DR. RAF FRANSEN
ActiveDR. RAF FRANSEN has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €364k and a net result of €53k. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 16527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
95
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+14
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 8.16 against 12.31 in 2024; short-term debt: 10.6% and cash: 67.3% of total assets), and 22.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.9%
Return on assets
11.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
6 d early
2023
30 d late
2022
13 d early
2021
2 d early
2020
24 d early
2019
4 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€364k=
2024 · €364k
2018: €234k
2019: €288k
2020: €294k
2021: €369k
2022: €361k
2023: €408k
2024: €364k
2018 → 2025
Total assets
€467k▼ 0.5%
2024 · €470k
2018: €371k
2019: €323k
2020: €380k
2021: €431k
2022: €436k
2023: €444k
2024: €470k
2018 → 2025
Net result
€53k▲ 359%
2024 · €12k
2018: €35k
2019: €53k
2020: €90k
2021: €75k
2022: €33k
2023: €48k
2024: €12k
2018 → 2025
Working capital
€353k▼ 0.2%
2024 · €354k
2018: €222k
2019: €287k
2020: €297k
2021: €370k
2022: €361k
2023: €411k
2024: €354k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€369k-€361k▼ 2.2%€408k▲ 13.2%€364k▼ 10.9%€364k=
Operating result€106k-€49k▼ 53.7%€67k▲ 35.9%€20k▼ 69.3%€79k▲ 286%
Net result€75k-€33k▼ 56.3%€48k▲ 45.0%€12k▼ 75.6%€53k▲ 359%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 286% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €467k
Fixed assets
€65k▼ 23.4%
Current assets
€403k▲ 4.5%
Equity and liabilities €467k
Equity
€364k=
Provisions
€8k=
Debt
€95k▼ 2.2%
The debt ratio falls from 20.8% to 20.4%. Debt is lower.
Key figures and ratios
EBITDA
€100k▲
2024 · €35k
Cash flow
€75k▲
2024 · €26k
Solvency
77.9%▲
2024 · 77.5%
Current ratio
8.16▼
2024 · 12.31
Quick ratio
8.16▼
2024 · 12.31
Debt / equity
0.26▼
2024 · 0.27
ROE
14.7%▲
2024 · 3.2%
ROA
11.4%▲
2024 · 2.5%
Interest coverage
18.25▲
2024 · 5.69
Debt
€95k▼
2024 · €98k
Debt ≤ 1 year
€49k▲
2024 · €31k
Debt > 1 year
€45k▼
2024 · €63k
Income taxes
€21k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€470k€467k▼
Fixed assets21/28€84k€65k▼
Tangible fixed assets22/27€84k€65k▼
Land and buildings22€9k€6k▼
Plant, machinery and equipment23€1k€877▼
Furniture and vehicles24€3k€3k▼
Leasing and similar rights25€71k€55k▼
Current assets29/58€385k€403k▲
Amounts receivable after more than one year29€45k€45k=
Trade receivables290€45k€45k=
Amounts receivable within one year40/41€73k€40k▼
Trade receivables40€26k€25k▼
Other amounts receivable41€47k€16k▼
Cash at bank and in hand54/58€265k€315k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€470k€467k▼
Equity10/15€364k€364k=
Contributions10/11€12k€12k=
Reserves13€352k€351k▼
Tax-exempt reserves132€2k€2k=
Distributable reserves133€349k€349k▼
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€8k€8k=
Provisions for liabilities and charges160/5€8k€8k=
Pensions and similar obligations160€8k€8k=
Amounts payable17/49€98k€95k▼
Amounts payable after more than one year17€63k€45k▼
Financial debts170/4€63k€45k▼
Amounts payable within one year42/48€31k€49k▲
Current portion of amounts payable after more than one year42€17k€18k▲
Trade debts44€6k€4k▼
Suppliers440/4€6k€4k▼
Taxes, remuneration and social security45€2k€0▼
Taxes450/3€2k€0▼
Other amounts payable47/48€6k€28k▲
Accrued charges and deferred income492/3€3k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€21k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€40k€105k▲
Operating profit (loss)9901€20k€79k▲
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€17k€75k▲
Income taxes67/77€5k€21k▲
Profit (loss) for the period9904€12k€53k▲
Profit (loss) for the period to be appropriated9905€12k€53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€53k▲
Transfer from equity791/2€56k€53k▼
Transfer to equity691/2€12k€53k▲
To other reserves6921€12k€53k▲
Profit to be distributed694/7€56k€53k▼
Return on contributions (dividend)694€56k€53k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €12k ▼75.6%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 23.79
Current ratio from 7.50 to 23.79; short-term debt falls from €56k to €18k.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €90k ▲67.7%
Operating result €126k, net result €90k, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 11current ratio 34.84
Current ratio from 3.08 to 34.84; short-term debt falls from €107k to €8k.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Peer · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mgr. Morisstraat 53990 PeerGround area
1,439 m²
Building footprint
237 m²
Volume, LiDAR
1,058 m³
Parcel 72030D0286/00V000, Flanders · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DR. RAF FRANSEN
since 20042.328.010.589
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030D0286/00V000 | Flanders | 1,439 m² | 1 · 237 m² | 6.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Dr. Lieselot Decock
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Of 9,124 companies in sector 86210 we hold annual accounts for 6,337. 5,125 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-03-2004
Fiscal year end31-12
Activities, NACEBEL
86210General medical practice
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.