DRAFAB
ActiveSummary
DRAFAB has been active since 1964 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €964,270 and a net result of -€293,148. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 39% of 239 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-68
Solvency57▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.45 in 2024; short-term debt: 56.4% and cash: 13.6% of total assets), and 68.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
42 d early
2023
28 d early
2022
16 d early
2021
68 d late
2020
9 d early
2019
16 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 10 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% 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 7 July (4 of the last 5 filed years within 30 days of that day).
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
In the rankings
#3 oldest company in Poperinge, Manufacturing sector#8 fastest grower in West Flanders, Furniture sector#8 employer in Poperinge, Manufacturing sector
Equity
€964,270▼ 23.3%
2024 · €1.3m
Total assets
€3.0m▼ 11.4%
2024 · €3.4m
Net result
-€293,148
2024 · €159,641
Working capital
€383,718▼ 50.9%
2024 · €782,059
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 31, Manufacture of furniture, 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€568,221▲ 143%€190,664▼ 66.4%€62,896▼ 67.0%€212,584▲ 238%-€255,358
Net result€442,031above the sector's middle half▲ 146%€131,999above the sector's middle half▼ 70.1%€13,341within the sector's middle half▼ 89.9%€159,641above the sector's middle half▲ 1,097%-€293,148below the sector's middle half
Equity€1.0mwithin the sector's middle half▲ 30.6%€1.2mabove the sector's middle half▲ 12.8%€1.2mabove the sector's middle half▲ 1.1%€1.3mabove the sector's middle half▲ 6.8%€964,270above the sector's middle half▼ 23.3%
Total assets€2.4mabove the sector's middle half▼ 8.8%€3.1mabove the sector's middle half▲ 25.7%€2.8mabove the sector's middle half▼ 7.9%€3.4mabove the sector's middle half▲ 20.7%€3.0mabove the sector's middle half▼ 11.4%
Debt€1.4m▼ 25.3%€1.9m▲ 35.1%€1.7m▼ 13.5%€2.2m▲ 30.6%€2.1m▼ 4.5%
Working capital€734,578above the sector's middle half▲ 39.7%€777,213above the sector's middle half▲ 5.8%€720,575above the sector's middle half▼ 7.3%€782,059above the sector's middle half▲ 8.5%€383,718within the sector's middle half▼ 50.9%
Solvency42.2%within the sector's middle half▲ 12.8pp37.9%within the sector's middle half▼ 4.3pp41.6%within the sector's middle half▲ 3.7pp36.8%within the sector's middle half▼ 4.8pp31.9%within the sector's middle half▼ 4.9pp
Current ratio1.70within the sector's middle half▲ 0.321.49within the sector's middle half▼ 0.221.53within the sector's middle half▲ 0.051.45within the sector's middle half▼ 0.081.22within the sector's middle half▼ 0.23
Return on assets (ROA)18.1%above the sector's middle half▲ 11.4pp4.3%within the sector's middle half▼ 13.8pp0.5%within the sector's middle half▼ 3.8pp4.7%within the sector's middle half▲ 4.2pp-9.7%below the sector's middle half▼ 14.4pp
Staff (FTE)27.2above the sector's middle half▲ 1.9%27.9above the sector's middle half▲ 2.6%31above the sector's middle half▲ 11.1%29.8above the sector's middle half▼ 3.9%30above the sector's middle half▲ 0.7%
above
within
below
the middle half (P25 to P75) of NACE 31, Manufacture of furniture, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €255,358 after €212,584 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€935,157 ▲ 3.7%
Current assets
€2.1m ▼ 16.9%
Equity and liabilities €3.0m
Equity
€964,270 ▼ 23.3%
Debt
€2.1m ▼ 4.5%
Debt's share of the balance-sheet total rises from 63.2% to 68.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€65,752▼
2024 · €384,125
Cash flow
-€103,542▼
2024 · €331,181
Quick ratio
0.99▼
2024 · 1.14
Debt to equity
2.14▲
2024 · 1.72
ROE
-30.4%▼
2024 · 12.7%
Interest coverage
-1.75▼
2024 · 15.12
Debt ≤ 1 year
€1.7m▼
2024 · €1.7m
Debt > 1 year
€354,604▼
2024 · €426,655
Income taxes
€1,174▼
2024 · €28,417
Staff costs
€2.0m▲
2024 · €2.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 8,616 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €250 | - |
| Remuneration, social security and pensions62 | €1.5m | €1.7m | €2.0m | €2.0m | €2.0m | ▲ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €208,507 | €159,669 | €162,686 | €171,541 | €189,606 | ▲ 10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €4,110 | - | - |
| Other operating charges640/8 | €16,596 | €17,392 | €22,468 | €22,607 | €8,822 | ▼ 61.0% |
| Non-recurring operating charges66A | - | - | €4,120 | - | - | - |
| Gross operating margin9900 | €2.3m | €2.0m | €2.2m | €2.4m | €2.0m | ▼ 17.0% |
| Operating profit (loss)9901 | €568,221 | €190,664 | €62,896 | €212,584 | -€255,358 | ▼ 220% |
| Financial income75/76B | €5,111 | €3,946 | €1,886 | €885 | €990 | ▲ 11.9% |
| Recurring financial income75 | €5,111 | €3,946 | €1,886 | €885 | €990 | ▲ 11.9% |
| Financial charges65/66B | €42,566 | €24,992 | €43,121 | €25,411 | €37,607 | ▲ 48.0% |
| Recurring financial charges65 | €42,566 | €24,992 | €43,121 | €25,411 | €37,607 | ▲ 48.0% |
| Profit (loss) for the period before taxes9903 | €530,766 | €169,618 | €21,661 | €188,058 | -€291,974 | ▼ 255% |
| Income taxes67/77 | €88,735 | €37,619 | €8,320 | €28,417 | €1,174 | ▼ 95.9% |
| Profit (loss) for the period9904 | €442,031 | €131,999 | €13,341 | €159,641 | -€293,148 | ▼ 284% |
| Profit (loss) for the period to be appropriated9905 | €442,031 | €131,999 | €13,341 | €159,641 | -€293,148 | ▼ 284% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €3.1m | €2.8m | €3.4m | €3.0m | ▼ 11.4% |
| Fixed assets21/28 | €669,082 | €706,854 | €761,969 | €902,051 | €935,157 | ▲ 3.7% |
| Intangible fixed assets21 | €4,586 | €627 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €664,497 | €706,227 | €759,257 | €899,679 | €932,785 | ▲ 3.7% |
| Land and buildings22 | €272,466 | €241,678 | €201,279 | €417,345 | €382,666 | ▼ 8.3% |
| Plant, machinery and equipment23 | €314,656 | €400,427 | €526,761 | €434,848 | €514,257 | ▲ 18.3% |
| Furniture and vehicles24 | €77,375 | €64,123 | €31,217 | €47,487 | €35,862 | ▼ 24.5% |
| Financial fixed assets28 | - | - | €2,712 | €2,372 | €2,372 | = |
| Current assets29/58 | €1.8m | €2.4m | €2.1m | €2.5m | €2.1m | ▼ 16.9% |
| Stocks and contracts in progress3 | €220,271 | €449,452 | €414,525 | €534,144 | €399,342 | ▼ 25.2% |
| Stocks30/36 | €220,271 | €449,452 | €97,648 | €150,378 | €157,669 | ▲ 4.8% |
| Contracts in progress37 | - | - | €316,878 | €383,766 | €241,673 | ▼ 37.0% |
| Amounts receivable within one year40/41 | €1.1m | €1.8m | €1.5m | €1.9m | €1.3m | ▼ 34.5% |
| Trade receivables40 | €1.0m | €1.7m | €1.4m | €1.7m | €1.1m | ▼ 35.4% |
| Other amounts receivable41 | €66,466 | €148,936 | €128,356 | €193,569 | €142,683 | ▼ 26.3% |
| Cash at bank and in hand54/58 | €415,387 | €61,615 | €88,356 | €29,751 | €412,391 | ▲ 1,286% |
| Deferred charges and accrued income490/1 | €52,665 | €55,049 | €31,697 | €37,527 | €25,554 | ▼ 31.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €3.1m | €2.8m | €3.4m | €3.0m | ▼ 11.4% |
| Equity10/15 | €1.0m | €1.2m | €1.2m | €1.3m | €964,270 | ▼ 23.3% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €1.0m | €1.1m | €1.2m | €1.2m | €945,720 | ▼ 23.7% |
| Tax-exempt reserves132 | €83,923 | €83,923 | €83,923 | €83,923 | €83,923 | = |
| Distributable reserves133 | €929,965 | €1.1m | €1.1m | €1.2m | €861,797 | ▼ 25.4% |
| Amounts payable17/49 | €1.4m | €1.9m | €1.7m | €2.2m | €2.1m | ▼ 4.5% |
| Amounts payable after more than one year17 | €351,557 | €318,670 | €304,766 | €426,655 | €354,604 | ▼ 16.9% |
| Financial debts170/4 | €351,557 | €318,670 | €304,766 | €426,655 | €354,604 | ▼ 16.9% |
| Amounts payable within one year42/48 | €1.0m | €1.6m | €1.3m | €1.7m | €1.7m | ▼ 1.5% |
| Current portion of amounts payable after more than one year42 | €257,898 | €453,816 | €145,560 | €157,113 | €142,191 | ▼ 9.5% |
| Financial debts43 | - | - | €248,005 | €207,097 | €328,676 | ▲ 58.7% |
| Credit institutions430/8 | - | - | €160,000 | €160,000 | €160,000 | = |
| Other loans439 | - | - | €88,005 | €47,097 | €168,676 | ▲ 258% |
| Trade debts44 | €433,937 | €952,036 | €852,214 | €1.1m | €1.1m | ▼ 5.4% |
| Suppliers440/4 | €433,937 | €952,036 | €852,214 | €1.1m | €1.1m | ▼ 5.4% |
| Taxes, remuneration and social security45 | €150,592 | €185,040 | €102,346 | €160,973 | €170,174 | ▲ 5.7% |
| Taxes450/3 | €68,694 | €65,624 | €911 | €31 | €1,205 | ▲ 3,830% |
| Remuneration and social security454/9 | €81,898 | €119,416 | €101,435 | €160,942 | €168,969 | ▲ 5.0% |
| Other amounts payable47/48 | €200,000 | - | - | €80,000 | - | - |
| Accrued charges and deferred income492/3 | €19,666 | €961 | - | €36 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €442,031 | €131,999 | €13,341 | €159,641 | -€293,148 | ▼ 284% |
| + Depreciation and write-downs630 | €208,507 | €159,669 | €162,686 | €171,541 | €189,606 | ▲ 10.5% |
| Operating cash flow (approximation) | €650,538 | €291,668 | €176,026 | €331,181 | -€103,542 | ▼ 131% |
| Investment in fixed assets (approximation) | - | -€197,441 | -€217,800 | -€311,623 | -€222,712 | ▲ 28.5% |
| Change in cash | - | -€353,772 | €26,741 | -€58,605 | €382,640 | ▲ 753% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€293,148
Net result drops to -€293,148, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 68 days late
2021
31-12
Financial
Highest result since 2018net €442,031 ▲146%
Operating result €568,221, net result €442,031, both a record.
31-12
Financial
Equity above €1mEq €1.0m ▲30.6%
4 profitable years in a row build equity to €1.0m.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-06
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 5 acts read
About the unread acts
We know of 5 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
5 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, Poperinge · 1 establishment unit since 1964
Ground area
6,953 m²
Building footprint
4,728 m²
Volume, LiDAR
17,969 m³
Parcel 33021E0219/00K000, Flanders · tallest building 18.0 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
DRAFAB
since 19642.005.309.506
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33021E0219/00K000 | Flanders | 6,953 m² | 1 · 4,728 m² | 18.0 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.
Structure & network
Owners and holdings
2 ownersOwners 2
-
50%
- Sourceaccounts V-PRO 202450%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
2023 to 2025 · 8 entries · 48,225 EUR awarded · 48,509 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 14,463 EUR | 14,751 EUR |
| 2024 | 3 | 16,075 EUR | 15,787 EUR |
| 2023 | 2 | 17,687 EUR | 17,971 EUR |
Recognitions · licences · registrations
Recognised contractor
5 categoriesDRAFAB BV18952
Dual-learning approval
3 live approvalsBinnenschrijnwerk en interieur duaal (so)
Interieurbouwer duaal (so)
Operator CNC-gestuurde houtbewerkingsmachines duaal (so)
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Of 618 companies in sector 31002 we hold annual accounts for 348. 233 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
Founded04-06-1964
Fiscal year end31-12
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
31002Manufacture of furniture
43320Joinery installation
31004Manufacture of dining room, living room, bedroom and bathroom furniture
31009Manufacture of furniture
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405471579
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.