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SCHRIJNWERKEN RAES

Active
Private limited companyfounded 2020active for 5 yearsDe Middelpolder 19, 8430 Middelkerke, BelgiumKBO/BCE: BE 0757.930.185
Summary

The computed 12-month bankruptcy probability of SCHRIJNWERKEN RAES is 2.1% (moderate). The 2025 annual accounts show equity of €96,600 and a net result of €19,295. Equity has been growing by about 66% per year since 2021. Its solvency ranks better than 15% of 9,898 sector peers (NACE 43, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 10-11-2020 Normal situation
Activity
Joinery installation NACE 43320
Joint committee
124 Paritair Comité voor het bouwbedrijf · annual accounts 2025
Establishment unit
2.309.932.561 8430 Middelkerke, since 10-11-2020
Financial year end
31 December
Peppol
Reachable since 30-10-2023

Board and ownership

Board
  • Raes MaartenDirector · since 10-11-2020

Financial position

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.1%
Annual accounts 2025
Gross margin
€129,016
▼ 39.7%
Turnover
≈ €510,000
estimated
Profit
€19,295
▼ 50.6%
Equity
€96,600
▲ 25.0%
Total assets
€680,866
▲ 79.0%
Employees on 31-12-2025
1
  • 2025 accounts filed 28 days after the deadline
Score breakdownraises riskFounded in 20201 change of registered office in 24 monthsEquity €96,600 (14.2% of total assets)lowers riskFigures for financial year 2025 (filed on 29-08-2026)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 37% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 39-6
equity 14.2% of total assets
Liquidity 46-14
short-term debt 25.5% · cash 4.5%
Profitability 47-35
return on assets 2.8%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 12-2024: 1.5% 01-2025: 1.4%▼ -0.1 percentage points vs 12-2024 02-2025: 1.4%● unchanged vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.6%▲ +0.2 percentage points vs 03-2025 05-2025: 1.8%▲ +0.2 percentage points vs 04-2025 06-2025: 1.8%● unchanged vs 05-2025 07-2025: 0.9%▼ -0.9 percentage points vs 06-2025 08-2025: 0.9%● unchanged vs 07-2025 09-2025: 0.9%● unchanged vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.8%▼ -0.1 percentage points vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026lowest value 04-2026: 0.9%▲ +0.1 percentage points vs 03-2026 05-2026: 1.0%▲ +0.1 percentage points vs 04-2026 06-2026: 0.9%▼ -0.1 percentage points vs 05-2026 07-2026: 1.0%▲ +0.1 percentage points vs 06-2026 08-2026: 1.5%▲ +0.5 percentage points vs 07-2026 09-2026: 1.3%▼ -0.2 percentage points vs 08-2026 10-2026: 2.1%▲ +0.8 percentage points vs 09-2026highest value 11-2026: 2.1%● unchanged vs 10-2026highest value
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.72 (1.15 in 2024), below 1. Short-term debt is 25.5% and cash 4.5% of total assets. 85.8% of the assets are financed with debt and provisions.
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 43, micro). It does better than 17% of them on solvency, 37% on liquidity, 23% on profitability and 71% on growth.

The bankruptcy probability was computed on 03-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Founded in 2020
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Figures for financial year 2025 (filed on 29-08-2026)
NBB · annual accounts
raises risk · Equity €96,600 (14.2% of total assets)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9898 sector peers (2025).
NBB · sector comparison
Position among 9898 sector peers
Solvency
better than 15%
← weakest strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filings
Deviation from the deadline
2025
28 days late
2024
43 days early
2023
42 days early
2022
50 days early
2021
32 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 28 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower solvency than 84% of companies in specialised constructionsector median 44.0% · 9,898 companies 14.2% View

Recent changes

  1. · Gazette deed Registered office moved within MiddelkerkeNew seat: De Middelpolder 19, 8430 Middelkerke · Previous seat: Kopstraat 8, 8432 Middelkerke (Leffinge), België
  2. · Gazette deed Incorporation
All 10 events

Comparable companies

These companies have the same main activity as SCHRIJNWERKEN RAES: joinery installation (NACE 43320). They are comparable in size and age: total assets between €493,000 and €690,000, founded between 2018 and 2020.

CompanyTotal assetsGross margin
SCHRIJNWERKEN RAES Middelkerke€680,866€129,016
BBR Renovaties Haaltert€689,466€136,269
Het Kastenatelier Halen€613,537€127,038
HOME KITCHENS Herstal€637,966€152,913
3MADE Kontich€493,432€154,962
RP Totaal Projecten Ravels€690,057€114,808
Atelier Renaissance menuiserie Delloye Havelange€569,594€149,714
Full comparison

Key facts about SCHRIJNWERKEN RAES

What is the company number of SCHRIJNWERKEN RAES?
The company number of SCHRIJNWERKEN RAES is 0757.930.185. The VAT number is the same number with BE in front: BE 0757.930.185.
Where is SCHRIJNWERKEN RAES based?
The registered office is at De Middelpolder 19, 8430 Middelkerke.Company details
What does SCHRIJNWERKEN RAES do?
According to the KBO register, the main activity is joinery installation (NACE 43320).
What is the legal form of SCHRIJNWERKEN RAES?
The legal form of SCHRIJNWERKEN RAES is Private limited company (BV).
When was SCHRIJNWERKEN RAES founded?
SCHRIJNWERKEN RAES was founded on 10-11-2020.
Is SCHRIJNWERKEN RAES still active?
Yes, SCHRIJNWERKEN RAES is an active enterprise in the KBO register.
How many employees does SCHRIJNWERKEN RAES have?
SCHRIJNWERKEN RAES had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does SCHRIJNWERKEN RAES fall under?
In its 2025 annual accounts, SCHRIJNWERKEN RAES states joint committee 124 (Paritair Comité voor het bouwbedrijf).
What is the turnover of SCHRIJNWERKEN RAES?
The turnover in financial year 2025 is ≈ €510,000. This figure is estimated from the gross margin of €129,016 and 37 comparable companies (NACE 43320). It probably lies between €340,000 and €640,000.
Is SCHRIJNWERKEN RAES profitable?
In financial year 2025, SCHRIJNWERKEN RAES made a profit of €19,295.
Where can I find the annual accounts of SCHRIJNWERKEN RAES?
SCHRIJNWERKEN RAES filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SCHRIJNWERKEN RAES due?
SCHRIJNWERKEN RAES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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