RACING TRADING ENGINEERING&CONSULT
ActiveRACING TRADING ENGINEERING&CONSULT has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €528k and a net result of €144k. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 1114 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▲+18
Solvency58▲+2
Growth75=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.39 in 2023; short-term debt: 38.5% and cash: 16.2% of total assets), but 66.8% 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 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
not confirmed
2024
76 d late
2023
60 d late
2022
115 d late
2021
118 d late
2020
152 d late
2019
117 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€4.21M▲ 23.2%
2022 · €3.42M
2018: €2.51M
2019: €2.77M
2020: €2.25M
2021: €2.76M
2022: €3.42M
2018 → 2023
EBIT margin
2.8%▲ 0.1pp
2022 · 2.6%
2018: 1.7%
2019: 3.0%
2020: -1.9%
2021: 1.8%
2022: 2.6%
2018 → 2023
Net result
€144k▲ 93.8%
2023 · €74k
2018: €26k
2019: €57k
2020: €-44k
2021: €36k
2022: €58k
2023: €74k
2018 → 2024
Working capital
€478k▲ 52.6%
2023 · €314k
2018: €223k
2019: €220k
2020: €202k
2021: €248k
2022: €291k
2023: €314k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€2.25M-€2.76M▲ 22.8%€3.42M▲ 23.8%€4.21M▲ 23.2%
Equity€215k-€251k▲ 16.9%€309k▲ 23.3%€384k▲ 24.1%€528k▲ 37.6%
Operating result€-42k-€50k€89k▲ 78.6%€116k▲ 30.0%€217k▲ 86.7%
Net result€-44k-€36k€58k▲ 60.7%€74k▲ 27.5%€144k▲ 93.8%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 87% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.59M
Fixed assets
€501k▲ 289%
Current assets
€1.09M▼ 3.2%
Equity and liabilities €1.59M
Equity
€528k▲ 37.6%
Provisions
€40k=
Debt
€1.02M▲ 23.0%
The debt ratio falls from 66.3% to 64.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€273k▲
2023 · €148k
Cash flow
€200k▲
2023 · €107k
Solvency
33.2%▲
2023 · 30.6%
Current ratio
1.78▲
2023 · 1.39
Quick ratio
1.33▲
2023 · 1.05
Debt / equity
1.94▼
2023 · 2.17
ROE
27.3%▲
2023 · 19.4%
ROA
9.1%▲
2023 · 5.9%
Interest coverage
12.59▼
2023 · 16.19
Debt
€1.02M▲
2023 · €832k
Debt ≤ 1 year
€612k▼
2023 · €814k
Debt > 1 year
€406k▲
2023 · €19k
Income taxes
€57k▲
2023 · €36k
Staff costs
€384k▲
2023 · €350k
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€1.26M€1.59M▲
Fixed assets21/28€129k€501k▲
Tangible fixed assets22/27€129k€501k▲
Land and buildings22€36k€408k▲
Plant, machinery and equipment23€46k€42k▼
Furniture and vehicles24€47k€52k▲
Current assets29/58€1.13M€1.09M▼
Stocks and contracts in progress3€276k€275k▼
Stocks30/36€276k€275k▼
Amounts receivable within one year40/41€728k€557k▼
Trade receivables40€711k€508k▼
Other amounts receivable41€16k€49k▲
Cash at bank and in hand54/58€124k€258k▲
Deferred charges and accrued income490/1€0€528▲
Equity and liabilities
Total equity and liabilities10/49€1.26M€1.59M▲
Equity10/15€384k€528k▲
Contributions10/11€68k€68k=
Outside capital11€68k-
Other1109/19€68k-
Reserves13€60k€110k▲
Non-distributable reserves130/1€0-
Legal reserve130€0-
Distributable reserves133€60k€110k▲
Profit (loss) carried forward14€256k€350k▲
Provisions and deferred taxes16€40k€40k=
Provisions for liabilities and charges160/5€40k€40k=
Major repairs and maintenance162€40k€40k=
Amounts payable17/49€832k€1.02M▲
Amounts payable after more than one year17€19k€406k▲
Financial debts170/4€19k€399k▲
Other amounts payable178/9€0€7k▲
Amounts payable within one year42/48€814k€612k▼
Current portion of amounts payable after more than one year42€23k€33k▲
Financial debts43€16k€22k▲
Credit institutions430/8€16k€22k▲
Trade debts44€616k€460k▼
Suppliers440/4€616k€460k▼
Advances received on contracts in progress46€75k€6k▼
Taxes, remuneration and social security45€84k€92k▲
Taxes450/3€48k€53k▲
Remuneration and social security454/9€36k€39k▲
Accrued charges and deferred income492/3-€6k
Income statement
Code20232024
Turnover70€4.21M-
Goods, raw materials, services and sundry goods60/61€3.66M-
Remuneration, social security and pensions62€350k€384k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€56k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€33k€128k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€4k-
Other operating charges640/8€10k€11k▲
Gross operating margin9900€544k€796k▲
Operating profit (loss)9901€116k€217k▲
Financial income75/76B€3k€6k▲
Recurring financial income75€3k€6k▲
Financial charges65/66B€9k€22k▲
Recurring financial charges65€9k€22k▲
Profit (loss) for the period before taxes9903€110k€202k▲
Income taxes67/77€36k€57k▲
Profit (loss) for the period9904€74k€144k▲
Profit (loss) for the period to be appropriated9905€74k€144k▲
Appropriation of the result
Profit (loss) to be appropriated9906€286k€400k▲
Profit (loss) brought forward from the previous period14P€212k€256k▲
Transfer to equity691/2€30k€50k▲
To other reserves6921€30k€50k▲
Social balance
Average headcount (FTE)90875.96.7▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 76 days late
2024
31-12
Financial
Highest result since 2018net €144k ▲93.8%
Operating result €217k, net result €144k, both a record.
31-12
Financial
Equity above €500kEq €528k ▲37.6%
4 profitable years in a row build equity to €528k.
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 60 days late
2023
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 115 days late
2022
26-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 118 days late
2021
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 152 days late
2020
31-12
Financial
Weakest financial yearnet €-44k ▼177%
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 117 days late
2019
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 25 days late
2018
02-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 94 days late
2017
15-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 76 days late
2016
09-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 131 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Thuin · 1 establishment unit since 1991
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.
Rue de Gozée(BST) 116531 ThuinGround area
7.7 ha
Building footprint
298 m²
Volume, LiDAR
1,997 m³
2 parcels, Wallonia · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
R.TEC
since 19912.054.811.277
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52032B0122/00S000 | Wallonia | 7.4 ha | 1 · 11 m² | 0.1 m |
| 56010B0320/00M000 | Wallonia | 3,312 m² | 1 · 287 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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VALUE TRADING
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Deli Tyres
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BO-STEEL
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Of 1,749 companies in sector 46720 we hold annual accounts for 1,083. 788 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-08-1991
Fiscal year end31-12
Abbreviation FR
RTEC
Activities, NACEBEL
45310
46720Wholesale of motor vehicle parts and accessories
50301
71121Engineering and related technical consultancy, excluding land surveyors
74203
25530Machining of metals
28520
52230Warehousing and support activities for transportation
62900Other information technology and computer services
63230
71209Other technical testing and analysis
72600
74302
Sources
Crossroads Bank for EnterprisesNational Bank · 33 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.