Turnover
≈ €200,000 estimated
The abbreviated format states no turnover.
RAETS NAVIGATION
Lifetime
7 annual accounts with figures on one time axispeak €105,366 (2021)
€17,098▼ 51.5%
lowest -€13,737 (2024)
-€13,737▼ €15,959
peak €188,716 (2023)
€174,979▼ 7.3%
€133,351▼ 16.6%
Board1 name since 2021
1 directorEntelec International NV
Documentsfilings and deeds
30-11-2025122 days late
2024abbreviated format
Gross margin from €35,219 to €17,098Loss of €13,737Debts from €159,887 to €133,351
Key points
from the 2024 annual accountsFilings
7 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€13,737
Lower net result than 82% of companies in wholesale trade. Sector median €40,668 · 8,958 companies.
Checked score
50
Fair
Financially stronger than 57% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.4%
01-2025: 6.8%▲ +2.4 percentage points vs 12-2024
02-2025: 6.8%● unchanged vs 01-2025
03-2025: 7.2%▲ +0.4 percentage points vs 02-2025highest value
04-2025: 2.0%▼ -5.2 percentage points vs 03-2025
05-2025: 2.1%▲ +0.1 percentage points vs 04-2025
06-2025: 2.0%▼ -0.1 percentage points vs 05-2025
07-2025: 2.0%● unchanged vs 06-2025
08-2025: 2.8%▲ +0.8 percentage points vs 07-2025
09-2025: 3.1%▲ +0.3 percentage points vs 08-2025
10-2025: 5.0%▲ +1.9 percentage points vs 09-2025
11-2025: 4.8%▼ -0.2 percentage points vs 10-2025
12-2025: 1.5%▼ -3.3 percentage points vs 11-2025
01-2026: 1.3%▼ -0.2 percentage points vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.2%▼ -0.1 percentage points vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 1.7%▲ +0.6 percentage points vs 07-2026
09-2026: 2.0%▲ +0.3 percentage points vs 08-2026
10-2026: 3.7%▲ +1.7 percentage points vs 09-2026
11-2026: 3.7%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2024 (filed on 30-11-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 122 days late; 3 of the last 3 accounts late
Founded in 2017
lowers risk
Liquidity: current ratio 1.66, cash €124,378
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 63% of them on solvency, 90% on liquidity, 46% on profitability and 29% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,440 companies had the same profile as RAETS NAVIGATION has now. Each dot stands for 9 companies, two years later.
90.1%
were still trading
7.4%
stopped another way
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of RAETS NAVIGATION itself is higher: 3.7% within 12 months. It rests on far more data about RAETS NAVIGATION than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,440 companies, not a prediction for RAETS NAVIGATION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 1.66 (1.68 in 2023), above the usual 1.5. Short-term debt is 24.6% and cash 40.3% of total assets. 43.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 7 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
raises risk · 2024 accounts filed 122 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-11-2025, 122 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
122 days late
2023
225 days late
2022
153 days late
2021
185 days late
2020
151 days late
2019
516 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 225 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Recent changes
Incorporation
published on 05-12-2017 · Gazette deed
First establishment
Blekkenbergstraat 20, Alken
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RAETS NAVIGATION Alken | €308,331 | €17,098 | 56.8% | - |
| CoCoMa Ixelles | €287,429 | €30,421 | 43.6% | - |
| Unite Procurement Belgium Hasselt | €165,308 | €20,452 | 33.2% | - |
| Group-Pi Lommel | €190,601 | €37,660 | 26.6% | - |
| Be-Mark Harelbeke | €128,564 | €26,797 | 54.2% | - |
| RKS Watermael-Boitsfort | €104,639 | €14,260 | 15.1% | - |
| A & T TRADING Antwerp | €104,942 | €9,375 | 66.9% | - |
These companies have the same main activity as RAETS NAVIGATION: non-specialised wholesale trade (NACE 46900). They are comparable in size and age: total assets between €105,000 and €287,000, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 01-12-2017Normal situation
- Activity
- Non-specialised wholesale tradeNACE 46900and 1 other
- Establishment unit
- 2.275.417.6843570 Alken, since 01-12-2017
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on RAETS NAVIGATION
RAETS NAVIGATION files the abbreviated format. That format states no turnover. The gross margin fell from €33,563 in 2018 to €17,098 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RAETS NAVIGATION
- What is the company number of RAETS NAVIGATION?
- The company number of RAETS NAVIGATION is 0685.551.557. The VAT number is the same number with BE in front: BE 0685.551.557.
- Where is RAETS NAVIGATION based?
- The registered office is at Blekkenbergstraat 20, 3570 Alken.Company details
- What does RAETS NAVIGATION do?
- According to the KBO register, the main activity is non-specialised wholesale trade (NACE 46900).
- What is the legal form of RAETS NAVIGATION?
- RAETS NAVIGATION is a private limited company (pre-2019) (BVBA).
- When was RAETS NAVIGATION founded?
- RAETS NAVIGATION was founded on 01-12-2017.
- Is RAETS NAVIGATION still active?
- Yes, RAETS NAVIGATION is an active enterprise in the KBO register.
- What is the turnover of RAETS NAVIGATION?
- The turnover in financial year 2024 is ≈ €200,000. This figure is estimated from the gross margin of €17,098 and 133 comparable companies (NACE 46). It probably lies between €86,000 and €460,000. It is a rough estimate.Financials
- Is RAETS NAVIGATION profitable?
- In financial year 2024, RAETS NAVIGATION made a loss of €13,737.
- Where can I find the annual accounts of RAETS NAVIGATION?
- RAETS NAVIGATION filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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