RAPHAELLE
ActiveSummary
RAPHAELLE has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€12,981) and a net result of €1,716. Equity is shrinking by ~69% per year across the filed fiscal years. Its solvency ranks better than 17% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability63▲+58
Solvency6▲+3
Growth56▲+7
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 0.54 in 2023; short-term debt: 116.9% and cash: 12.4% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · 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
-18.7%
Return on assets
2.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 26049 sector peers (2024).
NBB · sector comparisonPosition among 26049 sector peers
Solvency
better than 17%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-01-2026, 155 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
155 d late
2023
63 d late
2022
46 d late
2021
38 d late
2020
90 d late
2019
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 71 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€72,492▼ 9.5%
2023 · €80,144
EBIT margin
3.4%▲ 31.3pp
2023 · -27.9%
Net result
€1,716
2023 · -€23,889
Working capital
-€36,889▲ 0.4%
2023 · -€37,047
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€61,034€83,108▲ 36.2%€80,144▼ 3.6%€72,492▼ 9.5%
Operating result-€11,146-€13,891▼ 24.6%€1,808-€22,352€2,484
Net result-€14,943below the sector's middle half-€17,050below the sector's middle half▼ 14.1%-€1,162within the sector's middle half▲ 93.2%-€23,889below the sector's middle half▼ 1,956%€1,716within the sector's middle half
EBIT margin-22.8%2.2%▲ 24.9pp-27.9%▼ 30.1pp3.4%▲ 31.3pp
Equity€27,452below the sector's middle half▼ 35.2%€10,402below the sector's middle half▼ 62.1%€9,240within the sector's middle half▼ 11.2%-€14,649below the sector's middle half-€12,981below the sector's middle half▲ 11.4%
Total assets€112,976below the sector's middle half▼ 22.1%€95,338below the sector's middle half▼ 15.6%€75,071within the sector's middle half▼ 21.3%€66,120within the sector's middle half▼ 11.9%€69,478within the sector's middle half▲ 5.1%
Debt€85,523▼ 16.6%€84,936▼ 0.7%€65,831▼ 22.5%€80,769▲ 22.7%€82,459▲ 2.1%
Working capital-€4,110below the sector's middle half▼ 13.4%-€22,869below the sector's middle half▼ 456%-€18,877below the sector's middle half▲ 17.5%-€37,047below the sector's middle half▼ 96.3%-€36,889below the sector's middle half▲ 0.4%
Solvency24.3%within the sector's middle half▼ 4.9pp10.9%below the sector's middle half▼ 13.4pp12.3%within the sector's middle half▲ 1.4pp-22.2%below the sector's middle half▼ 34.5pp-18.7%below the sector's middle half▲ 3.5pp
Current ratio0.88below the sector's middle half▼ 0.040.60below the sector's middle half▼ 0.280.65below the sector's middle half▲ 0.050.54below the sector's middle half▼ 0.110.55below the sector's middle half=
Return on assets (ROA)-13.2%below the sector's middle half▼ 17.7pp-17.9%below the sector's middle half▼ 4.7pp-1.5%within the sector's middle half▲ 16.3pp-36.1%below the sector's middle half▼ 34.6pp2.5%within the sector's middle half▲ 38.6pp
Staff (FTE)0.9below the sector's middle half▼ 10.0%0.4below the sector's middle half▼ 55.6%1▲ 150%1=1=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €2,484 after a loss of €22,352 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €69,478
Fixed assets
€25,136 ▲ 12.1%
Current assets
€44,342 ▲ 1.5%
Key figures and ratios
EBITDA
€4,821▲
2023 · -€947
Cash flow
€4,053▲
2023 · -€2,484
Quick ratio
0.28▲
2023 · 0.24
Debt to equity
-6.35▼
2023 · -5.51
Interest coverage
6.26▲
2023 · -0.62
Debt ≤ 1 year
€81,231▲
2023 · €80,745
Income taxes
€345
Staff costs
€16,180▼
2023 · €16,221
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.1%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €61,034 | €83,108 | €80,144 | €72,492 | ▼ 9.5% |
| Non-recurring operating income76A | - | €12 | €535 | €0 | €2,334 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €55,551 | €61,483 | €66,504 | €57,868 | ▼ 13.0% |
| Remuneration, social security and pensions62 | - | €11,264 | €6,079 | €16,221 | €16,180 | ▼ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,401 | €22,099 | €21,848 | €21,405 | €2,337 | ▼ 89.1% |
| Other operating charges640/8 | - | €1,166 | €1,834 | €2,208 | €1,395 | ▼ 36.8% |
| Non-recurring operating charges66A | - | - | - | €1,532 | €234 | ▼ 84.7% |
| Gross operating margin9900 | €22,707 | €20,637 | €31,569 | €19,014 | €22,630 | ▲ 19.0% |
| Operating profit (loss)9901 | -€11,146 | -€13,891 | €1,808 | -€22,352 | €2,484 | ▲ 111% |
| Financial income75/76B | - | €150 | €0 | €0 | €347 | - |
| Recurring financial income75 | - | €150 | €0 | €0 | €347 | - |
| Financial charges65/66B | - | €3,309 | €2,970 | €1,538 | €770 | ▼ 49.9% |
| Recurring financial charges65 | €3,797 | €3,309 | €2,970 | €1,538 | €770 | ▼ 49.9% |
| Profit (loss) for the period before taxes9903 | -€14,943 | -€17,050 | -€1,162 | -€23,889 | €2,061 | ▲ 109% |
| Income taxes67/77 | - | - | - | - | €345 | - |
| Profit (loss) for the period9904 | -€14,943 | -€17,050 | -€1,162 | -€23,889 | €1,716 | ▲ 107% |
| Profit (loss) for the period to be appropriated9905 | -€14,943 | -€17,050 | -€1,162 | -€23,889 | €1,716 | ▲ 107% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112,976 | €95,338 | €75,071 | €66,120 | €69,478 | ▲ 5.1% |
| Fixed assets21/28 | €83,263 | €61,165 | €39,750 | €22,422 | €25,136 | ▲ 12.1% |
| Tangible fixed assets22/27 | €81,652 | €59,554 | €38,139 | €20,811 | €23,525 | ▲ 13.0% |
| Land and buildings22 | - | €38,776 | €27,584 | €16,929 | €16,081 | ▼ 5.0% |
| Plant, machinery and equipment23 | - | €18,151 | €8,391 | €577 | €4,844 | ▲ 740% |
| Furniture and vehicles24 | - | €2,627 | €2,164 | €3,306 | €2,600 | ▼ 21.3% |
| Other tangible fixed assets26 | - | - | €0 | €0 | - | - |
| Financial fixed assets28 | €1,611 | €1,611 | €1,611 | €1,611 | €1,611 | = |
| Current assets29/58 | €29,712 | €34,173 | €35,322 | €43,698 | €44,342 | ▲ 1.5% |
| Stocks and contracts in progress3 | €22,215 | €23,644 | €24,078 | €24,405 | €21,860 | ▼ 10.4% |
| Stocks30/36 | - | €23,644 | €24,078 | €24,405 | €21,860 | ▼ 10.4% |
| Amounts receivable within one year40/41 | €2,348 | €607 | €1,903 | €9,781 | €13,616 | ▲ 39.2% |
| Trade receivables40 | - | €588 | €1,903 | €9,781 | €13,616 | ▲ 39.2% |
| Other amounts receivable41 | - | €19 | €0 | €0 | €0 | - |
| Current investments50/53 | - | - | €0 | - | - | - |
| Cash at bank and in hand54/58 | €4,960 | €8,418 | €7,964 | €7,507 | €8,639 | ▲ 15.1% |
| Deferred charges and accrued income490/1 | - | €1,505 | €1,376 | €2,005 | €226 | ▼ 88.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112,976 | €95,338 | €75,071 | €66,120 | €69,478 | ▲ 5.1% |
| Equity10/15 | €27,452 | €10,402 | €9,240 | -€14,649 | -€12,981 | ▲ 11.4% |
| Contributions10/11 | - | €11,155 | €11,155 | €11,155 | €11,155 | = |
| Revaluation surpluses12 | - | €20,367 | €17,286 | €14,205 | €11,123 | ▼ 21.7% |
| Reserves13 | €24,319 | €27,400 | €30,481 | €33,563 | €36,644 | ▲ 9.2% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €25,541 | €28,622 | €31,703 | €34,785 | ▲ 9.7% |
| Profit (loss) carried forward14 | -€31,470 | -€48,520 | -€49,682 | -€73,572 | -€71,904 | ▲ 2.3% |
| Amounts payable17/49 | €85,523 | €84,936 | €65,831 | €80,769 | €82,459 | ▲ 2.1% |
| Amounts payable after more than one year17 | €51,331 | €26,495 | €8,905 | €0 | - | - |
| Financial debts170/4 | - | €26,495 | €8,905 | €0 | - | - |
| Amounts payable within one year42/48 | €33,822 | €57,042 | €54,199 | €80,745 | €81,231 | ▲ 0.6% |
| Current portion of amounts payable after more than one year42 | - | €25,100 | €17,853 | €8,905 | €0 | ▼ 100% |
| Trade debts44 | €7,487 | €8,693 | €9,249 | €14,576 | €15,320 | ▲ 5.1% |
| Suppliers440/4 | - | €8,693 | €9,249 | €14,576 | €15,320 | ▲ 5.1% |
| Taxes, remuneration and social security45 | - | €11,885 | €11,341 | €16,642 | €24,492 | ▲ 47.2% |
| Taxes450/3 | - | €3,702 | €2,094 | €2,938 | €5,976 | ▲ 103% |
| Remuneration and social security454/9 | - | €8,184 | €9,247 | €13,704 | €18,516 | ▲ 35.1% |
| Other amounts payable47/48 | - | €11,363 | €15,756 | €40,622 | €41,419 | ▲ 2.0% |
| Accrued charges and deferred income492/3 | - | €1,399 | €2,727 | €24 | €1,228 | ▲ 4,989% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,943 | -€17,050 | -€1,162 | -€23,889 | €1,716 | ▲ 107% |
| + Depreciation and write-downs630 | €22,401 | €22,099 | €21,848 | €21,405 | €2,337 | ▼ 89.1% |
| Operating cash flow (approximation) | €7,459 | €5,049 | €20,686 | -€2,484 | €4,053 | ▲ 263% |
| Investment in fixed assets (approximation) | - | €0 | -€433 | -€4,077 | -€5,051 | ▼ 23.9% |
| Change in cash | - | €3,457 | -€453 | -€458 | €1,133 | ▲ 348% |
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
2026
02-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 155 days late
2024
31-12
Financial
Back to profitnet €1,716
Net result €1,716 after 4 loss-making years.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
2023
31-12
Financial
Weakest financial yearnet -€23,889
Net result drops to -€23,889, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 46 days late
2022
07-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 38 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
31-12
Financial
Back to profitnet €6,505
Net result €6,505 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 176 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Herstal · 2 establishment units since 1997
Ground area
237 m²
Building footprint
204 m²
Volume, LiDAR
4,554 m³
2 parcels, Wallonia · tallest building 29.3 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
Rue Elisa Dumonceau 60, 4040 Herstal
since 19972.082.900.301
Avenue du Luxembourg 37/5, 4020 Liège
since 20232.344.405.965
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62806C0654/00K006 | Wallonia | 162 m² | 1 · 158 m² | 29.3 m · 8 fl. |
| 62313E0940/00P000 | Wallonia | 75 m² | 1 · 47 m² | 11.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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 2,075 companies in sector 47750 we hold annual accounts for 517. 337 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
Founded09-07-1997
Fiscal year end31-12
Activities, NACEBEL 2025
47750Retail sale of cosmetics and toilet articles
96220Beauty care and other beauty treatments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461091379
Also
9925:BE0461091379
Registered
09-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.