RAES MECHANICAL ENGINEERING
InactiveFinancials · financial year 2025, micro format
Equity
€16,051▼ 23.0%
2024 · €20,836
Total assets
€16,840▼ 22.1%
2024 · €21,631
Net result
-€4,785▲ 19.1%
2024 · -€5,912
Working capital
€16,051▼ 22.5%
2024 · €20,723
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €4,912 in 2025 against €5,985 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€4,912
2025
Net result-€4,785
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€16,840
2025
Equity€16,051
2025
Debt€790
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€16,051
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€27,207-€2,351▼ 91.4%€3,254▲ 38.4%-€529-€482▲ 9.0%€16,170-€5,985-€4,912▲ 17.9%
Net result€19,082-€2,309▼ 87.9%€3,635▲ 57.4%€580▼ 84.0%€801▲ 38.1%€10,994▲ 1,272%-€5,912-€4,785▲ 19.1%
Equity€40,428-€42,737▲ 5.7%€46,372▲ 8.5%€46,953▲ 1.3%€15,754▼ 66.4%€26,748▲ 69.8%€20,836▼ 22.1%€16,051▼ 23.0%
Total assets€43,957-€44,361▲ 0.9%€47,942▲ 8.1%€47,713▼ 0.5%€17,538▼ 63.2%€33,040▲ 88.4%€21,631▼ 34.5%€16,840▼ 22.1%
Debt€3,528-€1,624▼ 54.0%€1,570▼ 3.3%€761▼ 51.5%€1,784▲ 134%€6,292▲ 253%€796▼ 87.4%€790▼ 0.8%
Working capital€38,317-€41,358▲ 7.9%€43,477▲ 5.1%€45,172▲ 3.9%€14,671▼ 67.5%€26,482▲ 80.5%€20,723▼ 21.7%€16,051▼ 22.5%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €16,840
Equity
€16,051 ▼ 23.0%
Debt
€790 ▼ 0.8%
Debt's share of the balance-sheet total rises from 3.7% to 4.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,799▲
2024 · -€5,833
Cash flow
-€4,672▲
2024 · -€5,759
Current ratio
21.33▼
2024 · 27.05
Debt to equity
0.05▲
2024 · 0.04
ROE
-29.8%▼
2024 · -28.4%
ROA
-28.4%▼
2024 · -27.3%
Debt ≤ 1 year
€790▼
2024 · €796
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €906 | €732 | €859 | €1,115 | €1,155 | €817 | €152 | €113 | ▼ 25.7% |
| Other operating charges640/8 | - | - | - | €543 | €507 | - | - | - | - |
| Gross operating margin9900 | €28,675 | €3,647 | €4,655 | €1,130 | €1,180 | €16,987 | -€5,833 | -€4,799 | ▲ 17.7% |
| Operating profit (loss)9901 | €27,207 | €2,351 | €3,254 | -€529 | -€482 | €16,170 | -€5,985 | -€4,912 | ▲ 17.9% |
| Financial income75/76B | - | - | - | €1,562 | €1,756 | €14 | €69 | €127 | ▲ 82.8% |
| Recurring financial income75 | €1,159 | €1,479 | €2,101 | €1,562 | €1,756 | €14 | €69 | €127 | ▲ 82.8% |
| Recurring financial charges65 | €14 | - | - | - | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €28,352 | €3,830 | €5,355 | €1,033 | €1,274 | €16,184 | -€5,916 | -€4,785 | ▲ 19.1% |
| Income taxes67/77 | €9,270 | €1,521 | €1,720 | €452 | €473 | €5,190 | -€4 | - | - |
| Profit (loss) for the period9904 | €19,082 | €2,309 | €3,635 | €580 | €801 | €10,994 | -€5,912 | -€4,785 | ▲ 19.1% |
| Profit (loss) for the period to be appropriated9905 | €19,082 | €2,309 | €3,635 | €580 | €801 | €10,994 | -€5,912 | -€4,785 | ▲ 19.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €43,957 | €44,361 | €47,942 | €47,713 | €17,538 | €33,040 | €21,631 | €16,840 | ▼ 22.1% |
| Fixed assets21/28 | €2,111 | €1,379 | €2,896 | €1,780 | €1,083 | €266 | €113 | - | - |
| Tangible fixed assets22/27 | €2,111 | €1,379 | €2,896 | €1,780 | €1,083 | €266 | €113 | - | - |
| Plant, machinery and equipment23 | - | - | - | €1,780 | €1,083 | €266 | €113 | - | - |
| Current assets29/58 | €41,845 | €42,982 | €45,047 | €45,933 | €16,455 | €32,774 | €21,518 | €16,840 | ▼ 21.7% |
| Amounts receivable within one year40/41 | €25,695 | €31,421 | €24,798 | €26,847 | €1,377 | €1,929 | €2,567 | €3,760 | ▲ 46.5% |
| Trade receivables40 | - | - | - | - | €877 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €26,847 | €500 | €1,929 | €2,567 | €3,760 | ▲ 46.5% |
| Cash at bank and in hand54/58 | €16,150 | €11,561 | €20,248 | €19,086 | €15,077 | €30,845 | €18,951 | €13,080 | ▼ 31.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €43,957 | €44,361 | €47,942 | €47,713 | €17,538 | €33,040 | €21,631 | €16,840 | ▼ 22.1% |
| Equity10/15 | €40,428 | €42,737 | €46,372 | €46,953 | €15,754 | €26,748 | €20,836 | €16,051 | ▼ 23.0% |
| Contributions10/11 | €10,897 | €10,897 | - | €10,897 | €10,897 | €10,897 | €10,897 | €10,897 | = |
| Reserves13 | €33,859 | €35,859 | €38,859 | €39,359 | €8,159 | €15,659 | €15,659 | €15,659 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €37,500 | €6,300 | €13,800 | €13,800 | €13,800 | = |
| Profit (loss) carried forward14 | -€4,328 | -€4,019 | -€3,384 | -€3,304 | -€3,303 | €191 | -€5,721 | -€10,506 | ▼ 83.6% |
| Amounts payable17/49 | €3,528 | €1,624 | €1,570 | €761 | €1,784 | €6,292 | €796 | €790 | ▼ 0.8% |
| Amounts payable within one year42/48 | €3,528 | €1,624 | €1,570 | €761 | €1,784 | €6,292 | €796 | €790 | ▼ 0.8% |
| Trade debts44 | €88 | €124 | - | €331 | €1,192 | €1,102 | €796 | €790 | ▼ 0.8% |
| Suppliers440/4 | - | - | - | €331 | €1,192 | €1,102 | €796 | €790 | ▼ 0.8% |
| Taxes, remuneration and social security45 | - | - | - | €430 | - | €5,190 | - | - | - |
| Taxes450/3 | - | - | - | €430 | - | €5,190 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €592 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,082 | €2,309 | €3,635 | €580 | €801 | €10,994 | -€5,912 | -€4,785 | ▲ 19.1% |
| + Depreciation and write-downs630 | €906 | €732 | €859 | €1,115 | €1,155 | €817 | €152 | €113 | ▼ 25.7% |
| Operating cash flow (approximation) | €19,988 | €3,041 | €4,494 | €1,696 | €1,956 | €11,811 | -€5,759 | -€4,672 | ▲ 18.9% |
| Investment in fixed assets (approximation) | - | €0 | -€2,375 | €0 | -€457 | €0 | €0 | - | - |
| Change in cash | - | -€4,590 | €8,687 | -€1,162 | -€4,009 | €15,768 | -€11,894 | -€5,870 | ▲ 50.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 02-06-2026 | 2026-00136352 |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00308227 |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00307174 |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00280876 |
| 31-12-2021 | micro format | 26-07-2022 | 2022-20231330 |
| 31-12-2020 | micro format | 29-07-2021 | 2021-42400489 |
| 31-12-2019 | micro format | 28-07-2020 | 2020-35100235 |
| 31-12-2018 | micro format | 25-07-2019 | 2019-37900259 |
| 31-12-2017 | micro format | 26-07-2018 | 2018-38100164 |
| 31-12-2016 | micro format | 27-07-2017 | 2017-37200534 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.