ACTIVE

RAAF

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Financial year 2025 · closed on 31/12/2025

Net result

94,7 k €

+9.7% YoY

Gross margin

200,4 k €

-31.1% YoY

Equity

570,2 k €

-25.9% YoY

What does RAAF do?

RAAF is a Private limited company incorporated in 1995. Its main activity is: Computer consultancy activities. Its registered office is in Aartselaar.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.982.449

Incorporation

18/09/1995

Legal form

Private limited company

Registered office

Ysselaarlaan 15B
2630 Aartselaar · FlandreSee on map

Contributed capital

100 000,36 €

Latest accounts

31/12/2025

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 70200Management consultancy activities 70220Business and other management consultancy activities 72100Research and experimental development on natural sciences and engineering 74142Specialised design activities

Joint committees (4)

200
2000
20000
218

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	200,4 k €	-31.1%	291 k €	+0.8%	288,8 k €	+5.5%	273,6 k €	+6.5%	257 k €	+28.6%	199,8 k €	-14.2%	233 k €	+5.3%	221,2 k €	+1.8%	217,3 k €	-0.0%	217,4 k €	-4.7%	228 k €	-0.3%	228,6 k €	+22.9%	186 k €	-3.4%	192,5 k €	+64.4%	117,1 k €	-40.7%	197,4 k €	+13.8%	173,5 k €	+13.2%	153,3 k €
EBITDA	172,6 k €	-21.7%	220,4 k €	+8.5%	203,1 k €	+3.0%	197,1 k €	+9.1%	180,7 k €	+63.6%	110,5 k €	-23.2%	143,8 k €	+8.2%	132,9 k €	-3.5%	137,6 k €	+4.3%	131,9 k €	-15.2%	155,6 k €	+11.6%	139,5 k €	+21.0%	115,3 k €	-14.2%	134,3 k €	+177%	48,5 k €	-62.2%	128,2 k €	+20.4%	106,5 k €	+10.8%	96,1 k €
Operating result	130,4 k €	-26.5%	177,4 k €	+10.5%	160,6 k €	+2.8%	156,2 k €	+14.5%	136,4 k €	+73.5%	78,6 k €	-25.5%	105,5 k €	+10.0%	95,9 k €	-2.2%	98,1 k €	+5.6%	92,8 k €	-22.2%	119,4 k €	+10.8%	107,7 k €	+30.6%	82,5 k €	-16.4%	98,7 k €	+642%	13,3 k €	-86.3%	96,8 k €	+28.1%	75,5 k €	+15.2%	65,6 k €
Net result	94,7 k €	+9.7%	86,3 k €	-24.6%	114,5 k €	+0.2%	114,3 k €	+6.1%	107,8 k €	+91.0%	56,4 k €	-12.3%	64,3 k €	+4.3%	61,7 k €	-55.8%	139,5 k €	+157%	54,2 k €	-20.4%	68,2 k €	+12.6%	60,6 k €	+91.3%	31,7 k €	-40.3%	53,1 k €	+2303%	-2,4 k €	-105%	48,3 k €	+67.3%	28,9 k €	+1.4%	28,5 k €
Balance sheet
Equity	570,2 k €	-25.9%	769,6 k €	+12.6%	683,3 k €	-22.4%	880,3 k €	+6.8%	824 k €	+9.9%	749,5 k €	+4.4%	718,1 k €	+9.8%	653,7 k €	+2.6%	637,1 k €	+11.8%	569,9 k €	+219%	178,9 k €	+61.6%	110,7 k €	+121%	50,2 k €	-83.7%	308,5 k €	+20.8%	255,4 k €	-0.9%	257,9 k €	+23.0%	209,6 k €	+16.0%	180,7 k €
Total assets	743 k €	-12.7%	850,8 k €	-9.7%	941,7 k €	-12.1%	1,1 M €	+3.2%	1 M €	+13.4%	915,6 k €	-2.4%	938,2 k €	-1.7%	954,5 k €	-3.7%	991,2 k €	-5.6%	1 M €	+45.0%	724 k €	-3.6%	750,9 k €	-7.5%	811,7 k €	+7.1%	758,1 k €	-3.2%	783,5 k €	+27.2%	616 k €	-9.1%	677,9 k €	-6.9%	728,4 k €
Cash	13,9 k €	-85.9%	98,9 k €	+408%	19,5 k €	+20.0%	16,2 k €	+269%	4,4 k €	-31.1%	6,4 k €	+127%	2,8 k €	-9.3%	3,1 k €	+12.1%	2,8 k €	-55.4%	6,2 k €	-7.2%	6,7 k €	-20.4%	8,4 k €	-60.0%	21 k €	+43.2%	14,6 k €	+243%	4,3 k €	-64.5%	12 k €	-48.1%	23,2 k €	-30.1%	33,1 k €
Debts	154,9 k €	+148%	62,5 k €	-73.9%	239,3 k €	+39.6%	171,4 k €	-11.8%	194,2 k €	+35.6%	143,3 k €	-27.1%	196,5 k €	-28.8%	275,8 k €	-16.1%	328,8 k €	-31.5%	480 k €	-11.9%	545,1 k €	-14.9%	640,2 k €	-15.9%	761,5 k €	+69.4%	449,6 k €	-14.9%	528,1 k €	+47.4%	358,1 k €	-23.5%	468,3 k €	-13.7%	542,4 k €
Other
Workforce	–		–		1,3 ETP	0.0%	1,3 ETP	0.0%	1,3 ETP	-27.8%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	+12.5%	1,6 ETP	-11.1%	1,8 ETP	+20.0%	1,5 ETP	+25.0%	1,2 ETP	-25.0%	1,6 ETP	-5.9%	1,7 ETP	-5.6%	1,8 ETP	+12.5%	1,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Peter DE GROOT

Manager · since 07 octobre 1995

Active

Ended mandates

Peter DE GROOT

Director · since 07 octobre 1995

Ended

DE GROOT Peter

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ELIZABETH CARBIDE EUROPE● Active	0451.669.117

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged 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	13/04/2026	28/04/2025	04/06/2024	25/07/2023	31/05/2022	11/06/2021
General meeting	01/04/2026	30/03/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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	31/12/2025	01/04/2026	13/04/2026	Dutch	PDF
Micro model	31/12/2024	30/03/2025	28/04/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	04/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	25/07/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	31/05/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	11/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	21/08/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	03/06/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	22/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	29/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	14/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	12/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	05/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	31/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	13/08/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	03/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	06/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	06/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

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 · 1 active · 2 ended

Active mandates

Peter DE GROOT

Manager · since 07 octobre 1995

Active

Ended mandates

Peter DE GROOT

Director · since 07 octobre 1995

Ended

DE GROOT Peter

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/02/2014
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 202594,7 k €↑
2024
Annual accounts 202486,3 k €↓
2023
Annual accounts 2023114,5 k €↑
2022
Annual accounts 2022114,3 k €↑
2021
Annual accounts 2021107,8 k €↑
2018
Annual accounts 201856,4 k €↓
2017
Annual accounts 201764,3 k €↑
2016
Annual accounts 201661,7 k €↓
2015
Annual accounts 2015139,5 k €↑
2014
Annual accounts 201454,2 k €↓
2013
Annual accounts 201368,2 k €↑
2012
Annual accounts 201260,6 k €↑
2011
Annual accounts 201131,7 k €↓
2010
Annual accounts 201053,1 k €↑
2009
Annual accounts 2009-2,4 k €↓
2008
Annual accounts 200848,3 k €↑
2007
Annual accounts 200728,9 k €↑
2006
Annual accounts 200628,5 k €
18/09/1995
IncorporationPrivate 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

RAAF

Overview

What does RAAF do?

Trend over 18 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