RAO INTERNATIONAL
ActiveRAO INTERNATIONAL has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37k and a net result of €4k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 68% of 26048 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▼-1
Solvency79▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.93 in 2023; short-term debt: 46.3% and cash: 44.6% of total assets), and 46.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
53.7%
Return on assets
6.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
33 d early
2022
38 d early
2021
23 d early
2020
50 d early
2019
45 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€37k▲ 7.6%
2023 · €34k
2018: €24k
2019: €32k
2020: €32k
2021: €36k
2022: €36k
2023: €34k
2018 → 2024
Total assets
€69k▲ 1.8%
2023 · €68k
2018: €54k
2019: €56k
2020: €52k
2021: €59k
2022: €59k
2023: €68k
2018 → 2024
Net result
€4k▼ 13.7%
2023 · €5k
2018: €10k
2019: €8k
2020: €6
2021: €5k
2022: €2k
2023: €5k
2018 → 2024
Working capital
€33k▲ 11.8%
2023 · €30k
2018: €15k
2019: €21k
2020: €25k
2021: €31k
2022: €27k
2023: €30k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€32k-€36k▲ 11.8%€36k▼ 0.2%€34k▼ 4.3%€37k▲ 7.6%
Operating result€1k-€8k▲ 506%€4k▼ 51.4%€6k▲ 61.9%€7k▲ 14.7%
Net result€6-€5k▲ 87,967%€2k▼ 71.7%€5k▲ 228%€4k▼ 13.7%
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 15% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €69k
Fixed assets
€4k▼ 36.0%
Current assets
€65k▲ 5.4%
Equity and liabilities €69k
Equity
€37k▲ 7.6%
Debt
€32k▼ 4.2%
The debt ratio falls from 49.2% to 46.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▼
2023 · €9k
Cash flow
€6k▼
2023 · €9k
Solvency
53.7%▲
2023 · 50.8%
Current ratio
2.04▲
2023 · 1.93
Quick ratio
1.21▲
2023 · 0.92
Debt / equity
0.86▼
2023 · 0.97
ROE
11.7%▼
2023 · 14.6%
ROA
6.3%▼
2023 · 7.4%
Interest coverage
25.07▲
2023 · 20.89
Debt
€32k▼
2023 · €33k
Debt ≤ 1 year
€32k▼
2023 · €32k
Income taxes
€2k▲
2023 · €450
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€68k€69k▲
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€4k▼
Plant, machinery and equipment23€979€625▼
Furniture and vehicles24€566€176▼
Other tangible fixed assets26€4k€3k▼
Current assets29/58€62k€65k▲
Stocks and contracts in progress3€32k€27k▼
Stocks30/36€32k€27k▼
Amounts receivable within one year40/41€5k€6k▲
Trade receivables40€4k€6k▲
Other amounts receivable41€666€321▼
Cash at bank and in hand54/58€23k€31k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€68k€69k▲
Equity10/15€34k€37k▲
Contributions10/11€19k€19k=
Reserves13€16k€18k▲
Distributable reserves133€16k€18k▲
Amounts payable17/49€33k€32k▼
Amounts payable within one year42/48€32k€32k▼
Trade debts44€4k€4k▼
Suppliers440/4€4k€4k▼
Taxes, remuneration and social security45€475€2k▲
Taxes450/3€475€2k▲
Other amounts payable47/48€27k€25k▼
Accrued charges and deferred income492/3€1k-
Income statement
Code20232024
Non-recurring operating income76A-€223
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€11k€10k▼
Operating profit (loss)9901€6k€7k▲
Financial income75/76B€14€0▼
Recurring financial income75€14€0▼
Financial charges65/66B€450€355▼
Recurring financial charges65€450€355▼
Profit (loss) for the period before taxes9903€5k€6k▲
Income taxes67/77€450€2k▲
Profit (loss) for the period9904€5k€4k▼
Profit (loss) for the period to be appropriated9905€5k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€4k▼
Transfer from equity791/2€2k€2k▲
Transfer to equity691/2-€4k
To other reserves6921-€4k
Profit to be distributed694/7€7k€2k▼
Return on contributions (dividend)694€2k€2k▲
Directors or managers695€5k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €6 ▼99.9%
Net result drops to €6, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2015
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.
Manchesterlaan 1/32030 AntwerpenGround area
246 m²
Building footprint
228 m²
Volume, LiDAR
3,684 m³
Parcel 11807G1787/00F000, Flanders · tallest building 19.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
RAO INTERNATIONAL
since 20152.245.612.059
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1787/00F000 | Flanders | 246 m² | 1 · 228 m² | 19.8 m · 6 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.245.612.059
Similar companies · same sector, comparable size
RIYAN
BE 0635.941.896
Brussel · Eq €37k
DELICES CENTER
BE 0550.490.638
Anderlecht · Eq €37k
DERIN
BE 1002.507.074
Charleroi · Eq €37k
SARAO
BE 0793.835.825
Aalst · Eq €37k
SPAR EXPRESS MELVEREN
BE 0794.468.206
Geetbets · Eq €37k
Of 10,527 companies in sector 47110 we hold annual accounts for 5,862. 4,538 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-09-2015
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0032492443250