RANGAN
ActiveSummary
RANGAN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €203k and a net result of €32k. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 81% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
87
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84▲+4
Solvency100▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 4.23 against 4.05 in 2023; short-term debt: 18.7% and cash: 56.7% of total assets), and 24.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 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
not confirmed
2024
12 d late
2023
84 d late
2022
11 d late
2021
4 d late
2020
31 d late
2019
123 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€203k▲ 18.6%
2023 · €171k
2018: €46k
2019: €37k
2020: €96k
2021: €128k
2022: €148k
2023: €171k
2018 → 2024
Total assets
€268k▲ 9.5%
2023 · €245k
2018: €279k
2019: €254k
2020: €156k
2021: €225k
2022: €244k
2023: €245k
2018 → 2024
Net result
€32k▲ 39.0%
2023 · €23k
2018: €14k
2019: €-9k
2020: €60k
2021: €34k
2022: €21k
2023: €23k
2018 → 2024
Working capital
€162k▲ 16.7%
2023 · €138k
2018: €31k
2019: €25k
2020: €84k
2021: €107k
2022: €117k
2023: €138k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€96k-€128k▲ 34.0%€148k▲ 15.3%€171k▲ 15.4%€203k▲ 18.6%
Operating result€95k-€53k▼ 43.9%€32k▼ 38.9%€39k▲ 20.4%€48k▲ 23.6%
Net result€60k-€34k▼ 43.2%€21k▼ 37.9%€23k▲ 7.5%€32k▲ 39.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 24% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €268k
Fixed assets
€57k ▼ 7.2%
Current assets
€212k ▲ 15.1%
Equity and liabilities €268k
Equity
€203k ▲ 18.6%
Debt
€66k ▼ 11.4%
Debt's share of the balance-sheet total falls from 30.2% to 24.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72k▲
2023 · €61k
Cash flow
€55k▲
2023 · €45k
Current ratio
4.23▲
2023 · 4.05
Quick ratio
4.19▲
2023 · 4.00
Debt to equity
0.32▼
2023 · 0.43
ROE
15.7%▲
2023 · 13.4%
ROA
11.8%▲
2023 · 9.3%
Interest coverage
23.01▲
2023 · 17.36
Debt ≤ 1 year
€50k▲
2023 · €45k
Debt > 1 year
€15k▼
2023 · €27k
Income taxes
€14k▲
2023 · €13k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€245k€268k▲
Fixed assets21/28€61k€57k▼
Tangible fixed assets22/27€60k€56k▼
Plant, machinery and equipment23€39k€43k▲
Furniture and vehicles24€21k€12k▼
Financial fixed assets28€975€975=
Current assets29/58€184k€212k▲
Stocks and contracts in progress3€3k€2k▼
Stocks30/36€3k€2k▼
Amounts receivable within one year40/41€66k€55k▼
Trade receivables40€37k€26k▼
Other amounts receivable41€29k€29k▲
Cash at bank and in hand54/58€109k€152k▲
Deferred charges and accrued income490/1€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€245k€268k▲
Equity10/15€171k€203k▲
Contributions10/11€19k€19k=
Reserves13€161k€193k▲
Distributable reserves133€161k€193k▲
Profit (loss) carried forward14€-9k€-9k=
Amounts payable17/49€74k€66k▼
Amounts payable after more than one year17€27k€15k▼
Financial debts170/4€27k€15k▼
Amounts payable within one year42/48€45k€50k▲
Current portion of amounts payable after more than one year42€12k€13k▲
Financial debts43€10k€10k=
Credit institutions430/8€10k€10k=
Trade debts44€16k€17k▲
Suppliers440/4€16k€17k▲
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€5k€6k▲
Remuneration and social security454/9€3k€4k▲
Accrued charges and deferred income492/3€1k€613▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€23k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€63k€75k▲
Operating profit (loss)9901€39k€48k▲
Financial income75/76B€43€128▲
Recurring financial income75€43€128▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€36k€45k▲
Income taxes67/77€13k€14k▲
Profit (loss) for the period9904€23k€32k▲
Profit (loss) for the period to be appropriated9905€23k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€23k▲
Profit (loss) brought forward from the previous period14P€-9k€-9k=
Transfer to equity691/2€23k€32k▲
To other reserves6921€23k€32k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Equity above €200kEq €203k ▲18.6%
5 profitable years in a row build equity to €203k.
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
2023
31-12
Financial
Equity above €150kEq €171k ▲15.4%
4 profitable years in a row build equity to €171k.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Equity above €100kEq €128k ▲34%
2 profitable years in a row build equity to €128k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €60k
Net result €60k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.48
Current ratio from 1.12 to 2.48; short-term debt falls from €210k to €57k.
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 123 days late
2019
31-12
Financial
Weakest financial yearnet €-9k ▼165%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
Show earlier events
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Aalst · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Geraardsbergsesteenweg 319320 AalstGround area
82 m²
Building footprint
82 m²
Volume, LiDAR
637 m³
Parcel 41342B1469/00L003, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BVBA Rangan
since 20062.157.513.194
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B1469/00L003 | Flanders | 82 m² | 1 · 82 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2022 to 2024 · 2 entries · 818 EUR awarded · 967 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 149 EUR |
| 2022 | 1 | 818 EUR | 818 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,841 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
26700Manufacture of computer, electronic and optical products
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.