ACTIVE

RAFFO

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Financial year 2025 · closed on 30/09/2025

Net result

214 €

+106.5% YoY

Gross margin

21,3 k €

-16.1% YoY

Equity

574,9 k €

+0.0% YoY

What does RAFFO do?

RAFFO is a Public limited company incorporated in 1983. Its main activity is: Cutting, shaping and finishing of stone. Its registered office is in Haaltert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0424.055.888

Incorporation

31/05/1983

Legal form

Public limited company

Registered office

Stationsstraat(HA) 205
9450 Haaltert · FlandreSee on map

Contributed capital

287 500,00 €

Latest accounts

30/09/2025

Activities (NACE)

23700Cutting, shaping and finishing of stone· main 23700Cutting, shaping and finishing of stone 26700Manufacture of optical instruments and photographic equipment

Joint committees (2)

10208
218

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	21,3 k €	-16.1%	25,4 k €	-28.8%	35,6 k €	-79.0%	169,7 k €	+20.5%	140,8 k €	-5.9%	149,7 k €	+21.2%	123,5 k €	+13.0%	109,2 k €	-31.3%	158,9 k €	+10.7%	143,5 k €	+21.8%	117,8 k €	-20.2%	147,6 k €	+22.0%	121 k €	+40.5%	86,1 k €	-50.5%	174,1 k €	+13.5%	153,4 k €	-5.3%	162 k €	+6.7%	151,8 k €	+94.5%	78,1 k €	+42.1%	54,9 k €
EBITDA	10,1 k €	-30.7%	14,5 k €	-46.3%	27 k €	-82.4%	153,1 k €	+16.6%	131,3 k €	-6.8%	140,9 k €	+22.3%	115,2 k €	+13.9%	101,1 k €	-30.3%	145,1 k €	+7.9%	134,4 k €	+23.4%	108,9 k €	-15.9%	129,5 k €	+15.3%	112,3 k €	+18.7%	94,6 k €	-43.0%	165,9 k €	+3.6%	160,1 k €	+3.6%	154,6 k €	+6.8%	144,8 k €	+93.9%	74,7 k €	+69.9%	44 k €
Operating result	6,1 k €	-18.3%	7,4 k €	-60.1%	18,6 k €	-87.2%	144,7 k €	+39.6%	103,7 k €	+31.6%	78,8 k €	+81.8%	43,3 k €	+37.2%	31,6 k €	-58.0%	75,2 k €	+5.7%	71,2 k €	+85.4%	38,4 k €	+6.8%	35,9 k €	+48.0%	24,3 k €	-9.8%	26,9 k €	-76.2%	113,4 k €	-8.2%	123,5 k €	-0.8%	124,5 k €	-5.1%	131,2 k €	+80.6%	72,6 k €	+151%	29 k €
Net result	214 €	+107%	-3,3 k €	-420%	1 k €	-99.0%	107,5 k €	+63.3%	65,8 k €	+25.7%	52,4 k €	+57.7%	33,2 k €	+61.0%	20,6 k €	-53.9%	44,7 k €	+3.3%	43,3 k €	+49.3%	29 k €	-10.5%	32,4 k €	+18.1%	27,4 k €	-27.8%	38 k €	-57.6%	89,7 k €	-5.6%	95 k €	+4.3%	91,1 k €	+6.3%	85,7 k €	+190%	29,5 k €	+26.3%	23,4 k €
Balance sheet
Equity	574,9 k €	+0.0%	574,7 k €	-4.0%	598,6 k €	-6.8%	642,3 k €	-1.8%	654,4 k €	+6.2%	616,1 k €	+9.3%	563,7 k €	-47.9%	1,1 M €	+1.9%	1,1 M €	+4.4%	1 M €	+4.5%	972,4 k €	+3.1%	943,4 k €	-2.8%	970,8 k €	+30.6%	743,4 k €	+5.4%	705,4 k €	+14.6%	615,7 k €	+18.2%	520,7 k €	+21.2%	429,7 k €	+24.9%	344 k €	+9.4%	314,5 k €
Total assets	667,7 k €	+0.0%	667,4 k €	-29.0%	939,9 k €	-6.8%	1 M €	-18.7%	1,2 M €	-3.9%	1,3 M €	-17.1%	1,6 M €	+25.7%	1,2 M €	-4.8%	1,3 M €	+3.5%	1,3 M €	+2.0%	1,2 M €	+2.2%	1,2 M €	+12.0%	1,1 M €	+29.1%	835,4 k €	+11.4%	750 k €	+12.2%	668,3 k €	-2.6%	686 k €	+35.3%	506,9 k €	+19.2%	425,1 k €	+27.4%	333,7 k €
Cash	27 k €	+32.8%	20,4 k €	-67.9%	63,4 k €	-80.2%	320,3 k €	-40.7%	540,3 k €	-3.9%	562,4 k €	+17.9%	477,2 k €	+15.8%	412,1 k €	-10.6%	460,8 k €	+18.3%	389,5 k €	+37.2%	284 k €	+49.4%	190,1 k €	-25.8%	256,2 k €	-20.8%	323,3 k €	+7.0%	302 k €	+2.7%	294,2 k €	-12.1%	334,6 k €	+43.9%	232,6 k €	+34.8%	172,5 k €	+110%	82 k €
Debts	87,9 k €	-5.2%	92,7 k €	-71.5%	325 k €	-10.9%	364,7 k €	-37.4%	582,8 k €	-12.8%	668,2 k €	-32.1%	984,1 k €	+525%	157,5 k €	-32.6%	233,5 k €	-3.4%	241,8 k €	-6.9%	259,9 k €	-1.0%	262,5 k €	+144%	107,5 k €	+16.8%	92,1 k €	+234%	27,5 k €	-11.2%	31 k €	-74.6%	122,2 k €	+258%	34,1 k €	-15.2%	40,2 k €	+186%	14,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		0,3 ETP		–		–		–		–		–		–		–		0,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 28 ended

Active mandates

Geert Eggermont

Director · since 25 mars 2023 · until 24 mars 2029

Active

Hilde Eggermont

Director · since 25 mars 2023 · until 24 mars 2029

Active

Jan Eggermont

Director · since 25 mars 2023 · until 24 mars 2029

Active

Jos Eggermont

Managing director · since 25 mars 2023 · until 24 mars 2029

Active

Ended mandates

Geert (2011) EGGERMONT

Director

Ended

Geert (2017) Eggermont

Director

Ended

Geert (2023) Eggermont

Director

Ended

Geert Eggermont

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/03/2026	24/04/2025	02/04/2024	02/05/2023	26/04/2022	26/04/2021
General meeting	28/03/2026	22/03/2025	23/03/2024	25/03/2023	26/03/2022	27/03/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	28/03/2026	30/03/2026	Dutch	PDF
Micro model	30/09/2024	22/03/2025	24/04/2025	Dutch	PDF
Micro model	30/09/2023	23/03/2024	02/04/2024	Dutch	PDF
Abridged model	30/09/2022	25/03/2023	02/05/2023	Dutch	PDF
Abridged model	30/09/2021	26/03/2022	26/04/2022	Dutch	PDF
Abridged model	30/09/2020	27/03/2021	26/04/2021	Dutch	PDF
Abridged model	30/09/2019	28/03/2020	29/04/2020	Dutch	PDF
Abridged model	30/09/2018	23/03/2019	25/04/2019	Dutch	PDF
Abridged model	30/09/2017	24/03/2018	30/04/2018	Dutch	PDF
Abridged model	30/09/2016	25/03/2017	02/05/2017	Dutch	PDF
Abridged model	30/09/2015	26/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	28/03/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	22/03/2014	24/03/2014	Dutch	PDF
Abridged model	30/09/2012	27/04/2013	29/04/2013	Dutch	PDF
Abridged model	30/09/2011	04/05/2012	15/05/2012	Dutch	PDF
Abridged model	30/09/2010	12/03/2011	15/03/2011	Dutch	PDF
Abridged model	30/09/2009	30/04/2010	28/05/2010	Dutch	PDF
Abridged model	30/09/2008	01/04/2009	30/04/2009	Dutch	PDF
Abridged model	30/09/2007	08/03/2008	31/03/2008	Dutch	PDF
Abridged model	30/09/2006	24/03/2007	20/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 28 ended

Active mandates

Geert Eggermont

Director · since 25 mars 2023 · until 24 mars 2029

Active

Hilde Eggermont

Director · since 25 mars 2023 · until 24 mars 2029

Active

Jan Eggermont

Director · since 25 mars 2023 · until 24 mars 2029

Active

Jos Eggermont

Managing director · since 25 mars 2023 · until 24 mars 2029

Active

Ended mandates

Geert (2011) EGGERMONT

Director

Ended

Geert (2017) Eggermont

Director

Ended

Geert (2023) Eggermont

Director

Ended

Geert Eggermont

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/12/2018
KAPITAAL - AANDELEN
PDF
Mandates05/10/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/04/2014
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares26/06/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/04/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/07/2009
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025214 €↑
2024
Annual accounts 2024-3,3 k €↓
2023
Annual accounts 20231 k €↓
2022
Annual accounts 2022107,5 k €↑
2021
Annual accounts 202165,8 k €↑
2020
Annual accounts 202052,4 k €↑
2019
Annual accounts 201933,2 k €↑
2018
Annual accounts 201820,6 k €↓
2017
Annual accounts 201744,7 k €↑
2016
Annual accounts 201643,3 k €↑
2015
Annual accounts 201529 k €↓
2014
Annual accounts 201432,4 k €↑
2013
Annual accounts 201327,4 k €↓
2012
Annual accounts 201238 k €↓
2011
Annual accounts 201189,7 k €↓
2010
Annual accounts 201095 k €↑
2009
Annual accounts 200991,1 k €↑
2008
Annual accounts 200885,7 k €↑
2007
Annual accounts 200729,5 k €↑
2006
Annual accounts 200623,4 k €
31/05/1983
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

RAFFO

Overview

What does RAFFO do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline