Skip to content

GRAVER CONSTRUCT

Active
Public limited companyfounded 200719 yrs activeZandvoordsestraat 189, 8460 Oudenburg, BelgiumKBO/BCE: BE 0892.022.589
Summary

GRAVER CONSTRUCT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€48,655. Equity is growing by ~3.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability17▼-20
Solvency81▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.13 in 2024; short-term debt: 20.2% and cash: 0.4% of total assets), and 44.3% 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

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-12-2025, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
38 d early
2024
43 d early
2023
41 d early
2022
1 d early
2021
49 d early
2020
93 d early
2019
28 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 42 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

GRAVER CONSTRUCT was incorporated on 12 September 2007.1 Total assets went from EUR 2.3 million in 2019 to EUR 2.4 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

Go further with this company

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, abbreviated schema

Equity
€1.3m▼ 3.5%
2024 · €1.4m
Total assets
€2.4m▼ 1.6%
2024 · €2.4m
Net result
-€48,655
2024 · €13,674
Working capital
-€461,325▼ 36.7%
2024 · -€337,393
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€33,287▲ 20.9%€68,353▲ 105%€53,068▼ 22.4%€51,109▼ 3.7%-€14,734
Net result€6,139▲ 713%€44,679▲ 628%€24,318▼ 45.6%€13,674▼ 43.8%-€48,655
Equity€1.3m▲ 153%€1.3m▲ 3.5%€1.4m▲ 1.8%€1.4m▲ 1.0%€1.3m▼ 3.5%
Total assets€2.4m▼ 1.3%€2.4m▼ 0.6%€2.4m=€2.4m▲ 0.4%€2.4m▼ 1.6%
Debt€1.1m▼ 41.8%€1.1m▼ 5.2%€1.0m▼ 2.2%€1.0m▼ 0.4%€1.1m▲ 1.0%
Working capital-€261,770▲ 73.9%-€267,107▼ 2.0%-€290,840▼ 8.9%-€337,393▼ 16.0%-€461,325▼ 36.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000Operating result 2021: €33,287€33,287Net result 2021: €6,139€6,139Operating result 2022: €68,353€68,353Net result 2022: €44,679€44,679Operating result 2023: €53,068€53,068Net result 2023: €24,318€24,318Operating result 2024: €51,109€51,109Net result 2024: €13,674€13,674Operating result 2025: -€14,734-€14,734Net result 2025: -€48,655-€48,65520212022202320242025-€50,000€0€50,000Operating result 2023: €53,068€53,100Net result 2023: €24,318€24,300Operating result 2024: €51,109€51,100Net result 2024: €13,674€13,700Operating result 2025: -€14,734-€14,700Net result 2025: -€48,655-€48,700202320242025
The operating result turns negative in 2025: a loss of €14,734 after €51,109 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets €2.4m ▼ 0.3%
Current assets €18,222 ▼ 62.9%
Equity and liabilities €2.4m
Equity €1.3m ▼ 3.5%
Debt €1.1m ▲ 1.0%
Debt's share of the balance-sheet total rises from 43.2% to 44.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1,758▼
2024 · €67,600
Cash flow
-€32,163▼
2024 · €30,166
Current ratio
0.04▼
2024 · 0.13
Debt to equity
0.80▲
2024 · 0.76
ROE
-3.7%▼
2024 · 1.0%
ROA
-2.0%▼
2024 · 0.6%
Interest coverage
0.05▼
2024 · 2.06
Debt ≤ 1 year
€479,547▲
2024 · €386,525
Debt > 1 year
€572,222▼
2024 · €638,889
Income taxes
€0▼
2024 · €4,558
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,688 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
0.5% went bankrupt
5.4% stopped otherwise
94% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 2,688 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.4m€2.4m▼
Fixed assets21/28€2.4m€2.4m▼
Tangible fixed assets22/27€2.4m€2.4m▼
Land and buildings22€2.4m€2.4m▼
Current assets29/58€49,132€18,222▼
Amounts receivable within one year40/41€8,966€7,951▼
Trade receivables40€1,524€509▼
Other amounts receivable41€7,442€7,442=
Cash at bank and in hand54/58€40,167€8,821▼
Deferred charges and accrued income490/1€0€1,451▲
Equity and liabilities
Total equity and liabilities10/49€2.4m€2.4m▼
Equity10/15€1.4m€1.3m▼
Contributions10/11€1.3m€1.3m=
Capital10€1.3m€1.3m=
Issued capital100€1.3m€1.3m=
Reserves13€97,821€49,167▼
Non-distributable reserves130/1€4,441€4,441=
Legal reserve130€4,441€4,441=
Distributable reserves133€93,381€44,726▼
Amounts payable17/49€1.0m€1.1m▲
Amounts payable after more than one year17€638,889€572,222▼
Financial debts170/4€638,889€572,222▼
Amounts payable within one year42/48€386,525€479,547▲
Current portion of amounts payable after more than one year42€66,667€66,667=
Trade debts44€4,847€3,276▼
Suppliers440/4€4,847€3,276▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€315,011€409,605▲
Accrued charges and deferred income492/3€18,894€2,800▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,491€16,491=
Other operating charges640/8€3,731€3,724▼
Gross operating margin9900€71,331€5,482▼
Operating profit (loss)9901€51,109-€14,734▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€32,876€33,921▲
Recurring financial charges65€32,876€33,921▲
Profit (loss) for the period before taxes9903€18,232-€48,655▼
Income taxes67/77€4,558€0▼
Profit (loss) for the period9904€13,674-€48,655▼
Profit (loss) for the period to be appropriated9905€13,674-€48,655▼
Appropriation of the result
Profit (loss) to be appropriated9906€13,674-€48,655▼
Transfer from equity791/2-€48,655
Transfer to equity691/2€13,674€0▼
To the legal reserve6920€684€0▼
To other reserves6921€12,991€0▼

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,491€16,491€16,491€16,491€16,491=
Other operating charges640/8-€5,430€3,864€3,731€3,724▼ 0.2%
Gross operating margin9900€55,232€90,274€73,423€71,331€5,482▼ 92.3%
Operating profit (loss)9901€33,287€68,353€53,068€51,109-€14,734▼ 129%
Financial income75/76B-€3,945€0-€0-
Recurring financial income75€0€3,945€0-€0-
Financial charges65/66B-€27,620€24,588€32,876€33,921▲ 3.2%
Recurring financial charges65€27,148€27,620€24,588€32,876€33,921▲ 3.2%
Profit (loss) for the period before taxes9903€6,139€44,679€28,480€18,232-€48,655▼ 367%
Income taxes67/77--€4,162€4,558€0▼ 100%
Profit (loss) for the period9904€6,139€44,679€24,318€13,674-€48,655▼ 456%
Profit (loss) for the period to be appropriated9905€6,139€44,679€24,318€13,674-€48,655▼ 456%
Line20212022202320242025Change
Assets
Total assets20/58€2.4m€2.4m€2.4m€2.4m€2.4m▼ 1.6%
Fixed assets21/28€2.4m€2.4m€2.4m€2.4m€2.4m▼ 0.3%
Tangible fixed assets22/27€2.4m€2.4m€2.4m€2.4m€2.4m▼ 0.3%
Land and buildings22-€2.4m€2.4m€2.4m€2.4m▼ 0.3%
Current assets29/58€21,397€23,480€40,626€49,132€18,222▼ 62.9%
Amounts receivable within one year40/41€281€0-€8,966€7,951▼ 11.3%
Trade receivables40-€0-€1,524€509▼ 66.6%
Other amounts receivable41---€7,442€7,442=
Cash at bank and in hand54/58€11,514€22,847€39,929€40,167€8,821▼ 78.0%
Deferred charges and accrued income490/1-€633€697€0€1,451-
Equity and liabilities
Total equity and liabilities10/49€2.4m€2.4m€2.4m€2.4m€2.4m▼ 1.6%
Equity10/15€1.3m€1.3m€1.4m€1.4m€1.3m▼ 3.5%
Contributions10/11€1.3m€1.3m€1.3m€1.3m€1.3m=
Capital10-€1.3m€1.3m€1.3m€1.3m=
Issued capital100-€1.3m€1.3m€1.3m€1.3m=
Reserves13€15,150€59,829€84,147€97,821€49,167▼ 49.7%
Non-distributable reserves130/1-€2,541€3,757€4,441€4,441=
Legal reserve130-€2,541€3,757€4,441€4,441=
Distributable reserves133-€57,288€80,390€93,381€44,726▼ 52.1%
Amounts payable17/49€1.1m€1.1m€1.0m€1.0m€1.1m▲ 1.0%
Amounts payable after more than one year17€838,889€772,222€705,555€638,889€572,222▼ 10.4%
Financial debts170/4-€772,222€705,555€638,889€572,222▼ 10.4%
Amounts payable within one year42/48€283,167€290,587€331,466€386,525€479,547▲ 24.1%
Current portion of amounts payable after more than one year42-€66,667€66,667€66,667€66,667=
Trade debts44€1,500€2,803€3,290€4,847€3,276▼ 32.4%
Suppliers440/4-€2,803€3,290€4,847€3,276▼ 32.4%
Taxes, remuneration and social security45--€4,162€0--
Taxes450/3--€4,162€0--
Other amounts payable47/48-€221,118€257,348€315,011€409,605▲ 30.0%
Accrued charges and deferred income492/3-€9,334€11,458€18,894€2,800▼ 85.2%
Line20212022202320242025Change
Profit (loss) for the period9904€6,139€44,679€24,318€13,674-€48,655▼ 456%
+ Depreciation and write-downs630€16,491€16,491€16,491€16,491€16,491=
Operating cash flow (approximation)€22,630€61,170€40,809€30,166-€32,163▼ 207%
Investment in fixed assets (approximation)-€0€0-€17,487-€9,009▲ 48.5%
Change in cash-€11,334€17,082€237-€31,346▼ 13,309%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2025
24-12
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial Weakest financial yearnet -€48,655
Net result drops to -€48,655, the lowest in the series.
2024
19-12
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
21-12
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
30-01
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial Highest result since 2019net €44,679 ▲628%
Operating result €68,353, net result €44,679, both a record.
2021
13-12
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial Equity above €1mEq €1.3m ▲153%
2 profitable years in a row build equity to €1.3m.
2020
30-10
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial Back to profitnet €755
Net result €755 after one loss-making year.
03-01
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-11
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
23-11
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
05-01
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Oudenburg · 1 establishment unit since 2007
seat establishment The establishment unit on the map
Ground area
4,287 m²
Building footprint
267 m²
Parcel 35014C0425/00S000, Flanders. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
GRAVER CONSTRUCT
Zandvoordsestraat 189, 8460 OudenburgNACE 70111
since 20072.185.086.732
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35014C0425/00S000 Flanders 4,287 m² 1 · 267 m² 0.0 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

Owners and holdings

1 owner

Chain of control

  1. GRACO 99.92%
  2. GRAVER CONSTRUCT

Highest known parent: GRACO. The sources do not say who stands above it.

Owners 1

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.

Identification & contact

Identification
Legal formPublic limited company
Founded12-09-2007
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID 0208:0892022589
Also 9925:BE0892022589
Registered 08-04-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.