GRAEFF
ActiveSummary
GRAEFF has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €8,505. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 92% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-20
Solvency100▲+8
Growth52=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 2.55 in 2024; short-term debt: 3.2% and cash: 2.3% of total assets), and 6.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
93.6%
Return on assets
0.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €1.2m
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 19-07-2026, 12 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
12 d early
2024
26 d early
2023
24 d late
2022
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 12 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.2m▲ 2,175%
2024 · €53,856
Total assets
€1.3m▲ 1,520%
2024 · €80,851
Net result
€8,505▼ 39.1%
2024 · €13,956
Working capital
€3,052▼ 92.5%
2024 · €40,751
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€27,747-€14,685▼ 47.1%€21,638▲ 47.3%€14,716▼ 32.0%
Net result€18,175within the sector's middle half-€11,724within the sector's middle half▼ 35.5%€13,956within the sector's middle half▲ 19.0%€8,505within the sector's middle half▼ 39.1%
Equity€28,175within the sector's middle half-€39,899within the sector's middle half▲ 41.6%€53,856within the sector's middle half▲ 35.0%€1.2mabove the sector's middle half▲ 2,175%
Total assets€44,270below the sector's middle half-€61,392below the sector's middle half▲ 38.7%€80,851within the sector's middle half▲ 31.7%€1.3mabove the sector's middle half▲ 1,520%
Debt€16,095-€21,493▲ 33.5%€26,995▲ 25.6%€84,354▲ 212%
Working capital€20,332within the sector's middle half-€26,584within the sector's middle half▲ 30.7%€40,751within the sector's middle half▲ 53.3%€3,052within the sector's middle half▼ 92.5%
Solvency63.6%within the sector's middle half-65.0%within the sector's middle half▲ 1.3pp66.6%within the sector's middle half▲ 1.6pp93.6%above the sector's middle half▲ 26.9pp
Current ratio2.26within the sector's middle half-2.24within the sector's middle half▼ 0.032.55within the sector's middle half▲ 0.311.07within the sector's middle half▼ 1.48
Return on assets (ROA)41.1%above the sector's middle half-19.1%within the sector's middle half▼ 22.0pp17.3%within the sector's middle half▼ 1.8pp0.6%below the sector's middle half▼ 16.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.3m ▲ 9,058%
Current assets
€44,495 ▼ 33.6%
Equity and liabilities €1.3m
Equity
€1.2m ▲ 2,175%
Debt
€84,354 ▲ 212%
Debt's share of the balance-sheet total falls from 33.4% to 6.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,610▼
2024 · €23,246
Cash flow
€10,399▼
2024 · €15,564
Debt to equity
0.07▼
2024 · 0.50
ROE
0.7%▼
2024 · 25.9%
Interest coverage
12.47▼
2024 · 21.54
Debt ≤ 1 year
€41,443▲
2024 · €26,288
Debt > 1 year
€37,500
Income taxes
€4,879▼
2024 · €6,603
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,209 | €1,241 | €1,608 | €1,894 | ▲ 17.8% |
| Other operating charges640/8 | €991 | - | €282 | €732 | ▲ 160% |
| Gross operating margin9900 | €29,947 | €15,926 | €23,528 | €17,342 | ▼ 26.3% |
| Operating profit (loss)9901 | €27,747 | €14,685 | €21,638 | €14,716 | ▼ 32.0% |
| Financial income75/76B | - | €13 | - | - | - |
| Recurring financial income75 | - | €13 | - | - | - |
| Financial charges65/66B | €405 | €142 | €1,079 | €1,332 | ▲ 23.4% |
| Recurring financial charges65 | €405 | €142 | €1,079 | €1,332 | ▲ 23.4% |
| Profit (loss) for the period before taxes9903 | €27,342 | €14,556 | €20,559 | €13,384 | ▼ 34.9% |
| Income taxes67/77 | €9,167 | €2,832 | €6,603 | €4,879 | ▼ 26.1% |
| Profit (loss) for the period9904 | €18,175 | €11,724 | €13,956 | €8,505 | ▼ 39.1% |
| Profit (loss) for the period to be appropriated9905 | €18,175 | €11,724 | €13,956 | €8,505 | ▼ 39.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €44,270 | €61,392 | €80,851 | €1.3m | ▲ 1,520% |
| Fixed assets21/28 | €7,843 | €13,315 | €13,812 | €1.3m | ▲ 9,058% |
| Tangible fixed assets22/27 | €7,843 | €13,315 | €13,812 | €11,918 | ▼ 13.7% |
| Plant, machinery and equipment23 | - | €6,377 | €6,756 | €5,870 | ▼ 13.1% |
| Furniture and vehicles24 | €7,843 | €6,938 | €7,056 | €6,048 | ▼ 14.3% |
| Financial fixed assets28 | - | - | - | €1.3m | - |
| Current assets29/58 | €36,427 | €48,077 | €67,039 | €44,495 | ▼ 33.6% |
| Amounts receivable within one year40/41 | €22,706 | €44,098 | €58,320 | €14,134 | ▼ 75.8% |
| Trade receivables40 | €22,373 | €44,098 | €58,320 | €8,508 | ▼ 85.4% |
| Other amounts receivable41 | €333 | - | - | €5,626 | - |
| Cash at bank and in hand54/58 | €13,721 | €3,979 | €8,719 | €30,361 | ▲ 248% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €44,270 | €61,392 | €80,851 | €1.3m | ▲ 1,520% |
| Equity10/15 | €28,175 | €39,899 | €53,856 | €1.2m | ▲ 2,175% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €1.2m | ▲ 11,405% |
| Reserves13 | €18,175 | €18,175 | €32,131 | €40,637 | ▲ 26.5% |
| Distributable reserves133 | €18,175 | €18,175 | €32,131 | €40,637 | ▲ 26.5% |
| Profit (loss) carried forward14 | - | €11,724 | €11,725 | €33,903 | ▲ 189% |
| Amounts payable17/49 | €16,095 | €21,493 | €26,995 | €84,354 | ▲ 212% |
| Amounts payable after more than one year17 | - | - | - | €37,500 | - |
| Financial debts170/4 | - | - | - | €37,500 | - |
| Amounts payable within one year42/48 | €16,095 | €21,493 | €26,288 | €41,443 | ▲ 57.6% |
| Trade debts44 | €3,300 | €1,548 | €1,732 | €7,484 | ▲ 332% |
| Suppliers440/4 | €3,300 | €1,548 | €1,732 | €7,484 | ▲ 332% |
| Taxes, remuneration and social security45 | €12,795 | €14,152 | €13,246 | €16,818 | ▲ 27.0% |
| Taxes450/3 | €12,795 | €14,152 | €13,221 | €16,818 | ▲ 27.2% |
| Remuneration and social security454/9 | - | - | €25 | - | - |
| Other amounts payable47/48 | - | €5,793 | €11,310 | €17,141 | ▲ 51.6% |
| Accrued charges and deferred income492/3 | - | - | €707 | €5,411 | ▲ 665% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,175 | €11,724 | €13,956 | €8,505 | ▼ 39.1% |
| + Depreciation and write-downs630 | €1,209 | €1,241 | €1,608 | €1,894 | ▲ 17.8% |
| Operating cash flow (approximation) | €19,384 | €12,965 | €15,564 | €10,399 | ▼ 33.2% |
| Investment in fixed assets (approximation) | - | -€6,713 | -€2,105 | -€1.3m | ▼ 59,425% |
| Change in cash | - | -€9,742 | €4,740 | €21,642 | ▲ 357% |
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
19-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
04-03
State Gazette act
RestructuringAppointment: Moore Audit BV (statutory auditor) · Demerger · Share issue8 facts ▸
State Gazette act
Restructuring
Appointment: Moore Audit BV (statutory auditor) · Demerger · Share issue8 facts ▸
- General meeting
- Demerger, splitsing door overname, EUR
- Share issue, 5000, vergoeding voor inbreng in natura
- Accounting effect, 01-07-2025
- Statutes amendment
- Auditor appointment, Moore Audit BV
- Demerger, 50% per Verkrijgende Vennootschap
- Accounting effect, EUR, 22.177,80
2025
31-12
Financial
Weakest financial yearnet €8,505 ▼39.1%
Net result drops to €8,505, the lowest in the series.
31-12
Financial
Equity above €1mEq €1.2m ▲2,175%
4 profitable years in a row build equity to €1.2m.
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
BV MOORE AUDIT
CurrentAuditor · since 13-01-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2021
Ground area
73 m²
Building footprint
53 m²
Volume, LiDAR
448 m³
Parcel 44021A2898/00P002, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GRAEFF
since 20212.312.142.676
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A2898/00P002 | Flanders | 73 m² | 1 · 53 m² | 12.2 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| BV MOORE AUDIT |
|
Articles of association
Purpose
Verlenen van bijstand en professioneel advies ... Verlenen van advies en praktische hulp ... Maken van haalbaarheidsstudies ... Delen van expertise ... Als tussenpersoon optreden…
Full purpose
Verlenen van bijstand en professioneel advies ... Verlenen van advies en praktische hulp ... Maken van haalbaarheidsstudies ... Delen van expertise ... Als tussenpersoon optreden ... Aankopen en verkopen ... Beleggen van vermogens ... Houden, beheren, verwerven en vervreemden van participaties ... Verlenen van bijstand en professioneel advies ... Het aanwenden van onroerende goederen ... Optreden als commissaris ... Delen van expertise ... Borgstelling ...
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionDemerger with:NEXT QUEST VENTURES
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 25,649 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
Founded14-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46180Agents specialised in the wholesale of other particular products
64999Other financial services
68310Real estate agency activities
73300Public relations and communication consultancy
82990Other business support services
Contact
E-mail
freek.borghgraef@outlook.com
Phone
0496769848
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761613118
Also
9925:BE0761613118
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.