RAMAGE
ActiveSummary
RAMAGE has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.61M and a net result of €4k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 36% of 677 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▼-24
Solvency60=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.94 in 2024; short-term debt: 11.6% of total assets), and 64.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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
35.2%
Return on assets
0.1%
Age of the figures
9 mo
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
99 d early
2023
41 d early
2022
40 d early
2021
39 d early
2020
24 d early
2019
24 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4k▼ 78.5%
2024 · €18k
2018: €6k
2019: €-7k▼ -220% vs 2018lowest in 8 years
2020: €28k▲ +486% vs 2019
2021: €56k▲ +96.1% vs 2020highest in 8 years
2022: €13k▼ -77.1% vs 2021
2023: €4k▼ -68.2% vs 2022
2024: €18k▲ +348% vs 2023
2025: €4k▼ -78.5% vs 2024
2018 → 2025
Working capital
€-69k▼ 147%
2024 · €-28k
2018: €-256k
2019: €-274k▼ -7.1% vs 2018
2020: €-312k▼ -13.7% vs 2019
2021: €-365k▼ -16.9% vs 2020
2022: €-158k▲ +56.8% vs 2021
2023: €-438k▼ -178% vs 2022lowest in 8 years
2024: €-28k▲ +93.6% vs 2023highest in 8 years
2025: €-69k▼ -147% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.57M-€1.59M▲ 0.8%€1.59M▲ 0.3%€1.61M▲ 1.1%€1.61M▲ 0.2%
2021: €1.57Mlowest in 5 years
2022: €1.59M▲ +0.8% vs 2021
2023: €1.59M▲ +0.3% vs 2022
2024: €1.61M▲ +1.1% vs 2023
2025: €1.61M▲ +0.2% vs 2024highest in 5 years
Operating result€74k-€23k▼ 69.0%€28k▲ 20.2%€42k▲ 50.9%€59k▲ 40.7%
2021: €74khighest in 5 years
2022: €23k▼ -69.0% vs 2021lowest in 5 years
2023: €28k▲ +20.2% vs 2022
2024: €42k▲ +50.9% vs 2023
2025: €59k▲ +40.7% vs 2024
Net result€56k-€13k▼ 77.1%€4k▼ 68.2%€18k▲ 348%€4k▼ 78.5%
2021: €56khighest in 5 years
2022: €13k▼ -77.1% vs 2021
2023: €4k▼ -68.2% vs 2022
2024: €18k▲ +348% vs 2023
2025: €4k▼ -78.5% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 41% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.58M
Fixed assets
€4.11M ▼ 2.8%
Current assets
€462k ▲ 12.6%
Equity and liabilities €4.58M
Equity
€1.61M ▲ 0.2%
Debt
€2.97M ▼ 2.3%
Debt's share of the balance-sheet total falls from 65.4% to 64.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€146k▲
2024 · €129k
Cash flow
€91k▼
2024 · €105k
Current ratio
0.87▼
2024 · 0.94
Quick ratio
0.60▼
2024 · 0.63
Debt to equity
1.84▼
2024 · 1.89
ROE
0.2%▼
2024 · 1.1%
ROA
0.1%▼
2024 · 0.4%
Interest coverage
1.38▼
2024 · 4.23
Debt ≤ 1 year
€531k▲
2024 · €438k
Debt > 1 year
€2.43M▼
2024 · €2.60M
Income taxes
€7k▲
2024 · €2k
Staff costs
€559k▲
2024 · €520k
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.64M€4.58M▼
Fixed assets21/28€4.23M€4.11M▼
Tangible fixed assets22/27€1.79M€1.70M▼
Land and buildings22€1.26M€1.26M▼
Plant, machinery and equipment23€523k€438k▼
Furniture and vehicles24€1k€21▼
Financial fixed assets28€2.45M€2.42M▼
Current assets29/58€410k€462k▲
Stocks and contracts in progress3€135k€141k▲
Stocks30/36€108k€114k▲
Contracts in progress37€27k€27k=
Amounts receivable within one year40/41€266k€319k▲
Trade receivables40€238k€276k▲
Other amounts receivable41€28k€43k▲
Cash at bank and in hand54/58€7k-
Deferred charges and accrued income490/1€1k€1k=
Equity and liabilities
Total equity and liabilities10/49€4.64M€4.58M▼
Equity10/15€1.61M€1.61M▲
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Revaluation surpluses12€1.06M€1.06M=
Reserves13€306k€306k=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€272k€272k=
Profit (loss) carried forward14€91k€95k▲
Amounts payable17/49€3.03M€2.97M▼
Amounts payable after more than one year17€2.60M€2.43M▼
Financial debts170/4€2.60M€2.43M▼
Amounts payable within one year42/48€438k€531k▲
Current portion of amounts payable after more than one year42€44k€159k▲
Financial debts43-€59k
Credit institutions430/8-€59k
Trade debts44€226k€197k▼
Suppliers440/4€226k€197k▼
Taxes, remuneration and social security45€167k€115k▼
Taxes450/3€40k€25k▼
Remuneration and social security454/9€128k€89k▼
Other amounts payable47/48-€197
Income statement
Code20242025
Remuneration, social security and pensions62€520k€559k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€87k€87k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-2k
Other operating charges640/8€56k€54k▼
Gross operating margin9900€705k€757k▲
Operating profit (loss)9901€42k€59k▲
Financial income75/76B€9k€58k▲
Recurring financial income75€9k€58k▲
Financial charges65/66B€31k€106k▲
Recurring financial charges65€31k€106k▲
Profit (loss) for the period before taxes9903€20k€11k▼
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€18k€4k▼
Profit (loss) for the period to be appropriated9905€18k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€91k€95k▲
Profit (loss) brought forward from the previous period14P€73k€91k▲
Social balance
Average headcount (FTE)90879.19.8▲
The notes to these accounts (21 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €585k | €431k | €477k | €520k | €559k | ▲ 7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53k | €54k | €77k | €87k | €87k | ▼ 0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2k | - | €-2k | - |
| Other operating charges640/8 | €52k | €49k | €42k | €56k | €54k | ▼ 3.7% |
| Gross operating margin9900 | €764k | €557k | €626k | €705k | €757k | ▲ 7.3% |
| Operating profit (loss)9901 | €74k | €23k | €28k | €42k | €59k | ▲ 40.7% |
| Financial income75/76B | €11k | €13k | €9k | €9k | €58k | ▲ 531% |
| Recurring financial income75 | €11k | €13k | €9k | €9k | €58k | ▲ 531% |
| Financial charges65/66B | €29k | €23k | €32k | €31k | €106k | ▲ 246% |
| Recurring financial charges65 | €29k | €23k | €32k | €31k | €106k | ▲ 246% |
| Profit (loss) for the period before taxes9903 | €56k | €13k | €4k | €20k | €11k | ▼ 46.6% |
| Income taxes67/77 | €123 | €450 | €427 | €2k | €7k | ▲ 218% |
| Profit (loss) for the period9904 | €56k | €13k | €4k | €18k | €4k | ▼ 78.5% |
| Profit (loss) for the period to be appropriated9905 | €56k | €13k | €4k | €18k | €4k | ▼ 78.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.49M | €2.29M | €2.49M | €4.64M | €4.58M | ▼ 1.4% |
| Fixed assets21/28 | €2.21M | €1.94M | €2.33M | €4.23M | €4.11M | ▼ 2.8% |
| Intangible fixed assets21 | €720 | €480 | €240 | - | - | - |
| Tangible fixed assets22/27 | €1.61M | €1.57M | €1.85M | €1.79M | €1.70M | ▼ 4.9% |
| Land and buildings22 | €1.27M | €1.27M | €1.26M | €1.26M | €1.26M | ▼ 0.2% |
| Plant, machinery and equipment23 | €340k | €298k | €584k | €523k | €438k | ▼ 16.2% |
| Furniture and vehicles24 | €216 | €5k | €4k | €1k | €21 | ▼ 98.3% |
| Leasing and similar rights25 | €5k | - | - | - | - | - |
| Financial fixed assets28 | €591k | €373k | €477k | €2.45M | €2.42M | ▼ 1.2% |
| Current assets29/58 | €280k | €350k | €163k | €410k | €462k | ▲ 12.6% |
| Stocks and contracts in progress3 | €147k | €121k | €132k | €135k | €141k | ▲ 4.4% |
| Stocks30/36 | €147k | €121k | €107k | €108k | €114k | ▲ 5.5% |
| Contracts in progress37 | - | - | €25k | €27k | €27k | = |
| Amounts receivable within one year40/41 | €86k | €220k | €3k | €266k | €319k | ▲ 20.1% |
| Trade receivables40 | €86k | €192k | €3k | €238k | €276k | ▲ 15.8% |
| Other amounts receivable41 | €29 | €28k | - | €28k | €43k | ▲ 57.0% |
| Cash at bank and in hand54/58 | €47k | €10k | €27k | €7k | - | - |
| Deferred charges and accrued income490/1 | - | - | €1k | €1k | €1k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.49M | €2.29M | €2.49M | €4.64M | €4.58M | ▼ 1.4% |
| Equity10/15 | €1.57M | €1.59M | €1.59M | €1.61M | €1.61M | ▲ 0.2% |
| Contributions10/11 | €150k | €150k | €150k | €150k | €150k | = |
| Capital10 | €150k | €150k | €150k | €150k | €150k | = |
| Issued capital100 | €150k | €150k | €150k | €150k | €150k | = |
| Revaluation surpluses12 | €1.06M | €1.06M | €1.06M | €1.06M | €1.06M | = |
| Reserves13 | €306k | €306k | €306k | €306k | €306k | = |
| Non-distributable reserves130/1 | €15k | €15k | €15k | €15k | €15k | = |
| Legal reserve130 | €15k | €15k | €15k | €15k | €15k | = |
| Tax-exempt reserves132 | €19k | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | €272k | €272k | €272k | €272k | €272k | = |
| Profit (loss) carried forward14 | €56k | €69k | €73k | €91k | €95k | ▲ 4.3% |
| Amounts payable17/49 | €913k | €707k | €904k | €3.03M | €2.97M | ▼ 2.3% |
| Amounts payable after more than one year17 | €269k | €199k | €302k | €2.60M | €2.43M | ▼ 6.2% |
| Financial debts170/4 | €269k | €199k | €302k | €2.60M | €2.43M | ▼ 6.2% |
| Amounts payable within one year42/48 | €644k | €508k | €601k | €438k | €531k | ▲ 21.2% |
| Current portion of amounts payable after more than one year42 | €96k | €70k | €116k | €44k | €159k | ▲ 262% |
| Financial debts43 | €75k | €75k | - | - | €59k | - |
| Credit institutions430/8 | €75k | €75k | - | - | €59k | - |
| Trade debts44 | €242k | €199k | €221k | €226k | €197k | ▼ 12.8% |
| Suppliers440/4 | €242k | €199k | €221k | €226k | €197k | ▼ 12.8% |
| Taxes, remuneration and social security45 | €165k | €90k | €193k | €167k | €115k | ▼ 31.4% |
| Taxes450/3 | €76k | €16k | €106k | €40k | €25k | ▼ 36.0% |
| Remuneration and social security454/9 | €89k | €74k | €87k | €128k | €89k | ▼ 30.0% |
| Other amounts payable47/48 | €66k | €74k | €71k | - | €197 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56k | €13k | €4k | €18k | €4k | ▼ 78.5% |
| + Depreciation and write-downs630 | €53k | €54k | €77k | €87k | €87k | ▼ 0.5% |
| Operating cash flow (approximation) | €109k | €67k | €81k | €105k | €91k | ▼ 14.0% |
| Investment in fixed assets (approximation) | - | €210k | €-464k | €-1.99M | €30k | ▲ 101% |
| Change in cash | - | €-37k | €17k | €-19k | - | - |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €56k ▲96.1%
Operating result €74k, net result €56k, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Lessines · 1 establishment unit since 1997
Ground area
2.1 ha
Building footprint
8,486 m²
Volume, LiDAR
87,084 m³
Parcel 55023B0773/00R002, Wallonia · tallest building 18.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
RAMAGE
since 19972.081.647.417
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55023B0773/00R002 | Wallonia | 2.1 ha | 1 · 8,485 m² | 18.6 m · 3 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 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,133 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-04-1997
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25120Manufacture of fabricated metal products, except machinery and equipment
Scores and ratios are computed by Checked and are not a credit decision.