RANGOON
ActiveSummary
RANGOON has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.18M and a net result of €-3k. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37=
Solvency98=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 90.8 against 87.97 in 2024; short-term debt: 1.1% and cash: 0.7% of total assets), and 26.9% 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
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 · 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 · 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
73.1%
Return on assets
-0.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-08-2026, 1 day 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
1 d late
2024
1 d early
2023
49 d late
2022
6 d early
2021
6 d early
2020
2 d early
2019
16 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
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-3k▼ 148%
2024 · €-1k
2018: €139k
2019: €318k▲ +129% vs 2018
2020: €62k▼ -80.4% vs 2019
2021: €-314k▼ -604% vs 2020lowest in 8 years
2022: €2.09M▲ +765% vs 2021highest in 8 years
2023: €-3k▼ -100% vs 2022
2024: €-1k▲ +62.8% vs 2023
2025: €-3k▼ -148% vs 2024
2018 → 2025
Working capital
€2.95M▼ 0.1%
2024 · €2.96M
2018: €88k
2019: €74k▼ -16.5% vs 2018
2020: €123k▲ +66.0% vs 2019
2021: €-231k▼ -289% vs 2020lowest in 8 years
2022: €2.96M▲ +1381% vs 2021highest in 8 years
2023: €2.96M▼ -0.2% vs 2022
2024: €2.96M● -0.0% vs 2023
2025: €2.95M▼ -0.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€105k-€2.19M▲ 1,991%€2.19M▼ 0.1%€2.19M▼ 0.1%€2.18M▼ 0.1%
2021: €105klowest in 5 years
2022: €2.19M▲ +1991% vs 2021highest in 5 years
2023: €2.19M▼ -0.1% vs 2022
2024: €2.19M▼ -0.1% vs 2023
2025: €2.18M▼ -0.1% vs 2024
Operating result€-277k-€2.90M€-2k€-205▲ 89.0%€-2k▼ 924%
2021: €-277klowest in 5 years
2022: €2.90M▲ +1145% vs 2021highest in 5 years
2023: €-2k▼ -100% vs 2022
2024: €-205▲ +89.0% vs 2023
2025: €-2k▼ -924% vs 2024
Net result€-314k-€2.09M€-3k€-1k▲ 62.8%€-3k▼ 148%
2021: €-314klowest in 5 years
2022: €2.09M▲ +765% vs 2021highest in 5 years
2023: €-3k▼ -100% vs 2022
2024: €-1k▲ +62.8% vs 2023
2025: €-3k▼ -148% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €205 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €2.99M
Equity
€2.18M ▼ 0.1%
Provisions
€770k =
Debt
€33k ▼ 3.2%
Debt's share of the balance-sheet total stays at 1.1%.
Key figures and ratios
Current ratio
90.80▲
2024 · 87.97
Debt to equity
0.02▼
2024 · 0.02
ROE
-0.1%▼
2024 · -0.1%
ROA
-0.1%▼
2024 · 0.0%
Debt ≤ 1 year
€33k▼
2024 · €34k
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 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.99M€2.99M▼
Current assets29/58€2.99M€2.99M▼
Amounts receivable within one year40/41€2.97M€2.97M=
Trade receivables40€13k€13k=
Other amounts receivable41€2.95M€2.95M=
Cash at bank and in hand54/58€25k€22k▼
Equity and liabilities
Total equity and liabilities10/49€2.99M€2.99M▼
Equity10/15€2.19M€2.18M▼
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€2.71M€2.71M=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€2.31M€2.31M=
Distributable reserves133€398k€398k=
Profit (loss) carried forward14€-542k€-545k▼
Provisions and deferred taxes16€770k€770k=
Deferred taxes168€770k€770k=
Amounts payable17/49€34k€33k▼
Amounts payable within one year42/48€34k€33k▼
Other amounts payable47/48€34k€33k▼
Income statement
Code20242025
Other operating charges640/8-€2k
Gross operating margin9900€-205€-105▲
Operating profit (loss)9901€-205€-2k▼
Financial charges65/66B€916€680▼
Recurring financial charges65€916€680▼
Profit (loss) for the period before taxes9903€-1k€-3k▼
Profit (loss) for the period9904€-1k€-3k▼
Profit (loss) for the period to be appropriated9905€-1k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-542k€-545k▼
Profit (loss) brought forward from the previous period14P€-541k€-542k▼
The notes to these accounts (1 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3.08M | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €146k | €0 | - | - | - | - |
| Other operating charges640/8 | €51k | €55k | €3 | - | €2k | - |
| Gross operating margin9900 | €-80k | €2.95M | €-2k | €-205 | €-105 | ▲ 48.8% |
| Operating profit (loss)9901 | €-277k | €2.90M | €-2k | €-205 | €-2k | ▼ 924% |
| Financial income75/76B | €150 | €30 | - | - | - | - |
| Recurring financial income75 | €150 | €30 | - | - | - | - |
| Financial charges65/66B | €37k | €39k | €1k | €916 | €680 | ▼ 25.8% |
| Recurring financial charges65 | €37k | €39k | €1k | €916 | €680 | ▼ 25.8% |
| Profit (loss) for the period before taxes9903 | €-314k | €2.86M | €-3k | €-1k | €-3k | ▼ 148% |
| Transfer to deferred taxes680 | - | €770k | - | - | - | - |
| Profit (loss) for the period9904 | €-314k | €2.09M | €-3k | €-1k | €-3k | ▼ 148% |
| Transfer to tax-exempt reserves689 | - | €2.31M | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-314k | €-224k | €-3k | €-1k | €-3k | ▼ 148% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €859k | €3.03M | €2.99M | €2.99M | €2.99M | ▼ 0.1% |
| Fixed assets21/28 | €794k | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €794k | €0 | - | - | - | - |
| Land and buildings22 | €792k | €0 | - | - | - | - |
| Plant, machinery and equipment23 | €3k | €0 | - | - | - | - |
| Current assets29/58 | €64k | €3.03M | €2.99M | €2.99M | €2.99M | ▼ 0.1% |
| Amounts receivable within one year40/41 | €17k | €3.00M | €2.95M | €2.97M | €2.97M | = |
| Trade receivables40 | €2k | €33k | - | €13k | €13k | = |
| Other amounts receivable41 | €15k | €2.97M | €2.95M | €2.95M | €2.95M | = |
| Cash at bank and in hand54/58 | €31k | €32k | €40k | €25k | €22k | ▼ 14.0% |
| Deferred charges and accrued income490/1 | €16k | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €859k | €3.03M | €2.99M | €2.99M | €2.99M | ▼ 0.1% |
| Equity10/15 | €105k | €2.19M | €2.19M | €2.19M | €2.18M | ▼ 0.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | - | €19k | €19k | - | - |
| Other1109/19 | - | - | €19k | €19k | - | - |
| Reserves13 | €400k | €2.71M | €2.71M | €2.71M | €2.71M | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €2.31M | €2.31M | €2.31M | €2.31M | = |
| Distributable reserves133 | €398k | €398k | €398k | €398k | €398k | = |
| Profit (loss) carried forward14 | €-314k | €-538k | €-541k | €-542k | €-545k | ▼ 0.5% |
| Provisions and deferred taxes16 | - | €770k | €770k | €770k | €770k | = |
| Deferred taxes168 | - | €770k | €770k | €770k | €770k | = |
| Amounts payable17/49 | €754k | €74k | €35k | €34k | €33k | ▼ 3.2% |
| Amounts payable after more than one year17 | €458k | €3k | - | - | - | - |
| Financial debts170/4 | €456k | €0 | - | - | - | - |
| Other amounts payable178/9 | €3k | €3k | - | - | - | - |
| Amounts payable within one year42/48 | €296k | €71k | €35k | €34k | €33k | ▼ 3.2% |
| Current portion of amounts payable after more than one year42 | €205k | €0 | - | - | - | - |
| Trade debts44 | €4k | €37k | €960 | - | - | - |
| Suppliers440/4 | €4k | €37k | €960 | - | - | - |
| Other amounts payable47/48 | €87k | €34k | €34k | €34k | €33k | ▼ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-314k | €2.09M | €-3k | €-1k | €-3k | ▼ 148% |
| + Depreciation and write-downs630 | €146k | €0 | - | - | - | - |
| Operating cash flow (approximation) | €-168k | €2.09M | €-3k | €-1k | €-3k | ▼ 148% |
| Investment in fixed assets (approximation) | - | €794k | - | - | - | - |
| Change in cash | - | €805 | €8k | €-15k | €-4k | ▲ 76.4% |
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
01-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 1 day late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 49 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 85.61
Current ratio from 42.67 to 85.61; short-term debt falls from €71k to €35k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €2.09M
Net result €2.09M after one loss-making year.
31-12
Financial
Liquidity times 196current ratio 42.67
Current ratio from 0.22 to 42.67; short-term debt falls from €296k to €71k.
31-12
Financial
Equity above €2MEq €2.19M ▲1,991%
Equity rises from €105k to €2.19M.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-314k
Net result drops to €-314k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 1 establishment unit since 2008
Ground area
291 m²
Building footprint
296 m²
Volume, LiDAR
6,289 m³
Parcel 21808H1932/02R000, Brussels · tallest building 24.5 m, ±8 floors. Linked by address, not a title deed.
21
companies at this address
See who is registered here
1 establishment unit
Rangoon
since 20082.171.480.008
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1932/02R000 | Brussels | 291 m² | 1 · 296 m² | 24.5 m · 8 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300PDWUWDK2OFIX61
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,539 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 (pre-2019)
Founded04-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.