ACTIVE

ARAF

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Financial year 2025 · closed on 31/12/2025
Net result
36,9 k €
+15.9% YoY
Gross margin
54,9 k €
+24.5% YoY
Equity
409 k €
+9.9% YoY

What does ARAF do?

ARAF is a Private limited company incorporated in 2004. Its main activity is: Buying and selling of own real estate. Its registered office is in Asse.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0863.064.725
Incorporation
28/01/2004
Legal form
Private limited company
Registered office
Reekstraat 14
1731 Asse · FlandreSee on map
Contributed capital
8 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
68100Buying and selling of own real estate· main68110Buying and selling of own real estate70120Activities of head offices
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 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin54,9 k €44,1 k €77,1 k €63,5 k €196,5 k €93,3 k €106 k €105,2 k €62,9 k €68 k €23,8 k €7 k €20,6 k €32,8 k €20,5 k €236,5 k €11,7 k €-336,2 k €136,4 k €102,5 k €
EBITDA53,2 k €42,5 k €75,9 k €62,3 k €194,3 k €106,7 k €88 k €102,7 k €46 k €63,3 k €23,2 k €6,4 k €20,2 k €32,2 k €19,8 k €235,8 k €10,5 k €-337,2 k €119,6 k €89,2 k €
Operating result49,2 k €39,5 k €62,6 k €39,4 k €172,1 k €84,8 k €65,6 k €90,4 k €45 k €63,3 k €22,6 k €127,2 €20,2 k €32,2 k €19,8 k €235,8 k €10,5 k €-337,2 k €119,6 k €89,2 k €
Net result36,9 k €31,8 k €42 k €24,2 k €119,9 k €56 k €46 k €56,9 k €44,9 k €63 k €4,5 k €-6 k €19,5 k €31,3 k €10,7 k €225 k €10,5 k €-332 k €-25 k €-23,5 k €
Balance sheet
Equity409 k €372,1 k €340,3 k €298,4 k €274,1 k €176,2 k €152,5 k €106,5 k €49,6 k €4,7 k €-58,3 k €-62,7 k €-56,8 k €-76,3 k €-107,6 k €-118,4 k €-343,3 k €-353,8 k €-21,8 k €3,2 k €
Total assets422,3 k €392,9 k €356,1 k €330 k €320,4 k €197,9 k €194,2 k €114,2 k €51,9 k €19,7 k €48,2 k €249,1 k €406,4 k €629,4 k €175,7 k €306,7 k €36,9 k €39,7 k €4,4 M €3,3 M €
Cash45,3 k €36,2 k €61,5 k €277,9 k €212,3 k €119,8 k €104,2 k €51,3 k €44,3 k €4 k €1,1 k €1,1 k €4,4 k €434 €6,2 k €156,2 €1,2 k €10,3 k €309,2 k €20,6 k €
Debts12 k €19,2 k €15,8 k €31,6 k €46,2 k €21,7 k €26,2 k €7,7 k €2,2 k €15 k €105,6 k €310 k €463,2 k €705,7 k €259,8 k €405,4 k €371,3 k €373,4 k €4,4 M €3,3 M €
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 · 2 active · 5 ended

Active mandates

Eveline Vyncke

Director · since 07 février 2019

Active
Christiaan Lombaert

Director · since 24 février 2009

Active

Ended mandates

EVELINE VYNCKE

Director · since 13 février 2019

Ended
CHRISTIAAN LOMBAERT

Manager · since 24 février 2009

Ended
Erwin Lestabel

Manager · since 22 janvier 2004

Ended
ERWIN LESTABEL

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date09/06/202610/07/202505/07/202422/05/202325/05/202224/06/2021
General meeting15/05/202610/06/202510/06/202411/05/202312/05/202214/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202515/05/202609/06/2026DutchPDF
Micro model31/12/202410/06/202510/07/2025DutchPDF
Micro model31/12/202310/06/202405/07/2024DutchPDF
Micro model31/12/202211/05/202322/05/2023DutchPDF
Micro model31/12/202112/05/202225/05/2022DutchPDF
Micro model31/12/202014/05/202124/06/2021DutchPDF
Micro model31/12/201927/06/202030/06/2020DutchPDF
Micro model31/12/201831/05/201905/06/2019DutchPDF
Micro model31/12/201731/05/201829/06/2018DutchPDF
Abridged model31/12/201626/05/201723/06/2017DutchPDF
Abridged model31/12/201526/05/201614/06/2016DutchPDF
Abridged model31/12/201428/05/201515/06/2015DutchPDF
Abridged model31/12/201330/05/201412/06/2014DutchPDF
Abridged model31/12/201230/05/201324/06/2013DutchPDF
Abridged model31/12/201125/02/201219/03/2012DutchPDF
Abridged model31/12/201026/05/201115/06/2011DutchPDF
Abridged model31/12/200907/05/201013/07/2010DutchPDF
Abridged model31/12/200828/05/200922/07/2009DutchPDF
Abridged model31/12/200729/05/200824/06/2008DutchPDF
Abridged model31/12/200631/05/200718/06/2007DutchPDF
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 · 2 active · 5 ended

Active mandates

Eveline Vyncke

Director · since 07 février 2019

Active
Christiaan Lombaert

Director · since 24 février 2009

Active

Ended mandates

EVELINE VYNCKE

Director · since 13 février 2019

Ended
CHRISTIAAN LOMBAERT

Manager · since 24 février 2009

Ended
Erwin Lestabel

Manager · since 22 janvier 2004

Ended
ERWIN LESTABEL

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates07/08/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/07/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates15/02/2019
    DENOMINATION - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Registered office13/07/2017
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates31/10/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/04/2009
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office17/02/2009
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other04/02/2004
    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 202536,9 k €↑
  2. 2024
    Annual accounts 202431,8 k €↓
  3. 2023
    Annual accounts 202342 k €↑
  4. 2022
    Annual accounts 202224,2 k €↓
  5. 2021
    Annual accounts 2021119,9 k €↑
  6. 2020
    Annual accounts 202056 k €↑
  7. 2019
    Annual accounts 201946 k €↓
  8. 2018
    Annual accounts 201856,9 k €↑
  9. 2017
    Annual accounts 201744,9 k €↓
  10. 2016
    Annual accounts 201663 k €↑
  11. 2015
    Annual accounts 20154,5 k €↑
  12. 2014
    Annual accounts 2014-6 k €↓
  13. 2013
    Annual accounts 201319,5 k €↓
  14. 2012
    Annual accounts 201231,3 k €↑
  15. 2011
    Annual accounts 201110,7 k €↓
  16. 2010
    Annual accounts 2010225 k €↑
  17. 2009
    Annual accounts 200910,5 k €↑
  18. 2008
    Annual accounts 2008-332 k €↓
  19. 2007
    Annual accounts 2007-25 k €↓
  20. 2006
    Annual accounts 2006-23,5 k €
  21. 28/01/2004
    IncorporationPrivate limited company