Summary
Rafine 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 €192,487 and a net result of €187,487. Its solvency ranks better than 62% of 8074 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
Founded in 2023, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
€192,487
Net result
€187,487
Total assets
€294,870
Solvency
65.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Equity and liabilities €294,870
Equity
€192,487
Debt
€102,382
Debt finances 34.7% of the balance-sheet total.
Key figures and ratios
ROE
97.4%
ROA
63.6%
Debt ≤ 1 year
€102,382
Income taxes
€84,675
Annual accounts
| Line | 2025 |
|---|---|
| Other operating charges640/8 | €1,765 |
| Gross operating margin9900 | €274,030 |
| Operating profit (loss)9901 | €272,266 |
| Financial charges65/66B | €103 |
| Recurring financial charges65 | €103 |
| Profit (loss) for the period before taxes9903 | €272,163 |
| Income taxes67/77 | €84,675 |
| Profit (loss) for the period9904 | €187,487 |
| Profit (loss) for the period to be appropriated9905 | €187,487 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €294,870 | |
| Current assets29/58 | €294,870 | |
| Amounts receivable within one year40/41 | €46,682 | |
| Trade receivables40 | €46,682 | |
| Cash at bank and in hand54/58 | €248,187 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €294,870 | |
| Equity10/15 | €192,487 | |
| Contributions10/11 | €5,000 | |
| Reserves13 | €187,487 | |
| Distributable reserves133 | €187,487 | |
| Amounts payable17/49 | €102,382 | |
| Amounts payable within one year42/48 | €102,382 | |
| Financial debts43 | €17 | |
| Credit institutions430/8 | €17 | |
| Trade debts44 | €130 | |
| Suppliers440/4 | €130 | |
| Taxes, remuneration and social security45 | €102,191 | |
| Taxes450/3 | €99,441 | |
| Remuneration and social security454/9 | €2,750 | |
| Other amounts payable47/48 | €44 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €187,487 |
| Operating cash flow (approximation) | €187,487 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
25-09
State Gazette act
General meeting · Director appointment
Permanent representative · Board composition
25-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director reappointment
09-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
09-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
03-09
State Gazette act
General meeting · Merger
Accounting effect · Capital increase
State Gazette actNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Houthalen-Helchteren · 1 establishment unit since 2023
Ground area
1,969 m²
Building footprint
259 m²
Volume, LiDAR
3,071 m³
Parcel 72452E0245/00R000, Flanders · tallest building 19.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rafine
since 20232.352.745.193
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72452E0245/00R000 | Flanders | 1,969 m² | 1 · 259 m² | 19.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
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Company
Director
Shareholding
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Ownership & control
4 board mandatesBoard mandates of this companythis company sits on their board4
Similar companies · same sector, comparable size
G-CAS
BE 0783.529.376
Tielt · Eq €192,506
Henrice
BE 0789.887.430
Sint-Martens-Latem · Eq €192,447
SOM MANAGEMENT EN BEHEER
BE 1015.599.403
Diepenbeek · Eq €192,434
LIWBO
BE 0704.805.661
De Panne · Eq €192,401
DE MEYER - GEBRUERS
BE 0802.813.372
Olen · Eq €192,375
Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,507 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-11-2023
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:1002554980
Also
9925:BE1002554980
Registered
05-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.