CH.RAWL MANAGEMENT
ActiveSummary
CH.RAWL MANAGEMENT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €650k and a net result of €171k. Equity is growing by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 52% of 630 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+7
Solvency70▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.35 against 1.58 in 2024; short-term debt: 23.4% and cash: 38.7% of total assets), but 55.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← 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
44.8%
Return on assets
11.8%
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 03-07-2026, 28 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
28 d early
2024
13 d early
2023
19 d early
2022
31 d late
2021
31 d late
2020
31 d late
2019
31 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, abbreviated schema
Equity
€650k▲ 35.7%
2024 · €479k
2018: €21k
2019: €39k
2020: €127k
2021: €202k
2022: €249k
2023: €402k
2024: €479k
2018 → 2025
Total assets
€1.45M▲ 8.4%
2024 · €1.34M
2018: €254k
2019: €384k
2020: €533k
2021: €724k
2022: €1.17M
2023: €1.23M
2024: €1.34M
2018 → 2025
Net result
€171k▲ 122%
2024 · €77k
2018: €42k
2019: €58k
2020: €108k
2021: €95k
2022: €47k
2023: €152k
2024: €77k
2018 → 2025
Working capital
€458k▲ 106%
2024 · €222k
2018: €-4k
2019: €32k
2020: €163k
2021: €163k
2022: €138k
2023: €182k
2024: €222k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€202k-€249k▲ 23.3%€402k▲ 61.2%€479k▲ 19.2%€650k▲ 35.7%
Operating result€128k-€80k▼ 37.6%€239k▲ 199%€137k▼ 42.5%€269k▲ 96.0%
Net result€95k-€47k▼ 50.6%€152k▲ 224%€77k▼ 49.5%€171k▲ 122%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 96% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.45M
Fixed assets
€653k ▼ 11.1%
Current assets
€797k ▲ 32.1%
Equity and liabilities €1.45M
Equity
€650k ▲ 35.7%
Debt
€800k ▼ 6.9%
Debt's share of the balance-sheet total falls from 64.2% to 55.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€350k▲
2024 · €221k
Cash flow
€253k▲
2024 · €161k
Current ratio
2.35▲
2024 · 1.58
Debt to equity
1.23▼
2024 · 1.80
ROE
26.3%▲
2024 · 16.1%
ROA
11.8%▲
2024 · 5.8%
Interest coverage
13.43▲
2024 · 11.02
Debt ≤ 1 year
€339k▼
2024 · €381k
Debt > 1 year
€385k▼
2024 · €428k
Income taxes
€84k▲
2024 · €40k
Staff costs
€143k▲
2024 · €110k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.34M€1.45M▲
Fixed assets21/28€735k€653k▼
Tangible fixed assets22/27€735k€653k▼
Land and buildings22€598k€559k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€131k€91k▼
Current assets29/58€603k€797k▲
Amounts receivable within one year40/41€146k€231k▲
Trade receivables40€146k€219k▲
Other amounts receivable41€157€12k▲
Cash at bank and in hand54/58€446k€561k▲
Deferred charges and accrued income490/1€11k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.34M€1.45M▲
Equity10/15€479k€650k▲
Contributions10/11€19k€19k=
Reserves13€457k€628k▲
Distributable reserves133€457k€628k▲
Profit (loss) carried forward14€3k€3k=
Amounts payable17/49€859k€800k▼
Amounts payable after more than one year17€428k€385k▼
Financial debts170/4€428k€385k▼
Amounts payable within one year42/48€381k€339k▼
Current portion of amounts payable after more than one year42€45k€45k▼
Trade debts44€89k€49k▼
Suppliers440/4€89k€49k▼
Taxes, remuneration and social security45€66k€86k▲
Taxes450/3€49k€63k▲
Remuneration and social security454/9€17k€24k▲
Other amounts payable47/48€182k€159k▼
Accrued charges and deferred income492/3€50k€76k▲
Income statement
Code20242025
Remuneration, social security and pensions62€110k€143k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€82k▼
Other operating charges640/8€5k€5k▼
Non-recurring operating charges66A€209-
Gross operating margin9900€336k€497k▲
Operating profit (loss)9901€137k€269k▲
Financial income75/76B€3€12k▲
Recurring financial income75€3€12k▲
Financial charges65/66B€20k€26k▲
Recurring financial charges65€20k€26k▲
Profit (loss) for the period before taxes9903€117k€255k▲
Income taxes67/77€40k€84k▲
Profit (loss) for the period9904€77k€171k▲
Profit (loss) for the period to be appropriated9905€77k€171k▲
Appropriation of the result
Profit (loss) to be appropriated9906€80k€174k▲
Profit (loss) brought forward from the previous period14P€3k€3k▲
Transfer to equity691/2€77k€171k▲
To other reserves6921€77k€171k▲
Social balance
Average headcount (FTE)90872.22.5▲
The notes to these accounts (17 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
23-02
State Gazette act
RestructuringDemerger · Accounting effect · Net-asset statement7 facts ▸
State Gazette act
Restructuring
Demerger · Accounting effect · Net-asset statement7 facts ▸
- Board meeting, 11-02-2026
- Demerger, partiële splitsing door overneming, 736
- Accounting effect, 01-01-2026
- Net-asset statement, 31-12-2025
- Share issue, 736, partiële splitsing
- Share transfer, GO4SAFETY → Christophe Vermaete
- Share transfer, GO4SAFETY → Heidi Van Horebeek
2025
31-12
Financial
Highest result since 2018net €171k ▲122%
Operating result €269k, net result €171k, both a record.
31-12
Financial
Equity above €500kEq €650k ▲35.7%
8 profitable years in a row build equity to €650k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €200kEq €202k ▲59.3%
4 profitable years in a row build equity to €202k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €100kEq €127k ▲223%
3 profitable years in a row build equity to €127k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 2016
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.
Spoorweglaan 128760 TieltGround area
124 m²
Building footprint
66 m²
Volume, LiDAR
486 m³
Parcel 37007A1034/00M000, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CH.RAWL MANAGEMENT
since 20162.250.000.914
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37007A1034/00M000 | Flanders | 124 m² | 1 · 66 m² | 11.6 m · 3 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.
Structure & network
Acquisitions and mergers
1 transactionSplit off to:GO4SAFETY BV
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 14,645 EUR awarded · 12,114 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,977 EUR | 3,933 EUR |
| 2024 | 1 | 1,886 EUR | 3,273 EUR |
| 2023 | 1 | 2,171 EUR | 669 EUR |
| 2022 | 1 | 4,611 EUR | 4,239 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Quality registration as a provider
1 live approvalQuality registration as a provider
Similar companies · same sector, comparable size
KONTIVAX
BE 0757.816.458
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BM Beton
BE 0884.196.669
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COPIAS
BE 0810.230.805
Antwerpen · Eq €659k
Pentas Management
BE 0759.427.549
Kalmthout · Eq €639k
GSF ENGINEERING
BE 0742.851.041
Gembloux · Eq €636k
Of 4,567 companies in sector 74999 we hold annual accounts for 1,938. 1,063 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
Founded08-12-2015
Fiscal year end31-12
Legal name NL
GO4SAFETY
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
82990Other business support services
85592Vocational training
85599Other education
85699Other educational support services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.