GIRAF
ActiveSummary
GIRAF has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €245,070 and a net result of €19,687. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 81% of 7833 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-14
Solvency100▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 5.65 against 3.03 in 2024; short-term debt: 16% and cash: 9% of total assets), and 18.3% of the assets are financed with debt.
Credit check for your own amount and term
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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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 2025Solvency, return and age of the figures
Solvency
81.7%
Return on assets
6.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
on the day
2021
2 d early
2020
30 d late
2019
94 d late
← 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 30 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 29 August (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
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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 What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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 2025, micro schema
Equity
€245,070▲ 3.4%
2024 · €236,999
Total assets
€299,805▼ 16.9%
2024 · €360,966
Net result
€19,687▼ 69.9%
2024 · €65,489
Working capital
€222,254=
2024 · €222,352
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Line20212022202320242025
Operating result€110,416▲ 663%€79,881▼ 27.7%€29,814▼ 62.7%€99,361▲ 233%€28,612▼ 71.2%
Net result€86,124above the sector's middle half▲ 659%€54,093above the sector's middle half▼ 37.2%€19,722within the sector's middle half▼ 63.5%€65,489above the sector's middle half▲ 232%€19,687within the sector's middle half▼ 69.9%
Equity€131,395within the sector's middle half▲ 180%€183,888above the sector's middle half▲ 40.0%€191,175above the sector's middle half▲ 4.0%€236,999above the sector's middle half▲ 24.0%€245,070above the sector's middle half▲ 3.4%
Total assets€198,055within the sector's middle half▲ 57.9%€253,288within the sector's middle half▲ 27.9%€253,714within the sector's middle half▲ 0.2%€360,966within the sector's middle half▲ 42.3%€299,805within the sector's middle half▼ 16.9%
Debt€66,661▼ 15.1%€69,400▲ 4.1%€62,539▼ 9.9%€123,968▲ 98.2%€54,735▼ 55.8%
Working capital€106,675above the sector's middle half▲ 256%€161,393above the sector's middle half▲ 51.3%€171,254above the sector's middle half▲ 6.1%€222,352above the sector's middle half▲ 29.8%€222,254above the sector's middle half=
Solvency66.3%within the sector's middle half▲ 29.0pp72.6%within the sector's middle half▲ 6.3pp75.4%above the sector's middle half▲ 2.8pp65.7%within the sector's middle half▼ 9.7pp81.7%above the sector's middle half▲ 16.1pp
Current ratio4.11above the sector's middle half▲ 2.244.75above the sector's middle half▲ 0.635.32above the sector's middle half▲ 0.573.03within the sector's middle half▼ 2.295.65above the sector's middle half▲ 2.61
Return on assets (ROA)43.5%above the sector's middle half▲ 34.4pp21.4%within the sector's middle half▼ 22.1pp7.8%within the sector's middle half▼ 13.6pp18.1%within the sector's middle half▲ 10.4pp6.6%within the sector's middle half▼ 11.6pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
The operating result falls in 2025; 2025 is 71% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €299,805
Fixed assets
€29,723 ▲ 1.7%
Current assets
€270,082 ▼ 18.6%
Equity and liabilities €299,805
Equity
€245,070 ▲ 3.4%
Debt
€54,735 ▼ 55.8%
Debt's share of the balance-sheet total falls from 34.3% to 18.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€42,387▼
2024 · €113,926
Cash flow
€33,462▼
2024 · €80,055
Debt to equity
0.22▼
2024 · 0.52
ROE
8.0%▼
2024 · 27.6%
Interest coverage
23.79▼
2024 · 43.52
Debt ≤ 1 year
€47,828▼
2024 · €109,399
Debt > 1 year
€6,908▼
2024 · €14,568
Income taxes
€7,243▼
2024 · €31,639
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
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 497,662 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 26,970 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,542 | €13,483 | €14,471 | €14,565 | €13,775 | ▼ 5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€1,150 | - | - | - | - | - |
| Other operating charges640/8 | €2,635 | €1,155 | €950 | €1,625 | €955 | ▼ 41.2% |
| Gross operating margin9900 | €123,444 | €94,518 | €45,234 | €115,551 | €43,342 | ▼ 62.5% |
| Operating profit (loss)9901 | €110,416 | €79,881 | €29,814 | €99,361 | €28,612 | ▼ 71.2% |
| Financial income75/76B | €10 | €7 | €1 | €386 | €100 | ▼ 74.1% |
| Recurring financial income75 | €10 | €7 | €1 | €386 | €100 | ▼ 74.1% |
| Financial charges65/66B | €1,846 | €1,922 | €1,852 | €2,618 | €1,782 | ▼ 31.9% |
| Recurring financial charges65 | €1,846 | €1,922 | €1,852 | €2,618 | €1,782 | ▼ 31.9% |
| Profit (loss) for the period before taxes9903 | €108,581 | €77,966 | €27,963 | €97,129 | €26,930 | ▼ 72.3% |
| Income taxes67/77 | €22,457 | €23,873 | €8,241 | €31,639 | €7,243 | ▼ 77.1% |
| Profit (loss) for the period9904 | €86,124 | €54,093 | €19,722 | €65,489 | €19,687 | ▼ 69.9% |
| Profit (loss) for the period to be appropriated9905 | €86,124 | €54,093 | €19,722 | €65,489 | €19,687 | ▼ 69.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €198,055 | €253,288 | €253,714 | €360,966 | €299,805 | ▼ 16.9% |
| Fixed assets21/28 | €57,133 | €48,836 | €42,824 | €29,215 | €29,723 | ▲ 1.7% |
| Tangible fixed assets22/27 | €55,133 | €46,836 | €40,824 | €27,215 | €27,723 | ▲ 1.9% |
| Plant, machinery and equipment23 | - | €3,637 | €3,258 | €1,705 | €2,100 | ▲ 23.2% |
| Furniture and vehicles24 | €11,212 | €7,494 | €10,077 | €6,237 | €5,545 | ▼ 11.1% |
| Other tangible fixed assets26 | €43,920 | €35,705 | €27,489 | €19,273 | €20,077 | ▲ 4.2% |
| Financial fixed assets28 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Current assets29/58 | €140,923 | €204,452 | €210,890 | €331,751 | €270,082 | ▼ 18.6% |
| Amounts receivable after more than one year29 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Other amounts receivable291 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Amounts receivable within one year40/41 | €19,451 | €20,167 | €24,439 | €80,850 | €33,059 | ▼ 59.1% |
| Trade receivables40 | €18,608 | €18,797 | €20,253 | €77,191 | €27,235 | ▼ 64.7% |
| Other amounts receivable41 | €843 | €1,370 | €4,186 | €3,659 | €5,824 | ▲ 59.2% |
| Current investments50/53 | - | - | - | €110,000 | €110,000 | = |
| Cash at bank and in hand54/58 | €121,224 | €83,836 | €85,293 | €40,518 | €27,023 | ▼ 33.3% |
| Deferred charges and accrued income490/1 | €247 | €449 | €1,158 | €383 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €198,055 | €253,288 | €253,714 | €360,966 | €299,805 | ▼ 16.9% |
| Equity10/15 | €131,395 | €183,888 | €191,175 | €236,999 | €245,070 | ▲ 3.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €125,195 | €177,688 | €184,975 | €230,799 | €238,870 | ▲ 3.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €123,335 | €175,828 | €184,975 | €230,799 | €238,870 | ▲ 3.5% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €66,661 | €69,400 | €62,539 | €123,968 | €54,735 | ▼ 55.8% |
| Amounts payable after more than one year17 | €32,413 | €26,341 | €22,903 | €14,568 | €6,908 | ▼ 52.6% |
| Financial debts170/4 | €32,413 | €26,341 | €22,903 | €14,568 | €6,908 | ▼ 52.6% |
| Amounts payable within one year42/48 | €34,248 | €43,060 | €39,636 | €109,399 | €47,828 | ▼ 56.3% |
| Current portion of amounts payable after more than one year42 | €5,880 | €6,072 | €8,016 | €8,334 | €7,661 | ▼ 8.1% |
| Trade debts44 | €8,155 | €8,590 | €2,207 | €67,839 | €13,637 | ▼ 79.9% |
| Suppliers440/4 | €8,155 | €8,590 | €2,207 | €67,839 | €13,637 | ▼ 79.9% |
| Taxes, remuneration and social security45 | €14,126 | €23,287 | €14,928 | €13,309 | €14,970 | ▲ 12.5% |
| Taxes450/3 | €14,126 | €23,287 | €14,928 | €13,309 | €14,970 | ▲ 12.5% |
| Other amounts payable47/48 | €6,087 | €5,110 | €14,485 | €19,917 | €11,560 | ▼ 42.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €86,124 | €54,093 | €19,722 | €65,489 | €19,687 | ▼ 69.9% |
| + Depreciation and write-downs630 | €11,542 | €13,483 | €14,471 | €14,565 | €13,775 | ▼ 5.4% |
| Operating cash flow (approximation) | €97,667 | €67,575 | €34,193 | €80,055 | €33,462 | ▼ 58.2% |
| Investment in fixed assets (approximation) | - | -€5,186 | -€8,459 | -€957 | -€14,283 | ▼ 1,392% |
| Change in cash | - | -€37,388 | €1,457 | -€44,776 | -€13,495 | ▲ 69.9% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Equity above €200,000Eq €236,999 ▲24%
7 profitable years in a row build equity to €236,999.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €183,888 ▲40%
5 profitable years in a row build equity to €183,888.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €86,124 ▲659%
Operating result €110,416, net result €86,124, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.11
Current ratio from 1.88 to 4.11.
31-12
Financial
Equity above €100,000Eq €131,395 ▲180%
4 profitable years in a row build equity to €131,395.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €11,353 ▼42.8%
Net result drops to €11,353, the lowest in the series; recovery starts the following year.
Show earlier events
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 94 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Gent · 1 establishment unit since 2016
Ground area
227 m²
Building footprint
226 m²
Volume, LiDAR
1,832 m³
Parcel 44021A3453/00T000, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Giraf
since 20162.257.639.366
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A3453/00T000 | Flanders | 227 m² | 1 · 226 m² | 12.3 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 7,860 EUR awarded · 7,860 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 7,860 EUR | 7,860 EUR |
Similar companies · same sector, comparable size
bNext
BE 0666.769.486
Namur · Eq €244,852
BART TILMANS
BE 0894.375.335
Diepenbeek · Eq €244,848
PRINZIE CONSULTING
BE 0879.799.205
Antwerpen · Eq €245,306
PersElite
BE 0782.632.325
Haacht · Eq €245,318
AJ de Bourgraaf
BE 0794.457.714
Braine-le-Comte · Eq €244,819
Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 6,757 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
Founded13-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0664626281
Also
9925:BE0664626281
Registered
22-04-2025
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.