VAN HOUWE RAF
ActiveVAN HOUWE RAF has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80k and a net result of €13k. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 27386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
90
/ 100
Excellent▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-16
Solvency99▼-1
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.64 against 3.79 in 2024), and 39.4% 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+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 · 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
60.6%
Return on assets
10.1%
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
77 d early
2023
86 d early
2022
74 d early
2021
55 d early
2020
74 d early
2019
45 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€80k▼ 8.7%
2024 · €88k
2018: €14k
2019: €25k
2020: €46k
2021: €72k
2022: €65k
2023: €73k
2024: €88k
2018 → 2025
Total assets
€132k▲ 0.5%
2024 · €131k
2018: €39k
2019: €71k
2020: €129k
2021: €109k
2022: €89k
2023: €155k
2024: €131k
2018 → 2025
Net result
€13k▼ 46.6%
2024 · €25k
2018: €20k
2019: €19k
2020: €38k
2021: €40k
2022: €9k
2023: €7k
2024: €25k
2018 → 2025
Working capital
€66k▼ 9.8%
2024 · €73k
2018: €10k
2019: €12k
2020: €34k
2021: €63k
2022: €54k
2023: €55k
2024: €73k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€65k▼ 9.9%€73k▲ 11.4%€88k▲ 20.8%€80k▼ 8.7%
Operating result€55k-€13k▼ 77.0%€11k▼ 13.6%€36k▲ 234%€20k▼ 45.1%
Net result€40k-€9k▼ 78.4%€7k▼ 13.9%€25k▲ 238%€13k▼ 46.6%
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 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132k
Fixed assets
€26k▼ 18.8%
Current assets
€106k▲ 6.8%
Equity and liabilities €132k
Equity
€80k▼ 8.7%
Debt
€52k▲ 18.9%
The debt ratio rises from 33.3% to 39.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€29k▼
2024 · €45k
Cash flow
€22k▼
2024 · €34k
Solvency
60.6%▼
2024 · 66.7%
Current ratio
2.64▼
2024 · 3.79
Quick ratio
2.64▼
2024 · 3.79
Debt / equity
0.65▲
2024 · 0.50
ROE
16.7%▼
2024 · 28.6%
ROA
10.1%▼
2024 · 19.1%
Interest coverage
26.90▼
2024 · 35.91
Debt
€52k▲
2024 · €44k
Debt ≤ 1 year
€40k▲
2024 · €26k
Debt > 1 year
€12k▼
2024 · €18k
Income taxes
€5k▼
2024 · €10k
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€131k€132k▲
Fixed assets21/28€32k€26k▼
Tangible fixed assets22/27€32k€26k▼
Land and buildings22€738€590▼
Plant, machinery and equipment23€76-
Furniture and vehicles24€31k€25k▼
Financial fixed assets28€674€674=
Current assets29/58€99k€106k▲
Amounts receivable within one year40/41€28k€44k▲
Trade receivables40€21k€31k▲
Other amounts receivable41€7k€12k▲
Cash at bank and in hand54/58€71k€62k▼
Equity and liabilities
Total equity and liabilities10/49€131k€132k▲
Equity10/15€88k€80k▼
Reserves13€87k€80k▼
Distributable reserves133€87k€80k▼
Profit (loss) carried forward14€359€448▲
Amounts payable17/49€44k€52k▲
Amounts payable after more than one year17€18k€12k▼
Financial debts170/4€18k€12k▼
Amounts payable within one year42/48€26k€40k▲
Current portion of amounts payable after more than one year42€5k€6k▲
Trade debts44€7k€13k▲
Suppliers440/4€7k€13k▲
Taxes, remuneration and social security45€4k€2k▼
Taxes450/3€4k€2k▼
Other amounts payable47/48€10k€20k▲
Income statement
Code20242025
Non-recurring operating income76A€9k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€46k€30k▼
Operating profit (loss)9901€36k€20k▼
Financial income75/76B€17€1▼
Recurring financial income75€17€1▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€35k€19k▼
Income taxes67/77€10k€5k▼
Profit (loss) for the period9904€25k€13k▼
Profit (loss) for the period to be appropriated9905€25k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€14k▼
Profit (loss) brought forward from the previous period14P€279€359▲
Transfer from equity791/2€10k€21k▲
Transfer to equity691/2€25k€13k▼
To other reserves6921€25k€13k▼
Profit to be distributed694/7€10k€21k▲
Return on contributions (dividend)694€10k€21k▲
The notes to these accounts (7 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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €7k ▼13.9%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
18-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €40k ▲6.4%
Operating result €55k, net result €40k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.97
Current ratio from 1.47 to 2.97; short-term debt falls from €72k to €32k.
18-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
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
8 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, Dendermonde · 1 establishment unit since 2005
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.
Heidepark (APP) 429200 DendermondeGround area
389 m²
Building footprint
137 m²
Volume, LiDAR
665 m³
Parcel 42001B0125/00M005, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VAN HOUWE RAF
since 20052.148.855.351
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42001B0125/00M005 | Flanders | 389 m² | 1 · 137 m² | 10.0 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.
Similar companies · same sector, comparable size
RNA Projects
BE 0784.993.779
Schoten · Eq €80k
HESTILO IMMO
BE 0539.742.147
Morlanwelz · Eq €80k
VERHELST
BE 0449.775.637
Brugge · Eq €80k
Lagniau
BE 0803.924.617
Lille · Eq €80k
TEGELWERKEN DIRK NEVEN
BE 0876.169.227
Heers · Eq €80k
Of 19,948 companies in sector 43320 we hold annual accounts for 9,084. 7,629 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-09-2005
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45422
20420Manufacture of chemicals and chemical products
43240Other construction installation
43299Specialised construction activities
45421
47750Retail sale of cosmetics and toilet articles
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.