Equity
€1,023 ▲ 186%
RAF EXPRESS has made a profit without a break since 2022.
RAF EXPRESS
Lifetime
5 annual accounts with figures on one time axispeak €30,753 (2025)
€30,753▲ 12.5%
lowest -€7,311 (2021)
€665▼ 96.4%
peak €12,689 (2021)
€1,023▲ 186%
€32,685▲ 9.5%
Board2 names since 2021
2 directorsRaphaël PEETERS and 1 other
Documentsfilings and deeds
17-07-202614 days before the deadline
2025micro format
Gross margin from €27,330 to €30,753Result from €18,683 to €665Equity from €358 to €1,023Cash from €6 to €300
Key points
from the 2025 annual accountsTurnover
≈ €110,000 estimated
The accounts state no turnover.
Debts
€32,685 97% of the balance sheet
Financial debts 29%Suppliers 15%Taxes and wages 55%
Filings
5 annual accounts since 2021
The last five annual accounts were filed 8 to 46 days before the end of the period.
Starting capital
€20,000 100 shares
Position in the sector
€1,023
Less equity than 83% of companies in land transport. Sector median €34,663 · 5,963 companies.
Checked score
49
Fair
Financially stronger than 34% of micro companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,097 companies (NACE 49, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.1%highest value
01-2025: 4.4%▼ -0.7 percentage points vs 12-2024
02-2025: 4.4%● unchanged vs 01-2025
03-2025: 4.4%● unchanged vs 02-2025
04-2025: 4.4%● unchanged vs 03-2025
05-2025: 4.5%▲ +0.1 percentage points vs 04-2025
06-2025: 4.5%● unchanged vs 05-2025
07-2025: 4.5%● unchanged vs 06-2025
08-2025: 4.5%● unchanged vs 07-2025
09-2025: 4.5%● unchanged vs 08-2025
10-2025: 4.5%● unchanged vs 09-2025
11-2025: 4.5%● unchanged vs 10-2025
12-2025: 4.5%● unchanged vs 11-2025
01-2026: 4.5%● unchanged vs 12-2025
02-2026: 4.5%● unchanged vs 01-2026
03-2026: 4.5%● unchanged vs 02-2026
04-2026: 4.6%▲ +0.1 percentage points vs 03-2026
05-2026: 4.7%▲ +0.1 percentage points vs 04-2026
06-2026: 4.5%▼ -0.2 percentage points vs 05-2026
07-2026: 4.5%● unchanged vs 06-2026
08-2026: 3.4%▼ -1.1 percentage points vs 07-2026
09-2026: 3.2%▼ -0.2 percentage points vs 08-2026lowest value
10-2026: 3.2%● unchanged vs 09-2026lowest value
11-2026: 3.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
Founded in 2021
Liquidity: current ratio 0.67, cash €300
lowers risk
Figures for financial year 2025 (filed on 17-07-2026)
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 49, micro). It does better than 17% of them on solvency, 3% on liquidity, 22% on profitability and 94% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,251 companies had the same profile as RAF EXPRESS has now. Each dot stands for 4 companies, two years later.
94.4%
were still trading
2.7%
stopped another way
2.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RAF EXPRESS itself: 3.2% within 12 months.
Test of the method
The method was tested on the 497,448 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 1,251 companies, not a prediction for RAF EXPRESS. 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.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 5952 sector peers (2025).
NBB · sector comparisonPosition among 5952 sector peers
Solvency
better than 17%
← weakest
strongest →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
14 days early
2024
45 days early
2023
8 days early
2022
17 days early
2021
46 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 26 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% 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 14 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- PEETERS Raphaël 75 sharesdeed of 27-10-2021
- PERICK Aurore 25 sharesdeed of 27-10-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0768624040
Purpose change
“Le transport national et international par tout moyen de transport routier, par chemin de fer, par voie d'eau…” (deed in French) · General meeting of 13-04-2023 · Gazette deed
Transfer of 25 shares from PEETERS Raphaël to PERICK Aurore
Appointment: PERICK Aurore (director) · PEETERS Raphaël holds 75 shares · PERICK Aurore holds 25 shares · General meeting of 9, 09 · Gazette deed
First establishment
Rue du Gazomètre 30, Fleurus
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RAF EXPRESS Fleurus | €33,708 | €30,753 | 3.0% | - |
| BENY TRANS Linkebeek | €37,241 | €36,078 | 12.0% | - |
| SBK GROUP Anderlecht | €32,935 | €25,570 | 39.9% | - |
| YAMAN GROUP Ghent | €29,350 | €28,162 | 6.8% | - |
| N&B Transport Berchem-Sainte-Agathe | €40,564 | €25,404 | 38.9% | - |
| Concrete Group Zaventem | €26,422 | €33,529 | -7.4% | - |
| TIMALI Sint-Gillis (bij-Brussel) | €38,997 | €39,425 | 40.2% | - |
These companies have the same main activity as RAF EXPRESS: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €26,400 and €40,600, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 21-05-2021Normal situation
- Activity
- Freight transport by roadNACE 49410and 2 others
- Establishment unit
- 2.317.865.7756220 Fleurus, since 10-06-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 31-03-2025
Annual accounts 2025
- €33,708▲ 11.6%
- Filing
- Filed on 17-07-2026, 14 days before the end of the filing period
Insights on RAF EXPRESS
RAF EXPRESS files the micro format. That format states no turnover. The gross margin rose from -€6,203 in 2021 to €30,753 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RAF EXPRESS
- What is the company number of RAF EXPRESS?
- The company number of RAF EXPRESS is 0768.624.040. The VAT number is the same number with BE in front: BE 0768.624.040.
- Where is RAF EXPRESS based?
- The registered office is at Rue du Gazomètre 30, 6220 Fleurus.Company details
- What does RAF EXPRESS do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of RAF EXPRESS?
- RAF EXPRESS is a private limited company (BV).
- When was RAF EXPRESS founded?
- RAF EXPRESS was founded on 21-05-2021.
- Is RAF EXPRESS still active?
- Yes, RAF EXPRESS is an active enterprise in the KBO register.
- What is the turnover of RAF EXPRESS?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €30,753 and 58 comparable companies (NACE 49410). It probably lies between €81,000 and €170,000.Financials
- Is RAF EXPRESS profitable?
- In financial year 2025, RAF EXPRESS made a profit of €665.
- Where can I find the annual accounts of RAF EXPRESS?
- RAF EXPRESS filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RAF EXPRESS due?
- RAF EXPRESS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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