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Complete company report
Generated 05-08-2026
Active BE 0755.894.967Private limited company

Ragnarok Start

Engels Plein 35 ·3000 Leuven, Belgium· 5 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of Ragnarok Start is 7.4% (elevated). The 2021 annual accounts show equity of €22k and a net result of €-58k. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €22k
Net result €-58k
Staff (FTE) 0.9
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health20Profitability0Solvency44Growth50Stability79
39 / 100

Fragile profile, watch profitability in particular.

Health 20
Profitability 0
Solvency 44
Growth 50
Stability 79
Bankruptcy probability (12 mo) Checked model v1 · free
7.4% Elevated
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Young company +No NACE activity registered +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2021 · computed
20 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 18-07-2022 with the NBB · fiscal year 2021 · micro
Fiscal year2021
Revenue-
EBITDA€-47k
Net profit€-58k
Cash flow€-47k
Staff costs€27k
Income taxes-
Dividends-
Total assets€70k
Equity€22k
Debt€48k
of which ≤ 1y€48k
of which > 1y-
Working capital€-13k
Employees (FTE)0.9
Ratios (computed)
2021
Current ratio0.73
Quick ratio0.73
Working capital ratio-18.6%
Solvency32.0%
Debt / equity2.12
Long-term debt ratio-
Interest coverage-3397.53
Gross margin-
Net margin-
ROA-81.8%
ROE-255.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€70k
Fixed assets 21/28€33k
Formation expenses 20€2k
Intangible fixed assets 21€9k
Tangible fixed assets 22/27€25k
Current assets 29/58€35k
Amounts receivable within one year 40/41€8k
Cash & bank 54/58€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€70k
Equity 10/15€22k
Contributions / capital 10/11€80k
Accumulated profits (losses) 14€-58k
Amounts payable 17/49€48k
Amounts payable within one year 42/48€48k
Trade debts payable within one year 44€41k
Income statement
Gross operating margin 9900€-20k
Operating result 9901€-57k
Financial income 75€0
Financial charges 65€14
Result before taxes 9903€-58k
Net result for the period 9904€-58k
Result to be appropriated 9905€-58k
Ratios computed by Checked.
Legal Structure
NACE primary -
Legal form Private limited company(610)
Incorporation08-10-2020
StatusActive
Postal code3000
Establishment units 1 location
Ragnarok Start
Engels Plein 35, 3000 LeuvenOverige dienstverlenende activiteiten op het gebied van informatie, n.e. g.
since 20202.311.726.665
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24062A0069/00R000 Flanders 4,206 m² 1 · 4,153 m² 38.4 m · 6 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 2 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023
21-02-2023
State Gazette act Director changes
2022
18-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2023
21-02-2023 Wouter Danckaert resigns as director Director changes
  • Wouter Danckaert, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Wouter Danckaert",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De algemene vergadering neemt akte van het ontslag van dhr Wouter Danckaert uit zijn functie als bestuurder van de vennootschap. De algemene vergadering verleent kwijting aan dhr Wouter Danckaert voor diens aansprakelijkheid opgelopen tijdens de uitoefening van zijn mandaat tot op heden",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "sole_shareholder_declaration",
      "role": "enige_bestuurder",
      "person": {
        "rrn": null,
        "name": "Hans Verhoeven",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Hans Verhoeven Bestuurder",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2023-02-21",
    "filing_date": "2023-02-13",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2021-12-29",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0755.894.967",
    "name_full": "Ragnarok Start",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL Ragnarok Start
Registered office
Engels Plein 35 bus 108
3000 Leuven, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative