RAFACO
ActiveSummary
RAFACO has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82,589 and a net result of €33,776. Its solvency ranks better than 58% of 39,272 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-09-2023 Normal situation
- Activity
- Activities of head offices NACE 70100and 2 others
- Establishment unit
- 2.349.477.085 8500 Kortrijk, since 01-10-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 28-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €49,196
- ▼ 27.3%
- Turnover
- ≈ €140,000
- estimated
- Profit
- €33,776
- ▼ 27.9%
- Equity
- €82,589
- ▲ 69.2%
- Total assets
- €130,190
- ▲ 57.2%
- 2025 accounts filed 21 days after the deadline
Score breakdownraises riskLiquidity: current ratio 2.74, cash €948, halvedFounded in 2023lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Figures for financial year 2025 (filed on 26-08-2026)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 58% of them on solvency, 15% on liquidity, 84% on profitability and 85% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 17 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 21 days after the deadline Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00425023.
Annual accounts 2025 filed on 21-08-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is 27% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €1,194 | €567 | ▼ 52.5% |
| Gross operating margin9900 | €67,712 | €49,196 | ▼ 27.3% |
| Operating profit (loss)9901 | €66,519 | €48,629 | ▼ 26.9% |
| Financial income75/76B | €1 | - | - |
| Recurring financial income75 | €1 | - | - |
| Financial charges65/66B | €240 | €164 | ▼ 31.4% |
| Recurring financial charges65 | €240 | €164 | ▼ 31.4% |
| Profit (loss) for the period before taxes9903 | €66,280 | €48,464 | ▼ 26.9% |
| Income taxes67/77 | €19,467 | €14,688 | ▼ 24.5% |
| Profit (loss) for the period9904 | €46,813 | €33,776 | ▼ 27.9% |
| Profit (loss) for the period to be appropriated9905 | €46,813 | €33,776 | ▼ 27.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €82,832 | €130,190 | ▲ 57.2% |
| Current assets29/58 | €82,832 | €130,190 | ▲ 57.2% |
| Stocks and contracts in progress3 | €1,155 | €1,155 | = |
| Stocks30/36 | €1,155 | €1,155 | = |
| Amounts receivable within one year40/41 | €25,298 | €37,054 | ▲ 46.5% |
| Trade receivables40 | €23,262 | €23,712 | ▲ 1.9% |
| Other amounts receivable41 | €2,035 | €13,342 | ▲ 556% |
| Current investments50/53 | - | €90,000 | - |
| Cash at bank and in hand54/58 | €56,380 | €948 | ▼ 98.3% |
| Deferred charges and accrued income490/1 | - | €1,032 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €82,832 | €130,190 | ▲ 57.2% |
| Equity10/15 | €48,813 | €82,589 | ▲ 69.2% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Reserves13 | €46,000 | €79,000 | ▲ 71.7% |
| Distributable reserves133 | €46,000 | €79,000 | ▲ 71.7% |
| Profit (loss) carried forward14 | €813 | €1,589 | ▲ 95.4% |
| Amounts payable17/49 | €34,019 | €47,601 | ▲ 39.9% |
| Amounts payable within one year42/48 | €29,175 | €47,601 | ▲ 63.2% |
| Trade debts44 | €651 | €2,819 | ▲ 333% |
| Suppliers440/4 | €651 | €2,819 | ▲ 333% |
| Taxes, remuneration and social security45 | €28,524 | €44,782 | ▲ 57.0% |
| Taxes450/3 | €28,524 | €44,782 | ▲ 57.0% |
| Accrued charges and deferred income492/3 | €4,844 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €46,813 | €33,776 | ▼ 27.9% |
| Operating cash flow (approximation) | €46,813 | €33,776 | ▼ 27.9% |
| Change in cash | - | -€55,432 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as RAFACO has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of RAFACO itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for RAFACO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- FACHE Julie Geertrui Josefien 51 shares (51%) · €1,020
- RAES David Stephaan Bruno 49 shares (49%) · €980
Capital transactions
- 18-09-2023 Incorporation · 100 shares
Network & group
RAFACO shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of RAFACO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
18-09
Gazette deed
IncorporationAppointment: FACHE Julie Geertrui Josefien (director) · Founder · Founding capital10 points ▸
- Incorporation, 13-09-2023
- Founder, FACHE Julie Geertrui Josefien (shareholder)
- Founder, RAES David Stephaan Bruno (shareholder)
- Founding capital
- Founder, FACHE Julie Geertrui Josefien
- Founder, RAES David Stephaan Bruno
- Board rule, 1
- Director appointment, FACHE Julie Geertrui Josefien (director (not named in the articles))
- Other provision, “verbodsbepaling mandaat, niet getroffen door enige verbodsbepaling voor uitoefening mandaat” (deed in Dutch)
- Registered office clause, “8500 Kortrijk, Burgemeester Pyckestraat 38” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34022E0083/00R002 | Flanders | 615 m² | 1 · 113 m² | 10.9 m · 3 |