Equity
€11.3m ▲ 0.7%
H.U. RASCH has made a profit in every financial year since 2006.
H.U. RASCH
Lifetime
20 annual accounts with figures on one time axis, 48 filings since 1978peak €2.5m (2019)
€55,480▲ 55.9%
peak €3.1m (2017)
€79,271▼ 88.6%
peak €12.6m (2020)
€11.3m▲ 0.7%
€77,066▲ 104%
peak 0 FTE (2024)
-not published
Board2 names since 2021
2 directorsRalph Schaus and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Gross margin from €35,584 to €55,480Result from €694,252 to €79,271Debts from €37,825 to €77,066Cash from €45,494 to €198,945
Key points
from the 2025 annual accountsResult
€79,271 ▼ 88.6%
The result fell in 2025: the 2024 profit included a one-off income of €600,000.
Turnover
≈ €120,000 estimated
The accounts state no turnover.
Filings
48 annual accounts since 1978
Six of the last ten came late. The 2021 accounts came latest: 47 days after the end of the period.
Group
4 companies controlled
Heads a group.
Position in the sector
99.3%
Higher solvency than 95% of companies in legal and accounting. Sector median 32.5% · 1,057 companies.
Checked score
95
Excellent
Financially stronger than 60% of medium-sized companies in legal and accounting (NACE 69)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 94 companies (NACE 69, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.2%▲ +0.1 percentage points vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 107.93, cash €198,945
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €11.4m
Sector: Legal and accounting activities (NACE 69)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, medium-sized). It does better than 86% of them on solvency, 69% on liquidity, 55% on profitability and 30% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as H.U. RASCH has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of H.U. RASCH itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for H.U. RASCH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,050,000 on 30-day terms is acceptable
Short-term debt is 0.7% and cash 1.7% of total assets. 0.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
16 days early
2023
21 days early
2022
12 days early
2021
47 days late
2020
38 days late
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days after the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (4 of the last 5 accounts filed within 43 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0418345360
Resignations & appointments
General meeting of 18-11-2022 · Gazette deed
Reappointments: Ralph Schaus (director) and Sabine Pfundstein (director)
General meeting of 24-06-2020 · Gazette deed
First establishment
Klosterstrasse 36, Saint-Vith
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| H.U. RASCH Saint-Vith | €11.4m | €55,480 | 99.3% | - |
| SOPA - INVEST Woluwe-Saint-Pierre | €12.0m | €48,341 | 41.6% | - |
| E.D.M. Brussels | €9.4m | €55,862 | 6.8% | - |
| JALINVEST Wevelgem | €8.2m | €63,156 | 99.4% | - |
| EFFICACE Kontich | €15.8m | €99,803 | 19.2% | - |
| Q-DEVELOPMENT COMPANY Wervik | €7.6m | €33,259 | 84.9% | 0 |
| PIERRET CONSULTING Bouillon | €14.2m | €180,716 | 94.2% | - |
These companies have the same main activity as H.U. RASCH: other tax advisory services (NACE 69209). They are comparable in size and age: total assets between €7.6m and €16m, founded between 1986 and 2007.
Official details
Source: KBO- Status
- Active since 03-06-1978Normal situation
- Registered office
- 18 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Other tax advisory servicesNACE 69209
- Establishment unit
- 2.015.018.0184780 Saint-Vith, since 03-06-1978
- Financial year end
- 31 December
- Peppol
- Reachable since 04-07-2025
Insights on H.U. RASCH
H.U. RASCH has existed since 1978. In 2019 the gross margin rose from €71,351 to €2.5m.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about H.U. RASCH
- What is the company number of H.U. RASCH?
- The company number of H.U. RASCH is 0418.345.360. The VAT number is the same number with BE in front: BE 0418.345.360.
- Where is H.U. RASCH based?
- The registered office is at Klosterstrasse 36, 4780 Saint-Vith.Company details
- What does H.U. RASCH do?
- According to the KBO register, the main activity is other tax advisory services (NACE 69209).
- What is the legal form of H.U. RASCH?
- H.U. RASCH is a public limited company (NV).
- When was H.U. RASCH founded?
- H.U. RASCH was founded on 03-06-1978.
- Is H.U. RASCH still active?
- Yes, H.U. RASCH is an active enterprise in the KBO register.
- What is the turnover of H.U. RASCH?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €55,480 and 82 comparable companies (NACE 692). It probably lies between €90,000 and €160,000.Financials
- Is H.U. RASCH profitable?
- In financial year 2025, H.U. RASCH made a profit of €79,271.
- Where can I find the annual accounts of H.U. RASCH?
- H.U. RASCH filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of H.U. RASCH due?
- H.U. RASCH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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