RAGOEN LOGISTICS
ActiveRAGOEN LOGISTICS has been active since 1962 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1k and a net result of €69k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 12675 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency39▼-22
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 12675 sector peers (2025).
NBB · sector comparisonPosition among 12675 sector peers
Solvency
better than 16%
← 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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
on the day
2023
30 d late
2022
141 d early
2021
136 d early
2020
41 d early
2019
49 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1k▼ 43.5%
2024 · €3k
2018: €-119k
2019: €-81k
2020: €-56k
2021: €-26k
2022: €26k
2023: €2k
2024: €3k
2018 → 2025
Total assets
€10k▲ 45.6%
2024 · €7k
2018: €4k
2019: €6k
2020: €2k
2021: €40k
2022: €58k
2023: €11k
2024: €7k
2018 → 2025
Net result
€69k▲ 26.3%
2024 · €55k
2018: €40k
2019: €38k
2020: €24k
2021: €31k
2022: €52k
2023: €44k
2024: €55k
2018 → 2025
Working capital
€1k▼ 43.5%
2024 · €3k
2018: €-119k
2019: €-82k
2020: €-57k
2021: €-26k
2022: €54k
2023: €2k
2024: €3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-26k-€26k€2k▼ 92.8%€3k▲ 33.4%€1k▼ 43.5%
Operating result€32k-€52k▲ 63.4%€44k▼ 15.2%€55k▲ 23.7%€69k▲ 26.6%
Net result€31k-€52k▲ 70.4%€44k▼ 15.2%€55k▲ 23.7%€69k▲ 26.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 27% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €10k
Equity
€1k▼ 43.5%
Debt
€9k▲ 95.2%
The debt ratio rises from 64.2% to 86.1%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
13.9%▼
2024 · 35.8%
Current ratio
1.16▼
2024 · 1.56
Quick ratio
1.16▼
2024 · 1.56
Debt / equity
6.20▲
2024 · 1.79
ROA
670.2%▼
2024 · 772.7%
Debt
€9k▲
2024 · €5k
Debt ≤ 1 year
€9k▲
2024 · €5k
A ratio outside any meaningful range has been withheld (balance sheet total €10k, equity €1k).
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€7k€10k▲
Current assets29/58€7k€10k▲
Amounts receivable within one year40/41€5k€3k▼
Trade receivables40€5k€3k▼
Cash at bank and in hand54/58€1k€7k▲
Deferred charges and accrued income490/1€425€435▲
Equity and liabilities
Total equity and liabilities10/49€7k€10k▲
Equity10/15€3k€1k▼
Contributions10/11€578k€507k▼
Reserves13€44k€44k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€41k€41k=
Profit (loss) carried forward14€-619k€-550k▲
Amounts payable17/49€5k€9k▲
Amounts payable within one year42/48€5k€9k▲
Trade debts44€844€650▼
Suppliers440/4€844€650▼
Taxes, remuneration and social security45€568€2k▲
Taxes450/3€568€2k▲
Other amounts payable47/48€3k€6k▲
Income statement
Code20242025
Other operating charges640/8€513€528▲
Gross operating margin9900€55k€70k▲
Operating profit (loss)9901€55k€69k▲
Financial income75/76B€0€4▲
Recurring financial income75€0€4▲
Financial charges65/66B€9€182▲
Recurring financial charges65€9€182▲
Profit (loss) for the period before taxes9903€55k€69k▲
Profit (loss) for the period9904€55k€69k▲
Profit (loss) for the period to be appropriated9905€55k€69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-619k€-550k▲
Profit (loss) brought forward from the previous period14P€-674k€-619k▲
The notes to these accounts (3 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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €69k ▲26.3%
Operating result €69k, net result €69k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
12-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 22current ratio 13.41
Current ratio from 0.60 to 13.41; short-term debt falls from €65k to €4k.
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €24k ▼35.8%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Staden · 1 establishment unit since 1982
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.
Foncieregoedstraat(WRB) 78840 StadenGround area
679 m²
Building footprint
194 m²
Volume, LiDAR
831 m³
Parcel 36020B0463/00A002, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RAGOEN LOGISTICS
since 19822.021.188.703
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36020B0463/00A002 | Flanders | 679 m² | 1 · 194 m² | 7.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 to 2025 · 4 entries · 1,424 EUR awarded · 1,391 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 507 EUR | 594 EUR |
| 2024 | 1 | 180 EUR | 60 EUR |
| 2023 | 1 | 306 EUR | 365 EUR |
| 2022 | 1 | 431 EUR | 372 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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GSL FINTAX
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Of 2,266 companies in sector 69209 we hold annual accounts for 1,097. 139 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-1962
Fiscal year end31-12
Activities, NACEBEL
51421
69201Accountants
69209Other tax advisory services
46423Wholesale of clothing, excluding workwear and underwear
70100Activities of head offices
70200Business and other management consultancy
70220Business consulting
74872
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.