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RAL

Active
Private limited companyfounded 2010active for 16 yearsNieuwendorpe 39, 9900 Eeklo, BelgiumKBO/BCE: BE 0826.857.890
Summary

RAL has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €506,328 and a net result of -€581. Equity is growing by about 26% per year across the filed financial years. Its solvency ranks better than 44% of 473 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28296Manufacture of metal structures and parts of structures NACE 25110
1 site
Size
€1.3mtotal assets 2025
Staff
15 FTE
Equity
€506,328
Loss
-€581
Turnover not published (abbreviated format)
Financial health
91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
IMMORAL · 80%
  • Van Gils GroupManaging director · permanent representative Joep Van Gils
Auditor: BV MOORE AUDITAccounts 31 days early2 of 5 deeds read
Why 91raises riskSize: 15 FTE, total assets €1.3mlowers riskLiquidity: current ratio 1.50, cash €306,011Founded in 2010Equity €506,328 (39.7% of total assets)Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 52% of its sector peers (NACE 28, small)
Financial strength · tick = 2024
Strong
Solvency 65+4
equity 39.7% of total assets
Liquidity 65+18
short-term debt 34.2% · cash 24.0%
Profitability 69=
return on assets 0.0%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (291 companies, NACE 28, small)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.1 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025highest value 08-2025: 0.4%● unchanged vs 07-2025highest value 09-2025: 0.4%● unchanged vs 08-2025highest value 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.2%▼ -0.2 percentage points vs 06-2026lowest value 08-2026: 0.2%● unchanged vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.5, compared with 1.39 in 2024; short-term debt: 34.2% and cash: 24% of total assets), and 60.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 28, small): better than 44% on solvency, 83% on liquidity, 45% on profitability and 35% on growth.

The bankruptcy probability was computed on 11-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.50, cash €306,011
NBB · annual accounts
lowers risk · Founded in 2010
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: 15 FTE, total assets €1.3m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €506,328 (39.7% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 days early
2024
51 days early
2023
40 days early
2022
83 days early
2021
41 days early
2020
3 days early
2019
53 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 43 days before the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointment: Moore Audit BV (statutory auditor)Permanent representative: Stijn Van Hout
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. Resignations & appointments · RestructuringAppointment: Van Gils Group BV…

Key points

  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by IMMORALultimately: Van Gils Group 80% View
  • Among the largest 20% on gross marginsector median €408,922 · 473 companies €1.3m View

By topic

Financials

Financial year
2025
Total assets
€1.3m
Loss
-€581
Solvency
39.7%
Total assets▼ 9.9%
Net result
20192025
Go to Financials

Board & ownership

Board
1 member
Parent
IMMORAL · 80%
Auditor
BV MOORE AUDIT
  • Van Gils GroupManaging director
Go to Board & ownership

Timeline

Events
22
Since
2012
Next accounts
by 31-07-2027
  1. 31-12-2025Weakest financial year
  2. 10-06-2025Annual accounts filed
  3. 21-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of machinery and equipment not elsewhere classifiedNACE 28296
Founded
23-06-2010
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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