RAIDO
InactiveInactive; last annual accounts for fiscal year 2016.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 8 filingsPosition against the passed deadline
31-12-2017 close31-07-2018 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 05-07-2017, 26 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2016, full schema
Turnover
€5.3m▲ 113%
2015 · €2.5m
EBIT margin
2.7%▼ 2.4pp
2015 · 5.2%
Net result
€59,174▼ 27.8%
2015 · €81,929
Working capital
€412,063▲ 75.3%
2015 · €235,003
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
Line20132014201520152016
Turnover€2.5m-€5.3m▲ 113%
Operating result€213,308-€278,630▲ 30.6%-€237,847€127,901-€145,106▲ 13.5%
Net result€89,594-€164,501▲ 83.6%-€270,555€81,929-€59,174▼ 27.8%
EBIT margin5.2%-2.7%▼ 2.4pp
Equity€185,720-€350,222▲ 88.6%€79,667▼ 77.3%€161,596-€220,770▲ 36.6%
Total assets€1.0m-€1.1m▲ 6.3%€1.0m▼ 2.9%€1.9m-€1.9m▲ 1.1%
Debt€793,181-€721,930▼ 9.0%€960,876▲ 33.1%€1.7m-€1.7m▼ 2.3%
Working capital€263,097-€275,225▲ 4.6%-€26,325€235,003-€412,063▲ 75.3%
Staff (FTE)8.8-11.3▲ 28.4%13.9▲ 23.0%15.4-14.1▼ 8.4%
Why a figure moved sharply
- 2016 Turnover +113% on 2015. The previous fiscal year ran 6 months, this one 12.
- 2015 Equity -77% on 2014. Cause not known from the registers.
- 2014 Equity +89% on 2013. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €1.9m
Fixed assets
€76,798 ▼ 24.9%
Current assets
€1.8m ▲ 2.6%
Equity and liabilities €1.9m
Equity
€220,770 ▲ 36.6%
Debt
€1.7m ▼ 2.3%
Debt's share of the balance-sheet total falls from 91.3% to 88.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€179,613▲
2015 · €148,651
Cash flow
€93,681▼
2015 · €102,678
Current ratio
1.30▲
2015 · 1.15
Debt to equity
7.50
ROE
26.8%▼
2015 · 50.7%
ROA
3.2%▼
2015 · 4.4%
Interest coverage
11.11▼
2015 · 20.06
Debt ≤ 1 year
€1.4m▼
2015 · €1.5m
Income taxes
€54,338▲
2015 · €33,867
Staff costs
€1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €5.4m | - |
| Turnover70 | - | - | - | €2.5m | €5.3m | ▲ 113% |
| Other operating income74 | - | - | - | - | €118,937 | - |
| Operating charges60/66A | - | - | - | - | €5.3m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €3.2m | - |
| Purchases600/8 | - | - | - | - | €3.2m | - |
| Services and other goods61 | - | - | - | - | €813,324 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €1.2m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,951 | €27,061 | €30,072 | €20,749 | €34,507 | ▲ 66.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €4,791 | - |
| Other operating charges640/8 | - | - | - | - | €25,609 | - |
| Gross operating margin9900 | €879,397 | €1.1m | €933,544 | - | - | - |
| Operating profit (loss)9901 | €213,308 | €278,630 | -€237,847 | €127,901 | €145,106 | ▲ 13.5% |
| Financial income75/76B | - | - | - | - | €10,726 | - |
| Recurring financial income75 | €1,125 | €3,000 | €8,460 | €772 | €10,726 | ▲ 1,289% |
| Income from current assets751 | - | - | - | - | €2,917 | - |
| Other financial income752/9 | - | - | - | - | €7,809 | - |
| Financial charges65/66B | - | - | - | - | €42,320 | - |
| Recurring financial charges65 | €11,986 | €8,410 | €19,732 | €10,089 | €42,320 | ▲ 319% |
| Debt charges650 | - | - | - | €7,409 | €16,173 | ▲ 118% |
| Other financial charges652/9 | - | - | - | - | €26,147 | - |
| Profit (loss) for the period before taxes9903 | €175,012 | €251,638 | -€249,119 | €115,796 | €113,512 | ▼ 2.0% |
| Income taxes67/77 | €85,419 | €87,136 | €21,435 | €33,867 | €54,338 | ▲ 60.4% |
| Taxes670/3 | - | - | - | - | €54,338 | - |
| Profit (loss) for the period9904 | €89,594 | €164,501 | -€270,555 | €81,929 | €59,174 | ▼ 27.8% |
| Profit (loss) for the period to be appropriated9905 | €89,594 | €164,501 | -€270,555 | €81,929 | €59,174 | ▼ 27.8% |
| Line | 2013 | 2014 | 2015 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.1m | €1.0m | €1.9m | €1.9m | ▲ 1.1% |
| Fixed assets21/28 | €182,080 | €107,665 | €107,139 | €102,227 | €76,798 | ▼ 24.9% |
| Tangible fixed assets22/27 | €169,285 | €81,005 | €90,246 | €77,744 | €29,025 | ▼ 62.7% |
| Furniture and vehicles24 | - | - | - | - | €26,379 | - |
| Other tangible fixed assets26 | - | - | - | - | €2,646 | - |
| Financial fixed assets28 | €12,795 | €26,659 | €16,893 | €24,483 | €47,773 | ▲ 95.1% |
| Other financial fixed assets284/8 | - | - | - | - | €47,773 | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €47,773 | - |
| Current assets29/58 | €826,821 | €964,487 | €933,404 | €1.8m | €1.8m | ▲ 2.6% |
| Stocks and contracts in progress3 | - | - | €22,204 | - | - | - |
| Amounts receivable within one year40/41 | €560,051 | €782,989 | €838,611 | €1.5m | €1.7m | ▲ 12.7% |
| Trade receivables40 | - | - | - | - | €1.7m | - |
| Other amounts receivable41 | - | - | - | - | €19,915 | - |
| Cash at bank and in hand54/58 | €262,021 | €172,606 | €64,189 | €246,809 | €82,406 | ▼ 66.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €22,302 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.1m | €1.0m | €1.9m | €1.9m | ▲ 1.1% |
| Equity10/15 | €185,720 | €350,222 | €79,667 | €161,596 | €220,770 | ▲ 36.6% |
| Contributions10/11 | €18,600 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | - | €62,000 | - |
| Issued capital100 | - | - | - | - | €62,000 | - |
| Reserves13 | €167,120 | €288,222 | €17,667 | €99,596 | €99,596 | = |
| Legal reserve130 | - | - | - | - | €10,160 | - |
| Distributable reserves133 | - | - | - | - | €89,436 | - |
| Profit (loss) carried forward14 | - | - | - | - | €59,174 | - |
| Provisions and deferred taxes16 | €30,000 | - | - | - | - | - |
| Amounts payable17/49 | €793,181 | €721,930 | €960,876 | €1.7m | €1.7m | ▼ 2.3% |
| Amounts payable after more than one year17 | €84,861 | €19,693 | - | - | - | - |
| Amounts payable within one year42/48 | €563,724 | €689,262 | €959,729 | €1.5m | €1.4m | ▼ 8.6% |
| Trade debts44 | €327,772 | €521,421 | €588,465 | €1.1m | €1.1m | ▼ 3.9% |
| Suppliers440/4 | - | - | - | - | €1.1m | - |
| Taxes, remuneration and social security45 | - | - | - | - | €324,972 | - |
| Taxes450/3 | - | - | - | - | €95,187 | - |
| Remuneration and social security454/9 | - | - | - | - | €229,785 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €268,092 | - |
| Line | 2013 | 2014 | 2015 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €89,594 | €164,501 | -€270,555 | €81,929 | €59,174 | ▼ 27.8% |
| + Depreciation and write-downs630 | €59,951 | €27,061 | €30,072 | €20,749 | €34,507 | ▲ 66.3% |
| Operating cash flow (approximation) | €149,544 | €191,563 | -€240,483 | €102,678 | €93,681 | ▼ 8.8% |
| Investment in fixed assets (approximation) | - | €47,354 | -€29,547 | - | -€9,078 | - |
| Change in cash | - | -€89,415 | -€108,417 | - | -€164,403 | - |
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
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-12
Financial
Equity above €200,000Eq €220,770 ▲36.6%
2 profitable years in a row build equity to €220,770.
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
19-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
31-12
Financial
Back to profitnet €81,929
Net result €81,929 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €161,596 ▲103%
Equity rises from €79,667 to €161,596.
30-06
Financial
Weakest financial yearnet -€270,555
Net result drops to -€270,555, the lowest in the series.
2014
24-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
30-06
Financial
Highest result since 2013net €164,501 ▲83.6%
Operating result €278,630, net result €164,501, both a record.
30-06
Financial
Equity above €200,000Eq €350,222 ▲88.6%
2 profitable years in a row build equity to €350,222.
2013
24-12
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
14-12
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2011
23-12
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
2010
15-12
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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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Structure & network
Owners and holdings
2 ownersOwners 2
-
28%
- Sourceaccounts BDIMC 202424%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.