Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
RABAEY from Mouscron, company number BE0431521920, closed financial year 2025 with a result of € 131,112 after tax. For that financial year RABAEY recorded a gross margin of € 343,890 and equity of € -4,008. Compared with financial year 2024, the result moved from € 115,646 to € 131,112. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 12, 2025.
€ -4,008
▲ € 131,112 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 131,112
▲ 13% vs 2024
Profit after tax over the fiscal year.
€ 134,110
▲ 73% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -55,888.
People and assets in 2025
3.4
Average over the fiscal year, from the social balance sheet.
€ 99,588
▲ 10% vs 2024
€ 29,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 16,694
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 725,883
▼ 9% vs 2024
€ 71,863 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 88,259
▼ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 22,498
▲ 51% vs 2024
Taxes, VAT and social contributions still to pay.
| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 122,321 | € 363,342 | € 319,077 | € 343,890 | ▲ 8% |
| Profit after taxes | € -36,375 | € -58,942 | € 115,646 | € 131,112 | ▲ 13% |
| Equity | € -191,823 | € -250,766 | € -135,120 | € -4,008 | ▲ € 131,112 |
| Total debts | € 944,569 | € 993,459 | € 915,220 | € 844,973 | ▼ 8% |
| Cash | € 11,766 | € 34,464 | € 77,464 | € 134,110 | ▲ 73% |
| Land & buildings | € 418,567 | € 394,352 | € 385,352 | € 370,982 | ▼ 4% |
| Retained profit | € -243,703 | € -302,646 | € -187,000 | € -55,888 | ▲ € 131,112 |
| Bank debt | € 902,647 | € 866,045 | € 794,644 | € 725,883 | ▼ 9% |
| Balance sheet total | € 752,745 | € 742,694 | € 780,100 | € 840,965 | ▲ 8% |
| Employees (FTE) | - | - | - | 3.4 |
Key figures of RABAEY, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to RABAEY?
What happened at RABAEY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 131,112 (▲ 13% vs 2024). Source: NBB ↗
- New establishment in Mouscron. KBO
- New establishment in Mouscron. KBO
- Start of the company according to the CBE. KBO
In short
From € 36,375 loss in 2021 to € 131,112 profit in 2025.
Paid € 7,253 in corporate taxes since 2021.
Best year ever: 2025, with € 131,112 profit.
On average € 101,100 of value added per employee in 2025.
Management
Behind RABAEY is Stefaan Rabaey.
Directors
According to the 2025 annual accounts
Stefaan Rabaey
Director
Establishments
Establishment units
Physical locations of this company
Dottenijssteenweg(L) 33/B
7700 Mouscron
Dottenijssteenweg(L) 33 box B
7700 Mouscron
Active since 16 July 1987
Kanadezenlaan(D) 26
7711 Mouscron
Active since 26 April 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0431.521.920
- VAT number
- BE 0431.521.920
- Registered office
- Dottenijssteenweg(L) 33/B, 7700 Mouscron
- Names & denominations
- RABAEY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 1987
- Peppol
- Active · Active since 10 Oct 2025
- Activities · NACE
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