Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
GRAVE MICHAEL from Zonnebeke, company number BE0817126515, closed financial year 2024 with a result of € 26,060 after tax. For that financial year GRAVE MICHAEL recorded a gross margin of € 198,390 and equity of € 203,043. Compared with financial year 2023, the result moved from € 84,209 to € 26,060. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 29, 2025.
€ 203,043
▲ 15% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,060
▼ 69% vs 2023
Profit after tax over the fiscal year.
€ 21,681
▼ 66% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 184,443.
People and assets in 2024
€ 68,757
▼ 4% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 103,579
▼ 16% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 292,578
▼ 9% vs 2023
€ 49,307 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 51,249
▼ 37% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 20,692
▼ 42% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 172,043 | € 174,947 | € 230,294 | € 198,390 | ▼ 14% |
| Profit after taxes | € 19,669 | € 27,428 | € 84,209 | € 26,060 | ▼ 69% |
| Equity | € 110,347 | € 137,774 | € 176,984 | € 203,043 | ▲ 15% |
| Total debts | € 460,807 | € 382,335 | € 486,270 | € 368,842 | ▼ 24% |
| Cash | € 17,259 | € 18,585 | € 62,861 | € 21,681 | ▼ 66% |
| Land & buildings | € 336,133 | € 322,242 | € 322,316 | € 304,055 | ▼ 6% |
| Retained profit | € 91,747 | € 119,174 | € 158,384 | € 184,443 | ▲ 16% |
| Dividend | € 0 | € 0 | € 45,000 | € 0 | ▼ 100% |
| Bank debt | € 291,677 | € 259,904 | € 321,832 | € 292,578 | ▼ 9% |
| Balance sheet total | € 571,153 | € 520,110 | € 663,253 | € 571,885 | ▼ 14% |
Key figures of GRAVE MICHAEL, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 30 April 2026.
What happened to GRAVE MICHAEL?
What happened at GRAVE MICHAEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 26,060 (▼ 69% vs 2023). Source: NBB ↗
- New establishment in Zonnebeke. KBO
- Start of the company according to the CBE. KBO
- Evelin VANRAES became a director. NBB
- Michael Jean GRAVE became a director. NBB
In short
From € 19,669 profit in 2021 to € 26,060 profit in 2024.
Paid € 76,426 in corporate taxes since 2021.
Best year ever: 2023, with € 84,209 profit.
Paid out € 45,000 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind GRAVE MICHAEL are Evelin VANRAES and Michael Jean GRAVE.
Directors
According to the 2024 annual accounts
Evelin VANRAES
Director
since 2009
Michael Jean GRAVE
Director
since 2009
Establishments
Establishment units
Physical locations of this company
Bellewaardestraat 6
8980 Zonnebeke
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0817.126.515
- VAT number
- BE 0817.126.515
- Registered office
- Bellewaardestraat 6, 8980 Zonnebeke
- Names & denominations
- GRAVE MICHAEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 July 2009
- Peppol
- Active · Active since 20 Oct 2024
- Activities · NACE
Algemene elektrotechnische installatiewerken
Groothandel in aanhangwagens, opleggers en caravans
Sanitaire werkzaamheden
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Handel in aanhangwagens, opleggers en caravans