ACTIVE

DR. RAF FRANSEN

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Financial year 2025 · closed on 31/12/2025

Net result

53,3 k €

+358.6% YoY

Gross margin

105,4 k €

+164.6% YoY

Equity

363,8 k €

-0.0% YoY

What does DR. RAF FRANSEN do?

DR. RAF FRANSEN is a Private limited company incorporated in 2004. Its main activity is: General medical practice activities. Its registered office is in Peer.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0864.368.186

Incorporation

29/03/2004

Legal form

Private limited company

Registered office

Mgr. Morisstraat 5
3990 Peer · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

86210General medical practice activities· main 86210General medical practice activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	105,4 k €	+165%	39,8 k €	-44.8%	72,1 k €	+26.5%	57 k €	-48.9%	111,5 k €	-15.5%	131,9 k €	+39.7%	94,5 k €	+43.6%	65,8 k €	+33.2%	49,4 k €	-37.8%	79,4 k €	+0.5%	79 k €	-14.8%	92,7 k €	+8.8%	85,1 k €	-24.8%	113,2 k €	+11.2%	101,8 k €	+41.2%	72,1 k €	-22.8%	93,4 k €	+1.2%	92,3 k €	+83.6%	50,3 k €	-26.7%	68,6 k €
EBITDA	100,3 k €	+185%	35,1 k €	-50.4%	70,9 k €	+32.3%	53,5 k €	-51.6%	110,5 k €	-15.6%	131 k €	+40.4%	93,3 k €	+44.1%	64,8 k €	+34.0%	48,3 k €	-38.3%	78,3 k €	+8.1%	72,4 k €	-21.2%	91,9 k €	+9.9%	83,6 k €	-25.5%	112,2 k €	+11.5%	100,6 k €	+41.7%	71 k €	-23.0%	92,2 k €	+0.7%	91,5 k €	+95.4%	46,8 k €	-30.9%	67,8 k €
Operating result	78,9 k €	+286%	20,4 k €	-69.3%	66,6 k €	+35.9%	49 k €	-53.7%	105,8 k €	-16.0%	126 k €	+63.4%	77,1 k €	+56.5%	49,2 k €	+47.2%	33,5 k €	-46.7%	62,7 k €	+18.0%	53,2 k €	-29.3%	75,2 k €	+18.0%	63,8 k €	-34.2%	96,9 k €	+24.7%	77,7 k €	+60.4%	48,5 k €	-30.2%	69,5 k €	-0.5%	69,8 k €	+153%	27,7 k €	-46.4%	51,6 k €
Net result	53,3 k €	+359%	11,6 k €	-75.6%	47,7 k €	+45.0%	32,9 k €	-56.3%	75,1 k €	-16.2%	89,7 k €	+67.7%	53,5 k €	+54.8%	34,6 k €	+60.4%	21,6 k €	-47.4%	40,9 k €	+14.2%	35,9 k €	-25.3%	48 k €	+11.6%	43,1 k €	-32.4%	63,7 k €	+17.2%	54,3 k €	+60.3%	33,9 k €	-23.9%	44,5 k €	-6.5%	47,6 k €	+175%	17,3 k €	-52.6%	36,6 k €
Balance sheet
Equity	363,8 k €	-0.0%	363,9 k €	-10.9%	408,4 k €	+13.2%	360,8 k €	-2.2%	368,8 k €	+25.6%	293,7 k €	+2.0%	287,9 k €	+22.8%	234,4 k €	-34.7%	358,8 k €	+6.4%	337,2 k €	+13.8%	296,3 k €	+13.8%	260,4 k €	+22.6%	212,4 k €	-17.4%	257 k €	+1.4%	253,3 k €	+27.3%	199 k €	+20.5%	165,1 k €	+13.4%	145,6 k €	+48.6%	98 k €	-11.5%	110,6 k €
Total assets	467,2 k €	-0.5%	469,5 k €	+5.7%	444,3 k €	+1.9%	436,1 k €	+1.2%	431 k €	+13.5%	379,6 k €	+17.5%	323,2 k €	-12.8%	370,6 k €	-9.8%	411 k €	-1.0%	415 k €	+11.3%	372,9 k €	+8.6%	343,5 k €	+3.1%	333,3 k €	+1.9%	327 k €	+3.2%	316,9 k €	+24.8%	254 k €	+5.2%	241,4 k €	+0.1%	241,2 k €	+45.4%	165,9 k €	+9.7%	151,2 k €
Cash	314,5 k €	+18.5%	265,5 k €	-2.0%	271 k €	+17.8%	230 k €	-38.9%	376,1 k €	+25.6%	299,5 k €	+17.2%	255,5 k €	+17.9%	216,7 k €	+20.4%	179,9 k €	+14.1%	157,7 k €	+75.8%	89,7 k €	+11.6%	80,4 k €	-38.8%	131,4 k €	-8.9%	144,3 k €	-32.2%	212,7 k €	+62.5%	130,9 k €	+40.9%	92,9 k €	+37.5%	67,6 k €	+120%	30,7 k €	-35.3%	47,4 k €
Debts	94,2 k €	+0.2%	94,1 k €	+251%	26,8 k €	-59.9%	66,8 k €	+24.0%	53,8 k €	-27.9%	74,6 k €	+174%	27,2 k €	-78.7%	128,1 k €	+194%	43,6 k €	-37.4%	69,7 k €	+1.7%	68,6 k €	-8.6%	75 k €	-33.5%	112,8 k €	+82.2%	61,9 k €	+11.6%	55,5 k €	+17.3%	47,3 k €	-31.4%	69 k €	-22.0%	88,4 k €	+45.7%	60,7 k €	+82.8%	33,2 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 · 3 ended

Active mandates

Raf Fransen

Director · since 29 mars 2004

Active

Ended mandates

Raf Fransen

Director · since 29 mars 2004 · until 23 mars 2024

Ended

Raf Fransen

Director

Ended

Raf Fransen

Manager

Ended

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	23/07/2026	25/07/2025	30/08/2024	18/07/2023	29/07/2022	07/07/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	29/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	23/07/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	25/07/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	18/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	29/07/2022	Dutch	PDF
Micro model	31/12/2020	29/06/2021	07/07/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	27/07/2020	Dutch	PDF
Micro model	31/12/2018	11/06/2019	12/08/2019	Dutch	PDF
Micro model	31/12/2017	12/06/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	27/06/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	12/08/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	01/08/2014	Dutch	PDF
Abridged model	31/12/2012	25/06/2013	22/07/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	18/06/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	22/06/2010	Dutch	PDF
Abridged model	31/12/2008	31/07/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	29/07/2008	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	28/06/2007	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 · 3 ended

Active mandates

Raf Fransen

Director · since 29 mars 2004

Active

Ended mandates

Raf Fransen

Director · since 29 mars 2004 · until 23 mars 2024

Ended

Raf Fransen

Director

Ended

Raf Fransen

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office04/03/2025
Zetelverplaatsing
PDF
Mandates15/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/05/2018
KAPITAAL - AANDELEN
PDF
Capital / shares18/12/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office06/07/2007
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares13/12/2004
DIVERSEN - KAPITAAL - AANDELEN
PDF
Other07/04/2004
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

2025
Annual accounts 202553,3 k €↑
2024
Annual accounts 202411,6 k €↓
2023
Annual accounts 202347,7 k €↑
2022
Annual accounts 202232,9 k €↓
2021
Annual accounts 202175,1 k €↓
2021
Name changeDokter Fransen Raf
2020
Annual accounts 202089,7 k €↑
2019
Annual accounts 201953,5 k €↑
2018
Annual accounts 201834,6 k €↑
2017
Annual accounts 201721,6 k €↓
2016
Annual accounts 201640,9 k €↑
2015
Annual accounts 201535,9 k €↓
2014
Annual accounts 201448 k €↑
2013
Annual accounts 201343,1 k €↓
2012
Annual accounts 201263,7 k €↑
2011
Annual accounts 201154,3 k €↑
2010
Annual accounts 201033,9 k €↓
2009
Annual accounts 200944,5 k €↓
2008
Annual accounts 200847,6 k €↑
2007
Annual accounts 200717,3 k €↓
2006
Annual accounts 200636,6 k €
2006
Name changeDr. Raf Fransen
29/03/2004
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

DR. RAF FRANSEN

Overview

What does DR. RAF FRANSEN do?

Trend over 20 financial years

Indicative valuation

Board of directors

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