GRAAFWERK
ActiveGRAAFWERK has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €177k and a net result of €29k. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 55% of 1505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+3
Solvency79▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 3.91 against 2.89 in 2024; short-term debt: 14.7% and cash: 46.7% of total assets), and 45.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 59
Relative position
BE, all sectors
reference
Sector 59
lower
← 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
54.4%
Return on assets
8.9%
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
29 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
70 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€177k▲ 19.5%
2024 · €148k
2018: €65k
2019: €59k
2020: €64k
2021: €83k
2022: €99k
2023: €129k
2024: €148k
2018 → 2025
Total assets
€325k▲ 3.7%
2024 · €314k
2018: €76k
2019: €209k
2020: €237k
2021: €262k
2022: €285k
2023: €326k
2024: €314k
2018 → 2025
Net result
€29k▲ 47.5%
2024 · €20k
2018: €20k
2019: €11k
2020: €4k
2021: €19k
2022: €17k
2023: €23k
2024: €20k
2018 → 2025
Working capital
€139k▲ 27.7%
2024 · €109k
2018: €48k
2019: €77k
2020: €32k
2021: €48k
2022: €63k
2023: €93k
2024: €109k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€83k-€99k▲ 20.5%€129k▲ 29.3%€148k▲ 15.2%€177k▲ 19.5%
Operating result€26k-€19k▼ 28.0%€31k▲ 64.8%€27k▼ 13.6%€37k▲ 38.6%
Net result€19k-€17k▼ 9.1%€23k▲ 35.5%€20k▼ 14.6%€29k▲ 47.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 39% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €325k
Fixed assets
€138k▼ 6.1%
Current assets
€187k▲ 12.2%
Equity and liabilities €325k
Equity
€177k▲ 19.5%
Debt
€148k▼ 10.5%
The debt ratio falls from 52.8% to 45.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k▲
2024 · €46k
Cash flow
€48k▲
2024 · €38k
Solvency
54.4%▲
2024 · 47.2%
Current ratio
3.91▲
2024 · 2.89
Quick ratio
3.91▲
2024 · 2.89
Debt / equity
0.84▼
2024 · 1.12
ROE
16.3%▲
2024 · 13.2%
ROA
8.9%▲
2024 · 6.2%
Interest coverage
35.97▲
2024 · 25.39
Debt
€148k▼
2024 · €166k
Debt ≤ 1 year
€48k▼
2024 · €58k
Debt > 1 year
€84k▼
2024 · €93k
Income taxes
€8k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€314k€325k▲
Fixed assets21/28€147k€138k▼
Intangible fixed assets21€385€150▼
Tangible fixed assets22/27€146k€137k▼
Land and buildings22€127k€116k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24€19k€18k▼
Financial fixed assets28€1k€1k=
Current assets29/58€167k€187k▲
Amounts receivable within one year40/41€43k€33k▼
Trade receivables40€43k€31k▼
Other amounts receivable41€238€2k▲
Cash at bank and in hand54/58€121k€152k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€314k€325k▲
Equity10/15€148k€177k▲
Contributions10/11€19k€19k=
Reserves13€46k€46k=
Distributable reserves133€46k€46k=
Profit (loss) carried forward14€83k€112k▲
Amounts payable17/49€166k€148k▼
Amounts payable after more than one year17€93k€84k▼
Financial debts170/4€93k€84k▼
Amounts payable within one year42/48€58k€48k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€2k€668▼
Suppliers440/4€2k€668▼
Taxes, remuneration and social security45€13k€10k▼
Taxes450/3€13k€8k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€35k€29k▼
Accrued charges and deferred income492/3€15k€16k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€49k€58k▲
Operating profit (loss)9901€27k€37k▲
Financial income75/76B€693€1k▲
Recurring financial income75€693€85▼
Non-recurring financial income76B-€1k
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€26k€37k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€20k€29k▲
Profit (loss) for the period to be appropriated9905€20k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83k€112k▲
Profit (loss) brought forward from the previous period14P€64k€83k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €29k ▲47.5%
Operating result €37k, net result €29k, both a record.
31-12
Financial
Equity above €150kEq €177k ▲19.5%
8 profitable years in a row build equity to €177k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Equity above €100kEq €129k ▲29.3%
6 profitable years in a row build equity to €129k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €4k ▼58.4%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Houtbriel 1A9000 GentGround area
1,281 m²
Building footprint
838 m²
Parcel 44802B1042/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
GRAAFWERK
since 20132.226.025.581
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44802B1042/00M000 | Flanders | 1,281 m² | 1 · 838 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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LIMONADE
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KWEB
BE 0658.932.480
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Witebox
BE 0878.278.184
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VOICES
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Of 1,325 companies in sector 59111 we hold annual accounts for 688. 465 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-11-2013
Fiscal year end31-12
Activities, NACEBEL
59111Production of cinema films
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:administratie@graafwerk.net