8% vs 2020
2022: €71k▼ -0.2% vs 2021
2023: €70k▼ -2.5% vs 2022
2024: €76k▲ +9.1% vs 2023highest in 7 years
2025: €71k▼ -6.0% vs 2024
2019 → 2025
Total assets
€84k▼ 9.9%
2024 · €93k
2019: €90k
2020: €115k▲ +27.1% vs 2019highest in 7 years
2021: €100k▼ -12.8% vs 2020
2022: €94k▼ -5.7% vs 2021
2023: €81k▼ -13.6% vs 2022lowest in 7 years
2024: €93k▲ +14.4% vs 2023
2025: €84k▼ -9.9% vs 2024
2019 → 2025
Net result
€6k▼ 63.4%
2024 · €17k
2019: €11k
2020: €13k▲ +20.2% vs 2019
2021: €9k▼ -33.9% vs 2020
2022: €13k▲ +49.4% vs 2021
2023: €11k▼ -17.9% vs 2022
2024: €17k▲ +63.0% vs 2023highest in 7 years
2025: €6k▼ -63.4% vs 2024lowest in 7 years
2019 → 2025
Working capital
€58k▼ 0.8%
2024 · €58k
2019: €16klowest in 7 years
2020: €41k▲ +150% vs 2019
2021: €49k▲ +21.8% vs 2020
2022: €55k▲ +10.9% vs 2021
2023: €63k▲ +15.4% vs 2022highest in 7 years
2024: €58k▼ -7.7% vs 2023
2025: €58k▼ -0.8% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€71k-€71k▼ 0.2%€70k▼ 2.5%€76k▲ 9.1%€71k▼ 6.0%
2021: €71k
2022: €71k▼ -0.2% vs 2021
2023: €70k▼ -2.5% vs 2022lowest in 5 years
2024: €76k▲ +9.1% vs 2023highest in 5 years
2025: €71k▼ -6.0% vs 2024
Operating result€13k-€22k▲ 63.2%€15k▼ 30.0%€25k▲ 63.1%€10k▼ 61.0%
2021: €13k
2022: €22k▲ +63.2% vs 2021
2023: €15k▼ -30.0% vs 2022
2024: €25k▲ +63.1% vs 2023highest in 5 years
2025: €10k▼ -61.0% vs 2024lowest in 5 years
Net result€9k-€13k▲ 49.4%€11k▼ 17.9%€17k▲ 63.0%€6k▼ 63.4%
2021: €9k
2022: €13k▲ +49.4% vs 2021
2023: €11k▼ -17.9% vs 2022
2024: €17k▲ +63.0% vs 2023highest in 5 years
2025: €6k▼ -63.4% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84k
Fixed assets
€13k ▼ 23.1%
Current assets
€71k ▼ 6.8%
Equity and liabilities €84k
Equity
€71k ▼ 6.0%
Debt
€13k ▼ 26.9%
Debt's share of the balance-sheet total falls from 18.6% to 15.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14k▼
2024 · €28k
Cash flow
€10k▼
2024 · €20k
Current ratio
5.56▲
2024 · 4.36
Quick ratio
5.14▲
2024 · 3.78
Debt to equity
0.18▼
2024 · 0.23
ROE
8.9%▼
2024 · 22.8%
ROA
7.5%▼
2024 · 18.6%
Interest coverage
117.75▼
2024 · 263.44
Debt ≤ 1 year
€13k▼
2024 · €17k
Income taxes
€4k▼
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€93k€84k▼
Fixed assets21/28€18k€13k▼
Tangible fixed assets22/27€17k€13k▼
Plant, machinery and equipment23€2k€923▼
Furniture and vehicles24€16k€12k▼
Financial fixed assets28€195€195=
Current assets29/58€76k€71k▼
Stocks and contracts in progress3€10k€5k▼
Stocks30/36€10k€5k▼
Amounts receivable within one year40/41€15k€4k▼
Trade receivables40€11k-
Other amounts receivable41€4k€4k▲
Cash at bank and in hand54/58€47k€58k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€93k€84k▼
Equity10/15€76k€71k▼
Contributions10/11€19k€19k=
Reserves13€57k€53k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€55k€51k▼
Profit (loss) carried forward14€164€164=
Amounts payable17/49€17k€13k▼
Amounts payable within one year42/48€17k€13k▼
Trade debts44€14k€7k▼
Suppliers440/4€14k€7k▼
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48€779€4k▲
Income statement
Code20242025
Non-recurring operating income76A€6k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€30k€16k▼
Operating profit (loss)9901€25k€10k▼
Financial income75/76B€691€754▲
Recurring financial income75€691€754▲
Financial charges65/66B€104€116▲
Recurring financial charges65€104€116▲
Profit (loss) for the period before taxes9903€25k€10k▼
Income taxes67/77€8k€4k▼
Profit (loss) for the period9904€17k€6k▼
Profit (loss) for the period to be appropriated9905€17k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€6k▼
Profit (loss) brought forward from the previous period14P€11k€164▼
Transfer from equity791/2-€11k
Transfer to equity691/2€17k€6k▼
To other reserves6921€17k€6k▼
Profit to be distributed694/7€11k€11k▼
Return on contributions (dividend)694€11k€11k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €32 | - | €6k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €15k | €15k | €3k | €4k | ▲ 42.0% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▼ 9.6% |
| Gross operating margin9900 | €30k | €38k | €33k | €30k | €16k | ▼ 47.1% |
| Operating profit (loss)9901 | €13k | €22k | €15k | €25k | €10k | ▼ 61.0% |
| Financial income75/76B | - | €766 | €825 | €691 | €754 | ▲ 9.0% |
| Recurring financial income75 | €915 | €766 | €825 | €691 | €754 | ▲ 9.0% |
| Financial charges65/66B | - | €305 | €222 | €104 | €116 | ▲ 11.1% |
| Recurring financial charges65 | €432 | €305 | €222 | €104 | €116 | ▲ 11.1% |
| Profit (loss) for the period before taxes9903 | €14k | €22k | €16k | €25k | €10k | ▼ 59.4% |
| Income taxes67/77 | €5k | €9k | €5k | €8k | €4k | ▼ 50.7% |
| Profit (loss) for the period9904 | €9k | €13k | €11k | €17k | €6k | ▼ 63.4% |
| Profit (loss) for the period to be appropriated9905 | €9k | €13k | €11k | €17k | €6k | ▼ 63.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €100k | €94k | €81k | €93k | €84k | ▼ 9.9% |
| Fixed assets21/28 | €34k | €20k | €6k | €18k | €13k | ▼ 23.1% |
| Tangible fixed assets22/27 | €33k | €20k | €6k | €17k | €13k | ▼ 23.4% |
| Plant, machinery and equipment23 | - | €4k | €3k | €2k | €923 | ▼ 45.0% |
| Furniture and vehicles24 | - | €16k | €3k | €16k | €12k | ▼ 21.1% |
| Financial fixed assets28 | €195 | €195 | €195 | €195 | €195 | = |
| Current assets29/58 | €66k | €74k | €75k | €76k | €71k | ▼ 6.8% |
| Stocks and contracts in progress3 | €4k | €4k | €11k | €10k | €5k | ▼ 48.0% |
| Stocks30/36 | - | €4k | €11k | €10k | €5k | ▼ 48.0% |
| Amounts receivable within one year40/41 | €20k | €19k | €21k | €15k | €4k | ▼ 71.1% |
| Trade receivables40 | - | €17k | €19k | €11k | - | - |
| Other amounts receivable41 | - | €2k | €2k | €4k | €4k | ▲ 3.1% |
| Cash at bank and in hand54/58 | €36k | €48k | €39k | €47k | €58k | ▲ 22.7% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €3k | €3k | ▼ 3.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €100k | €94k | €81k | €93k | €84k | ▼ 9.9% |
| Equity10/15 | €71k | €71k | €70k | €76k | €71k | ▼ 6.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €46k | €45k | €40k | €57k | €53k | ▼ 8.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €43k | €38k | €55k | €51k | ▼ 8.2% |
| Profit (loss) carried forward14 | €7k | €8k | €11k | €164 | €164 | = |
| Amounts payable17/49 | €29k | €23k | €12k | €17k | €13k | ▼ 26.9% |
| Amounts payable after more than one year17 | €11k | €4k | - | - | - | - |
| Financial debts170/4 | - | €4k | - | - | - | - |
| Amounts payable within one year42/48 | €17k | €19k | €12k | €17k | €13k | ▼ 26.9% |
| Current portion of amounts payable after more than one year42 | - | €8k | €4k | - | - | - |
| Trade debts44 | €6k | €5k | €5k | €14k | €7k | ▼ 52.2% |
| Suppliers440/4 | - | €5k | €5k | €14k | €7k | ▼ 52.2% |
| Taxes, remuneration and social security45 | - | €5k | €2k | €2k | €2k | ▼ 37.5% |
| Taxes450/3 | - | €5k | €2k | €2k | €2k | ▼ 37.5% |
| Other amounts payable47/48 | - | €1k | €2k | €779 | €4k | ▲ 465% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €13k | €11k | €17k | €6k | ▼ 63.4% |
| + Depreciation and write-downs630 | €14k | €15k | €15k | €3k | €4k | ▲ 42.0% |
| Operating cash flow (approximation) | €23k | €28k | €26k | €20k | €10k | ▼ 48.5% |
| Investment in fixed assets (approximation) | - | €-2k | €-1k | €-14k | €0 | ▲ 100% |
| Change in cash | - | €12k | €-8k | €8k | €11k | ▲ 39.7% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €6k ▼63.4%
Net result drops to €6k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €17k ▲63%
Operating result €25k, net result €17k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 15 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Bonheiden · 1 establishment unit since 2000
Ground area
997 m²
Building footprint
166 m²
Volume, LiDAR
722 m³
Parcel 12031C0130/00X000, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Lange Dreef 122, 2820 Bonheiden
since 20002.115.805.867
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031C0130/00X000 | Flanders | 997 m² | 1 · 166 m² | 5.8 m · 1 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.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 6,223 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 (pre-2019)
Founded13-03-2000
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
Contact
Phone
0478/36.18.31Bonheiden
Scores and ratios are computed by Checked and are not a credit decision.