ACTIVE

R.AF (SCRL)

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Financial year 2023 · closed on 31/12/2023

Net result

46 €

-100.0% YoY

Gross margin

32,6 k €

-93.8% YoY

Equity

547,5 k €

+0.0% YoY

What does R.AF do?

R.AF is a Private company with limited liability incorporated in 2004. Its main activity is: Joinery installation. Its registered office is in Houthalen-Helchteren.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0864.876.546

Incorporation

22/04/2004

Legal form

Private company with limited liability

Registered office

Pastorijstraat 1/1-2
3530 Houthalen-Helchteren · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2023

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 45422Sale, maintenance and repair of motorcycles and related parts and accessories

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	32,6 k €	-93.8%	524,7 k €	+133%	225,4 k €	+12.0%	201,2 k €	-16.6%	241,3 k €	-1.5%	245 k €	-10.4%	273,5 k €	-9.8%	303,2 k €	-3.6%	314,6 k €	+206%	102,7 k €	-80.6%	529,1 k €	+50.9%	350,5 k €	+61.7%	216,7 k €	+27.7%	169,7 k €	+20.5%	140,9 k €	+38.0%	102,1 k €	+164%	38,6 k €	+34.8%	28,6 k €
EBITDA	22,2 k €	-95.7%	513,6 k €	+500%	85,6 k €	-29.2%	121 k €	-9.1%	133,1 k €	+19.1%	111,7 k €	-3.9%	116,2 k €	-11.4%	131,1 k €	-45.0%	238,3 k €	+117%	109,9 k €	-23.3%	143,3 k €	+28.6%	111,4 k €	+39.2%	80 k €	+0.8%	79,4 k €	-7.3%	85,7 k €	+45.5%	58,9 k €	+222%	18,3 k €	-32.9%	27,2 k €
Operating result	-2 k €	-100%	493,5 k €	+932%	47,8 k €	-27.2%	65,7 k €	+100%	32,8 k €	-26.4%	44,5 k €	+8.3%	41,1 k €	-9.7%	45,6 k €	-57.2%	106,4 k €	+1607%	6,2 k €	-85.9%	44,1 k €	+54.1%	28,6 k €	-13.1%	32,9 k €	-11.8%	37,3 k €	+14.9%	32,5 k €	+19.2%	27,3 k €	+1477%	-2 k €	-112%	16,8 k €
Net result	46 €	-100.0%	360,8 k €	+1286%	26 k €	-17.7%	31,6 k €	+128%	13,9 k €	-17.1%	16,8 k €	+468%	3 k €	-45.0%	5,4 k €	-90.0%	53,8 k €	+218%	-45,4 k €	-497%	11,4 k €	+105%	5,6 k €	-11.6%	6,3 k €	-58.1%	15,1 k €	+11.9%	13,5 k €	+15.3%	11,7 k €	+147%	-25,1 k €	-824%	3,5 k €
Balance sheet
Equity	547,5 k €	+0.0%	547,5 k €	+193%	186,7 k €	+16.2%	160,7 k €	+24.5%	129 k €	+12.1%	115,1 k €	+17.0%	98,4 k €	+3.1%	95,4 k €	+6.0%	90,1 k €	+148%	36,3 k €	-55.5%	81,7 k €	+16.3%	70,3 k €	+8.6%	64,7 k €	+10.8%	58,4 k €	+34.8%	43,3 k €	+45.1%	29,8 k €	+64.3%	18,2 k €	-15.5%	21,5 k €
Total assets	826,8 k €	+3.7%	797,2 k €	-12.0%	905,6 k €	+15.5%	784,3 k €	-8.7%	859,3 k €	-5.8%	912,4 k €	-7.3%	984,7 k €	-13.1%	1,1 M €	-8.5%	1,2 M €	-13.4%	1,4 M €	-6.1%	1,5 M €	+18.9%	1,3 M €	+107%	619 k €	+15.6%	535,6 k €	+18.8%	450,9 k €	+14.8%	392,9 k €	+14.1%	344,5 k €	+53.6%	224,3 k €
Cash	491 €	-92.3%	6,4 k €	+949%	607 €	-64.7%	1,7 k €	-37.9%	2,8 k €	+89.9%	1,5 k €	+145700%	1 €	0.0%	1 €	-99.7%	382 €	-97.1%	13,1 k €	+328%	3,1 k €	-83.8%	19 k €	-57.5%	44,7 k €	+814%	4,9 k €	-69.8%	16,2 k €	+450%	2,9 k €	-92.9%	41,6 k €	+17316%	239 €
Debts	165,5 k €	+28.0%	129,3 k €	-82.0%	718,6 k €	+19.8%	599,6 k €	-17.9%	730,2 k €	-8.4%	797,2 k €	-10.1%	886,3 k €	-14.6%	1 M €	-9.6%	1,1 M €	-17.6%	1,4 M €	-3.3%	1,4 M €	+19.5%	1,2 M €	+119%	551,5 k €	+15.6%	477,2 k €	+17.1%	407,6 k €	+12.3%	363,1 k €	+11.3%	326,3 k €	+60.9%	202,8 k €
Other
Workforce	–		–		2,0 ETP	+42.9%	1,4 ETP	-26.3%	1,9 ETP	-29.6%	2,7 ETP	0.0%	2,7 ETP	-12.9%	3,1 ETP	+182%	1,1 ETP		–		8,7 ETP	+40.3%	6,2 ETP	+21.6%	5,1 ETP	+122%	2,3 ETP	+53.3%	1,5 ETP	0.0%	1,5 ETP	+650%	0,2 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 31/12/2023 · 1 active · 5 ended

Active mandates

Rafaël Vranken

Director · since 22 avril 2004

Active

Ended mandates

Greta Tiri

Director · since 22 avril 2004

Ended

Greta Tiri

Manager · since 22 avril 2004

Ended

Rafaël Vranken

Manager · since 22 avril 2004

Ended

Greta Tiri

Manager · since 05 avril 2004

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/12/2024	30/12/2023	26/03/2023	29/10/2021	30/11/2020	19/09/2019
General meeting	07/06/2024	02/06/2023	30/06/2022	30/06/2021	09/08/2020	07/06/2019
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2023	07/06/2024	31/12/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	30/12/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	26/03/2023	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	29/10/2021	Dutch	PDF
Abridged model	31/12/2019	09/08/2020	30/11/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	19/09/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	21/12/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	08/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	18/12/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	30/09/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	12/12/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	28/02/2012	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	30/09/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	30/09/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	30/07/2007	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 31/12/2023 · 1 active · 5 ended

Active mandates

Rafaël Vranken

Director · since 22 avril 2004

Active

Ended mandates

Greta Tiri

Director · since 22 avril 2004

Ended

Greta Tiri

Manager · since 22 avril 2004

Ended

Rafaël Vranken

Manager · since 22 avril 2004

Ended

Greta Tiri

Manager · since 05 avril 2004

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office13/04/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office26/01/2015
MAATSCHAPPELIJKE ZETEL
PDF
Other03/05/2004
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

2023
Annual accounts 202346 €↓
2022
Annual accounts 2022360,8 k €↑
2021
Annual accounts 202126 k €↓
2021
Name changeRAF BV
2020
Annual accounts 202031,6 k €↑
2019
Annual accounts 201913,9 k €↓
2018
Annual accounts 201816,8 k €↑
2017
Annual accounts 20173 k €↓
2016
Annual accounts 20165,4 k €↓
2015
Annual accounts 201553,8 k €↑
2014
Annual accounts 2014-45,4 k €↓
2013
Annual accounts 201311,4 k €↑
2012
Annual accounts 20125,6 k €↓
2011
Annual accounts 20116,3 k €↓
2010
Annual accounts 201015,1 k €↑
2009
Annual accounts 200913,5 k €↑
2008
Annual accounts 200811,7 k €↑
2007
Annual accounts 2007-25,1 k €↓
2006
Annual accounts 20063,5 k €
2006
Name changeR.AF
22/04/2004
IncorporationPrivate company with limited liability

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

R.AF (SCRL)

Overview

What does R.AF do?

Trend over 18 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