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 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GRAAF from Koksijde, company number BE1002858452, closed financial year 2025 with a result of € 25,705 after tax. For that financial year GRAAF recorded a gross margin of € 304,048 and equity of € 67,432. Compared with financial year 2024, the result moved from € -8,273 to € 25,705. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 12, 2026.
€ 67,432
▲ 62% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 25,705
▲ still € 8,273 loss in 2024
Profit after tax over the fiscal year.
€ 22,693
▲ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 17,432.
People and assets in 2025
4.3
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 176,961
▼ 20% vs 2024
€ 41,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 25,489
▼ 3% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 977,133
▲ 61% vs 2024
€ 67,276 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 133,546
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,945
▼ 42% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 294,354 | € 304,048 | ▲ 3% |
| Profit after taxes | € -8,273 | € 25,705 | ▲ € 33,978 |
| Equity | € 41,727 | € 67,432 | ▲ 62% |
| Total debts | € 972,839 | € 1,275,238 | ▲ 31% |
| Cash | € 20,765 | € 22,693 | ▲ 9% |
| Land & buildings | € 790,436 | € 1,096,770 | ▲ 39% |
| Retained profit | € -8,273 | € 17,432 | ▲ € 25,705 |
| Bank debt | € 608,755 | € 977,133 | ▲ 61% |
| Balance sheet total | € 1,014,566 | € 1,342,670 | ▲ 32% |
| Employees (FTE) | 5.3 | 4.3 | ▼ 1 |
By gross margin, GRAAF ranks 2nd of 9 companies with main activity “Schilderen van gebouwen” in Koksijde that publish figures (fiscal year 2025).
Key figures of GRAAF, fiscal years 2024 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
Ask about GRAAF the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to GRAAF?
What happened at GRAAF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 25,705. filed late Source: NBB ↗
- LOUISE THYS became a director. NBB
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Koksijde. KBO
- MATTHIJS DEGRAEVE became a director. NBB
In short
From € 8,273 loss in 2024 to € 25,705 profit in 2025.
Paid € 2,204 in corporate taxes since 2024.
Best year ever: 2025, with € 25,705 profit.
On average € 70,700 of value added per employee in 2025.
Management
Behind GRAAF are MATTHIJS DEGRAEVE and LOUISE THYS.
Directors
According to the 2025 annual accounts
MATTHIJS DEGRAEVE
Director
since 2023
LOUISE THYS
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Wulpendammestraat(Wul) 3
8670 Koksijde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Similar companies in Koksijde
Same main activity (Schilderen van gebouwen), 10 active companies in Koksijde, largest first.
€ 356,802 gross margin · 2025
€ 254,787 gross margin · 2024
€ 240,989 gross margin · 2025
€ 203,196 gross margin · 2025
€ 79,711 gross margin · 2025
€ 48,427 gross margin · 2025
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- DEGRAEVE, Matthijs Benny Ann Cornelius(oprichter) 50%
- THYS, Louise(oprichter) 50%
Details
- Company number
- 1002.858.452
- VAT number
- BE 1002.858.452
- Registered office
- Wulpendammestraat(Wul) 3, 8670 Koksijde
- Names & denominations
- GRAAF
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 2023
- Peppol
- Active · Active since 2 Sept 2025
- Activities · NACE
Schilderen van gebouwen
Schrijnwerk
Dakwerkzaamheden
Vervaardiging van andere meubelen, neg
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Plaatsen van vloerbedekking en wandbekleding van hout
Overige zakelijke dienstverlening, neg
Vervaardiging van andere meubelen, n.e.g.