RAO
ActiveSummary
RAO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,907 and a net result of -€981. Equity is shrinking by ~6.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
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Signals
This company filed its last 7 accounts on average 3 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 2,165 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,165 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,453 | €9,453 | €9,453 | €9,453 | €9,453 | = |
| Other operating charges640/8 | - | - | €2,041 | €1,492 | €2,693 | ▲ 80.5% |
| Gross operating margin9900 | €10,532 | €13,927 | €10,700 | €14,094 | €13,588 | ▼ 3.6% |
| Operating profit (loss)9901 | €1,079 | €4,474 | -€794 | €3,150 | €1,442 | ▼ 54.2% |
| Financial charges65/66B | - | €3,419 | €3,080 | €2,753 | €2,423 | ▼ 12.0% |
| Recurring financial charges65 | €3,706 | €3,419 | €3,080 | €2,753 | €2,423 | ▼ 12.0% |
| Profit (loss) for the period before taxes9903 | -€2,627 | €1,055 | -€3,874 | €397 | -€981 | ▼ 347% |
| Profit (loss) for the period9904 | -€2,627 | €1,055 | -€3,874 | €397 | -€981 | ▼ 347% |
| Profit (loss) for the period to be appropriated9905 | -€2,627 | €1,055 | -€3,874 | €397 | -€981 | ▼ 347% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €156,763 | €147,100 | €135,099 | €125,591 | €115,976 | ▼ 7.7% |
| Fixed assets21/28 | €142,422 | €132,969 | €123,516 | €114,064 | €104,611 | ▼ 8.3% |
| Tangible fixed assets22/27 | €142,422 | €132,969 | €123,516 | €114,064 | €104,611 | ▼ 8.3% |
| Land and buildings22 | - | €132,969 | €123,516 | €114,064 | €104,611 | ▼ 8.3% |
| Current assets29/58 | €14,341 | €14,131 | €11,582 | €11,527 | €11,365 | ▼ 1.4% |
| Amounts receivable within one year40/41 | €10,944 | €11,444 | €11,444 | €11,482 | €11,285 | ▼ 1.7% |
| Other amounts receivable41 | - | €11,444 | €11,444 | €11,482 | €11,285 | ▼ 1.7% |
| Cash at bank and in hand54/58 | €797 | €1,336 | €138 | €45 | €80 | ▲ 78.3% |
| Deferred charges and accrued income490/1 | - | €1,350 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €156,763 | €147,100 | €135,099 | €125,591 | €115,976 | ▼ 7.7% |
| Equity10/15 | €19,309 | €20,365 | €16,490 | €16,888 | €15,907 | ▼ 5.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €11,249 | €12,305 | €8,430 | €8,828 | €7,847 | ▼ 11.1% |
| Amounts payable17/49 | €137,454 | €126,735 | €118,608 | €108,703 | €100,069 | ▼ 7.9% |
| Amounts payable after more than one year17 | €92,935 | €83,120 | €72,966 | €62,462 | €51,595 | ▼ 17.4% |
| Financial debts170/4 | - | €83,120 | €72,966 | €62,462 | €51,595 | ▼ 17.4% |
| Amounts payable within one year42/48 | €42,444 | €43,616 | €45,642 | €46,242 | €48,474 | ▲ 4.8% |
| Current portion of amounts payable after more than one year42 | - | €9,815 | €10,154 | €10,504 | €10,867 | ▲ 3.5% |
| Trade debts44 | €765 | €214 | - | - | - | - |
| Suppliers440/4 | - | €214 | - | - | - | - |
| Other amounts payable47/48 | - | €33,586 | €35,488 | €35,737 | €37,607 | ▲ 5.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,627 | €1,055 | -€3,874 | €397 | -€981 | ▼ 347% |
| + Depreciation and write-downs630 | €9,453 | €9,453 | €9,453 | €9,453 | €9,453 | = |
| Operating cash flow (approximation) | €6,826 | €10,508 | €5,579 | €9,850 | €8,472 | ▼ 14.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €539 | -€1,198 | -€93 | €35 | ▲ 138% |
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
04-06
State Gazette act
Resignation: Rao Sajjad Rasheed Khan (manager)Appointment: LUCA PINAZO Lucas (manager)3 facts ▸
- General meeting, 23-09-2024
- Director resignation, Rao Sajjad Rasheed Khan (manager)
- Director appointment, LUCA PINAZO Lucas (manager)
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Not every act has been read: a resignation may be missing here
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63072G1483/00Y000 | Wallonia | 1,167 m² | 1 · 121 m² | 11.2 m · 3 fl. |
| 63072G0197/00L000indicative | Wallonia | 95 m² | 1 · 82 m² | 14.8 m · 5 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| LUCA PINAZO Lucas |
|
| Rao Sajjad Rasheed Khan |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 30 September 2026 · Peppol Directory
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