RAF INTERNATIONAL
ActiveRAF INTERNATIONAL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €418k and a net result of €20k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 84% of 11195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability24▼-18
Solvency67=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity short (current ratio 0.15 against 0.23 in 2024), and 15.8% 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
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
84.2%
Return on assets
4.1%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
20 d late
2023
4 d early
2022
6 d early
2021
4 d early
2020
1 d early
2019
26 d late
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€418k▲ 5.1%
2024 · €398k
2018: €274k
2019: €307k
2020: €326k
2021: €360k
2022: €353k
2023: €364k
2024: €398k
2018 → 2025
Total assets
€496k▼ 8.2%
2024 · €540k
2018: €644k
2019: €609k
2020: €588k
2021: €573k
2022: €516k
2023: €576k
2024: €540k
2018 → 2025
Net result
€20k▼ 39.5%
2024 · €33k
2018: €10k
2019: €34k
2020: €19k
2021: €33k
2022: €-6k
2023: €11k
2024: €33k
2018 → 2025
Working capital
€-63k▲ 40.9%
2024 · €-107k
2018: €27k
2019: €29k
2020: €36k
2021: €-19k
2022: €-69k
2023: €-152k
2024: €-107k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€360k-€353k▼ 1.7%€364k▲ 3.1%€398k▲ 9.1%€418k▲ 5.1%
Operating result€50k-€-921€24k€45k▲ 82.7%€20k▼ 54.4%
Net result€33k-€-6k€11k€33k▲ 205%€20k▼ 39.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €496k
Fixed assets
€485k▼ 4.6%
Current assets
€11k▼ 65.6%
Equity and liabilities €496k
Equity
€418k▲ 5.1%
Debt
€78k▼ 45.0%
The debt ratio falls from 26.4% to 15.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€45k▼
2024 · €81k
Cash flow
€45k▼
2024 · €70k
Solvency
84.2%▲
2024 · 73.6%
Current ratio
0.15▼
2024 · 0.23
Quick ratio
0.15▼
2024 · 0.23
Debt / equity
0.19▼
2024 · 0.36
ROE
4.8%▼
2024 · 8.4%
ROA
4.1%▼
2024 · 6.2%
Interest coverage
88.36▼
2024 · 110.27
Debt
€78k▼
2024 · €143k
Debt ≤ 1 year
€74k▼
2024 · €138k
Income taxes
€-361▼
2024 · €11k
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€540k€496k▼
Fixed assets21/28€509k€485k▼
Tangible fixed assets22/27€509k€485k▼
Land and buildings22€484k€470k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€18k€11k▼
Other tangible fixed assets26€4k€2k▼
Current assets29/58€31k€11k▼
Amounts receivable within one year40/41€19k€6k▼
Trade receivables40€19k€6k▼
Other amounts receivable41€13€13=
Cash at bank and in hand54/58€10k€3k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€540k€496k▼
Equity10/15€398k€418k▲
Contributions10/11€19k€19k=
Reserves13€182k€182k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€7k€7k=
Distributable reserves133€173k€173k=
Profit (loss) carried forward14€197k€217k▲
Amounts payable17/49€143k€78k▼
Amounts payable within one year42/48€138k€74k▼
Current portion of amounts payable after more than one year42€23k-
Trade debts44€7k€2k▼
Suppliers440/4€7k€2k▼
Taxes, remuneration and social security45€16k€9k▼
Taxes450/3€16k€9k▼
Other amounts payable47/48€92k€63k▼
Accrued charges and deferred income492/3€5k€5k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€25k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€84k€49k▼
Operating profit (loss)9901€45k€20k▼
Financial income75/76B€3-
Recurring financial income75€3-
Financial charges65/66B€735€512▼
Recurring financial charges65€735€512▼
Profit (loss) for the period before taxes9903€44k€20k▼
Income taxes67/77€11k€-361▼
Profit (loss) for the period9904€33k€20k▼
Profit (loss) for the period to be appropriated9905€33k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€197k€217k▲
Profit (loss) brought forward from the previous period14P€164k€197k▲
The notes to these accounts (5 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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-6k ▼119%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Highest result since 2018net €34k ▲227%
Operating result €54k, net result €34k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
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
2 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, Anderlues · 1 establishment unit since 1991
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 d'Ansuelle 19A6150 AnderluesGround area
5,359 m²
Building footprint
240 m²
Volume, LiDAR
1,572 m³
2 parcels, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Joseph Van Malderen 3, 1310 La Hulpe
since 19912.053.471.786
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56302F0214/00B000 | Wallonia | 5,120 m² | 1 · 192 m² | 9.5 m · 2 fl. |
| 25050B0365/00D000 | Wallonia | 239 m² | 1 · 48 m² | 9.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DESIRON & LIZEN
BE 0408.327.438
Liège · Eq €418k
MEUBELCO
BE 0462.400.087
Puurs-Sint-Amands · Eq €418k
INTERIOR LIGHTING
BE 0871.619.630
La Louvière · Eq €419k
BENTEN
BE 0438.050.515
Sint-Martens-Latem · Eq €411k
BH GROUP
BE 0837.406.146
Nivelles · Eq €411k
Of 674 companies in sector 46494 we hold annual accounts for 527. 398 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-06-1991
Fiscal year end31-12
Activities, NACEBEL
46494Wholesale of non-electrical household articles
51471
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.