RAETS
ActiveSummary
RAETS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€39,611) and a net result of -€70,803. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 8091 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8091 sector peers (2025).
NBB · sector comparisonPosition among 8091 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
7 d early
2024
29 d early
2023
on the day
2022
10 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€39,611
2024 · €31,192
Net result
-€70,803▼ 4,638%
2024 · -€1,494
Total assets
€81,558▼ 27.2%
2024 · €112,000
Solvency
-48.6%▼ 76.4pp
2024 · 27.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€26,537-€13,299▼ 49.9%€3,436▼ 74.2%-€64,320
Net result€18,394within the sector's middle half-€8,093within the sector's middle half▼ 56.0%-€1,494below the sector's middle half-€70,803below the sector's middle half▼ 4,638%
Equity€24,594below the sector's middle half-€32,687below the sector's middle half▲ 32.9%€31,192below the sector's middle half▼ 4.6%-€39,611below the sector's middle half
Total assets€70,157below the sector's middle half-€153,414within the sector's middle half▲ 119%€112,000below the sector's middle half▼ 27.0%€81,558below the sector's middle half▼ 27.2%
Debt€45,564-€120,727▲ 165%€80,808▼ 33.1%€121,168▲ 49.9%
Working capital€12,106within the sector's middle half--€360within the sector's middle half€2,677within the sector's middle half-€62,350below the sector's middle half
Solvency35.1%within the sector's middle half-21.3%below the sector's middle half▼ 13.7pp27.9%within the sector's middle half▲ 6.5pp-48.6%below the sector's middle half▼ 76.4pp
Current ratio1.44within the sector's middle half-0.99within the sector's middle half▼ 0.451.09within the sector's middle half▲ 0.090.35below the sector's middle half▼ 0.74
Return on assets (ROA)26.2%above the sector's middle half-5.3%within the sector's middle half▼ 20.9pp-1.3%below the sector's middle half▼ 6.6pp-86.8%below the sector's middle half▼ 85.5pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €64,320 after €3,436 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81,558
Fixed assets
€48,204 ▼ 38.7%
Current assets
€33,353 =
Key figures and ratios
Debt ≤ 1 year
€95,703▲
2024 · €30,660
Debt > 1 year
€25,466▼
2024 · €50,148
Income taxes
€714▼
2024 · €1,728
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,252 | €12,425 | €25,171 | €30,459 | ▲ 21.0% |
| Other operating charges640/8 | €1,520 | €970 | €3,429 | €1,326 | ▼ 61.3% |
| Gross operating margin9900 | €37,310 | €26,694 | €32,036 | -€32,536 | ▼ 202% |
| Operating profit (loss)9901 | €26,537 | €13,299 | €3,436 | -€64,320 | ▼ 1,972% |
| Financial income75/76B | €0 | - | €22 | €1 | ▼ 96.4% |
| Recurring financial income75 | €0 | - | €22 | €1 | ▼ 96.4% |
| Financial charges65/66B | €579 | €1,245 | €3,224 | €5,770 | ▲ 79.0% |
| Recurring financial charges65 | €579 | €1,245 | €3,224 | €5,770 | ▲ 79.0% |
| Profit (loss) for the period before taxes9903 | €25,958 | €12,054 | €234 | -€70,090 | ▼ 30,089% |
| Income taxes67/77 | €7,565 | €3,961 | €1,728 | €714 | ▼ 58.7% |
| Profit (loss) for the period9904 | €18,394 | €8,093 | -€1,494 | -€70,803 | ▼ 4,638% |
| Profit (loss) for the period to be appropriated9905 | €18,394 | €8,093 | -€1,494 | -€70,803 | ▼ 4,638% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €70,157 | €153,414 | €112,000 | €81,558 | ▼ 27.2% |
| Fixed assets21/28 | €30,760 | €103,834 | €78,663 | €48,204 | ▼ 38.7% |
| Tangible fixed assets22/27 | €30,760 | €103,834 | €78,663 | €48,204 | ▼ 38.7% |
| Furniture and vehicles24 | €30,760 | €101,007 | €76,428 | €46,669 | ▼ 38.9% |
| Other tangible fixed assets26 | - | €2,827 | €2,235 | €1,535 | ▼ 31.3% |
| Current assets29/58 | €39,398 | €49,580 | €33,337 | €33,353 | = |
| Stocks and contracts in progress3 | - | - | - | €9,000 | - |
| Stocks30/36 | - | - | - | €9,000 | - |
| Amounts receivable within one year40/41 | €36,345 | €43,898 | €2,757 | €21,949 | ▲ 696% |
| Trade receivables40 | €15,499 | €12,629 | €169 | €21,732 | ▲ 12,729% |
| Other amounts receivable41 | €20,846 | €31,269 | €2,588 | €217 | ▼ 91.6% |
| Cash at bank and in hand54/58 | €2,837 | €2,594 | €28,176 | - | - |
| Deferred charges and accrued income490/1 | €217 | €3,088 | €2,404 | €2,404 | = |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €70,157 | €153,414 | €112,000 | €81,558 | ▼ 27.2% |
| Equity10/15 | €24,594 | €32,687 | €31,192 | -€39,611 | ▼ 227% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €18,394 | €26,487 | €26,487 | €26,487 | = |
| Distributable reserves133 | €18,394 | €26,487 | €26,487 | €26,487 | = |
| Profit (loss) carried forward14 | - | - | -€1,494 | -€72,298 | ▼ 4,738% |
| Amounts payable17/49 | €45,564 | €120,727 | €80,808 | €121,168 | ▲ 49.9% |
| Amounts payable after more than one year17 | €18,272 | €70,787 | €50,148 | €25,466 | ▼ 49.2% |
| Financial debts170/4 | €18,272 | €70,787 | €50,148 | €25,466 | ▼ 49.2% |
| Amounts payable within one year42/48 | €27,292 | €49,940 | €30,660 | €95,703 | ▲ 212% |
| Current portion of amounts payable after more than one year42 | €6,359 | €23,043 | €23,043 | €24,682 | ▲ 7.1% |
| Financial debts43 | - | - | - | €82 | - |
| Credit institutions430/8 | - | - | - | €82 | - |
| Trade debts44 | €3,325 | €521 | €413 | €40,557 | ▲ 9,721% |
| Suppliers440/4 | €3,325 | €521 | €413 | €40,557 | ▲ 9,721% |
| Taxes, remuneration and social security45 | €13,496 | €8,394 | €7,204 | €714 | ▼ 90.1% |
| Taxes450/3 | €13,496 | €8,394 | €7,204 | €714 | ▼ 90.1% |
| Other amounts payable47/48 | €4,111 | €17,983 | - | €29,668 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,394 | €8,093 | -€1,494 | -€70,803 | ▼ 4,638% |
| + Depreciation and write-downs630 | €9,252 | €12,425 | €25,171 | €30,459 | ▲ 21.0% |
| Operating cash flow (approximation) | €27,646 | €20,518 | €23,677 | -€40,344 | ▼ 270% |
| Investment in fixed assets (approximation) | - | -€85,499 | €0 | €0 | - |
| Change in cash | - | -€243 | €25,582 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€70,803
Net result drops to -€70,803, the lowest in the series.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Brasschaat · 1 establishment unit since 2020
Ground area
2,085 m²
Building footprint
214 m²
Volume, LiDAR
939 m³
Parcel 11323F0106/00W005, Flanders · tallest building 16.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RAETS
since 20202.309.433.210
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0106/00W005 | Flanders | 2,085 m² | 1 · 214 m² | 16.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 360 EUR awarded · 360 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 360 EUR | 360 EUR |
Similar companies · same sector, comparable size
CineVenture
BE 0838.690.506
Aarschot · Eq €31,186
Netboost
BE 0656.946.158
Wevelgem · Eq €31,161
INTERNATIONAL GRAPHICAL INCORPORATED
BE 0669.781.337
Antwerpen · Eq €31,159
Mangia Bene
BE 0739.633.710
Deinze · Eq €31,157
WICARTO
BE 0675.587.677
Kortrijk · Eq €31,128
Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 8,898 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0755687210
Also
9925:BE0755687210
Registered
21-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.