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RAF360

Active
Private limited companyfounded 20224 yrs activeBoulevard de La Dodaine 64, 1400 Nivelles, BelgiumKBO/BCE: BE 0787.714.333
Summary

The computed 12-month bankruptcy probability of RAF360 is 2.3% (moderate). The 2025 annual accounts show negative equity (-€21,496) and a net result of -€1,809. Equity is shrinking by ~25.3% per year across the filed fiscal years. Its solvency ranks better than 19% of 1317 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability17=
Solvency9▼-2
Growth32=
Track record94
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.17 against 0.17 in 2024; short-term debt: 115.9% and cash: 19.3% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-15.9%
Return on assets
-1.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
22232425
2022 to 2025 · latest year -€21,496
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 08-07-2026, 23 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
23 d early
2024
24 d late
2023
25 d late
2022
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% 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.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

RAF360 was incorporated on 27 June 2022 as a Private limited company.1 Total assets rose from EUR 1,208 in 2022 to EUR 135,418 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€21,496▼ 9.2%
2024 · -€19,687
Total assets
€135,418▼ 1.3%
2024 · €137,227
Net result
-€1,809▲ 4.7%
2024 · -€1,899
Working capital
-€130,676▼ 0.7%
2024 · -€129,733
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, 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
Line2022202320242025
Operating result-€739--€18,953▼ 2,466%-€1,875▲ 90.1%-€1,785▲ 4.8%
Net result-€792within the sector's middle half--€18,996below the sector's middle half▼ 2,298%-€1,899within the sector's middle half▲ 90.0%-€1,809within the sector's middle half▲ 4.7%
Equity€1,208within the sector's middle half--€17,788below the sector's middle half-€19,687below the sector's middle half▼ 10.7%-€21,496below the sector's middle half▼ 9.2%
Total assets€1,208below the sector's middle half-€118,712below the sector's middle half▲ 9,728%€137,227within the sector's middle half▲ 15.6%€135,418within the sector's middle half▼ 1.3%
Debt€136,500€156,914▲ 15.0%€156,914=
Working capital-€128,699-€129,733▼ 0.8%-€130,676▼ 0.7%
Solvency-15.0%below the sector's middle half-14.3%below the sector's middle half▲ 0.6pp-15.9%below the sector's middle half▼ 1.5pp
above within below the middle half (P25 to P75) of NACE 55, Accommodation, 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
-€20,000-€15,000-€10,000-€5,000€0Operating result 2022: -€739-€739Net result 2022: -€792-€792Operating result 2023: -€18,953-€18,953Net result 2023: -€18,996-€18,996Operating result 2024: -€1,875-€1,875Net result 2024: -€1,899-€1,899Operating result 2025: -€1,785-€1,785Net result 2025: -€1,809-€1,8092022202320242025-€20,000-€15,000-€10,000-€5,000€0Operating result 2023: -€18,953-€19,000Net result 2023: -€18,996-€19,000Operating result 2024: -€1,875-€1,870Net result 2024: -€1,899-€1,900Operating result 2025: -€1,785-€1,790Net result 2025: -€1,809-€1,810202320242025
The operating result stays negative: a loss of €1,785 in 2025 against €1,875 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135,120
Fixed assets €108,882 ▼ 0.6%
Current assets €26,237 ▼ 3.5%
Key figures and ratios
2025 value · change against 2024
EBITDA
-€920▲
2024 · -€1,009
Cash flow
-€944▲
2024 · -€1,033
Current ratio
0.17▼
2024 · 0.17
Debt to equity
-7.30▲
2024 · -7.97
ROA
-1.3%▲
2024 · -1.4%
Interest coverage
-38.32▲
2024 · -42.06
Debt ≤ 1 year
€156,914=
2024 · €156,914
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,554 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a small loss
4.1% went bankrupt
3.5% stopped otherwise
91% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,554 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 30 lines
Balance sheet Code20242025
Assets
Total assets20/58€137,227€135,418▼
Formation expenses20€497€298▼
Fixed assets21/28€109,549€108,882▼
Tangible fixed assets22/27€109,549€108,882▼
Land and buildings22€108,353€108,353=
Plant, machinery and equipment23€1,196€530▼
Current assets29/58€27,181€26,237▼
Amounts receivable within one year40/41-€34
Other amounts receivable41-€34
Cash at bank and in hand54/58€27,181€26,203▼
Equity and liabilities
Total equity and liabilities10/49€137,227€135,418▼
Equity10/15-€19,687-€21,496▼
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14-€21,687-€23,496▼
Amounts payable17/49€156,914€156,914=
Amounts payable within one year42/48€156,914€156,914=
Trade debts44€414€414=
Suppliers440/4€414€414=
Other amounts payable47/48€156,500€156,500=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€865€865=
Other operating charges640/8€145€149▲
Gross operating margin9900-€865-€771▲
Operating profit (loss)9901-€1,875-€1,785▲
Financial charges65/66B€24€24=
Recurring financial charges65€24€24=
Profit (loss) for the period before taxes9903-€1,899-€1,809▲
Profit (loss) for the period9904-€1,899-€1,809▲
Profit (loss) for the period to be appropriated9905-€1,899-€1,809▲
Appropriation of the result
Profit (loss) to be appropriated9906-€21,687-€23,496▼
Profit (loss) brought forward from the previous period14P-€19,788-€21,687▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€99€336€865€865=
Other operating charges640/8-€121€145€149▲ 2.7%
Non-recurring operating charges66A-€13,865---
Gross operating margin9900-€639-€4,631-€865-€771▲ 10.8%
Operating profit (loss)9901-€739-€18,953-€1,875-€1,785▲ 4.8%
Financial charges65/66B€53€43€24€24=
Recurring financial charges65€53€43€24€24=
Profit (loss) for the period before taxes9903-€792-€18,996-€1,899-€1,809▲ 4.7%
Profit (loss) for the period9904-€792-€18,996-€1,899-€1,809▲ 4.7%
Profit (loss) for the period to be appropriated9905-€792-€18,996-€1,899-€1,809▲ 4.7%
Line2022202320242025Change
Assets
Total assets20/58€1,208€118,712€137,227€135,418▼ 1.3%
Formation expenses20€894€695€497€298▼ 40.0%
Fixed assets21/28-€110,216€109,549€108,882▼ 0.6%
Tangible fixed assets22/27-€110,216€109,549€108,882▼ 0.6%
Land and buildings22-€108,353€108,353€108,353=
Plant, machinery and equipment23-€1,863€1,196€530▼ 55.7%
Current assets29/58€314€7,801€27,181€26,237▼ 3.5%
Amounts receivable within one year40/41€240--€34-
Other amounts receivable41€240--€34-
Cash at bank and in hand54/58€74€7,801€27,181€26,203▼ 3.6%
Equity and liabilities
Total equity and liabilities10/49€1,208€118,712€137,227€135,418▼ 1.3%
Equity10/15€1,208-€17,788-€19,687-€21,496▼ 9.2%
Contributions10/11€2,000€2,000€2,000€2,000=
Profit (loss) carried forward14-€792-€19,788-€21,687-€23,496▼ 8.3%
Amounts payable17/49-€136,500€156,914€156,914=
Amounts payable within one year42/48-€136,500€156,914€156,914=
Trade debts44--€414€414=
Suppliers440/4--€414€414=
Other amounts payable47/48-€136,500€156,500€156,500=
Line2022202320242025Change
Profit (loss) for the period9904-€792-€18,996-€1,899-€1,809▲ 4.7%
+ Depreciation and write-downs630€99€336€865€865=
Operating cash flow (approximation)-€693-€18,661-€1,033-€944▲ 8.7%
Investment in fixed assets (approximation)---€199-€199=
Change in cash-€7,726€19,380-€978▼ 105%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
08-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
24-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
25-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
31-12
Financial Weakest financial yearnet -€18,996
Net result drops to -€18,996, the lowest in the series; recovery starts the following year.
01-07
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, Nivelles · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
3,215 m²
Building footprint
204 m²
Volume, LiDAR
4,408 m³
Parcel 25782D1202/00V000, Wallonia · tallest building 23.6 m, ±7 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
RAF360
Boulevard de La Dodaine 64, 1400 NivellesGrowing of vegetables, melons, roots and tubers
since 20222.333.288.280
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25782D1202/00V000 Wallonia 3,215 m² 1 · 204 m² 23.6 m · 7 fl.
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.

Similar companies · same sector, comparable size

Of 441 companies in sector 55300 we hold annual accounts for 292. 12 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
Founded27-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
55300Accommodation
77110Renting and leasing of cars and light motor vehicles
77210Renting and leasing of sports and recreation goods
77392Rental and leasing activities
77394Rental and leasing activities
93299Other amusement and recreation activities
Contact
E-mail fredstiens@stdf.be
Phone +32477576345
E-mail contact@vialomgt.beNivelles
E-invoicing
Reachable via Peppol
Peppol ID 0208:0787714333
Registered 25-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.