RAPHAEL CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for RAPHAEL CONSTRUCT according to publications in the Belgian State Gazette; curator: STEVEN NYSTEN.
Summary
The 2024 annual accounts show equity of €6k and a net result of €17k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 9982 sector peers (2024).
NBB · sector comparisonPosition among 9982 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
28 d late
2022
on the day
2021
31 d late
2020
31 d late
2019
40 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€6k
2023 · €-11k
2018: €-21k
2019: €-19k
2020: €-13k
2021: €-12k
2022: €-12k
2023: €-11k
2018 → 2024
Total assets
€68k▲ 1,017%
2023 · €6k
2018: €22k
2019: €12k
2020: €7k
2021: €8k
2022: €939
2023: €6k
2018 → 2024
Net result
€17k▲ 1,753%
2023 · €928
2018: €-3k
2019: €2k
2020: €6k
2021: €822
2022: €-11
2023: €928
2018 → 2024
Working capital
€5k
2023 · €-11k
2018: €-20k
2019: €-19k
2020: €-13k
2021: €-12k
2022: €-12k
2023: €-11k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-13k-€-12k▲ 6.3%€-12k▼ 0.1%€-11k▲ 7.6%€6k
Operating result€8k-€3k▼ 61.3%€1k▼ 52.6%€2k▲ 19.7%€24k▲ 1,364%
Net result€6k-€822▼ 85.2%€-11€928€17k▲ 1,753%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1,364% above 2023 and is the highest result in the available series.
Balance-sheet composition
Assets €68k
Fixed assets
€937
Current assets
€67k
Equity and liabilities €68k
Equity
€6k
Debt
€62k
Debt finances 91.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€24k
Cash flow
€17k
Current ratio
1.08▲
2023 · 0.35
Debt to equity
10.56▲
2023 · -1.54
ROE
291.0%
ROA
25.2%▲
2023 · 15.2%
Interest coverage
19.72
Debt ≤ 1 year
€62k▲
2023 · €17k
Income taxes
€6k▲
2023 · €320
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€6k€68k▲
Fixed assets21/28-€937
Tangible fixed assets22/27-€787
Furniture and vehicles24-€787
Financial fixed assets28-€150
Current assets29/58€6k€67k▲
Amounts receivable within one year40/41€6k€62k▲
Trade receivables40€6k€62k▲
Other amounts receivable41€23€48▲
Cash at bank and in hand54/58-€5k
Deferred charges and accrued income490/1-€205
Equity and liabilities
Total equity and liabilities10/49€6k€68k▲
Equity10/15€-11k€6k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-32k€-14k▲
Amounts payable17/49€17k€62k▲
Amounts payable within one year42/48€17k€62k▲
Financial debts43€100-
Credit institutions430/8€100-
Trade debts44€4k€9k▲
Suppliers440/4€4k€9k▲
Advances received on contracts in progress46-€19k
Taxes, remuneration and social security45€566€7k▲
Taxes450/3€566€7k▲
Other amounts payable47/48€12k€28k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€34
Other operating charges640/8-€808
Gross operating margin9900€2k€25k▲
Operating profit (loss)9901€2k€24k▲
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€408€1k▲
Recurring financial charges65€408€1k▲
Profit (loss) for the period before taxes9903€1k€23k▲
Income taxes67/77€320€6k▲
Profit (loss) for the period9904€928€17k▲
Profit (loss) for the period to be appropriated9905€928€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-14k▲
Profit (loss) brought forward from the previous period14P€-33k€-32k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
22-06
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · RAPHAEL CONSTRUCT BV IKAROSLAAN 1, 1930 ZAVENTEM · event 16-06-2026
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €17k ▲1753%
Operating result €24k, net result €17k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.08
Current ratio from 0.35 to 1.08.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €928
Net result €928 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
Show earlier events
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
5 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, Zaventem · 1 establishment unit since 2007
Ground area
5,421 m²
Building footprint
499 m²
Parcel 23772B0101/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
Ikaroslaan 1, 1930 Zaventem
since 20072.167.454.013
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23772B0101/00B000 | Flanders | 5,421 m² | 1 · 499 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN NYSTEN PEGASUSLAAN 5, 1831 DIEGEM- |
16-06-2026 → present |
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 7,134 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43410Roofing work
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.