RAFAEL CONSTRUCT
Bankruptcy closedSummary
RAFAEL CONSTRUCT was declared bankrupt on 20-05-2025 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 08-09-2026, published in the Belgian State Gazette on 17-09-2026. The 2021 annual accounts show equity of €56,899 and a net result of €56,899.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 17-10-2022, 78 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 · 1 filingDeviation from the deadline
2021
78 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2021 accounts 78 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2021, micro schema
Equity
€56,899
Total assets
€78,720
Net result
€56,899
Working capital
€55,129
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €78,720
Fixed assets
€1,770
Current assets
€76,950
Equity and liabilities €78,720
Equity
€56,899
Debt
€21,821
Debt finances 27.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€74,043
Cash flow
€59,195
Current ratio
3.53
Debt to equity
0.38
ROE
100.0%
ROA
72.3%
Interest coverage
118.78
Debt ≤ 1 year
€21,821
Income taxes
€14,225
Annual accounts
| Line | 2021 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,296 |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €53 |
| Other operating charges640/8 | €1,756 |
| Gross operating margin9900 | €75,852 |
| Operating profit (loss)9901 | €71,747 |
| Financial charges65/66B | €623 |
| Recurring financial charges65 | €623 |
| Profit (loss) for the period before taxes9903 | €71,124 |
| Income taxes67/77 | €14,225 |
| Profit (loss) for the period9904 | €56,899 |
| Profit (loss) for the period to be appropriated9905 | €56,899 |
| Line | 2021 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €78,720 | |
| Fixed assets21/28 | €1,770 | |
| Tangible fixed assets22/27 | €1,770 | |
| Furniture and vehicles24 | €1,770 | |
| Current assets29/58 | €76,950 | |
| Amounts receivable within one year40/41 | €60,559 | |
| Trade receivables40 | €15,744 | |
| Other amounts receivable41 | €44,815 | |
| Cash at bank and in hand54/58 | €15,054 | |
| Deferred charges and accrued income490/1 | €1,337 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €78,720 | |
| Equity10/15 | €56,899 | |
| Profit (loss) carried forward14 | €56,899 | |
| Amounts payable17/49 | €21,821 | |
| Amounts payable within one year42/48 | €21,821 | |
| Trade debts44 | €7,596 | |
| Suppliers440/4 | €7,596 | |
| Taxes, remuneration and social security45 | €14,225 | |
| Taxes450/3 | €14,225 | |
| Line | 2021 |
|---|---|
| Profit (loss) for the period9904 | €56,899 |
| + Depreciation and write-downs630 | €2,296 |
| Operating cash flow (approximation) | €59,195 |
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
2026
17-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 08-09-2026
2025
27-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 20-05-2025
07-05
KBO administration
Address struck
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
SignalNBB filing
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Pieters-Leeuw · 1 establishment unit since 2020
Ground area
1,774 m²
Building footprint
486 m²
Volume, LiDAR
4,923 m³
2 parcels, Brussels, Flanders · tallest building 22.0 m, ±6 floors. Linked by address, not a title deed.
510
companies at this address
See who is registered here
1 establishment unit
RAFAEL CONSTRUCT
since 20202.306.782.140
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 fl. |
| 21392B0029/00K009 | Brussels | 136 m² | 1 · 89 m² | 22.0 m · 6 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Jan DE RIECK PEGASUSLAAN 5, 1831 DIEGEM- |
20-05-2025 → 08-09-2026 |
Identification & contact
Identification
Legal formPrivate limited company
Founded10-09-2020
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.