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Generated 06-08-2026
Active BE 0461.817.394Private limited company

RAI'S

Groentemarkt 11 ·9160 Lokeren, Belgium· 28 yrs active
Sector: Retail trade (47621)
Conclusion Checked

The computed 12-month bankruptcy probability of RAI'S is 0.5% (very low). The 2025 annual accounts show equity of €137k and a net result of €4k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 87% of 1406 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €137k
Net result €4k
Better than sector 87%
Active 28 yrs
Snowflake analysis 5 axes · computed by Checked
Health86Profitability14Solvency100Growth78Stability100
76 / 100

Exceptional profile, strong across almost every axis.

Health 86
Profitability 14
Solvency 100
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.5% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Higher-failure-rate sector +Annual accounts: healthy financial profile −

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
Long-established
Founded in 1997, 28 years in business.
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 2025 · computed
86 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 15-01-2026 with the NBB · fiscal year 2025 · micro
€0€10k€20kOperating result 2021: €11k€11kNet result 2021: €7k€7kOperating result 2022: €23k€23kNet result 2022: €16k€16kOperating result 2023: €21k€21kNet result 2023: €17k€17kOperating result 2024: €20k€20kNet result 2024: €12k€12kOperating result 2025: €11k€11kNet result 2025: €4k€4k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~10.3%/year over 7 fiscal years, indicative, assuming unchanged policy.
€50k€100k€150k€200k2026: €154k (€143k - €165k)2027: €169k (€158k - €180k)2028: €187k (€176k - €198k)2019: €79k2020: €85k2021: €92k2022: €104k2023: €121k2024: €133k2025: €137k2019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 74.8% 23.7%
better than 87% of 1406 sector peers
Net result €4k €8k
better than 43% of 1403 sector peers
Equity €137k €26k
better than 86% of 1407 sector peers
Gross operating margin €17k €36k
better than 35% of 1400 sector peers
Total assets €183k €133k
better than 60% of 1407 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€15k
-37.7% -43% vs sector
Net profit
€4k
-67.6% -58% vs sector
Cash flow
€8k
-50.4% -61% vs sector
Total assets
€183k
+16.6% +29% vs sector
Equity
€137k
+3.0% +153% vs sector
Working capital
€56k
+16.9% -18% vs sector
Income taxes
€3k
-33.7% +147% vs sector
Debt
€46k
+92.4% -34% vs sector
Debt ≤ 1y
€46k
+92.4% -34% vs sector
Debt > 1y
€10k
-49.6% -87% vs sector
Current ratio
2.21
-26.1% +19% vs sector
Quick ratio
1.35
-30.1% +6% vs sector
Solvency
74.8%
-11.7% +61% vs sector
Debt / equity
0.34
+86.9% -71% vs sector
ROE
2.9%
-68.5% -78% vs sector
ROA
2.2%
-72.2% -65% vs sector
Interest coverage
4.04
-50.8% -93% vs sector
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€15k
Net profit€4k
Cash flow€8k
Staff costs-
Income taxes€3k
Dividends-
Total assets€183k
Equity€137k
Debt€46k
of which ≤ 1y€46k
of which > 1y-
Working capital€56k
Employees (FTE)-
Ratios (computed)
2025
Current ratio2.21
Quick ratio1.35
Working capital ratio30.5%
Solvency74.8%
Debt / equity0.34
Long-term debt ratio-
Interest coverage4.04
Gross margin-
Net margin-
ROA2.2%
ROE2.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€183k
Fixed assets 21/28€81k
Tangible fixed assets 22/27€80k
Financial fixed assets 28€815
Current assets 29/58€102k
Stocks & contracts in progress 3€39k
Amounts receivable within one year 40/41€38k
Cash & bank 54/58€23k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€183k
Equity 10/15€137k
Contributions / capital 10/11€19k
Reserves 13€118k
Amounts payable 17/49€46k
Amounts payable within one year 42/48€46k
Trade debts payable within one year 44€40k
Income statement
Gross operating margin 9900€17k
Operating result 9901€11k
Financial income 75€1
Financial charges 65€4k
Result before taxes 9903€7k
Income taxes 67/77€3k
Net result for the period 9904€4k
Result to be appropriated 9905€4k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Current directors & mandates
  • Singh Aron
    Director
    State Gazette act 23015616 (01-02-2023)
    Current
    01-10-2022 → present
  • Singh Jaswinder
    Director
    State Gazette act 23015616 (01-02-2023)
    Current
    01-10-2022 → present
Former directors (1)
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Retail trade(47621)
Legal form Private limited company(610)
Incorporation31-10-1997
StatusActive
Postal code9160
Establishment units 1 location
Stationsplein 3, 9160 Lokeren
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
since 20252.371.113.233
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 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46384E0159/00A000
ProtectedMonument · Townscape or village viewBurgerhuis in rococoSource ↗
 Flanders 147 m² 1 · 146 m² 13.2 m · 2 fl.
46014A0678/00Z000
ProtectedTownscape or village viewStadskern LokerenSource ↗
 Flanders 113 m² 1 · 113 m² 10.3 m · 1 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 12 events

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

2026
17-02-2026
State Gazette act Director changes
v3.2
15-01-2026
NBB filing Annual accounts filed
fiscal year 2025 · micro
2025
20-01-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
05-01-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
01-02-2023
State Gazette act Director changes
v3.2
26-01-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
28-01-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
11-01-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
14-01-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
15-01-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2017
29-12-2017
NBB filing Annual accounts filed
fiscal year 2017 · micro
26-01-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 5 months ago
2026
17-02-2026 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0461.817.394",
    "name_full": "RAI\u0027S",
    "legal_form": "BV"
  }
}
2023
01-02-2023 2 directors appointed, 1 resigning Director changes
  • Singh Jaswinder, Bestuurder
  • Singh Aron, Bestuurder
  • Van Bauwel Kathleen, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Van Bauwel Kathleen",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2022-09-30",
      "evidence_quote": "het ontslag van Van Bauwel Kathleen, N.N.681028-176.94, als bestuurder van de vennootscha\u0440, met ingang op 30/09/2022"
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Singh Jaswinder",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2022-10-01",
      "evidence_quote": "de benoeming van: Singh Jaswinder, N.N.630303-481.94 en Singh Aron, N.N.631210-161.24, als bestuurders van de vennootschap, met ingang op 01/10/2022."
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Singh Aron",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2022-10-01",
      "evidence_quote": "de benoeming van: Singh Jaswinder, N.N.630303-481.94 en Singh Aron, N.N.631210-161.24, als bestuurders van de vennootschap, met ingang op 01/10/2022."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0461.817.394",
    "name_full": "RAI\u0027S",
    "legal_form": "BVBA"
  }
}
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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
Activities
Detailhandel in kranten en kantoorbehoeften in gespecialiseerde winkels47620Detailhandel in kranten en andere tijdschriften47621Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)47112Niet-gespecialiseerde detailhandel in algemene voedingsmiddelen (verkoopsoppervlakte minder dan 100 m2)52112Detailhandel in boeken, kranten, tijdschriften en kantoorbehoeften52470
Primary activity highlighted.
Names & trade names
Legal nameNL RAI'S
Registered office
Groentemarkt 11
9160 Lokeren, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative