Losses
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
Green is investment, beige is depreciation.
Five of the last ten came late. The 2021 accounts came latest: 76 days after the end of the period.
In July 2024, 6,908 companies had the same profile as RAID has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for RAID. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| RAID Schaerbeek | €21,847 | €2,845 | 84.5% | - |
| Votre jardin nous parle Braine-le-Comte | €20,629 | €3,473 | 59.7% | - |
| DE SCHARNIER Herselt | €13,861 | €3,749 | -1589.6% | - |
| SAFIX Tournai | €18,714 | -€2,050 | -596.0% | - |
| jos vandenbreeden erfgoedarchitecten Mechelen | €10,037 | €5,307 | 86.0% | - |
| GROW Architecture Steenokkerzeel | €31,073 | -€1,714 | -341.7% | - |
| BELLOY JO Staden | €41,596 | €964 | 19.6% | - |
These companies have the same main activity as RAID: urban planning and landscape architecture (NACE 71113). They are comparable in size and age: total assets between €10,000 and €41,600, founded between 2000 and 2014.
RAID files the micro format. That format states no turnover. The gross margin rose from -€1,676 in 2007 to €2,845 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €14,000. Estimated: probably between €8,700 and €28,000.
Higher than 84% of 12,247 companies in 2025.
Higher than 84% of 11,952 companies in 2025.
Higher than 17% of 12,047 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
21,847 | 19,184 | 19,967 | 24,563 | 25,744 | 16,052 | 12,532 | 9,148 | 9,636 | 10,178 | 16,549 | 15,432 | 12,940 | 12,238 | 11,291 | 12,693 | 15,500 | 12,659 | 5,033 | |
21/28 |
1,171 | 50 | 50 | 50 | 50 | 50 | 133 | 262 | 561 | 1,059 | 1,650 | 1,514 | 1,227 | 1,741 | 661 | 1,484 | 2,000 | 3,000 | 4,000 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,000 | 2,000 | 3,000 | 4,000 | |
22/27 |
1,121 | - | - | - | - | - | 83 | 212 | 511 | 1,009 | 1,600 | 1,464 | 1,177 | 1,691 | 661 | 484 | - | - | - | |
23 |
1,121 | - | - | - | - | - | - | - | 170 | 340 | 510 | 680 | - | 85 | 284 | 484 | - | - | - | |
24 |
- | - | - | - | - | - | 83 | 212 | 340 | 669 | 1,090 | 784 | 1,177 | 1,607 | 377 | - | - | - | - | |
28 |
50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | - | - | - | - | - | |
29/58 |
20,676 | 19,134 | 19,917 | 24,513 | 25,694 | 16,002 | 12,399 | 8,887 | 9,075 | 9,119 | 14,899 | 13,918 | 11,713 | 10,496 | 10,630 | 11,209 | 13,500 | 9,659 | 1,033 | |
40/41 |
3,344 | 3,245 | 1,585 | 1,805 | 1,116 | 521 | - | 150 | 4,648 | 179 | - | 8,300 | - | 85 | - | 769 | 5,958 | - | - | |
40 |
590 | 896 | 457 | 690 | - | 262 | - | 150 | 4,648 | 179 | - | - | - | - | - | - | - | - | - | |
41 |
2,754 | 2,349 | 1,128 | 1,116 | 1,116 | 259 | - | - | - | - | - | 8,300 | - | 85 | - | 769 | 5,958 | - | - | |
50/53 |
- | - | - | - | 24,458 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
17,331 | 15,889 | 18,211 | 22,588 | - | 15,481 | 12,399 | 8,562 | 4,427 | 8,777 | 564 | 5,312 | 2,604 | 7,258 | 4,500 | 7,108 | 2,413 | 2,324 | 1,033 | |
490/1 |
- | - | 120 | 120 | 120 | - | - | 175 | - | 163 | 14,336 | 306 | 9,109 | 3,153 | 6,130 | 3,332 | 5,130 | 7,335 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
21,847 | 19,184 | 19,967 | 24,563 | 25,744 | 16,052 | 12,532 | 9,148 | 9,636 | 10,178 | 16,549 | 15,432 | 12,940 | 12,238 | 11,291 | 12,693 | 15,500 | 12,659 | 5,033 | |
10/15 |
18,462 | 16,656 | 18,893 | 21,363 | 25,413 | 15,665 | 12,012 | 8,412 | 7,658 | 7,296 | 13,241 | 12,660 | 10,841 | 9,286 | 9,406 | 10,547 | 12,209 | 9,794 | 3,553 | |
10/11 |
12,900 | 10,700 | 10,700 | 10,700 | 10,700 | 10,700 | 10,700 | 10,700 | 10,700 | 10,700 | 10,700 | 10,700 | 10,700 | 10,700 | 10,700 | 10,700 | 10,700 | 9,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 7,900 | 7,900 | 7,900 | 7,900 | 7,900 | 7,900 | 7,900 | 7,900 | 7,900 | 7,900 | 7,900 | 9,400 | 12,400 | |
11 |
- | - | - | - | 10,700 | 10,700 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | 10,700 | 10,700 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
186 | 186 | 186 | 186 | 186 | 186 | 186 | 127 | 127 | 127 | 127 | - | - | - | - | - | - | - | - | |
130/1 |
186 | 186 | 186 | 186 | 186 | 186 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 186 | 127 | 127 | 127 | 127 | - | - | - | - | - | - | - | - | |
1311 |
186 | 186 | 186 | 186 | 186 | 186 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
5,376 | 5,770 | 8,007 | 10,477 | 14,527 | 4,779 | 1,126 | -2,415 | -3,169 | -3,531 | 2,414 | 1,960 | 141 | -1,414 | -1,294 | -154 | 1,509 | 594 | -2,647 | |
17/49 |
3,384 | 2,528 | 1,073 | 3,200 | 330 | 387 | 520 | 736 | 1,978 | 2,883 | 3,308 | 2,772 | 2,099 | 2,951 | 1,885 | 2,146 | 3,292 | 2,865 | 1,480 | |
42/48 |
3,384 | 2,528 | 1,073 | 3,200 | 330 | 387 | 520 | 736 | 1,978 | 2,883 | 3,308 | 2,772 | 2,099 | 2,951 | 1,885 | 2,146 | 3,292 | 2,865 | 1,480 | |
44 |
863 | 1,028 | 902 | 1,475 | 207 | 253 | 160 | 200 | 361 | 150 | 181 | 70 | 364 | 640 | 378 | 1,336 | 1,547 | 894 | 366 | |
440/4 |
863 | 1,028 | 902 | 1,475 | 207 | 253 | 160 | 200 | 361 | 150 | 181 | 70 | 364 | 640 | 378 | 1,336 | 1,547 | 894 | 366 | |
45 |
1,022 | - | 171 | 1,725 | 123 | - | 360 | 536 | 1,617 | 733 | 1,127 | 2,702 | 1,735 | 2,311 | 1,507 | 810 | 1,745 | 1,971 | 1,114 | |
450/3 |
1,022 | - | 171 | 525 | 123 | - | 360 | 536 | 1,617 | 733 | 1,127 | 2,702 | 1,735 | 1,111 | 1,507 | 810 | 1,745 | 1,971 | 1,114 | |
454/9 |
- | - | - | 1,200 | - | - | - | - | - | - | - | - | - | 1,200 | - | - | - | - | - | |
47/48 |
1,500 | 1,500 | - | - | - | 134 | - | - | - | 2,000 | 2,000 | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||||||
9900 |
2,845 | -1,042 | -2,317 | -3,864 | 9,877 | 3,897 | 3,881 | 1,196 | 1,009 | -5,200 | 1,384 | 2,632 | 2,287 | 898 | 332 | 20 | 2,352 | 4,799 | -1,676 | |
62 |
- | 120 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
182 | - | - | - | - | 83 | 129 | 299 | 499 | 591 | 508 | 563 | 515 | 430 | 1,236 | 1,115 | 1,000 | 1,000 | 1,000 | |
640/8 |
- | - | - | - | - | - | - | - | - | - | 139 | 89 | 89 | 89 | 89 | 89 | 122 | 439 | - | |
9901 |
2,664 | -1,162 | -2,317 | -3,864 | 9,877 | 3,814 | 3,752 | 897 | 511 | -5,791 | 737 | 1,980 | 1,684 | 380 | -993 | -1,183 | 1,231 | 3,360 | -2,676 | |
75/76B |
1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | 95 | |
75 |
1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 | 95 | |
65/66B |
3,058 | 1,075 | 153 | 141 | 129 | 161 | 152 | 143 | 148 | 154 | 156 | 161 | 129 | 499 | 148 | 272 | 166 | 120 | 66 | |
65 |
3,058 | 1,075 | 153 | 141 | 129 | 161 | 152 | 143 | 148 | 154 | 156 | 161 | 129 | 499 | 148 | 272 | 166 | 120 | 66 | |
9903 |
-394 | -2,237 | -2,470 | -4,004 | 9,748 | 3,653 | 3,600 | 754 | 362 | -5,946 | 581 | 1,819 | 1,555 | -119 | -1,141 | -1,455 | 1,065 | 3,241 | -2,647 | |
67/77 |
- | - | - | 46 | - | - | - | - | - | - | - | - | - | - | - | 207 | 150 | - | - | |
9904 |
-394 | -2,237 | -2,470 | -4,050 | 9,748 | 3,653 | 3,600 | 754 | 362 | -5,946 | 581 | 1,819 | 1,555 | -119 | -1,141 | -1,662 | 915 | 3,241 | -2,647 | |
9905 |
-394 | -2,237 | -2,470 | -4,050 | 9,748 | 3,653 | 3,600 | 754 | 362 | -5,946 | 581 | 1,819 | 1,555 | -119 | -1,141 | -1,662 | 915 | 3,241 | -2,647 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
5,376 | 5,770 | 8,007 | 10,477 | 14,527 | 4,779 | 1,185 | -2,415 | -3,169 | -3,531 | 2,541 | 1,960 | 141 | -1,414 | -1,294 | -154 | 1,509 | 594 | -2,647 | |
14P |
5,770 | 8,007 | 10,477 | 14,527 | 4,779 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 59 | - | - | - | 127 | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | 59 | - | - | - | 127 | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 05-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 05-07-2026 | 2026-00262353 | |
| 31-12-2024 | micro format | 24-07-2025 | 2025-00302696 | |
| 31-12-2023 | micro format | 25-08-2024 | 2024-00366793 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00378459 | |
| 31-12-2021 | micro format | 15-10-2022 | 2022-20461476 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-56200598 | |
| 31-12-2019 | micro format | 07-07-2020 | 2020-27400518 | |
| 31-12-2018 | micro format | 06-07-2019 | 2019-30200366 | |
| 31-12-2017 | full format | 11-07-2018 | 2018-33400308 | |
| 31-12-2016 | full format | 29-09-2017 | 2017-65900121 | |
| 31-12-2015 | full format | 22-08-2016 | 2016-44300066 | |
| 31-12-2014 | full format | 28-08-2015 | 2015-54800592 | |
| 31-12-2013 | full format | 19-08-2014 | 2014-45200532 | |
| 31-12-2012 | full format | 29-08-2013 | 2013-55800116 | |
| 31-12-2011 | full format | 27-08-2012 | 2012-47100273 | |
| 31-12-2010 | full format | 26-08-2011 | 2011-45500234 | |
| 31-12-2009 | full format | 22-08-2010 | 2010-43400378 | |
| 31-12-2008 | full format | 29-08-2009 | 2009-72300151 | |
| 31-12-2007 | full format | 22-08-2008 | 2008-62500061 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,845 | - | - | - | - | 3,897 | 3,881 | 1,196 | 1,009 | -5,200 | 1,245 | 2,543 | 2,198 | 809 | 243 | -69 | 2,231 | 4,360 | -1,676 | ||
| -212 | - | - | - | - | 3,736 | 3,729 | 1,053 | 861 | -5,355 | 1,089 | 2,382 | 2,070 | 310 | 95 | -547 | 1,915 | 4,241 | -1,647 | ||
| 1,303 | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 644 | 850 | 0 | 1,510 | 413 | 599 | 0 | 0 | 5,000 | ||
| 1,442 | -2,322 | -4,376 | - | - | 3,082 | 3,837 | 4,134 | -4,350 | 8,213 | -4,748 | 2,708 | -4,654 | 2,758 | -2,608 | 4,695 | 89 | 1,290 | - | ||
| 17,291 | 16,606 | 18,843 | 21,313 | 25,363 | 15,615 | 11,879 | 8,151 | 7,097 | 6,236 | 11,591 | 11,146 | 9,614 | 7,545 | 8,745 | 9,062 | 10,209 | 6,794 | -447 | ||
| 84.5% | 86.8% | 94.6% | 87.0% | 98.7% | 97.6% | 95.9% | 92.0% | 79.5% | 71.7% | 80.0% | 82.0% | 83.8% | 75.9% | 83.3% | 83.1% | 78.8% | 77.4% | 70.6% | ||
| 6.11 | 7.57 | 18.56 | 7.66 | 77.79 | 41.35 | 23.84 | 12.07 | 4.59 | 3.16 | 4.50 | 5.02 | 5.58 | 3.56 | 5.64 | 5.22 | 4.10 | 3.37 | 0.70 | ||
| 0.18 | 0.15 | 0.06 | 0.15 | 0.01 | 0.02 | 0.04 | 0.09 | 0.26 | 0.40 | 0.25 | 0.22 | 0.19 | 0.32 | 0.20 | 0.20 | 0.27 | 0.29 | 0.42 | ||
| -2.1% | -13.4% | -13.1% | -19.0% | 38.4% | 23.3% | 30.0% | 9.0% | 4.7% | -81.5% | 4.4% | 14.4% | 14.3% | -1.3% | -12.1% | -15.8% | 7.5% | 33.1% | -74.5% | ||
| -1.8% | -11.7% | -12.4% | -16.5% | 37.9% | 22.8% | 28.7% | 8.2% | 3.8% | -58.4% | 3.5% | 11.8% | 12.0% | -1.0% | -10.1% | -13.1% | 5.9% | 25.6% | -52.6% | ||
| 0.93 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,303 | - | - | - | - |
| €182 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €2,664, after a loss of €1,162 in 2024. It is the highest result since 2021.
Debt's share of the balance-sheet total rises from 13.2% to 15.5%. Equity and debt are higher.
RAID has no parent and no holdings in its annual accounts. is the only director.
| SIAF
registered office since 03-02-2013 · founded in 2013 |
turnover €40,108 (2025) 0502.741.397 |
See the function holders in the KBO register.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Gallaitstraat 125 registered office 1030 Schaerbeek 4211001 Construction of roads and motorways | 29-06-2007 | 2.163.393.374 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21910E0176/00P005 | 73 m² | 1 · 58 m² | 15.0 m · 4 |
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