RAJO
ActiveRAJO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €490k and a net result of €42k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 89% of 4828 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 5.83 against 4.63 in 2024; short-term debt: 15.8% and cash: 8.5% of total assets), and 15.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
84.2%
Return on assets
7.2%
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
17 d late
2024
20 d late
2023
5 d early
2022
30 d late
2021
31 d late
2020
31 d late
2019
83 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42k▼ 1.0%
2024 · €42k
2018: €75k
2019: €-19k
2020: €39k
2021: €-16k
2022: €54k
2023: €20k
2024: €42k
2018 → 2025
Working capital
€444k▲ 11.0%
2024 · €400k
2018: €340k
2019: €303k
2020: €347k
2021: €296k
2022: €350k
2023: €357k
2024: €400k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€332k-€385k▲ 16.2%€406k▲ 5.2%€448k▲ 10.5%€490k▲ 9.4%
Operating result€8k-€80k▲ 904%€38k▼ 52.0%€100k▲ 160%€77k▼ 23.3%
Net result€-16k-€54k€20k▼ 62.4%€42k▲ 111%€42k▼ 1.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €582k
Fixed assets
€46k▼ 4.2%
Current assets
€535k▲ 5.1%
Equity and liabilities €582k
Equity
€490k▲ 9.4%
Debt
€92k▼ 16.6%
The debt ratio falls from 19.7% to 15.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€102k▼
2024 · €125k
Cash flow
€68k▲
2024 · €67k
Solvency
84.2%▲
2024 · 80.3%
Current ratio
5.83▲
2024 · 4.63
Quick ratio
2.10▼
2024 · 2.38
Debt / equity
0.19▼
2024 · 0.25
ROE
8.6%▼
2024 · 9.5%
ROA
7.2%▼
2024 · 7.6%
Interest coverage
4.54▼
2024 · 4.77
Debt
€92k▼
2024 · €110k
Debt ≤ 1 year
€92k▼
2024 · €110k
Income taxes
€18k▼
2024 · €24k
Staff costs
€8k=
2024 · €8k
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€558k€582k▲
Fixed assets21/28€49k€46k▼
Tangible fixed assets22/27€47k€45k▼
Plant, machinery and equipment23€45k€44k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€2k€2k=
Current assets29/58€510k€535k▲
Stocks and contracts in progress3€248k€343k▲
Stocks30/36€248k€343k▲
Amounts receivable within one year40/41€156k€142k▼
Trade receivables40€156k€111k▼
Other amounts receivable41-€31k
Cash at bank and in hand54/58€105k€49k▼
Deferred charges and accrued income490/1€1k€1k=
Equity and liabilities
Total equity and liabilities10/49€558k€582k▲
Equity10/15€448k€490k▲
Contributions10/11€400k€400k=
Capital10€400k€400k=
Issued capital100€400k€400k=
Reserves13€558€558=
Non-distributable reserves130/1€558€558=
Reserves not available under the articles1311€558€558=
Profit (loss) carried forward14€48k€90k▲
Amounts payable17/49€110k€92k▼
Amounts payable within one year42/48€110k€92k▼
Current portion of amounts payable after more than one year42-€12k
Trade debts44€59k€46k▼
Suppliers440/4€59k€46k▼
Taxes, remuneration and social security45€51k€34k▼
Taxes450/3€51k€34k▼
Income statement
Code20242025
Remuneration, social security and pensions62€8k€8k=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€26k▲
Other operating charges640/8€5k€3k▼
Gross operating margin9900€139k€113k▼
Operating profit (loss)9901€100k€77k▼
Financial income75/76B€3k€6k▲
Recurring financial income75€3k€6k▲
Financial charges65/66B€36k€23k▼
Recurring financial charges65€26k€23k▼
Non-recurring financial charges66B€10k-
Profit (loss) for the period before taxes9903€66k€60k▼
Income taxes67/77€24k€18k▼
Profit (loss) for the period9904€42k€42k▼
Profit (loss) for the period to be appropriated9905€42k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€48k€90k▲
Profit (loss) brought forward from the previous period14P€5k€48k▲
The notes to these accounts (9 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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 17 days late
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Back to profitnet €54k
Net result €54k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
31-12
Financial
Weakest financial yearnet €-19k ▼125%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Hamme (Vl.) · 1 establishment unit since 2003
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.
Zonneke 69220 Hamme (Vl.)Ground area
3,173 m²
Building footprint
876 m²
Volume, LiDAR
5,884 m³
Parcel 42452C0157/00C000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zonneke 6, 9220 Hamme (Vl.)
since 20032.131.933.801
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452C0157/00C000 | Flanders | 3,173 m² | 1 · 876 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 995 EUR awarded · 995 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 995 EUR | 995 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 806 companies in sector 46610 we hold annual accounts for 566. 468 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-05-2003
Fiscal year end31-12
Activities, NACEBEL
46610Wholesale trade
51880
29322
33120Repair and maintenance of machinery
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.