Koen De Grave
ActiveSummary
Koen De Grave has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €206k and a net result of €185k. Equity is shrinking by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
96
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+57
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 3.69 against 0.78 in 2024; short-term debt: 23.9% and cash: 88% of total assets), and 23.9% of the assets are financed with debt.
Credit advice for your own amount and term
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 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
76.1%
Return on assets
68.4%
Age of the figures
9 mo
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 · 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
1819202122232425
2018 to 2025 · latest year €206k
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 28-07-2026, 3 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
3 d early
2024
31 d early
2023
35 d early
2022
26 d early
2021
11 d early
2020
3 d early
2019
32 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€206k▲ 893%
2024 · €21k
2018: €62k
2019: €211k
2020: €358k
2021: €31k
2022: €36k
2023: €48k
2024: €21k
2018 → 2025
Total assets
€271k▲ 134%
2024 · €116k
2018: €154k
2019: €356k
2020: €539k
2021: €643k
2022: €378k
2023: €435k
2024: €116k
2018 → 2025
Net result
€185k▲ 7.3%
2024 · €172k
2018: €43k
2019: €149k
2020: €147k
2021: €173k
2022: €175k
2023: €182k
2024: €172k
2018 → 2025
Working capital
€174k
2024 · €-21k
2018: €62k
2019: €210k
2020: €358k
2021: €31k
2022: €36k
2023: €48k
2024: €-21k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€31k-€36k▲ 15.8%€48k▲ 34.3%€21k▼ 57.1%€206k▲ 893%
Operating result€228k-€233k▲ 2.2%€238k▲ 2.1%€224k▼ 5.7%€241k▲ 7.2%
Net result€173k-€175k▲ 1.1%€182k▲ 4.3%€172k▼ 5.4%€185k▲ 7.3%
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 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €271k
Fixed assets
€32k ▼ 24.2%
Current assets
€239k ▲ 224%
Equity and liabilities €271k
Equity
€206k ▲ 893%
Debt
€65k ▼ 31.7%
Debt's share of the balance-sheet total falls from 82.1% to 23.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€251k▲
2024 · €233k
Cash flow
€195k▲
2024 · €181k
Current ratio
3.69▲
2024 · 0.78
Debt to equity
0.31▼
2024 · 4.58
ROE
89.9%▼
2024 · 832.3%
ROA
68.4%▼
2024 · 149.2%
Interest coverage
5967.14▲
2024 · 1571.43
Debt ≤ 1 year
€65k▼
2024 · €95k
Income taxes
€55k▲
2024 · €52k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€116k€271k▲
Fixed assets21/28€42k€32k▼
Tangible fixed assets22/27€42k€32k▼
Furniture and vehicles24€42k€32k▼
Current assets29/58€74k€239k▲
Amounts receivable within one year40/41€3k€631▼
Trade receivables40€561€631▲
Other amounts receivable41€3k€0▼
Cash at bank and in hand54/58€71k€238k▲
Deferred charges and accrued income490/1€213€200▼
Equity and liabilities
Total equity and liabilities10/49€116k€271k▲
Equity10/15€21k€206k▲
Contributions10/11€19k€19k=
Reserves13€2k€187k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€316€185k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€95k€65k▼
Amounts payable within one year42/48€95k€65k▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€49k€35k▼
Taxes450/3€49k€35k▼
Other amounts payable47/48€44k€27k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€936€678▼
Gross operating margin9900€234k€251k▲
Operating profit (loss)9901€224k€241k▲
Financial charges65/66B€148€42▼
Recurring financial charges65€148€42▼
Profit (loss) for the period before taxes9903€224k€241k▲
Income taxes67/77€52k€55k▲
Profit (loss) for the period9904€172k€185k▲
Profit (loss) for the period to be appropriated9905€172k€185k▲
Appropriation of the result
Profit (loss) to be appropriated9906€172k€185k▲
Transfer from equity791/2€28k€0▼
Transfer to equity691/2€316€185k▲
To other reserves6921€316€185k▲
Profit to be distributed694/7€200k€0▼
Return on contributions (dividend)694€200k€0▼
The notes to these accounts (4 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €185k ▲7.3%
Operating result €241k, net result €185k, both a record.
31-12
Financial
Liquidity times 5current ratio 3.69
Current ratio from 0.78 to 3.69; short-term debt falls from €95k to €65k.
31-12
Financial
Equity above €200kEq €206k ▲893%
8 profitable years in a row build equity to €206k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €211k ▲240%
2 profitable years in a row build equity to €211k.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
03-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2018
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.
Kruishofstraat 1462020 AntwerpenGround area
6,175 m²
Building footprint
887 m²
Parcel 11809I2319/00A002, Flanders. Linked by address, not a title deed.
1 establishment unit
Koen De Grave
since 20182.277.682.734
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2319/00A002 | Flanders | 6,174 m² | 1 · 887 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.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,354 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.