RABAEY
ActiveSummary
RABAEY has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,008) and a net result of €131,112. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 8% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+1
Solvency25▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.64 against 1.05 in 2024; short-term debt: 22.2% and cash: 15.9% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 5046 sector peers (2025).
NBB · sector comparisonPosition among 5046 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-12-2025, 139 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
139 d early
2024
54 d early
2023
on the day
2021
31 d late
2020
16 d late
2019
27 d late
2018
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€131,112▲ 13.4%
2024 · €115,646
Working capital
€119,436▲ 1,082%
2024 · €10,106
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202320242025
Operating result€14,622▲ 411%-€12,433-€18,775-€139,163€152,799▲ 9.8%
Net result€12,695within the sector's middle half▲ 1,071%-€36,375below the sector's middle half-€58,942below the sector's middle half-€115,646above the sector's middle half€131,112within the sector's middle half▲ 13.4%
Equity-€155,448below the sector's middle half▲ 7.6%-€191,823below the sector's middle half▼ 23.4%-€250,766below the sector's middle half--€135,120below the sector's middle half▲ 46.1%-€4,008below the sector's middle half▲ 97.0%
Total assets€30,553below the sector's middle half▲ 37.2%€752,745above the sector's middle half▲ 2,364%€742,694above the sector's middle half-€780,100above the sector's middle half▲ 5.0%€840,965below the sector's middle half▲ 7.8%
Debt€186,001▼ 2.3%€944,569▲ 408%€993,459-€915,220▼ 7.9%€844,973▼ 7.7%
Working capital-€14,557below the sector's middle half▼ 52.9%-€53,946below the sector's middle half▼ 271%-€97,385below the sector's middle half-€10,106within the sector's middle half€119,436below the sector's middle half▲ 1,082%
Solvency-508.8%below the sector's middle half▲ 246.3pp-25.5%below the sector's middle half▲ 483.3pp-33.8%below the sector's middle half--17.3%below the sector's middle half▲ 16.4pp-0.5%below the sector's middle half▲ 16.8pp
Current ratio0.39below the sector's middle half▲ 0.170.43below the sector's middle half▲ 0.040.50below the sector's middle half-1.05within the sector's middle half▲ 0.561.64within the sector's middle half▲ 0.58
Return on assets (ROA)41.6%above the sector's middle half▲ 36.7pp-4.8%below the sector's middle half▼ 46.4pp-7.9%below the sector's middle half-14.8%above the sector's middle half▲ 22.8pp15.6%above the sector's middle half▲ 0.8pp
Staff (FTE)1.33.3-1.8▼ 45.5%3.4below the sector's middle half▲ 88.9%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €840,965
Fixed assets
€534,592 ▼ 8.5%
Current assets
€306,373 ▲ 56.2%
Key figures and ratios
EBITDA
€231,897▲
2024 · €216,089
Cash flow
€210,210▲
2024 · €192,572
Quick ratio
1.50▲
2024 · 0.95
Interest coverage
9.83▲
2024 · 8.21
Debt ≤ 1 year
€186,936▲
2024 · €185,990
Debt > 1 year
€654,020▼
2024 · €725,354
Income taxes
€4,980▲
2024 · €768
Staff costs
€99,588▲
2024 · €90,924
A ratio outside any meaningful range has been withheld (balance sheet total €840,965, equity -€4,008).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,798 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,029 | €452 | €0 | €95 | - |
| Remuneration, social security and pensions62 | - | €26,008 | €230,941 | €90,924 | €99,588 | ▲ 9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,399 | €105,877 | €129,357 | €76,926 | €79,098 | ▲ 2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€346 | €0 | - | - | - |
| Other operating charges640/8 | - | €3,215 | €18,292 | €9,815 | €11,607 | ▲ 18.3% |
| Non-recurring operating charges66A | - | - | €3,526 | €2,248 | €797 | ▼ 64.5% |
| Gross operating margin9900 | €17,392 | €122,321 | €363,342 | €319,077 | €343,890 | ▲ 7.8% |
| Operating profit (loss)9901 | €14,622 | -€12,433 | -€18,775 | €139,163 | €152,799 | ▲ 9.8% |
| Financial income75/76B | - | €491 | €672 | €3,566 | €6,874 | ▲ 92.8% |
| Recurring financial income75 | €1 | €491 | €672 | €3,566 | €6,874 | ▲ 92.8% |
| Financial charges65/66B | - | €23,959 | €39,809 | €26,314 | €23,582 | ▼ 10.4% |
| Recurring financial charges65 | €1,473 | €23,959 | €39,809 | €26,314 | €23,582 | ▼ 10.4% |
| Profit (loss) for the period before taxes9903 | €13,150 | -€35,901 | -€57,912 | €116,414 | €136,092 | ▲ 16.9% |
| Income taxes67/77 | €454 | €474 | €1,030 | €768 | €4,980 | ▲ 548% |
| Profit (loss) for the period9904 | €12,695 | -€36,375 | -€58,942 | €115,646 | €131,112 | ▲ 13.4% |
| Profit (loss) for the period to be appropriated9905 | €12,695 | -€36,375 | -€58,942 | €115,646 | €131,112 | ▲ 13.4% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,553 | €752,745 | €742,694 | €780,100 | €840,965 | ▲ 7.8% |
| Fixed assets21/28 | €21,133 | €711,385 | €646,382 | €584,003 | €534,592 | ▼ 8.5% |
| Intangible fixed assets21 | - | €21,712 | €12,973 | €7,973 | €2,973 | ▼ 62.7% |
| Tangible fixed assets22/27 | €19,515 | €688,054 | €631,791 | €574,413 | €530,002 | ▼ 7.7% |
| Land and buildings22 | - | €418,567 | €394,352 | €385,352 | €370,982 | ▼ 3.7% |
| Plant, machinery and equipment23 | - | €249,915 | €198,861 | €158,339 | €136,154 | ▼ 14.0% |
| Furniture and vehicles24 | - | €9,257 | €30,194 | €23,444 | €16,694 | ▼ 28.8% |
| Other tangible fixed assets26 | - | €10,315 | €8,383 | €7,277 | €6,172 | ▼ 15.2% |
| Financial fixed assets28 | €1,618 | €1,618 | €1,618 | €1,618 | €1,618 | = |
| Current assets29/58 | €9,420 | €41,361 | €96,312 | €196,096 | €306,373 | ▲ 56.2% |
| Amounts receivable after more than one year29 | - | - | €19,111 | €82,084 | €140,070 | ▲ 70.6% |
| Other amounts receivable291 | - | - | €19,111 | €82,084 | €140,070 | ▲ 70.6% |
| Stocks and contracts in progress3 | €1,183 | €13,095 | €26,000 | €20,105 | €25,160 | ▲ 25.1% |
| Stocks30/36 | - | €13,095 | €26,000 | €20,105 | €25,160 | ▲ 25.1% |
| Amounts receivable within one year40/41 | €6,484 | €15,931 | €14,786 | €12,716 | €3,410 | ▼ 73.2% |
| Trade receivables40 | - | €5,841 | €9,676 | €4,228 | €2,374 | ▼ 43.8% |
| Other amounts receivable41 | - | €10,089 | €5,110 | €8,488 | €1,036 | ▼ 87.8% |
| Cash at bank and in hand54/58 | €1,509 | €11,766 | €34,464 | €77,464 | €134,110 | ▲ 73.1% |
| Deferred charges and accrued income490/1 | - | €569 | €1,952 | €3,727 | €3,622 | ▼ 2.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,553 | €752,745 | €742,694 | €780,100 | €840,965 | ▲ 7.8% |
| Equity10/15 | -€155,448 | -€191,823 | -€250,766 | -€135,120 | -€4,008 | ▲ 97.0% |
| Contributions10/11 | - | €51,880 | €51,880 | €51,880 | €51,880 | = |
| Profit (loss) carried forward14 | -€207,328 | -€243,703 | -€302,646 | -€187,000 | -€55,888 | ▲ 70.1% |
| Amounts payable17/49 | €186,001 | €944,569 | €993,459 | €915,220 | €844,973 | ▼ 7.7% |
| Amounts payable after more than one year17 | €162,025 | €849,262 | €794,141 | €725,354 | €654,020 | ▼ 9.8% |
| Financial debts170/4 | - | €849,262 | €794,141 | €725,354 | €654,020 | ▼ 9.8% |
| Amounts payable within one year42/48 | €23,976 | €95,306 | €193,697 | €185,990 | €186,936 | ▲ 0.5% |
| Current portion of amounts payable after more than one year42 | - | €50,361 | €66,819 | €69,291 | €71,863 | ▲ 3.7% |
| Financial debts43 | - | €3,024 | €5,085 | €0 | - | - |
| Credit institutions430/8 | - | €3,024 | €5,085 | €0 | - | - |
| Trade debts44 | €15,888 | €33,029 | €92,479 | €98,079 | €88,259 | ▼ 10.0% |
| Suppliers440/4 | - | €33,029 | €92,479 | €98,079 | €88,259 | ▼ 10.0% |
| Taxes, remuneration and social security45 | - | €7,937 | €26,458 | €14,880 | €22,498 | ▲ 51.2% |
| Taxes450/3 | - | €3,640 | €6,348 | €5,705 | €9,576 | ▲ 67.9% |
| Remuneration and social security454/9 | - | €4,297 | €20,111 | €9,175 | €12,922 | ▲ 40.8% |
| Other amounts payable47/48 | - | €955 | €2,855 | €3,740 | €4,317 | ▲ 15.4% |
| Accrued charges and deferred income492/3 | - | - | €5,621 | €3,876 | €4,017 | ▲ 3.6% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,695 | -€36,375 | -€58,942 | €115,646 | €131,112 | ▲ 13.4% |
| + Depreciation and write-downs630 | €5,399 | €105,877 | €129,357 | €76,926 | €79,098 | ▲ 2.8% |
| Operating cash flow (approximation) | €18,094 | €69,502 | €70,415 | €192,572 | €210,210 | ▲ 9.2% |
| Investment in fixed assets (approximation) | - | -€796,128 | - | -€14,548 | -€29,687 | ▼ 104% |
| Change in cash | - | €10,258 | - | €43,001 | €56,646 | ▲ 31.7% |
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
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-09
Financial
Highest result since 2018net €131,112 ▲13.4%
Operating result €152,799, net result €131,112, both a record.
07-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €115,646
Net result €115,646 after 2 loss-making years.
30-09
Financial
Liquidity doublescurrent ratio 1.05
Current ratio from 0.50 to 1.05; short-term debt falls from €193,697 to €185,990.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€58,942
Net result drops to -€58,942, the lowest in the series; recovery starts the following year.
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Back to profitnet €1,085
Net result €1,085 after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
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, Mouscron · 2 establishment units since 1987
Ground area
1,650 m²
Building footprint
289 m²
Volume, LiDAR
2,214 m³
2 parcels, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
RABAEY
since 19872.029.623.149
Boucherie Peter
since 20212.318.233.880
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54003T0511/00_000 | Wallonia | 1,022 m² | 1 · 167 m² | 11.0 m · 3 fl. |
| 54006M0622/00C000 | Wallonia | 628 m² | 1 · 122 m² | 8.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMouscron/Moeskroen2.318.233.880
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Of 1,638 companies in sector 46170 we hold annual accounts for 669. 122 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-06-1987
Fiscal year end30-09
Activities, NACEBEL 2025
46170Agents in the wholesale of food, beverages and tobacco
47221Retail sale of meat and meat products, excluding game and poultry
10111Manufacture of food products
46321Wholesale of meat and meat products, excluding game and poultry
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431521920
Also
9925:BE0431521920
Registered
10-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.