Rafco
ActiveRafco has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102k and a net result of €-67k. Equity is shrinking by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 77% of 16922 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency74▼-26
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity short (current ratio 0.82 against 6.58 in 2024), and 17.7% 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.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
82.3%
Return on assets
-53.9%
Age of the figures
8 mo
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 (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year -€67k
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 02-07-2026, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
29 d early
2024
35 d early
2023
57 d early
2022
25 d early
2021
30 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€102k▼ 39.6%
2024 · €169k
2021: €91k
2022: €230k
2023: €173k
2024: €169k
2021 → 2025
Total assets
€124k▼ 30.7%
2024 · €179k
2021: €116k
2022: €252k
2023: €184k
2024: €179k
2021 → 2025
Net result
€-67k▼ 1,483%
2024 · €-4k
2021: €62k
2022: €121k
2023: €-56k
2024: €-4k
2021 → 2025
Working capital
€-4k
2024 · €49k
2021: €91k
2022: €229k
2023: €40k
2024: €49k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€91k-€230k▲ 152%€173k▼ 24.4%€169k▼ 2.4%€102k▼ 39.6%
Operating result€77k-€160k▲ 107%€-54k€-631▲ 98.8%€-63k▼ 9,927%
Net result€62k-€121k▲ 96.7%€-56k€-4k▲ 92.5%€-67k▼ 1,483%
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 €63k in 2025 against €631 in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124k
Fixed assets
€107k▼ 11.3%
Current assets
€17k▼ 70.8%
Equity and liabilities €124k
Equity
€102k▼ 39.6%
Debt
€22k▲ 118%
The debt ratio rises from 5.6% to 17.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-50k▼
2024 · €13k
Cash flow
€-53k▼
2024 · €10k
Solvency
82.3%▼
2024 · 94.4%
Current ratio
0.82▼
2024 · 6.58
Quick ratio
0.82▼
2024 · 6.58
Debt / equity
0.22▲
2024 · 0.06
ROE
-65.5%▼
2024 · -2.5%
ROA
-53.9%▼
2024 · -2.4%
Interest coverage
-17.33▼
2024 · 5.05
Debt
€22k▲
2024 · €10k
Debt ≤ 1 year
€21k▲
2024 · €9k
Income taxes
€903▼
2024 · €984
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€179k€124k▼
Fixed assets21/28€121k€107k▼
Intangible fixed assets21€121k€107k▼
Tangible fixed assets22/27€225€0▼
Furniture and vehicles24€225€0▼
Current assets29/58€58k€17k▼
Amounts receivable within one year40/41€52k€17k▼
Trade receivables40€47k€10k▼
Other amounts receivable41€5k€7k▲
Cash at bank and in hand54/58€6k€12▼
Deferred charges and accrued income490/1€688€0▼
Equity and liabilities
Total equity and liabilities10/49€179k€124k▼
Equity10/15€169k€102k▼
Contributions10/11€19k€19k=
Reserves13€151k€84k▼
Distributable reserves133€151k€84k▼
Amounts payable17/49€10k€22k▲
Amounts payable within one year42/48€9k€21k▲
Financial debts43-€4k
Credit institutions430/8-€4k
Trade debts44€3k€6k▲
Suppliers440/4€3k€6k▲
Taxes, remuneration and social security45€6k€10k▲
Taxes450/3€6k€10k▲
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€87k
Other operating charges640/8€1k€3k▲
Gross operating margin9900€14k€41k▲
Operating profit (loss)9901€-631€-63k▼
Financial income75/76B€27€50▲
Recurring financial income75€27€50▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-3k€-66k▼
Income taxes67/77€984€903▼
Profit (loss) for the period9904€-4k€-67k▼
Profit (loss) for the period to be appropriated9905€-4k€-67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-67k▼
Transfer from equity791/2€4k€67k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-67k
Net result drops to €-67k, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €121k ▲96.7%
Operating result €160k, net result €121k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 12.00
Current ratio from 4.75 to 12.00; short-term debt falls from €24k to €21k.
31-12
Financial
Equity above €200kEq €230k ▲152%
2 profitable years in a row build equity to €230k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lokeren · 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.
Doorslaardam 379160 LokerenGround area
1,077 m²
Building footprint
164 m²
Volume, LiDAR
659 m³
Parcel 46007D1702/00V000, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rafco
since 20182.279.093.588
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46007D1702/00V000 | Flanders | 1,077 m² | 1 · 164 m² | 8.2 m · 1 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
PAGGERSVELD
BE 0899.930.465
Peer · Eq €102k
TRIPLE T CONSULTING
BE 0685.552.448
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EOS IT Solutions
BE 0833.816.255
Etterbeek · Eq €102k
DKODE
BE 0784.556.982
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LIMEBOOTH
BE 0830.550.028
Lokeren · Eq €102k
Of 29,885 companies in sector 62200 we hold annual accounts for 18,321. 15,504 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-08-2018
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
56210Event catering
82300Organisation of conventions and trade shows
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.