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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Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CRAGS from Dalhem, company number BE0666407123, closed financial year 2025 with a result of € 286,536 after tax. For that financial year CRAGS recorded a gross margin of € 454,207 and equity of € 39,210. Compared with financial year 2024, the result moved from € 41,928 to € 286,536. Profitable, and profit is growing. The buffer shrank hard: equity is 87 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 39,210
▼ 87% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 286,536
▲ € 244,608 vs 2024
Profit after tax over the fiscal year.
€ 192,066
▲ € 162,272 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 555,154 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 36,631
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 394,869
▼ 12% vs 2024
€ 59,912 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 20,003
▲ € 18,637 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 170,930
▲ 259% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 107,127 | € 269,008 | € 121,946 | € 454,207 | ▲ 272% |
| Profit after taxes | € 26,463 | € 183,255 | € 41,928 | € 286,536 | ▲ € 244,608 |
| Equity | € 70,245 | € 253,500 | € 295,428 | € 39,210 | ▼ 87% |
| Total debts | € 214,115 | € 227,205 | € 499,292 | € 912,443 | ▲ 83% |
| Cash | € 11,287 | € 34,526 | € 29,794 | € 192,066 | ▲ € 162,272 |
| Land & buildings | - | - | € 339,698 | € 370,689 | ▲ 9% |
| Retained profit | € 64,045 | € 247,300 | € 289,228 | € 20,610 | ▼ 93% |
| Dividend | € 61,500 | € 0 | € 0 | € 555,154 | |
| Bank debt | € 140,640 | € 154,168 | € 449,963 | € 394,869 | ▼ 12% |
| Balance sheet total | € 284,360 | € 480,705 | € 794,720 | € 951,653 | ▲ 20% |
Key figures of CRAGS, fiscal years 2023 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 CRAGS?
What happened at CRAGS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 286,536 (▲ € 244,608 vs 2024). Source: NBB ↗
- Andi-George Stefancu became a director. NBB
- Cristina Rusu became a director. NBB
- New establishment in Dalhem. KBO
- Start of the company according to the CBE. KBO
In short
From € 26,463 profit in 2023 to € 286,536 profit in 2025.
Paid € 148,486 in corporate taxes since 2023.
Best year ever: 2025, with € 286,536 profit.
Paid out € 616,654 in dividends to the owners in total.
Management
Behind CRAGS are Andi-George Stefancu and Cristina Rusu.
Directors
According to the 2025 annual accounts
Andi-George Stefancu
Director
since 2024
Cristina Rusu
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Chaussée de Julémont(StA) 39
4606 Dalhem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0666.407.123
- VAT number
- BE 0666.407.123
- Registered office
- Chaussée de Julémont(StA) 39, 4606 Dalhem
- Names & denominations
- CRAGS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 November 2016
- Peppol
- Active · Active since 26 Nov 2025
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