Equity
-€90,703
Debts exceed assets in financial year 2025.
Newcraft
Lifetime
11 annual accounts with figures on one time axispeak €146,251 (2022)
€24,889▼ 22.8%
lowest -€118,338 (2023)
€5,637▼ 26.0%
peak €15,090 (2019)
-€90,703▲ €5,637
€262,393▼ 4.6%
peak 1.8 FTE (2016)
0 FTE
Board2 names since 2013
2 directorsMICHIELS Yves August Hermine and 1 other
Owners
Documentsfilings and deeds
16-06-202614 days before the deadline
2025abbreviated format
Gross margin from €32,260 to €24,889Result from €7,616 to €5,637
Key points
from the 2025 annual accountsTurnover
≈ €100,000 estimated
The abbreviated format states no turnover.
Debts
€262,393 153% of the balance sheet
Financial debts 30%Suppliers 11%Taxes and wages 0%Other 58%
Investments
€16,152 1.7 × depreciation
Green is investment, beige is depreciation. Machinery stands 562.9% higher than in 2024.
Filings
11 annual accounts since 2014
Five of the last ten came late. The 2015 accounts came latest: 30 days after the end of the period.
Position in the sector
-52.8%
Lower solvency than 95% of companies in real estate. Sector median 30.7% · 11,299 companies.
Checked score
54
Fair
Financially stronger than 29% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.8%
01-2025: 3.9%▲ +0.1 percentage points vs 12-2024highest value
02-2025: 3.8%▼ -0.1 percentage points vs 01-2025
03-2025: 3.8%● unchanged vs 02-2025
04-2025: 3.7%▼ -0.1 percentage points vs 03-2025
05-2025: 3.6%▼ -0.1 percentage points vs 04-2025
06-2025: 3.8%▲ +0.2 percentage points vs 05-2025
07-2025: 0.5%▼ -3.3 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.4%▼ -0.1 percentage points vs 04-2026lowest value
06-2026: 0.5%▲ +0.1 percentage points vs 05-2026
07-2026: 0.7%▲ +0.2 percentage points vs 06-2026
08-2026: 0.7%● unchanged vs 07-2026
09-2026: 1.0%▲ +0.3 percentage points vs 08-2026
10-2026: 0.5%▼ -0.5 percentage points vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€90,703
lowers risk
Size: total assets €171,690
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 5% of them on solvency, 12% on liquidity, 39% on profitability and 60% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-11-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,379 companies had the same profile as Newcraft has now. Each dot stands for 4 companies, two years later.
94.3%
were still trading
3.2%
stopped another way
2.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Newcraft itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,379 companies, not a prediction for Newcraft. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.57 (0.76 in 2024), below 1. Short-term debt is 152.8% and cash 9.9% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 11299 sector peers (2025).
NBB · sector comparisonPosition among 11299 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 16-06-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 days early
2024
5 days early
2023
5 days early
2022
35 days early
2020
30 days late
2019
3 days late
2018
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. The company usually files around 21 June (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today30-11-2026 year end30-06-2027 deadline
Recent changes
Appointment: Laurens MICHIELS (director)
General meeting of 27-11-2023 · Gazette deed
Appointment: MICHIELS Yves August Hermine (director)
“zoals nagemeld” (deed in Dutch) · Legal-form conversion: to private limited company · General meeting of 28-12-2021 · Gazette deed
Appointment: MICHIELS Yves August Hermine (director)
“Onroerende goederen - zoals gronden, woningen, bedrijfsgebouwen, kantoorgebouwen, appartementsgebouwen, hotels…” (deed in Dutch) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 28-12-2021 · Gazette deed
Incorporation
published on 21-03-2013 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Newcraft Sint-Katelijne-Waver | €171,690 | €24,889 | -52.8% | 0 |
| Dumon Bouwwerken Damme | €275,197 | €18,629 | 26.2% | 0 |
| ECOBOUWER Torhout | €105,673 | €46,855 | 45.8% | 0 |
| BONT Hasselt | €238,692 | €77,894 | 63.5% | 0 |
| VANTORRE CONSTRUCT Knokke-Heist | €158,465 | €5,528 | 4.9% | 0 |
| AANNEMINGEN LITHOS Sint-Pieters-Leeuw | €208,244 | €128,847 | 75.0% | 0 |
| Luxus Oostende Ostend | €378,137 | €10,968 | 98.9% | 0 |
These companies have the same main activity as Newcraft: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €106,000 and €378,000, founded between 2011 and 2014.
Official details
Source: KBO- Status
- Active since 19-03-2013Normal situation
- Activity
- Development of residential building projectsNACE 68121and 4 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 124Construction · annual accounts 30-11-2025
- Establishment unit
- 2.219.888.6492860 Sint-Katelijne-Waver, since 19-03-2013
- Financial year end
- 30 November
- Peppol
- Reachable
Annual accounts to 30-11-2025
- €171,690▼ 3.9%
- Filing
- Filed on 16-06-2026, 14 days before the end of the filing period
Insights on Newcraft
Newcraft files the abbreviated format. That format states no turnover. The gross margin rose from €12,572 in 2014 to €24,889 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Newcraft
- What is the company number of Newcraft?
- The company number of Newcraft is 0523.970.442. The VAT number is the same number with BE in front: BE 0523.970.442.
- Where is Newcraft based?
- The registered office is at Kalkoenstraat 18, 2860 Sint-Katelijne-Waver.Company details
- What does Newcraft do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of Newcraft?
- Newcraft is a private limited company (BV).
- When was Newcraft founded?
- Newcraft was founded on 19-03-2013.
- Is Newcraft still active?
- Yes, Newcraft is an active enterprise in the KBO register.
- How many employees does Newcraft have?
- Newcraft had an average of 1.2 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does Newcraft fall under?
- In its 30-11-2025 annual accounts, Newcraft states joint committees 200 (Auxiliary committee for white-collar workers) and 124 (Construction).
- What is the turnover of Newcraft?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €24,889 and 48 comparable companies (NACE 68121). It probably lies between €51,000 and €330,000. It is a rough estimate.
- Is Newcraft profitable?
- In financial year 2025, Newcraft made a profit of €5,637.
- Where can I find the annual accounts of Newcraft?
- Newcraft filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Newcraft due?
- Newcraft must file the annual accounts for financial year 2026 by 30-06-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.