R & A GROUP
ActiveThe annual accounts of R & A GROUP for fiscal year 2024 show a net loss of 57% of the equity at the start of that year. The 2024 annual accounts show equity of €10k and a net result of €-13k. Equity is shrinking by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 24% of 172 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
32
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability2▼-10
Solvency35▼-24
Growth22▼-13
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.22 against 0.53 in 2023; short-term debt: 89.9% and cash: 1.2% of total assets), and 89.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 50
Relative position
BE, all sectors
reference
Sector 50
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
10.1%
Return on assets
-13.6%
Age of the figures
24 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year €-13k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 172 sector peers (2024).
NBB · sector comparisonPosition among 172 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 140 days later.
NBB · 5 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline17-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 06-05-2025, 6 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
6 d late
2023
3 d late
2022
66 d late
2021
38 d late
2020
3 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€75k▲ 37.6%
2022 · €55k
2021: €123k
2022: €55k
2021 → 2023
EBIT margin
-6.3%▲ 7.1pp
2022 · -13.4%
2021: 13.6%
2022: -13.4%
2021 → 2023
Net result
€-13k▼ 164%
2023 · €-5k
2020: €12k
2021: €13k
2022: €-7k
2023: €-5k
2020 → 2024
Working capital
€-67k▼ 219%
2023 · €-21k
2020: €-25k
2021: €-1k
2022: €27k
2023: €-21k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€123k€55k▼ 55.7%€75k▲ 37.6%
Equity€22k-€35k▲ 57.1%€28k▼ 21.2%€23k▼ 17.8%€10k▼ 57.3%
Operating result€15k-€17k▲ 10.1%€-7k€-5k▲ 35.6%€-13k▼ 175%
Net result€12k-€13k▲ 3.2%€-7k€-5k▲ 33.8%€-13k▼ 164%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2024 against €5k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €96k
Fixed assets
€77k▲ 75.3%
Current assets
€19k▼ 19.2%
Equity and liabilities €96k
Equity
€10k▼ 57.3%
Debt
€86k▲ 93.2%
The debt ratio rises from 66.2% to 89.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▼
2023 · €-318
Cash flow
€-3k▼
2023 · €-553
Solvency
10.1%▼
2023 · 33.8%
Current ratio
0.22▼
2023 · 0.53
Quick ratio
0.22▼
2023 · 0.53
Debt / equity
8.86▲
2023 · 1.96
ROE
-134.1%▼
2023 · -21.7%
ROA
-13.6%▼
2023 · -7.3%
Interest coverage
-8.83▼
2023 · -1.98
Debt
€86k▲
2023 · €45k
Debt ≤ 1 year
€86k▲
2023 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€67k€96k▲
Fixed assets21/28€44k€77k▲
Tangible fixed assets22/27€44k€77k▲
Furniture and vehicles24€44k€77k▲
Current assets29/58€23k€19k▼
Amounts receivable within one year40/41€18k€18k▼
Trade receivables40€8k€12k▲
Other amounts receivable41€11k€5k▼
Cash at bank and in hand54/58€5k€1k▼
Equity and liabilities
Total equity and liabilities10/49€67k€96k▲
Equity10/15€23k€10k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€13k€-282▼
Amounts payable17/49€45k€86k▲
Amounts payable within one year42/48€45k€86k▲
Taxes, remuneration and social security45€3k€7k▲
Taxes450/3€3k€7k▲
Other amounts payable47/48€41k€79k▲
Income statement
Code20232024
Turnover70€75k-
Non-recurring operating income76A-€440
Goods, raw materials, services and sundry goods60/61€58k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€10k▲
Other operating charges640/8€6k€9k▲
Non-recurring operating charges66A€12k-
Gross operating margin9900€18k€6k▼
Operating profit (loss)9901€-5k€-13k▼
Financial income75/76B-€187
Recurring financial income75-€187
Financial charges65/66B€161€281▲
Recurring financial charges65€161€281▲
Profit (loss) for the period before taxes9903€-5k€-13k▼
Income taxes67/77€75-
Profit (loss) for the period9904€-5k€-13k▼
Profit (loss) for the period to be appropriated9905€-5k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€-282▼
Profit (loss) brought forward from the previous period14P€18k€13k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
30-09
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 3 days late
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 38 days late
2021
30-09
Financial
Highest result since 2020net €13k ▲3.2%
Operating result €17k, net result €13k, both a record.
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Antwerpen · 1 establishment unit since 2019
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.
Jan De Voslei 322020 AntwerpenGround area
458 m²
Building footprint
458 m²
Volume, LiDAR
5,322 m³
Parcel 11809I2122/00L007, Flanders · tallest building 15.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BeQuick
since 20192.295.420.668
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2122/00L007 | Flanders | 458 m² | 1 · 458 m² | 15.2 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.
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Of 3,788 companies in sector 50200 we hold annual accounts for 2,185. 469 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-10-2019
Fiscal year end30-09
Activities, NACEBEL
50200Water transport
81230Other cleaning activities
96102Launderettes and laundries for private customers
49200Land transport and transport via pipelines
49410Freight transport by road
51210Air transport
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:Ragroup2600@gmail.com