RAMABEL
ActiveSummary
RAMABEL has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€28,417) and a net result of €42,406. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 20% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability81▲+42
Solvency18▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.89 against 0.81 in 2023; short-term debt: 106.8% and cash: 43.2% of total assets), and equity is negative.
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Signals
Seven 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-6.8%
Return on assets
10.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 18626 sector peers (2025).
NBB · sector comparisonPosition among 18626 sector peers
Solvency
better than 20%
← 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
2023
30 d late
2021
143 d late
2020
31 d late
2019
53 d early
2018
64 d early
2017
75 d 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 6 days after the deadline; the sector median for financial year 2023 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 August (4 of the last 5 filed years within 83 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€28,417▲ 44.6%
2023 · -€51,311
Total assets
€416,000▲ 24.3%
2023 · €334,767
Net result
€42,406▼ 22.8%
2023 · €54,897
Working capital
-€50,446▲ 31.6%
2023 · -€73,739
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120232025
Operating result-€12,332-€3,687-€6,272-€8,575-€42,642-
Net result-€11,546-€3,065within the sector's middle half-€6,198below the sector's middle half€54,897above the sector's middle half-€42,406above the sector's middle half-
Equity-€289,269--€286,204below the sector's middle half▲ 1.1%-€292,402below the sector's middle half▼ 2.2%-€51,311below the sector's middle half--€28,417below the sector's middle half-
Total assets€134,343-€116,430within the sector's middle half▼ 13.3%€171,681within the sector's middle half▲ 47.5%€334,767above the sector's middle half-€416,000above the sector's middle half-
Debt€423,612-€402,634▼ 5.0%€464,083▲ 15.3%€386,078-€444,417-
Working capital-€331,643--€328,578below the sector's middle half▲ 0.9%-€334,776below the sector's middle half▼ 1.9%-€73,739below the sector's middle half--€50,446below the sector's middle half-
Solvency-215.3%--245.8%below the sector's middle half▼ 30.5pp-170.3%below the sector's middle half▲ 75.5pp-15.3%below the sector's middle half--6.8%below the sector's middle half-
Current ratio0.22-0.18below the sector's middle half▼ 0.030.28below the sector's middle half▲ 0.090.81below the sector's middle half-0.89within the sector's middle half-
Return on assets (ROA)-8.6%-2.6%within the sector's middle half▲ 11.2pp-3.6%below the sector's middle half▼ 6.2pp16.4%above the sector's middle half-10.2%within the sector's middle half-
Staff (FTE)0.5-11-
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €42,642 in 2025, compared with -€8,575 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €416,000
Fixed assets
€22,029 ▼ 1.8%
Current assets
€393,971 ▲ 26.1%
Key figures and ratios
EBITDA
€43,041▲
2023 · -€8,555
Cash flow
€42,805▼
2023 · €54,917
Quick ratio
0.73▲
2023 · 0.65
Debt to equity
-15.64▼
2023 · -7.52
Interest coverage
182.38▲
2023 · -109.50
Debt ≤ 1 year
€444,417▲
2023 · €386,078
Staff costs
€23,818▲
2023 · €22,801
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €1,695 | €22,801 | €23,818 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €20 | €399 | - |
| Other operating charges640/8 | - | - | €2,667 | €6,740 | €5,637 | - |
| Gross operating margin9900 | €10,442 | €33,374 | -€1,910 | €20,986 | €72,496 | - |
| Operating profit (loss)9901 | -€12,332 | €3,687 | -€6,272 | -€8,575 | €42,642 | - |
| Financial income75/76B | - | - | €247 | €81 | - | - |
| Recurring financial income75 | €875 | €52 | €247 | €81 | - | - |
| Financial charges65/66B | - | - | €173 | €78 | €236 | - |
| Recurring financial charges65 | €89 | €674 | €173 | €78 | €236 | - |
| Profit (loss) for the period before taxes9903 | -€11,546 | €3,065 | -€6,198 | -€8,572 | €42,406 | - |
| Transfer from deferred taxes780 | - | - | - | €63,469 | - | - |
| Profit (loss) for the period9904 | -€11,546 | €3,065 | -€6,198 | €54,897 | €42,406 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €190,406 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€11,546 | €3,065 | -€6,198 | €245,304 | €42,406 | - |
| Line | 2019 | 2020 | 2021 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134,343 | €116,430 | €171,681 | €334,767 | €416,000 | - |
| Fixed assets21/28 | €42,374 | €42,374 | €42,374 | €22,428 | €22,029 | - |
| Tangible fixed assets22/27 | €42,249 | €42,249 | €42,249 | €22,303 | €21,904 | - |
| Land and buildings22 | - | - | - | €21,125 | €21,125 | - |
| Furniture and vehicles24 | - | - | - | €1,178 | €779 | - |
| Leasing and similar rights25 | - | - | €42,249 | - | - | - |
| Financial fixed assets28 | €125 | €125 | €125 | €125 | €125 | - |
| Current assets29/58 | €91,969 | €74,056 | €129,307 | €312,340 | €393,971 | - |
| Stocks and contracts in progress3 | €31,165 | €33,500 | €42,876 | €60,253 | €68,673 | - |
| Stocks30/36 | - | - | €42,876 | €60,253 | €68,673 | - |
| Amounts receivable within one year40/41 | €40,091 | €12,128 | €53,528 | €83,032 | €140,042 | - |
| Trade receivables40 | - | - | €49,908 | €19,026 | €78,580 | - |
| Other amounts receivable41 | - | - | €3,620 | €64,005 | €61,462 | - |
| Cash at bank and in hand54/58 | €20,246 | €27,440 | €32,833 | €167,054 | €179,775 | - |
| Deferred charges and accrued income490/1 | - | - | €70 | €2,001 | €5,481 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134,343 | €116,430 | €171,681 | €334,767 | €416,000 | - |
| Equity10/15 | -€289,269 | -€286,204 | -€292,402 | -€51,311 | -€28,417 | - |
| Contributions10/11 | €123,947 | €123,947 | €123,947 | €123,947 | €123,947 | - |
| Capital10 | - | - | €123,947 | €123,947 | - | - |
| Issued capital100 | - | - | €123,947 | €123,947 | - | - |
| Reserves13 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | - |
| Non-distributable reserves130/1 | - | - | €12,395 | €12,395 | €12,395 | - |
| Legal reserve130 | - | - | €12,395 | €12,395 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €12,395 | - |
| Profit (loss) carried forward14 | -€425,611 | -€422,546 | -€428,744 | -€187,653 | -€164,759 | - |
| Amounts payable17/49 | €423,612 | €402,634 | €464,083 | €386,078 | €444,417 | - |
| Amounts payable within one year42/48 | €423,612 | €402,634 | €464,083 | €386,078 | €444,417 | - |
| Trade debts44 | - | €13,597 | €77,586 | €10,539 | €38,299 | - |
| Suppliers440/4 | - | - | €77,586 | €10,539 | €38,299 | - |
| Taxes, remuneration and social security45 | - | - | €3,422 | €4,420 | €741 | - |
| Taxes450/3 | - | - | €3,422 | - | €741 | - |
| Remuneration and social security454/9 | - | - | - | €4,420 | - | - |
| Other amounts payable47/48 | - | - | €383,075 | €371,119 | €405,377 | - |
| Line | 2019 | 2020 | 2021 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,546 | €3,065 | -€6,198 | €54,897 | €42,406 | - |
| + Depreciation and write-downs630 | - | - | - | €20 | €399 | - |
| Operating cash flow (approximation) | -€11,546 | €3,065 | -€6,198 | €54,917 | €42,805 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €7,194 | €5,393 | - | - | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €54,897
Net result €54,897 after one loss-making year.
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 143 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €3,065
Net result €3,065 after one loss-making year.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
13-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
26-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Sint-Jans-Molenbeek · 1 establishment unit since 1990
Ground area
185 m²
Parcel 21523B0939/00H108, Brussels. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
De Bonnestraat 103, 1080 Sint-Jans-Molenbeek
since 19902.049.275.844
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0939/00H108 | Brussels | 185 m² | - | - |
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 10,663 companies in sector 47811 we hold annual accounts for 5,225. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-06-1990
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441060384
Also
9925:BE0441060384
Registered
03-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.