ACTIVE

Rf TECHNOLOGIES

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Financial year 2025 · closed on 31/12/2025

Net result

8,5 M €

+30.2% YoY

Revenue

55,9 M €

+11.0% YoY

Equity

39,8 M €

+25.8% YoY

Workforce

83,7 ETP

+6.1% YoY

What does Rf TECHNOLOGIES do?

Rf TECHNOLOGIES is a Public limited company incorporated in 1985. Its main activity is: Manufacture of refractory products. Its registered office is in Oosterzele. It employs on average 83,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.205.519

Incorporation

04/05/1985

Legal form

Public limited company

Registered office

Lange Ambachtstraat 40
9860 Oosterzele · FlandreSee on map

Contributed capital

250 000,00 €

Latest accounts

31/12/2025

Average workforce

83,7 ETP

Activities (NACE)

23200Manufacture of refractory products· main 25120Manufacture of doors and windows of metal 25120Manufacture of doors and windows of metal 25999Manufacture of other fabricated metal products n.e.c.25999Manufacture of other fabricated metal products n.e.c.28753Manufacture of machinery and equipment n.e.c.

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Revenue	55,9 M €	+11.0%	50,4 M €	+11.8%	45 M €	+5.1%	42,8 M €	+8.7%	39,4 M €	+17.6%	33,5 M €	-10.4%	37,4 M €	+10.7%	33,8 M €	+13.5%	29,8 M €	+3.2%	28,8 M €	+11.6%	25,9 M €	+3.5%	25 M €	-2.8%	25,7 M €	+23.3%	20,9 M €	-0.6%	21 M €	+5.6%	19,9 M €	+4.3%	19 M €	+29.3%	14,7 M €	+5.7%	13,9 M €
EBITDA	10,4 M €	+25.2%	8,3 M €	+49.3%	5,5 M €	+31.7%	4,2 M €	-24.8%	5,6 M €	+32.2%	4,2 M €	-22.8%	5,5 M €	+35.1%	4,1 M €	-13.5%	4,7 M €	+15.2%	4,1 M €	+26.4%	3,2 M €	+17.9%	2,7 M €	+14.7%	2,4 M €	-11.8%	2,7 M €	+14.4%	2,4 M €	+103%	1,2 M €	+1.0%	1,2 M €	-6.7%	1,2 M €	+11.0%	1,1 M €
Operating result	8,9 M €	+34.0%	6,6 M €	+61.4%	4,1 M €	+27.5%	3,2 M €	-34.1%	4,9 M €	+37.5%	3,5 M €	-25.2%	4,7 M €	+34.4%	3,5 M €	-16.6%	4,2 M €	+19.6%	3,5 M €	+35.5%	2,6 M €	+30.9%	2 M €	+21.9%	1,6 M €	-25.0%	2,2 M €	+14.2%	1,9 M €	+201%	635,6 k €	+1.5%	626,1 k €	-26.3%	849,7 k €	+9.4%	776,7 k €
Net result	8,5 M €	+30.2%	6,5 M €	+56.3%	4,2 M €	+43.9%	2,9 M €	-35.7%	4,5 M €	+41.3%	3,2 M €	-29.2%	4,5 M €	+32.2%	3,4 M €	-28.4%	4,8 M €	+50.6%	3,2 M €	+34.1%	2,4 M €	+43.5%	1,6 M €	+23.0%	1,3 M €	-23.1%	1,7 M €	+13.5%	1,5 M €	+240%	448,5 k €	+22.1%	367,3 k €	-31.2%	533,9 k €	+12.1%	476,3 k €
Balance sheet
Equity	39,8 M €	+25.8%	31,6 M €	+25.1%	25,3 M €	+18.9%	21,3 M €	+15.0%	18,5 M €	+27.2%	14,5 M €	+22.6%	11,9 M €	+50.8%	7,9 M €	+40.1%	5,6 M €	-49.6%	11,1 M €	+24.0%	9 M €	+33.4%	6,7 M €	+19.3%	5,6 M €	-0.1%	5,7 M €	+24.2%	4,5 M €	+39.8%	3,3 M €	+7.2%	3 M €	+4.7%	2,9 M €	+16.2%	2,5 M €
Total assets	58,6 M €	+21.2%	48,3 M €	+9.5%	44,1 M €	+25.7%	35,1 M €	+8.9%	32,3 M €	+12.2%	28,7 M €	+5.7%	27,2 M €	+28.1%	21,2 M €	-0.6%	21,4 M €	-25.3%	28,6 M €	+106%	13,9 M €	+11.0%	12,5 M €	-6.0%	13,3 M €	+13.4%	11,7 M €	+14.7%	10,2 M €	+4.0%	9,8 M €	+12.3%	8,8 M €	+12.3%	7,8 M €	+20.1%	6,5 M €
Cash	3,2 M €	+58.6%	2 M €	-11.3%	2,3 M €	+71.1%	1,3 M €	-56.8%	3,1 M €	-22.7%	4 M €	+6.8%	3,7 M €	+81.7%	2 M €	-57.1%	4,8 M €	-45.9%	8,8 M €	+56.0%	5,7 M €	+32.7%	4,3 M €	-12.2%	4,9 M €	+128%	2,1 M €	+1.4%	2,1 M €	+263%	579 k €	-10.5%	646,9 k €	+167%	242,2 k €	-41.7%	415,1 k €
Debts	18,5 M €	+14.8%	16,1 M €	-14.0%	18,8 M €	+37.7%	13,6 M €	+2.1%	13,3 M €	-2.0%	13,6 M €	-7.5%	14,7 M €	+16.0%	12,7 M €	-15.4%	15 M €	-9.7%	16,6 M €	+311%	4 M €	-17.5%	4,9 M €	-28.0%	6,8 M €	+53.8%	4,4 M €	+10.0%	4 M €	-18.5%	4,9 M €	+7.2%	4,6 M €	+17.4%	3,9 M €	+30.9%	3 M €
Other
Workforce	83,7 ETP	+6.1%	78,9 ETP	+2.3%	77,1 ETP	-1.8%	78,5 ETP	-0.5%	78,9 ETP	-0.8%	79,5 ETP	+4.2%	76,3 ETP	+6.3%	71,8 ETP	+10.6%	64,9 ETP	-2.0%	66,2 ETP	+3.4%	64,0 ETP	-3.2%	66,1 ETP	+3.0%	64,2 ETP	-4.5%	67,2 ETP	+3.4%	65,0 ETP	-1.2%	65,8 ETP	0.0%	65,8 ETP	+11.0%	59,3 ETP	-2.9%	61,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 50 ended

Active mandates

Bernard SANTENS

Managing director · since 19 juin 2025 · until 19 juin 2028

Active

BREMOT

Chairman of the board of directors · since 19 juin 2025 · until 19 juin 2028 · 0469.981.034

Represented by Trudo Motmans

Active

CASSIOPEIA

Director · since 19 juin 2025 · until 19 juin 2028 · 0463.457.882

Represented by Wim Vandenberghe

Active

CEDES

Director · since 19 juin 2025 · until 19 juin 2028 · 0448.462.375

Represented by Patricia Desimpel

Active

SHV Consult

Director · since 15 septembre 2020 · until 20 juin 2026 · 0892.029.519

Represented by Stefan Tournoy

Active

Ended mandates

BREMOT

Chairman of the board of directors · since 18 juin 2021 · until 19 juin 2025 · 0469.981.034

Represented by Trudo Motmans

Ended

SHV Consult

Director · since 15 septembre 2020 · until 20 juin 2024 · 0892.029.519

Represented by Stefan Tournoy

Ended

Bernard Santens

Managing director · since 20 juin 2019 · until 19 juin 2025

Ended

Bernard SANTENS

Managing director · since 20 juin 2019 · until 16 juin 2022

Ended

At this address

Other companies at this address

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FAST CHARGING RHODE● Active	0768.876.042
SolarRhode● Active	0819.676.625
VERVUST Gebroeders● Active	0455.512.988

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/07/2026	15/07/2025	08/07/2024	06/07/2023	27/06/2022	06/07/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	17/06/2021
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
Full model	31/12/2025	18/06/2026	06/07/2026	Dutch	PDF
Full model	31/12/2024	19/06/2025	15/07/2025	Dutch	PDF
Full model	31/12/2023	20/06/2024	08/07/2024	Dutch	PDF
Full model	31/12/2022	15/06/2023	06/07/2023	Dutch	PDF
Full model	31/12/2021	16/06/2022	27/06/2022	Dutch	PDF
Full model	31/12/2020	17/06/2021	06/07/2021	Dutch	PDF
Full model	31/12/2019	18/06/2020	14/07/2020	Dutch	PDF
Full model	31/12/2018	20/06/2019	25/06/2019	Dutch	PDF
Full model	31/12/2017	21/06/2018	26/06/2018	Dutch	PDF
Full model	31/12/2016	22/06/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	27/05/2016	24/06/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	01/07/2015	Dutch	PDF
Full model	31/12/2013	16/05/2014	02/07/2014	Dutch	PDF
Full model	31/12/2012	20/06/2013	12/08/2013	Dutch	PDF
Full model	31/12/2011	21/06/2012	19/07/2012	Dutch	PDF
Full model	31/12/2010	16/06/2011	08/07/2011	Dutch	PDF
Full model	31/12/2009	17/06/2010	31/08/2010	Dutch	PDF
Full model	31/12/2008	18/06/2009	23/07/2009	Dutch	PDF
Full model	31/12/2007	19/06/2008	23/07/2008	Dutch	PDF
Full model	31/12/2006	21/06/2007	22/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

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 31/12/2025 · 5 active · 50 ended

Active mandates

Bernard SANTENS

Managing director · since 19 juin 2025 · until 19 juin 2028

Active

BREMOT

Chairman of the board of directors · since 19 juin 2025 · until 19 juin 2028 · 0469.981.034

Represented by Trudo Motmans

Active

CASSIOPEIA

Director · since 19 juin 2025 · until 19 juin 2028 · 0463.457.882

Represented by Wim Vandenberghe

Active

CEDES

Director · since 19 juin 2025 · until 19 juin 2028 · 0448.462.375

Represented by Patricia Desimpel

Active

SHV Consult

Director · since 15 septembre 2020 · until 20 juin 2026 · 0892.029.519

Represented by Stefan Tournoy

Active

Ended mandates

BREMOT

Chairman of the board of directors · since 18 juin 2021 · until 19 juin 2025 · 0469.981.034

Represented by Trudo Motmans

Ended

SHV Consult

Director · since 15 septembre 2020 · until 20 juin 2024 · 0892.029.519

Represented by Stefan Tournoy

Ended

Bernard Santens

Managing director · since 20 juin 2019 · until 19 juin 2025

Ended

Bernard SANTENS

Managing director · since 20 juin 2019 · until 16 juin 2022

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates24/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/11/2019
ONTSLAGEN - BENOEMINGEN
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 20258,5 M €↑
2024
Annual accounts 20246,5 M €↑
2023
Annual accounts 20234,2 M €↑
2022
Annual accounts 20222,9 M €↓
2021
Annual accounts 20214,5 M €↑
2020
Annual accounts 20203,2 M €↓
2019
Annual accounts 20194,5 M €↑
2018
Annual accounts 20183,4 M €↓
2017
Annual accounts 20174,8 M €↑
2016
Annual accounts 20163,2 M €↑
2015
Annual accounts 20152,4 M €↑
2014
Annual accounts 20141,6 M €↑
2013
Annual accounts 20131,3 M €↓
2011
Annual accounts 20111,7 M €↑
2010
Annual accounts 20101,5 M €↑
2009
Annual accounts 2009448,5 k €↑
2008
Annual accounts 2008367,3 k €↓
2007
Annual accounts 2007533,9 k €↑
2006
Annual accounts 2006476,3 k €
04/05/1985
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

Rf TECHNOLOGIES

Overview

What does Rf TECHNOLOGIES do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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