Turnover
≈ €200,000 estimated
The micro format states no turnover.
Raphane
Overview
Lifetime
1 annual account with figurespeak €24,464 (2025)
€24,464
peak €17,358 (2025)
€17,358
peak €19,858 (2025)
€19,858
€6,598
Board1 name since 2024
1 directorDUMON Camille Marthe Roger
Documentsfilings and deeds
25-08-202625 days late
2025micro format
First year with figures
Key points
from the 2025 annual accountsStarting capital
€2,500 100 shares
Position in the sector
75.1%
Higher solvency than 80% of companies in specialised construction. Sector median 46.7% · 35,156 companies.
2025 accounts filed 25 days after the deadline
Checked score
87
Excellent
Financially stronger than 90% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 1.9%
02-2026: 1.9%● unchanged vs 01-2026
03-2026: 2.0%▲ +0.1 percentage points vs 02-2026
04-2026: 2.3%▲ +0.3 percentage points vs 03-2026
05-2026: 2.4%▲ +0.1 percentage points vs 04-2026
06-2026: 2.7%▲ +0.3 percentage points vs 05-2026
07-2026: 2.7%● unchanged vs 06-2026
08-2026: 3.0%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.5%▼ -2.5 percentage points vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €26,456
Founded in 2024
lowers risk
Liquidity: current ratio 4.01, cash €13,671
Equity €19,858 (75.1% of total assets)
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 43, micro). It does better than 90% of them on solvency, 88% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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, 11,279 companies had the same profile as Raphane has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of Raphane itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,448 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 11,279 companies, not a prediction for Raphane. 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 €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.01, above the usual 1.5. Short-term debt is 24.9% and cash 51.7% of total assets. 24.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
25 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1017733205
Incorporation
Founding capital of €2,500, 100 shares · Founder: DUMON Valerie Lieve George · Appointment: DUMON Camille Marthe Roger (director) · published on 24-12-2024 · Gazette deed
First establishment
Sint-Martensstraat 14, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Raphane Ghent | €26,456 | €24,464 | 75.1% | - |
| Kartal Tech Ghent | €31,542 | €21,893 | 58.1% | - |
| SGR GROUP Lokeren | €25,477 | €23,655 | 55.6% | - |
| Vindevoghel Tom Kluisbergen | €28,444 | €22,067 | 71.6% | - |
| HAKO Maldegem | €24,995 | €23,357 | 49.8% | - |
| Elektriciteitswerken De Vadder Thomas Buggenhout | €22,664 | €22,692 | 79.3% | - |
| GRG Ostend | €23,559 | €23,670 | 87.8% | - |
These companies have the same main activity as Raphane: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €22,700 and €31,500, founded in 2025.
Official details
Source: KBO- Status
- Active since 20-12-2024Normal situation
- Activity
- General electrical installation workNACE 43211and 5 others
- Establishment unit
- 2.368.483.0489000 Ghent, since 20-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Insights on Raphane
Raphane has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,858 and a net result of €17,358.
Its solvency ranks better than 80% of 35,156 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 25-08-2026, 25 days late€24,464
€24,077
€17,358
€19,858
75.1%
4.01
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €200,000. Estimated: probably between €130,000 and €420,000.
Balance sheet
balance sheet total €26,456 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
75.1%
Higher than 80% of 35,156 companies in 2025.
4.01
Higher than 80% of 34,529 companies in 2025.
65.6%
Higher than 95% of 34,730 companies in 2025.
Raphane
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
26,456 | |
29/58 |
26,456 | |
40/41 |
12,785 | |
41 |
12,785 | |
54/58 |
13,671 | |
| Balance sheet: equity and liabilities | ||
10/49 |
26,456 | |
10/15 |
19,858 | |
10/11 |
2,500 | |
13 |
17,358 | |
133 |
17,358 | |
17/49 |
6,598 | |
42/48 |
6,598 | |
45 |
6,578 | |
450/3 |
6,578 | |
47/48 |
20 | |
| Income statement | ||
9900 |
24,464 | |
640/8 |
387 | |
9901 |
24,077 | |
75/76B |
43 | |
75 |
43 | |
65/66B |
185 | |
65 |
185 | |
9903 |
23,936 | |
67/77 |
6,578 | |
9904 |
17,358 | |
9905 |
17,358 | |
| Appropriation of the result | ||
9906 |
17,358 | |
691/2 |
17,358 | |
6921 |
17,358 | |
| Document | ||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 25-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 25 days after the deadline. Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00434341.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-08-2026 | 2026-00434341 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 19,858 | ||
| 75.1% | ||
| 4.01 | ||
| 0.33 | ||
| 87.4% | ||
| 65.6% |
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.
Insights on Raphane
Debt's share of the balance-sheet total is 24.9%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 20-12-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 25-08-2026
Mandates through the years
1 name, the dashed line is todayDUMON Camille Marthe Roger
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- DUMON Camille Marthe Roger
- Director (not named in the articles), from 20-12-2024 to date
Control
Founder
DUMON Valerie Lieve George
This company
Raphane
Equity €19,858
Profit €17,358 in 2025
Capital
- Contribution
- €2,500
- Shares
- 100
- Contribution per share
- €25
- Equity per share
- €199 in 2025
- Source
- deed of 24-12-2024
Articles of association
deed of 24-12-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June at 18:00
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Besluiten over ontbinding of in agenda aangekondigde continuïteitsmaatregelen, binnen twee maanden na datum vaststelling of had moeten…”
Shareholders
At incorporation
deed of 24-12-2024 ↗
- DUMON Valerie Lieve George 100 shares (100%) · €2,500
Network & group
No group
Raphane has no parent and no holdings in its annual accounts. DUMON Camille Marthe Roger is the only director. Raphane shares no director with another company.
At the same address
Sint-Martensstraat 14, 9000 Ghent · 2 other companies| PVM architects
registered office since 09-03-2015 · founded in 2015 |
total assets €506,669 (2025) 0600.823.641 |
| PORTOR & co
registered office since 10-12-2018 |
founded in 2018 0715.649.667 |
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 25 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1017733205
2024
IncorporationFounding capital of €2,500, 100 shares · Founder: DUMON Valerie Lieve George · Appointment: DUMON Camille Marthe Roger (director) · published on 24-12-20244 points ▸
- Director appointment, DUMON Camille Marthe Roger (director (not named in the articles))
- Founder, DUMON Valerie Lieve George
- Founding capital, €2,500, 100 shares
- DUMON Valerie Lieve George holds 100 shares
- The deed holds 4 more points.
First establishment Sint-Martensstraat 14, Ghent
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1017.733.205
- VAT number
- BE 1017.733.205
- Peppol ID
- 0208:1017733205
- Other Peppol ID
- 9925:BE1017733205
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 20-12-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June at 18:00deed of 24-12-2024 (in Dutch)
- Peppol
- Reachable since 02-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Raphane in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 24-12-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Sint-Martensstraat 14, 9000 Gent”deed of 24-12-2024 (in Dutch)
Activities
NACEBEL 202543211
General electrical installation work main activity
43221
Plumbing work
43230
Insulation installation
43310
Plastering work
43320
Joinery installation
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het beheer van een eigen onroerend vermogen, omvattend: het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen…”deed of 24-12-2024 (in Dutch)
9 activities
- Het beheer van een eigen onroerend vermogen, omvattend: het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen zowel in binnen- als buitenland; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten in de meest ruime zin; het aan- en verkopen in zowel volle eigendom als in vruchtgebruik en/of blote eigendom, ruilen, (doen) bouwen, (doen) verbouwen, onderhouden, verhuren, huren, ter beschikking stellen, verkavelen, prospecteren en uitbaten van onroerende goederen; het ontwerpen en opvolgen van projecten en het maken van studies met betrekking tot immobiliën; de aan- en verkoop, huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen;
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een eigen roerend patrimonium; het beleggen van beschikbare middelen in roerende goederen en waarden; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop, het te gelde maken, inbrengen, afstaan, verhandelen en het beheren van aandelen, aandelenopties, obligaties, kasbons, afgeleide producten of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen;
- Het beheer, het verwerven, de aan- en verkoop, het huren en verhuren, de commissiehandel en vertegenwoordiging, de instandhouding en valorisatie van roerende goederen; de huurfinanciering, het leasen, in leasing geven van roerende goederen aan derden, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende goederen te bevorderen, zoals het onderhoud, de ontwikkeling, de verfraaiing en de verhuring van deze goederen;
- Het aanvragen van patenten, octrooien of andere intellectuele eigendomsrechten op de door haar ontwikkelde scheppingen, uitvindingen, methodes, strategieën en analyses. De vennootschap kan deze rechten vrij overdragen, verkopen, wijzigen of leasen aan derden.
- Het installeren en onderhouden van elektrische systemen, loodgieterswerk, verwarmings- en koelsystemen, en andere bouwinstallaties;
- Het aanleggen van bedrading, het installeren van waterleidingen en sanitaire voorzieningen, en het plaatsen van verwarmings- en airconditioningssystemen;
- Alle werkzaamheden die nodig zijn om een gebouw gebruiksklaar te maken. Het omvat schilderen, stukadoren, vloeren leggen, betegelen, en het installeren van plafonds en wanden;
- Het uitvoeren van gespecialiseerde werkzaamheden die niet onder de standaard bouwactiviteiten vallen. Zoals funderingswerkzaamheden, het plaatsen van heipalen, sloopwerkzaamheden, en het uitvoeren van waterdichtings- en isolatiewerkzaamheden;
- Het delven en winnen van natuurlijke materialen zoals steen, zand en klei. Deze materialen worden gebruikt in de bouw en voor industriële doeleinden. Het proces omvat het opgraven, transporteren en verwerken van deze grondstoffen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Sint-Martensstraat 14 registered office 9000 Ghent | 20-12-2024 | 2.368.483.048 |
Buildings and parcels at the address
- Ground area
- 210 m²
- Buildings
- 111 m²
- Volume, LiDAR
- 1,196 m³
- Tallest building
- 18.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44815F1003/00H002 | 210 m² | 1 · 111 m² | 18.6 m · 4 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1017.733.205