HET SCHAAFJE
ActiveHET SCHAAFJE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €728k and a net result of €170k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 81% of 2039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-13
Solvency96▲+1
Growth71▲+5
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 3.4 against 2.01 in 2024; short-term debt: 19.7% and cash: 37.2% of total assets), and 29.5% 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+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
70.5%
Return on assets
16.5%
Age of the figures
9 mo
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
13 d early
2023
23 d early
2022
23 d early
2021
23 d early
2020
23 d early
2019
44 d early
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.21M▲ 37.6%
2024 · €1.61M
2018: €1.34M
2019: €1.05M
2020: €1.09M
2021: €1.48M
2022: €1.36M
2023: €1.34M
2024: €1.61M
2018 → 2025
EBIT margin
7.9%▼ 10.3pp
2024 · 18.3%
2018: 13.2%
2019: 9.3%
2020: 10.9%
2021: 8.9%
2022: 8.2%
2023: 11.5%
2024: 18.3%
2018 → 2025
Net result
€170k▼ 16.0%
2024 · €203k
2018: €117k
2019: €87k
2020: €80k
2021: €66k
2022: €71k
2023: €106k
2024: €203k
2018 → 2025
Working capital
€488k▲ 65.1%
2024 · €296k
2018: €7k
2019: €245k
2020: €300k
2021: €416k
2022: €275k
2023: €399k
2024: €296k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.48M-€1.36M▼ 8.0%€1.34M▼ 1.2%€1.61M▲ 19.7%€2.21M▲ 37.6%
Equity€676k-€580k▼ 14.2%€686k▲ 18.3%€688k▲ 0.3%€728k▲ 5.8%
Operating result€132k-€112k▼ 15.3%€154k▲ 38.2%€294k▲ 90.5%€175k▼ 40.3%
Net result€66k-€71k▲ 8.1%€106k▲ 49.3%€203k▲ 91.4%€170k▼ 16.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.03M
Fixed assets
€341k▼ 13.2%
Current assets
€692k▲ 17.6%
Equity and liabilities €1.03M
Equity
€728k▲ 5.8%
Debt
€304k▲ 4.0%
The debt ratio falls from 29.8% to 29.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€276k▼
2024 · €376k
Cash flow
€271k▼
2024 · €285k
Solvency
70.5%▲
2024 · 70.2%
Current ratio
3.40▲
2024 · 2.01
Quick ratio
3.00▲
2024 · 1.88
Debt / equity
0.42▼
2024 · 0.42
ROE
23.4%▼
2024 · 29.5%
ROA
16.5%▼
2024 · 20.7%
Interest coverage
55.99▼
2024 · 166.58
Debt
€304k▲
2024 · €292k
Debt ≤ 1 year
€204k▼
2024 · €292k
Debt > 1 year
€100k
Staff costs
€162k▲
2024 · €118k
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€980k€1.03M▲
Fixed assets21/28€393k€341k▼
Intangible fixed assets21€834€296▼
Tangible fixed assets22/27€390k€340k▼
Land and buildings22€157k€133k▼
Plant, machinery and equipment23€140k€119k▼
Furniture and vehicles24€84k€88k▲
Assets under construction and advance payments27€8k-
Financial fixed assets28€2k€59▼
Current assets29/58€588k€692k▲
Stocks and contracts in progress3€38k€80k▲
Stocks30/36€38k€80k▲
Amounts receivable within one year40/41€324k€228k▼
Trade receivables40€284k€200k▼
Other amounts receivable41€40k€28k▼
Cash at bank and in hand54/58€219k€384k▲
Deferred charges and accrued income490/1€7k-
Equity and liabilities
Total equity and liabilities10/49€980k€1.03M▲
Equity10/15€688k€728k▲
Contributions10/11€19k€19k=
Outside capital11-€19k
Other1109/19-€19k
Reserves13€669k€709k▲
Tax-exempt reserves132€46k€46k=
Distributable reserves133€623k€663k▲
Amounts payable17/49€292k€304k▲
Amounts payable after more than one year17-€100k
Financial debts170/4-€100k
Amounts payable within one year42/48€292k€204k▼
Current portion of amounts payable after more than one year42€19k€36k▲
Trade debts44€143k€87k▼
Suppliers440/4€143k€87k▼
Taxes, remuneration and social security45€45k€510▼
Taxes450/3€40k€510▼
Remuneration and social security454/9€5k-
Other amounts payable47/48€86k€80k▼
Income statement
Code20242025
Turnover70€1.61M€2.21M▲
Non-recurring operating income76A€6k€10k▲
Goods, raw materials, services and sundry goods60/61€1.11M€1.81M▲
Remuneration, social security and pensions62€118k€162k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€82k€101k▲
Other operating charges640/8€7k€8k▲
Gross operating margin9900€502k€446k▼
Operating profit (loss)9901€294k€175k▼
Financial income75/76B€134€210▲
Recurring financial income75€134€210▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€292k€170k▼
Income taxes67/77€89k-
Profit (loss) for the period9904€203k€170k▼
Profit (loss) for the period to be appropriated9905€203k€170k▼
Appropriation of the result
Profit (loss) to be appropriated9906€203k€170k▼
Transfer from equity791/2€201k€80k▼
Transfer to equity691/2€203k€170k▼
To other reserves6921€203k€170k▼
Profit to be distributed694/7€201k€80k▼
Return on contributions (dividend)694€201k€80k▼
Social balance
Average headcount (FTE)90871.42.4▲
The notes to these accounts (12 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €203k ▲91.4%
Operating result €294k, net result €203k, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €66k ▼17.9%
Net result drops to €66k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 12.77
Current ratio from 2.79 to 12.77; short-term debt falls from €167k to €35k.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €530k ▲19.5%
2 profitable years in a row build equity to €530k.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
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.
Directors · office · real estate
Directors
3 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, Haaltert · 1 establishment unit since 1988
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.
Ninovestraat(ER) 19450 HaaltertGround area
3,448 m²
Building footprint
281 m²
Parcel 41024B1406/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
HET SCHAAFJE
since 19882.032.675.976
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41024B1406/00R000 | Flanders | 3,448 m² | 1 · 281 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 855 EUR awarded · 855 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 855 EUR | 855 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
ELBACO
BE 0827.722.279
Vorselaar · Eq €728k
JEF REMIJSEN
BE 0450.424.349
Turnhout · Eq €729k
DENYS
BE 0428.717.333
Ledegem · Eq €729k
SORY
BE 0444.842.196
Mouscron · Eq €729k
Alupelt
BE 0696.819.492
Pelt · Eq €730k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 5,130 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-11-1987
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.