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ENTREPRISE RAPHAEL MATHIEU

Active
Private limited companyfounded 2014active for 12 yearsRue Henin(FAR) 6, 6240 Farciennes, BelgiumKBO/BCE: BE 0548.669.117

From the official registers: KBO 12 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The annual accounts of ENTREPRISE RAPHAEL MATHIEU for financial year 2025 show a net loss of 95% of the equity at the start of that year. The 2025 annual accounts show equity of €90 and a net result of -€1,819. Equity has been shrinking by about 28% per year since 2018. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 10% of 34,902 sector peers (NACE 43, financial year 2025). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Official details

KBO
Status
Active since 18-03-2014 Normal situation
Legal form
Private limited company
Registered office
Rue Henin(FAR) 6, 6240 Farciennes
Activity
Bricklaying and masonry work NACE 43910and 5 others
Establishment unit
2.228.101.381 6240 Farciennes, since 27-03-2014
Financial year end
31 December
Peppol
Reachable since 05-01-2026

Board and ownership

Board

Financial position

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Annual accounts 2025
Gross margin
-€479
▲ 92.5%
Loss
€1,819
▼ 74.7%
Equity
€90
▼ 95.3%
Total assets
€18,715
▼ 15.8%
Turnover not published (micro format)2025 accounts filed 25 days after the deadline
Filed on 25-08-2026at the National Bank
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearSector: Specialised construction activities (NACE 43)Loss of €1,819, the second in a row (financial year 2025)lowers riskSize: total assets €18,715Liquidity: current ratio 0.94, cash €8,655Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 16% of micro companies in specialised construction (NACE 43)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 25-9
equity 0.5% of total assets
Liquidity 50-2
short-term debt 94.2% · cash 46.2%
Profitability 7+7
return on assets -9.7%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 0.5%lowest value 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.9%▲ +0.3 percentage points vs 07-2025highest value 09-2025: 0.7%▼ -0.2 percentage points vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.6%▼ -0.1 percentage points vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.5%▼ -0.1 percentage points vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.6%▲ +0.1 percentage points vs 03-2026 05-2026: 0.5%▼ -0.1 percentage points vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.3 percentage points vs 07-2026 09-2026: 0.5%▼ -0.3 percentage points vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.94 (1.04 in 2024), below 1. Short-term debt is 94.2% and cash 46.2% of total assets. 99.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 8% of them on solvency, 43% on liquidity, 10% on profitability and 4% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Seven signals.
lowers riskraises risk
lowers risk · Size: total assets €18,715
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Loss of €1,819, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.94, cash €8,655
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1,819
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 34902 sector peers (2025).
NBB · sector comparison
Position among 34902 sector peers
Solvency
better than 10%
← weakest strongest →
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
25 days late
2024
30 days late
2023
28 days late
2022
19 days late
2021
19 days late
2020
24 days late
2019
91 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 34 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Less equity than 90% of companies in specialised constructionsector median €57,811 · 34,914 companies €90 View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€1,819 View

Documents

Annual accounts at the NBB

All 12 annual accounts

Articles and registers

Key facts about ENTREPRISE RAPHAEL MATHIEU

What is the company number of ENTREPRISE RAPHAEL MATHIEU?
The company number of ENTREPRISE RAPHAEL MATHIEU is 0548.669.117. The VAT number is the same number with BE in front: BE 0548.669.117.
Where is ENTREPRISE RAPHAEL MATHIEU based?
The registered office is at Rue Henin(FAR) 6, 6240 Farciennes.Company details
What does ENTREPRISE RAPHAEL MATHIEU do?
According to the KBO register, the main activity is bricklaying and masonry work (NACE 43910).
What is the legal form of ENTREPRISE RAPHAEL MATHIEU?
The legal form of ENTREPRISE RAPHAEL MATHIEU is Private limited company (BV).
When was ENTREPRISE RAPHAEL MATHIEU founded?
ENTREPRISE RAPHAEL MATHIEU was founded on 18-03-2014.
Is ENTREPRISE RAPHAEL MATHIEU still active?
Yes, ENTREPRISE RAPHAEL MATHIEU is an active enterprise in the KBO register.
What is the turnover of ENTREPRISE RAPHAEL MATHIEU?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is ENTREPRISE RAPHAEL MATHIEU profitable?
In financial year 2025, ENTREPRISE RAPHAEL MATHIEU made a loss of €1,819.
Where can I find the annual accounts of ENTREPRISE RAPHAEL MATHIEU?
ENTREPRISE RAPHAEL MATHIEU filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of ENTREPRISE RAPHAEL MATHIEU due?
ENTREPRISE RAPHAEL MATHIEU must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Comparable companies

These companies have the same main activity as ENTREPRISE RAPHAEL MATHIEU: bricklaying and masonry work (NACE 43910). They are comparable in size and age: total assets between €22,800 and €29,500, founded between 2010 and 2017.

CompanyTotal assetsGross margin
ENTREPRISE RAPHAEL MATHIEU Farciennes€18,715-€479
FT BATI-CONSTRUCT Morlanwelz€23,287-€1,668
CCU Carrelage Honnelles€24,079-€2,877
VAN DER LOO VOEGWERKEN Maasmechelen€25,389-€13,211
Q & B Flémalle€22,800€182
TENDANCE BETON Saint-Ghislain€26,025-€2,627
LD HAINAUT CONSTRUCTIONS Bernissart€29,466-€18,181
Full comparison

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