RAID
ActiveSummary
RAID has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,462 and a net result of -€394. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 84% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability24▲+16
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 6.11 against 7.57 in 2024; short-term debt: 15.5% and cash: 79.3% of total assets), and 15.5% of the assets are financed with debt.
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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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
84.5%
Return on assets
-1.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-07-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
7 d early
2023
25 d late
2022
30 d late
2021
76 d late
2020
30 d late
2019
24 d 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 15 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€18,462▲ 10.8%
2024 · €16,656
Total assets
€21,847▲ 13.9%
2024 · €19,184
Net result
-€394▲ 82.4%
2024 · -€2,237
Working capital
€17,291▲ 4.1%
2024 · €16,606
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,877▲ 159%-€3,864-€2,317▲ 40.0%-€1,162▲ 49.9%€2,664
Net result€9,748▲ 167%-€4,050-€2,470▲ 39.0%-€2,237▲ 9.4%-€394▲ 82.4%
Equity€25,413▲ 62.2%€21,363▼ 15.9%€18,893▼ 11.6%€16,656▼ 11.8%€18,462▲ 10.8%
Total assets€25,744▲ 60.4%€24,563▼ 4.6%€19,967▼ 18.7%€19,184▼ 3.9%€21,847▲ 13.9%
Debt€330▼ 14.6%€3,200▲ 869%€1,073▼ 66.5%€2,528▲ 135%€3,384▲ 33.9%
Working capital€25,363▲ 62.4%€21,313▼ 16.0%€18,843▼ 11.6%€16,606▼ 11.9%€17,291▲ 4.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,664 after a loss of €1,162 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21,847
Fixed assets
€1,171 ▲ 2,242%
Current assets
€20,676 ▲ 8.1%
Equity and liabilities €21,847
Equity
€18,462 ▲ 10.8%
Debt
€3,384 ▲ 33.9%
Debt's share of the balance-sheet total rises from 13.2% to 15.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2,845
Cash flow
-€212
Current ratio
6.11▼
2024 · 7.57
Debt to equity
0.18▲
2024 · 0.15
ROE
-2.1%▲
2024 · -13.4%
ROA
-1.8%▲
2024 · -11.7%
Interest coverage
0.93
Debt ≤ 1 year
€3,384▲
2024 · €2,528
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,916 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €120 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €182 | - |
| Gross operating margin9900 | €9,877 | -€3,864 | -€2,317 | -€1,042 | €2,845 | ▲ 373% |
| Operating profit (loss)9901 | €9,877 | -€3,864 | -€2,317 | -€1,162 | €2,664 | ▲ 329% |
| Financial income75/76B | - | - | - | - | €1 | - |
| Recurring financial income75 | - | - | - | - | €1 | - |
| Financial charges65/66B | €129 | €141 | €153 | €1,075 | €3,058 | ▲ 184% |
| Recurring financial charges65 | €129 | €141 | €153 | €1,075 | €3,058 | ▲ 184% |
| Profit (loss) for the period before taxes9903 | €9,748 | -€4,004 | -€2,470 | -€2,237 | -€394 | ▲ 82.4% |
| Income taxes67/77 | - | €46 | - | - | - | - |
| Profit (loss) for the period9904 | €9,748 | -€4,050 | -€2,470 | -€2,237 | -€394 | ▲ 82.4% |
| Profit (loss) for the period to be appropriated9905 | €9,748 | -€4,050 | -€2,470 | -€2,237 | -€394 | ▲ 82.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25,744 | €24,563 | €19,967 | €19,184 | €21,847 | ▲ 13.9% |
| Fixed assets21/28 | €50 | €50 | €50 | €50 | €1,171 | ▲ 2,242% |
| Tangible fixed assets22/27 | - | - | - | - | €1,121 | - |
| Plant, machinery and equipment23 | - | - | - | - | €1,121 | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €25,694 | €24,513 | €19,917 | €19,134 | €20,676 | ▲ 8.1% |
| Amounts receivable within one year40/41 | €1,116 | €1,805 | €1,585 | €3,245 | €3,344 | ▲ 3.1% |
| Trade receivables40 | - | €690 | €457 | €896 | €590 | ▼ 34.2% |
| Other amounts receivable41 | €1,116 | €1,116 | €1,128 | €2,349 | €2,754 | ▲ 17.3% |
| Current investments50/53 | €24,458 | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €22,588 | €18,211 | €15,889 | €17,331 | ▲ 9.1% |
| Deferred charges and accrued income490/1 | €120 | €120 | €120 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25,744 | €24,563 | €19,967 | €19,184 | €21,847 | ▲ 13.9% |
| Equity10/15 | €25,413 | €21,363 | €18,893 | €16,656 | €18,462 | ▲ 10.8% |
| Contributions10/11 | €10,700 | €10,700 | €10,700 | €10,700 | €12,900 | ▲ 20.6% |
| Outside capital11 | €10,700 | - | - | - | - | - |
| Other1109/19 | €10,700 | - | - | - | - | - |
| Reserves13 | €186 | €186 | €186 | €186 | €186 | = |
| Non-distributable reserves130/1 | €186 | €186 | €186 | €186 | €186 | = |
| Reserves not available under the articles1311 | €186 | €186 | €186 | €186 | €186 | = |
| Profit (loss) carried forward14 | €14,527 | €10,477 | €8,007 | €5,770 | €5,376 | ▼ 6.8% |
| Amounts payable17/49 | €330 | €3,200 | €1,073 | €2,528 | €3,384 | ▲ 33.9% |
| Amounts payable within one year42/48 | €330 | €3,200 | €1,073 | €2,528 | €3,384 | ▲ 33.9% |
| Trade debts44 | €207 | €1,475 | €902 | €1,028 | €863 | ▼ 16.0% |
| Suppliers440/4 | €207 | €1,475 | €902 | €1,028 | €863 | ▼ 16.0% |
| Taxes, remuneration and social security45 | €123 | €1,725 | €171 | - | €1,022 | - |
| Taxes450/3 | €123 | €525 | €171 | - | €1,022 | - |
| Remuneration and social security454/9 | - | €1,200 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €1,500 | €1,500 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,748 | -€4,050 | -€2,470 | -€2,237 | -€394 | ▲ 82.4% |
| + Depreciation and write-downs630 | - | - | - | - | €182 | - |
| Operating cash flow (approximation) | €9,748 | -€4,050 | -€2,470 | -€2,237 | -€212 | ▲ 90.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1,303 | - |
| Change in cash | - | - | -€4,376 | -€2,322 | €1,442 | ▲ 162% |
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
05-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 18.56
Current ratio from 7.66 to 18.56; short-term debt falls from €3,200 to €1,073.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€4,050
Net result drops to -€4,050, the lowest in the series; recovery starts the following year.
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 76 days late
2021
31-12
Financial
Highest result since 2018net €9,748 ▲167%
Operating result €9,877, net result €9,748, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Schaarbeek · 1 establishment unit since 2007
Ground area
73 m²
Building footprint
58 m²
Volume, LiDAR
700 m³
Parcel 21910E0176/00P005, Brussels · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RAID
since 20072.163.393.374
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0176/00P005 | Brussels | 73 m² | 1 · 58 m² | 15.0 m · 4 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.
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Of 2,262 companies in sector 71113 we hold annual accounts for 658. 494 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
71113Urban planning and landscape architecture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889517120
Also
9925:BE0889517120
Registered
18-04-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.