TEGELCONCEPT RAF
ActiveTEGELCONCEPT RAF has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108k and a net result of €14k. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 27787 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 6.8 against 5.81 in 2024; short-term debt: 13.3% and cash: 20.2% of total assets), and 13.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 →
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
86.7%
Return on assets
11%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
26 d late
2024
26 d late
2023
58 d late
2022
32 d late
2021
58 d late
2020
320 d late
2019
63 d late
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€108k▲ 14.6%
2024 · €95k
2019: €14k
2020: €28k
2021: €51k
2022: €59k
2023: €76k
2024: €95k
2019 → 2025
Total assets
€125k▲ 13.1%
2024 · €111k
2019: €14k
2020: €68k
2021: €96k
2022: €106k
2023: €105k
2024: €111k
2019 → 2025
Net result
€14k▼ 27.0%
2024 · €19k
2019: €-112
2020: €15k
2021: €23k
2022: €8k
2023: €17k
2024: €19k
2019 → 2025
Working capital
€97k▲ 25.5%
2024 · €77k
2019: €14k
2020: €14k
2021: €29k
2022: €55k
2023: €55k
2024: €77k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€59k▲ 16.2%€76k▲ 28.8%€95k▲ 24.9%€108k▲ 14.6%
Operating result€36k-€18k▼ 51.7%€24k▲ 39.0%€27k▲ 10.7%€20k▼ 27.2%
Net result€23k-€8k▼ 63.6%€17k▲ 106%€19k▲ 11.7%€14k▼ 27.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125k
Fixed assets
€12k▼ 33.3%
Current assets
€113k▲ 21.9%
Equity and liabilities €125k
Equity
€108k▲ 14.6%
Debt
€17k▲ 4.1%
The debt ratio falls from 14.5% to 13.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k▼
2024 · €36k
Cash flow
€21k▼
2024 · €28k
Solvency
86.7%▲
2024 · 85.5%
Current ratio
6.80▲
2024 · 5.81
Quick ratio
6.80▲
2024 · 5.81
Debt / equity
0.15▼
2024 · 0.17
ROE
12.7%▼
2024 · 20.0%
ROA
11.0%▼
2024 · 17.1%
Interest coverage
108.98▲
2024 · 20.29
Debt
€17k▲
2024 · €16k
Debt ≤ 1 year
€17k▲
2024 · €16k
Income taxes
€6k▼
2024 · €7k
Staff costs
€1k
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€111k€125k▲
Fixed assets21/28€18k€12k▼
Tangible fixed assets22/27€18k€12k▼
Land and buildings22€876€848▼
Plant, machinery and equipment23€11k€9k▼
Furniture and vehicles24€6k€2k▼
Current assets29/58€93k€113k▲
Amounts receivable within one year40/41€59k€84k▲
Trade receivables40€36k€44k▲
Other amounts receivable41€23k€41k▲
Cash at bank and in hand54/58€33k€25k▼
Deferred charges and accrued income490/1€677€4k▲
Equity and liabilities
Total equity and liabilities10/49€111k€125k▲
Equity10/15€95k€108k▲
Contributions10/11€12k€12k=
Reserves13€67k€67k=
Distributable reserves133€67k€67k=
Profit (loss) carried forward14€15k€29k▲
Amounts payable17/49€16k€17k▲
Amounts payable within one year42/48€16k€17k▲
Current portion of amounts payable after more than one year42€5k-
Trade debts44€5k€14k▲
Suppliers440/4€5k€14k▲
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€5k€1k▼
Remuneration and social security454/9€1k€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€38k€33k▼
Operating profit (loss)9901€27k€20k▼
Financial income75/76B€383€25▼
Recurring financial income75€383€25▼
Financial charges65/66B€2k€250▼
Recurring financial charges65€2k€250▼
Profit (loss) for the period before taxes9903€26k€19k▼
Income taxes67/77€7k€6k▼
Profit (loss) for the period9904€19k€14k▼
Profit (loss) for the period to be appropriated9905€19k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€29k▼
Profit (loss) brought forward from the previous period14P€15k€15k=
Transfer to equity691/2€19k-
To other reserves6921€19k-
The notes to these accounts (5 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Equity above €100kEq €108k ▲14.6%
6 profitable years in a row build equity to €108k.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 320 days late
2021
31-12
Financial
Highest result since 2019net €23k ▲54.9%
Operating result €36k, net result €23k, both a record.
2020
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro 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, Lebbeke · 1 establishment unit since 2017
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.
Konkelgoedstraat 219280 LebbekeGround area
403 m²
Building footprint
228 m²
Volume, LiDAR
965 m³
Parcel 42011B0459/00T004, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Tegelconcept Raf
since 20172.265.154.094
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42011B0459/00T004 | Flanders | 403 m² | 1 · 227 m² | 10.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 500 EUR awarded · 500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
1 live approval · 3 endedMedewerker tegelzetwerken en dekvloeren duaal (so)
Similar companies · same sector, comparable size
MBC
BE 0770.458.132
Deinze · Eq €108k
CARRELAGE & DESIGN
BE 0546.794.146
Welkenraedt · Eq €108k
OLIVIER DANNAU
BE 1017.919.186
Linkebeek · Eq €108k
DEDEYNE BORIS
BE 0701.991.770
Hooglede · Eq €108k
AMCON
BE 0427.409.021
Antwerpen · Eq €109k
Of 3,963 companies in sector 43331 we hold annual accounts for 1,791. 1,542 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-05-2017
Fiscal year end31-12
Activities, NACEBEL
43331Floor and wall tiling
43120Site preparation
43910Bricklaying and masonry work
43994Specialised construction activities
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.