ACTIVE

CUSTERS RAF

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Financial year 2025 · closed on 31/12/2025
Net result
82,7 k €
+38.9% YoY
Gross margin
175,8 k €
+33.5% YoY
Equity
781,7 k €
+11.8% YoY

What does CUSTERS RAF do?

CUSTERS RAF is a Private limited company incorporated in 2004. Its registered office is in Bree.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0863.820.929
Incorporation
02/03/2004
Legal form
Private limited company
Registered office
Brugstraat 32
3960 Bree · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Joint committees (3)
  • 200
  • 20000
  • 218
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 16 financial years

2025202420232022202120162015201420132012201120102009200820072006
Income statement
Gross margin175,8 k €131,6 k €122,6 k €147,9 k €185 k €100,9 k €125,9 k €135,4 k €131,2 k €118,1 k €115,1 k €103,1 k €75,3 k €71,9 k €79,8 k €54,6 k €
EBITDA124,5 k €84,5 k €76 k €107 k €144,9 k €63,3 k €89,3 k €101 k €95,8 k €84,8 k €79,9 k €72,7 k €46 k €45,8 k €60,3 k €47,6 k €
Operating result112,8 k €77,2 k €69,6 k €92 k €126,4 k €46 k €62,7 k €71,5 k €62,1 k €59,3 k €48,2 k €64,6 k €33 k €32 k €55,7 k €41 k €
Net result82,7 k €59,5 k €53,2 k €69,9 k €88,2 k €41,7 k €31,2 k €44 k €41,3 k €38,4 k €35,6 k €41,3 k €22,4 k €21,2 k €38,9 k €28,2 k €
Balance sheet
Equity781,7 k €699 k €639,5 k €586,2 k €516,3 k €249,4 k €207,7 k €176,4 k €132,4 k €91,1 k €52,7 k €17,2 k €39,8 k €17,4 k €93,2 k €54,3 k €
Total assets895,3 k €838,4 k €733,8 k €656,9 k €641 k €330,9 k €283,3 k €264,6 k €196,6 k €173,3 k €171,6 k €114,4 k €59,5 k €136,6 k €104,3 k €99,3 k €
Cash79,3 k €91 k €101 k €14 k €7,4 k €188,3 k €158,8 k €161 k €113 k €78,5 k €55,5 k €53,1 k €12,4 k €1,2 k €83,5 k €71,3 k €
Debts113,6 k €139,4 k €94,4 k €70,7 k €124,7 k €79,4 k €74,6 k €87,4 k €63,2 k €81,4 k €118,2 k €97,2 k €19,6 k €119,2 k €11 k €43,5 k €
Other
Workforce–––––0,8 ETP0,8 ETP0,8 ETP0,8 ETP0,8 ETP0,8 ETP0,8 ETP0,8 ETP0,8 ETP0,7 ETP0,2 ETP
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 · 3 ended

Active mandates

Raf Custers

Director · since 06 février 2004

Active

Ended mandates

Raf Custers

Bestuurder · since 06 février 2004

Ended
Raf Custers

Manager · since 06 février 2004

Ended
Raf CUSTERS

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
CUSTERS● Active
0439.958.940
CUSTERS BOUW● Active
0769.850.891
DOMIC● Active
0688.828.375
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 date28/08/202629/08/202530/08/202430/08/202328/10/202227/07/2021
General meeting01/06/202602/06/202503/06/202405/06/202307/06/202207/06/2021
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 model31/12/202501/06/202628/08/2026DutchPDF
Micro model31/12/202402/06/202529/08/2025DutchPDF
Micro model31/12/202303/06/202430/08/2024DutchPDF
Micro model31/12/202205/06/202330/08/2023DutchPDF
Micro model31/12/202107/06/202228/10/2022DutchPDF
Micro model31/12/202007/06/202127/07/2021DutchPDF
Micro model31/12/201902/06/202028/10/2020DutchPDF
Micro model31/12/201803/06/201901/08/2019DutchPDF
Micro model31/12/201704/06/201828/08/2018DutchPDF
Abridged model31/12/201606/06/201719/07/2017DutchPDF
Abridged model31/12/201506/06/201629/08/2016DutchPDF
Abridged model31/12/201401/06/201520/07/2015DutchPDF
Abridged model31/12/201302/06/201420/08/2014DutchPDF
Abridged model31/12/201203/06/201303/07/2013DutchPDF
Abridged model31/12/201104/06/201216/07/2012DutchPDF
Abridged model31/12/201006/06/201122/06/2011DutchPDF
Abridged model31/12/200907/06/201002/07/2010DutchPDF
Abridged model31/12/200827/03/200928/04/2009DutchPDF
Abridged model31/12/200702/06/200830/06/2008DutchPDF
Abridged model31/12/200604/06/200726/06/2007DutchPDF
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 · 1 active · 3 ended

Active mandates

Raf Custers

Director · since 06 février 2004

Active

Ended mandates

Raf Custers

Bestuurder · since 06 février 2004

Ended
Raf Custers

Manager · since 06 février 2004

Ended
Raf CUSTERS

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office26/11/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates28/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other12/03/2004
    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

Timeline

  1. 2025
    Annual accounts 202582,7 k €↑
  2. 2024
    Annual accounts 202459,5 k €↑
  3. 2023
    Annual accounts 202353,2 k €↓
  4. 2022
    Annual accounts 202269,9 k €↓
  5. 2021
    Annual accounts 202188,2 k €↑
  6. 2016
    Annual accounts 201641,7 k €↑
  7. 2015
    Annual accounts 201531,2 k €↓
  8. 2014
    Annual accounts 201444 k €↑
  9. 2013
    Annual accounts 201341,3 k €↑
  10. 2012
    Annual accounts 201238,4 k €↑
  11. 2011
    Annual accounts 201135,6 k €↓
  12. 2010
    Annual accounts 201041,3 k €↑
  13. 2009
    Annual accounts 200922,4 k €↑
  14. 2008
    Annual accounts 200821,2 k €↓
  15. 2007
    Annual accounts 200738,9 k €↑
  16. 2006
    Annual accounts 200628,2 k €
  17. 02/03/2004
    IncorporationPrivate limited company