RABELCO
ActiveRABELCO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €481k and a net result of €38k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 90% of 26056 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
83
/ 100
Excellent▼ -17 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability40▼-51
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 3.01 against 2.99 in 2023), and 17.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 47
Relative position
BE, all sectors
reference
Sector 47
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 2024Solvency, return and age of the figures
Solvency
82.8%
Return on assets
6.6%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-05-2025, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
64 d early
2023
58 d early
2022
59 d early
2021
83 d early
2020
71 d early
2019
63 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€481k▼ 1.1%
2023 · €486k
2018: €274k
2019: €255k
2020: €350k
2021: €415k
2022: €431k
2023: €486k
2018 → 2024
Total assets
€581k▼ 1.9%
2023 · €592k
2018: €310k
2019: €304k
2020: €525k
2021: €491k
2022: €550k
2023: €592k
2018 → 2024
Net result
€38k▼ 56.6%
2023 · €88k
2018: €28k
2019: €13k
2020: €96k
2021: €67k
2022: €68k
2023: €88k
2018 → 2024
Working capital
€108k▼ 10.7%
2023 · €121k
2018: €145k
2019: €136k
2020: €139k
2021: €37k
2022: €69k
2023: €121k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€350k-€415k▲ 18.7%€431k▲ 3.8%€486k▲ 12.8%€481k▼ 1.1%
Operating result€140k-€95k▼ 32.2%€95k▲ 0.4%€83k▼ 13.0%€44k▼ 46.6%
Net result€96k-€67k▼ 31.0%€68k▲ 2.0%€88k▲ 29.7%€38k▼ 56.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 47% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €581k
Fixed assets
€419k▲ 2.1%
Current assets
€162k▼ 11.0%
Equity and liabilities €581k
Equity
€481k▼ 1.1%
Debt
€100k▼ 5.8%
The debt ratio falls from 17.9% to 17.2%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€56k▼
2023 · €89k
Cash flow
€50k▼
2023 · €94k
Solvency
82.8%▲
2023 · 82.1%
Current ratio
3.01▲
2023 · 2.99
Quick ratio
3.00▲
2023 · 2.99
Debt / equity
0.21▼
2023 · 0.22
ROE
7.9%▼
2023 · 18.1%
ROA
6.6%▼
2023 · 14.9%
Interest coverage
7.10▼
2023 · 12.49
Debt
€100k▼
2023 · €106k
Debt ≤ 1 year
€54k▼
2023 · €61k
Debt > 1 year
€43k=
2023 · €43k
Income taxes
€15k▼
2023 · €39k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€592k€581k▼
Fixed assets21/28€410k€419k▲
Tangible fixed assets22/27€164k€173k▲
Land and buildings22€155k€159k▲
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24-€6k
Other tangible fixed assets26€8k€7k▼
Financial fixed assets28€246k€246k=
Current assets29/58€182k€162k▼
Stocks and contracts in progress3-€600
Stocks30/36-€600
Amounts receivable within one year40/41€35k€71k▲
Trade receivables40€20k€68k▲
Other amounts receivable41€15k€3k▼
Cash at bank and in hand54/58€142k€87k▼
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€592k€581k▼
Equity10/15€486k€481k▼
Contributions10/11€8k€8k=
Reserves13€478k€473k▼
Distributable reserves133€478k€473k▼
Profit (loss) carried forward14€23€23=
Amounts payable17/49€106k€100k▼
Amounts payable after more than one year17€43k€43k=
Financial debts170/4€43k€43k=
Amounts payable within one year42/48€61k€54k▼
Trade debts44€9k€3k▼
Suppliers440/4€9k€3k▼
Taxes, remuneration and social security45€19k€8k▼
Taxes450/3€19k€8k▼
Other amounts payable47/48€33k€44k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20232024
Non-recurring operating income76A-€10k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€12k▲
Other operating charges640/8€6k€15k▲
Gross operating margin9900€95k€71k▼
Operating profit (loss)9901€83k€44k▼
Financial income75/76B€51k€17k▼
Recurring financial income75€51k€17k▼
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€127k€53k▼
Income taxes67/77€39k€15k▼
Profit (loss) for the period9904€88k€38k▼
Profit (loss) for the period to be appropriated9905€88k€38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€88k€38k▼
Profit (loss) brought forward from the previous period14P€23€23=
Transfer from equity791/2€33k€43k▲
Transfer to equity691/2€88k€38k▼
To other reserves6921€88k€38k▼
Profit to be distributed694/7€33k€43k▲
Return on contributions (dividend)694€33k€43k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €96k ▲627%
Operating result €140k, net result €96k, both a record.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €13k ▼53.2%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Waasmunster · 1 establishment unit since 1992
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.
Groendreef 89250 WaasmunsterGround area
2,746 m²
Building footprint
174 m²
Volume, LiDAR
974 m³
Parcel 42023B0534/00C000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RABELCO
since 19922.102.872.502
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023B0534/00C000 | Flanders | 2,746 m² | 1 · 174 m² | 10.0 m · 2 fl. |
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
RJ DISTRIBUTION
BE 0542.623.245
Thimister-Clermont · Eq €481k
Arcelar
BE 0401.091.436
Aartselaar · Eq €481k
EUROSUN KEUKENS
BE 0417.803.051
Sint-Gillis-Waas · Eq €480k
JIDS
BE 0452.648.322
Mechelen · Eq €483k
CUISINES CONSTANT INTERIOR & DESIGN
BE 0479.324.213
Soumagne · Eq €478k
Of 2,588 companies in sector 47551 we hold annual accounts for 1,701. 1,222 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-10-1992
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
74203
47690Retail sale of other cultural and recreation goods
47770Retail sale of watches and jewellery
47787Retail trade
62020IT consultancy
62200Computer consultancy and computer facilities management
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.