EL RASS
ActiveSummary
EL RASS has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €892k and a net result of €46k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 18280 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 26.96 against 20.67 in 2024; short-term debt: 3.7% and cash: 4.1% of total assets), and 3.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.3%
Return on assets
5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
14 d late
2023
8 d late
2022
51 d late
2021
3 d early
2020
30 d late
2019
68 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€892k▲ 5.4%
2024 · €846k
2018: €558k
2019: €592k
2020: €649k
2021: €708k
2022: €778k
2023: €796k
2024: €846k
2018 → 2025
Total assets
€926k▲ 4.2%
2024 · €888k
2018: €590k
2019: €654k
2020: €685k
2021: €776k
2022: €844k
2023: €859k
2024: €888k
2018 → 2025
Net result
€46k▼ 7.2%
2024 · €50k
2018: €52k
2019: €54k
2020: €93k
2021: €94k
2022: €69k
2023: €19k
2024: €50k
2018 → 2025
Working capital
€884k▲ 5.8%
2024 · €836k
2018: €555k
2019: €590k
2020: €647k
2021: €700k
2022: €768k
2023: €785k
2024: €836k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€708k-€778k▲ 9.8%€796k▲ 2.4%€846k▲ 6.2%€892k▲ 5.4%
Operating result€110k-€87k▼ 20.5%€29k▼ 67.1%€72k▲ 150%€66k▼ 7.7%
Net result€94k-€69k▼ 26.3%€19k▼ 72.9%€50k▲ 164%€46k▼ 7.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €926k
Fixed assets
€8k ▼ 21.4%
Current assets
€918k ▲ 4.5%
Equity and liabilities €926k
Equity
€892k ▲ 5.4%
Debt
€34k ▼ 19.8%
Debt's share of the balance-sheet total falls from 4.8% to 3.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€69k▼
2024 · €78k
Cash flow
€48k▼
2024 · €56k
Current ratio
26.96▲
2024 · 20.67
Quick ratio
24.17▲
2024 · 18.45
Debt to equity
0.04▼
2024 · 0.05
ROE
5.2%▼
2024 · 5.9%
ROA
5.0%▼
2024 · 5.6%
Interest coverage
28.24▼
2024 · 31.36
Debt ≤ 1 year
€34k▼
2024 · €42k
Income taxes
€18k▼
2024 · €20k
Staff costs
€34k▼
2024 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€888k€926k▲
Fixed assets21/28€10k€8k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€10k€8k▼
Furniture and vehicles24€5k€4k▼
Other tangible fixed assets26€4k€4k▼
Financial fixed assets28€275€275=
Current assets29/58€878k€918k▲
Stocks and contracts in progress3€94k€95k▲
Stocks30/36€94k€95k▲
Amounts receivable within one year40/41€737k€784k▲
Trade receivables40€17k€16k▼
Other amounts receivable41€719k€768k▲
Cash at bank and in hand54/58€46k€38k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€888k€926k▲
Equity10/15€846k€892k▲
Contributions10/11€19k€19k=
Reserves13€827k€873k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€825k€871k▲
Amounts payable17/49€42k€34k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€42k€34k▼
Current portion of amounts payable after more than one year42€6k€8k▲
Trade debts44€22k€13k▼
Suppliers440/4€22k€13k▼
Taxes, remuneration and social security45€14k€13k▼
Taxes450/3€6k€6k▲
Remuneration and social security454/9€8k€7k▼
Other amounts payable47/48€0€0=
Income statement
Code20242025
Remuneration, social security and pensions62€45k€34k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k▼
Other operating charges640/8€140€67▼
Gross operating margin9900€124k€103k▼
Operating profit (loss)9901€72k€66k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€69k€64k▼
Income taxes67/77€20k€18k▼
Profit (loss) for the period9904€50k€46k▼
Profit (loss) for the period to be appropriated9905€50k€46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€50k€46k▼
Transfer to equity691/2€50k€46k▼
To other reserves6921€50k€46k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Weakest financial yearnet €19k ▼72.9%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €94k ▲1.4%
Operating result €110k, net result €94k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 1984
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Haachtsesteenweg 1971030 SchaarbeekGround area
374 m²
Building footprint
156 m²
Volume, LiDAR
2,275 m³
Parcel 21909E0232/00W006, Brussels · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Haachtsesteenweg 197, 1030 Schaarbeek
since 19842.024.342.191
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21909E0232/00W006 | Brussels | 374 m² | 1 · 156 m² | 18.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.024.342.191
Similar companies · same sector, comparable size
BNA Santé
BE 0739.970.438
Antoing · Eq €892,886
HULSPHARMA
BE 0435.910.080
Hulshout · Eq €889,981
XPHARMA
BE 0663.736.158
Puurs-Sint-Amands · Eq €889,956
Vandewalle-Verrue
BE 0831.028.692
Vleteren · Eq €889,901
UNIDOSE PHARMA
BE 0467.278.989
Izegem · Eq €889,111
Of 5,220 companies in sector 47730 we hold annual accounts for 3,861. 3,101 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-01-1984
Fiscal year end31-12
Abbreviation FR
P.P.R.H.
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.