RA-JA
Dissolution or liquidationFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 15-09-2026 at the NBB all 4 filings
Turnover
≈ €11,000
Estimated: probably between €5,200 and €28,000
Total assets
€1.7m▲ 0.2%
2025 · €1.7m
Net result
€2,087▼ 95.7%
2025 · €48,643
Working capital
€1.1m▲ 0.3%
2025 · €1.1m
Trend over the years
2023 to 2026, 4 financial years
The operating result for 2026 is a profit of €13, after a loss of €8,440 in 2025. It is the highest result since 2023.
Operating result€13
2026
Net result€0.002m
2026
Total assets€1.7m
2026
Equity€1.7m
2026
Debt€0.003m
2026
Working capital€1.1m
2026
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2023202420252026
Operating result-€0.01m--€0.01m▼ 28.5%-€0.008m▲ 37.5%€13
Net result-€0.01m--€0.005m▲ 52.4%€0.05m€0.002m▼ 95.7%
Equity€1.2m-€1.2m▼ 0.4%€1.7m▲ 41.2%€1.7m▲ 0.1%
Total assets€1.2m-€1.2m▼ 0.4%€1.7m▲ 41.4%€1.7m▲ 0.2%
Debt€55€0.002m▲ 35×€0.003m▲ 53.4%
Working capital€1.0m€1.1m▲ 5.7%€1.1m▲ 0.3%
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.7m
Fixed assets
€550,047 ▼ 0.3%
Current assets
€1.1m ▲ 0.4%
Equity and liabilities €1.7m
Equity
€1.7m ▲ 0.1%
Debt
€2,933 ▲ 53.4%
Debt's share of the balance-sheet total rises from 0.1% to 0.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1,498▲
2025 · -€2,526
Cash flow
€3,571▼
2025 · €54,558
Debt to equity
0.00▲
2025 · 0.00
ROE
0.1%▼
2025 · 2.9%
ROA
0.1%▼
2025 · 2.9%
Debt ≤ 1 year
€2,933▲
2025 · €1,912
Income taxes
€1,204▼
2025 · €13,746
A ratio outside any meaningful range has been withheld (balance sheet total €1.7m, equity €1.7m).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6,180 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,104 | €10,646 | €5,915 | €1,484 | ▼ 74.9% |
| Other operating charges640/8 | €2,318 | €3,041 | €4,695 | €0 | ▼ 100% |
| Gross operating margin9900 | -€3,077 | €192 | €2,170 | €1,498 | ▼ 31.0% |
| Operating profit (loss)9901 | -€10,498 | -€13,494 | -€8,440 | €13 | - |
| Financial income75/76B | €107 | €9,501 | €71,358 | €3,277 | ▼ 95.4% |
| Recurring financial income75 | €107 | €9,501 | €44,267 | €3,277 | ▼ 92.6% |
| Non-recurring financial income76B | - | - | €27,090 | €0 | ▼ 100% |
| Financial charges65/66B | €16 | €979 | €528 | €0 | ▼ 100% |
| Recurring financial charges65 | €16 | €979 | €528 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€10,407 | -€4,972 | €62,389 | €3,291 | ▼ 94.7% |
| Income taxes67/77 | €32 | €0 | €13,746 | €1,204 | ▼ 91.2% |
| Profit (loss) for the period9904 | -€10,440 | -€4,972 | €48,643 | €2,087 | ▼ 95.7% |
| Profit (loss) for the period to be appropriated9905 | -€10,440 | -€4,972 | €48,643 | €2,087 | ▼ 95.7% |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.2m | €1.2m | €1.7m | €1.7m | ▲ 0.2% |
| Fixed assets21/28 | €0.2m | €0.1m | €0.6m | €0.6m | ▼ 0.3% |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.6m | €0.6m | ▼ 0.3% |
| Land and buildings22 | €0.1m | €0.1m | €0.6m | €0.6m | ▼ 0.3% |
| Furniture and vehicles24 | €0.01m | €0.007m | €0 | - | - |
| Financial fixed assets28 | €0.01m | €0 | - | - | - |
| Current assets29/58 | €1.0m | €1.0m | €1.1m | €1.1m | ▲ 0.4% |
| Amounts receivable within one year40/41 | €0.002m | €0.003m | €218 | €218 | = |
| Other amounts receivable41 | €0.002m | €0.003m | €218 | €218 | = |
| Current investments50/53 | €0.3m | €1.0m | €1.0m | €1.0m | ▲ 0.3% |
| Cash at bank and in hand54/58 | €0.7m | €0.04m | €0.1m | €0.1m | ▲ 1.9% |
| Deferred charges and accrued income490/1 | €0.001m | €0.001m | €0 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.7m | €1.7m | ▲ 0.2% |
| Equity10/15 | €1.2m | €1.2m | €1.7m | €1.7m | ▲ 0.1% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Revaluation surpluses12 | - | - | €0.4m | €0.4m | = |
| Reserves13 | €0.9m | €0.9m | €0.9m | €0.9m | ▲ 0.2% |
| Non-distributable reserves130/1 | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Reserves not available under the articles1311 | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Distributable reserves133 | €0.8m | €0.8m | €0.9m | €0.9m | ▲ 0.2% |
| Profit (loss) carried forward14 | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Amounts payable17/49 | - | €55 | €0.002m | €0.003m | ▲ 53.4% |
| Amounts payable within one year42/48 | - | €55 | €0.002m | €0.003m | ▲ 53.4% |
| Trade debts44 | - | €55 | €0 | - | - |
| Suppliers440/4 | - | €55 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | €0.002m | €0.003m | ▲ 53.4% |
| Taxes450/3 | - | - | €0.002m | €0.003m | ▲ 53.4% |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,440 | -€4,972 | €48,643 | €2,087 | ▼ 95.7% |
| + Depreciation and write-downs630 | €5,104 | €10,646 | €5,915 | €1,484 | ▼ 74.9% |
| Operating cash flow (approximation) | -€5,335 | €5,673 | €54,558 | €3,571 | ▼ 93.5% |
| Investment in fixed assets (approximation) | - | €12,500 | -€429,585 | €0 | - |
| Change in cash | - | -€666,046 | €61,845 | €1,926 | ▼ 96.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.