RAG GENK
ActiveRAG GENK has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €600k and a net result of €116k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 23% of 4812 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
71
/ 100
Healthy▲ +15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+93
Solvency33▲+7
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.14 in 2024), and 78.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.4%
Return on assets
4.1%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 4812 sector peers (2025).
NBB · sector comparisonPosition among 4812 sector peers
Solvency
better than 23%
← weakest
strongest →
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €600k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
89 d late
2023
2 d late
2022
29 d late
2021
78 d late
2020
123 d late
2019
122 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€116k▲ 4,420%
2024 · €3k
2018: €68k
2019: €-29k
2020: €35k
2021: €-77k
2022: €14k
2023: €58k
2024: €3k
2018 → 2025
Working capital
€456k▲ 54.3%
2024 · €295k
2018: €609k
2019: €260k
2020: €309k
2021: €236k
2022: €240k
2023: €291k
2024: €295k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€410k-€424k▲ 3.4%€482k▲ 13.7%€484k▲ 0.5%€600k▲ 23.9%
Operating result€-66k-€12k€66k▲ 467%€4k▼ 93.4%€156k▲ 3,499%
Net result€-77k-€14k€58k▲ 313%€3k▼ 95.6%€116k▲ 4,420%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 3,499% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.80M
Fixed assets
€147k▼ 22.1%
Current assets
€2.66M▲ 7.0%
Equity and liabilities €2.80M
Equity
€600k▲ 23.9%
Debt
€2.20M▲ 0.8%
The debt ratio falls from 81.9% to 78.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€198k▲
2024 · €46k
Cash flow
€157k▲
2024 · €44k
Solvency
21.4%▲
2024 · 18.1%
Current ratio
1.21▲
2024 · 1.14
Quick ratio
0.74▲
2024 · 0.67
Debt / equity
3.67▼
2024 · 4.51
ROE
19.3%▲
2024 · 0.5%
ROA
4.1%▲
2024 · 0.1%
Interest coverage
56.99▲
2024 · 11.24
Debt
€2.20M▲
2024 · €2.19M
Debt ≤ 1 year
€2.20M▲
2024 · €2.19M
Debt > 1 year
€3k
Income taxes
€46k▲
2024 · €6k
Staff costs
€543k▲
2024 · €492k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.67M€2.80M▲
Fixed assets21/28€189k€147k▼
Intangible fixed assets21€83k€62k▼
Tangible fixed assets22/27€101k€80k▼
Land and buildings22€27k€20k▼
Plant, machinery and equipment23€10k€8k▼
Furniture and vehicles24€64k€52k▼
Financial fixed assets28€5k€5k=
Current assets29/58€2.48M€2.66M▲
Stocks and contracts in progress3€1.02M€1.02M▼
Stocks30/36€1.02M€1.02M▼
Amounts receivable within one year40/41€1.43M€1.60M▲
Trade receivables40€797k€797k=
Other amounts receivable41€631k€806k▲
Cash at bank and in hand54/58€28k€33k▲
Equity and liabilities
Total equity and liabilities10/49€2.67M€2.80M▲
Equity10/15€484k€600k▲
Contributions10/11€300k€300k=
Capital10€300k€300k=
Issued capital100€300k€300k=
Reserves13€184k€300k▲
Non-distributable reserves130/1€13k€19k▲
Legal reserve130€13k€19k▲
Distributable reserves133€171k€281k▲
Amounts payable17/49€2.19M€2.20M▲
Amounts payable after more than one year17-€3k
Financial debts170/4-€3k
Amounts payable within one year42/48€2.19M€2.20M▲
Current portion of amounts payable after more than one year42€17k€20k▲
Trade debts44€1.60M€1.41M▼
Suppliers440/4€1.60M€1.41M▼
Taxes, remuneration and social security45€90k€237k▲
Taxes450/3€29k€103k▲
Remuneration and social security454/9€61k€135k▲
Other amounts payable47/48€479k€536k▲
Income statement
Code20242025
Remuneration, social security and pensions62€492k€543k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€42k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€20k€9k▼
Gross operating margin9900€558k€754k▲
Operating profit (loss)9901€4k€156k▲
Financial income75/76B€8k€9k▲
Recurring financial income75€8k€9k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€8k€161k▲
Income taxes67/77€6k€46k▲
Profit (loss) for the period9904€3k€116k▲
Profit (loss) for the period to be appropriated9905€3k€116k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€116k▲
Transfer to equity691/2€3k€116k▲
To contributions691€0-
To the legal reserve6920€128€6k▲
To other reserves6921€2k€110k▲
Social balance
Average headcount (FTE)908712.812.8=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
30-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director reappointment9 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director reappointment9 facts ▸
- General meeting, 13/03/2026
- Director resignation, Joseph Raedschelders (niet-statutaire bestuurder)
- Director reappointment, BV R.A.G. Management (niet-statutaire bestuurder)
- Mandate compensation, BV R.A.G. Management
- Permanent representative, Michaël Raedschelders
- Director reappointment, Geraldine Wijnen (niet-statutaire bestuurder)
- Mandate compensation, Geraldine Wijnen
- Director appointment, Brandon Convents (niet-statutaire bestuurder)
- Mandate compensation, Brandon Convents
2025
31-12
Financial
Highest result since 2018net €116k ▲4420%
Operating result €156k, net result €116k, both a record.
31-12
Financial
Equity above €500kEq €600k ▲23.9%
4 profitable years in a row build equity to €600k.
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 89 days late
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 78 days late
2021
31-12
Financial
Weakest financial yearnet €-77k ▼317%
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
01-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 123 days late
2020
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
16-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 16 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26043716). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Brandon Convents
CurrentNon-statutory director · since 01-04-2026
R.A.G. Management bv
CurrentNon-statutory director · since 01-04-2026 · Legal entity · perm. rep.: Michaël Raedschelders
WIJNEN Geraldine
CurrentNon-statutory director · since 01-04-2026
01-04-2026
Brandon Convents: Appointed as Non-statutory director
01-04-2026
R.A.G. Management bv: Mandate renewed as Non-statutory director
01-04-2026
WIJNEN Geraldine: Mandate renewed as Non-statutory director
01-04-2026
RAEDSCHELDERS Joseph: Resigned as Non-statutory director
Location & real-estate footprint
Registered office, Genk · 2 establishment units since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vaartstraat 133600 GenkGround area
1.1 ha
Building footprint
2,243 m²
Volume, LiDAR
11,854 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
RAG GENK
since 20162.249.795.927
RAG
since 20192.283.883.707
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72024A2025/00D000 | Flanders | 5,985 m² | 1 · 927 m² | 8.5 m · 2 fl. |
| 71305F1204/00C000 | Flanders | 5,244 m² | 1 · 1,316 m² | 5.3 m · 2 fl. |
Linked by address, not proof of ownership
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.
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HUBITOOLS
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INDUSTRIAL CARBIDE CAPPUYNS
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TURBO SERVICE BELGIUM
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Of 1,744 companies in sector 46720 we hold annual accounts for 1,080. 788 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-01-2016
Fiscal year end31-12
Activities, NACEBEL
45310
47820Retail sale of motor vehicle parts and accessories
46720Wholesale of motor vehicle parts and accessories
85510Sports and recreation education
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.