RAIDEN BELGIUM
ActiveThe computed 12-month bankruptcy probability of RAIDEN BELGIUM is 6.3% (elevated). The 2025 annual accounts show negative equity (€-924k) and a net result of €-215k. Equity is shrinking by ~47.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 7692 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
11
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
6.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.17 against 0.05 in 2024; short-term debt: 577% and cash: 5.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
-557.7%
Return on assets
-129.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-924k
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 27-07-2026, 4 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
4 d early
2024
15 d early
2023
6 d early
2022
31 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-215k▲ 35.4%
2024 · €-332k
2022: €-208k
2023: €-199k
2024: €-332k
2022 → 2025
Working capital
€-793k▼ 12.1%
2024 · €-707k
2022: €-181k
2023: €-379k
2024: €-707k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€-178k-€-377k▼ 112%€-709k▼ 88.2%€-924k▼ 30.3%
Operating result€-207k-€-195k▲ 5.9%€-305k▼ 56.6%€-186k▲ 39.0%
Net result€-208k-€-199k▲ 4.3%€-332k▼ 67.0%€-215k▲ 35.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €186k in 2025 against €305k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €166k
Fixed assets
€3k▼ 26.7%
Current assets
€163k▲ 351%
Key figures and ratios
EBITDA
€-185k▲
2024 · €-304k
Cash flow
€-214k▲
2024 · €-332k
Solvency
-557.7%
Current ratio
0.17▲
2024 · 0.05
Quick ratio
0.16▲
2024 · 0.04
Debt / equity
-1.18▼
2024 · -1.06
ROA
-129.6%▲
2024 · -830.7%
Interest coverage
-6.43▲
2024 · -11.06
Debt
€1.09M▲
2024 · €749k
Debt ≤ 1 year
€956k▲
2024 · €743k
Income taxes
€82▼
2024 · €130
Staff costs
€158k▼
2024 · €261k
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€40k€166k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€2k€2k=
Current assets29/58€36k€163k▲
Stocks and contracts in progress3€7k€9k▲
Stocks30/36€7k€9k▲
Amounts receivable within one year40/41€9k€86k▲
Trade receivables40€37€64k▲
Other amounts receivable41€9k€22k▲
Cash at bank and in hand54/58€11k€10k▼
Deferred charges and accrued income490/1€9k€57k▲
Equity and liabilities
Total equity and liabilities10/49€40k€166k▲
Equity10/15€-709k€-924k▼
Contributions10/11€30k€30k=
Profit (loss) carried forward14€-739k€-954k▼
Amounts payable17/49€749k€1.09M▲
Amounts payable within one year42/48€743k€956k▲
Trade debts44€58k€61k▲
Suppliers440/4€58k€61k▲
Taxes, remuneration and social security45€20k€40k▲
Taxes450/3€468€20k▲
Remuneration and social security454/9€20k€20k▼
Other amounts payable47/48€665k€855k▲
Accrued charges and deferred income492/3€6k€134k▲
Income statement
Code20242025
Remuneration, social security and pensions62€261k€158k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€726€1k▲
Other operating charges640/8€6k€600▼
Non-recurring operating charges66A-€23
Gross operating margin9900€-37k€-26k▲
Operating profit (loss)9901€-305k€-186k▲
Financial income75/76B€65-
Recurring financial income75€65-
Financial charges65/66B€27k€29k▲
Recurring financial charges65€27k€29k▲
Profit (loss) for the period before taxes9903€-332k€-215k▲
Income taxes67/77€130€82▼
Profit (loss) for the period9904€-332k€-215k▲
Profit (loss) for the period to be appropriated9905€-332k€-215k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-739k€-954k▼
Profit (loss) brought forward from the previous period14P€-407k€-739k▼
Social balance
Average headcount (FTE)90871.91.0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-332k
Net result drops to €-332k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Waterloo · 2 establishment units since 2021
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.
Chaussée de Bruxelles 1021410 WaterlooGround area
1.6 ha
Building footprint
701 m²
Volume, LiDAR
13,003 m³
2 parcels, Flanders, Wallonia · tallest building 26.4 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Chaussée de Bruxelles 102 B, 1410 Waterloo
since 20212.329.197.058
Jan Mommaertslaan 20b, 1831 Machelen (Brab.)
since 20222.331.290.575
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0161/00D006 | Flanders | 1.5 ha | 1 · 601 m² | 26.4 m · 7 fl. |
| 25762H0351/00B000 | Wallonia | 776 m² | 1 · 101 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
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.
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Of 4,096 companies in sector 43240 we hold annual accounts for 1,631. 263 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-07-2021
Fiscal year end31-12
Abbreviation FR
RAIDEN.BE
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:gilles@chargeguru.com