Graef Works
ActiveGraef Works has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.09M and a net result of €354k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 55% of 3256 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
71
/ 100
Healthy▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency62▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.05 in 2024), and 49.3% 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 69
Relative position
BE, all sectors
reference
Sector 69
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
50.7%
Return on assets
16.5%
Age of the figures
8 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
16 d early
2023
29 d late
2022
30 d late
2021
31 d late
2020
87 d late
2019
92 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.09M▲ 5.3%
2024 · €1.04M
2018: €602k
2019: €641k
2020: €819k
2021: €877k
2022: €916k
2023: €943k
2024: €1.04M
2018 → 2025
Total assets
€2.15M▲ 0.1%
2024 · €2.15M
2018: €2.37M
2019: €2.35M
2020: €2.30M
2021: €2.23M
2022: €2.22M
2023: €2.19M
2024: €2.15M
2018 → 2025
Net result
€354k▲ 17.3%
2024 · €302k
2018: €114k
2019: €138k
2020: €177k
2021: €118k
2022: €159k
2023: €189k
2024: €302k
2018 → 2025
Working capital
€-608k▼ 1.6%
2024 · €-599k
2018: €-362k
2019: €-419k
2020: €-391k
2021: €-510k
2022: €-589k
2023: €-653k
2024: €-599k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€877k-€916k▲ 4.5%€943k▲ 3.0%€1.04M▲ 9.8%€1.09M▲ 5.3%
Operating result€187k-€194k▲ 4.1%€204k▲ 4.8%€290k▲ 42.5%€296k▲ 2.1%
Net result€118k-€159k▲ 34.7%€189k▲ 18.8%€302k▲ 59.8%€354k▲ 17.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 2% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.15M
Fixed assets
€2.09M▼ 1.1%
Current assets
€55k▲ 87.2%
Equity and liabilities €2.15M
Equity
€1.09M▲ 5.3%
Debt
€1.06M▼ 4.7%
The debt ratio falls from 51.7% to 49.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€348k▲
2024 · €340k
Cash flow
€406k▲
2024 · €352k
Solvency
50.7%▲
2024 · 48.3%
Current ratio
0.08▲
2024 · 0.05
Quick ratio
0.08▲
2024 · 0.05
Debt / equity
0.97▼
2024 · 1.07
ROE
32.5%▲
2024 · 29.2%
ROA
16.5%▲
2024 · 14.1%
Interest coverage
14.03▼
2024 · 16.51
Debt
€1.06M▼
2024 · €1.11M
Debt ≤ 1 year
€663k▲
2024 · €628k
Debt > 1 year
€395k▼
2024 · €482k
Income taxes
€67k▼
2024 · €68k
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€2.15M€2.15M▲
Fixed assets21/28€2.12M€2.09M▼
Tangible fixed assets22/27€916k€893k▼
Land and buildings22€887k€864k▼
Plant, machinery and equipment23€28k€28k▲
Financial fixed assets28€1.20M€1.20M=
Current assets29/58€29k€55k▲
Amounts receivable within one year40/41€21k€3k▼
Other amounts receivable41€21k€3k▼
Cash at bank and in hand54/58€4k€52k▲
Deferred charges and accrued income490/1€5k€0▼
Equity and liabilities
Total equity and liabilities10/49€2.15M€2.15M▲
Equity10/15€1.04M€1.09M▲
Contributions10/11€225k€225k=
Reserves13€810k€865k▲
Distributable reserves133€810k€865k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.11M€1.06M▼
Amounts payable after more than one year17€482k€395k▼
Financial debts170/4€482k€395k▼
Amounts payable within one year42/48€628k€663k▲
Current portion of amounts payable after more than one year42€78k€75k▼
Trade debts44€18k€52k▲
Suppliers440/4€18k€52k▲
Taxes, remuneration and social security45€14k€15k▲
Taxes450/3€14k€15k▲
Other amounts payable47/48€518k€522k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€52k▲
Other operating charges640/8€6k€6k▲
Gross operating margin9900€346k€354k▲
Operating profit (loss)9901€290k€296k▲
Financial income75/76B€100k€150k▲
Recurring financial income75€100k€150k▲
Financial charges65/66B€21k€25k▲
Recurring financial charges65€21k€25k▲
Profit (loss) for the period before taxes9903€370k€422k▲
Income taxes67/77€68k€67k▼
Profit (loss) for the period9904€302k€354k▲
Profit (loss) for the period to be appropriated9905€302k€354k▲
Appropriation of the result
Profit (loss) to be appropriated9906€302k€354k▲
Transfer from equity791/2-€300k
Transfer to equity691/2€92k€354k▲
To other reserves6921€92k€354k▲
Profit to be distributed694/7€210k€300k▲
Return on contributions (dividend)694€210k€300k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (20 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €354k ▲17.3%
Operating result €296k, net result €354k, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.04M ▲9.8%
7 profitable years in a row build equity to €1.04M.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 87 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
05-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 36 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Essen · 1 establishment unit since 2014
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.
Over d'Aa 242910 EssenGround area
1,515 m²
Building footprint
263 m²
Volume, LiDAR
847 m³
Parcel 11016B0346/00C000, Flanders · tallest building 7.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Graef Works
since 20142.232.362.651
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11016B0346/00C000 | Flanders | 1,515 m² | 1 · 263 m² | 7.5 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 360 EUR awarded · 360 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 360 EUR | 360 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,122 companies in sector 69201 we hold annual accounts for 7,601. 4,268 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-06-2014
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.