RAMDASH
ActiveSummary
RAMDASH has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €229,802 and a net result of €75,478. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 60% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+4
Solvency68▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity short (current ratio 0.4 against 0.37 in 2024; short-term debt: 48% and cash: 18.7% of total assets), and 57.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
42.7%
Return on assets
14%
Age of the figures
12 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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €229,802
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
12 d early
2023
8 d early
2022
16 d late
2021
17 d late
2020
14 d late
2019
28 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 5 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 23 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€229,802▲ 6.9%
2024 · €214,955
Total assets
€538,284▲ 4.3%
2024 · €516,316
Net result
€75,478▲ 34.1%
2024 · €56,276
Working capital
-€155,568▼ 12.9%
2024 · -€137,768
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20212022202320242025
Operating result€163,606▲ 42.4%€110,852▼ 32.2%€43,462▼ 60.8%€80,048▲ 84.2%€77,713▼ 2.9%
Net result€101,047above the sector's middle half▲ 34.7%-€246,546below the sector's middle half€38,469above the sector's middle half€56,276above the sector's middle half▲ 46.3%€75,478above the sector's middle half▲ 34.1%
Equity€414,656above the sector's middle half▲ 32.2%€149,965within the sector's middle half▼ 63.8%€158,679within the sector's middle half▲ 5.8%€214,955within the sector's middle half▲ 35.5%€229,802within the sector's middle half▲ 6.9%
Total assets€788,500within the sector's middle half▼ 3.3%€508,597within the sector's middle half▼ 35.5%€481,835within the sector's middle half▼ 5.3%€516,316within the sector's middle half▲ 7.2%€538,284within the sector's middle half▲ 4.3%
Debt€373,844▼ 25.4%€358,632▼ 4.1%€323,156▼ 9.9%€301,361▼ 6.7%€308,483▲ 2.4%
Working capital-€160,782below the sector's middle half▲ 7.3%-€145,967below the sector's middle half▲ 9.2%-€165,766below the sector's middle half▼ 13.6%-€137,768below the sector's middle half▲ 16.9%-€155,568below the sector's middle half▼ 12.9%
Solvency52.6%within the sector's middle half▲ 14.1pp29.5%within the sector's middle half▼ 23.1pp32.9%within the sector's middle half▲ 3.4pp41.6%within the sector's middle half▲ 8.7pp42.7%within the sector's middle half▲ 1.1pp
Current ratio0.15below the sector's middle half▼ 0.050.30below the sector's middle half▲ 0.150.20below the sector's middle half▼ 0.100.37within the sector's middle half▲ 0.170.40within the sector's middle half▲ 0.03
Return on assets (ROA)12.8%above the sector's middle half▲ 3.6pp-48.5%below the sector's middle half▼ 61.3pp8.0%above the sector's middle half▲ 56.5pp10.9%above the sector's middle half▲ 2.9pp14.0%above the sector's middle half▲ 3.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, 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 falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €538,284
Fixed assets
€435,670 ▲ 0.1%
Current assets
€102,615 ▲ 26.4%
Equity and liabilities €538,284
Equity
€229,802 ▲ 6.9%
Debt
€308,483 ▲ 2.4%
Debt's share of the balance-sheet total falls from 58.4% to 57.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€78,186▼
2024 · €85,155
Cash flow
€75,951▲
2024 · €61,383
Debt to equity
1.34▼
2024 · 1.40
ROE
32.8%▲
2024 · 26.2%
Interest coverage
44.50▼
2024 · 576.89
Debt ≤ 1 year
€258,183▲
2024 · €218,966
Debt > 1 year
€50,000▼
2024 · €81,801
Income taxes
€478▼
2024 · €24,706
Staff costs
€181
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €181 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,606 | €16,554 | €5,472 | €5,107 | €473 | ▼ 90.7% |
| Other operating charges640/8 | €619 | €15,427 | €1,451 | €1,749 | €1,355 | ▼ 22.5% |
| Non-recurring operating charges66A | - | - | - | - | €2,000 | - |
| Gross operating margin9900 | €174,832 | €142,832 | €50,385 | €86,904 | €81,722 | ▼ 6.0% |
| Operating profit (loss)9901 | €163,606 | €110,852 | €43,462 | €80,048 | €77,713 | ▼ 2.9% |
| Financial income75/76B | - | - | €2 | €1,081 | - | - |
| Recurring financial income75 | - | - | €2 | €1,081 | - | - |
| Financial charges65/66B | €6,207 | €354,198 | €3,329 | €148 | €1,757 | ▲ 1,090% |
| Recurring financial charges65 | €6,207 | €354,198 | €3,329 | €148 | €1,757 | ▲ 1,090% |
| Profit (loss) for the period before taxes9903 | €157,399 | -€243,346 | €40,135 | €80,982 | €75,956 | ▼ 6.2% |
| Income taxes67/77 | €56,352 | €3,200 | €1,665 | €24,706 | €478 | ▼ 98.1% |
| Profit (loss) for the period9904 | €101,047 | -€246,546 | €38,469 | €56,276 | €75,478 | ▲ 34.1% |
| Profit (loss) for the period to be appropriated9905 | €101,047 | -€246,546 | €38,469 | €56,276 | €75,478 | ▲ 34.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €788,500 | €508,597 | €481,835 | €516,316 | €538,284 | ▲ 4.3% |
| Fixed assets21/28 | €760,631 | €445,697 | €440,225 | €435,118 | €435,670 | ▲ 0.1% |
| Tangible fixed assets22/27 | €10,606 | €45,422 | €39,950 | €34,843 | €35,395 | ▲ 1.6% |
| Land and buildings22 | - | €44,235 | €39,238 | €34,482 | €34,460 | ▼ 0.1% |
| Plant, machinery and equipment23 | - | €723 | €542 | €362 | €181 | ▼ 50.0% |
| Furniture and vehicles24 | €10,606 | €40 | - | - | €754 | - |
| Other tangible fixed assets26 | - | €424 | €170 | - | - | - |
| Financial fixed assets28 | €750,025 | €400,275 | €400,275 | €400,275 | €400,275 | = |
| Current assets29/58 | €27,868 | €62,900 | €41,610 | €81,198 | €102,615 | ▲ 26.4% |
| Amounts receivable within one year40/41 | €23,406 | €42,965 | €33,599 | €67,943 | - | - |
| Trade receivables40 | €11,400 | €42,739 | €2,000 | €2,000 | - | - |
| Other amounts receivable41 | €12,006 | €226 | €31,599 | €65,943 | - | - |
| Cash at bank and in hand54/58 | €3,703 | €18,232 | €4,900 | €11,164 | €100,595 | ▲ 801% |
| Deferred charges and accrued income490/1 | €760 | €1,703 | €3,111 | €2,091 | €2,020 | ▼ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €788,500 | €508,597 | €481,835 | €516,316 | €538,284 | ▲ 4.3% |
| Equity10/15 | €414,656 | €149,965 | €158,679 | €214,955 | €229,802 | ▲ 6.9% |
| Contributions10/11 | €15,000 | €48,355 | €18,600 | €18,600 | €22,319 | ▲ 20.0% |
| Reserves13 | €209,342 | €211,202 | €211,202 | €211,202 | €207,482 | ▼ 1.8% |
| Non-distributable reserves130/1 | €1,860 | €3,719 | €3,719 | €3,719 | - | - |
| Reserves not available under the articles1311 | €1,860 | €3,719 | €3,719 | €3,719 | - | - |
| Distributable reserves133 | €207,482 | €207,482 | €207,482 | €207,482 | €207,482 | = |
| Profit (loss) carried forward14 | €190,314 | -€109,592 | -€71,122 | -€14,846 | - | - |
| Amounts payable17/49 | €373,844 | €358,632 | €323,156 | €301,361 | €308,483 | ▲ 2.4% |
| Amounts payable after more than one year17 | €185,193 | €149,030 | €115,780 | €81,801 | €50,000 | ▼ 38.9% |
| Financial debts170/4 | €185,193 | €149,030 | €115,780 | €81,801 | €50,000 | ▼ 38.9% |
| Amounts payable within one year42/48 | €188,651 | €208,867 | €207,376 | €218,966 | €258,183 | ▲ 17.9% |
| Current portion of amounts payable after more than one year42 | €95,235 | €36,163 | €35,770 | €31,056 | €28,941 | ▼ 6.8% |
| Trade debts44 | €60,581 | €64,095 | €34,430 | €40 | €1,268 | ▲ 3,079% |
| Suppliers440/4 | €60,581 | €64,095 | €34,430 | €40 | €1,268 | ▲ 3,079% |
| Taxes, remuneration and social security45 | €32,835 | €250 | - | €25,595 | €17,051 | ▼ 33.4% |
| Taxes450/3 | €32,835 | €250 | - | €25,595 | €17,051 | ▼ 33.4% |
| Other amounts payable47/48 | - | €108,358 | €137,176 | €162,275 | €210,923 | ▲ 30.0% |
| Accrued charges and deferred income492/3 | - | €735 | - | €594 | €300 | ▼ 49.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101,047 | -€246,546 | €38,469 | €56,276 | €75,478 | ▲ 34.1% |
| + Depreciation and write-downs630 | €10,606 | €16,554 | €5,472 | €5,107 | €473 | ▼ 90.7% |
| Operating cash flow (approximation) | €111,653 | -€229,993 | €43,941 | €61,383 | €75,951 | ▲ 23.7% |
| Investment in fixed assets (approximation) | - | €298,381 | €0 | €0 | -€1,024 | - |
| Change in cash | - | €14,530 | -€13,333 | €6,264 | €89,431 | ▲ 1,328% |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €200,000Eq €214,955 ▲35.5%
2 profitable years in a row build equity to €214,955.
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €38,469
Net result €38,469 after one loss-making year.
30-09
Financial
Equity above €150,000Eq €158,679 ▲5.8%
Equity rises from €149,965 to €158,679.
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
30-09
Financial
Weakest financial yearnet -€246,546
Net result drops to -€246,546, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
30-09
Financial
Highest result since 2018net €101,047 ▲34.7%
Operating result €163,606, net result €101,047, both a record.
14-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 14 days late
2020
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 17 days late
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
29-05
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 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, Anderlecht · 1 establishment unit since 2015
Ground area
724 m²
Building footprint
161 m²
Volume, LiDAR
915 m³
Parcel 21306D0339/00Y007, Brussels · tallest building 14.4 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
RAMDASH
since 20152.243.657.807
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0339/00Y007 | Brussels | 724 m² | 1 · 161 m² | 14.4 m · 1 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 3,762 companies in sector 68321 we hold annual accounts for 1,394. 998 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
Founded11-03-2015
Fiscal year end30-09
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0600902231
Also
9925:BE0600902231
Registered
20-03-2026
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.