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Ragolle Rugs

Active
Public limited companyfounded 2012active for 14 yearsMaalbeekstraat 1, 8790 Waregem, BelgiumKBO/BCE: BE 0849.622.505
Summary

Ragolle Rugs has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €16.1m and a net result of €891,951. Equity remains stable across the filed financial years (±1.3% per year). The computed 12-month bankruptcy probability is below 0.1% (very low).

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Ragolle RugsActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of textiles
NACE 13930
7th largest employer in Waregem, Manufacturing sector1 site
Size
€36.4mturnover 2026
Staff
148 FTE
Equity
€16.1m
Profit
€891,951
Financial health
95 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
BALTA INDUSTRIES · 100%
  • KaatsDirector · permanent representative Katrien Vandenbroucke
  • Victoria Midco Holdings Ltd.Director · permanent representative Roberto Moreno
Auditor: Grant Thornstraat Bedrijfsrevisoren2026 accounts 31 days early
Why 95lowers riskLiquidity: current ratio 3.01, cash €4.5mEquity €16.1m (66.0% of total assets)Figures for financial year 2026 (filed 03-10-2026)Sector: Manufacture of textiles (NACE 13)Show the evidence

Checked score

Score 2026
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 63% of its sector peers (NACE 13, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2025
Strong
Solvency 91=
equity 66.0% of total assets
Liquidity 60+9
short-term debt 31.9% · cash 18.6%
Profitability 63+2
return on assets 3.7%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (55 companies, NACE 13, medium-sized)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025lowest value 06-2025: < 0.1%● unchanged vs 05-2025lowest value 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: 0.1%▲ +0.1 percentage points vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: < 0.1%▼ -0.1 percentage points vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026highest value 10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026
Credit of up to €1,500,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.01, compared with 3.04 in 2025, above the usual 1.5; short-term debt: 31.9% and cash: 18.6% of total assets), and 34% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 13, medium-sized): better than 67% on solvency, 85% on liquidity, 56% on profitability and 45% on growth.

The bankruptcy probability was computed on 28-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 3.01, cash €4.5m
NBB · annual accounts
lowers risk · Equity €16.1m (66.0% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2026 (filed 03-10-2026)
NBB · annual accounts
lowers risk · Sector: Manufacture of textiles (NACE 13)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 30-09-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
31 days early
2025
17 days early
2024
31 days early
2023
25 days early
2021
53 days early
2020
33 days early
2019
15 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 29 days before the deadline; the sector median (NACE 13) for financial year 2024 is 13 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 3 October (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · full…
  2. Resignation: Marc Dessein BV (director)Power of attorney
  3. Reappointment: Grant Thornton Bedrijfsrevisoren BV (statutory…Gazette deed

Key points

  • Positive: 7th largest employer in Waregem, Manufacturing sectorin the Checked rankings No. 7 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2026: €891,951 8 years View
  • Controlled by BALTA INDUSTRIESultimately: VICTORIA P.L.C. 100% View
  • A director leftlatest change 10-07-2026 · 2 in office 1 left View
  • Positive: Result rose in 2026from €685,213 to €891,951 ▲ 30.2% View

By topic

Financials

Financial year
2026
Turnover
€36.4m
Profit
€891,951
Solvency
66.0%
Turnover▼ 1.7%
Net result
20182026
Go to Financials

Board & ownership

Board
2 members
Parent
BALTA INDUSTRIES · 100%
Auditor
Grant Thornstraat Bedrijfsrevisoren
  • KaatsDirector
  • Victoria Midco Holdings Ltd.Director
Go to Board & ownership

Network & group

Group
VICTORIA P.L.C.
Connected companies
7
Mergers and asset contributions
1
Go to Network & group

Timeline

Events
31
Since
2012
Next accounts
by 31-10-2027
  1. 14-10-2025Annual accounts filed
  2. 09-10-2025Resignation: Philippe Hamers (director)
  3. 30-09-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of textilesNACE 13930
Founded
15-10-2012
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
5
Who signs
Two directors jointly
Annual meeting
Last Thursday of September at 10:00
Purpose
“De vennootschap heeft tot doel alle verrichtingen die rechtstreeks of onrechtstreeks…” (deed in Dutch)
Go to Articles of association

Key facts about Ragolle Rugs

What is the company number of Ragolle Rugs?
0849.622.505. In Belgium the VAT number is the company number with BE in front: BE 0849.622.505.
Where is Ragolle Rugs based?
The registered office is at Maalbeekstraat 1, 8790 Waregem.Company details
What does Ragolle Rugs do?
According to the KBO register, the main activity is manufacture of textiles (NACE 13930).
What is the legal form of Ragolle Rugs?
Public limited company (NV).
When was Ragolle Rugs founded?
On 15-10-2012.
Is Ragolle Rugs still active?
Yes, Ragolle Rugs is an active enterprise in the KBO register.
How many employees does Ragolle Rugs have?
On average 148 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
What is the turnover of Ragolle Rugs?
€36.4m in financial year 2026, according to the filed annual accounts.
Is Ragolle Rugs profitable?
In financial year 2026, Ragolle Rugs made a profit of €891,951.
Where can I find the annual accounts of Ragolle Rugs?
Ragolle Rugs filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of Ragolle Rugs due?
By 31-10-2027, for financial year 2027.Timeline

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