VRANKEN RAF

Active

Private limited company (pre-2019)founded 201213 yrs activeZandstraat(M) 105, 3630 Maasmechelen, BelgiumKBO/BCE: BE 0508.572.384

Summary

The computed 12-month bankruptcy probability of VRANKEN RAF is 18.8% (high). The 2024 annual accounts show equity of €62,519 and a net result of €14,419. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 1332 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 4 administrative register entries (see administrative flags).

Risk analysisWatch Report Compare

VRANKEN RAFActiveChecked score 19/100

Risk analysis Report Compare

Activity

Construction of roads and motorways

NACE 42110

1 site

Size

€86,989total assets 2024

Equity: €62,519
Profit: €14,419

Turnover not published (abridged schema)

Financial health

19 Critical Checked score 2024

Bankruptcy chance 12 m: 18.8%

Structure

Accounts 64 d overdue1 of 5 deeds read

Why 19- 2 changes of registered office in 24 months- Figures for FY 2024 (filed 17-09-2025)- 2 ex-officio strike-offs in the KBO- 1 financial year not filed after the legal deadline; latest accounts 47 days late; 2 of the last 3 lateShow the evidence

Checked score

Score 2024

19 / 100

Critical

Probability in this band: over 15.0%

Better than 70% of its sector peers (NACE 42, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2023

Strong

Solvency 97+9

equity 71.9% of total assets

Liquidity 53-28

short-term debt 26.0% · cash 10.8%

Profitability 89+20

return on assets 16.6%

Bankruptcy probability, 12 months

18.8% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 5 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (1,841 companies)

Last 24 months 11-2024: 1.3%lowest value 12-2024: 2.5%▲ +87.2% vs 11-2024 01-2025: 5.1%▲ +103% vs 12-2024 02-2025: 5.1%● 0.0% vs 01-2025 03-2025: 5.1%● 0.0% vs 02-2025 04-2025: 5.4%▲ +5.8% vs 03-2025 05-2025: 5.9%▲ +10.1% vs 04-2025 06-2025: 5.8%▼ -2.5% vs 05-2025 07-2025: 5.9%▲ +2.1% vs 06-2025 08-2025: 7.0%▲ +19.1% vs 07-2025 09-2025: 8.4%▲ +19.6% vs 08-2025 10-2025: 3.1%▼ -63.3% vs 09-2025 11-2025: 3.1%● 0.0% vs 10-2025 12-2025: 3.1%● 0.0% vs 11-2025 01-2026: 3.1%▼ -0.6% vs 12-2025 02-2026: 3.1%● 0.0% vs 01-2026 03-2026: 3.0%▼ -1.3% vs 02-2026 04-2026: 3.8%▲ +25.0% vs 03-2026 05-2026: 4.0%▲ +6.4% vs 04-2026 06-2026: 4.0%▼ -1.1% vs 05-2026 07-2026: 9.5%▲ +140% vs 06-2026 08-2026: 11.3%▲ +18.0% vs 07-2026 09-2026: 13.3%▲ +17.7% vs 08-2026 10-2026: 18.8%▲ +41.7% vs 09-2026highest value

2 changes of registered office in 24 months raises the probability
Figures for FY 2024 (filed 17-09-2025) raises the probability
2 ex-officio strike-offs in the KBO raises the probability
1 financial year not filed after the legal deadline; latest accounts 47 days late; 2 of the last 3 late raises the probability

No credit on open account

Liquidity ample (current ratio 3.27 against 2.75 in 2023; short-term debt: 26% and cash: 10.8% of total assets), and 28.1% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 42, micro). Better than this share of them on solvency 81%, liquidity 55%, profitability 73%, growth against the median 72%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

2 changes of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

Figures for FY 2024 (filed 17-09-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

2 ex-officio strike-offs in the KBO

In the bankruptcy model this factor raises the probability.

KBO publications

1 financial year not filed after the legal deadline; latest accounts 47 days late; 2 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

47 d late

2023

28 d late

2022

133 d late

2021

58 d late

2020

60 d late

2019

63 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 65 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.

Administrative warnings in the KBO publications

4 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.

KBO publications

Publications

Address struck×2Address strikeout annulled×2