RAM GROUP
ActiveSummary
The computed 12-month bankruptcy probability of RAM GROUP is 1.9% (moderate). The 2025 annual accounts show equity of €145k and a net result of €24k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 4654 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-3
Solvency79▲+13
Growth79▼-3
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.45 against 1.77 in 2024; short-term debt: 34.4% and cash: 1.6% of total assets), and 46.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
53.9%
Return on assets
8.8%
Age of the figures
11 mo
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
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 01-06-2026, 1 day late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
1 d late
2024
on the day
2023
on the day
2022
11 d early
2021
22 d early
2020
6 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-10-2026 close31-05-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€271k▲ 3.7%
2024 · €262k
2018: €102k
2019: €93k▼ -9.1% vs 2018
2020: €97k▲ +4.1% vs 2019
2021: €85k▼ -12.2% vs 2020lowest in 8 years
2022: €119k▲ +39.7% vs 2021
2023: €295k▲ +149% vs 2022highest in 8 years
2024: €262k▼ -11.2% vs 2023
2025: €271k▲ +3.7% vs 2024
2018 → 2025
EBIT margin
12.3%▼ 2.6pp
2024 · 14.9%
2018: 7.8%lowest in 8 years
2019: 33.9%▲ +335% vs 2018
2020: 54.4%▲ +60.8% vs 2019highest in 8 years
2021: 29.0%▼ -46.7% vs 2020
2022: 9.0%▼ -68.8% vs 2021
2023: 14.1%▲ +55.9% vs 2022
2024: 14.9%▲ +6.0% vs 2023
2025: 12.3%▼ -17.4% vs 2024
2018 → 2025
Net result
€24k▼ 18.8%
2024 · €29k
2018: €9k
2019: €26k▲ +203% vs 2018
2020: €44k▲ +70.0% vs 2019highest in 8 years
2021: €17k▼ -62.4% vs 2020
2022: €5k▼ -67.8% vs 2021lowest in 8 years
2023: €33k▲ +521% vs 2022
2024: €29k▼ -12.0% vs 2023
2025: €24k▼ -18.8% vs 2024
2018 → 2025
Working capital
€135k▲ 17.6%
2024 · €115k
2018: €43klowest in 8 years
2019: €55k▲ +26.9% vs 2018
2020: €70k▲ +28.2% vs 2019
2021: €88k▲ +25.1% vs 2020
2022: €79k▼ -9.8% vs 2021
2023: €100k▲ +25.5% vs 2022
2024: €115k▲ +15.0% vs 2023
2025: €135k▲ +17.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€85k-€119k▲ 39.7%€295k▲ 149%€262k▼ 11.2%€271k▲ 3.7%
2021: €85klowest in 5 years
2022: €119k▲ +39.7% vs 2021
2023: €295k▲ +149% vs 2022highest in 5 years
2024: €262k▼ -11.2% vs 2023
2025: €271k▲ +3.7% vs 2024
Equity€93k-€98k▲ 5.7%€117k▲ 18.5%€131k▲ 12.2%€145k▲ 11.2%
2021: €93klowest in 5 years
2022: €98k▲ +5.7% vs 2021
2023: €117k▲ +18.5% vs 2022
2024: €131k▲ +12.2% vs 2023
2025: €145k▲ +11.2% vs 2024highest in 5 years
Operating result€25k-€11k▼ 56.5%€42k▲ 288%€39k▼ 5.8%€33k▼ 14.4%
2021: €25k
2022: €11k▼ -56.5% vs 2021lowest in 5 years
2023: €42k▲ +288% vs 2022highest in 5 years
2024: €39k▼ -5.8% vs 2023
2025: €33k▼ -14.4% vs 2024
Net result€17k-€5k▼ 67.8%€33k▲ 521%€29k▼ 12.0%€24k▼ 18.8%
2021: €17k
2022: €5k▼ -67.8% vs 2021lowest in 5 years
2023: €33k▲ +521% vs 2022highest in 5 years
2024: €29k▼ -12.0% vs 2023
2025: €24k▼ -18.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €270k
Fixed assets
€42k ▼ 28.0%
Current assets
€228k ▼ 13.7%
Equity and liabilities €270k
Equity
€145k ▲ 11.2%
Debt
€124k ▼ 35.1%
Debt's share of the balance-sheet total falls from 59.4% to 46.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49k▼
2024 · €58k
Cash flow
€39k▼
2024 · €48k
Current ratio
2.45▲
2024 · 1.77
Debt to equity
0.85▼
2024 · 1.46
ROE
16.3%▼
2024 · 22.3%
ROA
8.8%▼
2024 · 9.1%
Interest coverage
18.25▼
2024 · 36.64
Debt ≤ 1 year
€93k▼
2024 · €149k
Debt > 1 year
€32k▼
2024 · €43k
Income taxes
€7k▼
2024 · €8k
Staff costs
€11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€322k€270k▼
Fixed assets21/28€59k€42k▼
Tangible fixed assets22/27€58k€42k▼
Plant, machinery and equipment23€1k€857▼
Furniture and vehicles24€57k€41k▼
Financial fixed assets28€375€375=
Current assets29/58€264k€228k▼
Amounts receivable within one year40/41€257k€223k▼
Trade receivables40€86k€43k▼
Other amounts receivable41€171k€180k▲
Cash at bank and in hand54/58€6k€4k▼
Deferred charges and accrued income490/1€246€697▲
Equity and liabilities
Total equity and liabilities10/49€322k€270k▼
Equity10/15€131k€145k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€123k€137k▲
Amounts payable17/49€192k€124k▼
Amounts payable after more than one year17€43k€32k▼
Financial debts170/4€43k€32k▼
Amounts payable within one year42/48€149k€93k▼
Current portion of amounts payable after more than one year42€13k€11k▼
Trade debts44€106k€21k▼
Suppliers440/4€106k€21k▼
Taxes, remuneration and social security45€15k€51k▲
Taxes450/3€11k€14k▲
Remuneration and social security454/9€3k€37k▲
Other amounts payable47/48€15k€9k▼
Income statement
Code20242025
Turnover70€262k€271k▲
Non-recurring operating income76A-€13k
Goods, raw materials, services and sundry goods60/61€201k€223k▲
Remuneration, social security and pensions62-€11k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€15k▼
Other operating charges640/8€3k€1k▼
Gross operating margin9900€61k€62k▲
Operating profit (loss)9901€39k€33k▼
Financial income75/76B€0€95▲
Recurring financial income75€0€95▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€38k€31k▼
Income taxes67/77€8k€7k▼
Profit (loss) for the period9904€29k€24k▼
Profit (loss) for the period to be appropriated9905€29k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€138k€146k▲
Profit (loss) brought forward from the previous period14P€109k€123k▲
Profit to be distributed694/7€15k€9k▼
Directors or managers695€15k€9k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €85k | €119k | €295k | €262k | €271k | ▲ 3.7% |
| Non-recurring operating income76A | - | - | - | - | €13k | - |
| Goods, raw materials, services and sundry goods60/61 | €53k | €88k | €233k | €201k | €223k | ▲ 10.8% |
| Remuneration, social security and pensions62 | - | - | - | - | €11k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €14k | €16k | €19k | €15k | ▼ 19.6% |
| Other operating charges640/8 | €2k | €6k | €4k | €3k | €1k | ▼ 43.6% |
| Gross operating margin9900 | €32k | €30k | €62k | €61k | €62k | ▲ 1.4% |
| Operating profit (loss)9901 | €25k | €11k | €42k | €39k | €33k | ▼ 14.4% |
| Financial income75/76B | - | - | - | €0 | €95 | ▲ 949,900% |
| Recurring financial income75 | - | - | - | €0 | €95 | ▲ 949,900% |
| Financial charges65/66B | €529 | €1k | €712 | €2k | €3k | ▲ 68.4% |
| Recurring financial charges65 | €529 | €1k | €712 | €2k | €3k | ▲ 68.4% |
| Profit (loss) for the period before taxes9903 | €24k | €10k | €41k | €38k | €31k | ▼ 17.6% |
| Income taxes67/77 | €7k | €4k | €8k | €8k | €7k | ▼ 13.4% |
| Profit (loss) for the period9904 | €17k | €5k | €33k | €29k | €24k | ▼ 18.8% |
| Profit (loss) for the period to be appropriated9905 | €17k | €5k | €33k | €29k | €24k | ▼ 18.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €175k | €234k | €245k | €322k | €270k | ▼ 16.3% |
| Fixed assets21/28 | €5k | €32k | €31k | €59k | €42k | ▼ 28.0% |
| Tangible fixed assets22/27 | €5k | €31k | €30k | €58k | €42k | ▼ 28.1% |
| Plant, machinery and equipment23 | - | - | €1k | €1k | €857 | ▼ 27.3% |
| Furniture and vehicles24 | €5k | €31k | €29k | €57k | €41k | ▼ 28.2% |
| Financial fixed assets28 | €375 | €375 | €375 | €375 | €375 | = |
| Current assets29/58 | €170k | €202k | €215k | €264k | €228k | ▼ 13.7% |
| Amounts receivable within one year40/41 | €160k | €201k | €206k | €257k | €223k | ▼ 13.4% |
| Trade receivables40 | €15k | €48k | €44k | €86k | €43k | ▼ 50.3% |
| Other amounts receivable41 | €145k | €153k | €162k | €171k | €180k | ▲ 5.1% |
| Cash at bank and in hand54/58 | €9k | - | €9k | €6k | €4k | ▼ 31.9% |
| Deferred charges and accrued income490/1 | €1k | €941 | €245 | €246 | €697 | ▲ 183% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €175k | €234k | €245k | €322k | €270k | ▼ 16.3% |
| Equity10/15 | €93k | €98k | €117k | €131k | €145k | ▲ 11.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €85k | €90k | €109k | €123k | €137k | ▲ 12.0% |
| Amounts payable17/49 | €82k | €135k | €129k | €192k | €124k | ▼ 35.1% |
| Amounts payable after more than one year17 | - | €13k | €14k | €43k | €32k | ▼ 25.7% |
| Financial debts170/4 | - | €13k | €14k | €43k | €32k | ▼ 25.7% |
| Amounts payable within one year42/48 | €82k | €122k | €115k | €149k | €93k | ▼ 37.8% |
| Current portion of amounts payable after more than one year42 | €787 | €11k | €14k | €13k | €11k | ▼ 13.8% |
| Financial debts43 | - | €387 | - | - | - | - |
| Credit institutions430/8 | - | €387 | - | - | - | - |
| Trade debts44 | €54k | €93k | €54k | €106k | €21k | ▼ 79.9% |
| Suppliers440/4 | €52k | €42k | €54k | €106k | €21k | ▼ 79.9% |
| Bills of exchange payable441 | €2k | €51k | - | - | - | - |
| Taxes, remuneration and social security45 | €27k | €18k | €31k | €15k | €51k | ▲ 245% |
| Taxes450/3 | €15k | €6k | €16k | €11k | €14k | ▲ 24.5% |
| Remuneration and social security454/9 | €12k | €12k | €15k | €3k | €37k | ▲ 966% |
| Other amounts payable47/48 | - | - | €15k | €15k | €9k | ▼ 40.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €5k | €33k | €29k | €24k | ▼ 18.8% |
| + Depreciation and write-downs630 | €5k | €14k | €16k | €19k | €15k | ▼ 19.6% |
| Operating cash flow (approximation) | €22k | €19k | €49k | €48k | €39k | ▼ 19.2% |
| Investment in fixed assets (approximation) | - | €-41k | €-15k | €-47k | €1k | ▲ 102% |
| Change in cash | - | - | - | €-2k | €-2k | ▲ 15.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 1 day late
2025
31-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-10
Financial
Equity above €100kEq €117k ▲18.5%
6 profitable years in a row build equity to €117k.
20-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-10
Financial
Weakest financial yearnet €5k ▼67.8%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-10
Financial
Highest result since 2018net €44k ▲70%
Operating result €53k, net result €44k, both a record.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Ukkel · 1 establishment unit since 2012
Ground area
1,616 m²
Building footprint
1,089 m²
Volume, LiDAR
6,528 m³
Parcel 21614E0126/00A002, Brussels · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
312
companies at this address
See who is registered here
1 establishment unit
Ram Group
since 20122.214.963.326
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0126/00A002 | Brussels | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,987 companies in sector 49320 we hold annual accounts for 2,721. 1,735 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded14-12-2012
Fiscal year end31-10
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49410Freight transport by road
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.