ACTIVE

RFAG

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Financial year 2025 · closed on 31/12/2025
Net result
18,6 k €
+125.3% YoY
Gross margin
164,3 k €
+203.0% YoY
Equity
-15,9 k €
+54.0% YoY

What does RFAG do?

RFAG is a Cooperative society incorporated in 2023. Its main activity is: Collection of non-hazardous waste. Its registered office is in Neufchâteau.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0799.241.693
Incorporation
07/03/2023
Legal form
Cooperative society
Registered office
Chemin de la Terre Franche, NEU 52 box B
6840 Neufchâteau · WallonieSee on map
Contributed capital
90 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
38110Collection of non-hazardous waste· main38110Collection of non-hazardous waste38210Treatment and disposal of non-hazardous waste38329Recovery of sorted materials88999Other social work activities without accommodation n.e.c.88999Other social work activities without accommodation n.e.c.
Contacts
2 public details availableLog in to view
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Gross margin164,3 k €54,2 k €-49,3 k €
EBITDA20 k €-72,9 k €-49,6 k €
Operating result19,9 k €-73,4 k €-50,9 k €
Net result18,6 k €-73,5 k €-50,9 k €
Balance sheet
Equity-15,9 k €-34,4 k €39,1 k €
Total assets209 k €112,5 k €158,3 k €
Cash9,3 k €14,3 k €44,5 k €
Debts224,9 k €147 k €119 k €
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 31/12/2025 · 5 active · 11 ended

Active mandates

Emmanuelle Joachim

Director · since 04 juin 2025 · until 26 juin 2026

Active
Séverine Carlin

Director · since 08 mai 2024 · until 26 juin 2026

Active
Christian Dessart

Managing director · since 07 mars 2023 · until 26 juin 2026

Active
Christophe De Beco

Director · since 07 mars 2023 · until 26 juin 2026

Active
Didier Demoulin

Director · since 07 mars 2023 · until 26 juin 2026

Active

Ended mandates

Emmanuelle Joachim

Director · since 04 juin 2025 · until 05 juin 2026

Ended
Séverine Carlin

Director · since 08 mai 2024 · until 05 juin 2026

Ended
Séverine Carlin

Director · since 08 mai 2024

Ended
Christian Dessart

Managing director · since 07 mars 2023 · until 05 juin 2026

Ended
Annual accounts

Full financial information

202520242023
Type of accountMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/2023
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months12 months
Filing date24/08/202628/08/202523/07/2024
General meeting30/06/202618/06/202502/07/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202624/08/2026FrenchPDF
Micro model31/12/202418/06/202528/08/2025FrenchPDF
Micro model31/12/202302/07/202423/07/2024FrenchPDF
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 31/12/2025 · 5 active · 11 ended

Active mandates

Emmanuelle Joachim

Director · since 04 juin 2025 · until 26 juin 2026

Active
Séverine Carlin

Director · since 08 mai 2024 · until 26 juin 2026

Active
Christian Dessart

Managing director · since 07 mars 2023 · until 26 juin 2026

Active
Christophe De Beco

Director · since 07 mars 2023 · until 26 juin 2026

Active
Didier Demoulin

Director · since 07 mars 2023 · until 26 juin 2026

Active

Ended mandates

Emmanuelle Joachim

Director · since 04 juin 2025 · until 05 juin 2026

Ended
Séverine Carlin

Director · since 08 mai 2024 · until 05 juin 2026

Ended
Séverine Carlin

Director · since 08 mai 2024

Ended
Christian Dessart

Managing director · since 07 mars 2023 · until 05 juin 2026

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates30/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/06/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other09/03/2023
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 202518,6 k €↑
  2. 2024
    Annual accounts 2024-73,5 k €↓
  3. 2023
    Annual accounts 2023-50,9 k €
  4. 07/03/2023
    IncorporationCooperative society