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 2 of the last 3 fiscal years.
Financials
Financial year 2025
RFAG from Neufchâteau, company number BE0799241693, closed financial year 2025 with a result of € 18,592 after tax. For that financial year RFAG recorded a gross margin of € 164,339 and equity of € -15,854. Compared with financial year 2024, the result moved from € -73,512 to € 18,592. 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 August 24, 2026.
€ -15,854
▲ € 18,592 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,592
▲ still € 73,512 loss in 2024
Profit after tax over the fiscal year.
€ 9,278
▼ 35% 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 € -105,854.
People and assets in 2025
€ 144,350
▲ 15% 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.
€ 834
▲ € 661 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 18,800
▲ 100% vs 2024
Loans from banks and other lenders, long and short.
€ 177,064
▲ 187% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,173
▼ 36% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -49,328 | € 54,229 | € 164,339 | ▲ 203% |
| Profit after taxes | € -50,934 | € -73,512 | € 18,592 | ▲ € 92,104 |
| Equity | € 39,066 | € -34,446 | € -15,854 | ▲ € 18,592 |
| Total debts | € 119,221 | € 146,969 | € 224,855 | ▲ 53% |
| Cash | € 44,519 | € 14,281 | € 9,278 | ▼ 35% |
| Retained profit | € -50,934 | € -124,446 | € -105,854 | ▲ € 18,592 |
| Bank debt | € 0 | € 9,400 | € 18,800 | ▲ 100% |
| Balance sheet total | € 158,287 | € 112,523 | € 209,001 | ▲ 86% |
Key figures of RFAG, 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 RFAG?
What happened at RFAG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,592. filed late Source: NBB ↗
- Séverine Carlin stepped down as director. NBB
- Christian Dessart stepped down as director. NBB
- Christophe De Beco stepped down as director. NBB
- Didier Demoulin stepped down as director. NBB
- Emmanuelle Joachim stepped down as director. NBB
- Emmanuelle Joachim became a director. NBB
- New establishment in Libramont-Chevigny. KBO
In short
From € 50,934 loss in 2023 to € 18,592 profit in 2025.
Best year ever: 2025, with € 18,592 profit.
Management
The stake of DURECO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RFAGThe shares are held by DURECO (33.3%).
Directors
According to the 2025 annual accounts
Séverine Carlin
Director
since 2024 · until 2026
Christian Dessart
Managing director
since 2023 · until 2026
Christophe De Beco
Director
since 2023 · until 2026
Didier Demoulin
Director
since 2023 · until 2026
Emmanuelle Joachim
Director
since 2025 · until 2026
Shareholders
33.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chemin de la Terre Franche, NEU 52 box B
6840 Neufchâteau
Libramont,Rue du Printemps 75
6800 Libramont-Chevigny
Active since 1 May 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0799.241.693
- VAT number
- BE 0799.241.693
- Registered office
- Chemin de la Terre Franche, NEU 52 bus B, 6840 Neufchâteau
- Names & denominations
- RFAG
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 7 March 2023
- Peppol
- Active · Active since 3 Apr 2023
- Contact
- [email protected] +3242405841
- Activities · NACE
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