Debts
€13.7m ▲ 52.4%
Debts rose by €4.7m in 2025.
RAAKZAAM
Lifetime
19 annual accounts with figures on one time axis, 20 filings since 2006peak €2.4m (2025)
€2.4m▲ 11.2%
lowest -€172,544 (2018)
€693,562▲ 9.3%
peak €9.4m (2025)
€9.4m▲ 7.6%
€13.7m▲ 52.4%
peak 192.5 FTE (2025)
192.5 FTE▲ 4.7%
Board21 names since 2018all names
11 directorsVAN ACKER Erik and 10 others
Documentsfilings and deeds
08-07-202623 days before the deadline
2025abbreviated format
2 directors appointed, 1 resignation 15-01Debts from €9.0m to €13.7m4 establishments registeredInvestments €6.0mCash from €2.4m to €1.1m
Key points
from the 2025 annual accountsInvestments
€6.1m 14.5 × depreciation
Green is investment, beige is depreciation.
Staff
245 employees on 31-12-2025
In 2025, 202 people joined and 202 left.
Payment terms
279 days to suppliers
RAAKZAAM pays its suppliers 163 days later than in 2024. Customers pay 1 day earlier.
Filings
20 annual accounts since 2006
The last five annual accounts were filed 23 to 41 days before the end of the period.
Public support
€16.1m awarded from 2022 to 2025
Flemish support, mostly Persoonsvolgend budget voor personen met een handicap (PVB).
Checked score
94
Excellent
Financially stronger than 55% of medium-sized companies in membership organisations (NACE 94)
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 75 companies (NACE 94, 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: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged 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 12-2025
02-2026: < 0.1%● unchanged vs 01-2026lowest value
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%● unchanged vs 07-2026highest value
09-2026: < 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%● unchanged vs 09-2026highest value
11-2026: < 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.61, cash €1.1m, halved
lowers risk
Legal form: non-profit association
Sector: Activities of membership organisations (NACE 94)
Size: turnover €2.4m, 192.5 FTE, total assets €23.1m
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 94, medium-sized). It does better than 35% of them on solvency, 18% on liquidity, 87% on profitability and 79% on growth.
The bankruptcy probability was computed on 06-11-2026 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 RAAKZAAM 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 RAAKZAAM 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 RAAKZAAM. 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 €240,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.61 (2.05 in 2024), above the usual 1.5. Short-term debt is 21.3% and cash 4.7% of total assets. However, 59.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 days early
2024
31 days early
2023
41 days early
2022
39 days early
2021
26 days early
2020
25 days early
2019
17 days 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 29 days before the deadline. In the sector (NACE 94), the median for financial year 2024 was 29 days before the deadline, and 25% 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 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0415298669
Environmental permit granted
Verbouwen / Wijzigen Infrastructuur · Sint-Niklaas
Resignation: Dirk Heyrman (director)
Board meeting of 15-12-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RAAKZAAM Sint-Niklaas | €2.4m | 24.6% | 40.6% | 192.5 |
| DOKTERS VAN DE WERELD - MEDECINS DU MONDE Saint-Josse-ten-Noode | - | - | 9.1% | 153.9 |
| Kom op tegen Kanker Saint-Josse-ten-Noode | €4.0m | - | 42.1% | 93.1 |
| PREMED, Preventie en Bescherming Leuven | €8.1m | -2.1% | 76.2% | 52.1 |
| Alzheimer Belgique Etterbeek | - | - | 96.7% | - |
| Consortium Européen de l'Hémophilie Brussels | - | - | 83.6% | - |
| Fonds des Affections Respiratoires Brussels | - | - | 87.6% | 35 |
Grey: the largest companies of the sector (membership organisations (NACE 94)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as RAAKZAAM: activities of membership organisations (NACE 94993). They are comparable in size and age: total assets between €2.4m and €104m, founded between 1966 and 2007.
Official details
Source: KBO- Status
- Active since 07-07-1975Normal situation
- Activity
- Activities of membership organisationsNACE 94993and 2 others
- Joint committees
- 319.01Educational and residential institutions
- 329.01Socio-cultural sector · annual accounts 2025
- Establishment units
- 2.154.899.9369100 Sint-Niklaas, since 05-07-2006
- 2.347.178.5819111 Sint-Niklaas, since 01-07-2023and 10 others
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €17.1m▲ 2.0%
- €23.1m▲ 30.3%
- Employeeson 31-12-2025
- 245=
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Insights on RAAKZAAM
RAAKZAAM has existed since 1975. Turnover grew from €632,839 in 2007 to €2.4m in 2025 and staff from 72 to 192.5 full-time equivalents.
Turnover has grown every year since 2019. Solvency fell in 2025 from 49.1% to 40.6% because of higher long-term debts.
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 RAAKZAAM
- What is the company number of RAAKZAAM?
- The company number of RAAKZAAM is 0415.298.669. The VAT number is the same number with BE in front: BE 0415.298.669.
- Where is RAAKZAAM based?
- The registered office is at Onze-Lieve-Vrouwplein 31, 9100 Sint-Niklaas.Company details
- What does RAAKZAAM do?
- According to the KBO register, the main activity is activities of membership organisations (NACE 94993).
- What is the legal form of RAAKZAAM?
- RAAKZAAM is a non-profit association (VZW).
- When was RAAKZAAM founded?
- RAAKZAAM was founded on 07-07-1975.
- Is RAAKZAAM still active?
- Yes, RAAKZAAM is an active enterprise in the KBO register.
- How many employees does RAAKZAAM have?
- RAAKZAAM had an average of 192.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does RAAKZAAM fall under?
- In its 2025 annual accounts, RAAKZAAM states joint committees 319.01 (Educational and residential institutions) and 329.01 (Socio-cultural sector).
- What is the turnover of RAAKZAAM?
- The turnover of RAAKZAAM was €2.4m in financial year 2025, according to the filed annual accounts.
- Is RAAKZAAM profitable?
- In financial year 2025, RAAKZAAM made a profit of €693,562.
- Where can I find the annual accounts of RAAKZAAM?
- RAAKZAAM filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RAAKZAAM due?
- RAAKZAAM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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