RAHSA

Active

Private limited companyfounded 20178 yrs activeSint-Katelijnevest 36, 2000 Antwerpen, BelgiumKBO/BCE: BE 0685.951.831

The computed 12-month bankruptcy probability of RAHSA is 2.8% (moderate). The 2025 annual accounts show equity of €22k and a net result of €18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 13270 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

48 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability82▲+5

Solvency38▲+11

Growth78=

Track record100

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity short (current ratio 0.95 against 0.81 in 2024; short-term debt: 67.9% and cash: 5.2% of total assets), and 86.9% of the assets are financed with debt.

How do we compute the score and the probability?

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

13.1%

Return on assets

11%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 8 filings

Deviation from the deadline

2025

21 d late

2024

14 d late

2023

362 d late

2022

337 d late

2021

89 d late

2020

30 d late

2019

67 d late

← before the deadline after the deadline →

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 months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€22k▲ 512%

2024 · €4k

2018: €-4k 2019: €-27k 2020: €-27k 2021: €-33k 2022: €-47k 2023: €-10k 2024: €4k

2018 → 2025

Total assets

€168k▼ 16.5%

2024 · €201k

2018: €36k 2019: €24k 2020: €16k 2021: €14k 2022: €24k 2023: €72k 2024: €201k

2018 → 2025

Net result

€18k▲ 33.9%

2024 · €14k

2018: €-29k 2019: €-23k 2020: €429 2021: €-6k 2022: €-14k 2023: €37k 2024: €14k

2018 → 2025

Working capital

€-6k▲ 82.5%

2024 · €-32k

2018: €-8k 2019: €-9k 2020: €-8k 2021: €-12k 2022: €-27k 2023: €1k 2024: €-32k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-33k-€-47k▼ 42.1%€-10k▲ 78.3%€4k€22k▲ 512%

Operating result€-6k-€-14k▼ 127%€46k€22k▼ 52.3%€28k▲ 29.9%

Net result€-6k-€-14k▼ 128%€37k€14k▼ 62.5%€18k▲ 33.9%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 30% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €168k

35.4%

64.6%

Fixed assets €59k▼ 11.5%

Current assets €109k▼ 19.0%

Equity and liabilities €168k

13.1%

86.9%

Equity €22k▲ 512%

Debt €146k▼ 26.2%

The debt ratio falls from 98.2% to 86.9%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€40k▲

2024 · €31k

Cash flow

€30k▲

2024 · €23k

Solvency

13.1%▲

2024 · 1.8%

Current ratio

0.95▲

2024 · 0.81

Quick ratio

0.71▼

2024 · 0.73

Debt / equity

6.62▼

2024 · 54.86

ROE

83.7%▼

2024 · 382.7%

ROA

11.0%▲

2024 · 6.9%

Interest coverage

27.92▼

2024 · 32.54

Debt

€146k▼

2024 · €198k

Debt ≤ 1 year

€114k▼

2024 · €166k

Debt > 1 year

€32k=

2024 · €32k

Income taxes

€8k▲

2024 · €7k

Staff costs

€12k▼

2024 · €18k

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€201k€168k▼

Fixed assets21/28€67k€59k▼

Tangible fixed assets22/27€36k€42k▲

Land and buildings22€2k€7k▲

Plant, machinery and equipment23€27k€30k▲

Furniture and vehicles24€3k€3k▼

Other tangible fixed assets26€3k€2k▼

Financial fixed assets28€32k€18k▼

Current assets29/58€134k€109k▼

Stocks and contracts in progress3€13k€27k▲

Stocks30/36€13k€27k▲

Amounts receivable within one year40/41€108k€73k▼

Trade receivables40€90k€68k▼

Other amounts receivable41€18k€4k▼

Cash at bank and in hand54/58€14k€9k▼

Equity and liabilities

Total equity and liabilities10/49€201k€168k▼

Equity10/15€4k€22k▲

Contributions10/11€25k€25k=

Profit (loss) carried forward14€-21k€-3k▲

Amounts payable17/49€198k€146k▼

Amounts payable after more than one year17€32k€32k=

Other amounts payable178/9€32k€32k=

Amounts payable within one year42/48€166k€114k▼

Trade debts44€110k€59k▼

Suppliers440/4€110k€59k▼

Taxes, remuneration and social security45€16k€25k▲

Taxes450/3€16k€24k▲

Remuneration and social security454/9€291€1k▲

Other amounts payable47/48€40k€30k▼

Income statement Code20242025

Remuneration, social security and pensions62€18k€12k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€12k▲

Other operating charges640/8€6k€5k▼

Non-recurring operating charges66A-€20k

Gross operating margin9900€55k€77k▲

Operating profit (loss)9901€22k€28k▲

Financial income75/76B€19€27▲

Recurring financial income75€19€27▲

Financial charges65/66B€942€1k▲

Recurring financial charges65€942€1k▲

Profit (loss) for the period before taxes9903€21k€27k▲

Income taxes67/77€7k€8k▲

Profit (loss) for the period9904€14k€18k▲

Profit (loss) for the period to be appropriated9905€14k€18k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-21k€-3k▲

Profit (loss) brought forward from the previous period14P€-35k€-21k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 11Financial 3Filings 8

Next filing, fiscal year 2026, expected by 31-07-2027

2026

21-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 21 days late

2025

14-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 14 days late

28-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 362 days late

2024

02-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 337 days late

2023

31-12

Financial Back to profitnet €37k

Net result €37k after 2 loss-making years.

31-12

Financial Liquidity triplescurrent ratio 1.03

Current ratio from 0.31 to 1.03.

2022

28-10

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 89 days late

2021

30-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

2020

31-12

Financial Back to profitnet €429

Net result €429 after 2 loss-making years.

06-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 67 days late

2019

16-12

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 138 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

7 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, Antwerpen · 3 establishment units since 2023

establishment All 3 establishment units on the map

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.

Sint-Katelijnevest 362000 Antwerpen

Ground area

3,566 m²

Building footprint

3,676 m²

Volume, LiDAR

1,754 m³

3 parcels, Flanders · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.

3 establishment units

KIRBIE

Sint-Katelijnevest 36, 2000 AntwerpenFood and beverage service activities

since 20232.341.241.389

KIRBIE

Sint-Bernardsesteenweg 135, 2020 AntwerpenFood and beverage service activities

since 20242.356.122.773

KIRBIE

Botermarkt 7, 2800 MechelenFull-service restaurants

since 20252.371.470.549

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11809I2443/00L003	Flanders	3,445 m²	1 · 3,546 m²	-
12025C0091/00G000	Flanders	82 m²	1 · 82 m²	15.1 m · 5 fl.
11803C2295/00D000	Flanders	39 m²	1 · 48 m²	16.9 m · 5 fl.