GRAAFJANSHOEVE CONSTRUCT
ActiveSummary
GRAAFJANSHOEVE CONSTRUCT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €678,980 and a net result of €2.9m. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 15% of 851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+38
Solvency34▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 2.14 in 2024; short-term debt: 70% and cash: 3.6% of total assets), and 91.5% 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
Six 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
8.5%
Return on assets
37.1%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 851 sector peers (2025).
NBB · sector comparisonPosition among 851 sector peers
Solvency
better than 15%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
31 d early
2023
20 d early
2022
31 d early
2021
17 d early
2020
21 d early
2019
87 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 8 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 6 July (5 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 trust this company with building work?Contractor check 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?POC Partners · 16 companies
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Financials · fiscal year 2025, full schema
In the rankings
#10 company by total assets in Roeselare, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2.9m▲ 190%
2024 · €1.0m
Working capital
€765,476▼ 83.7%
2024 · €4.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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€150,562▲ 91.9%€199,597▲ 32.6%€538,923▲ 170%€1.4m▲ 169%€4.2m▲ 191%
Net result€5,172within the sector's middle half€22,871within the sector's middle half▲ 342%€129,002above the sector's middle half▲ 464%€1.0mabove the sector's middle half▲ 687%€2.9mabove the sector's middle half▲ 190%
Equity€604,330within the sector's middle half▲ 0.9%€627,201within the sector's middle half▲ 3.8%€635,203within the sector's middle half▲ 1.3%€678,377within the sector's middle half▲ 6.8%€678,980within the sector's middle half▲ 0.1%
Total assets€8.2mabove the sector's middle half▲ 14.4%€8.6mabove the sector's middle half▲ 5.7%€7.8mabove the sector's middle half▼ 9.8%€8.8mabove the sector's middle half▲ 13.6%€7.9mwithin the sector's middle half▼ 10.0%
Debt€7.6m▲ 15.7%€8.0m▲ 5.8%€7.1m▼ 10.7%€8.2m▲ 14.2%€7.3m▼ 10.9%
Working capital€2.1mabove the sector's middle half▼ 69.4%€5.7mabove the sector's middle half▲ 174%€6.5mabove the sector's middle half▲ 14.2%€4.7mabove the sector's middle half▼ 28.2%€765,476within the sector's middle half▼ 83.7%
Solvency7.4%below the sector's middle half▼ 1.0pp7.3%below the sector's middle half▼ 0.1pp8.2%below the sector's middle half▲ 0.9pp7.7%below the sector's middle half▼ 0.5pp8.5%below the sector's middle half▲ 0.9pp
Current ratio1.34within the sector's middle half▼ 21.492.99above the sector's middle half▲ 1.646.32above the sector's middle half▲ 3.342.14within the sector's middle half▼ 4.181.14within the sector's middle half▼ 1.00
Return on assets (ROA)0.1%below the sector's middle half▲ 0.3pp0.3%within the sector's middle half▲ 0.2pp1.7%within the sector's middle half▲ 1.4pp11.5%above the sector's middle half▲ 9.8pp37.1%above the sector's middle half▲ 25.6pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +190% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 191% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.9m
Fixed assets
€1.6m ▲ 6,183%
Current assets
€6.3m ▼ 28.2%
Equity and liabilities €7.9m
Equity
€678,980 ▲ 0.1%
Debt
€7.3m ▼ 10.9%
Debt's share of the balance-sheet total falls from 92.3% to 91.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4.2m▲
2024 · €1.5m
Cash flow
€3.0m▲
2024 · €1.0m
Quick ratio
0.58▼
2024 · 0.62
Debt to equity
10.70▼
2024 · 12.02
ROE
433.8%▲
2024 · 149.6%
Interest coverage
8.34▲
2024 · 3.46
Debt ≤ 1 year
€5.6m▲
2024 · €4.1m
Debt > 1 year
€1.6m▼
2024 · €4.0m
Income taxes
€781,954▲
2024 · €16,118
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 166 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- solvency under 10%
- a profit of 5% of the balance sheet or more
- without age
1.2%
went bankrupt
1.8%
stopped otherwise
97%
still going
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 166 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 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €462 | €3,512 | €3,697 | €6,690 | ▲ 81.0% |
| Other operating charges640/8 | €26,236 | €60,053 | €60,486 | €18,070 | €13,108 | ▼ 27.5% |
| Gross operating margin9900 | €176,798 | €260,112 | €602,921 | €1.5m | €4.2m | ▲ 188% |
| Operating profit (loss)9901 | €150,562 | €199,597 | €538,923 | €1.4m | €4.2m | ▲ 191% |
| Financial income75/76B | €1,554 | €16,401 | €15,537 | €1,967 | €12,146 | ▲ 518% |
| Recurring financial income75 | €1,554 | €16,401 | €15,537 | €1,967 | €12,146 | ▲ 518% |
| Financial charges65/66B | €146,944 | €193,126 | €424,155 | €420,097 | €507,066 | ▲ 20.7% |
| Recurring financial charges65 | €146,944 | €193,126 | €424,155 | €420,097 | €507,066 | ▲ 20.7% |
| Profit (loss) for the period before taxes9903 | €5,172 | €22,871 | €130,305 | €1.0m | €3.7m | ▲ 261% |
| Income taxes67/77 | - | - | €1,303 | €16,118 | €781,954 | ▲ 4,751% |
| Profit (loss) for the period9904 | €5,172 | €22,871 | €129,002 | €1.0m | €2.9m | ▲ 190% |
| Profit (loss) for the period to be appropriated9905 | €5,172 | €22,871 | €129,002 | €1.0m | €2.9m | ▲ 190% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.2m | €8.6m | €7.8m | €8.8m | €7.9m | ▼ 10.0% |
| Fixed assets21/28 | - | €17,100 | €13,588 | €25,778 | €1.6m | ▲ 6,183% |
| Tangible fixed assets22/27 | - | €17,100 | €13,588 | €25,778 | €19,088 | ▼ 26.0% |
| Furniture and vehicles24 | - | €17,100 | €13,588 | €10,079 | €6,566 | ▼ 34.8% |
| Other tangible fixed assets26 | - | - | - | €15,699 | €12,522 | ▼ 20.2% |
| Financial fixed assets28 | - | - | - | - | €1.6m | - |
| Current assets29/58 | €8.2m | €8.6m | €7.8m | €8.8m | €6.3m | ▼ 28.2% |
| Stocks and contracts in progress3 | €7.1m | €8.2m | €7.2m | €6.3m | €3.1m | ▼ 50.5% |
| Stocks30/36 | €6.9m | €8.2m | €6.4m | €6.3m | €3.1m | ▼ 50.5% |
| Contracts in progress37 | €244,999 | €0 | €844,556 | €0 | - | - |
| Amounts receivable within one year40/41 | €913,016 | €349,308 | €446,082 | €2.5m | €1.7m | ▼ 33.5% |
| Trade receivables40 | €913,016 | €343,482 | €440,282 | €2.5m | €1.7m | ▼ 34.0% |
| Other amounts receivable41 | €0 | €5,826 | €5,800 | €10,800 | €19,600 | ▲ 81.5% |
| Current investments50/53 | - | - | - | - | €1.3m | - |
| Cash at bank and in hand54/58 | €79,870 | €26,920 | €60,027 | €9,648 | €284,203 | ▲ 2,846% |
| Deferred charges and accrued income490/1 | €15,319 | €10,064 | €22,072 | €25,375 | €26,095 | ▲ 2.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.2m | €8.6m | €7.8m | €8.8m | €7.9m | ▼ 10.0% |
| Equity10/15 | €604,330 | €627,201 | €635,203 | €678,377 | €678,980 | ▲ 0.1% |
| Contributions10/11 | €598,400 | €598,400 | €598,400 | €598,400 | €598,400 | = |
| Capital10 | €598,400 | €598,400 | €598,400 | €598,400 | €598,400 | = |
| Issued capital100 | €598,400 | €598,400 | €598,400 | €598,400 | €598,400 | = |
| Reserves13 | €9,579 | €28,801 | €36,803 | €79,977 | €80,580 | ▲ 0.8% |
| Non-distributable reserves130/1 | €9,579 | €9,579 | €17,186 | €59,840 | €59,840 | = |
| Legal reserve130 | €9,579 | €9,579 | €17,186 | €59,840 | €59,840 | = |
| Distributable reserves133 | - | €19,222 | €19,617 | €20,137 | €20,740 | ▲ 3.0% |
| Profit (loss) carried forward14 | -€3,649 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €7.6m | €8.0m | €7.1m | €8.2m | €7.3m | ▼ 10.9% |
| Amounts payable after more than one year17 | €1.5m | €5.1m | €5.9m | €4.0m | €1.6m | ▼ 60.2% |
| Financial debts170/4 | €1.5m | €5.1m | €5.9m | €4.0m | €1.6m | ▼ 60.2% |
| Amounts payable within one year42/48 | €6.1m | €2.9m | €1.2m | €4.1m | €5.6m | ▲ 35.1% |
| Financial debts43 | €5.4m | - | - | - | €152,408 | - |
| Credit institutions430/8 | €5.4m | - | - | - | €152,408 | - |
| Trade debts44 | €405,421 | €1.1m | €752,376 | €1.2m | €329,618 | ▼ 73.1% |
| Suppliers440/4 | €405,421 | €1.1m | €752,376 | €1.2m | €329,618 | ▼ 73.1% |
| Advances received on contracts in progress46 | €94,359 | €1.7m | €0 | €1.3m | €931,013 | ▼ 30.9% |
| Taxes, remuneration and social security45 | €156,932 | €48,017 | €154,782 | €446,666 | €968,397 | ▲ 117% |
| Taxes450/3 | €156,932 | €48,017 | €154,782 | €446,666 | €968,397 | ▲ 117% |
| Other amounts payable47/48 | €54,343 | €93,134 | €319,734 | €1.1m | €3.2m | ▲ 190% |
| Accrued charges and deferred income492/3 | €138 | €609 | €1,128 | €275 | €97,045 | ▲ 35,147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,172 | €22,871 | €129,002 | €1.0m | €2.9m | ▲ 190% |
| + Depreciation and write-downs630 | - | €462 | €3,512 | €3,697 | €6,690 | ▲ 81.0% |
| Operating cash flow (approximation) | €5,172 | €23,333 | €132,514 | €1.0m | €3.0m | ▲ 190% |
| Investment in fixed assets (approximation) | - | - | €0 | -€15,887 | -€1.6m | ▼ 9,975% |
| Change in cash | - | -€52,950 | €33,107 | -€50,379 | €274,555 | ▲ 645% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €2.9m ▲190%
Operating result €4.2m, net result €2.9m, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 6.32
Current ratio from 2.99 to 6.32; short-term debt falls from €2.9m to €1.2m.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 2.99
Current ratio from 1.34 to 2.99; short-term debt falls from €6.1m to €2.9m.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €5,172
Net result €5,172 after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€18,704
Net result drops to -€18,704, the lowest in the series; recovery starts the following year.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 87 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €48,777
Net result €48,777 after one loss-making year.
31-12
Financial
Liquidity times 66current ratio 74.80
Current ratio from 1.14 to 74.80; short-term debt falls from €4.0m to €79,760.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Roeselare · 1 establishment unit since 2004
Ground area
7,362 m²
Building footprint
2,567 m²
Volume, LiDAR
763 m³
Parcel 36302B2115/00C000, Flanders · tallest building 9.8 m. Linked by address, not a title deed.
38
companies at this address
See who is registered here
1 establishment unit
Graafjanshoeve Construct
since 20042.147.759.053
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B2115/00C000 | Flanders | 7,362 m² | 1 · 2,567 m² | 9.8 m |
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
POC Partners
16 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- POC Partners
- GRAAFJANSHOEVE CONSTRUCT
Highest known parent: POC Partners. The sources do not say who stands above it.
Owners 1
- POC Partnersparent100%
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.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 8,026 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
Founded29-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867502078
Registered
20-11-2020
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.