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RAES

Active
Private limited companyfounded 2003active for 23 yearsHeldenlaan 42, 9620 Zottegem, BelgiumKBO/BCE: BE 0860.074.155
Summary

The computed 12-month bankruptcy probability of RAES is 4.3% (elevated). For RAES, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €24,058 and a net result of -€1,588. Equity is shrinking by about 4.9% per year across the filed financial years. Its solvency ranks better than 93% of 17,648 sector peers (NACE 56, financial year 2023). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.

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RAESActive
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Overview

Activity
Full-service restaurants
NACE 56111
1 site
Size
≈ €34,000turnover 2023, estimated
Equity
€24,058
Loss
-€1,588
Turnover estimated from the gross margin
Financial health
Bankruptcy probabilitywithin 12 months
4.3%
2023 figures too old to score
Structure
2024 accounts not filed, 454 days past the deadline2 of 3 deeds summarised
Signalsraises riskFigures for financial year 2023 (filed 11-07-2024)2 financial years not filed after the legal deadlineSize: total assets €28,988Two or more financial years not filedlowers riskFounded in 2003neutralLatest accounts filed on timeShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Strong
Solvency 100=
equity 83.0% of total assets
Liquidity 65-30
short-term debt 17.0% · cash 15.3%
Profitability 62+62
return on assets -5.5%
Bankruptcy probability, 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,766 companies, NACE 56, micro)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024lowest value 02-2025: 0.4%● unchanged vs 01-2025lowest value 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%▲ +0.2 percentage points vs 07-2025 09-2025: 0.8%▲ +0.1 percentage points vs 08-2025 10-2025: 1.1%▲ +0.3 percentage points vs 09-2025 11-2025: 1.2%▲ +0.1 percentage points vs 10-2025 12-2025: 1.5%▲ +0.3 percentage points vs 11-2025 01-2026: 2.6%▲ +1.1 percentage points vs 12-2025 02-2026: 2.6%● unchanged vs 01-2026 03-2026: 2.7%▲ +0.1 percentage points vs 02-2026 04-2026: 2.4%▼ -0.3 percentage points vs 03-2026 05-2026: 2.4%● unchanged vs 04-2026 06-2026: 2.4%● unchanged vs 05-2026 07-2026: 2.4%● unchanged vs 06-2026 08-2026: 4.3%▲ +1.9 percentage points vs 07-2026highest value 09-2026: 4.3%● unchanged vs 08-2026highest value 10-2026: 4.3%● unchanged vs 09-2026highest value
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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2023 (filed 11-07-2024)
NBB · annual accounts
raises risk · 2 financial years not filed after the legal deadline
NBB · filings
raises risk · Size: total assets €28,988
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 2003
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2024 year end31-07-2025 deadline28-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 11-07-2024, 20 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
20 days early
2022
27 days early
2021
58 days early
2020
31 days late
2019
19 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 11 days before the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointment: Naomi Nsangu (director)Resignation: Stefaan Raes (managing director)
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Annual accounts filedfinancial year 2022 · micro…

Key points

  • Risk: 2024 accounts not fileddeadline was 31-07-2025 454 days past the deadline View
  • Positive: Among the best 8% on solvencysector median 28.0% · 17,648 companies 83.0% View
  • Caution: 2 loss-making years in a rowloss financial year 2023 -€1,588 View

By topic

Financials

Financial year
2023
Total assets
€28,988
Loss
-€1,588
Solvency
83.0%
Total assets▼ 7.8%
Net result
20182023
Go to Financials

Timeline

Events
25
Since
2005
  1. 12-04-2023Resignation: Stefaan RAES (manager and director)
  2. 31-12-2022Weakest financial year
  3. 03-06-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Full-service restaurantsNACE 56111
Founded
30-06-2003
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Articles of association

Provisions read
28
Who signs
Each director alone
Annual meeting
Third Friday of May at 20:00
Purpose
“Uitbating in de ruimste betekenis van restaurant,taverne,drankgelegenheid,met of zonder…” (deed in Dutch)
Go to Articles of association

Key facts about RAES

What is the company number of RAES?
0860.074.155. In Belgium the VAT number is the company number with BE in front: BE 0860.074.155.
Where is RAES based?
The registered office is at Heldenlaan 42, 9620 Zottegem.Company details
What does RAES do?
According to the KBO register, the main activity is full-service restaurants (NACE 56111).
What is the legal form of RAES?
Private limited company (BV).
When was RAES founded?
On 30-06-2003.
Is RAES still active?
Yes, RAES is an active enterprise in the KBO register.
What is the turnover of RAES?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is RAES profitable?
In financial year 2023, RAES made a loss of €1,588.
Where can I find the annual accounts of RAES?
RAES filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2023.

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