RAPHALI
Annual accounts 2025
micro format, filed on 08-04-2026, 114 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €130,000 and €230,000.
Balance sheet
balance sheet total €79,192 on 31-12-2025in euro
in euro
Position in the sector
85.1%
Higher than 83% of 39,364 companies in 2025.
5.77
Higher than 81% of 38,048 companies in 2025.
76.0%
Higher than 95% of 38,520 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
79,192 | 162,896 | 122,503 | 88,751 | |
21/28 |
11,065 | 16,897 | 26,738 | 25,349 | |
22/27 |
11,065 | 16,897 | 26,738 | 25,349 | |
24 |
11,065 | 16,897 | 26,738 | 25,349 | |
29/58 |
68,127 | 145,999 | 95,765 | 63,402 | |
40/41 |
14,506 | 13,148 | 11,711 | 13,382 | |
40 |
13,776 | 13,139 | 10,938 | 12,770 | |
41 |
730 | 9 | 773 | 612 | |
50/53 |
0 | 70,000 | 50,000 | - | |
54/58 |
52,816 | 61,939 | 33,066 | 49,399 | |
490/1 |
805 | 912 | 988 | 622 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
79,192 | 162,896 | 122,503 | 88,751 | |
10/15 |
67,385 | 147,186 | 99,918 | 58,234 | |
10/11 |
2,500 | 2,500 | 2,500 | 2,500 | |
13 |
64,885 | 144,686 | 97,418 | 55,734 | |
133 |
64,885 | 144,686 | 97,418 | 55,734 | |
14 |
0 | - | - | - | |
17/49 |
11,807 | 15,711 | 22,585 | 30,517 | |
17 |
- | 0 | 2,647 | 10,546 | |
170/4 |
- | 0 | 2,647 | 10,546 | |
42/48 |
11,807 | 15,711 | 19,938 | 19,460 | |
42 |
0 | 2,647 | 7,899 | 7,835 | |
44 |
2,885 | 2,610 | 2,805 | 2,128 | |
440/4 |
2,885 | 2,610 | 2,805 | 2,128 | |
45 |
7,429 | 8,722 | 7,171 | 6,664 | |
450/3 |
7,429 | 8,722 | 7,171 | 6,664 | |
47/48 |
1,493 | 1,732 | 2,063 | 2,833 | |
492/3 |
- | - | 0 | 511 | |
| Income statement | |||||
9900 |
87,780 | 69,596 | 63,423 | 88,685 | |
630 |
9,282 | 9,840 | 8,310 | 13,110 | |
640/8 |
904 | 875 | 842 | 1,665 | |
9901 |
77,594 | 58,880 | 54,271 | 73,910 | |
75/76B |
19 | 2,984 | 486 | - | |
75 |
19 | 2,984 | 486 | - | |
65/66B |
636 | 782 | 845 | 1,288 | |
65 |
636 | 782 | 845 | 1,288 | |
9903 |
76,977 | 61,082 | 53,912 | 72,622 | |
67/77 |
16,778 | 13,814 | 12,227 | 16,888 | |
9904 |
60,199 | 47,268 | 41,684 | 55,734 | |
9905 |
60,199 | 47,268 | 41,684 | 55,734 | |
| Appropriation of the result | |||||
9906 |
60,199 | 47,268 | 41,684 | 55,734 | |
791/2 |
140,000 | - | - | - | |
691/2 |
60,199 | 47,268 | 41,684 | 55,734 | |
6921 |
60,199 | 47,268 | 41,684 | 55,734 | |
694/7 |
140,000 | - | - | - | |
694 |
140,000 | - | - | - | |
| Document | |||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 08-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2022 to 2025, 4 entries, €334 awarded, €334 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €152 | €152 |
| 2024 | 1 | €62 | €62 |
| 2023 | 1 | €60 | €60 |
| 2022 | 1 | €60 | €60 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 86,876 | 68,720 | 62,582 | 87,020 | ||
| 69,481 | 57,108 | 49,994 | 68,844 | ||
| 3,450 | 0 | 9,699 | 37,617 | ||
| -9,123 | 28,874 | -16,333 | - | ||
| 56,319 | 130,289 | 75,828 | 43,942 | ||
| 85.1% | 90.4% | 81.6% | 65.6% | ||
| 5.77 | 9.29 | 4.80 | 3.26 | ||
| 0.18 | 0.11 | 0.23 | 0.52 | ||
| 89.3% | 32.1% | 41.7% | 95.7% | ||
| 76.0% | 29.0% | 34.0% | 62.8% | ||
| over 100 | 87.89 | 74.03 | 67.57 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €3,450 | - | €9,699 | €37,617 |
| €9,282 | €9,840 | €8,310 | €13,110 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on RAPHALI
The operating result for 2025 is 32% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 9.6% to 14.9%. Equity and debt are lower.