SCHRAAG
ActiveSummary
SCHRAAG has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €62,660 and a net result of -€17,654. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 81% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-79
Solvency100▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.59 against 2.6 in 2023; short-term debt: 23.7% and cash: 38.4% of total assets), and 25.2% of the assets are financed with debt.
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Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
74.8%
Return on assets
-21.1%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d late
2023
41 d early
2022
26 d early
2021
26 d early
2020
38 d early
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror
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Financials · fiscal year 2024, micro schema
Equity
€62,660▼ 22.0%
2023 · €80,314
Total assets
€83,809▼ 27.4%
2023 · €115,482
Net result
-€17,654
2023 · €9,070
Working capital
€31,444▼ 31.4%
2023 · €45,867
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
Line20202021202220232024
Operating result-€4,548-€10,593▼ 133%€4,092€12,249▲ 199%-€17,240
Net result-€3,663-€10,982▼ 200%€3,691€9,070▲ 146%-€17,654
Equity€78,535▼ 4.5%€67,553▼ 14.0%€71,244▲ 5.5%€80,314▲ 12.7%€62,660▼ 22.0%
Total assets€88,806▼ 7.5%€75,771▼ 14.7%€81,841▲ 8.0%€115,482▲ 41.1%€83,809▼ 27.4%
Debt€10,271▼ 25.5%€8,219▼ 20.0%€10,597▲ 28.9%€35,169▲ 232%€21,150▼ 39.9%
Working capital€72,761▼ 1.9%€67,553▼ 7.2%€69,146▲ 2.4%€45,867▼ 33.7%€31,444▼ 31.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €17,240 after €12,249 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €83,809
Fixed assets
€32,536 ▼ 20.5%
Current assets
€51,273 ▼ 31.2%
Equity and liabilities €83,809
Equity
€62,660 ▼ 22.0%
Debt
€21,150 ▼ 39.9%
Debt's share of the balance-sheet total falls from 30.5% to 25.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€6,763▼
2023 · €20,943
Cash flow
-€7,177▼
2023 · €17,765
Current ratio
2.59▼
2023 · 2.60
Debt to equity
0.34▼
2023 · 0.44
ROE
-28.2%▼
2023 · 11.3%
ROA
-21.1%▼
2023 · 7.9%
Interest coverage
-10.52▼
2023 · 23.74
Debt ≤ 1 year
€19,829▼
2023 · €28,698
Debt > 1 year
€1,320▼
2023 · €6,471
Income taxes
€405▼
2023 · €2,843
Staff costs
€0▼
2023 · €22
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 5,827 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €21 | - | €22 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,962 | €6,962 | €555 | €8,695 | €10,477 | ▲ 20.5% |
| Other operating charges640/8 | - | €1,075 | €1,119 | €1,507 | €1,317 | ▼ 12.6% |
| Gross operating margin9900 | €3,635 | -€2,536 | €5,765 | €22,472 | -€5,447 | ▼ 124% |
| Operating profit (loss)9901 | -€4,548 | -€10,593 | €4,092 | €12,249 | -€17,240 | ▼ 241% |
| Financial income75/76B | - | €67 | €13 | €546 | €634 | ▲ 16.1% |
| Recurring financial income75 | €1,519 | €67 | €13 | €546 | €634 | ▲ 16.1% |
| Financial charges65/66B | - | €303 | €251 | €882 | €643 | ▼ 27.1% |
| Recurring financial charges65 | €344 | €303 | €251 | €882 | €643 | ▼ 27.1% |
| Profit (loss) for the period before taxes9903 | -€3,373 | -€10,829 | €3,853 | €11,913 | -€17,249 | ▼ 245% |
| Income taxes67/77 | €290 | €153 | €162 | €2,843 | €405 | ▼ 85.7% |
| Profit (loss) for the period9904 | -€3,663 | -€10,982 | €3,691 | €9,070 | -€17,654 | ▼ 295% |
| Profit (loss) for the period to be appropriated9905 | -€3,663 | -€10,982 | €3,691 | €9,070 | -€17,654 | ▼ 295% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €88,806 | €75,771 | €81,841 | €115,482 | €83,809 | ▼ 27.4% |
| Fixed assets21/28 | €6,962 | - | €2,097 | €40,918 | €32,536 | ▼ 20.5% |
| Tangible fixed assets22/27 | €6,962 | - | €2,097 | €40,918 | €32,536 | ▼ 20.5% |
| Plant, machinery and equipment23 | - | - | - | - | €2,005 | - |
| Furniture and vehicles24 | - | - | €2,097 | €40,918 | €30,531 | ▼ 25.4% |
| Current assets29/58 | €81,844 | €75,771 | €79,743 | €74,565 | €51,273 | ▼ 31.2% |
| Amounts receivable within one year40/41 | €21,155 | €37,886 | €13,349 | €22,453 | €16,496 | ▼ 26.5% |
| Trade receivables40 | - | €37,886 | €13,349 | €22,453 | €13,592 | ▼ 39.5% |
| Other amounts receivable41 | - | - | - | - | €2,905 | - |
| Cash at bank and in hand54/58 | €59,437 | €36,804 | €65,285 | €51,902 | €32,203 | ▼ 38.0% |
| Deferred charges and accrued income490/1 | - | €1,081 | €1,109 | €210 | €2,575 | ▲ 1,126% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €88,806 | €75,771 | €81,841 | €115,482 | €83,809 | ▼ 27.4% |
| Equity10/15 | €78,535 | €67,553 | €71,244 | €80,314 | €62,660 | ▼ 22.0% |
| Contributions10/11 | - | €46,100 | €46,100 | €46,100 | €46,100 | = |
| Reserves13 | €38,500 | €38,500 | €38,500 | €34,214 | €16,560 | ▼ 51.6% |
| Non-distributable reserves130/1 | - | €5,230 | €5,230 | - | - | - |
| Reserves not available under the articles1311 | - | €5,230 | €5,230 | - | - | - |
| Distributable reserves133 | - | €33,270 | €33,270 | €34,214 | €16,560 | ▼ 51.6% |
| Profit (loss) carried forward14 | -€6,065 | -€17,047 | -€13,356 | - | - | - |
| Amounts payable17/49 | €10,271 | €8,219 | €10,597 | €35,169 | €21,150 | ▼ 39.9% |
| Amounts payable after more than one year17 | €1,187 | - | - | €6,471 | €1,320 | ▼ 79.6% |
| Financial debts170/4 | - | - | - | €6,471 | €1,320 | ▼ 79.6% |
| Amounts payable within one year42/48 | €9,084 | €8,219 | €10,597 | €28,698 | €19,829 | ▼ 30.9% |
| Current portion of amounts payable after more than one year42 | - | €1,187 | - | €4,947 | €5,151 | ▲ 4.1% |
| Financial debts43 | - | - | - | - | €486 | - |
| Credit institutions430/8 | - | - | - | - | €486 | - |
| Trade debts44 | €1,721 | €2,015 | €4,544 | €5,683 | €7,807 | ▲ 37.4% |
| Suppliers440/4 | - | €2,015 | €4,544 | €5,683 | €7,807 | ▲ 37.4% |
| Taxes, remuneration and social security45 | - | €3,728 | €3,515 | €6,503 | €0 | ▼ 100% |
| Taxes450/3 | - | €3,728 | €3,515 | €6,503 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €1,288 | €2,538 | €11,565 | €6,385 | ▼ 44.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,663 | -€10,982 | €3,691 | €9,070 | -€17,654 | ▼ 295% |
| + Depreciation and write-downs630 | €6,962 | €6,962 | €555 | €8,695 | €10,477 | ▲ 20.5% |
| Operating cash flow (approximation) | €3,299 | -€4,021 | €4,245 | €17,765 | -€7,177 | ▼ 140% |
| Investment in fixed assets (approximation) | - | - | - | -€47,515 | -€2,095 | ▲ 95.6% |
| Change in cash | - | -€22,633 | €28,481 | -€13,384 | -€19,699 | ▼ 47.2% |
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
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €3,691
Net result €3,691 after 2 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-12
Financial
Back to profitnet €30,125
Net result €30,125 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Ranst · 1 establishment unit since 2003
Ground area
522 m²
Building footprint
188 m²
Volume, LiDAR
983 m³
Parcel 11035B0253/00E009, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Van Deuren Lieven / Nio Prevens
since 20032.131.873.918
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11035B0253/00E009 | Flanders | 522 m² | 1 · 188 m² | 7.0 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,950 EUR awarded · 3,075 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,950 EUR | 3,075 EUR |
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 7,565 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
Founded04-03-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
31004Manufacture of dining room, living room, bedroom and bathroom furniture
32300Other manufacturing
32400Other manufacturing
43310Plastering work
95290Repair and maintenance of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476828046
Also
9925:BE0476828046
Registered
04-02-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.