RAFFO
ActiveRAFFO has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €575k and a net result of €214. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 86% of 343 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▲+7
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.27 in 2024; short-term debt: 13.2% and cash: 4% of total assets), and 13.9% 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○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.1%
Return on assets
0%
Age of the figures
12 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
6 d early
2023
28 d early
2022
2 d late
2021
4 d early
2020
4 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€575k=
2024 · €575k
2018: €1.08M
2019: €564k
2020: €616k
2021: €654k
2022: €642k
2023: €599k
2024: €575k
2018 → 2025
Total assets
€668k=
2024 · €667k
2018: €1.24M
2019: €1.56M
2020: €1.29M
2021: €1.24M
2022: €1.01M
2023: €940k
2024: €667k
2018 → 2025
Net result
€214
2024 · €-3k
2018: €21k
2019: €33k
2020: €52k
2021: €66k
2022: €108k
2023: €1k
2024: €-3k
2018 → 2025
Working capital
€-58k▲ 13.4%
2024 · €-68k
2018: €414k
2019: €-91k
2020: €-12k
2021: €25k
2022: €710
2023: €-34k
2024: €-68k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€654k-€642k▼ 1.8%€599k▼ 6.8%€575k▼ 4.0%€575k=
Operating result€104k-€145k▲ 39.6%€19k▼ 87.2%€7k▼ 60.1%€6k▼ 18.3%
Net result€66k-€108k▲ 63.3%€1k▼ 99.0%€-3k€214
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 18% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €668k
Fixed assets
€638k▼ 0.6%
Current assets
€29k▲ 16.8%
Equity and liabilities €668k
Equity
€575k=
Debt
€93k=
The debt ratio stays at 13.9%.
Key figures and ratios
EBITDA
€10k▼
2024 · €14k
Cash flow
€4k▲
2024 · €4k
Solvency
86.1%=
2024 · 86.1%
Current ratio
0.33▲
2024 · 0.27
Quick ratio
0.33▲
2024 · 0.27
Debt / equity
0.16=
2024 · 0.16
ROE
0.0%▲
2024 · -0.6%
ROA
0.0%▲
2024 · -0.5%
Interest coverage
1.69▲
2024 · 0.91
Debt
€93k=
2024 · €93k
Debt ≤ 1 year
€88k▼
2024 · €93k
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€667k€668k=
Fixed assets21/28€642k€638k▼
Tangible fixed assets22/27€642k€638k▼
Land and buildings22€642k€638k▼
Current assets29/58€25k€29k▲
Amounts receivable within one year40/41€3k€29▼
Trade receivables40€940€0▼
Other amounts receivable41€2k€29▼
Current investments50/53€0-
Cash at bank and in hand54/58€20k€27k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€667k€668k=
Equity10/15€575k€575k=
Contributions10/11€288k€288k=
Capital10€288k€288k=
Issued capital100€288k€288k=
Reserves13€269k€269k=
Non-distributable reserves130/1€29k€29k=
Legal reserve130€29k€29k=
Distributable reserves133€240k€240k=
Profit (loss) carried forward14€18k€19k▲
Amounts payable17/49€93k€93k=
Amounts payable within one year42/48€93k€88k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€7k€1k▼
Suppliers440/4€7k€1k▼
Taxes, remuneration and social security45€5k€2k▼
Taxes450/3€5k€2k▼
Other amounts payable47/48€81k€85k▲
Accrued charges and deferred income492/3€0€5k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€4k▼
Other operating charges640/8€11k€11k▲
Gross operating margin9900€25k€21k▼
Operating profit (loss)9901€7k€6k▼
Financial income75/76B€5k€98▼
Recurring financial income75€5k€98▼
Financial charges65/66B€16k€6k▼
Recurring financial charges65€16k€6k▼
Profit (loss) for the period before taxes9903€-3k€214▲
Income taxes67/77€0-
Profit (loss) for the period9904€-3k€214▲
Profit (loss) for the period to be appropriated9905€-3k€214▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€19k▲
Profit (loss) brought forward from the previous period14P€22k€18k▼
Transfer from equity791/2€21k€0▼
Profit to be distributed694/7€21k€0▼
Return on contributions (dividend)694€21k€0▼
The notes to these accounts (4 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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €214
Net result €214 after one loss-making year.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-3k ▼420%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
30-09
Financial
Highest result since 2018net €108k ▲63.3%
Operating result €145k, net result €108k, both a record.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Haaltert · 1 establishment unit since 1983
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.
Stationsstraat(HA) 2059450 HaaltertGround area
3,995 m²
Building footprint
27 m²
Volume, LiDAR
99 m³
Parcel 41024B0226/00B005, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RAFFO
since 19832.022.522.947
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41024B0226/00B005 | Flanders | 3,995 m² | 1 · 27 m² | 10.1 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
GRANITE WORKS
BE 0413.929.583
Sint-Truiden · Eq €572k
OPUS MARBLE BELGIUM
BE 0434.070.743
Nivelles · Eq €572k
VGR
BE 0458.510.486
Westerlo · Eq €579k
NATUURSTEEN DECOSTER
BE 0656.972.783
Pajottegem · Eq €581k
MARCEL ZIEMONS STEINBILDHAUEREI
BE 0838.527.980
Raeren · Eq €567k
Of 738 companies in sector 23700 we hold annual accounts for 491. 390 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-05-1983
Fiscal year end30-09
Activities, NACEBEL
23700Cutting, shaping and finishing of stone
26700
Sources
Crossroads Bank for EnterprisesNational Bank · 42 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.