Financials
- Fiscal year
- 2025
- Turnover
- €45.8m
- Profit
- €271,206
- Solvency
- 28.2%
Turnover▼ 1.1%
Net result
20182025
RAFF PLASTICS
ActiveSummary
RAFF PLASTICS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.6m and a net result of €271,206. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 250 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
What they do
Materials recovery from waste
NACE 38210NACE 38329
#2 company by total assets in Houthulst2 sites
How big
€45.8mturnover 2025
- Staff
- 38.9 FTE
- Equity
- €5.6m
- Profit
- €271,206
Who decides
- Parent
- RCC PLAST · 100%
Accounts 30 d early0 of 11 deeds read
Why 80- Liquidity: current ratio 1.15, cash €211,617- Size: turnover €45.8m, 38.9 FTE, total assets €19.8m- Sector Waste collection, recovery and disposal activities (NACE 38)+ Founded in 1998Show the evidence
Checked score
Score 2025
80
/ 100
Excellent
Probability in this band: under 0.55%
Better than 35% of its sector peers (NACE 38, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
53+3
equity 28.2% of total assets
Liquidity
29+2
short-term debt 46.0% · cash 1.1%
Profitability
64=
return on assets 1.4%
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Liquidity: current ratio 1.15, cash €211,617 raises the probability
- Founded in 1998 lowers the probability for this profile
- Size: turnover €45.8m, 38.9 FTE, total assets €19.8m raises the probability for this profile
- Sector Waste collection, recovery and disposal activities (NACE 38) raises the probability
Credit up to €440,000 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 0.99 in 2024; short-term debt: 46% and cash: 1.1% of total assets), and 71.8% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 38, small). Better than this share of them on solvency 38%, liquidity 17%, profitability 39%, growth against the median 45%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
29 d early
2023
2 d early
2022
17 d early
2021
31 d early
2020
30 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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. Usually files around 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet €271,206 ▼36.9%
- Annual accounts filedfiscal year 2024 · full…
Key points
- Positive: Company by total assets in Houthulstin the Checked rankings #2 View
- Positive: 8 profitable years in a rowprofit 2025: €271,206 8 years View
- Controlled by RCC PLAST 100% View
- Caution: Result fell in 2025from €429,574 to €271,206 ▼ 36.9% View
- Flemish supportawarded 2022 - 2025 €474,713 View
- Positive: Always filed on timeaccounts within the deadline every year 5 years View
By topic
Board & ownership
- Parent
- RCC PLAST · 100%
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 01-07-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 02-07-2025Annual accounts filed
Company details
- Sites
- 2
- Legal form
- Public limited company
- Activity
- Materials recovery from wasteNACE 38210
- Founded
- 19-01-1998
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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