RAF VERSTRAETE
ActiveSummary
The computed 12-month bankruptcy probability of RAF VERSTRAETE is 4.1% (elevated). The 2024 annual accounts show equity of €91k and a net result of €5k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 18936 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability43▲+2
Solvency37▼-4
Growth52=
Track record94
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.07 against 1.39 in 2023; short-term debt: 15.1% and cash: 3.7% of total assets), and 87.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 · 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 2024Solvency, return and age of the figures
Solvency
12.1%
Return on assets
0.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
34 d early
2022
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€91k▲ 6.2%
2023 · €85k
2022: €78klowest in 3 years
2023: €85k▲ +8.6% vs 2022
2024: €91k▲ +6.2% vs 2023highest in 3 years
2022 → 2024
Total assets
€745k▲ 39.3%
2023 · €535k
2022: €188klowest in 3 years
2023: €535k▲ +185% vs 2022
2024: €745k▲ +39.3% vs 2023highest in 3 years
2022 → 2024
Net result
€5k▼ 20.9%
2023 · €7k
2022: €73khighest in 3 years
2023: €7k▼ -90.8% vs 2022
2024: €5k▼ -20.9% vs 2023lowest in 3 years
2022 → 2024
Working capital
€8k▼ 75.4%
2023 · €31k
2022: €48khighest in 3 years
2023: €31k▼ -34.6% vs 2022
2024: €8k▼ -75.4% vs 2023lowest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€78k-€85k▲ 8.6%€91k▲ 6.2%
2022: €78klowest in 3 years
2023: €85k▲ +8.6% vs 2022
2024: €91k▲ +6.2% vs 2023highest in 3 years
Operating result€97k-€18k▼ 81.5%€23k▲ 25.2%
2022: €97khighest in 3 years
2023: €18k▼ -81.5% vs 2022lowest in 3 years
2024: €23k▲ +25.2% vs 2023
Net result€73k-€7k▼ 90.8%€5k▼ 20.9%
2022: €73khighest in 3 years
2023: €7k▼ -90.8% vs 2022
2024: €5k▼ -20.9% vs 2023lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 25% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €745k
Fixed assets
€625k ▲ 47.1%
Current assets
€120k ▲ 9.0%
Equity and liabilities €745k
Equity
€91k ▲ 6.2%
Debt
€655k ▲ 45.5%
Debt's share of the balance-sheet total rises from 84.1% to 87.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44k▲
2023 · €24k
Cash flow
€26k▲
2023 · €13k
Current ratio
1.07▼
2023 · 1.39
Debt to equity
7.23▲
2023 · 5.28
ROE
5.9%▼
2023 · 7.9%
ROA
0.7%▼
2023 · 1.3%
Interest coverage
2.81▲
2023 · 2.47
Debt ≤ 1 year
€113k▲
2023 · €79k
Debt > 1 year
€542k▲
2023 · €371k
Income taxes
€2k▲
2023 · €2k
Staff costs
€89k▲
2023 · €66k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€535k€745k▲
Fixed assets21/28€425k€625k▲
Tangible fixed assets22/27€425k€625k▲
Land and buildings22€317k€512k▲
Plant, machinery and equipment23€108k€104k▼
Furniture and vehicles24-€8k
Current assets29/58€111k€120k▲
Amounts receivable within one year40/41€17k€91k▲
Trade receivables40€17k€91k▲
Other amounts receivable41€147€625▲
Cash at bank and in hand54/58€86k€28k▼
Deferred charges and accrued income490/1€7k€1k▼
Equity and liabilities
Total equity and liabilities10/49€535k€745k▲
Equity10/15€85k€91k▲
Contributions10/11€5k€5k=
Reserves13€80k€86k▲
Distributable reserves133€80k€86k▲
Amounts payable17/49€450k€655k▲
Amounts payable after more than one year17€371k€542k▲
Financial debts170/4€371k€542k▲
Amounts payable within one year42/48€79k€113k▲
Current portion of amounts payable after more than one year42€17k€25k▲
Trade debts44€33k€22k▼
Suppliers440/4€33k€22k▼
Taxes, remuneration and social security45€29k€30k▲
Taxes450/3€21k€12k▼
Remuneration and social security454/9€8k€18k▲
Other amounts payable47/48€147€35k▲
Income statement
Code20232024
Remuneration, social security and pensions62€66k€89k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€21k▲
Other operating charges640/8€720€3k▲
Gross operating margin9900€91k€135k▲
Operating profit (loss)9901€18k€23k▲
Financial income75/76B€2€17▲
Recurring financial income75€2€17▲
Financial charges65/66B€10k€16k▲
Recurring financial charges65€10k€16k▲
Profit (loss) for the period before taxes9903€8k€7k▼
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€7k€5k▼
Profit (loss) for the period to be appropriated9905€7k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€5k▼
Transfer to equity691/2€7k€5k▼
To other reserves6921€7k€5k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €64k | €66k | €89k | ▲ 34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €496 | €6k | €21k | ▲ 244% |
| Other operating charges640/8 | €1k | €720 | €3k | ▲ 277% |
| Gross operating margin9900 | €163k | €91k | €135k | ▲ 48.8% |
| Operating profit (loss)9901 | €97k | €18k | €23k | ▲ 25.2% |
| Financial income75/76B | €86 | €2 | €17 | ▲ 666% |
| Recurring financial income75 | €86 | €2 | €17 | ▲ 666% |
| Financial charges65/66B | €8k | €10k | €16k | ▲ 59.2% |
| Recurring financial charges65 | €8k | €10k | €16k | ▲ 59.2% |
| Profit (loss) for the period before taxes9903 | €89k | €8k | €7k | ▼ 14.8% |
| Income taxes67/77 | €16k | €2k | €2k | ▲ 12.3% |
| Profit (loss) for the period9904 | €73k | €7k | €5k | ▼ 20.9% |
| Profit (loss) for the period to be appropriated9905 | €73k | €7k | €5k | ▼ 20.9% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €188k | €535k | €745k | ▲ 39.3% |
| Fixed assets21/28 | €78k | €425k | €625k | ▲ 47.1% |
| Tangible fixed assets22/27 | €78k | €425k | €625k | ▲ 47.1% |
| Land and buildings22 | €21k | €317k | €512k | ▲ 61.7% |
| Plant, machinery and equipment23 | €56k | €108k | €104k | ▼ 3.5% |
| Furniture and vehicles24 | - | - | €8k | - |
| Current assets29/58 | €110k | €111k | €120k | ▲ 9.0% |
| Amounts receivable within one year40/41 | €24k | €17k | €91k | ▲ 424% |
| Trade receivables40 | €17k | €17k | €91k | ▲ 425% |
| Other amounts receivable41 | €7k | €147 | €625 | ▲ 325% |
| Cash at bank and in hand54/58 | €84k | €86k | €28k | ▼ 67.6% |
| Deferred charges and accrued income490/1 | €2k | €7k | €1k | ▼ 81.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €188k | €535k | €745k | ▲ 39.3% |
| Equity10/15 | €78k | €85k | €91k | ▲ 6.2% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Reserves13 | €73k | €80k | €86k | ▲ 6.6% |
| Distributable reserves133 | €73k | €80k | €86k | ▲ 6.6% |
| Amounts payable17/49 | €109k | €450k | €655k | ▲ 45.5% |
| Amounts payable after more than one year17 | €47k | €371k | €542k | ▲ 46.2% |
| Financial debts170/4 | €47k | €371k | €542k | ▲ 46.2% |
| Amounts payable within one year42/48 | €62k | €79k | €113k | ▲ 42.3% |
| Current portion of amounts payable after more than one year42 | €3k | €17k | €25k | ▲ 47.3% |
| Trade debts44 | €31k | €33k | €22k | ▼ 33.3% |
| Suppliers440/4 | €31k | €33k | €22k | ▼ 33.3% |
| Taxes, remuneration and social security45 | €23k | €29k | €30k | ▲ 4.8% |
| Taxes450/3 | €16k | €21k | €12k | ▼ 42.5% |
| Remuneration and social security454/9 | €7k | €8k | €18k | ▲ 133% |
| Other amounts payable47/48 | €5k | €147 | €35k | ▲ 23,700% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €73k | €7k | €5k | ▼ 20.9% |
| + Depreciation and write-downs630 | €496 | €6k | €21k | ▲ 244% |
| Operating cash flow (approximation) | €74k | €13k | €26k | ▲ 105% |
| Investment in fixed assets (approximation) | - | €-353k | €-221k | ▲ 37.4% |
| Change in cash | - | €3k | €-58k | ▼ 2,388% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €5k ▼20.9%
Net result drops to €5k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · 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, Aarschot · 1 establishment unit since 2021
Ground area
1,705 m²
Building footprint
217 m²
Parcel 24652E0049/00F002, Flanders. Linked by address, not a title deed.
1 establishment unit
RAF VERSTRAETE
since 20212.321.385.390
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24652E0049/00F002 | Flanders | 1,705 m² | 1 · 217 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2022 to 2025 · 4 entries · 10,500 EUR awarded · 13,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,400 EUR | 5,400 EUR |
| 2024 | 1 | 3,000 EUR | 3,000 EUR |
| 2023 | 1 | 0 EUR | 3,000 EUR |
| 2022 | 1 | 2,100 EUR | 2,100 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteAarschot2.321.385.390
Dual-learning approval
1 live approvalRestaurant en keuken duaal (so)
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Of 7,502 companies in sector 56210 we hold annual accounts for 2,446. 2,012 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
Founded07-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
56111Full-service restaurants
82990Other business support services
85599Other education
90201Performing arts by independent artists
Contact
Website
www.rafverstraete.be
E-mail
rafverstraete@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.