RAF VERDONCK
ActiveThe computed 12-month bankruptcy probability of RAF VERDONCK is 2.3% (moderate). The 2023 annual accounts show equity of €7k and a net result of €-7k. Equity is shrinking by ~31.7% per year across the filed fiscal years. Its solvency ranks better than 39% of 33686 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2023
63
/ 100
Healthy▲ +8 vs 2022
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability0=
Solvency68▼-15
Growth32=
Stability100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.55 against 1.76 in 2022), but 64.6% 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.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
35.4%
Return on assets
-34.9%
Age of the figures
33 mo
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2022 and 2023); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2023Net result per financial year
1920212223
2019 to 2023 · latest year -€7k
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline16-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 23-08-2024, 23 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
23 d late
2022
31 d early
2021
33 d early
2020
31 d late
2019
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€7k▼ 49.6%
2022 · €15k
2019: €31k
2020: €34k
2021: €37k
2022: €15k
2019 → 2023
Total assets
€21k▼ 38.4%
2022 · €34k
2019: €66k
2020: €61k
2021: €60k
2022: €34k
2019 → 2023
Net result
€-7k▲ 67.7%
2022 · €-23k
2019: €12k
2020: €3k
2021: €4k
2022: €-23k
2019 → 2023
Working capital
€7k▼ 49.6%
2022 · €15k
2019: €22k
2020: €27k
2021: €37k
2022: €15k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€31k-€34k▲ 9.8%€37k▲ 11.8%€15k▼ 60.6%€7k▼ 49.6%
Operating result€16k-€4k▼ 76.4%€5k▲ 34.7%€-23k€-7k▲ 67.9%
Net result€12k-€3k▼ 75.0%€4k▲ 32.7%€-23k€-7k▲ 67.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2023 against €23k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €21k
Equity
€7k▼ 49.6%
Debt
€14k▼ 29.8%
The debt ratio rises from 56.7% to 64.6%: equity shrinks faster than debt is paid down.
Key figures and ratios
Solvency
35.4%▼
2022 · 43.3%
Current ratio
1.55▼
2022 · 1.76
Quick ratio
1.01▼
2022 · 1.09
Debt / equity
1.83▲
2022 · 1.31
ROE
-98.5%▲
2022 · -153.7%
ROA
-34.9%▲
2022 · -66.6%
Debt
€14k▼
2022 · €19k
Debt ≤ 1 year
€14k▼
2022 · €19k
Staff costs
€610▲
2022 · €474
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€34k€21k▼
Current assets29/58€34k€21k▼
Stocks and contracts in progress3€13k€7k▼
Stocks30/36€5k€6k▲
Contracts in progress37€8k€2k▼
Amounts receivable within one year40/41€12k€9k▼
Trade receivables40€11k€9k▼
Other amounts receivable41€586€698▲
Cash at bank and in hand54/58€9k€4k▼
Deferred charges and accrued income490/1€414€414=
Equity and liabilities
Total equity and liabilities10/49€34k€21k▼
Equity10/15€15k€7k▼
Contributions10/11€19k€19k=
Reserves13€19k€19k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€-23k€-30k▼
Amounts payable17/49€19k€14k▼
Amounts payable within one year42/48€19k€14k▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€6k-
Taxes450/3€1k-
Remuneration and social security454/9€5k-
Other amounts payable47/48€11k€11k▼
Income statement
Code20222023
Remuneration, social security and pensions62€474€610▲
Other operating charges640/8€259€462▲
Gross operating margin9900€-22k€-6k▲
Operating profit (loss)9901€-23k€-7k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€104€84▼
Recurring financial charges65€104€84▼
Profit (loss) for the period before taxes9903€-23k€-7k▲
Profit (loss) for the period9904€-23k€-7k▲
Profit (loss) for the period to be appropriated9905€-23k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€-30k▼
Profit (loss) brought forward from the previous period14P-€-23k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-23k ▼674%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
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, Heist-op-den-Berg · 1 establishment unit since 2018
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.
Vildersweg(WIE) 112222 Heist-op-den-BergGround area
1,646 m²
Building footprint
152 m²
Volume, LiDAR
798 m³
Parcel 12039A0510/02A000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RAF VERDONCK
since 20182.275.217.647
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12039A0510/02A000 | Flanders | 1,646 m² | 1 · 152 m² | 8.8 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.
Similar companies · same sector, comparable size
Vallons
BE 1027.107.165
Leuven · Eq €7k
BGL
BE 0748.795.854
Antwerpen · Eq €7k
Simons L
BE 1021.519.668
Destelbergen · Eq €7k
Sanidestock
BE 0673.481.391
Hannut · Eq €7k
Den Dave
BE 0739.722.295
Puurs-Sint-Amands · Eq €8k
Of 7,033 companies in sector 43221 we hold annual accounts for 3,468. 1,491 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-03-2018
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
43410Roofing work
43421Specialised construction activities
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.