RAGTIME
ActiveSummary
The computed 12-month bankruptcy probability of RAGTIME is 1.7% (moderate). The 2024 annual accounts show equity of €15,799 and a net result of -€4,990. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 81% of 6,090 sector peers (NACE 96, financial year 2024). The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 1 FTE
- Equity
- €15,799
- Loss
- -€4,990
Why 54raises riskFigures for financial year 2024 (filed 10-10-2025)1 financial year not filed after the legal deadline; last filed accounts filed 67 days late; 2 of the last 3 lateLoss of €4,990, the second in a row (financial year 2024)lowers riskFounded in 1991Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 96, micro): better than 80% on solvency, 39% on liquidity, 9% on profitability and 21% on growth.
The bankruptcy probability was computed on 27-10-2026 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
This company filed its last 6 accounts on average 103 days after the deadline; the sector median (NACE 96) for financial year 2024 is on the deadline day, and 48% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
- Weakest financial yearnet -€4,990
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 28 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result stays negative: a loss of €5,455 in 2024 against €3,146 in 2023; the loss grows and 2024 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 5,831 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,831 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €2,280 | €15,181 | €20,982 | €22,444 | ▲ 7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €188 | €188 | €187 | €235 | €329 | €141 | €142 | ▲ 0.7% |
| Other operating charges640/8 | - | - | - | €581 | €738 | €694 | €913 | ▲ 31.6% |
| Gross operating margin9900 | €6,144 | €16,446 | €9,798 | €16,428 | €17,512 | €18,671 | €18,044 | ▼ 3.4% |
| Operating profit (loss)9901 | -€3,089 | -€2,395 | €3,122 | €13,332 | €1,264 | -€3,146 | -€5,455 | ▼ 73.4% |
| Financial income75/76B | - | - | - | €213 | €548 | €550 | €652 | ▲ 18.5% |
| Recurring financial income75 | €287 | €1 | - | €213 | €548 | €550 | €652 | ▲ 18.5% |
| Financial charges65/66B | - | - | - | €211 | €214 | €193 | €187 | ▼ 3.1% |
| Recurring financial charges65 | €281 | €213 | €76 | €211 | €214 | €193 | €187 | ▼ 3.1% |
| Profit (loss) for the period before taxes9903 | -€3,083 | -€2,607 | €3,046 | €13,334 | €1,598 | -€2,789 | -€4,990 | ▼ 78.9% |
| Income taxes67/77 | - | - | - | €582 | €363 | - | - | - |
| Profit (loss) for the period9904 | -€3,083 | -€2,607 | €3,046 | €12,752 | €1,235 | -€2,789 | -€4,990 | ▼ 78.9% |
| Profit (loss) for the period to be appropriated9905 | -€3,083 | -€2,607 | €3,046 | €12,752 | €1,235 | -€2,789 | -€4,990 | ▼ 78.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €19,827 | €15,806 | €11,312 | €24,385 | €30,973 | €29,624 | €23,919 | ▼ 19.3% |
| Fixed assets21/28 | €859 | €671 | €484 | €1,426 | €1,097 | €956 | €814 | ▼ 14.9% |
| Tangible fixed assets22/27 | €751 | €563 | €376 | €1,318 | €989 | €848 | €706 | ▼ 16.7% |
| Plant, machinery and equipment23 | - | - | - | €761 | €490 | €407 | €324 | ▼ 20.4% |
| Furniture and vehicles24 | - | - | - | €557 | €499 | €441 | €382 | ▼ 13.4% |
| Financial fixed assets28 | €108 | €108 | €108 | €108 | €108 | €108 | €108 | = |
| Current assets29/58 | €18,968 | €15,135 | €10,828 | €22,959 | €29,876 | €28,668 | €23,105 | ▼ 19.4% |
| Stocks and contracts in progress3 | €9,785 | €8,535 | €8,424 | €8,327 | €8,908 | €9,184 | €7,953 | ▼ 13.4% |
| Stocks30/36 | - | - | - | €8,327 | €8,908 | €9,184 | €7,953 | ▼ 13.4% |
| Amounts receivable within one year40/41 | €6,022 | €24 | - | €4,446 | €10,522 | €11,576 | €10,634 | ▼ 8.1% |
| Trade receivables40 | - | - | - | - | €851 | €1,244 | €335 | ▼ 73.1% |
| Other amounts receivable41 | - | - | - | €4,446 | €9,671 | €10,332 | €10,299 | ▼ 0.3% |
| Cash at bank and in hand54/58 | €2,576 | €4,148 | €1,201 | €7,705 | €7,612 | €7,483 | €2,240 | ▼ 70.1% |
| Deferred charges and accrued income490/1 | - | - | - | €2,481 | €2,834 | €425 | €2,278 | ▲ 436% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €19,827 | €15,806 | €11,312 | €24,385 | €30,973 | €29,624 | €23,919 | ▼ 19.3% |
| Equity10/15 | €9,152 | €6,545 | €9,591 | €22,343 | €23,578 | €20,789 | €15,799 | ▼ 24.0% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | -€9,440 | -€12,047 | -€9,001 | €3,751 | €4,986 | €2,197 | -€2,793 | - |
| Amounts payable17/49 | €10,675 | €9,261 | €1,721 | €2,042 | €7,395 | €8,835 | €8,120 | ▼ 8.1% |
| Amounts payable within one year42/48 | €10,675 | €9,261 | €1,721 | €2,042 | €7,395 | €8,835 | €8,120 | ▼ 8.1% |
| Trade debts44 | €3,933 | €2,739 | €544 | €141 | €811 | €2,033 | €1,809 | ▼ 11.0% |
| Suppliers440/4 | - | - | - | €141 | €811 | €2,033 | €1,809 | ▼ 11.0% |
| Taxes, remuneration and social security45 | - | - | - | €1,901 | €6,584 | €6,802 | €6,311 | ▼ 7.2% |
| Taxes450/3 | - | - | - | €1,599 | €3,370 | €2,444 | €2,040 | ▼ 16.5% |
| Remuneration and social security454/9 | - | - | - | €302 | €3,214 | €4,358 | €4,271 | ▼ 2.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,083 | -€2,607 | €3,046 | €12,752 | €1,235 | -€2,789 | -€4,990 | ▼ 78.9% |
| + Depreciation and write-downs630 | €188 | €188 | €187 | €235 | €329 | €141 | €142 | ▲ 0.7% |
| Operating cash flow (approximation) | -€2,895 | -€2,419 | €3,233 | €12,987 | €1,564 | -€2,648 | -€4,848 | ▼ 83.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,177 | €0 | €0 | €0 | - |
| Change in cash | - | €1,572 | -€2,947 | €6,504 | -€93 | -€129 | -€5,243 | ▼ 3,964% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 06-10-2025 | 2025-00538164 |
| 31-12-2023 | micro format | 06-10-2025 | 2025-00538162 |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00420666 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20343091 |
| 31-12-2020 | micro format | 29-08-2021 | 2021-57300333 |
| 31-12-2019 | micro format | 01-09-2020 | 2020-50500210 |
| 31-12-2018 | micro format | 13-09-2019 | 2019-64300003 |
| 31-12-2017 | micro format | 18-09-2018 | 2018-63300271 |
| 31-12-2016 | micro format | 18-09-2017 | 2017-61300403 |
| 31-12-2015 | full format | 31-08-2016 | 2016-58400341 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MOMMAERTS Pascale |
|
| PIMENTA RAMOS Fernanda |
|
Owners and capital
Capital and shareholders
- 30-01-2024 Converted to unavailable equity · €18,592.01
Group and network
Connections & network
No sitting directors or connected companies in the Gazette act read.
History
Acts, filings and financial milestones
30-01
Gazette deed
Resignations: MOMMAERTS Pascale (manager) and PIMENTA RAMOS Fernanda (manager)Appointments: MOMMAERTS Pascale (administrateur non statutaire) and PIMENTA RAMOS Fernanda (administrateur non statutaire) · Legal-form conversion · Capital conversion12 facts ▸
- General meeting, 15-01-2024
- Legal-form conversion, “société à responsabilité limitée (en abrégé SRL)” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Declaration, “absence de réserve légale, il n'y a pas de réserve légale à ce jour” (deed in French)
- Capital
- Share issue, 750, “Chaque action donne un droit égal dans la répartition des bénéfices et des produits de la liquidation” (deed in French)
- Director resignation, MOMMAERTS Pascale (manager)
- Director resignation, PIMENTA RAMOS Fernanda (manager)
- Director appointment, MOMMAERTS Pascale (administrateur non statutaire)
- Director appointment, PIMENTA RAMOS Fernanda (administrateur non statutaire)
- Other provision, “discharge of resigning directors, general meeting will decide at the next annual general meeting on the discharge of the resigning directors for the execution o…” (deed in French)
- Registered office clause, “1170 Watermael-Boitsfort, Place Eugène Keym 46” (deed in French)
Show earlier events
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21017D0156/02_000 | Brussels | 3,265 m² | 1 · 3,515 m² | 25.7 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’acquisition, la gestion et la cession de tous fonds de commerce tels que sans que cette liste soit exhaustive des salons de coiffure…” (deed in French)
3 activities (deed in French)
- L’acquisition, la gestion et la cession de tous fonds de commerce tels que sans que cette liste soit exhaustive des salons de coiffure, lavoirs, restaurants, débits de boissons, magasins de détail, commerces de gros, entreprises artisanales.
- Elle peut faire toutes opérations commerciales, industrielles ou financières, mobilières ou immobilières, généralement quelconques s’y rapportant directement ou indirectement.
- La société peut également s’intéresser par voie d’association, d’apport, de cession, de fusion, de souscription dans toutes autres entreprises ou sociétés, en Belgique et à l’étranger, dont l’objet serait analogue ou connexe au sien, ou susceptible de favoriser directement ou indirectement ses affaires.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- RAGTIME
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- 4 provisions in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- 2 provisions in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Libre de céder tout ou partie de ses actions librement” (deed in French)1 more provision on this in the deed
- Share issue ruleHow and by whom new shares can be issued.
- 4 provisions in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of June at 11:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed