RAFCON
ActiveRAFCON is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €266k and a net result of €37k. Equity is growing by ~35.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 7980 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
on the day
2023
20 d late
2022
24 d early
2021
6 d early
2020
24 d early
2019
38 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€266k▲ 16.2%
2024 · €229k
2018: €-18k
2019: €7k
2020: €35k
2021: €70k
2022: €163k
2023: €190k
2024: €229k
2018 → 2025
Net result
€37k▼ 3.9%
2024 · €39k
2018: €14k
2019: €25k
2020: €28k
2021: €35k
2022: €93k
2023: €28k
2024: €39k
2018 → 2025
Total assets
€467k▲ 7.5%
2024 · €435k
2018: €188k
2019: €205k
2020: €223k
2021: €157k
2022: €387k
2023: €399k
2024: €435k
2018 → 2025
Solvency
57.0%▲ 4.3pp
2024 · 52.7%
2018: -9.7%
2019: 3.5%
2020: 15.6%
2021: 44.6%
2022: 42.1%
2023: 47.7%
2024: 52.7%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€70k-€163k▲ 133%€190k▲ 16.9%€229k▲ 20.3%€266k▲ 16.2%
Operating result€50k-€138k▲ 175%€53k▼ 61.8%€61k▲ 15.7%€67k▲ 10.0%
Net result€35k-€93k▲ 165%€28k▼ 70.3%€39k▲ 40.3%€37k▼ 3.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €467k
Fixed assets
€68k▼ 34.5%
Current assets
€399k▲ 20.7%
Equity and liabilities €467k
Equity
€266k▲ 16.2%
Debt
€201k▼ 2.2%
The debt ratio falls from 47.3% to 43.0%: equity grows while debt is paid down.
Key figures and ratios
Solvency
57.0%▲
2024 · 52.7%
ROE
14.0%▼
2024 · 16.9%
ROA
8.0%▼
2024 · 8.9%
Debt
€201k▼
2024 · €206k
Debt ≤ 1 year
€176k▲
2024 · €159k
Debt > 1 year
€23k▼
2024 · €47k
Income taxes
€20k▼
2024 · €20k
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€435k€467k▲
Fixed assets21/28€104k€68k▼
Tangible fixed assets22/27€104k€68k▼
Furniture and vehicles24€104k€68k▼
Financial fixed assets28€350€350=
Current assets29/58€331k€399k▲
Amounts receivable within one year40/41€15k€16k▲
Trade receivables40€15k€15k▲
Other amounts receivable41€0€497▲
Cash at bank and in hand54/58€316k€384k▲
Equity and liabilities
Total equity and liabilities10/49€435k€467k▲
Equity10/15€229k€266k▲
Contributions10/11€12k€12k=
Reserves13€217k€254k▲
Distributable reserves133€217k€254k▲
Amounts payable17/49€206k€201k▼
Amounts payable after more than one year17€47k€23k▼
Financial debts170/4€47k€23k▼
Amounts payable within one year42/48€159k€176k▲
Current portion of amounts payable after more than one year42€24k€24k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€4k€9k▲
Taxes450/3€4k€9k▲
Other amounts payable47/48€126k€141k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€37k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€99k€105k▲
Operating profit (loss)9901€61k€67k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€2k€10k▲
Recurring financial charges65€2k€10k▲
Profit (loss) for the period before taxes9903€59k€57k▼
Income taxes67/77€20k€20k▼
Profit (loss) for the period9904€39k€37k▼
Profit (loss) for the period to be appropriated9905€39k€37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€37k▼
Transfer to equity691/2€39k€37k▼
To other reserves6921€39k€37k▼
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
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €229k ▲20.3%
7 profitable years in a row build equity to €229k.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €93k ▲165%
Operating result €138k, net result €93k, both a record.
31-12
Financial
Equity above €150kEq €163k ▲133%
5 profitable years in a row build equity to €163k.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Zonhoven · 1 establishment unit since 2010
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.
Vogelsancklaan 2603520 ZonhovenGround area
989 m²
Building footprint
987 m²
Volume, LiDAR
6,096 m³
Parcel 71444B0600/00S002, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vogelsancklaan 260, 3520 Zonhoven
since 20102.191.509.815
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71444B0600/00S002 | Flanders | 989 m² | 1 · 987 m² | 7.5 m · 2 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.
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Of 24,636 companies in sector 64210 we hold annual accounts for 19,688. 13,643 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-09-2010
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.