RRAFS
ActiveRRAFS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €303k and a net result of €52k. Equity is growing by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 43% of 7687 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +1 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+3
Solvency86▼-14
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 15.54 against 6.63 in 2024), but 57.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.2%
Return on assets
7.3%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
66 d early
2023
120 d early
2022
41 d early
2021
16 d early
2020
25 d early
2019
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€303k▲ 10.1%
2024 · €275k
2018: €46k
2019: €72k
2020: €110k
2021: €145k
2022: €187k
2023: €250k
2024: €275k
2018 → 2025
Total assets
€717k▲ 130%
2024 · €312k
2018: €65k
2019: €94k
2020: €126k
2021: €181k
2022: €221k
2023: €282k
2024: €312k
2018 → 2025
Net result
€52k▲ 14.1%
2024 · €46k
2018: €25k
2019: €40k
2020: €37k
2021: €46k
2022: €42k
2023: €63k
2024: €46k
2018 → 2025
Working capital
€240k▲ 17.1%
2024 · €205k
2018: €42k
2019: €57k
2020: €98k
2021: €138k
2022: €140k
2023: €173k
2024: €205k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€145k-€187k▲ 28.8%€250k▲ 33.6%€275k▲ 9.9%€303k▲ 10.1%
Operating result€70k-€62k▼ 11.9%€94k▲ 50.7%€69k▼ 26.0%€68k▼ 2.0%
Net result€46k-€42k▼ 8.9%€63k▲ 50.3%€46k▼ 27.3%€52k▲ 14.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €717k
Fixed assets
€461k▲ 554%
Current assets
€256k▲ 6.3%
Equity and liabilities €717k
Equity
€303k▲ 10.1%
Debt
€415k▲ 1,036%
The debt ratio rises from 11.7% to 57.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€86k▲
2024 · €85k
Cash flow
€70k▲
2024 · €62k
Solvency
42.2%▼
2024 · 88.3%
Current ratio
15.54▲
2024 · 6.63
Quick ratio
15.54▲
2024 · 6.63
Debt / equity
1.37▲
2024 · 0.13
ROE
17.3%▲
2024 · 16.7%
ROA
7.3%▼
2024 · 14.7%
Interest coverage
87.55▼
2024 · 311.31
Debt
€415k▲
2024 · €36k
Debt ≤ 1 year
€16k▼
2024 · €36k
Debt > 1 year
€398k
Income taxes
€17k▼
2024 · €24k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€312k€717k▲
Fixed assets21/28€70k€461k▲
Tangible fixed assets22/27€70k€461k▲
Land and buildings22€2k€396k▲
Plant, machinery and equipment23€20k€12k▼
Furniture and vehicles24€13k€18k▲
Other tangible fixed assets26€35k€35k▼
Current assets29/58€241k€256k▲
Amounts receivable within one year40/41€21k€99k▲
Trade receivables40€21k€16k▼
Other amounts receivable41€3€83k▲
Current investments50/53€100k€0▼
Cash at bank and in hand54/58€116k€153k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€312k€717k▲
Equity10/15€275k€303k▲
Contributions10/11€12k€12k=
Reserves13€263k€290k▲
Tax-exempt reserves132€695€695=
Distributable reserves133€262k€290k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€36k€415k▲
Amounts payable after more than one year17-€398k
Financial debts170/4-€398k
Amounts payable within one year42/48€36k€16k▼
Trade debts44€4k€493▼
Suppliers440/4€4k€493▼
Advances received on contracts in progress46-€38
Taxes, remuneration and social security45€27k€11k▼
Taxes450/3€16k€6▼
Remuneration and social security454/9€11k€11k=
Other amounts payable47/48€5k€5k▼
Accrued charges and deferred income492/3€109€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€18k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€87k€89k▲
Operating profit (loss)9901€69k€68k▼
Financial income75/76B€364€2k▲
Recurring financial income75€364€2k▲
Financial charges65/66B€275€983▲
Recurring financial charges65€275€983▲
Profit (loss) for the period before taxes9903€69k€69k▼
Transfer from deferred taxes780€0-
Income taxes67/77€24k€17k▼
Profit (loss) for the period9904€46k€52k▲
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€46k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€46k€52k▲
Transfer from equity791/2€21k€25k▲
Transfer to equity691/2€46k€52k▲
To other reserves6921€46k€52k▲
Profit to be distributed694/7€21k€25k▲
Return on contributions (dividend)694€21k€25k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 15.54
Current ratio from 6.63 to 15.54; short-term debt falls from €36k to €16k.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €63k ▲50.3%
Operating result €94k, net result €63k, both a record.
31-12
Financial
Equity above €200kEq €250k ▲33.6%
6 profitable years in a row build equity to €250k.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €187k ▲28.8%
5 profitable years in a row build equity to €187k.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €110k ▲51.7%
3 profitable years in a row build equity to €110k.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Halen · 1 establishment unit since 2008
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.
Mannekenshaagstraat 293545 HalenGround area
1,460 m²
Building footprint
868 m²
Volume, LiDAR
4,423 m³
Parcel 71422B0032/00A004, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RRAFS
since 20082.171.471.989
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71422B0032/00A004 | Flanders | 1,460 m² | 1 · 868 m² | 10.3 m · 2 fl. |
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.
Similar companies · same sector, comparable size
LIBERO FINANCIAL AND BUSINESS CONSULTANCY
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Onderdak
BE 0460.412.676
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D'HAENE SPORT
BE 0439.519.569
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PYRENE
BE 0462.303.681
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INNOVA IT
BE 0677.932.208
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Of 24,424 companies in sector 82990 we hold annual accounts for 9,361. 6,485 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-04-2008
Fiscal year end31-12
Trade name NL
ETERNO
Activities, NACEBEL
82990Other business support services
16240Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
47811Retail sale of cars and light vans (up to 3.5 tonnes)
53200Other postal and courier activities
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.