RaiCha
ActiveSummary
RaiCha has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €305k and a net result of €-43k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-2
Solvency63▼-28
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.42 in 2024; short-term debt: 61.8% and cash: 0.7% of total assets), and 61.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-43k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-12-2025, 139 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
139 d early
2024
55 d early
2023
55 d early
2022
54 d early
2021
16 d early
2020
12 d late
2019
62 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€305k▼ 12.3%
2024 · €347k
2018: €28k
2019: €-4k▼ -116% vs 2018lowest in 8 years
2020: €803k▲ +18059% vs 2019highest in 8 years
2021: €781k▼ -2.7% vs 2020
2022: €435k▼ -44.3% vs 2021
2023: €368k▼ -15.5% vs 2022
2024: €347k▼ -5.5% vs 2023
2025: €305k▼ -12.3% vs 2024
2018 → 2025
Total assets
€797k▲ 52.2%
2024 · €524k
2018: €1.20M
2019: €1.53M▲ +27.1% vs 2018
2020: €1.88M▲ +22.7% vs 2019
2021: €1.88M▲ +0.3% vs 2020highest in 8 years
2022: €811k▼ -57.0% vs 2021
2023: €513k▼ -36.7% vs 2022lowest in 8 years
2024: €524k▲ +2.0% vs 2023
2025: €797k▲ +52.2% vs 2024
2018 → 2025
Net result
€-43k▼ 114%
2024 · €-20k
2018: €-36k
2019: €-33k▲ +9.7% vs 2018
2020: €-93k▼ -184% vs 2019
2021: €-22k▲ +76.3% vs 2020
2022: €-146k▼ -561% vs 2021lowest in 8 years
2023: €-68k▲ +53.6% vs 2022
2024: €-20k▲ +70.3% vs 2023highest in 8 years
2025: €-43k▼ -114% vs 2024
2018 → 2025
Working capital
€-449k▼ 339%
2024 · €-102k
2018: €-525k
2019: €-567k▼ -8.1% vs 2018lowest in 8 years
2020: €-443k▲ +22.0% vs 2019
2021: €-462k▼ -4.5% vs 2020
2022: €44k▲ +110% vs 2021highest in 8 years
2023: €-38k▼ -186% vs 2022
2024: €-102k▼ -171% vs 2023
2025: €-449k▼ -339% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€781k-€435k▼ 44.3%€368k▼ 15.5%€347k▼ 5.5%€305k▼ 12.3%
2021: €781khighest in 5 years
2022: €435k▼ -44.3% vs 2021
2023: €368k▼ -15.5% vs 2022
2024: €347k▼ -5.5% vs 2023
2025: €305k▼ -12.3% vs 2024lowest in 5 years
Operating result€2k-€115k▲ 6,314%€-64k€-18k▲ 71.3%€-30k▼ 62.1%
2021: €2k
2022: €115k▲ +6314% vs 2021highest in 5 years
2023: €-64k▼ -155% vs 2022lowest in 5 years
2024: €-18k▲ +71.3% vs 2023
2025: €-30k▼ -62.1% vs 2024
Net result€-22k-€-146k▼ 561%€-68k▲ 53.6%€-20k▲ 70.3%€-43k▼ 114%
2021: €-22k
2022: €-146k▼ -561% vs 2021lowest in 5 years
2023: €-68k▲ +53.6% vs 2022
2024: €-20k▲ +70.3% vs 2023highest in 5 years
2025: €-43k▼ -114% vs 2024
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 stays negative: a loss of €30k in 2025 against €18k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €797k
Fixed assets
€753k ▲ 67.5%
Current assets
€44k ▼ 41.0%
Equity and liabilities €797k
Equity
€305k ▼ 12.3%
Debt
€492k ▲ 180%
Debt's share of the balance-sheet total rises from 33.6% to 61.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-29k▼
2024 · €-18k
Cash flow
€-42k▼
2024 · €-20k
Current ratio
0.09▼
2024 · 0.42
Debt to equity
1.62▲
2024 · 0.51
ROE
-14.1%▼
2024 · -5.8%
ROA
-5.4%▼
2024 · -3.8%
Interest coverage
-2.81▲
2024 · -5.23
Debt ≤ 1 year
€492k▲
2024 · €176k
Income taxes
€3k▲
2024 · €77
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€524k€797k▲
Fixed assets21/28€450k€753k▲
Tangible fixed assets22/27€450k€753k▲
Land and buildings22€434k€434k=
Plant, machinery and equipment23€724€240▼
Assets under construction and advance payments27€15k€319k▲
Current assets29/58€74k€44k▼
Amounts receivable within one year40/41€69k€33k▼
Trade receivables40€17k€3k▼
Other amounts receivable41€52k€30k▼
Cash at bank and in hand54/58€2k€6k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€524k€797k▲
Equity10/15€347k€305k▼
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Revaluation surpluses12€300k€300k=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Profit (loss) carried forward14€-463k€-505k▼
Amounts payable17/49€176k€492k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€176k€492k▲
Current portion of amounts payable after more than one year42€26k€0▼
Financial debts43-€305k
Credit institutions430/8-€305k
Trade debts44€28k€35k▲
Suppliers440/4€28k€35k▲
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€4k€4k▼
Other amounts payable47/48€118k€149k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€484€484=
Other operating charges640/8€6k€40k▲
Gross operating margin9900€-11k€11k▲
Operating profit (loss)9901€-18k€-30k▼
Financial income75/76B€2k€0▼
Recurring financial income75€2k€0▼
Financial charges65/66B€3k€10k▲
Recurring financial charges65€3k€10k▲
Profit (loss) for the period before taxes9903€-20k€-40k▼
Income taxes67/77€77€3k▲
Profit (loss) for the period9904€-20k€-43k▼
Profit (loss) for the period to be appropriated9905€-20k€-43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-463k€-505k▼
Profit (loss) brought forward from the previous period14P€-442k€-463k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €281k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37k | €18k | €18k | €484 | €484 | = |
| Other operating charges640/8 | €14k | €7k | €6k | €6k | €40k | ▲ 536% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €53k | €139k | €-40k | €-11k | €11k | ▲ 198% |
| Operating profit (loss)9901 | €2k | €115k | €-64k | €-18k | €-30k | ▼ 62.1% |
| Financial income75/76B | €688 | €20k | €3k | €2k | €0 | ▼ 100% |
| Recurring financial income75 | €688 | €20k | €3k | €2k | €0 | ▼ 100% |
| Financial charges65/66B | €24k | €281k | €7k | €3k | €10k | ▲ 205% |
| Recurring financial charges65 | €24k | €32k | €7k | €3k | €10k | ▲ 205% |
| Non-recurring financial charges66B | - | €249k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-22k | €-146k | €-68k | €-20k | €-40k | ▼ 101% |
| Income taxes67/77 | €195 | €-31 | €-18 | €77 | €3k | ▲ 3,491% |
| Profit (loss) for the period9904 | €-22k | €-146k | €-68k | €-20k | €-43k | ▼ 114% |
| Profit (loss) for the period to be appropriated9905 | €-22k | €-146k | €-68k | €-20k | €-43k | ▼ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.88M | €811k | €513k | €524k | €797k | ▲ 52.2% |
| Fixed assets21/28 | €1.79M | €453k | €435k | €450k | €753k | ▲ 67.5% |
| Tangible fixed assets22/27 | €1.37M | €453k | €435k | €450k | €753k | ▲ 67.5% |
| Land and buildings22 | €1.34M | €451k | €434k | €434k | €434k | = |
| Plant, machinery and equipment23 | €35k | €2k | €1k | €724 | €240 | ▼ 66.8% |
| Assets under construction and advance payments27 | - | - | - | €15k | €319k | ▲ 2,026% |
| Financial fixed assets28 | €411k | €0 | - | - | - | - |
| Current assets29/58 | €98k | €358k | €78k | €74k | €44k | ▼ 41.0% |
| Amounts receivable within one year40/41 | €94k | €357k | €75k | €69k | €33k | ▼ 51.5% |
| Trade receivables40 | €0 | €7k | €10k | €17k | €3k | ▼ 81.3% |
| Other amounts receivable41 | €94k | €350k | €65k | €52k | €30k | ▼ 42.1% |
| Cash at bank and in hand54/58 | €2 | €0 | €803 | €2k | €6k | ▲ 140% |
| Deferred charges and accrued income490/1 | €5k | €1k | €2k | €2k | €4k | ▲ 86.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.88M | €811k | €513k | €524k | €797k | ▲ 52.2% |
| Equity10/15 | €781k | €435k | €368k | €347k | €305k | ▼ 12.3% |
| Contributions10/11 | €500k | €500k | €500k | €500k | €500k | = |
| Capital10 | €500k | €500k | €500k | €500k | €500k | = |
| Issued capital100 | €500k | €500k | €500k | €500k | €500k | = |
| Revaluation surpluses12 | €500k | €300k | €300k | €300k | €300k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | €10k | €10k | €10k | €10k | €10k | = |
| Legal reserve130 | €10k | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €-229k | €-375k | €-442k | €-463k | €-505k | ▼ 9.3% |
| Amounts payable17/49 | €1.10M | €376k | €146k | €176k | €492k | ▲ 180% |
| Amounts payable after more than one year17 | €516k | €52k | €26k | €0 | - | - |
| Financial debts170/4 | €516k | €52k | €26k | €0 | - | - |
| Amounts payable within one year42/48 | €561k | €314k | €116k | €176k | €492k | ▲ 180% |
| Current portion of amounts payable after more than one year42 | €52k | €26k | €26k | €26k | €0 | ▼ 100% |
| Financial debts43 | €100k | €47 | €0 | - | €305k | - |
| Credit institutions430/8 | €100k | €47 | €0 | - | €305k | - |
| Trade debts44 | €33k | €31k | €25k | €28k | €35k | ▲ 24.2% |
| Suppliers440/4 | €33k | €31k | €25k | €28k | €35k | ▲ 24.2% |
| Taxes, remuneration and social security45 | €24k | €10k | €5k | €4k | €4k | ▼ 4.8% |
| Taxes450/3 | €24k | €10k | €5k | €4k | €4k | ▼ 4.8% |
| Other amounts payable47/48 | €352k | €248k | €60k | €118k | €149k | ▲ 26.6% |
| Accrued charges and deferred income492/3 | €26k | €9k | €3k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €-146k | €-68k | €-20k | €-43k | ▼ 114% |
| + Depreciation and write-downs630 | €37k | €18k | €18k | €484 | €484 | = |
| Operating cash flow (approximation) | €15k | €-128k | €-50k | €-20k | €-42k | ▼ 116% |
| Investment in fixed assets (approximation) | - | €1.32M | €0 | €-15k | €-304k | ▼ 1,926% |
| Change in cash | - | €-2 | €803 | €2k | €3k | ▲ 109% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-01
State Gazette act
Capital & shares · Purpose · Statutes amendment · Resignations & appointments · RestructuringMerger · Dissolution · Net-asset statement13 facts ▸
State Gazette act
Capital & shares · Purpose · Statutes amendment · Resignations & appointments · Restructuring
Merger · Dissolution · Net-asset statement13 facts ▸
- General meeting, 19-12-2025
- Merger, 19-12-2025
- Dissolution, 19-12-2025
- Net-asset statement, 30-09-2025
- Accounting effect, 01-10-2025
- Name change, RaiCha
- Purpose change, Het oprichten, het ter beschikking stellen, exploiteren verhuren en/of verkopen van één of meerdere crematoria... [full text in act]
- Power of attorney, D&P IEPER
- Merger proposal filing, 06-11-2025
- Merger proposal publication, 17-11-2025
- Share cancellation, RaiCha
- Governance change, monistisch, raad van bestuur
- +1 further facts in this act
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
06-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet €-146k
Net result drops to €-146k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 6current ratio 1.14
Current ratio from 0.18 to 1.14; short-term debt falls from €561k to €314k.
14-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
30-09
Financial
Equity above €500kEq €803k
Equity rises from €-4k to €803k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 62 days late
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 3 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
13 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lochristi · 1 establishment unit since 1991
Ground area
2,206 m²
Building footprint
769 m²
Volume, LiDAR
4,150 m³
Parcel 44077B0010/00A000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ADB
since 19912.054.354.090
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44077B0010/00A000 | Flanders | 2,206 m² | 1 · 769 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Acquisitions and mergers
1 transactionTook over:RaiCha
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,076 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-09-1991
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.