RAMA
ActiveSummary
RAMA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €801k and a net result of €34k. Equity is growing by ~3.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 17.96 against 18.98 in 2023; short-term debt: 1.1% and cash: 17.7% of total assets), and 23.8% 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
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 2024Solvency, return and age of the figures
Solvency
76.2%
Return on assets
3.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
16 d early
2022
31 d late
2021
12 d early
2020
30 d late
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€801k▲ 4.4%
2023 · €767k
2018: €656klowest in 7 years
2019: €671k▲ +2.3% vs 2018
2020: €694k▲ +3.3% vs 2019
2021: €722k▲ +4.1% vs 2020
2022: €749k▲ +3.7% vs 2021
2023: €767k▲ +2.5% vs 2022
2024: €801k▲ +4.4% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.05M▲ 4.7%
2023 · €1.00M
2018: €1.42Mhighest in 7 years
2019: €1.18M▼ -16.8% vs 2018
2020: €1.16M▼ -2.4% vs 2019
2021: €1.17M▲ +1.5% vs 2020
2022: €996k▼ -15.2% vs 2021lowest in 7 years
2023: €1.00M▲ +0.9% vs 2022
2024: €1.05M▲ +4.7% vs 2023
2018 → 2024
Net result
€34k▲ 80.5%
2023 · €19k
2018: €14klowest in 7 years
2019: €15k▲ +9.1% vs 2018
2020: €22k▲ +45.0% vs 2019
2021: €28k▲ +27.0% vs 2020
2022: €27k▼ -5.0% vs 2021
2023: €19k▼ -30.0% vs 2022
2024: €34k▲ +80.5% vs 2023highest in 7 years
2018 → 2024
Working capital
€189k▲ 96.9%
2023 · €96k
2018: €269khighest in 7 years
2019: €91k▼ -66.0% vs 2018
2020: €115k▲ +25.7% vs 2019
2021: €157k▲ +36.3% vs 2020
2022: €27k▼ -82.7% vs 2021lowest in 7 years
2023: €96k▲ +254% vs 2022
2024: €189k▲ +96.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€694k-€722k▲ 4.1%€749k▲ 3.7%€767k▲ 2.5%€801k▲ 4.4%
2020: €694klowest in 5 years
2021: €722k▲ +4.1% vs 2020
2022: €749k▲ +3.7% vs 2021
2023: €767k▲ +2.5% vs 2022
2024: €801k▲ +4.4% vs 2023highest in 5 years
Operating result€51k-€59k▲ 16.2%€55k▼ 7.1%€37k▼ 33.6%€59k▲ 60.6%
2020: €51k
2021: €59k▲ +16.2% vs 2020highest in 5 years
2022: €55k▼ -7.1% vs 2021
2023: €37k▼ -33.6% vs 2022lowest in 5 years
2024: €59k▲ +60.6% vs 2023
Net result€22k-€28k▲ 27.0%€27k▼ 5.0%€19k▼ 30.0%€34k▲ 80.5%
2020: €22k
2021: €28k▲ +27.0% vs 2020
2022: €27k▼ -5.0% vs 2021
2023: €19k▼ -30.0% vs 2022lowest in 5 years
2024: €34k▲ +80.5% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 61% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.05M
Fixed assets
€852k ▼ 5.7%
Current assets
€200k ▲ 97.5%
Equity and liabilities €1.05M
Equity
€801k ▲ 4.4%
Debt
€250k ▲ 5.4%
Debt's share of the balance-sheet total rises from 23.6% to 23.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€116k▲
2023 · €94k
Cash flow
€91k▲
2023 · €76k
Current ratio
17.96▼
2023 · 18.98
Debt to equity
0.31▲
2023 · 0.31
ROE
4.2%▲
2023 · 2.4%
ROA
3.2%▲
2023 · 1.9%
Interest coverage
12.82▲
2023 · 10.38
Debt ≤ 1 year
€11k▲
2023 · €5k
Debt > 1 year
€225k=
2023 · €225k
Income taxes
€16k▲
2023 · €9k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.00M€1.05M▲
Formation expenses20€0€0=
Fixed assets21/28€903k€852k▼
Tangible fixed assets22/27€903k€852k▼
Land and buildings22€899k€843k▼
Plant, machinery and equipment23€4k€8k▲
Furniture and vehicles24€0€0=
Current assets29/58€101k€200k▲
Amounts receivable within one year40/41€3k€5k▲
Trade receivables40-€2k
Other amounts receivable41€3k€3k=
Current investments50/53€257€258▲
Cash at bank and in hand54/58€90k€186k▲
Deferred charges and accrued income490/1€8k€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.00M€1.05M▲
Equity10/15€767k€801k▲
Contributions10/11€534k€534k=
Capital10€534k€534k=
Issued capital100€534k€534k=
Reserves13€233k€267k▲
Non-distributable reserves130/1€53k€53k=
Legal reserve130€53k€53k=
Distributable reserves133€180k€214k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€237k€250k▲
Amounts payable after more than one year17€225k€225k=
Financial debts170/4€225k€225k=
Amounts payable within one year42/48€5k€11k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€3k€9k▲
Taxes450/3€3k€9k▲
Accrued charges and deferred income492/3€7k€14k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€57k▼
Other operating charges640/8€23k€19k▼
Gross operating margin9900€117k€135k▲
Operating profit (loss)9901€37k€59k▲
Financial income75/76B€0€6▲
Recurring financial income75€0€6▲
Financial charges65/66B€9k€9k▼
Recurring financial charges65€9k€9k▼
Profit (loss) for the period before taxes9903€28k€50k▲
Income taxes67/77€9k€16k▲
Profit (loss) for the period9904€19k€34k▲
Profit (loss) for the period to be appropriated9905€19k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€34k▲
Profit (loss) brought forward from the previous period14P€853-
Transfer to equity691/2€20k€34k▲
To other reserves6921€20k€34k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57k | €55k | €58k | €57k | €57k | ▼ 0.4% |
| Other operating charges640/8 | - | €17k | €17k | €23k | €19k | ▼ 15.2% |
| Gross operating margin9900 | €124k | €131k | €130k | €117k | €135k | ▲ 15.9% |
| Operating profit (loss)9901 | €51k | €59k | €55k | €37k | €59k | ▲ 60.6% |
| Financial income75/76B | - | - | €3 | €0 | €6 | ▲ 57,700% |
| Recurring financial income75 | - | - | €3 | €0 | €6 | ▲ 57,700% |
| Financial charges65/66B | - | €18k | €15k | €9k | €9k | ▼ 0.1% |
| Recurring financial charges65 | €18k | €18k | €15k | €9k | €9k | ▼ 0.1% |
| Profit (loss) for the period before taxes9903 | €33k | €42k | €40k | €28k | €50k | ▲ 80.5% |
| Income taxes67/77 | €10k | €13k | €13k | €9k | €16k | ▲ 80.5% |
| Profit (loss) for the period9904 | €22k | €28k | €27k | €19k | €34k | ▲ 80.5% |
| Profit (loss) for the period to be appropriated9905 | €22k | €28k | €27k | €19k | €34k | ▲ 80.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.16M | €1.17M | €996k | €1.00M | €1.05M | ▲ 4.7% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €1.02M | €1.01M | €958k | €903k | €852k | ▼ 5.7% |
| Tangible fixed assets22/27 | €1.02M | €1.01M | €958k | €903k | €852k | ▼ 5.7% |
| Land and buildings22 | - | €1.01M | €953k | €899k | €843k | ▼ 6.2% |
| Plant, machinery and equipment23 | - | €2k | €5k | €4k | €8k | ▲ 93.0% |
| Furniture and vehicles24 | - | - | €0 | €0 | €0 | - |
| Current assets29/58 | €133k | €163k | €38k | €101k | €200k | ▲ 97.5% |
| Amounts receivable within one year40/41 | €860 | €984 | €2k | €3k | €5k | ▲ 49.2% |
| Trade receivables40 | - | - | - | - | €2k | - |
| Other amounts receivable41 | - | €984 | €2k | €3k | €3k | = |
| Current investments50/53 | €257 | €257 | €257 | €257 | €258 | ▲ 0.2% |
| Cash at bank and in hand54/58 | €122k | €157k | €27k | €90k | €186k | ▲ 106% |
| Deferred charges and accrued income490/1 | - | €6k | €9k | €8k | €9k | ▲ 17.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.16M | €1.17M | €996k | €1.00M | €1.05M | ▲ 4.7% |
| Equity10/15 | €694k | €722k | €749k | €767k | €801k | ▲ 4.4% |
| Contributions10/11 | €534k | €534k | €534k | €534k | €534k | = |
| Capital10 | - | €534k | €534k | €534k | €534k | = |
| Issued capital100 | - | €534k | €534k | €534k | €534k | = |
| Reserves13 | €158k | €187k | €214k | €233k | €267k | ▲ 14.6% |
| Non-distributable reserves130/1 | - | €57k | €57k | €53k | €53k | = |
| Legal reserve130 | - | €57k | €57k | €53k | €53k | = |
| Distributable reserves133 | - | €130k | €157k | €180k | €214k | ▲ 18.9% |
| Profit (loss) carried forward14 | €853 | €853 | €853 | €0 | - | - |
| Amounts payable17/49 | €463k | €453k | €247k | €237k | €250k | ▲ 5.4% |
| Amounts payable after more than one year17 | €430k | €430k | €225k | €225k | €225k | = |
| Financial debts170/4 | - | €430k | €225k | €225k | €225k | = |
| Amounts payable within one year42/48 | €19k | €7k | €11k | €5k | €11k | ▲ 109% |
| Trade debts44 | €18 | - | €2k | €3k | €2k | ▼ 28.5% |
| Suppliers440/4 | - | - | €2k | €3k | €2k | ▼ 28.5% |
| Taxes, remuneration and social security45 | - | €7k | €10k | €3k | €9k | ▲ 242% |
| Taxes450/3 | - | €7k | €10k | €3k | €9k | ▲ 242% |
| Accrued charges and deferred income492/3 | - | €16k | €11k | €7k | €14k | ▲ 104% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €28k | €27k | €19k | €34k | ▲ 80.5% |
| + Depreciation and write-downs630 | €57k | €55k | €58k | €57k | €57k | ▼ 0.4% |
| Operating cash flow (approximation) | €79k | €83k | €84k | €76k | €91k | ▲ 19.6% |
| Investment in fixed assets (approximation) | - | €-43k | €-4k | €-3k | €-5k | ▼ 78.5% |
| Change in cash | - | €34k | €-130k | €63k | €96k | ▲ 51.6% |
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
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €34k ▲80.5%
Net result €34k, the highest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 6current ratio 18.98
Current ratio from 3.44 to 18.98; short-term debt falls from €11k to €5k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 24.63
Current ratio from 7.20 to 24.63; short-term debt falls from €19k to €7k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Erpe-Mere · 1 establishment unit since 1988
Ground area
207 m²
Building footprint
207 m²
Volume, LiDAR
1,025 m³
Parcel 41040B0653/00N000, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RAMA
since 19882.041.148.135
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41040B0653/00N000 | Flanders | 207 m² | 1 · 207 m² | 11.6 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.
Identification & contact
Identification
Legal formPublic limited company
Founded24-10-1988
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.