Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
RIFAP REAL ESTATE from Waterloo, company number BE0435995402, closed financial year 2025 with a result of € -201,672 after tax. For that financial year RIFAP REAL ESTATE recorded a gross margin of € 141,949 and equity of € 4.9 million. Compared with financial year 2024, the result moved from € -274,007 to € -201,672. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 4.9 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -201,672
▲ 26 % less loss than in 2024
Profit after tax over the fiscal year.
€ 7,625
▼ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -195,977.
People and assets in 2025
€ 30,112
▲ 87% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 74,110
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▲ 31% vs 2024
€ 162,274 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 10,996
▼ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,204
▲ 111% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,762 | € 349,488 | € 81,447 | € 141,949 | ▲ 74% |
| Profit after taxes | € -148,147 | € 66,212 | € -274,007 | € -201,672 | ▲ € 72,335 |
| Equity | € 275,464 | € 5,344,702 | € 5,070,695 | € 4,869,023 | ▼ 4% |
| Total debts | € 3,752,218 | € 4,031,893 | € 3,934,403 | € 3,808,427 | ▼ 3% |
| Cash | € 15,903 | € 4,259 | € 10,034 | € 7,625 | ▼ 24% |
| Land & buildings | € 3,439,164 | € 7,975,711 | € 8,309,218 | € 8,212,903 | ▼ 1% |
| Retained profit | € 213,490 | € 279,702 | € 5,695 | € -195,977 | ▼ € 201,672 |
| Bank debt | € 1,010,975 | € 978,834 | € 868,232 | € 1,138,375 | ▲ 31% |
| Balance sheet total | € 4,027,682 | € 9,376,595 | € 9,005,098 | € 8,677,450 | ▼ 4% |
Key figures of RIFAP REAL ESTATE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to RIFAP REAL ESTATE?
What happened at RIFAP REAL ESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 201,672. Source: NBB ↗
- Monique KIRENS became a director. NBB
- New establishment in Burg-Reuland. KBO
- CF-Finance Srl SRL became a director. NBB
- FayCaRe-Invest SRL became a director. NBB
- ENILRAC-INVEST SRL became a director. NBB
- New establishment in Sankt Vith. KBO
- New establishment in Sankt Vith. KBO
In short
From € 148,147 loss in 2022 to € 201,672 loss in 2025.
Paid € 5,993 in corporate taxes since 2022.
Best year ever: 2023, with € 66,212 profit.
Management
Behind RIFAP REAL ESTATE are CF-Finance Srl SRL, FayCaRe-Invest SRL, ENILRAC-INVEST SRL and Monique KIRENS. CF-Finance Srl SRL is also behind FAYMONVILLE ET PARTNERS, DELFINE and SONNENHOF AG. FayCaRe-Invest SRL is also behind FAYMONVILLE ET PARTNERS, DELFINE and SONNENHOF AG. ENILRAC-INVEST SRL is also behind FAYMONVILLE ET PARTNERS, DELFINE and SONNENHOF AG.
Directors
According to the 2025 annual accounts
Director · represented by Cleo Faymonville
Also active at: FAYMONVILLE ET PARTNERS, DELFINE, SONNENHOF AG
since 2021
Director · represented by Camille Faymonville
Also active at: FAYMONVILLE ET PARTNERS, DELFINE, SONNENHOF AG
since 2021
Director · represented by Charline Faymonville
Also active at: FAYMONVILLE ET PARTNERS, DELFINE, SONNENHOF AG
since 2021
Monique KIRENS
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Chaussée de Louvain 233
1410 Waterloo
Malmedyer Strasse 37
4780 Sankt Vith
Active since 1 January 2011
Pulverstrasse 1
4780 Sankt Vith
Active since 1 January 2015
Ortstrasse 1 box C
4780 Sankt Vith
Active since 1 January 2015
Am Felsbüchel, Maspelt 21
4790 Burg-Reuland
Active since 1 March 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
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DR C. MALENGREAUX
€ 56,476 gross margin · 2025
THG HR & PAY
€ 323,694 gross margin · 2025
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.995.402
- VAT number
- BE 0435.995.402
- Registered office
- Chaussée de Louvain 233, 1410 Waterloo
- Names & denominations
- RIFAP REAL ESTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 November 1988
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
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