RAINBOW
ActiveFrom 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 is shrinking by about 4.9% per year across the filed financial years. 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 Financial year closed on 31 December 2025; filing 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
- 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 recovers in 2024; 2024 is 15% above 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€9,494
2024
Net result-€5,979
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€493,703
2024
Equity€72,596
2024
Debt€421,108
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€169,798
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-1.2%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency14.7%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.35
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), 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 middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin 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
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
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| 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% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| 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 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| 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 | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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 | |
| 31-12-2023 | micro format | 18-09-2024 | 2024-00467752 | |
| 31-12-2022 | micro format | 26-09-2023 | 2023-00453860 | |
| 31-12-2021 | micro format | 09-02-2023 | 2023-00026319 | |
| 31-12-2020 | micro format | 28-10-2021 | 2021-74100035 | |
| 31-12-2019 | micro format | 26-11-2020 | 2020-72000585 | |
| 31-12-2018 | micro format | 17-09-2019 | 2019-64700147 | |
| 31-12-2017 | micro format | 30-07-2018 | 2018-40600108 | |
| 31-12-2016 | micro format | 08-09-2017 | 2017-60400551 | |
| 31-12-2015 | full format | 30-09-2016 | 2016-63400246 |
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Of the 82,504 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,656. 41,363 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.