GARAGE RAFFAY
ActiveGARAGE RAFFAY has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118k and a net result of €-5k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 70% of 10310 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▲+37
Solvency83=
Growth38▼-13
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.18 against 2.53 in 2024; short-term debt: 34.7% and cash: 35.7% of total assets), and 42.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-5k
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
129 d early
2023
27 d early
2022
59 d early
2021
32 d early
2020
18 d early
2019
31 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€377k▼ 13.1%
2019 · €435k
2018: €345k
2019: €435k
2018 → 2020
EBIT margin
0.2%▼ 0.2pp
2019 · 0.4%
2018: -0.9%
2019: 0.4%
2018 → 2020
Net result
€-5k▲ 9.5%
2024 · €-6k
2018: €4k
2019: €590
2020: €-541
2021: €7k
2022: €997
2023: €283
2024: €-6k
2018 → 2025
Working capital
€84k▼ 15.1%
2024 · €99k
2018: €108k
2019: €103k
2020: €107k
2021: €116k
2022: €107k
2023: €110k
2024: €99k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€128k-€129k▲ 0.8%€130k▲ 0.2%€124k▼ 4.6%€118k▼ 4.4%
Operating result€9k-€4k▼ 50.8%€2k▼ 52.4%€-9k€-4k▲ 60.1%
Net result€7k-€997▼ 86.7%€283▼ 71.6%€-6k€-5k▲ 9.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €9k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €205k
Fixed assets
€50k▲ 4.8%
Current assets
€156k▼ 5.1%
Equity and liabilities €205k
Equity
€118k▼ 4.4%
Debt
€87k▼ 0.8%
The debt ratio rises from 41.5% to 42.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▲
2024 · €-608
Cash flow
€6k▲
2024 · €3k
Solvency
57.6%▼
2024 · 58.5%
Current ratio
2.18▼
2024 · 2.53
Quick ratio
1.08▲
2024 · 0.83
Debt / equity
0.74▲
2024 · 0.71
ROE
-4.6%▲
2024 · -4.9%
ROA
-2.6%▲
2024 · -2.8%
Interest coverage
4.40▲
2024 · -0.23
Debt
€87k▼
2024 · €88k
Debt ≤ 1 year
€71k▲
2024 · €65k
Debt > 1 year
€16k▼
2024 · €23k
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€211k€205k▼
Fixed assets21/28€47k€50k▲
Tangible fixed assets22/27€47k€49k▲
Plant, machinery and equipment23€13k€22k▲
Furniture and vehicles24€33k€27k▼
Financial fixed assets28€625€625=
Current assets29/58€164k€156k▼
Stocks and contracts in progress3€110k€78k▼
Stocks30/36€110k€78k▼
Amounts receivable within one year40/41€5k€719▼
Trade receivables40€5k€719▼
Cash at bank and in hand54/58€45k€73k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€211k€205k▼
Equity10/15€124k€118k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€111k€111k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€107k€107k=
Profit (loss) carried forward14€-6k€-11k▼
Amounts payable17/49€88k€87k▼
Amounts payable after more than one year17€23k€16k▼
Financial debts170/4€23k€16k▼
Amounts payable within one year42/48€65k€71k▲
Current portion of amounts payable after more than one year42€8k€7k▼
Financial debts43€6k€6k▼
Credit institutions430/8€6k€6k=
Other loans439€151-
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3€2k€1k▼
Other amounts payable47/48€46k€55k▲
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€286k€287k▲
Remuneration, social security and pensions62€-805-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€11k▲
Other operating charges640/8€923€796▼
Gross operating margin9900€-490€8k▲
Operating profit (loss)9901€-9k€-4k▲
Financial income75/76B€428€0▼
Recurring financial income75€428€0▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-12k€-5k▲
Transfer from deferred taxes780€6k-
Income taxes67/77€278-
Profit (loss) for the period9904€-6k€-5k▲
Profit (loss) for the period to be appropriated9905€-6k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-11k▼
Profit (loss) brought forward from the previous period14P-€-6k
The notes to these accounts (8 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-6k ▼2219%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Visé · 1 establishment unit since 1990
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.
Rue de Tongres(VIS) 84600 ViséGround area
985 m²
Building footprint
176 m²
Volume, LiDAR
1,179 m³
Parcel 62108A0071/00K000, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Tongres(VIS) 8, 4600 Visé
since 19902.046.921.219
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62108A0071/00K000 | Wallonia | 985 m² | 1 · 176 m² | 7.2 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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Of 1,127 companies in sector 47830 we hold annual accounts for 468. 387 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-1990
Fiscal year end31-12
Activities, NACEBEL
45402
47830Retail sale of motorcycles and motorcycle parts and accessories
50400Inland freight water transport
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.