Checked.be
Active
BE 0866.675.303Public limited company
RACINGOLD
Winston Churchilllaan 92 ·1180 Ukkel, Belgium· 22 yrs active
Sector: Renting and leasing of cars and light motor vehicles
(77110)
Conclusion
RACINGOLD has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.50M and a net result of €18k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 79% of 516 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €1.50M |
| Net result | €18k |
| Better than sector | 79% |
| Active | 22 yrs |
Financial profile
59
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
64
Profitability
6
Solvency
66
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2004, 22 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
64
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€95k
estimate, not credit advice
Score history
35
2020
64
2021
22
2022
48
2023
64
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.50 (< 1.0)
-10
Quick ratio
Quick ratio 0.12 (< 0.6)
-5
Leverage
Debt/equity 0.55 (< 1.0)
+10
Profitability
ROE 1%
+3
Interest coverage
Interest coverage 10.0× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 24-06-2025 with the NBB · fiscal year 2024 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±2.5%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 77, Rental and leasing activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 64.6% | 36.6% | |
| Net result | €18k | €39k | |
| Equity | €1.50M | €590k | |
| Gross operating margin | €151k | €172k | |
| Total assets | €2.32M | €1.88M |
€105k
+87.5%
20-24
€18k
-
20-24
€95k
+150.2%
20-24
€2.32M
-2.6%
20-24
€1.50M
+1.2%
20-24
€-203k
+3.5%
20-24
€820k
-8.9%
20-24
€403k
+1.8%
20-24
€417k
-15.9%
20-24
0.50
+5.9%
20-24
0.12
+40.5%
20-24
64.6%
+3.9%
20-24
0.55
-10.0%
20-24
1.2%
-
20-24
0.8%
-
20-24
9.96
+224.5%
20-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - | - |
| EBITDA | €105k | €56k | €437 | €100k | €69k |
| Net profit | €18k | €-39k | €-90k | €10k | €-194k |
| Cash flow | €95k | €38k | €-13k | €86k | €-119k |
| Staff costs | - | - | - | - | - |
| Income taxes | - | - | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €2.32M | €2.38M | €2.47M | €2.59M | €2.67M |
| Equity | €1.50M | €1.48M | €1.52M | €1.61M | €1.60M |
| Debt | €820k | €901k | €955k | €980k | €1.07M |
| of which ≤ 1y | €403k | €396k | €367k | €293k | €279k |
| of which > 1y | €417k | €496k | €584k | €686k | €787k |
| Working capital | €-203k | €-211k | €-165k | €-53k | €-39k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 0.50 | 0.47 | 0.55 | 0.82 | 0.86 |
| Quick ratio | 0.12 | 0.09 | 0.14 | 0.30 | 0.32 |
| Working capital ratio | -8.8% | -8.8% | -6.7% | -2.0% | -1.5% |
| Solvency | 64.6% | 62.2% | 61.4% | 62.1% | 60.0% |
| Debt / equity | 0.55 | 0.61 | 0.63 | 0.61 | 0.49 |
| Long-term debt ratio | 0.28 | 0.34 | 0.38 | 0.43 | 0.49 |
| Interest coverage | 9.96 | 3.07 | 0.03 | 7.48 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 0.8% | -1.6% | -3.6% | 0.4% | -7.3% |
| ROE | 1.2% | -2.6% | -5.9% | 0.6% | -12.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €2.32M | €2.38M | €2.47M | €2.59M | €2.67M |
| Fixed assets | 21/28 | €2.12M | €2.20M | €2.27M | €2.35M | €2.43M |
| Tangible fixed assets | 22/27 | €2.12M | €2.20M | €2.27M | €2.35M | €2.43M |
| Current assets | 29/58 | €200k | €185k | €202k | €240k | €240k |
| Stocks & contracts in progress | 3 | €151k | €151k | €151k | €151k | €150k |
| Amounts receivable within one year | 40/41 | €10k | €14k | €15k | €86k | €60k |
| Cash & bank | 54/58 | €36k | €19k | €34k | €1k | €29k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.32M | €2.38M | €2.47M | €2.59M | €2.67M |
| Equity | 10/15 | €1.50M | €1.48M | €1.52M | €1.61M | €1.60M |
| Contributions / capital | 10/11 | €1.75M | €1.75M | €1.75M | €1.75M | €1.75M |
| Reserves | 13 | €45k | €45k | €45k | €45k | €44k |
| Accumulated profits (losses) | 14 | €-297k | €-315k | €-276k | €-186k | €-194k |
| Amounts payable | 17/49 | €820k | €901k | €955k | €980k | €1.07M |
| Amounts payable after one year | 17 | €417k | €496k | €584k | €686k | €787k |
| Amounts payable within one year | 42/48 | €403k | €396k | €367k | €293k | €279k |
| Trade debts payable within one year | 44 | €77k | €72k | €70k | €71k | €79k |
| Income statement | ||||||
| Gross operating margin | 9900 | €151k | €104k | €158k | €136k | €96k |
| Operating result | 9901 | €29k | €-20k | €-76k | €23k | €-6k |
| Financial income | 75 | €0 | €0 | - | - | €1 |
| Financial charges | 65 | €11k | €18k | €14k | €13k | €14k |
| Result before taxes | 9903 | €18k | €-39k | €-90k | €10k | €-20k |
| Net result for the period | 9904 | €18k | €-39k | €-90k | €10k | €-20k |
| Result to be appropriated | 9905 | €18k | €-39k | €-90k | €10k | €-20k |
Legal Structure
| NACE primary | Renting and leasing of cars and light motor vehicles(77110) |
| Legal form | Public limited company(014) |
| Incorporation | 06-08-2004 |
| Status | Active |
| Postal code | 1180 |
Establishment units
RACINGOLD
since 20042.142.074.853
RACINGOLD
since 20202.300.684.503
Real-estate footprint
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111B0006/00T003 | Wallonia | 3,806 m² | 1 · 2,012 m² | - |
| 21618B0277/02H003 | Brussels | 255 m² | 1 · 128 m² | 18.6 m · 4 fl. |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
71100Renting and leasing of cars and light motor vehicles77110Retail sale of cars and light vans (up to 3.5 tonnes)47811Business and other management consultancy70200Business consulting702207414274871Organisation of conventions and trade shows82300926219262392723Football clubs93121Other sports activities93199Other amusement and recreation activities93299
Names & trade names
| Legal nameFR | RACINGOLD |
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