RAMO
ActiveSummary
RAMO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €934k and a net result of €-8k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 49% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▲+31
Solvency61▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 2.66 in 2024; short-term debt: 36% and cash: 4.2% of total assets), and 63.9% of the assets are financed with debt.
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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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
36.1%
Return on assets
-0.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-8k
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 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
41 d early
2023
44 d early
2022
56 d early
2021
47 d early
2020
44 d early
2019
38 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#8 oldest company in Ravels, Construction sector
Equity
€934k▼ 0.8%
2024 · €942k
Total assets
€2.58M▲ 12.8%
2024 · €2.29M
Net result
€-8k▲ 85.2%
2024 · €-54k
Working capital
€457k▼ 61.1%
2024 · €1.17M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9k€28k▲ 216%€39k▲ 42.2%€-36k€14k
Net result€-2k▲ 95.8%€6k€28k▲ 404%€-54k€-8k▲ 85.2%
Equity€962k▼ 0.2%€967k▲ 0.6%€995k▲ 2.9%€942k▼ 5.4%€934k▼ 0.8%
Total assets€2.06M▲ 15.9%€1.63M▼ 20.9%€1.64M▲ 0.4%€2.29M▲ 39.8%€2.58M▲ 12.8%
Debt€1.10M▲ 35.0%€665k▼ 39.6%€643k▼ 3.3%€1.35M▲ 110%€1.65M▲ 22.3%
Working capital€1.30M▲ 13.8%€1.31M▲ 1.3%€1.61M▲ 22.2%€1.17M▼ 26.9%€457k▼ 61.1%
Staff (FTE)1=1=1=1=1=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €14k after a loss of €36k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.58M
Fixed assets
€1.20M ▲ 190%
Current assets
€1.39M ▼ 26.1%
Equity and liabilities €2.58M
Equity
€934k ▼ 0.8%
Debt
€1.65M ▲ 22.3%
Debt's share of the balance-sheet total rises from 58.9% to 63.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€74k▲
2024 · €-15k
Cash flow
€52k▲
2024 · €-32k
Current ratio
1.49▼
2024 · 2.66
Quick ratio
0.13▲
2024 · 0.11
Debt to equity
1.77▲
2024 · 1.43
ROE
-0.9%▲
2024 · -5.7%
ROA
-0.3%▲
2024 · -2.3%
Interest coverage
3.43▲
2024 · -0.76
Debt ≤ 1 year
€931k▲
2024 · €705k
Debt > 1 year
€713k▲
2024 · €643k
Income taxes
€953▲
2024 · €825
Staff costs
€58k▲
2024 · €57k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6k | €8k | €3k | - | - |
| Remuneration, social security and pensions62 | €49k | €44k | €54k | €57k | €58k | ▲ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €2k | €2k | €21k | €60k | ▲ 182% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €25k | €-25k | - | - | - |
| Other operating charges640/8 | €10k | €47k | €34k | €14k | €9k | ▼ 33.2% |
| Gross operating margin9900 | €81k | €146k | €105k | €55k | €142k | ▲ 157% |
| Operating profit (loss)9901 | €9k | €28k | €39k | €-36k | €14k | ▲ 140% |
| Financial income75/76B | €2k | - | €12k | €3k | €366 | ▼ 89.1% |
| Recurring financial income75 | €2k | - | €12k | €3k | €366 | ▼ 89.1% |
| Financial charges65/66B | €12k | €21k | €22k | €20k | €22k | ▲ 10.0% |
| Recurring financial charges65 | €12k | €21k | €22k | €20k | €22k | ▲ 10.0% |
| Profit (loss) for the period before taxes9903 | €-1k | €6k | €29k | €-53k | €-7k | ▲ 86.7% |
| Income taxes67/77 | €974 | €828 | €754 | €825 | €953 | ▲ 15.6% |
| Profit (loss) for the period9904 | €-2k | €6k | €28k | €-54k | €-8k | ▲ 85.2% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €6k | €28k | €-54k | €-8k | ▲ 85.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.06M | €1.63M | €1.64M | €2.29M | €2.58M | ▲ 12.8% |
| Fixed assets21/28 | €18k | €18k | €15k | €412k | €1.20M | ▲ 190% |
| Tangible fixed assets22/27 | €18k | €18k | €15k | €412k | €1.20M | ▲ 190% |
| Land and buildings22 | - | - | - | €361k | €1.17M | ▲ 223% |
| Plant, machinery and equipment23 | €18k | €16k | €14k | €12k | €547 | ▼ 95.6% |
| Furniture and vehicles24 | - | €1k | €992 | €39k | €30k | ▼ 22.1% |
| Current assets29/58 | €2.05M | €1.61M | €1.62M | €1.88M | €1.39M | ▼ 26.1% |
| Stocks and contracts in progress3 | €1.49M | €1.26M | €1.53M | €1.80M | €1.27M | ▼ 29.6% |
| Stocks30/36 | €1.49M | €1.26M | €1.53M | €1.80M | €1.27M | ▼ 29.6% |
| Amounts receivable within one year40/41 | €32k | - | €27k | €22k | €8k | ▼ 62.8% |
| Trade receivables40 | €25k | - | €13k | €10k | - | - |
| Other amounts receivable41 | €7k | - | €15k | €11k | €8k | ▼ 28.9% |
| Current investments50/53 | €260k | €260k | - | - | - | - |
| Cash at bank and in hand54/58 | €265k | €85k | €59k | €51k | €108k | ▲ 112% |
| Deferred charges and accrued income490/1 | €607 | €6k | €4k | €3k | €3k | ▼ 14.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.06M | €1.63M | €1.64M | €2.29M | €2.58M | ▲ 12.8% |
| Equity10/15 | €962k | €967k | €995k | €942k | €934k | ▼ 0.8% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €942k | €947k | €975k | €922k | €914k | ▼ 0.9% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €56k | €56k | €56k | €56k | €56k | = |
| Distributable reserves133 | €884k | €889k | €919k | €866k | €858k | ▼ 0.9% |
| Amounts payable17/49 | €1.10M | €665k | €643k | €1.35M | €1.65M | ▲ 22.3% |
| Amounts payable after more than one year17 | €352k | €363k | €624k | €643k | €713k | ▲ 11.0% |
| Financial debts170/4 | €352k | €363k | €624k | €643k | €713k | ▲ 11.0% |
| Amounts payable within one year42/48 | €748k | €301k | €18k | €705k | €931k | ▲ 32.0% |
| Financial debts43 | €684k | €215k | - | - | - | - |
| Credit institutions430/8 | €684k | €215k | - | - | - | - |
| Trade debts44 | €50k | €26k | €6k | €26k | €6k | ▼ 77.0% |
| Suppliers440/4 | €50k | €26k | €6k | €26k | €6k | ▼ 77.0% |
| Taxes, remuneration and social security45 | €9k | €58k | €11k | €8k | €8k | ▲ 2.4% |
| Taxes450/3 | €4k | €51k | €5k | €2k | €2k | ▼ 2.6% |
| Remuneration and social security454/9 | €6k | €7k | €6k | €6k | €7k | ▲ 3.6% |
| Other amounts payable47/48 | €5k | €2k | €1k | €671k | €917k | ▲ 36.6% |
| Accrued charges and deferred income492/3 | €2k | €2k | €1k | €1k | €5k | ▲ 259% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €6k | €28k | €-54k | €-8k | ▲ 85.2% |
| + Depreciation and write-downs630 | €14k | €2k | €2k | €21k | €60k | ▲ 182% |
| Operating cash flow (approximation) | €12k | €8k | €30k | €-32k | €52k | ▲ 261% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €-418k | €-844k | ▼ 102% |
| Change in cash | - | €-180k | €-26k | €-8k | €57k | ▲ 779% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-54k
Net result drops to €-54k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €28k ▲404%
Operating result €39k, net result €28k, both a record.
31-12
Financial
Liquidity times 17current ratio 91.22
Current ratio from 5.37 to 91.22; short-term debt falls from €301k to €18k.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after 3 loss-making years.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Ravels · 1 establishment unit since 1987
Ground area
858 m²
Building footprint
160 m²
Volume, LiDAR
1,191 m³
Parcel 13048A0324/00G000, Flanders · tallest building 13.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
RAMO
since 19872.031.691.526
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13048A0324/00G000 | Flanders | 858 m² | 1 · 160 m² | 13.6 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.
Similar companies · same sector, comparable size
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TROUBLEYN
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BE 0633.853.527
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W-BUILD
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 6,689 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
Founded10-11-1987
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
70100Activities of head offices
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.