RAFI et SONS
ActiveRAFI et SONS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-82k) and a net result of €10k. Equity is shrinking by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 8% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▼-1
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.45 against 0.38 in 2023; short-term debt: 218.3% and cash: 48.2% of total assets), and equity is negative.
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
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 2024Solvency, return and age of the figures
Solvency
-118.3%
Return on assets
14.7%
Age of the figures
21 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 26043 sector peers (2024).
NBB · sector comparisonPosition among 26043 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
28 d late
2022
29 d late
2021
3 d early
2020
29 d late
2019
26 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€1.82M
EBIT margin
0.3%
Net result
€10k▲ 13.8%
2023 · €9k
2018: €4k
2019: €-62k
2020: €-119k
2021: €27k
2022: €24k
2023: €9k
2018 → 2024
Working capital
€-83k▲ 11.0%
2023 · €-94k
2018: €5k
2019: €-56k
2020: €-171k
2021: €-128k
2022: €-103k
2023: €-94k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-151k-€-124k▲ 17.6%€-101k▲ 19.0%€-92k▲ 8.9%€-82k▲ 11.1%
Operating result€-116k-€28k€24k▼ 13.9%€9k▼ 61.7%€10k▲ 13.2%
Net result€-119k-€27k€24k▼ 10.9%€9k▼ 62.3%€10k▲ 13.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 13% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €69k
Fixed assets
€2k▼ 6.8%
Current assets
€67k▲ 18.1%
Key figures and ratios
EBITDA
€10k▲
2023 · €10k
Cash flow
€10k▲
2023 · €9k
Solvency
-118.3%▲
2023 · -156.0%
Current ratio
0.45▲
2023 · 0.38
Quick ratio
0.45▲
2023 · 0.38
Debt / equity
-1.85▼
2023 · -1.64
ROA
14.7%▼
2023 · 15.2%
Interest coverage
58.48▲
2023 · 46.58
Debt
€150k=
2023 · €150k
Debt ≤ 1 year
€150k=
2023 · €150k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€59k€69k▲
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24€2k€2k▼
Other tangible fixed assets26€387€310▼
Financial fixed assets28€26€26=
Current assets29/58€57k€67k▲
Amounts receivable within one year40/41€33k€34k▲
Trade receivables40€27k€30k▲
Other amounts receivable41€6k€4k▼
Cash at bank and in hand54/58€24k€33k▲
Equity and liabilities
Total equity and liabilities10/49€59k€69k▲
Equity10/15€-92k€-82k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-112k€-102k▲
Amounts payable17/49€150k€150k=
Amounts payable within one year42/48€150k€150k=
Other amounts payable47/48€150k€150k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€574€141▼
Other operating charges640/8€384€387▲
Gross operating margin9900€10k€11k▲
Operating profit (loss)9901€9k€10k▲
Financial charges65/66B€208€179▼
Recurring financial charges65€208€179▼
Profit (loss) for the period before taxes9903€9k€10k▲
Profit (loss) for the period9904€9k€10k▲
Profit (loss) for the period to be appropriated9905€9k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-112k€-102k▲
Profit (loss) brought forward from the previous period14P€-121k€-112k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €27k
Net result €27k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-12
Financial
Weakest financial yearnet €-119k
Net result drops to €-119k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ans · 1 establishment unit since 2002
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.
Avenue de l'Expansion 14432 AnsGround area
1.9 ha
Building footprint
3,499 m²
Volume, LiDAR
31,306 m³
Parcel 62001B0294/00B006, Wallonia · tallest building 15.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LIBRAIRIE KAUSAR
since 20022.132.766.516
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62001B0294/00B006 | Wallonia | 1.9 ha | 1 · 3,499 m² | 15.5 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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K.H. INTERNATIONAL
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ATTAWA
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Of 10,524 companies in sector 47110 we hold annual accounts for 5,860. 4,440 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-11-1998
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
52112
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.