RAINBOW
ActiveSummary
The computed 12-month bankruptcy probability of RAINBOW is 4.0% (moderate). The 2025 annual accounts show negative equity (-€24,496) and a net result of -€10,639. Equity has been shrinking by about 59% per year since 2018. Its solvency ranks better than 12% of 22,774 sector peers (NACE 47, financial year 2025). The company has been active since 1976 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-10-1976 Normal situation
- Activity
- Other retail sale of new goods NACE 47789
- Establishment unit
- 2.038.174.787 6001 Charleroi, since 01-02-1977
- Financial year end
- 31 December
- Peppol
- Reachable since 26-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.0%
- Gross margin
- €2,288
- ▲ 5.0%
- Turnover
- ≈ €24,000
- estimated
- Loss
- €10,639
- ▲ 18.0%
- Equity
- -€24,496
- ▼ 76.8%
- Total assets
- €43,915
- ▲ 0.8%
- Negative equity on 31-12-2025
Score breakdownraises risk1 change of registered office in 24 monthsSector: Retail trade (NACE 47)Loss of €10,639, the second in a row (financial year 2025)lowers riskSize: total assets €43,915Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 6% of them on solvency, 5% on liquidity, 6% on profitability and 7% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 49 filings
Every figure per financial year
The operating result for 2025 is a loss of €10,762, smaller than the loss of €10,791 in 2024.
The turnover shown is an estimate from the gross margin.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,594 | €1,779 | €764 | €257 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €11,272 | €10,711 | €12,122 | €12,971 | €13,050 | ▲ 0.6% |
| Gross operating margin9900 | -€3,346 | €320 | €2,747 | -€13,830 | -€1,415 | -€2,146 | €2,180 | €2,288 | ▲ 5.0% |
| Operating profit (loss)9901 | -€16,136 | -€12,140 | -€8,746 | -€25,359 | -€12,126 | -€14,268 | -€10,791 | -€10,762 | ▲ 0.3% |
| Financial income75/76B | - | - | - | €176 | €181 | €190 | €1,816 | €165 | ▼ 90.9% |
| Recurring financial income75 | €376 | €165 | - | €176 | €181 | €190 | €1,816 | €165 | ▼ 90.9% |
| Financial charges65/66B | - | - | - | €43 | €40 | €135 | €40 | €42 | ▲ 5.0% |
| Recurring financial charges65 | €38 | €36 | €39 | €43 | €40 | €135 | €40 | €42 | ▲ 5.0% |
| Profit (loss) for the period before taxes9903 | -€16,976 | -€12,011 | -€8,860 | -€25,226 | -€11,985 | -€14,213 | -€9,015 | -€10,639 | ▼ 18.0% |
| Profit (loss) for the period9904 | -€16,976 | -€12,011 | -€8,860 | -€25,226 | -€11,985 | -€14,213 | -€9,015 | -€10,639 | ▼ 18.0% |
| Profit (loss) for the period to be appropriated9905 | -€16,976 | -€12,011 | -€8,860 | -€25,226 | -€11,985 | -€14,213 | -€9,015 | -€10,639 | ▼ 18.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €67,701 | €55,481 | €46,614 | €43,885 | €44,914 | €43,579 | €43,554 | €43,915 | ▲ 0.8% |
| Fixed assets21/28 | €34,946 | €33,167 | €32,403 | €32,146 | €32,146 | €32,146 | €32,146 | €32,146 | = |
| Intangible fixed assets21 | - | - | - | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €34,946 | €33,167 | €32,403 | €32,146 | €32,146 | €32,146 | €32,146 | €32,146 | = |
| Land and buildings22 | - | - | - | €32,146 | €32,146 | €32,146 | €32,146 | €32,146 | = |
| Plant, machinery and equipment23 | - | - | - | €0 | - | €0 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | - | - | €0 | €0 | - | - |
| Leasing and similar rights25 | - | - | - | - | - | €0 | €0 | - | - |
| Other tangible fixed assets26 | - | - | - | - | - | €0 | €0 | - | - |
| Assets under construction and advance payments27 | - | - | - | - | - | €0 | €0 | - | - |
| Current assets29/58 | €32,755 | €22,314 | €14,211 | €11,739 | €12,768 | €11,433 | €11,408 | €11,769 | ▲ 3.2% |
| Stocks and contracts in progress3 | €10,654 | €10,654 | €10,654 | €10,654 | €10,654 | €10,654 | €10,654 | €10,654 | = |
| Stocks30/36 | - | - | - | €10,654 | €10,654 | €10,654 | €10,654 | €10,654 | = |
| Amounts receivable within one year40/41 | €852 | €84 | €74 | €215 | €23 | €611 | €106 | €102 | ▼ 3.8% |
| Other amounts receivable41 | - | - | - | €215 | €23 | €611 | €106 | €102 | ▼ 3.8% |
| Cash at bank and in hand54/58 | €21,249 | €11,576 | €3,483 | €870 | €2,091 | €168 | €648 | €1,013 | ▲ 56.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €67,701 | €55,481 | €46,614 | €43,885 | €44,914 | €43,579 | €43,554 | €43,915 | ▲ 0.8% |
| Equity10/15 | €67,453 | €55,441 | €46,581 | €21,356 | €9,371 | -€4,842 | -€13,857 | -€24,496 | ▼ 76.8% |
| Contributions10/11 | €34,720 | €34,720 | €34,720 | €34,720 | €34,720 | €34,720 | €34,720 | €34,720 | = |
| Capital10 | - | - | - | €34,720 | - | - | - | - | - |
| Issued capital100 | - | - | - | €34,720 | - | - | - | - | - |
| Reserves13 | €32,257 | €32,257 | €32,257 | €32,257 | €32,257 | €32,257 | €32,257 | €32,257 | = |
| Non-distributable reserves130/1 | - | - | - | €3,427 | €3,427 | €3,427 | €3,427 | €3,427 | = |
| Legal reserve130 | - | - | - | €3,427 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €3,427 | €3,427 | €3,427 | €3,427 | = |
| Tax-exempt reserves132 | - | - | - | €24,251 | €24,251 | €24,251 | €24,251 | €24,251 | = |
| Distributable reserves133 | - | - | - | €4,579 | €4,579 | €4,579 | €4,579 | €4,579 | = |
| Profit (loss) carried forward14 | €476 | -€11,536 | -€20,396 | -€45,621 | -€57,606 | -€71,819 | -€80,834 | -€91,473 | ▼ 13.2% |
| Amounts payable17/49 | €248 | €40 | €33 | €22,529 | €35,543 | €48,421 | €57,411 | €68,411 | ▲ 19.2% |
| Amounts payable within one year42/48 | €248 | €40 | €33 | €22,529 | €35,543 | €48,421 | €57,411 | €68,411 | ▲ 19.2% |
| Trade debts44 | €248 | €40 | €33 | €29 | €9,643 | €21 | €11 | €11 | = |
| Suppliers440/4 | - | - | - | €29 | €9,643 | €21 | €11 | €11 | = |
| Other amounts payable47/48 | - | - | - | €22,500 | €25,900 | €48,400 | €57,400 | €68,400 | ▲ 19.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,976 | -€12,011 | -€8,860 | -€25,226 | -€11,985 | -€14,213 | -€9,015 | -€10,639 | ▼ 18.0% |
| + Depreciation and write-downs630 | €2,594 | €1,779 | €764 | €257 | - | - | - | - | - |
| Operating cash flow (approximation) | -€14,382 | -€10,232 | -€8,096 | -€24,969 | -€11,985 | -€14,213 | -€9,015 | -€10,639 | ▼ 18.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€9,673 | -€8,093 | -€2,613 | €1,221 | -€1,923 | €480 | €365 | ▼ 24.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as RAINBOW has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RAINBOW itself: 4.0% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,619 companies, not a prediction for RAINBOW. 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.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00195149 | |
| 31-12-2024 | micro format | 15-06-2025 | 2025-00139849 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00202274 | |
| 31-12-2022 | micro format | 20-06-2023 | 2023-00144941 | |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20102297 | |
| 31-12-2020 | micro format | 23-06-2021 | 2021-23200404 | |
| 31-12-2019 | full format | 05-07-2020 | 2020-26400089 | |
| 31-12-2018 | micro format | 02-07-2019 | 2019-26900076 | |
| 31-12-2017 | full format | 12-06-2018 | 2018-17600405 | |
| 31-12-2016 | full format | 03-07-2017 | 2017-25600592 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 12-02-2024 Converted to unavailable equity · €38,147
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BIGAJ Marie-Thérèse |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant,moitié acquéreurs proportionnellement au nombre acquis, mêmes formalités si pas de plein droit actionnaires”
Articles of association, deed of 12-02-2024 (in French)
Network & group
RAINBOW shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of RAINBOW. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
13-10
Gazette deed
Registered office moved from Charleroi to Thy-Le-ChateauNew seat: Rue des Poiriers 8 - B-5651 THY-LE-CHATEAU · Previous seat: Rue Jean Bellière 121, 6001 Charleroi (Marcinelle)2 points ▸
- General meeting, 28-07-2026
- Registered-office move, Rue des Poiriers 8 - B-5651 THY-LE-CHATEAU
12-02
Gazette deed
Company renamed from RAINBOW SPRL to RAINBOWChange of role: BIGAJ Marie-Thérèse, from manager to director · Capital · Registered office clause12 points ▸
- Capital
- Registered office clause, “6001 Marcinelle,rue Jean Bellière numéro 121” (deed in French)
- Director resignation, BIGAJ Marie-Thérèse (manager)
- Director appointment, BIGAJ Marie-Thérèse (director (not named in the articles))
- Other provision, “décharge gérante démissionnaire, assemblée générale décidera à prochaine assemblée générale annuelle sur décharge pour exécution mandat” (deed in French)
- General meeting, 19-12-2023
- Incorporation, 01-02-1977
- Name change, RAINBOW
- Other provision, “à l’unanimité, rapport organe d’administration relatif à modification objet” (deed in French)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “suppression compte de capitaux propres statutairement indisponible, suppression” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 93078B0303/00D004 | Wallonia | 1,031 m² | 1 · 109 m² | 6.5 m · 2 |
| 52045A0525/00V006 | Wallonia | 198 m² | 1 · 82 m² | 11.0 m · 3 |