Debts
€355,546 94% of the balance sheet
Financial debts 74%Suppliers 0%Taxes and wages 3%Other 23%
Of this, €87,872 falls due within a year.
RaFoLL
Lifetime
2 annual accounts with figures on one time axispeak €65,284 (2025)
€65,284▲ 262%
peak €11,242 (2025)
€11,242▲ 15.1%
peak €23,013 (2025)
€23,013▲ 95.5%
€355,546▲ 457%
Board2 names since 2023
1 directorSteven Vanhaesebrouck
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €18,047 to €65,284Registered office moved from Arc-Ainières to Dergneau 18-09Equity from €11,771 to €23,013Debts from €63,840 to €355,546Investments €358,400Cash from €30,958 to €9,798
Key points
from the 2025 annual accountsInvestments
€358,400 14.6 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.40 was 1.05 in 2024
Short-term debts rose from €62,540 to €87,872.
Checked score
52
Fair
Financially stronger than 50% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,276 companies (NACE 47, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.9%
01-2025: 2.8%▼ -0.1 percentage points vs 12-2024
02-2025: 2.8%● unchanged vs 01-2025
03-2025: 3.0%▲ +0.2 percentage points vs 02-2025
04-2025: 3.1%▲ +0.1 percentage points vs 03-2025
05-2025: 3.1%● unchanged vs 04-2025highest value
06-2025: 3.1%● unchanged vs 05-2025highest value
07-2025: 1.1%▼ -2.0 percentage points vs 06-2025lowest value
08-2025: 1.1%● unchanged vs 07-2025lowest value
09-2025: 1.1%● unchanged vs 08-2025lowest value
10-2025: 1.8%▲ +0.7 percentage points vs 09-2025
11-2025: 1.8%● unchanged vs 10-2025
12-2025: 1.7%▼ -0.1 percentage points vs 11-2025
01-2026: 1.7%● unchanged vs 12-2025
02-2026: 1.7%● unchanged vs 01-2026
03-2026: 1.7%● unchanged vs 02-2026
04-2026: 2.0%▲ +0.3 percentage points vs 03-2026
05-2026: 2.6%▲ +0.6 percentage points vs 04-2026
06-2026: 2.6%● unchanged vs 05-2026
07-2026: 2.7%▲ +0.1 percentage points vs 06-2026
08-2026: 2.9%▲ +0.2 percentage points vs 07-2026
09-2026: 3.1%▲ +0.2 percentage points vs 08-2026
10-2026: 2.6%▼ -0.5 percentage points vs 09-2026
11-2026: 2.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2023
1 change of registered office in 24 months
lowers risk
Figures for financial year 2025 (filed on 29-06-2026)
Size: total assets €378,559
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 23% of them on solvency, 44% on liquidity, 40% on profitability and 92% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,135 companies had the same profile as RaFoLL has now. Each dot stands for 6 companies, two years later.
92.1%
were still trading
2.3%
stopped another way
5.2%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RaFoLL itself: 2.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,135 companies, not a prediction for RaFoLL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.4 (1.05 in 2024), below 1. Short-term debt is 23.2% and cash 2.6% of total assets. 93.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
32 days early
2024
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 35 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0800530013
Registered office moved from Arc-Ainières to Dergneau
New registered office: Rue de l'Eglise 38, 7912 Dergneau (Fransnes-lez-Anvaing) · Previous registered office: Rue du Joncquoу 6, 7910 Arc-Ainières (Frasnes-lez-Anvaing) · Gazette deed
New manager
Steven Vanhaesebrouck appointed, Josefien Segers resigned · General meeting of 06-04-2023 · Gazette deed
Incorporation
Admissions: SEGERS Josefien (partner) and VANHAESEBROUCK Steven Hendrik Thérèse (partner) · Appointment: SEGERS Josefien (director) · 14,400 shares · published on 11-04-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RaFoLL Frasnes-lez-Anvaing | €378,559 | €65,284 | 6.1% | - |
| Quality Brands Mons Maasmechelen | €280,172 | €92,688 | -51.1% | - |
| Schoenen VEGRID Geel | €444,651 | €105,849 | 39.3% | - |
| Téon Vilvoorde | €242,202 | €77,731 | 6.8% | - |
| BCP+ Forest | €275,604 | €97,512 | 12.4% | - |
| CONCEPT CG La Louvière | €221,769 | €67,908 | 14.4% | - |
| Green Code Labs Brussels | €182,999 | €57,877 | 51.3% | - |
These companies have the same main activity as RaFoLL: retail sale of footwear (NACE 47721). They are comparable in size and age: total assets between €183,000 and €445,000, founded between 2021 and 2023.
Official details
Source: KBO- Status
- Active since 06-04-2023Normal situation
- Activity
- Retail sale of footwearNACE 47721and 3 others
- Establishment unit
- 2.346.727.4337910 Frasnes-lez-Anvaing, since 06-04-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 23-10-2025
Annual accounts 2025
- ≈ €320,000estimated
- €378,559▲ 401%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on RaFoLL
The balance sheet grew most in 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RaFoLL
- What is the company number of RaFoLL?
- The company number of RaFoLL is 0800.530.013. The VAT number is the same number with BE in front: BE 0800.530.013.
- Where is RaFoLL based?
- The registered office is at Rue de l' Eglise 38, 7912 Frasnes-lez-Anvaing.Company details
- What does RaFoLL do?
- According to the KBO register, the main activity is retail sale of footwear (NACE 47721).
- What is the legal form of RaFoLL?
- RaFoLL is a private limited company (BV).
- When was RaFoLL founded?
- RaFoLL was founded on 06-04-2023.
- Is RaFoLL still active?
- Yes, RaFoLL is an active enterprise in the KBO register.
- What is the turnover of RaFoLL?
- The turnover in financial year 2025 is ≈ €320,000. This figure is estimated from the gross margin of €65,284 and 45 comparable companies (NACE 477). It probably lies between €170,000 and €430,000.Financials
- Is RaFoLL profitable?
- In financial year 2025, RaFoLL made a profit of €11,242.
- Where can I find the annual accounts of RaFoLL?
- RaFoLL filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RaFoLL due?
- RaFoLL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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