RABAS
ActiveSummary
RABAS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €474,408 and a net result of €76,346. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 65% of 317 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+6
Solvency87▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.85 against 0.77 in 2024; short-term debt: 37.7% and cash: 21.3% of total assets), and 37.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Forestry and logging (NACE 02)
about 55% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
62.3%
Return on assets
10%
Age of the figures
12 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €474,408
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 22-04-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
33 d early
2023
26 d early
2022
32 d early
2021
45 d early
2020
2 d early
2019
29 d late
← 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 17 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% 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, micro schema
In the rankings
#4 company by total assets in Flemish Brabant, Forestry sector#4 company by equity in Flemish Brabant, Forestry sector#4 oldest company in Flemish Brabant, Forestry sector
Equity
€474,408▲ 19.2%
2024 · €398,062
Total assets
€761,654▲ 8.5%
2024 · €702,291
Net result
€76,346▲ 119%
2024 · €34,783
Working capital
-€43,139▲ 37.6%
2024 · -€69,166
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 02, Forestry and logging, 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
Line20212022202320242025
Operating result-€49,961▲ 24.5%€64,341€72,913▲ 13.3%€52,017▼ 28.7%€107,077▲ 106%
Net result-€50,062below the sector's middle half▲ 23.7%€64,282above the sector's middle half€70,096above the sector's middle half▲ 9.0%€34,783above the sector's middle half▼ 50.4%€76,346above the sector's middle half▲ 119%
Equity-€6,416below the sector's middle half€57,865within the sector's middle half€127,962within the sector's middle half▲ 121%€398,062above the sector's middle half▲ 211%€474,408above the sector's middle half▲ 19.2%
Total assets€230,280within the sector's middle half▼ 10.9%€341,159within the sector's middle half▲ 48.1%€404,481within the sector's middle half▲ 18.6%€702,291within the sector's middle half▲ 73.6%€761,654above the sector's middle half▲ 8.5%
Debt€236,697▲ 10.2%€283,293▲ 19.7%€276,520▼ 2.4%€304,229▲ 10.0%€287,245▼ 5.6%
Working capital-€208,406below the sector's middle half▼ 17.1%-€122,855below the sector's middle half▲ 41.1%-€111,088below the sector's middle half▲ 9.6%-€69,166below the sector's middle half▲ 37.7%-€43,139below the sector's middle half▲ 37.6%
Solvency-2.8%below the sector's middle half▼ 19.7pp17.0%below the sector's middle half▲ 19.7pp31.6%within the sector's middle half▲ 14.7pp56.7%within the sector's middle half▲ 25.0pp62.3%within the sector's middle half▲ 5.6pp
Current ratio0.12below the sector's middle half▼ 0.050.57below the sector's middle half▲ 0.450.60below the sector's middle half▲ 0.030.77within the sector's middle half▲ 0.170.85within the sector's middle half▲ 0.08
Return on assets (ROA)-21.7%below the sector's middle half▲ 3.7pp18.8%above the sector's middle half▲ 40.6pp17.3%above the sector's middle half▼ 1.5pp5.0%within the sector's middle half▼ 12.4pp10.0%within the sector's middle half▲ 5.1pp
above
within
below
the middle half (P25 to P75) of NACE 02, Forestry and logging, each year against the same schema; no band under 30 filings.
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 106% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €761,654
Fixed assets
€517,547 ▲ 10.8%
Current assets
€244,106 ▲ 3.8%
Equity and liabilities €761,654
Equity
€474,408 ▲ 19.2%
Debt
€287,245 ▼ 5.6%
Debt's share of the balance-sheet total falls from 43.3% to 37.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€122,758▲
2024 · €67,156
Cash flow
€92,027▲
2024 · €49,922
Quick ratio
0.72▲
2024 · 0.67
Debt to equity
0.61▼
2024 · 0.76
ROE
16.1%▲
2024 · 8.7%
Interest coverage
149.49▼
2024 · 158.43
Debt ≤ 1 year
€287,245▼
2024 · €304,229
Income taxes
€29,910▲
2024 · €16,810
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 20,129 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,040 | €21,269 | €9,871 | €15,139 | €15,681 | ▲ 3.6% |
| Other operating charges640/8 | - | €1,879 | €2,106 | €1,369 | €2,275 | ▲ 66.2% |
| Gross operating margin9900 | -€26,510 | €87,489 | €84,890 | €68,524 | €125,033 | ▲ 82.5% |
| Operating profit (loss)9901 | -€49,961 | €64,341 | €72,913 | €52,017 | €107,077 | ▲ 106% |
| Financial income75/76B | - | €52 | €2 | - | - | - |
| Recurring financial income75 | - | €52 | €2 | - | - | - |
| Financial charges65/66B | - | €112 | €199 | €424 | €821 | ▲ 93.7% |
| Recurring financial charges65 | €101 | €112 | €199 | €424 | €821 | ▲ 93.7% |
| Profit (loss) for the period before taxes9903 | -€50,062 | €64,282 | €72,716 | €51,593 | €106,256 | ▲ 106% |
| Income taxes67/77 | - | - | €2,620 | €16,810 | €29,910 | ▲ 77.9% |
| Profit (loss) for the period9904 | -€50,062 | €64,282 | €70,096 | €34,783 | €76,346 | ▲ 119% |
| Profit (loss) for the period to be appropriated9905 | -€50,062 | €64,282 | €70,096 | €34,783 | €76,346 | ▲ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €230,280 | €341,159 | €404,481 | €702,291 | €761,654 | ▲ 8.5% |
| Fixed assets21/28 | €201,990 | €180,720 | €239,049 | €467,228 | €517,547 | ▲ 10.8% |
| Tangible fixed assets22/27 | €201,990 | €180,720 | €239,049 | €467,228 | €517,547 | ▲ 10.8% |
| Land and buildings22 | - | €151,643 | €179,655 | €418,104 | €460,315 | ▲ 10.1% |
| Plant, machinery and equipment23 | - | €23,327 | €54,994 | €46,073 | €55,532 | ▲ 20.5% |
| Furniture and vehicles24 | - | €5,750 | €4,400 | €3,050 | €1,700 | ▼ 44.3% |
| Current assets29/58 | €28,291 | €160,438 | €165,432 | €235,063 | €244,106 | ▲ 3.8% |
| Stocks and contracts in progress3 | €25,700 | €19,850 | €25,900 | €31,150 | €36,700 | ▲ 17.8% |
| Stocks30/36 | - | €19,850 | €25,900 | €31,150 | €36,700 | ▲ 17.8% |
| Amounts receivable within one year40/41 | €259 | €299 | - | €25,363 | €42,638 | ▲ 68.1% |
| Trade receivables40 | - | €299 | - | €25,363 | €42,638 | ▲ 68.1% |
| Cash at bank and in hand54/58 | €183 | €137,380 | €136,743 | €175,512 | €161,878 | ▼ 7.8% |
| Deferred charges and accrued income490/1 | - | €2,909 | €2,789 | €3,039 | €2,891 | ▼ 4.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €230,280 | €341,159 | €404,481 | €702,291 | €761,654 | ▲ 8.5% |
| Equity10/15 | -€6,416 | €57,865 | €127,962 | €398,062 | €474,408 | ▲ 19.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Revaluation surpluses12 | - | - | - | €235,318 | €235,318 | = |
| Reserves13 | €53,352 | €53,352 | €65,962 | €100,744 | €177,091 | ▲ 75.8% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €47,152 | €59,762 | €94,544 | €170,891 | ▲ 80.8% |
| Profit (loss) carried forward14 | -€121,768 | -€57,486 | - | - | - | - |
| Amounts payable17/49 | €236,697 | €283,293 | €276,520 | €304,229 | €287,245 | ▼ 5.6% |
| Amounts payable within one year42/48 | €236,697 | €283,293 | €276,520 | €304,229 | €287,245 | ▼ 5.6% |
| Trade debts44 | €452 | €362 | €120 | €3,801 | €4,728 | ▲ 24.4% |
| Suppliers440/4 | - | €362 | €120 | €3,801 | €4,728 | ▲ 24.4% |
| Advances received on contracts in progress46 | - | - | - | €23,861 | €40,822 | ▲ 71.1% |
| Taxes, remuneration and social security45 | - | €26,109 | €22,328 | €23,621 | €40,744 | ▲ 72.5% |
| Taxes450/3 | - | €26,109 | €22,328 | €23,621 | €40,744 | ▲ 72.5% |
| Other amounts payable47/48 | - | €256,822 | €254,072 | €252,947 | €200,951 | ▼ 20.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€50,062 | €64,282 | €70,096 | €34,783 | €76,346 | ▲ 119% |
| + Depreciation and write-downs630 | €22,040 | €21,269 | €9,871 | €15,139 | €15,681 | ▲ 3.6% |
| Operating cash flow (approximation) | -€28,022 | €85,551 | €79,967 | €49,922 | €92,027 | ▲ 84.3% |
| Investment in fixed assets (approximation) | - | €0 | -€68,200 | -€243,318 | -€66,000 | ▲ 72.9% |
| Change in cash | - | €137,197 | -€637 | €38,768 | -€13,634 | ▼ 135% |
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
2026
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €76,346 ▲119%
Operating result €107,077, net result €76,346, both a record.
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €200,000Eq €398,062 ▲211%
3 profitable years in a row build equity to €398,062.
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €100,000Eq €127,962 ▲121%
2 profitable years in a row build equity to €127,962.
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €64,282
Net result €64,282 after 3 loss-making years.
16-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€65,646
Net result drops to -€65,646, the lowest in the series; recovery starts the following year.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
Show earlier events
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Haacht · 1 establishment unit since 1990
Ground area
1,191 m²
Building footprint
162 m²
Volume, LiDAR
1,002 m³
Parcel 24033C0208/00K000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Scharent 133, 3150 Haacht
since 19902.049.649.194
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24033C0208/00K000 | Flanders | 1,191 m² | 1 · 162 m² | 9.8 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHaacht2.049.649.194
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Of 606 companies in sector 02100 we hold annual accounts for 210. 150 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-09-1990
Fiscal year end30-09
Activities, NACEBEL 2025
02100Forestry and logging
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441476001
Also
9925:BE0441476001
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.