Schrijnwerk Degrieck
ActiveThe computed 12-month bankruptcy probability of Schrijnwerk Degrieck is 2.7% (moderate). The 2024 annual accounts show equity of €34k and a net result of €31k. Its solvency ranks better than 19% of 36376 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88▲+60
Solvency42▼-49
Growth78
Track record82
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.83 against 2.97 in 2023; short-term debt: 83.2% and cash: 11.8% of total assets), and 83.2% 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.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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 →
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
16.8%
Return on assets
15.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 36376 sector peers (2024).
NBB · sector comparisonPosition among 36376 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
20 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€34k▲ 786%
2023 · €4k
2023: €4k
2023 → 2024
Total assets
€200k▲ 3,395%
2023 · €6k
2023: €6k
2023 → 2024
Net result
€31k
2023 · €-210
2023: €-210
2023 → 2024
Working capital
€-28k
2023 · €4k
2023: €4k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€4k-€34k▲ 786%
Operating result€-210-€40k
Net result€-210-€31k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €40k after a loss of €210 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €200k
Fixed assets
€62k
Current assets
€138k
Equity and liabilities €200k
Equity
€34k▲ 786%
Debt
€166k▲ 8,529%
The debt ratio rises from 33.7% to 83.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44k
Cash flow
€35k
Solvency
16.8%▼
2023 · 66.3%
Current ratio
0.83▼
2023 · 2.97
Quick ratio
0.53▼
2023 · 2.08
Debt / equity
4.95▲
2023 · 0.51
ROE
93.7%▲
2023 · -5.5%
ROA
15.7%▲
2023 · -3.7%
Interest coverage
429.82
Debt
€166k▲
2023 · €2k
Debt ≤ 1 year
€166k▲
2023 · €2k
Income taxes
€9k
Staff costs
€220k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€6k€200k▲
Fixed assets21/28-€62k
Tangible fixed assets22/27-€62k
Land and buildings22-€2k
Plant, machinery and equipment23-€39k
Furniture and vehicles24-€21k
Current assets29/58€6k€138k▲
Stocks and contracts in progress3€2k€50k▲
Stocks30/36€2k€50k▲
Amounts receivable within one year40/41-€64k
Trade receivables40-€41k
Other amounts receivable41-€23k
Cash at bank and in hand54/58€4k€23k▲
Equity and liabilities
Total equity and liabilities10/49€6k€200k▲
Equity10/15€4k€34k▲
Contributions10/11€4k€4k=
Profit (loss) carried forward14€-210€30k▲
Amounts payable17/49€2k€166k▲
Amounts payable within one year42/48€2k€166k▲
Trade debts44€2k€69k▲
Suppliers440/4€2k€69k▲
Taxes, remuneration and social security45-€12k
Taxes450/3-€9k
Remuneration and social security454/9-€3k
Other amounts payable47/48-€85k
Income statement
Code20232024
Remuneration, social security and pensions62-€220k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€4k
Other operating charges640/8-€1k
Gross operating margin9900€-210€265k▲
Operating profit (loss)9901€-210€40k▲
Financial income75/76B-€346
Recurring financial income75-€346
Financial charges65/66B-€102
Recurring financial charges65-€102
Profit (loss) for the period before taxes9903€-210€40k▲
Income taxes67/77-€9k
Profit (loss) for the period9904€-210€31k▲
Profit (loss) for the period to be appropriated9905€-210€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-210€31k▲
Profit (loss) brought forward from the previous period14P-€-210
Profit to be distributed694/7-€2k
Return on contributions (dividend)694-€2k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
Financial milestoneNBB 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, Oostkamp · 1 establishment unit since 2023
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.
Zoetkinstraat 48020 OostkampGround area
3,091 m²
Building footprint
712 m²
Volume, LiDAR
3,379 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Schrijnwerk Degrieck
since 20232.353.098.452
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522B0566/00Y000 | Flanders | 2,148 m² | 1 · 513 m² | 6.1 m · 2 fl. |
| 31403F0040/00K002 | Flanders | 942 m² | 1 · 198 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2024 · 1 entry · 246 EUR awarded · 180 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 246 EUR | 180 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,136. 6,941 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-11-2023
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.