Summary
DRAPFIN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €4.2m and a net result of €266,842. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 27% of 2790 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
181920222324
2018 to 2024 · latest year €4.2m
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 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
50 d early
2022
42 d early
2021
75 d early
2020
93 d early
2019
114 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 70 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?Monument Assurance Belgium · 23 companies What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Equity
€4.2m▲ 6.8%
2023 · €3.9m
Net result
€266,842▲ 12.4%
2023 · €237,428
Total assets
€13.9m▼ 11.2%
2023 · €15.7m
Solvency
30.2%▲ 5.1pp
2023 · 25.1%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202220232024
Turnover€1.3m▲ 1.8%€1.3m▲ 1.5%€1.4m-€1.5m▲ 7.0%€1.5m▼ 3.3%
Operating result€791,520▲ 1.1%€824,141▲ 4.1%€901,264-€966,059▲ 7.2%€920,781▼ 4.7%
Net result-€165,625▲ 1.6%-€170,160▼ 2.7%€51,525-€237,428▲ 361%€266,842▲ 12.4%
Equity€4.0m▼ 4.0%€3.8m▼ 4.2%€3.7m-€3.9m▲ 6.4%€4.2m▲ 6.8%
Total assets€17.7m▼ 0.9%€17.4m▼ 1.8%€15.5m-€15.7m▲ 0.8%€13.9m▼ 11.2%
Debt€13.7m=€13.5m▼ 1.1%€11.8m-€11.7m▼ 1.0%€9.7m▼ 17.2%
Working capital€2.0m▲ 485%€650,914▼ 67.5%€1.1m-€1.8m▲ 60.5%€383,619▼ 79.1%
Solvency22.7%▼ 0.7pp22.2%▼ 0.6pp23.8%-25.1%▲ 1.3pp30.2%▲ 5.1pp
Why a figure moved sharply
- 2023 Net result +361% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €13.9m
Fixed assets
€13.3m ▼ 2.7%
Current assets
€637,457 ▼ 68.4%
Equity and liabilities €13.9m
Equity
€4.2m ▲ 6.8%
Debt
€9.7m ▼ 17.2%
Debt's share of the balance-sheet total falls from 74.9% to 69.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
6.4%▲
2023 · 6.0%
ROA
1.9%▲
2023 · 1.5%
Debt ≤ 1 year
€253,838▲
2023 · €181,496
Debt > 1 year
€9.3m▼
2023 · €11.5m
Income taxes
€176
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €1.7m | €1.8m | - | - |
| Turnover70 | €1.3m | €1.3m | €1.4m | €1.5m | €1.5m | ▼ 3.3% |
| Other operating income74 | - | - | €294,411 | €322,732 | - | - |
| Operating charges60/66A | - | - | €804,146 | €866,781 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €60,520 | - |
| Services and other goods61 | - | - | €35,349 | €68,859 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €473,320 | €473,602 | €474,167 | €474,969 | €478,454 | ▲ 0.7% |
| Other operating charges640/8 | - | - | €294,631 | €322,952 | €332,434 | ▲ 2.9% |
| Gross operating margin9900 | - | - | - | - | €1.7m | - |
| Operating profit (loss)9901 | €791,520 | €824,141 | €901,264 | €966,059 | €920,781 | ▼ 4.7% |
| Financial income75/76B | - | - | €9,660 | €72,132 | €57,613 | ▼ 20.1% |
| Recurring financial income75 | - | - | €9,660 | €72,132 | €57,613 | ▼ 20.1% |
| Income from current assets751 | - | - | €9,660 | €72,132 | - | - |
| Financial charges65/66B | - | - | €859,399 | €800,763 | €711,376 | ▼ 11.2% |
| Recurring financial charges65 | €957,145 | €933,882 | €859,399 | €800,763 | €711,376 | ▼ 11.2% |
| Debt charges650 | €947,914 | €921,415 | €853,901 | €800,071 | - | - |
| Other financial charges652/9 | - | - | €5,498 | €693 | - | - |
| Profit (loss) for the period before taxes9903 | -€165,625 | -€170,160 | €51,525 | €237,428 | €267,018 | ▲ 12.5% |
| Income taxes67/77 | - | - | - | - | €176 | - |
| Profit (loss) for the period9904 | -€165,625 | -€170,160 | €51,525 | €237,428 | €266,842 | ▲ 12.4% |
| Profit (loss) for the period to be appropriated9905 | -€165,625 | -€170,160 | €51,525 | €237,428 | €266,842 | ▲ 12.4% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17.7m | €17.4m | €15.5m | €15.7m | €13.9m | ▼ 11.2% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €15.5m | €15.1m | €14.1m | €13.6m | €13.3m | ▼ 2.7% |
| Tangible fixed assets22/27 | €15.5m | €15.1m | €14.1m | €13.6m | €13.3m | ▼ 2.7% |
| Land and buildings22 | - | - | €14.1m | €13.6m | €13.3m | ▼ 2.8% |
| Assets under construction and advance payments27 | - | - | - | - | €13,367 | - |
| Current assets29/58 | €2.2m | €2.3m | €1.4m | €2.0m | €637,457 | ▼ 68.4% |
| Amounts receivable within one year40/41 | - | - | €1.3m | €1.6m | €630,634 | ▼ 60.6% |
| Trade receivables40 | - | - | €143,060 | - | €35,528 | - |
| Other amounts receivable41 | - | - | €1.2m | €1.6m | €595,106 | ▼ 62.8% |
| Cash at bank and in hand54/58 | €1.9m | €2.1m | €27,922 | €393,340 | €765 | ▼ 99.8% |
| Deferred charges and accrued income490/1 | - | - | €72,000 | €24,000 | €6,057 | ▼ 74.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17.7m | €17.4m | €15.5m | €15.7m | €13.9m | ▼ 11.2% |
| Equity10/15 | €4.0m | €3.8m | €3.7m | €3.9m | €4.2m | ▲ 6.8% |
| Contributions10/11 | €2.9m | €2.9m | €2.9m | €2.9m | €2.9m | = |
| Capital10 | - | - | €2.9m | €2.9m | €2.9m | = |
| Issued capital100 | - | - | €2.9m | €2.9m | €2.9m | = |
| Revaluation surpluses12 | - | - | €2.0m | €1.9m | €1.9m | ▼ 2.8% |
| Reserves13 | €468,261 | €523,163 | €632,967 | €687,869 | €742,770 | ▲ 8.0% |
| Non-distributable reserves130/1 | - | - | €29,047 | €29,047 | €29,047 | = |
| Legal reserve130 | - | - | €29,047 | €29,047 | €29,047 | = |
| Distributable reserves133 | - | - | €603,920 | €658,822 | €713,723 | ▲ 8.3% |
| Profit (loss) carried forward14 | -€1.6m | -€1.7m | -€1.9m | -€1.6m | -€1.4m | ▲ 16.2% |
| Amounts payable17/49 | €13.7m | €13.5m | €11.8m | €11.7m | €9.7m | ▼ 17.2% |
| Amounts payable after more than one year17 | €13.4m | €11.7m | €11.4m | €11.5m | €9.3m | ▼ 18.8% |
| Financial debts170/4 | - | - | €11.4m | €11.5m | €9.3m | ▼ 18.8% |
| Subordinated loans170 | - | - | €10.5m | €10.7m | - | - |
| Credit institutions173 | - | - | €900,000 | €750,000 | - | - |
| Amounts payable within one year42/48 | €154,178 | €1.7m | €298,945 | €181,496 | €253,838 | ▲ 39.9% |
| Current portion of amounts payable after more than one year42 | - | - | €150,000 | €150,000 | €150,000 | = |
| Trade debts44 | €4,178 | €4,837 | €148,945 | €31,496 | €103,824 | ▲ 230% |
| Suppliers440/4 | - | - | €148,945 | €31,496 | €103,824 | ▲ 230% |
| Taxes, remuneration and social security45 | - | - | - | - | €13 | - |
| Taxes450/3 | - | - | - | - | €13 | - |
| Accrued charges and deferred income492/3 | - | - | €149,929 | €91,058 | €155,051 | ▲ 70.3% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€165,625 | -€170,160 | €51,525 | €237,428 | €266,842 | ▲ 12.4% |
| + Depreciation and write-downs630 | €473,320 | €473,602 | €474,167 | €474,969 | €478,454 | ▲ 0.7% |
| Operating cash flow (approximation) | €307,695 | €303,443 | €525,692 | €712,397 | €745,296 | ▲ 4.6% |
| Investment in fixed assets (approximation) | - | -€8,470 | - | -€19,243 | -€104,165 | ▼ 441% |
| Change in cash | - | €194,040 | - | €365,418 | -€392,575 | ▼ 207% |
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
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €266,842 ▲12.4%
Net result €266,842, the highest in the series.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity doublescurrent ratio 11.12
Current ratio from 4.83 to 11.12; short-term debt falls from €298,945 to €181,496.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €51,525
Net result €51,525 after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 4.83
Current ratio from 1.39 to 4.83; short-term debt falls from €1.7m to €298,945.
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€170,160
Net result drops to -€170,160, the lowest in the series; recovery starts the following year.
08-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity times 11current ratio 14.01
Current ratio from 1.23 to 14.01; short-term debt falls from €1.5m to €154,178.
Show earlier events
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
02-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 23 acts read
About the unread acts
We know of 23 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
23 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, Sint-Joost-ten-Node · 1 establishment unit since 2006
Ground area
2,542 m²
Building footprint
1,816 m²
Volume, LiDAR
63,447 m³
Parcel 21014A0003/00M022, Brussels · tallest building 53.4 m, ±14 floors. Linked by address, not a title deed.
168
companies at this address
See who is registered here
1 establishment unit
DRAPFIN
since 20062.151.581.348
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0003/00M022 | Brussels | 2,542 m² | 1 · 1,816 m² | 53.4 m · 14 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
Part of the group
Monument Assurance Belgium
23 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: Monument Assurance Belgium. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of DRAPFIN 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300X1D6RTS6ZJN368
Similar companies · same sector, comparable size
Jonal Invest BVBA
BE 0829.263.886
As · Eq €4,201,757
E.C.
BE 0844.374.805
Merelbeke-Melle · Eq €4,201,869
DECOGES
BE 0461.025.756
Malmedy · Eq €4,202,251
RVH Management
BE 0647.654.152
Peer · Eq €4,198,292
DBJM
BE 0803.386.068
Kortrijk · Eq €4,197,592
Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 8,683 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
Founded25-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875714614
Also
9925:BE0875714614
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.