Skip to content

RAINBOW

Active
Private limited company (pre-2019)founded 2006active for 20 yearsZevenbunderslaan 142, 1190 Vorst, BelgiumKBO/BCE: BE 0884.497.567

From the official registers: KBO 18 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of RAINBOW is 1.9% (moderate). The 2024 annual accounts show equity of €72,596 and a net result of -€5,979. Equity has been shrinking by about 4.9% per year since 2018. Its solvency ranks better than 17% of 37,585 sector peers (NACE 70, financial year 2024). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.

Latest annual accounts filed

Annual accounts 2024

Download PDF
Financial year ended
31-12-2024
Filed on
28-11-2025
Format
micro format
Reference
2025-00572338
Turnover
≈ €200,000
Estimated: probably between €150,000 and €250,000
Total assets
€493,703▼ 0.8%
2023 · €497,511
Net result
-€5,979▼ 20.3%
2023 · -€4,970
Working capital
-€169,798▼ 2.0%
2023 · -€166,438
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

The operating result for 2024 is 15% higher than in 2023. It is a recovery after the fall in 2023.

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Operating result€9,494 2024 Net result-€5,979 2024

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Operating result€78,337-€26,249▼ 66.5%-€5,824€31,494€27,634▼ 12.3%€8,284▼ 70.0%€9,494▲ 14.6%
Net result€45,591--€8,013-€26,150below the sector's middle half▼ 226%€10,148within the sector's middle half€8,525within the sector's middle half▼ 16.0%-€4,970below the sector's middle half-€5,979below the sector's middle half▼ 20.3%
Equity€99,036-€91,023▼ 8.1%€64,872within the sector's middle half▼ 28.7%€75,020within the sector's middle half▲ 15.6%€83,545within the sector's middle half▲ 11.4%€78,575within the sector's middle half▼ 5.9%€72,596within the sector's middle half▼ 7.6%
Total assets€689,655-€620,306▼ 10.1%€603,849above the sector's middle half▼ 2.7%€601,087above the sector's middle half▼ 0.5%€502,038within the sector's middle half▼ 16.5%€497,511above the sector's middle half▼ 0.9%€493,703above the sector's middle half▼ 0.8%
Debt€570,619-€509,284▼ 10.7%€518,976▲ 1.9%€506,066▼ 2.5%€418,493▼ 17.3%€418,936▲ 0.1%€421,108▲ 0.5%
Working capital-€132,432--€137,961▼ 4.2%-€158,615below the sector's middle half▼ 15.0%-€146,077below the sector's middle half▲ 7.9%-€164,568below the sector's middle half▼ 12.7%-€166,438below the sector's middle half▼ 1.1%-€169,798below the sector's middle half▼ 2.0%
Solvency14.4%-14.7%▲ 0.3pp10.7%below the sector's middle half▼ 3.9pp12.5%below the sector's middle half▲ 1.7pp16.6%below the sector's middle half▲ 4.2pp15.8%below the sector's middle half▼ 0.8pp14.7%below the sector's middle half▼ 1.1pp
Current ratio0.49-0.39▼ 0.100.38below the sector's middle half=0.46below the sector's middle half▲ 0.080.24below the sector's middle half▼ 0.220.30below the sector's middle half▲ 0.060.35below the sector's middle half▲ 0.05
Return on assets (ROA)6.6%--1.3%▼ 7.9pp-4.3%below the sector's middle half▼ 3.0pp1.7%within the sector's middle half▲ 6.0pp1.7%within the sector's middle half=-1.0%below the sector's middle half▼ 2.7pp-1.2%below the sector's middle half▼ 0.2pp
Staff (FTE)1-1=1within the sector's middle half=1=1=
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €493,703
Fixed assets €401,172 ▼ 5.5%
Current assets €92,531 ▲ 27.1%
Equity and liabilities €493,703
Equity €72,596 ▼ 7.6%
Debt €421,108 ▲ 0.5%
Debt's share of the balance-sheet total rises from 84.2% to 85.3%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€33,054▲
2023 · €31,845
Cash flow
€17,581▼
2023 · €18,591
Debt to equity
5.80▲
2023 · 5.33
ROE
-8.2%▼
2023 · -6.3%
Interest coverage
2.16▼
2023 · 2.49
Debt ≤ 1 year
€262,329▲
2023 · €239,216
Debt > 1 year
€158,778▼
2023 · €179,720
Income taxes
€187▼
2023 · €469
Staff costs
€58,493▼
2023 · €60,126
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines

Source: Annual accounts 2024 (PDF), filed on 28-11-2025.

Balance sheet Code20232024
Assets
Total assets20/58€497,511€493,703▼
Fixed assets21/28€424,733€401,172▼
Tangible fixed assets22/27€167,411€143,850▼
Land and buildings22€157,375€137,703▼
Furniture and vehicles24€816-
Other tangible fixed assets26€9,221€6,147▼
Financial fixed assets28€257,322€257,322=
Current assets29/58€72,778€92,531▲
Amounts receivable within one year40/41€72,778€88,676▲
Trade receivables40€72,778€88,676▲
Cash at bank and in hand54/58-€3,855
Equity and liabilities
Total equity and liabilities10/49€497,511€493,703▼
Equity10/15€78,575€72,596▼
Contributions10/11€18,600€18,600=
Contributions outside capital11€18,600€18,600=
Other1109/19€18,600€18,600=
Reserves13€56,360€56,360=
Non-distributable reserves130/1€1,860€1,860=
Legal reserve130€1,860€1,860=
Tax-exempt reserves132€20,500€20,500=
Distributable reserves133€34,000€34,000=
Profit (loss) carried forward14€3,615-€2,364▼
Amounts payable17/49€418,936€421,108▲
Amounts payable after more than one year17€179,720€158,778▼
Financial debts170/4€179,720€158,778▼
Amounts payable within one year42/48€239,216€262,329▲
Current portion of amounts payable after more than one year42€22,330€22,649▲
Financial debts43€26,007€18,584▼
Credit institutions430/8€24,544€18,584▼
Other loans439€1,464-
Trade debts44€84,646€17,124▼
Suppliers440/4€84,646€17,124▼
Advances received on contracts in progress46€17,978€105,760▲
Taxes, remuneration and social security45€28,333€30,155▲
Taxes450/3€21,724€23,546▲
Remuneration and social security454/9€6,609€6,609=
Other amounts payable47/48€59,922€68,058▲
Income statement Code20232024
Remuneration, social security and pensions62€60,126€58,493▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,561€23,561=
Other operating charges640/8€6,128€3,841▼
Gross operating margin9900€98,099€95,389▼
Operating profit (loss)9901€8,284€9,494▲
Financial charges65/66B€12,784€15,286▲
Recurring financial charges65€12,784€15,286▲
Profit (loss) for the period before taxes9903-€4,500-€5,792▼
Income taxes67/77€469€187▼
Profit (loss) for the period9904-€4,970-€5,979▼
Profit (loss) for the period to be appropriated9905-€4,970-€5,979▼
Appropriation of the result
Profit (loss) to be appropriated9906€3,615-€2,364▼
Profit (loss) brought forward from the previous period14P€8,585€3,615▼

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2018201920202021202220232024Change
Non-recurring operating income76A----€23,503---
Remuneration, social security and pensions62---€51,487€53,314€60,126€58,493▼ 2.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30,462€30,439€30,603€29,987€26,437€23,561€23,561=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€450€750---
Other operating charges640/8---€5,680€2,613€6,128€3,841▼ 37.3%
Gross operating margin9900€170,232€121,479€88,456€119,098€110,748€98,099€95,389▼ 2.8%
Operating profit (loss)9901€78,337€26,249-€5,824€31,494€27,634€8,284€9,494▲ 14.6%
Financial income75/76B---€524----
Recurring financial income75€4,213€55€157€524----
Financial charges65/66B---€20,523€19,109€12,784€15,286▲ 19.6%
Recurring financial charges65€24,420€24,573€20,795€20,523€19,109€12,784€15,286▲ 19.6%
Profit (loss) for the period before taxes9903€58,130€1,049-€26,461€11,495€8,525-€4,500-€5,792▼ 28.7%
Income taxes67/77€12,539€9,062-€311€1,347-€469€187▼ 60.1%
Profit (loss) for the period9904€45,591-€8,013-€26,150€10,148€8,525-€4,970-€5,979▼ 20.3%
Profit (loss) for the period to be appropriated9905€45,591-€8,013-€26,150€10,148€8,525-€4,970-€5,979▼ 20.3%
Line2018201920202021202220232024Change
Assets
Total assets20/58€689,655€620,306€603,849€601,087€502,038€497,511€493,703▼ 0.8%
Fixed assets21/28€562,851€533,453€504,935€475,773€449,524€424,733€401,172▼ 5.5%
Tangible fixed assets22/27€305,529€276,130€247,613€218,451€190,972€167,411€143,850▼ 14.1%
Land and buildings22---€197,810€177,046€157,375€137,703▼ 12.5%
Plant, machinery and equipment23---€120----
Furniture and vehicles24---€5,238€1,631€816--
Other tangible fixed assets26---€15,282€12,294€9,221€6,147▼ 33.3%
Financial fixed assets28€257,322€257,322€257,322€257,322€258,552€257,322€257,322=
Current assets29/58€126,804€86,853€98,913€125,314€52,514€72,778€92,531▲ 27.1%
Amounts receivable within one year40/41€106,982€74,794€95,508€111,219€52,514€72,778€88,676▲ 21.8%
Trade receivables40---€79,321€52,514€72,778€88,676▲ 21.8%
Other amounts receivable41---€31,898----
Cash at bank and in hand54/58€178€1,983€48€4,358--€3,855-
Deferred charges and accrued income490/1---€9,737----
Equity and liabilities
Total equity and liabilities10/49€689,655€620,306€603,849€601,087€502,038€497,511€493,703▼ 0.8%
Equity10/15€99,036€91,023€64,872€75,020€83,545€78,575€72,596▼ 7.6%
Contributions10/11€18,600€18,600-€18,600€18,600€18,600€18,600=
Contributions outside capital11----€18,600€18,600€18,600=
Other1109/19----€18,600€18,600€18,600=
Reserves13€80,360€72,360€45,360€56,360€56,360€56,360€56,360=
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860=
Legal reserve130----€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860----
Tax-exempt reserves132---€20,500€20,500€20,500€20,500=
Distributable reserves133---€34,000€34,000€34,000€34,000=
Profit (loss) carried forward14€76€63€912€60€8,585€3,615-€2,364-
Provisions and deferred taxes16€20,000€20,000€20,000€20,000----
Provisions for liabilities and charges160/5---€20,000----
Other liabilities and charges164/5---€20,000----
Amounts payable17/49€570,619€509,284€518,976€506,066€418,493€418,936€421,108▲ 0.5%
Amounts payable after more than one year17€305,520€277,705€249,104€223,493€201,411€179,720€158,778▼ 11.7%
Financial debts170/4---€223,493€201,411€179,720€158,778▼ 11.7%
Amounts payable within one year42/48€259,236€224,815€257,529€271,390€217,082€239,216€262,329▲ 9.7%
Current portion of amounts payable after more than one year42---€26,220€22,082€22,330€22,649▲ 1.4%
Financial debts43---€15,638€24,871€26,007€18,584▼ 28.5%
Credit institutions430/8---€15,638€24,871€24,544€18,584▼ 24.3%
Other loans439-----€1,464--
Trade debts44€39,023€58,788€77,113€84,633€70,156€84,646€17,124▼ 79.8%
Suppliers440/4---€84,633€70,156€84,646€17,124▼ 79.8%
Advances received on contracts in progress46---€44,257€21,388€17,978€105,760▲ 488%
Taxes, remuneration and social security45---€50,643€40,181€28,333€30,155▲ 6.4%
Taxes450/3---€36,440€26,258€21,724€23,546▲ 8.4%
Remuneration and social security454/9---€14,203€13,924€6,609€6,609=
Other amounts payable47/48---€50,000€38,404€59,922€68,058▲ 13.6%
Accrued charges and deferred income492/3---€11,183----
Line2018201920202021202220232024Change
Profit (loss) for the period9904€45,591-€8,013-€26,150€10,148€8,525-€4,970-€5,979▼ 20.3%
+ Depreciation and write-downs630€30,462€30,439€30,603€29,987€26,437€23,561€23,561=
Operating cash flow (approximation)€76,054€22,426€4,453€40,135€34,961€18,591€17,581▼ 5.4%
Investment in fixed assets (approximation)--€1,041-€2,086-€825-€188€1,230€0▼ 100%
Change in cash-€1,806-€1,935€4,310----

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 18 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2024 micro format 28-11-2025 2025-00572338 PDF
31-12-2023 micro format 18-09-2024 2024-00467752 PDF
31-12-2022 micro format 26-09-2023 2023-00453860 PDF
31-12-2021 micro format 09-02-2023 2023-00026319 PDF
31-12-2020 micro format 28-10-2021 2021-74100035 PDF
31-12-2019 micro format 26-11-2020 2020-72000585 PDF
31-12-2018 micro format 17-09-2019 2019-64700147 PDF
31-12-2017 micro format 30-07-2018 2018-40600108 PDF
31-12-2016 micro format 08-09-2017 2017-60400551 PDF
31-12-2015 full format 30-09-2016 2016-63400246 PDF

Show all 18 filings

Comparable companies

These companies have the same main activity as RAINBOW: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €447,000 and €553,000, founded between 2005 and 2008.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
RAINBOW Vorst2006€493,703€72,596€95,389-€5,9792024
BILL IT Vorst2007€482,037€365,252€111,472€70,0942025
KAMMCO Etterbeek2007€512,191€498,634€92,660€67,3662025
TIMANMAY CONSULTING Etterbeek2006€447,347€395,761€95,113€68,1022025
D.H.S.CONSULTING Elsene2008€518,091€261,879€99,728€95,5082024
KeDo Oudergem2007€553,117€526,321€90,179€47,3352025
OLYS Schaarbeek2005€539,375€518,313€97,759€60,5882025

They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.