FREDERIC RABAEY
ActiveSummary
FREDERIC RABAEY has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €195,210 and a net result of €47,851. Equity is growing by ~30.8% per year across the filed fiscal years. Its solvency ranks better than 94% of 1536 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 12.8 against 5.57 in 2024; short-term debt: 7.4% and cash: 38.3% of total assets), and 8.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
91.2%
Return on assets
22.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 25-09-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
24 d early
2023
21 d early
2022
2 d late
2021
10 d early
2020
9 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 10 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€47,851▲ 13.8%
2024 · €42,059
Working capital
€187,139▲ 36.3%
2024 · €137,287
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€47,682▲ 436%€29,036▼ 39.1%€30,017▲ 3.4%€54,990▲ 83.2%€70,236▲ 27.7%
Net result€33,021above the sector's middle half▲ 607%€16,056within the sector's middle half▼ 51.4%€20,403within the sector's middle half▲ 27.1%€42,059above the sector's middle half▲ 106%€47,851above the sector's middle half▲ 13.8%
Equity€76,591within the sector's middle half▲ 75.8%€92,647within the sector's middle half▲ 21.0%€113,050within the sector's middle half▲ 22.0%€155,109within the sector's middle half▲ 37.2%€195,210above the sector's middle half▲ 25.9%
Total assets€120,846within the sector's middle half▲ 15.4%€126,338within the sector's middle half▲ 4.5%€126,782within the sector's middle half▲ 0.4%€187,838within the sector's middle half▲ 48.2%€214,025within the sector's middle half▲ 13.9%
Debt€44,255▼ 27.7%€33,692▼ 23.9%€13,732▼ 59.2%€30,029▲ 119%€16,116▼ 46.3%
Working capital€57,881within the sector's middle half▲ 317%€69,751above the sector's middle half▲ 20.5%€84,903above the sector's middle half▲ 21.7%€137,287above the sector's middle half▲ 61.7%€187,139above the sector's middle half▲ 36.3%
Solvency63.4%above the sector's middle half▲ 21.8pp73.3%above the sector's middle half▲ 10.0pp89.2%above the sector's middle half▲ 15.8pp82.6%above the sector's middle half▼ 6.6pp91.2%above the sector's middle half▲ 8.6pp
Current ratio2.32above the sector's middle half▲ 1.093.14above the sector's middle half▲ 0.827.18above the sector's middle half▲ 4.045.57above the sector's middle half▼ 1.6112.80above the sector's middle half▲ 7.22
Return on assets (ROA)27.3%above the sector's middle half▲ 22.9pp12.7%within the sector's middle half▼ 14.6pp16.1%above the sector's middle half▲ 3.4pp22.4%above the sector's middle half▲ 6.3pp22.4%above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €214,025
Fixed assets
€11,021 ▼ 46.3%
Current assets
€203,004 ▲ 21.3%
Equity and liabilities €214,025
Equity
€195,210 ▲ 25.9%
Provisions
€2,700 =
Debt
€16,116 ▼ 46.3%
Debt's share of the balance-sheet total falls from 16.0% to 7.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€79,736▲
2024 · €66,578
Cash flow
€57,352▲
2024 · €53,647
Debt to equity
0.08▼
2024 · 0.19
ROE
24.5%▼
2024 · 27.1%
Interest coverage
20.65▼
2024 · 48.82
Debt ≤ 1 year
€15,866▼
2024 · €30,029
Income taxes
€18,561▲
2024 · €8,943
Staff costs
€188
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €188 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,726 | €14,582 | €11,405 | €11,588 | €9,501 | ▼ 18.0% |
| Other operating charges640/8 | - | €5,389 | €3,829 | €18,632 | €10,431 | ▼ 44.0% |
| Non-recurring operating charges66A | - | - | €0 | €1 | - | - |
| Gross operating margin9900 | €63,658 | €49,007 | €45,251 | €85,211 | €90,355 | ▲ 6.0% |
| Operating profit (loss)9901 | €47,682 | €29,036 | €30,017 | €54,990 | €70,236 | ▲ 27.7% |
| Financial income75/76B | - | €82 | €0 | €76 | €38 | ▼ 49.8% |
| Recurring financial income75 | - | €82 | €0 | €76 | €38 | ▼ 49.8% |
| Non-recurring financial income76B | - | €82 | €0 | €76 | €38 | ▼ 49.8% |
| Financial charges65/66B | - | €557 | €1,074 | €1,364 | €3,862 | ▲ 183% |
| Recurring financial charges65 | €570 | €557 | €313 | €1,364 | €3,862 | ▲ 183% |
| Non-recurring financial charges66B | - | - | €762 | - | - | - |
| Profit (loss) for the period before taxes9903 | €47,112 | €28,561 | €28,943 | €53,702 | €66,412 | ▲ 23.7% |
| Transfer to deferred taxes680 | - | - | - | €2,700 | - | - |
| Income taxes67/77 | €14,091 | €12,505 | €8,540 | €8,943 | €18,561 | ▲ 108% |
| Profit (loss) for the period9904 | €33,021 | €16,056 | €20,403 | €42,059 | €47,851 | ▲ 13.8% |
| Transfer from tax-exempt reserves789 | - | €18,750 | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €10,800 | - | - |
| Profit (loss) for the period to be appropriated9905 | €33,021 | €34,806 | €20,403 | €31,259 | €47,851 | ▲ 53.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120,846 | €126,338 | €126,782 | €187,838 | €214,025 | ▲ 13.9% |
| Fixed assets21/28 | €19,211 | €24,057 | €28,147 | €20,522 | €11,021 | ▼ 46.3% |
| Tangible fixed assets22/27 | €19,076 | €23,922 | €28,012 | €20,387 | €10,886 | ▼ 46.6% |
| Furniture and vehicles24 | - | €16,842 | €22,460 | €12,162 | €4,172 | ▼ 65.7% |
| Other tangible fixed assets26 | - | €7,080 | €5,552 | €8,225 | €6,714 | ▼ 18.4% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €101,635 | €102,281 | €98,635 | €167,316 | €203,004 | ▲ 21.3% |
| Amounts receivable within one year40/41 | €84,345 | €63,793 | €52,726 | €149,140 | €112,579 | ▼ 24.5% |
| Trade receivables40 | - | €60,322 | €48,769 | €112,732 | €80,859 | ▼ 28.3% |
| Other amounts receivable41 | - | €3,472 | €3,956 | €36,408 | €31,720 | ▼ 12.9% |
| Cash at bank and in hand54/58 | €13,342 | €30,688 | €37,491 | €9,725 | €81,890 | ▲ 742% |
| Deferred charges and accrued income490/1 | - | €7,800 | €8,418 | €8,451 | €8,535 | ▲ 1.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120,846 | €126,338 | €126,782 | €187,838 | €214,025 | ▲ 13.9% |
| Equity10/15 | €76,591 | €92,647 | €113,050 | €155,109 | €195,210 | ▲ 25.9% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €65,773 | €81,828 | €102,231 | €144,290 | €184,391 | ▲ 27.8% |
| Non-distributable reserves130/1 | - | €1,240 | €1,240 | €1,240 | €1,240 | = |
| Reserves not available under the articles1311 | - | €1,240 | €1,240 | - | - | - |
| Other1319 | - | - | - | €1,240 | €1,240 | = |
| Tax-exempt reserves132 | - | - | - | €10,800 | €10,800 | = |
| Distributable reserves133 | - | €80,588 | €100,991 | €132,250 | €172,351 | ▲ 30.3% |
| Profit (loss) carried forward14 | -€1,581 | -€1,581 | -€1,581 | -€1,581 | -€1,581 | = |
| Provisions and deferred taxes16 | - | - | - | €2,700 | €2,700 | = |
| Deferred taxes168 | - | - | - | €2,700 | €2,700 | = |
| Amounts payable17/49 | €44,255 | €33,692 | €13,732 | €30,029 | €16,116 | ▼ 46.3% |
| Amounts payable after more than one year17 | - | €837 | - | - | - | - |
| Financial debts170/4 | - | €837 | - | - | - | - |
| Amounts payable within one year42/48 | €43,755 | €32,531 | €13,732 | €30,029 | €15,866 | ▼ 47.2% |
| Current portion of amounts payable after more than one year42 | - | €19,182 | €837 | €5,008 | - | - |
| Trade debts44 | €12,764 | €1,090 | €6,935 | €21,013 | €3,613 | ▼ 82.8% |
| Suppliers440/4 | - | €1,090 | €6,935 | €21,013 | €3,613 | ▼ 82.8% |
| Taxes, remuneration and social security45 | - | €5,865 | €3,854 | €4,008 | €12,253 | ▲ 206% |
| Taxes450/3 | - | €4,065 | €3,854 | €4,008 | €10,453 | ▲ 161% |
| Remuneration and social security454/9 | - | €1,800 | - | - | €1,800 | - |
| Other amounts payable47/48 | - | €6,395 | €2,107 | - | - | - |
| Accrued charges and deferred income492/3 | - | €324 | - | - | €250 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,021 | €16,056 | €20,403 | €42,059 | €47,851 | ▲ 13.8% |
| + Depreciation and write-downs630 | €10,726 | €14,582 | €11,405 | €11,588 | €9,501 | ▼ 18.0% |
| Operating cash flow (approximation) | €43,747 | €30,638 | €31,808 | €53,647 | €57,352 | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | -€19,429 | -€15,495 | -€3,963 | €0 | ▲ 100% |
| Change in cash | - | €17,347 | €6,803 | -€27,767 | €72,165 | ▲ 360% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €47,851 ▲13.8%
Operating result €70,236, net result €47,851, both a record.
31-03
Financial
Liquidity doublescurrent ratio 12.80
Current ratio from 5.57 to 12.80; short-term debt falls from €30,029 to €15,866.
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €150,000Eq €155,109 ▲37.2%
6 profitable years in a row build equity to €155,109.
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 7.18
Current ratio from 3.14 to 7.18; short-term debt falls from €32,531 to €13,732.
31-03
Financial
Equity above €100,000Eq €113,050 ▲22%
5 profitable years in a row build equity to €113,050.
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet €4,671 ▼60.6%
Net result drops to €4,671, the lowest in the series; recovery starts the following year.
Show earlier events
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
20-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Saint-Ghislain · 1 establishment unit since 2007
Ground area
1,149 m²
Building footprint
196 m²
Volume, LiDAR
1,127 m³
Parcel 53009C0395/03S000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Juifs(B) 2, 7331 Saint-Ghislain
since 20072.197.488.280
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53009C0395/03S000 | Wallonia | 1,149 m² | 1 · 196 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,188 companies in sector 77399 we hold annual accounts for 711. 508 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-02-2007
Fiscal year end31-03
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0887347882
Also
9925:BE0887347882
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.