RAL
ActiveThe annual accounts of RAL for fiscal year 2025 show a net loss of 99% of the equity at the start of that year. The 2025 annual accounts show equity of €4k and a net result of €-285k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 87 sector peers (fiscal year 2025). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency26▼-27
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.82 against 1.15 in 2024; short-term debt: 99.5% and cash: 61.9% of total assets), and 99.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Sector 02
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.5%
Return on assets
-36.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-285k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 87 sector peers (2025).
NBB · sector comparisonPosition among 87 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
1 d early
2023
on the day
2022
32 d late
2021
18 d early
2020
19 d early
2019
39 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
19-09-2026 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
€-285k▲ 56.5%
2024 · €-654k
2018: €17k
2019: €43k
2020: €23k
2021: €110k
2022: €180k
2023: €23k
2024: €-654k
2018 → 2025
Working capital
€-138k
2024 · €112k
2018: €390k
2019: €448k
2020: €503k
2021: €609k
2022: €696k
2023: €637k
2024: €112k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€741k-€920k▲ 24.2%€943k▲ 2.5%€289k▼ 69.4%€4k▼ 98.6%
Operating result€180k-€394k▲ 119%€46k▼ 88.2%€-651k€-283k▲ 56.5%
Net result€110k-€180k▲ 63.9%€23k▼ 87.4%€-654k€-285k▲ 56.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €283k in 2025 against €651k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €771k
Fixed assets
€142k▼ 19.8%
Current assets
€629k▼ 28.0%
Equity and liabilities €771k
Equity
€4k▼ 98.6%
Debt
€767k▲ 0.7%
The debt ratio rises from 72.5% to 99.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-248k▲
2024 · €-615k
Cash flow
€-250k▲
2024 · €-617k
Solvency
0.5%▼
2024 · 27.5%
Current ratio
0.82▼
2024 · 1.15
Quick ratio
0.79▲
2024 · 0.56
ROA
-36.9%▲
2024 · -62.3%
Interest coverage
-162.78▲
2024 · -199.51
Debt
€767k▲
2024 · €761k
Debt ≤ 1 year
€767k▲
2024 · €761k
A ratio outside any meaningful range has been withheld (balance sheet total €771k, equity €4k).
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€1.05M€771k▼
Fixed assets21/28€177k€142k▼
Tangible fixed assets22/27€177k€142k▼
Land and buildings22€88k€86k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€86k€54k▼
Current assets29/58€873k€629k▼
Stocks and contracts in progress3€447k€25k▼
Stocks30/36€447k€25k▼
Amounts receivable within one year40/41€137k€125k▼
Trade receivables40€133k€123k▼
Other amounts receivable41€4k€2k▼
Cash at bank and in hand54/58€286k€477k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.05M€771k▼
Equity10/15€289k€4k▼
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€165k€165k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Distributable reserves133€152k€152k=
Profit (loss) carried forward14-€-285k
Amounts payable17/49€761k€767k▲
Amounts payable within one year42/48€761k€767k▲
Trade debts44€56k€62k▲
Suppliers440/4€56k€62k▲
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48€704k€703k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€35k▼
Other operating charges640/8€6k€2k▼
Non-recurring operating charges66A€6k-
Gross operating margin9900€-603k€-246k▲
Operating profit (loss)9901€-651k€-283k▲
Financial income75/76B€543-
Recurring financial income75€543-
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-654k€-285k▲
Profit (loss) for the period9904€-654k€-285k▲
Profit (loss) for the period to be appropriated9905€-654k€-285k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-654k€-285k▲
Transfer from equity791/2€654k-
The notes to these accounts (3 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-654k ▼3000%
Net result drops to €-654k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-12
Financial
Highest result since 2018net €180k ▲63.9%
Operating result €394k, net result €180k, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 39 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Brussel · 1 establishment unit since 1983
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.
Nijverheidsstraat 111000 BrusselGround area
1,235 m²
Building footprint
446 m²
Volume, LiDAR
9,054 m³
2 parcels, Brussels, Flanders · tallest building 32.8 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
Hoge Paal 10, 1600 Sint-Pieters-Leeuw
since 19832.023.157.308
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0384/00B000 | Brussels | 653 m² | 1 · 295 m² | 32.8 m · 10 fl. |
| 23582D0139/00F003 | Flanders | 582 m² | 1 · 151 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Pieters-Leeuw2.023.157.308
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Of 1,556 companies in sector 02200 we hold annual accounts for 449. 90 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-09-1983
Fiscal year end31-12
Activities, NACEBEL
02012
02200Logging
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.