RAAU
ActiveSummary
RAAU has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86k and a net result of €-6k. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 90% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-17
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 10.64 against 23.85 in 2024; short-term debt: 8.5% and cash: 46.8% of total assets), and 8.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
91.5%
Return on assets
-6%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year €-6k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
2 d early
2023
5 d early
2022
35 d early
2021
61 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€86k▼ 6.2%
2024 · €91k
2021: €60klowest in 5 years
2022: €81k▲ +36.8% vs 2021
2023: €93k▲ +13.7% vs 2022highest in 5 years
2024: €91k▼ -1.5% vs 2023
2025: €86k▼ -6.2% vs 2024
2021 → 2025
Total assets
€93k▼ 1.6%
2024 · €95k
2021: €91klowest in 5 years
2022: €98k▲ +7.7% vs 2021
2023: €103k▲ +4.9% vs 2022highest in 5 years
2024: €95k▼ -7.4% vs 2023
2025: €93k▼ -1.6% vs 2024
2021 → 2025
Net result
€-6k▼ 305%
2024 · €-1k
2021: €57khighest in 5 years
2022: €22k▼ -61.2% vs 2021
2023: €11k▼ -49.2% vs 2022
2024: €-1k▼ -113% vs 2023
2025: €-6k▼ -305% vs 2024lowest in 5 years
2021 → 2025
Working capital
€77k▼ 12.6%
2024 · €88k
2021: €58klowest in 5 years
2022: €78k▲ +33.9% vs 2021
2023: €88k▲ +12.8% vs 2022
2024: €88k▲ +0.1% vs 2023highest in 5 years
2025: €77k▼ -12.6% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€81k▲ 36.8%€93k▲ 13.7%€91k▼ 1.5%€86k▼ 6.2%
2021: €60klowest in 5 years
2022: €81k▲ +36.8% vs 2021
2023: €93k▲ +13.7% vs 2022highest in 5 years
2024: €91k▼ -1.5% vs 2023
2025: €86k▼ -6.2% vs 2024
Operating result€81k-€28k▼ 65.6%€14k▼ 48.6%€-1k€-7k▼ 551%
2021: €81khighest in 5 years
2022: €28k▼ -65.6% vs 2021
2023: €14k▼ -48.6% vs 2022
2024: €-1k▼ -107% vs 2023
2025: €-7k▼ -551% vs 2024lowest in 5 years
Net result€57k-€22k▼ 61.2%€11k▼ 49.2%€-1k€-6k▼ 305%
2021: €57khighest in 5 years
2022: €22k▼ -61.2% vs 2021
2023: €11k▼ -49.2% vs 2022
2024: €-1k▼ -113% vs 2023
2025: €-6k▼ -305% vs 2024lowest in 5 years
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 €7k in 2025 against €1k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93k
Fixed assets
€9k ▲ 153%
Current assets
€85k ▼ 7.6%
Equity and liabilities €93k
Equity
€86k ▼ 6.2%
Debt
€8k ▲ 107%
Debt's share of the balance-sheet total rises from 4.0% to 8.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-5k▼
2024 · €387
Cash flow
€-4k▼
2024 · €57
Current ratio
10.64▼
2024 · 23.85
Debt to equity
0.09▲
2024 · 0.04
ROE
-6.6%▼
2024 · -1.5%
ROA
-6.0%▼
2024 · -1.5%
Interest coverage
-36.07▼
2024 · 1.34
Debt ≤ 1 year
€8k▲
2024 · €4k
Income taxes
€0▼
2024 · €216
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€95k€93k▼
Fixed assets21/28€4k€9k▲
Tangible fixed assets22/27€4k€9k▲
Plant, machinery and equipment23€1k€837▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26-€7k
Current assets29/58€91k€85k▼
Amounts receivable within one year40/41€4k€41k▲
Trade receivables40€0€6k▲
Other amounts receivable41€4k€35k▲
Cash at bank and in hand54/58€86k€44k▼
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€95k€93k▼
Equity10/15€91k€86k▼
Contributions10/11€3k€3k=
Reserves13€88k€83k▼
Distributable reserves133€88k€83k▼
Amounts payable17/49€4k€8k▲
Amounts payable within one year42/48€4k€8k▲
Financial debts43€213€16▼
Credit institutions430/8€213€16▼
Trade debts44€1k€317▼
Suppliers440/4€1k€317▼
Taxes, remuneration and social security45€2k€8k▲
Taxes450/3€2k€5k▲
Remuneration and social security454/9-€3k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€1k€4k▲
Gross operating margin9900€2k€-2k▼
Operating profit (loss)9901€-1k€-7k▼
Financial income75/76B€175€1k▲
Recurring financial income75€175€1k▲
Financial charges65/66B€288€150▼
Recurring financial charges65€288€150▼
Profit (loss) for the period before taxes9903€-1k€-6k▼
Income taxes67/77€216€0▼
Profit (loss) for the period9904€-1k€-6k▼
Profit (loss) for the period to be appropriated9905€-1k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€-6k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€1k€6k▲
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €886 | €421 | €1k | €1k | €2k | ▲ 5.8% |
| Other operating charges640/8 | - | €888 | €348 | €1k | €4k | ▲ 188% |
| Gross operating margin9900 | €84k | €29k | €16k | €2k | €-2k | ▼ 191% |
| Operating profit (loss)9901 | €81k | €28k | €14k | €-1k | €-7k | ▼ 551% |
| Financial income75/76B | - | €178 | €144 | €175 | €1k | ▲ 725% |
| Recurring financial income75 | €0 | €178 | €144 | €175 | €1k | ▲ 725% |
| Financial charges65/66B | - | €452 | €250 | €288 | €150 | ▼ 48.0% |
| Recurring financial charges65 | €299 | €452 | €250 | €288 | €150 | ▼ 48.0% |
| Profit (loss) for the period before taxes9903 | €81k | €28k | €14k | €-1k | €-6k | ▼ 379% |
| Income taxes67/77 | €25k | €6k | €3k | €216 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €57k | €22k | €11k | €-1k | €-6k | ▼ 305% |
| Profit (loss) for the period to be appropriated9905 | €57k | €22k | €11k | €-1k | €-6k | ▼ 305% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91k | €98k | €103k | €95k | €93k | ▼ 1.6% |
| Fixed assets21/28 | €2k | €4k | €5k | €4k | €9k | ▲ 153% |
| Tangible fixed assets22/27 | €2k | €4k | €5k | €4k | €9k | ▲ 153% |
| Plant, machinery and equipment23 | - | - | €2k | €1k | €837 | ▼ 38.5% |
| Furniture and vehicles24 | - | €4k | €3k | €2k | €1k | ▼ 32.5% |
| Other tangible fixed assets26 | - | - | - | - | €7k | - |
| Current assets29/58 | €89k | €94k | €98k | €91k | €85k | ▼ 7.6% |
| Amounts receivable within one year40/41 | €20k | €21k | €22k | €4k | €41k | ▲ 873% |
| Trade receivables40 | - | €19k | €20k | €0 | €6k | - |
| Other amounts receivable41 | - | €2k | €1k | €4k | €35k | ▲ 731% |
| Cash at bank and in hand54/58 | €68k | €73k | €76k | €86k | €44k | ▼ 49.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91k | €98k | €103k | €95k | €93k | ▼ 1.6% |
| Equity10/15 | €60k | €81k | €93k | €91k | €86k | ▼ 6.2% |
| Contributions10/11 | - | €3k | €3k | €3k | €3k | = |
| Reserves13 | - | - | €90k | €88k | €83k | ▼ 6.4% |
| Distributable reserves133 | - | - | €90k | €88k | €83k | ▼ 6.4% |
| Profit (loss) carried forward14 | €57k | €78k | - | - | - | - |
| Amounts payable17/49 | €31k | €16k | €10k | €4k | €8k | ▲ 107% |
| Amounts payable within one year42/48 | €31k | €16k | €10k | €4k | €8k | ▲ 107% |
| Financial debts43 | - | - | - | €213 | €16 | ▼ 92.4% |
| Credit institutions430/8 | - | - | - | €213 | €16 | ▼ 92.4% |
| Trade debts44 | €887 | €2k | €2k | €1k | €317 | ▼ 75.0% |
| Suppliers440/4 | - | €2k | €2k | €1k | €317 | ▼ 75.0% |
| Taxes, remuneration and social security45 | - | €14k | €8k | €2k | €8k | ▲ 223% |
| Taxes450/3 | - | €14k | €8k | €2k | €5k | ▲ 94.1% |
| Remuneration and social security454/9 | - | - | - | - | €3k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57k | €22k | €11k | €-1k | €-6k | ▼ 305% |
| + Depreciation and write-downs630 | €886 | €421 | €1k | €1k | €2k | ▲ 5.8% |
| Operating cash flow (approximation) | €57k | €22k | €12k | €57 | €-4k | ▼ 7,304% |
| Investment in fixed assets (approximation) | - | €-3k | €-2k | €0 | €-7k | - |
| Change in cash | - | €5k | €2k | €10k | €-42k | ▼ 514% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 23.85
Current ratio from 9.77 to 23.85; short-term debt falls from €10k to €4k.
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 5.77
Current ratio from 2.86 to 5.77; short-term debt falls from €31k to €16k.
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Schaarbeek · 1 establishment unit since 2019
Ground area
156 m²
Building footprint
86 m²
Volume, LiDAR
817 m³
Parcel 21905C0089/00M010, Brussels · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
RAAU
since 20192.294.442.255
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0089/00M010 | Brussels | 156 m² | 1 · 86 m² | 13.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,398 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-10-2019
Fiscal year end31-03
Activities, NACEBEL 2025
62900Other information technology and computer services
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.