RALS
ActiveSummary
RALS is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€245,071) and a net result of €43,020. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 5% of 9,750 sector peers (NACE 64, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-07-2020 Normal situation
- Activity
- Activities of holding companies NACE 64210and 2 others
- Establishment unit
- 2.304.579.547 2610 Antwerpen, since 07-07-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 21-05-2025
Board and ownership
Board
- Van der Aa BarryDirector · since 07-07-2020
- Holdings
- Shares in 1 company BOUWBEDRIJF NAGELS
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €43,020
- Equity
- -€245,071
- ▲ 14.9%
- Total assets
- €48,921
- ▲ 30.0%
- Negative equity on 31-12-2025
Filed on 25-02-2026, 156 days before the deadline
Signalsraises riskWeak solvency compared with the sectorneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Two signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9750 sector peers (2025).
NBB · sector comparisonPosition among 9750 sector peers
Solvency
better than 5%
← weakest
strongest →
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 25-02-2026, 156 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
156 days early
2024
34 days early
2023
28 days early
2022
33 days early
2021
32 days early
2020
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 48 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% 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 28 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 25-02-2026 PDF all 6 filings
Equity
-€245,071▲ 14.9%
2024 · -€288,091
Net result
€43,020
2024 · -€277,372
Total assets
€48,921▲ 30.0%
2024 · €37,629
Solvency
-501.0%▲ 264.7pp
2024 · -765.6%
Trend over the years
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result for 2025 is a profit of €180,099, after a loss of €118,879 in 2024. It is the highest result since 2021.
Operating result€180,099
2025
Net result€43,020
2025
Total assets€48,921
2025
Equity-€245,071
2025
Debt€293,992
2025
Working capital-€214,778
2025
Return on assets (ROA)87.9%
2025
Solvency-501.0%
2025
Current ratio0.15
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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 and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€8,184-€7,125▼ 12.9%€17,721▲ 149%-€32,554-€118,879▼ 265%€180,099
Net result€6,552within the sector's middle half-€5,543within the sector's middle half▼ 15.4%€13,557within the sector's middle half▲ 145%-€34,571below the sector's middle half-€277,372below the sector's middle half▼ 702%€43,020within the sector's middle half
Equity€7,952below the sector's middle half-€11,895below the sector's middle half▲ 49.6%€23,851below the sector's middle half▲ 101%-€10,719below the sector's middle half-€288,091below the sector's middle half▼ 2,588%-€245,071below the sector's middle half▲ 14.9%
Total assets€21,112below the sector's middle half-€290,749within the sector's middle half▲ 14×€335,235within the sector's middle half▲ 15.3%€296,152within the sector's middle half▼ 11.7%€37,629below the sector's middle half▼ 87.3%€48,921below the sector's middle half▲ 30.0%
Debt€13,161-€278,854▲ 21×€311,384▲ 11.7%€306,872▼ 1.4%€325,720▲ 6.1%€293,992▼ 9.7%
Working capital€7,952within the sector's middle half-€10,599within the sector's middle half▲ 33.3%€13,713within the sector's middle half▲ 29.4%-€179,618below the sector's middle half-€295,929below the sector's middle half▼ 64.8%-€214,778below the sector's middle half▲ 27.4%
Solvency37.7%within the sector's middle half-4.1%below the sector's middle half▼ 33.6pp7.1%below the sector's middle half▲ 3.0pp-3.6%below the sector's middle half▼ 10.7pp-765.6%below the sector's middle half▼ 762.0pp-501.0%below the sector's middle half▲ 264.7pp
Current ratio1.60within the sector's middle half-1.04within the sector's middle half▼ 0.571.05within the sector's middle half▲ 0.010.38below the sector's middle half▼ 0.670.06below the sector's middle half▼ 0.320.15below the sector's middle half▲ 0.09
Return on assets (ROA)31.0%above the sector's middle half-1.9%within the sector's middle half▼ 29.1pp4.0%within the sector's middle half▲ 2.1pp-11.7%below the sector's middle half▼ 15.7pp-737.1%below the sector's middle half▼ 725.5pp87.9%above the sector's middle half▲ 825.1pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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
2025 in colour, 2024 as the grey bar beneath
Assets €48,921
Fixed assets
€10,287 ▼ 43.0%
Current assets
€38,634 ▲ 97.4%
Equity and liabilities
Equity-€245,071
Debt€293,992
Equity is negative. Debt (€293,992) exceeds the balance-sheet total (€48,921).
Key figures and ratios
Debt ≤ 1 year
€253,412▼
2024 · €315,498
Debt > 1 year
€40,580▲
2024 · €10,222
Income taxes
€132▼
2024 · €147
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,373 | €38,867 | - | - | - |
| Financial fixed assets | - | - | €160,000 | - | - |
| Depreciation and write-downs of the year | €78 | €5,718 | €8,231 | €8,153 | €7,773 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €775 awarded · €775 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €260 | €260 |
| 2022 | 1 | €515 | €515 |
Comparable companies
These companies have the same main activity as RALS: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €48,200 and €62,900, founded between 2020 and 2021.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| RALS Antwerpen | 2020 | €48,921 | -€245,071 | €55,183 | €43,020 | 2025 |
| K. KERSTENS Wuustwezel | 2020 | €55,962 | €2,000 | €67,003 | €47,862 | 2025 |
| Minalco International Waregem | 2020 | €48,159 | €27,619 | €53,120 | €37,753 | 2025 |
| JOS BAENS Bree | 2021 | €52,689 | €3,438 | €62,729 | €47,736 | 2025 |
| NORIF Oostende | 2020 | €59,804 | €47,648 | €58,558 | €42,648 | 2025 |
| AISLING Wetteren | 2021 | €51,774 | -€215,005 | €61,670 | -€364,026 | 2026 |
| ADAMANT Diest | 2020 | €62,864 | €5,000 | €52,998 | €40,225 | 2025 |
They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €78 | €5,718 | €8,231 | €8,153 | €7,773 | ▼ 4.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €134,084 | -€134,084 | - |
| Other operating charges640/8 | - | €949 | €1,301 | €1,177 | €1,081 | €1,395 | ▲ 29.1% |
| Gross operating margin9900 | €8,581 | €8,152 | €24,740 | -€23,146 | €24,439 | €55,183 | ▲ 126% |
| Operating profit (loss)9901 | €8,184 | €7,125 | €17,721 | -€32,554 | -€118,879 | €180,099 | - |
| Financial income75/76B | - | €0 | €41 | €773 | €2,037 | €53 | ▼ 97.4% |
| Recurring financial income75 | €7 | €0 | €41 | €773 | €2,037 | €53 | ▼ 97.4% |
| Financial charges65/66B | - | €197 | €309 | €2,608 | €160,383 | €136,999 | ▼ 14.6% |
| Recurring financial charges65 | €2 | €197 | €309 | €2,608 | €383 | €136,999 | ▲ 358× |
| Non-recurring financial charges66B | - | - | - | - | €160,000 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €8,189 | €6,928 | €17,453 | -€34,389 | -€277,225 | €43,152 | - |
| Income taxes67/77 | €1,638 | €1,384 | €3,896 | €182 | €147 | €132 | ▼ 10.3% |
| Profit (loss) for the period9904 | €6,552 | €5,543 | €13,557 | -€34,571 | -€277,372 | €43,020 | - |
| Profit (loss) for the period to be appropriated9905 | €6,552 | €5,543 | €13,557 | -€34,571 | -€277,372 | €43,020 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €21,112 | €290,749 | €335,235 | €296,152 | €37,629 | €48,921 | ▲ 30.0% |
| Fixed assets21/28 | - | €1,296 | €34,444 | €186,213 | €18,060 | €10,287 | ▼ 43.0% |
| Tangible fixed assets22/27 | - | €1,296 | €34,444 | €26,213 | €18,060 | €10,287 | ▼ 43.0% |
| Plant, machinery and equipment23 | - | €1,296 | €838 | €380 | €0 | - | - |
| Furniture and vehicles24 | - | - | €33,607 | €25,833 | €18,060 | €10,287 | ▼ 43.0% |
| Financial fixed assets28 | - | - | - | €160,000 | €0 | - | - |
| Current assets29/58 | €21,112 | €289,454 | €300,791 | €109,939 | €19,569 | €38,634 | ▲ 97.4% |
| Stocks and contracts in progress3 | - | €258,240 | €258,240 | €0 | - | - | - |
| Stocks30/36 | - | €258,240 | €258,240 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €7,865 | €7,865 | €26,470 | €94,969 | €0 | €8,558 | - |
| Trade receivables40 | - | €7,865 | €26,470 | €37,018 | €0 | €8,440 | - |
| Other amounts receivable41 | - | - | - | €57,952 | €0 | €118 | - |
| Cash at bank and in hand54/58 | €13,247 | €23,349 | €13,807 | €11,896 | €17,764 | €23,372 | ▲ 31.6% |
| Deferred charges and accrued income490/1 | - | - | €2,274 | €3,074 | €1,804 | €6,704 | ▲ 272% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €21,112 | €290,749 | €335,235 | €296,152 | €37,629 | €48,921 | ▲ 30.0% |
| Equity10/15 | €7,952 | €11,895 | €23,851 | -€10,719 | -€288,091 | -€245,071 | ▲ 14.9% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €4,952 | €8,895 | €20,851 | -€13,719 | -€291,091 | -€248,071 | ▲ 14.8% |
| Amounts payable17/49 | €13,161 | €278,854 | €311,384 | €306,872 | €325,720 | €293,992 | ▼ 9.7% |
| Amounts payable after more than one year17 | - | - | €24,306 | €17,314 | €10,222 | €40,580 | ▲ 297% |
| Financial debts170/4 | - | - | €24,306 | €17,314 | €10,222 | €40,580 | ▲ 297% |
| Amounts payable within one year42/48 | €13,161 | €278,854 | €287,078 | €289,557 | €315,498 | €253,412 | ▼ 19.7% |
| Current portion of amounts payable after more than one year42 | - | - | €6,892 | €6,992 | €7,092 | €13,797 | ▲ 94.5% |
| Financial debts43 | - | - | - | €340 | €0 | - | - |
| Credit institutions430/8 | - | - | - | €340 | €0 | - | - |
| Trade debts44 | €4,195 | €3,967 | €3,223 | €4,195 | €584 | €766 | ▲ 31.3% |
| Suppliers440/4 | - | €3,967 | €3,223 | €4,195 | €584 | €766 | ▲ 31.3% |
| Taxes, remuneration and social security45 | - | €1,270 | €3,586 | €3,820 | €1,110 | €1,804 | ▲ 62.5% |
| Taxes450/3 | - | €1,270 | €3,586 | €3,820 | €1,110 | €1,804 | ▲ 62.5% |
| Other amounts payable47/48 | - | €273,617 | €273,376 | €274,211 | €306,712 | €237,045 | ▼ 22.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,552 | €5,543 | €13,557 | -€34,571 | -€277,372 | €43,020 | - |
| + Depreciation and write-downs630 | - | €78 | €5,718 | €8,231 | €8,153 | €7,773 | ▼ 4.7% |
| Operating cash flow (approximation) | €6,552 | €5,621 | €19,275 | -€26,339 | -€269,219 | €50,794 | - |
| Investment in fixed assets (approximation) | - | - | -€38,867 | -€160,000 | €160,000 | €0 | ▼ 100% |
| Change in cash | - | €10,101 | -€9,542 | -€1,911 | €5,868 | €5,608 | ▼ 4.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-02-2026 | 2026-00043205 | |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00184238 | |
| 31-12-2023 | micro format | 03-07-2024 | 2024-00200701 | |
| 31-12-2022 | micro format | 28-06-2023 | 2023-00165664 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20104267 | |
| 31-12-2020 | micro format | 28-07-2021 | 2021-40800356 |
Board & ownership
Directors
Directors
1 director, last change in 2026
Van der Aa Barry
Current
Owners and capital
Owners
Mandate history
2 people, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Van der Aa Barry |
|
| Sappenberghs Mieke |
|
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 2025Equity -€3,857 Loss of €181,925 in 2023 (profit of €3,900 in 2022) Checked score 2150%
Connections & network
1 current directorThe network starts from the directors of RALS. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
25-02
micro format · 156 days before the deadline
24-02
Gazette deed
Resignation: Sappenberghs Mieke (director)2 points ▸
Gazette deed
Resignation: Sappenberghs Mieke (director)
2 points ▸
- General meeting, 02-02-2026
- Director resignation, Sappenberghs Mieke (director (not named in the articles))
2025
31-12
Financial
Back to profitnet €43,020
The net result is €43,020, after 2 loss-making years.
27-06
micro format · 34 days before the deadline
2024
31-12
Financial
Weakest financial yearnet -€277,372
The net result drops to -€277,372, the lowest from 2020 to 2025. It recovers the following year.
03-07
micro format · 28 days before the deadline
2023
28-06
micro format · 33 days before the deadline
2022
29-06
micro format · 32 days before the deadline
2021
28-07
micro format · 3 days before the deadline
2020
09-07
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
RALS in Dutch
Enterprise number
0749.878.492
Legal form
Private limited company
Status
Active, normale toestand
Founded
07-07-2020
Entity type
Legal entity
Registered office and establishments
Registered office
Jules Moretuslei 484, 2610 Antwerpen, Belgium
Establishment unit
RALS BV, Jules Moretuslei 484, 2610 Antwerpen since 07-07-2020 · unit number 2.304.579.547
Activities
NACEBEL 202564210
Activities of holding companies main activity
73300
Public relations and communication consultancy
82990
Other business support services
Codes under NACEBEL 2008
64200
Holdings main activity
70210
Activities of head offices; management consultancy activities
82990
Other business support services
Invoicing and payment
VAT number
BE 0749.878.492
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Environmental permits
1 application in Flanders since 2021 · 1 granted
Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the address
Ground area
205 m²
Building footprint
91 m²
Building volume
683 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11051B0039/00X004 | Flanders | 205 m² | 1 · 91 m² | 11.1 m · 2 |