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Drafab immo

Active
Private limited companyfounded 201511 yrs activeBeneluxlaan 7, 8970 Poperinge, BelgiumKBO/BCE: BE 0635.480.256
Summary

Drafab immo has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €283,067 and a net result of €57,854. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability74▲+2
Solvency46▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity short (current ratio 0.06 against 2.08 in 2023; short-term debt: 32.3% and cash: 0.8% of total assets), and 79.5% of the assets are financed with debt.
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Signals

Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
42 d early
2023
28 d early
2022
3 d early
2021
68 d late
2020
31 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 6 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
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

Drafab immo was incorporated on 12 August 2015.1 Total assets rose from EUR 1 million in 2018 to EUR 1.4 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€283,067▲ 25.7%
2023 · €225,212
Total assets
€1.4m▲ 93.5%
2023 · €712,876
Net result
€57,854▲ 185%
2023 · €20,333
Working capital
-€420,799
2023 · €66,333
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20202021202220232024
Operating result€2,431▲ 52.5%€12,880▲ 430%€19,635▲ 52.4%€41,407▲ 111%€64,176▲ 55.0%
Net result-€6,652within the sector's middle half▲ 23.6%€4,806within the sector's middle half€10,177within the sector's middle half▲ 112%€20,333within the sector's middle half▲ 99.8%€57,854above the sector's middle half▲ 185%
Equity€190,147within the sector's middle half▼ 3.4%€194,953within the sector's middle half▲ 2.5%€205,130within the sector's middle half▲ 5.2%€225,212within the sector's middle half▲ 9.8%€283,067within the sector's middle half▲ 25.7%
Total assets€850,822within the sector's middle half▼ 9.1%€773,496within the sector's middle half▼ 9.1%€734,643within the sector's middle half▼ 5.0%€712,876within the sector's middle half▼ 3.0%€1.4mabove the sector's middle half▲ 93.5%
Debt€660,675▼ 10.6%€578,543▼ 12.4%€529,513▼ 8.5%€487,664▼ 7.9%€1.1m▲ 125%
Working capital€20,490▲ 3.3%€22,185▲ 8.3%€39,949▲ 80.1%€66,333▲ 66.0%-€420,799
Solvency22.3%within the sector's middle half▲ 1.3pp25.2%within the sector's middle half▲ 2.9pp27.9%within the sector's middle half▲ 2.7pp31.6%within the sector's middle half▲ 3.7pp20.5%within the sector's middle half▼ 11.1pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000€60,000Operating result 2020: €2,431€2,431Net result 2020: -€6,652-€6,652Operating result 2021: €12,880€12,880Net result 2021: €4,806€4,806Operating result 2022: €19,635€19,635Net result 2022: €10,177€10,177Operating result 2023: €41,407€41,407Net result 2023: €20,333€20,333Operating result 2024: €64,176€64,176Net result 2024: €57,854€57,85420202021202220232024€0€20,000€40,000€60,000Operating result 2022: €19,635€19,600Net result 2022: €10,177€10,200Operating result 2023: €41,407€41,400Net result 2023: €20,333€20,300Operating result 2024: €64,176€64,200Net result 2024: €57,854€57,900202220232024
The operating result has risen four years in a row; 2024 is 55% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets €1.4m ▲ 132%
Current assets €24,505 ▼ 80.9%
Equity and liabilities €1.4m
Equity €283,067 ▲ 25.7%
Debt €1.1m ▲ 125%
Debt's share of the balance-sheet total rises from 68.4% to 79.5%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€143,425▲
2023 · €97,708
Cash flow
€137,104▲
2023 · €76,634
Current ratio
0.06▼
2023 · 2.08
Debt to equity
3.87▲
2023 · 2.17
ROE
20.4%▲
2023 · 9.0%
ROA
4.2%▲
2023 · 2.9%
Interest coverage
6.65▼
2023 · 6.79
Debt ≤ 1 year
€445,304▲
2023 · €61,664
Debt > 1 year
€651,000▲
2023 · €426,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,098 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
0.9% went bankrupt
0.9% stopped otherwise
98% 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 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 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 4,098 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 · 2024 against 2023 · 41 lines
Balance sheet Code20232024
Assets
Total assets20/58€712,876€1.4m▲
Fixed assets21/28€584,879€1.4m▲
Tangible fixed assets22/27€584,879€1.4m▲
Land and buildings22€584,879€1.4m▲
Current assets29/58€127,997€24,505▼
Amounts receivable within one year40/41€13,643€12,975▼
Trade receivables40€12,500€12,500=
Other amounts receivable41€1,143€475▼
Cash at bank and in hand54/58€114,354€11,530▼
Equity and liabilities
Total equity and liabilities10/49€712,876€1.4m▲
Equity10/15€225,212€283,067▲
Contributions10/11€18,550€18,550=
Reserves13€206,662€264,517▲
Tax-exempt reserves132€17,578€17,578=
Distributable reserves133€189,085€246,939▲
Amounts payable17/49€487,664€1.1m▲
Amounts payable after more than one year17€426,000€651,000▲
Financial debts170/4€426,000€651,000▲
Amounts payable within one year42/48€61,664€445,304▲
Current portion of amounts payable after more than one year42€50,000€101,667▲
Trade debts44€9,989€385▼
Suppliers440/4€9,989€385▼
Taxes, remuneration and social security45-€40
Taxes450/3-€40
Other amounts payable47/48€1,675€343,212▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56,302€79,249▲
Other operating charges640/8€18,781€16,328▼
Gross operating margin9900€116,489€159,754▲
Operating profit (loss)9901€41,407€64,176▲
Financial income75/76B-€15,252
Recurring financial income75-€15,252
Financial charges65/66B€14,383€21,573▲
Recurring financial charges65€14,383€21,573▲
Profit (loss) for the period before taxes9903€27,024€57,854▲
Transfer from deferred taxes780€250-
Income taxes67/77€6,941-
Profit (loss) for the period9904€20,333€57,854▲
Profit (loss) for the period to be appropriated9905€20,333€57,854▲
Appropriation of the result
Profit (loss) to be appropriated9906€20,333€57,854▲
Transfer to equity691/2€20,333€57,854▲
To other reserves6921€20,333€57,854▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€82,621€79,888€61,187€56,302€79,249▲ 40.8%
Other operating charges640/8-€14,956€15,301€18,781€16,328▼ 13.1%
Gross operating margin9900€99,825€107,724€96,123€116,489€159,754▲ 37.1%
Operating profit (loss)9901€2,431€12,880€19,635€41,407€64,176▲ 55.0%
Financial income75/76B--€1-€15,252-
Recurring financial income75--€1-€15,252-
Financial charges65/66B-€8,074€8,078€14,383€21,573▲ 50.0%
Recurring financial charges65€9,084€8,074€8,078€14,383€21,573▲ 50.0%
Profit (loss) for the period before taxes9903-€6,652€4,806€11,558€27,024€57,854▲ 114%
Transfer from deferred taxes780---€250--
Income taxes67/77--€1,381€6,941--
Profit (loss) for the period9904-€6,652€4,806€10,177€20,333€57,854▲ 185%
Transfer from tax-exempt reserves789--€9,005---
Profit (loss) for the period to be appropriated9905-€6,652€4,806€19,182€20,333€57,854▲ 185%
Line20202021202220232024Change
Assets
Total assets20/58€850,822€773,496€734,643€712,876€1.4m▲ 93.5%
Fixed assets21/28€778,657€698,768€641,181€584,879€1.4m▲ 132%
Tangible fixed assets22/27€778,657€698,768€641,181€584,879€1.4m▲ 132%
Land and buildings22-€698,768€641,181€584,879€1.4m▲ 132%
Current assets29/58€72,166€74,728€93,462€127,997€24,505▼ 80.9%
Amounts receivable within one year40/41€12,721€22,785€9,228€13,643€12,975▼ 4.9%
Trade receivables40-€22,377€8,500€12,500€12,500=
Other amounts receivable41-€408€728€1,143€475▼ 58.4%
Cash at bank and in hand54/58€52,558€51,944€84,234€114,354€11,530▼ 89.9%
Equity and liabilities
Total equity and liabilities10/49€850,822€773,496€734,643€712,876€1.4m▲ 93.5%
Equity10/15€190,147€194,953€205,130€225,212€283,067▲ 25.7%
Contributions10/11-€18,550€18,550€18,550€18,550=
Reserves13€171,597€176,403€186,580€206,662€264,517▲ 28.0%
Tax-exempt reserves132-€26,833€17,828€17,578€17,578=
Distributable reserves133-€149,570€168,752€189,085€246,939▲ 30.6%
Amounts payable17/49€660,675€578,543€529,513€487,664€1.1m▲ 125%
Amounts payable after more than one year17€609,000€526,000€476,000€426,000€651,000▲ 52.8%
Financial debts170/4-€526,000€476,000€426,000€651,000▲ 52.8%
Amounts payable within one year42/48€51,676€52,544€53,514€61,664€445,304▲ 622%
Current portion of amounts payable after more than one year42-€50,000€50,000€50,000€101,667▲ 103%
Trade debts44-€868€458€9,989€385▼ 96.1%
Suppliers440/4-€868€458€9,989€385▼ 96.1%
Taxes, remuneration and social security45-€1€1,381-€40-
Taxes450/3-€1€1,381-€40-
Other amounts payable47/48-€1,675€1,675€1,675€343,212▲ 20,391%
Line20202021202220232024Change
Profit (loss) for the period9904-€6,652€4,806€10,177€20,333€57,854▲ 185%
+ Depreciation and write-downs630€82,621€79,888€61,187€56,302€79,249▲ 40.8%
Operating cash flow (approximation)€75,969€84,694€71,364€76,634€137,104▲ 78.9%
Investment in fixed assets (approximation)-€0-€3,600€0-€849,235-
Change in cash--€614€32,291€30,120-€102,824▼ 441%

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

2025
19-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2018net €57,854 ▲185%
Operating result €64,176, net result €57,854, both a record.
03-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Equity above €200,000Eq €205,130 ▲5.2%
2 profitable years in a row build equity to €205,130.
07-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 68 days late
2021
31-12
Financial Back to profitnet €4,806
Net result €4,806 after 2 loss-making years.
30-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
15-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Weakest financial yearnet -€8,702
Net result drops to -€8,702, the lowest in the series; recovery starts the following year.
23-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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 2015
seat establishment The establishment unit on the map
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 IMMO
Beneluxlaan 7, 8970 PoperingeReal estate activities
since 20152.244.588.215
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

1 owner

Chain of control

  1. Origin15 99.98%
  2. Drafab immo

Highest known parent: Origin15. The sources do not say who stands above it.

Owners 1

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.

Similar companies · same sector, comparable size

Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 4,398 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
Founded12-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:0635480256
Registered 07-01-2026

Register as of 27 September 2026 · Peppol Directory

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