Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Frank DE GRAVE from Kortemark, company number BE0427648353, closed financial year 2025 with a result of € -12,814 after tax. For that financial year Frank DE GRAVE recorded a gross margin of € 7,813 and equity of € -980,311. Compared with financial year 2024, the result moved from € -76,801 to € -12,814. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ -980,311
▼ € 12,814 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12,814
▲ 83 % less loss than in 2024
Profit after tax over the fiscal year.
€ 17,992
▼ 5% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1 million.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 11,157
▼ 73% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 60
▼ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 876
▼ 86% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,567 | € 881,507 | € -27,363 | € 7,813 | ▲ € 35,176 |
| Profit after taxes | € -29,815 | € 831,270 | € -76,801 | € -12,814 | ▲ € 63,987 |
| Equity | € -1,721,967 | € -890,696 | € -967,497 | € -980,311 | ▼ € 12,814 |
| Total debts | € 1,952,124 | € 1,152,171 | € 1,149,783 | € 1,204,170 | ▲ 5% |
| Cash | € 2,507 | € 19,090 | € 18,899 | € 17,992 | ▼ 5% |
| Land & buildings | € 82,817 | € 76,295 | € 69,773 | € 63,251 | ▼ 9% |
| Retained profit | € -1,759,151 | € -927,880 | € -1,004,681 | € -1,017,495 | ▼ € 12,814 |
| Balance sheet total | € 230,157 | € 261,474 | € 182,286 | € 223,860 | ▲ 23% |
Key figures of Frank DE GRAVE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Frank DE GRAVE?
What happened at Frank DE GRAVE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 12,814. Source: NBB ↗
- Raf Claerhout became a director. NBB
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
In short
From € 29,815 loss in 2022 to € 12,814 loss in 2025.
Best year ever: 2023, with € 831,270 profit.
Management
Behind Frank DE GRAVE is Raf Claerhout.
Directors
According to the 2025 annual accounts
Raf Claerhout
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Oude Vladslostraat 1 box A
8610 Kortemark
Oude Vladslostraat 1A
8610 Kortemark
Active since 9 September 1985
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.648.353
- VAT number
- BE 0427.648.353
- Registered office
- Oude Vladslostraat 1 bus A, 8610 Kortemark
- Names & denominations
- Frank DE GRAVE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 August 1985
- Peppol
- Active · Active since 7 Oct 2025
- Activities · NACE
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