RAMENHAL
ActiveSummary
RAMENHAL has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.04M and a net result of €783k. Equity is growing by ~30.6% per year across the filed fiscal years. Its solvency ranks better than 93% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €400k at 30 days acceptable
Liquidity ample (current ratio 11.36 against 9.51 in 2024; short-term debt: 8.4% and cash: 21.5% of total assets), and 8.5% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
91.5%
Return on assets
14.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 09-06-2026, 52 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
52 d early
2024
2 d early
2023
27 d early
2022
28 d early
2021
20 d early
2020
22 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, abbreviated schema
Equity
€5.04M▲ 18.4%
2024 · €4.26M
2020: €531klowest in 6 years
2021: €1.47M▲ +177% vs 2020
2022: €2.53M▲ +72.1% vs 2021
2023: €3.44M▲ +36.2% vs 2022
2024: €4.26M▲ +23.8% vs 2023
2025: €5.04M▲ +18.4% vs 2024highest in 6 years
2020 → 2025
Total assets
€5.51M▲ 16.0%
2024 · €4.75M
2020: €1.28Mlowest in 6 years
2021: €2.31M▲ +81.0% vs 2020
2022: €3.36M▲ +45.5% vs 2021
2023: €4.10M▲ +22.1% vs 2022
2024: €4.75M▲ +15.8% vs 2023
2025: €5.51M▲ +16.0% vs 2024highest in 6 years
2020 → 2025
Net result
€783k▼ 4.2%
2024 · €818k
2020: €501klowest in 6 years
2021: €939k▲ +87.4% vs 2020
2022: €1.06M▲ +12.9% vs 2021highest in 6 years
2023: €914k▼ -13.7% vs 2022
2024: €818k▼ -10.5% vs 2023
2025: €783k▼ -4.2% vs 2024
2020 → 2025
Working capital
€4.80M▲ 18.6%
2024 · €4.04M
2020: €564klowest in 6 years
2021: €1.45M▲ +157% vs 2020
2022: €2.40M▲ +65.5% vs 2021
2023: €3.26M▲ +35.8% vs 2022
2024: €4.04M▲ +23.9% vs 2023
2025: €4.80M▲ +18.6% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.47M-€2.53M▲ 72.1%€3.44M▲ 36.2%€4.26M▲ 23.8%€5.04M▲ 18.4%
2021: €1.47Mlowest in 5 years
2022: €2.53M▲ +72.1% vs 2021
2023: €3.44M▲ +36.2% vs 2022
2024: €4.26M▲ +23.8% vs 2023
2025: €5.04M▲ +18.4% vs 2024highest in 5 years
Operating result€1.38M-€1.54M▲ 11.5%€1.35M▼ 12.4%€1.19M▼ 11.8%€1.13M▼ 5.2%
2021: €1.38M
2022: €1.54M▲ +11.5% vs 2021highest in 5 years
2023: €1.35M▼ -12.4% vs 2022
2024: €1.19M▼ -11.8% vs 2023
2025: €1.13M▼ -5.2% vs 2024lowest in 5 years
Net result€939k-€1.06M▲ 12.9%€914k▼ 13.7%€818k▼ 10.5%€783k▼ 4.2%
2021: €939k
2022: €1.06M▲ +12.9% vs 2021highest in 5 years
2023: €914k▼ -13.7% vs 2022
2024: €818k▼ -10.5% vs 2023
2025: €783k▼ -4.2% vs 2024lowest 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 has fallen three years in a row; 2025 is 5% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.51M
Fixed assets
€256k ▲ 9.5%
Current assets
€5.26M ▲ 16.4%
Equity and liabilities €5.51M
Equity
€5.04M ▲ 18.4%
Debt
€469k ▼ 4.5%
Debt's share of the balance-sheet total falls from 10.3% to 8.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.19M▼
2024 · €1.25M
Cash flow
€846k▼
2024 · €879k
Current ratio
11.36▲
2024 · 9.51
Quick ratio
5.06▼
2024 · 5.64
Debt to equity
0.09▼
2024 · 0.12
ROE
15.5%▼
2024 · 19.2%
ROA
14.2%▼
2024 · 17.2%
Interest coverage
66.97▼
2024 · 68.06
Debt ≤ 1 year
€463k▼
2024 · €475k
Debt > 1 year
€7k▼
2024 · €16k
Income taxes
€356k▼
2024 · €390k
Staff costs
€380k▲
2024 · €330k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.75M€5.51M▲
Fixed assets21/28€234k€256k▲
Intangible fixed assets21-€1k
Tangible fixed assets22/27€234k€255k▲
Plant, machinery and equipment23€61k€88k▲
Furniture and vehicles24€37k€50k▲
Leasing and similar rights25€39k€23k▼
Other tangible fixed assets26€97k€94k▼
Current assets29/58€4.52M€5.26M▲
Amounts receivable after more than one year29€800k€800k=
Other amounts receivable291€800k€800k=
Stocks and contracts in progress3€1.84M€2.92M▲
Stocks30/36€1.84M€2.92M▲
Amounts receivable within one year40/41€466k€354k▼
Trade receivables40€368k€154k▼
Other amounts receivable41€98k€200k▲
Current investments50/53€1.00M€0▼
Cash at bank and in hand54/58€413k€1.19M▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€4.75M€5.51M▲
Equity10/15€4.26M€5.04M▲
Contributions10/11€30k€30k=
Reserves13€4.23M€5.01M▲
Distributable reserves133€4.23M€5.01M▲
Amounts payable17/49€492k€469k▼
Amounts payable after more than one year17€16k€7k▼
Financial debts170/4€16k€7k▼
Amounts payable within one year42/48€475k€463k▼
Current portion of amounts payable after more than one year42€18k€10k▼
Financial debts43€6k€8k▲
Credit institutions430/8€6k€8k▲
Trade debts44€125k€186k▲
Suppliers440/4€125k€186k▲
Advances received on contracts in progress46€231k€178k▼
Taxes, remuneration and social security45€90k€81k▼
Taxes450/3€62k€53k▼
Remuneration and social security454/9€27k€29k▲
Other amounts payable47/48€6k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€330k€380k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€63k▲
Other operating charges640/8€55k€26k▼
Non-recurring operating charges66A€8k€536▼
Gross operating margin9900€1.64M€1.60M▼
Operating profit (loss)9901€1.19M€1.13M▼
Financial income75/76B€37k€30k▼
Recurring financial income75€37k€30k▼
Financial charges65/66B€18k€18k▼
Recurring financial charges65€18k€18k▼
Profit (loss) for the period before taxes9903€1.21M€1.14M▼
Income taxes67/77€390k€356k▼
Profit (loss) for the period9904€818k€783k▼
Profit (loss) for the period to be appropriated9905€818k€783k▼
Appropriation of the result
Profit (loss) to be appropriated9906€818k€783k▼
Transfer to equity691/2€818k€783k▼
To other reserves6921€818k€783k▼
Social balance
Average headcount (FTE)90879.19.1=
The notes to these accounts (20 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 | €117k | €214k | €298k | €330k | €380k | ▲ 15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €45k | €64k | €61k | €63k | ▲ 3.1% |
| Other operating charges640/8 | €10k | €17k | €38k | €55k | €26k | ▼ 52.8% |
| Non-recurring operating charges66A | - | €13k | €0 | €8k | €536 | ▼ 93.1% |
| Gross operating margin9900 | €1.53M | €1.83M | €1.75M | €1.64M | €1.60M | ▼ 2.8% |
| Operating profit (loss)9901 | €1.38M | €1.54M | €1.35M | €1.19M | €1.13M | ▼ 5.2% |
| Financial income75/76B | €7k | €18k | €17k | €37k | €30k | ▼ 20.3% |
| Recurring financial income75 | €7k | €18k | €17k | €37k | €30k | ▼ 20.3% |
| Financial charges65/66B | €16k | €19k | €24k | €18k | €18k | ▼ 3.2% |
| Recurring financial charges65 | €16k | €19k | €24k | €18k | €18k | ▼ 3.2% |
| Profit (loss) for the period before taxes9903 | €1.37M | €1.54M | €1.34M | €1.21M | €1.14M | ▼ 5.7% |
| Income taxes67/77 | €434k | €480k | €428k | €390k | €356k | ▼ 8.7% |
| Profit (loss) for the period9904 | €939k | €1.06M | €914k | €818k | €783k | ▼ 4.2% |
| Profit (loss) for the period to be appropriated9905 | €939k | €1.06M | €914k | €818k | €783k | ▼ 4.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.31M | €3.36M | €4.10M | €4.75M | €5.51M | ▲ 16.0% |
| Fixed assets21/28 | €80k | €199k | €214k | €234k | €256k | ▲ 9.5% |
| Intangible fixed assets21 | - | - | - | - | €1k | - |
| Tangible fixed assets22/27 | €80k | €199k | €214k | €234k | €255k | ▲ 9.0% |
| Plant, machinery and equipment23 | €13k | €21k | €22k | €61k | €88k | ▲ 44.1% |
| Furniture and vehicles24 | €26k | €46k | €37k | €37k | €50k | ▲ 34.3% |
| Leasing and similar rights25 | €12k | €78k | €57k | €39k | €23k | ▼ 41.2% |
| Other tangible fixed assets26 | €30k | €54k | €98k | €97k | €94k | ▼ 2.6% |
| Current assets29/58 | €2.23M | €3.16M | €3.89M | €4.52M | €5.26M | ▲ 16.4% |
| Amounts receivable after more than one year29 | - | €800k | €800k | €800k | €800k | = |
| Other amounts receivable291 | - | €800k | €800k | €800k | €800k | = |
| Stocks and contracts in progress3 | €776k | €1.39M | €1.92M | €1.84M | €2.92M | ▲ 58.6% |
| Stocks30/36 | €776k | €1.39M | €1.92M | €1.84M | €2.92M | ▲ 58.6% |
| Amounts receivable within one year40/41 | €157k | €145k | €51k | €466k | €354k | ▼ 24.1% |
| Trade receivables40 | €150k | €124k | €34k | €368k | €154k | ▼ 58.2% |
| Other amounts receivable41 | €7k | €21k | €17k | €98k | €200k | ▲ 104% |
| Current investments50/53 | - | - | - | €1.00M | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €1.19M | €765k | €1.11M | €413k | €1.19M | ▲ 187% |
| Deferred charges and accrued income490/1 | €106k | €60k | €10k | €2k | €2k | ▼ 16.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.31M | €3.36M | €4.10M | €4.75M | €5.51M | ▲ 16.0% |
| Equity10/15 | €1.47M | €2.53M | €3.44M | €4.26M | €5.04M | ▲ 18.4% |
| Contributions10/11 | €30k | €30k | €30k | €30k | €30k | = |
| Reserves13 | €1.44M | €2.50M | €3.41M | €4.23M | €5.01M | ▲ 18.5% |
| Distributable reserves133 | €1.44M | €2.50M | €3.41M | €4.23M | €5.01M | ▲ 18.5% |
| Amounts payable17/49 | €841k | €832k | €660k | €492k | €469k | ▼ 4.5% |
| Amounts payable after more than one year17 | €63k | €74k | €34k | €16k | €7k | ▼ 59.3% |
| Financial debts170/4 | €63k | €74k | €34k | €16k | €7k | ▼ 59.3% |
| Amounts payable within one year42/48 | €778k | €758k | €626k | €475k | €463k | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | €40k | €58k | €40k | €18k | €10k | ▼ 47.1% |
| Financial debts43 | €871 | €2k | €7k | €6k | €8k | ▲ 26.5% |
| Credit institutions430/8 | €871 | €2k | €7k | €6k | €8k | ▲ 26.5% |
| Trade debts44 | €153k | €170k | €230k | €125k | €186k | ▲ 48.7% |
| Suppliers440/4 | €153k | €170k | €230k | €125k | €186k | ▲ 48.7% |
| Advances received on contracts in progress46 | €245k | €152k | €163k | €231k | €178k | ▼ 22.8% |
| Taxes, remuneration and social security45 | €252k | €273k | €178k | €90k | €81k | ▼ 9.5% |
| Taxes450/3 | €231k | €237k | €131k | €62k | €53k | ▼ 15.7% |
| Remuneration and social security454/9 | €21k | €36k | €47k | €27k | €29k | ▲ 4.6% |
| Other amounts payable47/48 | €87k | €103k | €9k | €6k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €939k | €1.06M | €914k | €818k | €783k | ▼ 4.2% |
| + Depreciation and write-downs630 | €20k | €45k | €64k | €61k | €63k | ▲ 3.1% |
| Operating cash flow (approximation) | €959k | €1.10M | €978k | €879k | €846k | ▼ 3.7% |
| Investment in fixed assets (approximation) | - | €-164k | €-78k | €-81k | €-85k | ▼ 5.1% |
| Change in cash | - | €-426k | €347k | €-699k | €774k | ▲ 211% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €5MEq €5.04M ▲18.4%
6 profitable years in a row build equity to €5.04M.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2020net €1.06M ▲12.9%
Operating result €1.54M, net result €1.06M, both a record.
31-12
Financial
Equity above €2MEq €2.53M ▲72.1%
3 profitable years in a row build equity to €2.53M.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.47M ▲177%
2 profitable years in a row build equity to €1.47M.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Heusden-Zolder · 2 establishment units since 2019
Ground area
4,252 m²
Building footprint
822 m²
Volume, LiDAR
4,956 m³
Parcel 71065A0205/00C015, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
2 establishment units
RAMENHAL
since 20192.289.224.447
Ramenhal
since 20262.388.822.859
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065A0205/00C015 | Flanders | 4,252 m² | 1 · 822 m² | 7.2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 198 EUR awarded · 198 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 198 EUR | 198 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,804 companies in sector 46831 we hold annual accounts for 1,397. 710 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
Founded09-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
46839Wholesale trade
18130Pre-press and pre-media services
43320Joinery installation
46130Agents in the wholesale of timber and building materials
74120Graphic design and visual communication
82990Other business support services
Contact
Website
www.ramenhal.be
E-mail
info@ramenhal.be
Scores and ratios are computed by Checked and are not a credit decision.