RAAMWERK
ActiveRAAMWERK has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €194k and a net result of €26k. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 34% of 7331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73=
Solvency53▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.95 in 2024; short-term debt: 16.2% and cash: 5.2% of total assets), but 72.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
27.8%
Return on assets
3.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
14 d early
2023
6 d late
2022
16 d late
2021
23 d late
2020
31 d late
2019
67 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€194k▲ 15.5%
2024 · €168k
2018: €54k
2019: €55k
2020: €89k
2021: €124k
2022: €143k
2023: €152k
2024: €168k
2018 → 2025
Total assets
€697k▲ 44.0%
2024 · €484k
2018: €149k
2019: €177k
2020: €233k
2021: €254k
2022: €297k
2023: €331k
2024: €484k
2018 → 2025
Net result
€26k▲ 62.7%
2024 · €16k
2018: €29k
2019: €1k
2020: €47k
2021: €48k
2022: €19k
2023: €28k
2024: €16k
2018 → 2025
Working capital
€75k▼ 6.7%
2024 · €81k
2018: €43k
2019: €38k
2020: €74k
2021: €86k
2022: €62k
2023: €111k
2024: €81k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€124k-€143k▲ 15.3%€152k▲ 6.6%€168k▲ 10.5%€194k▲ 15.5%
Operating result€64k-€26k▼ 59.6%€44k▲ 70.0%€35k▼ 19.6%€50k▲ 41.4%
Net result€48k-€19k▼ 60.5%€28k▲ 46.4%€16k▼ 42.4%€26k▲ 62.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 41% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €697k
Fixed assets
€509k▲ 59.9%
Current assets
€188k▲ 13.6%
Equity and liabilities €697k
Equity
€194k▲ 15.5%
Debt
€503k▲ 59.2%
The debt ratio rises from 65.3% to 72.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€92k▼
2024 · €105k
Cash flow
€68k▼
2024 · €86k
Solvency
27.8%▼
2024 · 34.7%
Current ratio
1.67▼
2024 · 1.95
Quick ratio
1.67▼
2024 · 1.95
Debt / equity
2.59▲
2024 · 1.88
ROE
13.4%▲
2024 · 9.5%
ROA
3.7%▲
2024 · 3.3%
Interest coverage
6.37▼
2024 · 8.60
Debt
€503k▲
2024 · €316k
Debt ≤ 1 year
€113k▲
2024 · €85k
Debt > 1 year
€390k▲
2024 · €231k
Income taxes
€10k▲
2024 · €7k
Staff costs
€102k▲
2024 · €51k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€484k€697k▲
Fixed assets21/28€318k€509k▲
Tangible fixed assets22/27€318k€509k▲
Land and buildings22€215k€399k▲
Plant, machinery and equipment23€1k€5k▲
Furniture and vehicles24€102k€104k▲
Financial fixed assets28€150€150=
Current assets29/58€166k€188k▲
Amounts receivable within one year40/41€118k€138k▲
Trade receivables40€97k€90k▼
Other amounts receivable41€21k€48k▲
Cash at bank and in hand54/58€34k€36k▲
Deferred charges and accrued income490/1€14k€14k▲
Equity and liabilities
Total equity and liabilities10/49€484k€697k▲
Equity10/15€168k€194k▲
Contributions10/11€6k€6k=
Reserves13€162k€188k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€160k€186k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€316k€503k▲
Amounts payable after more than one year17€231k€390k▲
Financial debts170/4€231k€390k▲
Amounts payable within one year42/48€85k€113k▲
Current portion of amounts payable after more than one year42€34k€49k▲
Trade debts44€12k€18k▲
Suppliers440/4€12k€18k▲
Taxes, remuneration and social security45€31k€47k▲
Taxes450/3€27k€47k▲
Remuneration and social security454/9€4k€0▼
Other amounts payable47/48€7k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€51k€102k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€42k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€159k€197k▲
Operating profit (loss)9901€35k€50k▲
Financial income75/76B€35€323▲
Recurring financial income75€35€323▲
Financial charges65/66B€12k€14k▲
Recurring financial charges65€12k€14k▲
Profit (loss) for the period before taxes9903€23k€36k▲
Income taxes67/77€7k€10k▲
Profit (loss) for the period9904€16k€26k▲
Profit (loss) for the period to be appropriated9905€16k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€26k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€0-
Transfer to equity691/2€16k€26k▲
To other reserves6921€16k€26k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (12 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
31-12
Financial
Equity above €150kEq €152k ▲6.6%
6 profitable years in a row build equity to €152k.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Highest result since 2018net €48k ▲2.9%
Net result €48k, the highest in the series.
31-12
Financial
Equity above €100kEq €124k ▲39.4%
4 profitable years in a row build equity to €124k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
31-12
Financial
Weakest financial yearnet €1k ▼95.2%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 114 days late
Financial milestoneNBB 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wichelen · 1 establishment unit since 2011
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.
Molenstraat 59260 WichelenGround area
403 m²
Building footprint
156 m²
Volume, LiDAR
289 m³
Parcel 42018C0037/04S000, Flanders · tallest building 6.0 m. Linked by address, not a title deed.
1 establishment unit
RAAMWERK
since 20112.265.261.388
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42018C0037/04S000 | Flanders | 403 m² | 1 · 156 m² | 6.0 m |
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.
Similar companies · same sector, comparable size
BOUWEN MET ONS
BE 0847.248.379
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THN
BE 0546.669.828
Schaarbeek · Eq €195k
KENIS AUTOMATISATION
BE 0719.796.418
Peer · Eq €196k
B & G
BE 0809.573.876
Genk · Eq €197k
MARIO GEERINCKX
BE 0880.787.615
Westerlo · Eq €198k
Of 2,448 companies in sector 41003 we hold annual accounts for 1,055. 717 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-2011
Fiscal year end31-12
Abbreviation NL
RMWRK
Activities, NACEBEL
41003General construction of other non-residential buildings
43240Other construction installation
43299Specialised construction activities
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.