RAF ROELANTS
ActiveSummary
RAF ROELANTS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €232,642 and a net result of €69,704. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 76% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▲+85
Solvency96▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 3.78 against 2.55 in 2024; short-term debt: 22.1% and cash: 27.8% of total assets), and 29.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
70.8%
Return on assets
21.2%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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
10 d late
2024
29 d late
2023
27 d early
2022
25 d early
2021
33 d early
2020
4 d late
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 6 July (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, micro schema
Turnover
€0
2021 · €0
Total assets
€328,429▲ 35.4%
2024 · €242,493
Net result
€69,704
2024 · -€16,560
Working capital
€201,500▲ 66.8%
2024 · €120,768
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0€0
Operating result-€26,413€55,338€46,710▼ 15.6%-€16,595€95,597
Net result-€28,183below the sector's middle half€45,524above the sector's middle half€32,151above the sector's middle half▼ 29.4%-€16,560below the sector's middle half€69,704above the sector's middle half
Equity€101,823within the sector's middle half▼ 21.7%€147,347above the sector's middle half▲ 44.7%€179,498above the sector's middle half▲ 21.8%€162,938above the sector's middle half▼ 9.2%€232,642above the sector's middle half▲ 42.8%
Total assets€160,409within the sector's middle half▼ 2.4%€213,469within the sector's middle half▲ 33.1%€243,909within the sector's middle half▲ 14.3%€242,493within the sector's middle half▼ 0.6%€328,429above the sector's middle half▲ 35.4%
Debt€58,586▲ 71.0%€66,122▲ 12.9%€64,411▼ 2.6%€79,555▲ 23.5%€95,787▲ 20.4%
Working capital€90,767above the sector's middle half▼ 7.0%€135,812above the sector's middle half▲ 49.6%€154,034above the sector's middle half▲ 13.4%€120,768above the sector's middle half▼ 21.6%€201,500above the sector's middle half▲ 66.8%
Solvency63.5%within the sector's middle half▼ 15.7pp69.0%above the sector's middle half▲ 5.5pp73.6%above the sector's middle half▲ 4.6pp67.2%within the sector's middle half▼ 6.4pp70.8%above the sector's middle half▲ 3.6pp
Current ratio3.38above the sector's middle half▼ 0.473.64above the sector's middle half▲ 0.264.06above the sector's middle half▲ 0.422.55within the sector's middle half▼ 1.513.78above the sector's middle half▲ 1.23
Return on assets (ROA)-17.6%below the sector's middle half▼ 26.2pp21.3%above the sector's middle half▲ 38.9pp13.2%within the sector's middle half▼ 8.1pp-6.8%below the sector's middle half▼ 20.0pp21.2%above the sector's middle half▲ 28.1pp
Staff (FTE)1.8▼ 45.5%2.6▲ 44.4%2▼ 23.1%2.3
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €95,597 after a loss of €16,595 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €328,429
Fixed assets
€54,441 ▲ 24.3%
Current assets
€273,988 ▲ 37.9%
Equity and liabilities €328,429
Equity
€232,642 ▲ 42.8%
Debt
€95,787 ▲ 20.4%
Debt's share of the balance-sheet total falls from 32.8% to 29.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€110,522▲
2024 · -€5,817
Cash flow
€84,629▲
2024 · -€5,782
Quick ratio
1.71▲
2024 · 1.39
Debt to equity
0.41▼
2024 · 0.49
ROE
30.0%▲
2024 · -10.2%
Interest coverage
100.88▲
2024 · -4.65
Debt ≤ 1 year
€72,488▼
2024 · €77,940
Debt > 1 year
€17,393▲
2024 · €1,574
Income taxes
€24,841▲
2024 · €252
Staff costs
€121,434▲
2024 · €80,423
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are 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%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | - | €0 | - | - | - |
| Non-recurring operating income76A | €9,602 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €0 | - | €0 | - | - | - |
| Remuneration, social security and pensions62 | €100,467 | €130,986 | €97,557 | €80,423 | €121,434 | ▲ 51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,066 | €12,197 | €13,884 | €10,778 | €14,925 | ▲ 38.5% |
| Other operating charges640/8 | €2,024 | €2,547 | €2,238 | €2,192 | €3,339 | ▲ 52.3% |
| Non-recurring operating charges66A | €196 | - | - | - | - | - |
| Gross operating margin9900 | €87,341 | €201,069 | €160,389 | €76,797 | €235,296 | ▲ 206% |
| Operating profit (loss)9901 | -€26,413 | €55,338 | €46,710 | -€16,595 | €95,597 | ▲ 676% |
| Financial income75/76B | €339 | €390 | €10 | €1,538 | €44 | ▼ 97.2% |
| Recurring financial income75 | €339 | €390 | €10 | €1,538 | €44 | ▼ 97.2% |
| Financial charges65/66B | €1,767 | €1,805 | €1,540 | €1,252 | €1,096 | ▼ 12.5% |
| Recurring financial charges65 | €1,767 | €1,805 | €1,540 | €1,252 | €1,096 | ▼ 12.5% |
| Profit (loss) for the period before taxes9903 | -€27,842 | €53,922 | €45,179 | -€16,308 | €94,545 | ▲ 680% |
| Income taxes67/77 | €341 | €8,398 | €13,028 | €252 | €24,841 | ▲ 9,777% |
| Profit (loss) for the period9904 | -€28,183 | €45,524 | €32,151 | -€16,560 | €69,704 | ▲ 521% |
| Profit (loss) for the period to be appropriated9905 | -€28,183 | €45,524 | €32,151 | -€16,560 | €69,704 | ▲ 521% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €160,409 | €213,469 | €243,909 | €242,493 | €328,429 | ▲ 35.4% |
| Fixed assets21/28 | €31,524 | €26,205 | €39,506 | €43,785 | €54,441 | ▲ 24.3% |
| Tangible fixed assets22/27 | €31,524 | €26,205 | €39,506 | €43,785 | €54,441 | ▲ 24.3% |
| Plant, machinery and equipment23 | €4,682 | €3,419 | €14,165 | €18,096 | €16,806 | ▼ 7.1% |
| Furniture and vehicles24 | €14,589 | €8,234 | €7,990 | €9,064 | €19,359 | ▲ 114% |
| Other tangible fixed assets26 | €12,253 | €14,552 | €17,352 | €16,625 | €18,276 | ▲ 9.9% |
| Current assets29/58 | €128,884 | €187,264 | €204,403 | €198,708 | €273,988 | ▲ 37.9% |
| Stocks and contracts in progress3 | €16,500 | €6,000 | €35,125 | €90,236 | €150,064 | ▲ 66.3% |
| Stocks30/36 | €6,500 | €6,000 | €15,000 | €88,601 | €140,923 | ▲ 59.1% |
| Contracts in progress37 | €10,000 | €0 | €20,125 | €1,635 | €9,141 | ▲ 459% |
| Amounts receivable within one year40/41 | €23,390 | €7,701 | €11,490 | €47,315 | €29,936 | ▼ 36.7% |
| Trade receivables40 | €19,224 | €7,460 | €9,249 | €39,714 | €26,466 | ▼ 33.4% |
| Other amounts receivable41 | €4,166 | €242 | €2,241 | €7,602 | €3,470 | ▼ 54.4% |
| Cash at bank and in hand54/58 | €85,770 | €170,727 | €155,342 | €58,858 | €91,449 | ▲ 55.4% |
| Deferred charges and accrued income490/1 | €3,224 | €2,835 | €2,446 | €2,299 | €2,540 | ▲ 10.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €160,409 | €213,469 | €243,909 | €242,493 | €328,429 | ▲ 35.4% |
| Equity10/15 | €101,823 | €147,347 | €179,498 | €162,938 | €232,642 | ▲ 42.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | €12,400 | €12,400 | €12,400 | - | - | - |
| Other1109/19 | €12,400 | €12,400 | €12,400 | - | - | - |
| Reserves13 | €117,605 | €134,947 | €167,098 | €167,098 | €220,242 | ▲ 31.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €115,745 | €133,087 | €165,238 | €165,238 | €218,382 | ▲ 32.2% |
| Profit (loss) carried forward14 | -€28,183 | €0 | - | -€16,560 | €0 | ▲ 100% |
| Amounts payable17/49 | €58,586 | €66,122 | €64,411 | €79,555 | €95,787 | ▲ 20.4% |
| Amounts payable after more than one year17 | €20,468 | €14,170 | €7,872 | €1,574 | €17,393 | ▲ 1,005% |
| Financial debts170/4 | €20,468 | €14,170 | €7,872 | €1,574 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | - | - | - | €17,393 | - |
| Amounts payable within one year42/48 | €38,118 | €51,451 | €50,369 | €77,940 | €72,488 | ▼ 7.0% |
| Current portion of amounts payable after more than one year42 | €6,298 | €6,298 | €6,298 | €6,298 | €1,569 | ▼ 75.1% |
| Financial debts43 | €0 | €0 | €0 | €0 | €160 | - |
| Credit institutions430/8 | €0 | €0 | €0 | €0 | €160 | - |
| Trade debts44 | €20,412 | €29,958 | €22,851 | €47,637 | €22,561 | ▼ 52.6% |
| Suppliers440/4 | €20,412 | €29,958 | €22,851 | €47,637 | €22,561 | ▼ 52.6% |
| Taxes, remuneration and social security45 | €11,408 | €13,531 | €21,220 | €24,005 | €47,066 | ▲ 96.1% |
| Taxes450/3 | €4,016 | €6,169 | €12,633 | €15,234 | €32,578 | ▲ 114% |
| Remuneration and social security454/9 | €7,392 | €7,362 | €8,587 | €8,771 | €14,489 | ▲ 65.2% |
| Other amounts payable47/48 | €0 | €1,665 | €0 | €0 | €1,132 | - |
| Accrued charges and deferred income492/3 | - | €500 | €6,170 | €40 | €5,905 | ▲ 14,663% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,183 | €45,524 | €32,151 | -€16,560 | €69,704 | ▲ 521% |
| + Depreciation and write-downs630 | €11,066 | €12,197 | €13,884 | €10,778 | €14,925 | ▲ 38.5% |
| Operating cash flow (approximation) | -€17,117 | €57,722 | €46,035 | -€5,782 | €84,629 | ▲ 1,564% |
| Investment in fixed assets (approximation) | - | -€6,878 | -€27,185 | -€15,056 | -€25,581 | ▼ 69.9% |
| Change in cash | - | €84,957 | -€15,385 | -€96,484 | €32,591 | ▲ 134% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
31-12
Financial
Back to profitnet €69,704
Net result €69,704 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €232,642 ▲42.8%
Equity rises from €162,938 to €232,642.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €179,498 ▲21.8%
2 profitable years in a row build equity to €179,498.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €45,524
Net result €45,524 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€28,183
Net result drops to -€28,183, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Nijlen · 2 establishment units since 2008
Ground area
5,914 m²
Building footprint
144 m²
Volume, LiDAR
978 m³
2 parcels, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
RAF ROELANTS
since 20082.174.940.334
Itegembaan 171, 2590 Berlaar
since 20262.388.415.657
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12002B0327/00G000 | Flanders | 4,678 m² | - | - |
| 12026D0113/00V002 | Flanders | 1,236 m² | 1 · 144 m² | 11.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 9,000 EUR awarded · 9,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,000 EUR | 9,000 EUR |
Recognitions · licences · registrations
Dual-learning approval
2 endedSchilder (so)
Schilder-decorateur (so)
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,665. 1,962 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-11-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807807387
Also
9925:BE0807807387
Registered
05-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.