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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
RAFANO from Maarkedal, company number BE0446890777, closed financial year 2025 with a result of € -1,831 after tax. For that financial year RAFANO recorded a gross margin of € 10,397 and equity of € 23,325. Compared with financial year 2024, the result moved from € -25,483 to € -1,831. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 23,325
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,831
▲ 93 % less loss than in 2024
Profit after tax over the fiscal year.
€ 8,131
▲ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -38,675.
People and assets in 2025
€ 108
▲ 4% 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.
€ 45,463
▲ € 39,368 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,490
▲ 275% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 503
▲ 89% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -5,529 | € -7,755 | € -1,134 | € 10,397 | ▲ € 11,531 |
| Profit after taxes | € -11,413 | € 28,551 | € -25,483 | € -1,831 | ▲ € 23,652 |
| Equity | € 85,133 | € 50,640 | € 25,156 | € 23,325 | ▼ 7% |
| Total debts | € 294,015 | € 320,115 | € 326,589 | € 376,444 | ▲ 15% |
| Cash | € 1,914 | € 1,184 | € 7,373 | € 8,131 | ▲ 10% |
| Retained profit | € 23,133 | € -11,360 | € -36,844 | € -38,675 | ▼ € 1,831 |
| Balance sheet total | € 413,375 | € 370,754 | € 351,745 | € 399,769 | ▲ 14% |
Key figures of RAFANO, 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 RAFANO?
What happened at RAFANO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,831. Source: NBB ↗
- Mirchandani Dilip became a director. NBB
- New establishment in Maarkedal. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,413 loss in 2022 to € 1,831 loss in 2025.
Paid € 10,646 in corporate taxes since 2022.
Best year ever: 2023, with € 28,551 profit.
Management
Behind RAFANO is Mirchandani Dilip.
Directors
According to the 2025 annual accounts
Mirchandani Dilip
Administrator-manager
since 2024
Establishments
Establishment units
Physical locations of this company
Rijksweg (NUK) 82
9681 Maarkedal
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0446.890.777
- VAT number
- BE 0446.890.777
- Registered office
- Rijksweg (NUK) 82, 9681 Maarkedal
- Names & denominations
- RAFANO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 March 1992
- Peppol
- Active · Active since 30 Jan 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
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