RAFIMMO
Annual accounts 2024
micro format, filed on 18-08-2025, 18 days lateTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.6m. Estimated: probably between €1.1m and €2.3m.
Balance sheet
balance sheet total €2.0m on 31-12-2024Change in equityin €m
Change in cashin €m
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| Balance sheet: assets | |||
Total assets20/58 |
2.0m | 1.3m | |
Fixed assets21/28 |
1,019 | 471,808 | |
Tangible fixed assets22/27 |
1,019 | 471,808 | |
Land and buildings22 |
1,019 | 421,049 | |
Plant, machinery and equipment23 |
- | 18,327 | |
Furniture and vehicles24 |
- | 32,432 | |
Current assets29/58 |
2.0m | 805,325 | |
Cash at bank and in hand54/58 |
2.0m | 805,325 | |
| Balance sheet: equity and liabilities | |||
Total equity and liabilities10/49 |
2.0m | 1.3m | |
Equity10/15 |
1.7m | 1.2m | |
Contributions10/11 |
388,027 | 388,027 | |
Reserves13 |
1.3m | 799,557 | |
Non-distributable reserves130/1 |
41,734 | 41,734 | |
Reserves not available under the articles1311 |
41,734 | 41,734 | |
Distributable reserves133 |
1.3m | 757,823 | |
Profit (loss) carried forward14 |
12,564 | 12,564 | |
Amounts payable17/49 |
270,335 | 76,985 | |
Amounts payable within one year42/48 |
270,335 | 76,985 | |
Taxes, remuneration and social security45 |
263,939 | 33,936 | |
Taxes450/3 |
263,939 | 33,936 | |
Other amounts payable47/48 |
6,396 | 43,049 | |
| Income statement | |||
Non-recurring operating income76A |
771,975 | 99,628 | |
Gross operating margin9900 |
780,302 | 125,592 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
- | 23,307 | |
Other operating charges640/8 |
3,150 | 3,445 | |
Operating profit (loss)9901 |
777,152 | 98,840 | |
Financial income75/76B |
29,584 | 14,746 | |
Recurring financial income75 |
29,584 | 14,746 | |
Financial charges65/66B |
87 | 86 | |
Recurring financial charges65 |
87 | 86 | |
Profit (loss) for the period before taxes9903 |
806,649 | 113,500 | |
Income taxes67/77 |
272,815 | 38,359 | |
Profit (loss) for the period9904 |
533,834 | 75,141 | |
Profit (loss) for the period to be appropriated9905 |
533,834 | 75,141 | |
| Appropriation of the result | |||
Profit (loss) to be appropriated9906 |
546,398 | 87,705 | |
Profit (loss) brought forward from the previous period14P |
12,564 | 12,564 | |
Transfer to equity691/2 |
533,834 | 75,141 | |
To other reserves6921 |
533,834 | 75,141 | |
| Document | |||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2024 at the NBB, filed on 18-08-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank2024 annual accounts filed 18 days after the deadline. Filed on 18 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00379969.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| EBITDA | - | 122,147 | |
| Cash flow | - | 98,448 | |
| Investment in fixed assets | - | 43,153 | |
| Change in cash | 1.2m | - | |
| Working capital | 1.7m | 728,340 | |
| Solvency | 86.5% | 94.0% | |
| Current ratio | 7.41 | 10.46 | |
| Debt to equity | 0.16 | 0.06 | |
| ROE | 30.8% | 6.3% | |
| ROA | 26.6% | 5.9% | |
| Interest coverage | - | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2024 | 2023 |
|---|---|---|
| Tangible fixed assets | - | €43,153 |
| Depreciation and write-downs of the year | - | €23,307 |
Source: notes to the 2023 to 2024 annual accounts (statement of fixed assets)
Insights on RAFIMMO
The operating result for 2024 is 7.9 times that of 2023.
Debt's share of the balance-sheet total rises from 6.0% to 13.5%. Equity and debt are higher.
- 2024 Net result +610% on 2023. The 2024 profit included a one-off income of €771,975.