RAF
ActiveFrom the official registers: KBO 10 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
RAF has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €125,691 and a net result of €20,936. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 69% of 9,829 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
KBO- Status
- Active since 06-08-2015 Normal situation
- Legal form
- Private limited company
- Registered office
- Sint-Pietersnieuwstraat 13, 9000 Gent
- Activity
- Wholesale of clothing, excluding workwear and underwear NACE 46423and 1 other
- Establishment unit
- 2.244.727.874 9000 Gent, since 06-08-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 10-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Gross margin
- €90,878
- ▲ 69.1%
- Turnover
- ≈ €350,000
- estimated
- Profit
- €20,936
- ▲ 971%
- Equity
- €125,691
- ▲ 20.0%
- Total assets
- €201,368
- ▲ 15.0%
- Staff
- 1.1 FTE
- ▲ 10.0%
2025 accounts filed 49 days before the deadline
Filed on 12-06-2026at the National Bank
Score breakdownraises riskSize: 1.1 FTE, total assets €201,368lowers riskLiquidity: current ratio 2.36, cash €30,561Equity €125,691 (62.4% of total assets)Founded in 2015Show the evidence
Checked score
Score 2025
92
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 69% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency
87+2
equity 62.4% of total assets
Liquidity
52+5
short-term debt 37.6% · cash 15.2%
Profitability
82+12
return on assets 10.4%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.5%
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: 0.7%▲ +0.2 percentage points vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025highest value
08-2025: 0.6%▼ -0.1 percentage points vs 07-2025
09-2025: 0.3%▼ -0.3 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.2%▼ -0.1 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.36 (2.0 in 2024), above the usual 1.5. Short-term debt is 37.6% and cash 15.2% of total assets. 37.6% 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 46, micro). It does better than 68% of them on solvency, 56% on liquidity, 75% on profitability and 75% 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €125,691
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 days early
2024
30 days early
2023
14 days early
2022
3 days early
2021
30 days late
2020
25 days early
2019
28 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 9 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 18 July (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials · financial year 2025, abbreviated format
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 12-06-2026
- Format
- abbreviated format
- Reference
- 2026-00166707
Turnover
≈ €350,000
Estimated: probably between €190,000 and €490,000
Total assets
€201,368▲ 15.0%
2024 · €175,052
Net result
€20,936▲ 971%
2024 · €1,954
Working capital
€103,246▲ 46.3%
2024 · €70,570
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 6.4 times that of 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Operating result€30,952
2025
Net result€20,936
2025
Assets, equity and debt per financial year.
Total assets€201,368
2025
Equity€125,691
2025
Debt€75,677
2025
Above zero, the company can pay its short-term debts with what it holds in the short term.
Working capital€103,246
2025
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
Return on assets (ROA)10.4%
2025
The higher the solvency, the better the company absorbs a setback.
Solvency62.4%
2025
A ratio above 1 means the short-term assets cover the short-term debts.
Current ratio2.36
2025
Average staff per financial year, in full-time equivalents (FTE).
Staff (FTE)1.1
2025
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€23,664--€24,134▼ 2.0%-€17,716▲ 26.6%€8,273€16,926▲ 105%€105,548▲ 524%€4,821▼ 95.4%€30,952▲ 542%
Net result€1,293-€4,837▲ 274%€3,942within the sector's middle half▼ 18.5%€13,557within the sector's middle half▲ 244%€16,754within the sector's middle half▲ 23.6%€71,456within the sector's middle half▲ 327%€1,954within the sector's middle half▼ 97.3%€20,936within the sector's middle half▲ 971%
Equity-€7,747--€2,909▲ 62.4%€1,033below the sector's middle half€14,590below the sector's middle half▲ 14×€31,344below the sector's middle half▲ 115%€102,800below the sector's middle half▲ 228%€104,755below the sector's middle half▲ 1.9%€125,691within the sector's middle half▲ 20.0%
Total assets€272,895-€255,346▼ 6.4%€219,229below the sector's middle half▼ 14.1%€176,722below the sector's middle half▼ 19.4%€170,975below the sector's middle half▼ 3.3%€187,978below the sector's middle half▲ 9.9%€175,052below the sector's middle half▼ 6.9%€201,368below the sector's middle half▲ 15.0%
Debt€280,642-€258,255▼ 8.0%€218,196▼ 15.5%€162,132▼ 25.7%€139,631▼ 13.9%€85,178▼ 39.0%€70,297▼ 17.5%€75,677▲ 7.7%
Working capital-€70,044--€62,041▲ 11.4%-€54,706below the sector's middle half▲ 11.8%€21,113below the sector's middle half€19,839below the sector's middle half▼ 6.0%€84,744within the sector's middle half▲ 327%€70,570within the sector's middle half▼ 16.7%€103,246within the sector's middle half▲ 46.3%
Solvency-2.8%--1.1%▲ 1.7pp0.5%below the sector's middle half▲ 1.6pp8.3%below the sector's middle half▲ 7.8pp18.3%below the sector's middle half▲ 10.1pp54.7%within the sector's middle half▲ 36.4pp59.8%within the sector's middle half▲ 5.2pp62.4%within the sector's middle half▲ 2.6pp
Current ratio0.73-0.75▲ 0.020.75below the sector's middle half=1.19within the sector's middle half▲ 0.441.18within the sector's middle half▼ 0.012.12within the sector's middle half▲ 0.952.00within the sector's middle half▼ 0.122.36within the sector's middle half▲ 0.36
Return on assets (ROA)0.5%-1.9%▲ 1.4pp1.8%within the sector's middle half▼ 0.1pp7.7%within the sector's middle half▲ 5.9pp9.8%within the sector's middle half▲ 2.1pp38.0%above the sector's middle half▲ 28.2pp1.1%within the sector's middle half▼ 36.9pp10.4%above the sector's middle half▲ 9.3pp
Staff (FTE)2.5-2.7▲ 8.0%2.4within the sector's middle half▼ 11.1%2.1within the sector's middle half▼ 12.5%1.5below the sector's middle half▼ 28.6%1.4within the sector's middle half▼ 6.7%1within the sector's middle half▼ 28.6%1.1within the sector's middle half▲ 10.0%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €201,368
Fixed assets
€22,445 ▼ 34.3%
Current assets
€178,923 ▲ 27.0%
Equity and liabilities €201,368
Equity
€125,691 ▲ 20.0%
Debt
€75,677 ▲ 7.7%
Debt's share of the balance-sheet total falls from 40.2% to 37.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42,983▲
2024 · €16,013
Cash flow
€32,967▲
2024 · €13,146
Quick ratio
0.53▲
2024 · 0.50
Debt to equity
0.60▼
2024 · 0.67
ROE
16.7%▲
2024 · 1.9%
Interest coverage
8.03▼
2024 · 11.71
Debt ≤ 1 year
€75,677▲
2024 · €70,297
Income taxes
€4,667▲
2024 · €1,500
Staff costs
€46,961▲
2024 · €37,079
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Companies with the same profile, two years later
Historical observationIn July 2024, 34,693 companies had the same profile as RAF has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95.3%
was still going
That fits the bankruptcy probability of RAF itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for RAF. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €95,016 | €65,378 | €41,578 | €37,079 | €46,961 | ▲ 26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,410 | €23,375 | €18,315 | €8,739 | €11,407 | €10,115 | €11,191 | €12,031 | ▲ 7.5% |
| Other operating charges640/8 | - | - | - | €1,561 | €1,416 | €856 | €644 | €934 | ▲ 45.1% |
| Gross operating margin9900 | €112,160 | €115,283 | €77,249 | €113,589 | €95,127 | €158,097 | €53,736 | €90,878 | ▲ 69.1% |
| Operating profit (loss)9901 | -€23,664 | -€24,134 | -€17,716 | €8,273 | €16,926 | €105,548 | €4,821 | €30,952 | ▲ 542% |
| Financial income75/76B | - | - | - | €8,738 | €5,693 | - | - | €1 | - |
| Recurring financial income75 | €30,489 | €33,819 | €24,689 | €8,738 | €5,693 | - | - | €1 | - |
| Financial charges65/66B | - | - | - | €3,454 | €5,865 | €4,592 | €1,367 | €5,350 | ▲ 291% |
| Recurring financial charges65 | €5,532 | €4,848 | €3,031 | €3,454 | €5,865 | €4,592 | €1,367 | €5,350 | ▲ 291% |
| Profit (loss) for the period before taxes9903 | €1,293 | €4,837 | €3,942 | €13,557 | €16,754 | €100,956 | €3,454 | €25,604 | ▲ 641% |
| Income taxes67/77 | - | - | - | - | - | €29,500 | €1,500 | €4,667 | ▲ 211% |
| Profit (loss) for the period9904 | €1,293 | €4,837 | €3,942 | €13,557 | €16,754 | €71,456 | €1,954 | €20,936 | ▲ 971% |
| Profit (loss) for the period to be appropriated9905 | €1,293 | €4,837 | €3,942 | €13,557 | €16,754 | €71,456 | €1,954 | €20,936 | ▲ 971% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €272,895 | €255,346 | €219,229 | €176,722 | €170,975 | €187,978 | €175,052 | €201,368 | ▲ 15.0% |
| Fixed assets21/28 | €88,103 | €69,553 | €55,739 | €43,478 | €37,894 | €27,779 | €34,184 | €22,445 | ▼ 34.3% |
| Intangible fixed assets21 | €9,652 | €3,556 | €0 | - | €2,546 | €2,025 | €1,505 | €984 | ▼ 34.6% |
| Tangible fixed assets22/27 | €78,452 | €65,998 | €55,739 | €43,478 | €35,348 | €25,754 | €25,495 | €13,985 | ▼ 45.1% |
| Plant, machinery and equipment23 | - | - | - | €38,814 | €28,646 | €20,831 | €22,090 | €12,098 | ▼ 45.2% |
| Furniture and vehicles24 | - | - | - | €4,664 | €6,702 | €4,923 | €3,405 | €1,887 | ▼ 44.6% |
| Financial fixed assets28 | - | - | - | - | - | - | €7,185 | €7,477 | ▲ 4.1% |
| Current assets29/58 | €184,792 | €185,792 | €163,490 | €133,244 | €133,081 | €160,199 | €140,867 | €178,923 | ▲ 27.0% |
| Stocks and contracts in progress3 | €168,865 | €149,341 | €138,007 | €79,620 | €91,411 | €123,200 | €105,485 | €139,005 | ▲ 31.8% |
| Stocks30/36 | - | - | - | €79,620 | €91,411 | €123,200 | €105,485 | €139,005 | ▲ 31.8% |
| Amounts receivable within one year40/41 | €13,811 | €21,563 | €16,981 | €22,258 | €35,640 | €7,364 | €9,082 | €9,358 | ▲ 3.0% |
| Trade receivables40 | - | - | - | €15,352 | €28,277 | - | - | €275 | - |
| Other amounts receivable41 | - | - | - | €6,906 | €7,364 | €7,364 | €9,082 | €9,082 | = |
| Cash at bank and in hand54/58 | €2,116 | €14,889 | €8,502 | €31,367 | €5,692 | €27,078 | €21,963 | €30,561 | ▲ 39.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €338 | €2,557 | €4,337 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €272,895 | €255,346 | €219,229 | €176,722 | €170,975 | €187,978 | €175,052 | €201,368 | ▲ 15.0% |
| Equity10/15 | -€7,747 | -€2,909 | €1,033 | €14,590 | €31,344 | €102,800 | €104,755 | €125,691 | ▲ 20.0% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | - | - | - | - | - | €50,000 | €50,000 | €70,936 | ▲ 41.9% |
| Distributable reserves133 | - | - | - | - | - | €50,000 | €50,000 | €70,936 | ▲ 41.9% |
| Profit (loss) carried forward14 | -€20,147 | -€15,309 | -€11,367 | €2,190 | €18,944 | €40,400 | €42,355 | €42,355 | = |
| Amounts payable17/49 | €280,642 | €258,255 | €218,196 | €162,132 | €139,631 | €85,178 | €70,297 | €75,677 | ▲ 7.7% |
| Amounts payable after more than one year17 | €25,806 | €10,422 | - | €50,000 | €26,389 | €9,722 | - | - | - |
| Financial debts170/4 | - | - | - | €50,000 | €26,389 | €9,722 | - | - | - |
| Amounts payable within one year42/48 | €254,836 | €247,833 | €218,196 | €112,132 | €113,242 | €75,455 | €70,297 | €75,677 | ▲ 7.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €16,667 | €16,667 | €8,310 | €4,927 | ▼ 40.7% |
| Financial debts43 | - | - | - | - | €42,610 | - | - | - | - |
| Credit institutions430/8 | - | - | - | - | €42,610 | - | - | - | - |
| Trade debts44 | €99,488 | €73,772 | €58,176 | €47,633 | €36,889 | €13,793 | €12,435 | €39,387 | ▲ 217% |
| Suppliers440/4 | - | - | - | €47,633 | €36,889 | €13,793 | €12,435 | €39,387 | ▲ 217% |
| Taxes, remuneration and social security45 | - | - | - | €31,667 | €7,681 | €44,996 | €47,696 | €29,650 | ▼ 37.8% |
| Taxes450/3 | - | - | - | €22,680 | €6,670 | €42,034 | €43,858 | €25,209 | ▼ 42.5% |
| Remuneration and social security454/9 | - | - | - | €8,987 | €1,011 | €2,963 | €3,838 | €4,441 | ▲ 15.7% |
| Other amounts payable47/48 | - | - | - | €32,832 | €9,395 | - | €1,856 | €1,713 | ▼ 7.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,293 | €4,837 | €3,942 | €13,557 | €16,754 | €71,456 | €1,954 | €20,936 | ▲ 971% |
| + Depreciation and write-downs630 | €22,410 | €23,375 | €18,315 | €8,739 | €11,407 | €10,115 | €11,191 | €12,031 | ▲ 7.5% |
| Operating cash flow (approximation) | €23,703 | €28,212 | €22,257 | €22,296 | €28,161 | €81,571 | €13,146 | €32,967 | ▲ 151% |
| Investment in fixed assets (approximation) | - | -€4,825 | -€4,500 | €3,522 | -€5,823 | €0 | -€17,597 | -€292 | ▲ 98.3% |
| Change in cash | - | €12,772 | -€6,387 | €22,865 | -€25,674 | €21,385 | -€5,115 | €8,597 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 12-06-2026 | 2026-00166707 | NBB |
| 31-12-2024 | abbreviated format | 01-07-2025 | 2025-00227432 | |
| 31-12-2023 | abbreviated format | 17-07-2024 | 2024-00260675 | |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00290365 | |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20366468 | |
| 31-12-2020 | abbreviated format | 06-07-2021 | 2021-31500526 | |
| 31-12-2019 | abbreviated format | 28-08-2020 | 2020-46400075 | |
| 31-12-2018 | abbreviated format | 12-06-2019 | 2019-17900057 | |
| 31-12-2017 | abbreviated format | 30-07-2018 | 2018-41400328 | |
| 31-12-2016 | abbreviated format | 12-07-2017 | 2017-31000534 |
Comparable companies
These companies have the same main activity as RAF: wholesale of clothing, excluding workwear and underwear (NACE 46423). They are comparable in size and age: total assets between €197,000 and €459,000, founded between 2006 and 2017.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| RAF Gent | 2015 | €201,368 | €125,691 | €90,878 | €20,936 | 1.1 | 2025 |
| STUDIO DÔME Kortenberg | 2014 | €212,210 | €109,961 | €136,725 | €22,792 | 1.6 | 2025 |
| Linatex Evere | 2012 | €390,562 | €67,561 | €73,505 | €30,506 | 1 | 2024 |
| CG RETAIL Brussel | 2017 | €407,372 | -€540,068 | €70,441 | -€28,313 | 1 | 2025 |
| KAMELEON TEXTILE Mons | 2007 | €197,499 | €73,517 | €110,986 | €40,942 | 1 | 2025 |
| AVENUE MOLIERE Lasne | 2006 | €332,645 | €107,872 | €112,092 | -€13,792 | 1 | 2025 |
| EYE ON FASHION Antwerpen | 2016 | €458,859 | €243,650 | €166,745 | -€44,337 | 3.1 | 2025 |
They were chosen from the 818 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2026
Snauwaert Fiona
Current
Bestuurder niet statutair · since 01-07-2023 · listed in the 2025 annual accounts, filed on 12-06-2026
Mandate history
3 people, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Snauwaert Fiona |
|
| Reijers Candice |
|
| Hallemans Geert |
|
The board according to the articles of association
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alone
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, 1”
Articles of association, deed of 27-10-2026
Owners and capital
Shareholders
1 ownerOwners 1
-
30%
Other provisions of the articles of association
- Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
- “Vergoeding van de bestuurders, vaste of evenredige vergoeding”“Alleen of gezamenlijk zoals bestuursorgaan bepaalt, dagelijks bestuur”“Winstverdeling en uitkeringen, reservering bij gebrek aan bestemmingsbeslissing”Liquidation distribution: “Goederen in natura op dezelfde wijze, netto actief onder aandeelhouders naar verhouding aantal aandelen”
Articles of association, deed of 27-10-2026 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from the directors of RAF. Every other company they run is a node.
This company
Company
Director
Shareholding
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History
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
27-10
Gazette deed
Appointment: Fiona Snauwaert (bestuurder niet statutair)Permanent representative: Fiona Snauwaert · Registered office clause · Amendment of the articles8 points ▸
Gazette deed
Appointment: Fiona Snauwaert (bestuurder niet statutair)
Permanent representative: Fiona Snauwaert · Registered office clause · Amendment of the articles8 points ▸
- Registered office clause, “9000 Gent,Sint-Pietersnieuwstraat 13” (deed in Dutch)
- Director appointment, Fiona Snauwaert (bestuurder niet statutair)
- Permanent representative, Fiona Snauwaert
- General meeting, 21-10-2026
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “van rechtswege omgezet, artikel 39, §2, tweede lid van de wet van 23-03-2019 tot invoering van het Wetboek van Vennootschappen en Verenigingen en houdende di…” (deed in Dutch)
- Reserve release, “statutair onbeschikbare eigen vermogensrekening volledig opheffen en beschikbaar maken voor uitkering, pas tot uitkering na balans- en liquiditeitstest overeenk…” (deed in Dutch)
- Name change, RAF
12-06
financial year 2025 · abbreviated format
2025
01-07
financial year 2024 · abbreviated format
2024
13-08
Gazette deed
Resignation: Reijers Candice (director)Director discharge3 points ▸
Gazette deed
Resignation: Reijers Candice (director)
Director discharge3 points ▸
- General meeting, 19-06-2024
- Director resignation, Reijers Candice (director)
- Director discharge, Reijers Candice
17-07
financial year 2023 · abbreviated format
2023
31-12
Financial
Highest result from 2018 to 2025net €71,456 ▲327%
The operating result of €105,548 and the net result of €71,456 are both a record.
31-12
Financial
Equity above €100,000equity €102,800 ▲228%
With a profit in every financial year since 2018, equity grows to €102,800.
16-08
Gazette deed
Resignation: Hallemans Geert (director)Appointments: Reijers Candice (director) and Snauwaert Fiona (director) · Director discharge · Registered-office move6 points ▸
Gazette deed
Resignation: Hallemans Geert (director)
Appointments: Reijers Candice (director) and Snauwaert Fiona (director) · Director discharge · Registered-office move6 points ▸
- General meeting, 01-07-2023
- Director resignation, Hallemans Geert (director)
- Director discharge, Hallemans Geert
- Director appointment, Reijers Candice (director)
- Director appointment, Snauwaert Fiona (director)
- Registered-office move, Sint-Pietersnieuwstraat 13, 9000 Gent
28-07
financial year 2022 · abbreviated format
2022
30-08
financial year 2021 · abbreviated format · 30 days late
2021
06-07
financial year 2020 · abbreviated format
2020
28-08
financial year 2019 · abbreviated format · 28 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordName
RAF in Dutch
Enterprise number
0634.908.352
Legal form
Private limited company
Status
Active, normale toestand
Founded
06-08-2015
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 27-10-2026 (in Dutch)Name clauseThe company operates under this name according to its articles.
Raf
deed of 27-10-2026 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 27-10-2026 (in Dutch)Registered office and establishments
Registered office
Sint-Pietersnieuwstraat 13, 9000 Gent, Belgium
Establishments
1 establishment unit since 2015
Activities
NACEBEL 202546423
Wholesale of clothing, excluding workwear and underwear main activity
47716
Retail sale of clothing and accessories for women, men, children and babies (general range) main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 27-10-2026 (in Dutch)
“Aan -en verkoop, groot -en kleinhandel, handelsbemiddeling, in -en uitvoer, huur en verhuur,; Ontwerp en fabricatie, vervaardiging…”
15 activities
- Aan -en verkoop, groot -en kleinhandel, handelsbemiddeling, in -en uitvoer, huur en verhuur,
- Ontwerp en fabricatie, vervaardiging, reinigen, onderhoud en herstelling van alle soorten stoffen, Ieder -en textielwaren, witgoed, bovenkleding, lingerie, strand -en badkleding, ceremoniekleding, beroepskleding, sport -en vrijetijdskleding, breigoed, bontwerk, schoeisel, kousen, hoeden, handschoenen dassen, ceinturen, paraplu's, reisartikelen,
- Fantasiejuwelen, mercerie, decoratie - artikelen en alle mogelijke kledingaccessoires en modeartikelen en dit zowel voor dames, heren, baby’s en kinderen.
- De handel in de meest ruime zin van het woord in textiel, textielwaren en toebehoren allerhande, inzonderheid in alle producten van kledingsnijverheid en accessoires van de kleding, zoals lederwaren, opschik en bijouterie.
- Het verwerven en beheren van een patrimonium bestaande uit onroerende en/of roerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan, en die van die aard zijn de opbrengst van haar patrimonium te bevorderen, zoals het onderhoud, de ontwikkeling, de verfraaiing en de verhuring van haar onroerende goederen.
- Kleinhandel in boeken, kranten, tijdschriften en kantoorbehoeften.
- Uitbaten van een koffiebar.
- Retouches en herstellen van kleding en maatpakken.
- Groothandel (agentuur of distributie) in kleding, schoeisel, lederwaren en accessoires.
- Het ontwerpen en voeren van reclame- en promotiecampagnes voor derden via verschillende media.
- Organiseren van evenementen in de ruimste zin.
- Organiseren van tentoonstellingen, vakbeurzen, seminaries, enz.
- Kleinhandel in bloemen en planten,
- Aan- en verkoop, huur en verhuur van onroerende goederen.
- Tussenpersoon in handel, verkopen op commissie
Invoicing and payment
VAT number
BE 0634.908.352
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
30 June at 10:00
deed of 27-10-2026 (in Dutch)The scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
Location
1 establishment unit
Rewind
since 2015unit number 2.244.727.874
Buildings and parcels at the address
Ground area
359 m²
Building footprint
282 m²
Building volume
4,501 m³
Parcel 44805E0287/00N000, Flanders · tallest building 20.2 m.
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44805E0287/00N000 | Flanders | 359 m² | 1 · 282 m² | 20.2 m · 5 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.