ACTIVE

RAFCON

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Financial year 2025 · closed on 31/12/2025

Net result

37,2 k €

-3.9% YoY

Gross margin

104,9 k €

+5.9% YoY

Equity

266,2 k €

+16.2% YoY

What does RAFCON do?

RAFCON is a Private limited company incorporated in 2010. Its main activity is: Activities of holding companies. Its registered office is in Zonhoven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0828.938.145

Incorporation

02/09/2010

Legal form

Private limited company

Registered office

Vogelsancklaan 260
3520 Zonhoven · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	104,9 k €	+5.9%	99,1 k €	+10.0%	90 k €	-39.2%	148,1 k €	+83.4%	80,8 k €	+74.0%	46,4 k €	+110%	22,2 k €	+380%	4,6 k €	+139%	-11,8 k €	+29.1%	-16,7 k €	-160%	28 k €	-8.6%	30,6 k €	+38.8%	22,1 k €
EBITDA	103,9 k €	+6.6%	97,4 k €	+10.0%	88,5 k €	-38.8%	144,5 k €	+82.3%	79,3 k €	+80.4%	44 k €	+128%	19,3 k €	+1507%	1,2 k €	+107%	-17 k €	+35.0%	-26,2 k €	-198%	26,7 k €	-11.5%	30,2 k €	+45.5%	20,7 k €
Operating result	66,9 k €	+10.0%	60,8 k €	+15.7%	52,6 k €	-61.8%	137,6 k €	+175%	50,1 k €	+229%	15,2 k €	+214%	-13,3 k €	-369%	-2,8 k €	+87.3%	-22,3 k €	+33.6%	-33,6 k €	-277%	19 k €	-30.1%	27,2 k €	+51.3%	18 k €
Net result	37,2 k €	-3.9%	38,7 k €	+40.3%	27,6 k €	-70.3%	92,8 k €	+165%	35,1 k €	+159%	13,5 k €	+193%	-14,6 k €	-322%	-3,5 k €	+85.5%	-23,8 k €	+31.9%	-35 k €	-418%	11 k €	-1.7%	11,2 k €	+5.4%	10,6 k €
Balance sheet
Equity	266,2 k €	+16.2%	229,1 k €	+20.3%	190,4 k €	+16.9%	162,9 k €	+133%	70 k €	+485%	-18,2 k €	+42.7%	-31,7 k €	-85.3%	-17,1 k €	-25.3%	-13,7 k €	-234%	10,2 k €	-77.5%	45,2 k €	+32.2%	34,2 k €	+48.6%	23 k €
Total assets	467,4 k €	+7.5%	434,8 k €	+8.9%	399,4 k €	+3.3%	386,5 k €	+146%	156,9 k €	-16.7%	188,3 k €	+2.7%	183,4 k €	+175%	66,7 k €	+30.7%	51 k €	-22.0%	65,4 k €	-21.2%	83 k €	+43.7%	57,8 k €	-38.7%	94,2 k €
Cash	383,5 k €	+21.3%	316,1 k €	+27.6%	247,6 k €	+32.7%	186,6 k €	+35.2%	138 k €	+49.2%	92,5 k €	+52.4%	60,7 k €	+9.6%	55,4 k €	+53.7%	36 k €	-23.1%	46,9 k €	-8.8%	51,4 k €	+24.1%	41,4 k €	-45.7%	76,3 k €
Debts	198,6 k €	-3.5%	205,8 k €	-1.5%	209 k €	-6.6%	223,7 k €	+158%	86,8 k €	-57.9%	206,5 k €	-4.0%	215,1 k €	+157%	83,8 k €	+29.6%	64,7 k €	+17.1%	55,3 k €	+46.2%	37,8 k €	+60.3%	23,6 k €	-66.8%	71,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

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

Active mandates

RAFAËL BREEMANS

Director · since 27 novembre 2023

Active

Ended mandates

Rafaël Breemans

Manager · since 02 septembre 2010

Ended

At this address

Other companies at this address

Company	CBE no.
BREEMES● Active	0832.263.760
itsme Holding Belgium● Active	1012.892.707

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	19/05/2026	31/07/2025	20/08/2024	07/07/2023	25/07/2022	07/07/2021
General meeting	19/05/2026	30/06/2025	30/06/2024	09/06/2023	30/06/2022	11/06/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	19/05/2026	19/05/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	31/07/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	20/08/2024	Dutch	PDF
Micro model	31/12/2022	09/06/2023	07/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	25/07/2022	Dutch	PDF
Micro model	31/12/2020	11/06/2021	07/07/2021	Dutch	PDF
Micro model	31/12/2019	12/06/2020	23/06/2020	Dutch	PDF
Micro model	31/12/2018	14/06/2019	26/08/2019	Dutch	PDF
Micro model	31/12/2017	08/06/2018	23/08/2018	Dutch	PDF
Micro model	31/12/2016	09/06/2017	10/08/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	15/06/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	20/07/2015	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	30/08/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 ended

Active mandates

RAFAËL BREEMANS

Director · since 27 novembre 2023

Active

Ended mandates

Rafaël Breemans

Manager · since 02 septembre 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/08/2018
MAATSCHAPPELIJKE ZETEL
PDF
Registered office13/02/2013
MAATSCHAPPELIJKE ZETEL
PDF
Registered office23/05/2011
MAATSCHAPPELIJKE ZETEL
PDF
Other06/09/2010
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202537,2 k €↓
2024
Annual accounts 202438,7 k €↑
2023
Annual accounts 202327,6 k €↓
2022
Annual accounts 202292,8 k €↑
2021
Annual accounts 202135,1 k €↑
2018
Annual accounts 201813,5 k €↑
2017
Annual accounts 2017-14,6 k €↓
2016
Annual accounts 2016-3,5 k €↑
2015
Annual accounts 2015-23,8 k €↑
2014
Annual accounts 2014-35 k €↓
2013
Annual accounts 201311 k €↓
2012
Annual accounts 201211,2 k €↑
2011
Annual accounts 201110,6 k €
02/09/2010
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

RAFCON

Overview

What does RAFCON do?

Trend over 13 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