RAPHAËL LAHAYE
ActiveThe computed 12-month bankruptcy probability of RAPHAËL LAHAYE is 1.6% (moderate). The 2024 annual accounts show equity of €13k and a net result of €-12k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 16% of 36378 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
52
/ 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
Profitability54▼-4
Solvency37▼-7
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.52 in 2023; short-term debt: 23.7% and cash: 16.6% of total assets), and 87.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
12.3%
Return on assets
-11.4%
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-12k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 36378 sector peers (2024).
NBB · sector comparisonPosition among 36378 sector peers
Solvency
better than 16%
← 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 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
29 d early
2022
24 d early
2021
38 d early
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€0
Total assets
€106k▼ 20.5%
2023 · €134k
2018: €42k
2019: €47k
2020: €30k
2021: €39k
2022: €167k
2023: €134k
2018 → 2024
Net result
€-12k▼ 6.8%
2023 · €-11k
2018: €-6k
2019: €9k
2020: €-3k
2021: €9k
2022: €3k
2023: €-11k
2018 → 2024
Working capital
€777▼ 92.9%
2023 · €11k
2018: €21k
2019: €18k
2020: €19k
2021: €29k
2022: €11k
2023: €11k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€0
Equity€24k-€33k▲ 35.1%€37k▲ 10.5%€25k▼ 31.1%€13k▼ 48.1%
Operating result€-2k-€12k€6k▼ 50.8%€-10k€-11k▼ 10.6%
Net result€-3k-€9k€3k▼ 59.4%€-11k€-12k▼ 6.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2024 against €10k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €106k
Fixed assets
€80k▼ 21.0%
Current assets
€26k▼ 19.2%
Equity and liabilities €106k
Equity
€13k▼ 48.1%
Debt
€93k▼ 14.1%
The debt ratio rises from 81.1% to 87.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11k▼
2023 · €21k
Cash flow
€10k▼
2023 · €19k
Solvency
12.3%▼
2023 · 18.9%
Current ratio
1.03▼
2023 · 1.52
Quick ratio
1.00▼
2023 · 1.52
Debt / equity
7.12▲
2023 · 4.30
ROE
-92.8%▼
2023 · -45.1%
ROA
-11.4%▼
2023 · -8.5%
Interest coverage
8.05▼
2023 · 12.61
Debt
€93k▼
2023 · €108k
Debt ≤ 1 year
€25k▲
2023 · €21k
Debt > 1 year
€68k▼
2023 · €87k
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€134k€106k▼
Fixed assets21/28€102k€80k▼
Tangible fixed assets22/27€102k€80k▼
Plant, machinery and equipment23€102k€80k▼
Furniture and vehicles24€0€0=
Current assets29/58€32k€26k▼
Stocks and contracts in progress3-€810
Stocks30/36-€810
Amounts receivable within one year40/41€8k€7k▼
Trade receivables40€6k€6k▼
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€24k€18k▼
Deferred charges and accrued income490/1€417€429▲
Equity and liabilities
Total equity and liabilities10/49€134k€106k▼
Equity10/15€25k€13k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€17k€5k▼
Amounts payable17/49€108k€93k▼
Amounts payable after more than one year17€87k€68k▼
Financial debts170/4€87k€68k▼
Amounts payable within one year42/48€21k€25k▲
Current portion of amounts payable after more than one year42€19k€19k▲
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€0€906▲
Taxes450/3€0€906▲
Remuneration and social security454/9€0€0=
Other amounts payable47/48€308€295▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Turnover70-€0
Goods, raw materials, services and sundry goods60/61-€0
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€22k▼
Other operating charges640/8€469€472▲
Gross operating margin9900€21k€12k▼
Operating profit (loss)9901€-10k€-11k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-11k€-12k▼
Profit (loss) for the period9904€-11k€-12k▼
Profit (loss) for the period to be appropriated9905€-11k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€5k▼
Profit (loss) brought forward from the previous period14P€29k€17k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 4.74
Current ratio from 2.17 to 4.74; short-term debt falls from €16k to €5k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Jalhay · 1 establishment unit since 2013
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.
Stockay(SART) 8D4845 JalhayGround area
2,174 m²
Building footprint
283 m²
Volume, LiDAR
614 m³
2 parcels, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RAPHAEL LAHAYE SPRL
since 20132.223.954.434
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63068C0494/00P000 | Wallonia | 1,247 m² | 1 · 172 m² | - |
| 63068C0494/00F002 | Wallonia | 927 m² | 1 · 111 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 8,456 companies in sector 43120 we hold annual accounts for 3,231. 1,668 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-2013
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
42110Construction of roads and motorways
42911Civil engineering
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.