RAF DE VRIESE
0413.759.834 · rovalta.com · 24/09/2026
ACTIVE
RAF DE VRIESE
Financial year 2025 · closed on 31/12/2025
Net result
83,1 k €
+130.1% YoY
Revenue
13 M €
-51.1% YoY
Equity
2,3 M €
+3.7% YoY
Workforce
20,4 ETP
-38.7% YoY
Overview
What does RAF DE VRIESE do?
RAF DE VRIESE is a Public limited company incorporated in 1973. Its main activity is: Construction of roads and motorways. Its registered office is in Ardooie. It employs on average 20,4 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0413.759.834
Incorporation
31/12/1973
Legal form
Public limited company
Registered office
Oude Heirweg 17
8851 Ardooie · FlandreSee on map
8851 Ardooie · FlandreSee on map
Contributed capital
1 485 266,00 €
Latest accounts
31/12/2025
Average workforce
20,4 ETP
Activities (NACE)
42110Construction of roads and motorways· main42110Construction of roads and motorways45230Maintenance and repair of motor vehicles23990Manufacture of other non-metallic mineral products n.e.c.42220Construction of utility projects for electricity and telecommunications42220Construction of utility projects for electricity and telecommunications+4
Joint committees (3)
- 124
- 200
- 218
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 13 M € | -51.1% | 26,6 M € | +57.1% | 16,9 M € | +20.2% | 14,1 M € | +25.0% | 11,3 M € | +33.0% | 8,5 M € | -22.5% | 10,9 M € | +27.5% | 8,6 M € | +0.2% | 8,6 M € | -1.6% | 8,7 M € | -13.3% | 10 M € | -14.6% | 11,8 M € | +5.9% | 11,1 M € | -9.7% | 12,3 M € | +24.7% | 9,9 M € | +14.4% | 8,6 M € | +4.6% | 8,2 M € | +11.5% | 7,4 M € | -12.7% | 8,5 M € |
| EBITDA | 1,1 M € | +1.7% | 1,1 M € | +7.3% | 984,6 k € | -2.1% | 1 M € | -7.8% | 1,1 M € | +94.2% | 561,7 k € | -42.6% | 978,8 k € | +31.4% | 745,1 k € | +14.1% | 652,9 k € | -11.2% | 735,2 k € | +4.2% | 705,7 k € | -7.0% | 758,5 k € | +9.3% | 693,9 k € | +1.9% | 681 k € | +60.9% | 423,3 k € | -3.2% | 437,2 k € | -1.5% | 443,7 k € | -7.2% | 478,2 k € | +72.8% | 276,8 k € |
| Operating result | 182,9 k € | +383% | -64,7 k € | -128% | 228,6 k € | +14.6% | 199,5 k € | -9.6% | 220,6 k € | +392% | -75,6 k € | -124% | 314,6 k € | +202% | 104,2 k € | +48.3% | 70,3 k € | -14.4% | 82,1 k € | +181% | -101,4 k € | -706% | 16,7 k € | +6.0% | 15,8 k € | -84.3% | 100,9 k € | +253% | -66 k € | -113% | -31 k € | +15.8% | -36,8 k € | -150% | 73,9 k € | +300% | -36,9 k € |
| Net result | 83,1 k € | +130% | -276,3 k € | -375% | 100,3 k € | -3.2% | 103,7 k € | -17.8% | 126,1 k € | +256% | -80,9 k € | -128% | 287,7 k € | +826% | 31,1 k € | +93.9% | 16 k € | +20.2% | 13,3 k € | +20.4% | 11,1 k € | -89.8% | 108,6 k € | +98.3% | 54,8 k € | -21.8% | 70 k € | +568% | 10,5 k € | +997% | -1,2 k € | -107% | 17,6 k € | -85.4% | 120,4 k € | +145% | 49,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 2,3 M € | +3.7% | 2,2 M € | +38.1% | 1,6 M € | +6.6% | 1,5 M € | +7.4% | 1,4 M € | +9.8% | 1,3 M € | -5.9% | 1,4 M € | +16.0% | 1,2 M € | +2.7% | 1,1 M € | -1.2% | 1,2 M € | -1.3% | 1,2 M € | -1.1% | 1,2 M € | +7.3% | 1,1 M € | +0.8% | 1,1 M € | -0.9% | 1,1 M € | +1.0% | 1,1 M € | -0.1% | 1,1 M € | +1.6% | 1,1 M € | +12.5% | 959,4 k € |
| Total assets | 7,7 M € | -14.5% | 9 M € | -7.6% | 9,8 M € | +3.6% | 9,4 M € | +2.7% | 9,2 M € | +14.6% | 8 M € | -16.2% | 9,6 M € | +61.2% | 5,9 M € | -5.0% | 6,2 M € | +12.3% | 5,6 M € | -14.0% | 6,5 M € | -19.9% | 8,1 M € | +1.7% | 7,9 M € | +14.5% | 6,9 M € | +9.6% | 6,3 M € | +23.2% | 5,1 M € | -2.5% | 5,3 M € | +1.0% | 5,2 M € | +0.4% | 5,2 M € |
| Cash | 834,3 k € | +15.4% | 723,1 k € | +115% | 336,3 k € | -34.9% | 516,6 k € | +310% | 126 k € | -69.2% | 408,9 k € | -50.1% | 819 k € | +123% | 366,5 k € | -37.9% | 590,2 k € | +48.1% | 398,6 k € | -1.6% | 404,9 k € | +425% | 77,1 k € | -89.2% | 717,4 k € | -44.5% | 1,3 M € | +57.8% | 819 k € | +958% | 77,4 k € | +24.0% | 62,4 k € | -22.1% | 80,2 k € | -37.2% | 127,7 k € |
| Debts | 5,1 M € | -24.8% | 6,8 M € | -15.7% | 8,1 M € | +3.2% | 7,8 M € | +1.5% | 7,7 M € | +14.4% | 6,7 M € | -13.8% | 7,8 M € | +81.4% | 4,3 M € | -5.6% | 4,6 M € | +18.8% | 3,8 M € | -16.9% | 4,6 M € | -25.5% | 6,2 M € | +0.2% | 6,2 M € | +20.1% | 5,1 M € | +13.9% | 4,5 M € | +30.2% | 3,5 M € | -3.9% | 3,6 M € | +0.9% | 3,6 M € | -5.5% | 3,8 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 20,4 ETP | -38.7% | 33,3 ETP | +12.5% | 29,6 ETP | +18.4% | 25,0 ETP | -1.2% | 25,3 ETP | +5.9% | 23,9 ETP | -1.6% | 24,3 ETP | +8.0% | 22,5 ETP | -7.4% | 24,3 ETP | +5.2% | 23,1 ETP | -18.1% | 28,2 ETP | -8.7% | 30,9 ETP | -10.7% | 34,6 ETP | -9.9% | 38,4 ETP | +3.8% | 37,0 ETP | +13.8% | 32,5 ETP | -5.2% | 34,3 ETP | +1.8% | 33,7 ETP | -7.7% | 36,5 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 22 ended
Active mandates
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
P&D-Invest● Active | 1038.794.081 |
TM Viabuild² Sud - De Vriese● Active | 0753.474.125 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/04/2023 | 01/04/2022 | 01/04/2021 | 01/04/2020 | 01/04/2019 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/03/2023 | 31/03/2022 | 31/03/2021 | 31/03/2020 |
| Length of the financial year | 12 months | 21 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 25/06/2026 | 23/06/2025 | 26/09/2023 | 30/09/2022 | 18/10/2021 | 14/10/2020 |
| General meeting | 09/06/2026 | 13/06/2025 | 22/09/2023 | 03/09/2022 | 04/09/2021 | 05/09/2020 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 09/06/2026 | 25/06/2026 | Dutch | |
| Full model | 31/12/2024 | 13/06/2025 | 23/06/2025 | Dutch | |
| Full model | 31/03/2023 | 22/09/2023 | 26/09/2023 | Dutch | |
| Full model | 31/03/2022 | 03/09/2022 | 30/09/2022 | Dutch | |
| Full model | 31/03/2021 | 04/09/2021 | 18/10/2021 | Dutch | |
| Abridged model | 31/03/2021 | 04/09/2021 | 06/10/2021 | Dutch | |
| Abridged model | 31/03/2020 | 05/09/2020 | 14/10/2020 | Dutch | |
| Full model | 31/03/2019 | 07/09/2019 | 13/09/2019 | Dutch | |
| Full model | 31/03/2018 | 01/09/2018 | 25/09/2018 | Dutch | |
| Full model | 31/03/2017 | 02/09/2017 | 25/09/2017 | Dutch | |
| Full model | 31/03/2016 | 03/09/2016 | 21/09/2016 | Dutch | |
| Full model | 31/03/2015 | 05/09/2015 | 26/09/2015 | Dutch | |
| Full model | 31/03/2014 | 30/09/2014 | 30/10/2014 | Dutch | |
| Full model | 31/03/2013 | 30/09/2013 | 16/10/2013 | Dutch | |
| Full model | 31/03/2012 | 01/09/2012 | 29/10/2012 | Dutch | |
| Full model | 31/03/2011 | 03/09/2011 | 18/10/2011 | Dutch | |
| Full model | 31/03/2010 | 04/09/2010 | 06/09/2010 | Dutch | |
| Full model | 31/03/2009 | 05/09/2009 | 28/09/2009 | Dutch | |
| Full model | 31/03/2008 | 06/09/2008 | 22/09/2008 | Dutch | |
| Full model | 31/03/2007 | 01/09/2007 | 24/09/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 5 M€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 22 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates22/07/2025ONTSLAGEN - BENOEMINGEN
- Restructuring09/04/2024RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
- Restructuring22/11/2023RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates19/10/2023ONTSLAGEN - BENOEMINGEN
- Mandates02/10/2023ONTSLAGEN - BENOEMINGEN
- Mandates01/08/2023ONTSLAGEN - BENOEMINGEN
- Mandates10/11/2022ONTSLAGEN - BENOEMINGEN
- Mandates04/11/2022ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202583,1 k €↑
- 2024Annual accounts 2024-276,3 k €↓
- 2023Annual accounts 2023100,3 k €↓
- 2022Annual accounts 2022103,7 k €↓
- 2021Annual accounts 2021126,1 k €↑
- 2020Annual accounts 2020-80,9 k €↓
- 2019Annual accounts 2019287,7 k €↑
- 2018Annual accounts 201831,1 k €↑
- 2017Annual accounts 201716 k €↑
- 2016Annual accounts 201613,3 k €↑
- 2015Annual accounts 201511,1 k €↓
- 2014Annual accounts 2014108,6 k €↑
- 2013Annual accounts 201354,8 k €↓
- 2012Annual accounts 201270 k €↑
- 2011Annual accounts 201110,5 k €↑
- 2010Annual accounts 2010-1,2 k €↓
- 2009Annual accounts 200917,6 k €↓
- 2008Annual accounts 2008120,4 k €↑
- 2007Annual accounts 200749,1 k €
- 31/12/1973IncorporationPublic limited company