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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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Raf+ from Sint-Lievens-Houtem, company number BE0682443302, closed financial year 2025 with a result of € 15,064 after tax. For that financial year Raf+ recorded a gross margin of € 95,219 and equity of € 306,445. Compared with financial year 2024, the result moved from € 77,969 to € 15,064. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 13, 2026.
€ 306,445
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 15,064
▼ 81% vs 2024
Profit after tax over the fiscal year.
€ 20,730
▼ 67% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 39,708 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 7,317
▲ 122% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 583,006
▼ 5% vs 2024
€ 34,638 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 3,342
▼ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,476
▲ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 142,247 | € 167,043 | € 95,219 | ▼ 43% |
| Profit after taxes | € 67,234 | € 77,969 | € 15,064 | ▼ 81% |
| Equity | € 253,120 | € 331,089 | € 306,445 | ▼ 7% |
| Total debts | € 719,888 | € 706,231 | € 743,015 | ▲ 5% |
| Cash | € 47,744 | € 63,102 | € 20,730 | ▼ 67% |
| Land & buildings | € 810,285 | € 683,581 | € 702,390 | ▲ 3% |
| Retained profit | € 252,120 | € 330,089 | € 305,445 | ▼ 7% |
| Dividend | € 0 | € 0 | € 39,708 | |
| Bank debt | € 690,702 | € 616,293 | € 583,006 | ▼ 5% |
| Balance sheet total | € 973,009 | € 1,037,320 | € 1,049,460 | ▲ 1% |
Key figures of Raf+, fiscal years 2023 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 Raf+?
What happened at Raf+ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 15,064 (▼ 81% vs 2024). Source: NBB ↗
- Raf Wim A Van Nuffel became a director. NBB
- New establishment in Sint-Lievens-Houtem. KBO
- Start of the company according to the CBE. KBO
In short
From € 67,234 profit in 2023 to € 15,064 profit in 2025.
Paid € 70,772 in corporate taxes since 2023.
Best year ever: 2024, with € 77,969 profit.
Paid out € 39,708 in dividends to the owners in total.
Management
Behind Raf+ is Raf Wim A Van Nuffel. It owns 50% of Structuur+ BV, 33.7% of MAARSCHALK INVEST I and 25% of Landsheer Real Estate itself.
Directors
According to the 2025 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Hoeksken 52
9520 Sint-Lievens-Houtem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0682.443.302
- VAT number
- BE 0682.443.302
- Registered office
- Hoeksken 52, 9520 Sint-Lievens-Houtem
- Names & denominations
- Raf+
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 October 2017
- Peppol
- Active · Active since 11 Sept 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen