RARE

Inactive

Public limited companyfounded 2020Langemarkweg(KOM) 20, 7780 Comines-Warneton, BelgiumKBO/BCE: BE 0747.815.758

No longer registered with the KBO since 22-07-2026; last annual accounts for fiscal year 2024.

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Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 76% of 19344 peers (2024). A comfortable equity buffer.

NBB · sector comparison

Position among 19344 sector peers

Solvency

better than 76%

← weakest strongest →

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

NBB · annual accounts 2024

Equity per financial year

21222324

2021 to 2024 · latest year €287k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

35 d early

2023

44 d early

2022

42 d early

2021

41 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€287k▲ 52.3%

2023 · €188k

2021: €192k 2022: €188k 2023: €188k

2021 → 2024

Total assets

€425k▲ 39.5%

2023 · €305k

2021: €331k 2022: €319k 2023: €305k

2021 → 2024

Net result

€98k

2023 · €-291

2021: €-8k 2022: €-3k 2023: €-291

2021 → 2024

Working capital

€98k▲ 2,555%

2023 · €4k

2021: €20k 2022: €8k 2023: €4k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€192k-€188k▼ 1.8%€188k▼ 0.2%€287k▲ 52.3%

Operating result€-7k-€-2k▲ 68.4%€786€124k▲ 15,717%

Net result€-8k-€-3k▲ 58.1%€-291▲ 91.5%€98k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen three years in a row; 2024 is 15,717% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €425k

63.2%

36.8%

Fixed assets €269k▼ 3.8%

Current assets €156k▲ 521%

Equity and liabilities €425k

67.3%

32.7%

Equity €287k▲ 52.3%

Debt €139k▲ 18.9%

The debt ratio falls from 38.3% to 32.7%: equity grows faster than debt.

Key figures and ratios

2024 value · change against 2023

EBITDA

€135k▲

2023 · €11k

Cash flow

€109k▲

2023 · €10k

Solvency

67.3%▲

2023 · 61.7%

Current ratio

2.67▲

2023 · 1.17

Quick ratio

2.67▲

2023 · 1.17

Debt / equity

0.48▼

2023 · 0.62

ROE

34.3%▲

2023 · -0.2%

ROA

23.1%▲

2023 · -0.1%

Interest coverage

142.56▲

2023 · 10.66

Debt

€139k▲

2023 · €117k

Debt ≤ 1 year

€58k▲

2023 · €22k

Debt > 1 year

€80k▼

2023 · €95k

Income taxes

€25k

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€305k€425k▲

Fixed assets21/28€280k€269k▼

Tangible fixed assets22/27€280k€269k▼

Land and buildings22€280k€269k▼

Current assets29/58€25k€156k▲

Amounts receivable within one year40/41-€89k

Trade receivables40-€89k

Cash at bank and in hand54/58€25k€67k▲

Equity and liabilities

Total equity and liabilities10/49€305k€425k▲

Equity10/15€188k€287k▲

Contributions10/11€200k€200k=

Capital10€200k€200k=

Issued capital100€200k€200k=

Reserves13-€87k

Non-distributable reserves130/1-€5k

Legal reserve130-€5k

Distributable reserves133-€82k

Profit (loss) carried forward14€-12k€0▲

Amounts payable17/49€117k€139k▲

Amounts payable after more than one year17€95k€80k▼

Financial debts170/4€95k€80k▼

Amounts payable within one year42/48€22k€58k▲

Current portion of amounts payable after more than one year42€15k€15k▲

Trade debts44€3k€52▼

Suppliers440/4€3k€52▼

Taxes, remuneration and social security45€932€44k▲

Taxes450/3€932€44k▲

Remuneration and social security454/9-€2

Other amounts payable47/48€3k€0▼

Accrued charges and deferred income492/3€57€49▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k=

Other operating charges640/8€384€1k▲

Gross operating margin9900€12k€136k▲

Operating profit (loss)9901€786€124k▲

Financial charges65/66B€1k€947▼

Recurring financial charges65€1k€947▼

Profit (loss) for the period before taxes9903€-291€123k▲

Income taxes67/77-€25k

Profit (loss) for the period9904€-291€98k▲

Profit (loss) for the period to be appropriated9905€-291€98k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-12k€87k▲

Profit (loss) brought forward from the previous period14P€-12k€-12k▼

Transfer to equity691/2-€87k

To the legal reserve6920-€5k

To other reserves6921-€82k

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 3Gazette 2Filings 4

2026

31-07

State Gazette act Restructuring

General meeting · Merger · Dissolution8 facts ▸

General meeting, 30/06/2026
Merger, 30/06/2026
Dissolution, 2026-06-30
Capital increase, €393.048,08
Accounting effect, 01/01/2026
Real estate, Kortrijk - huitième division - heule, Bissegemsestraat 43-47A, section C numéro 1083L P0000. UNIT B.04 (280,67 m²), Parking 25 (18 m²), Parking 26 (18 m²).
Power of attorney, By Watson
Power of attorney, Notaria

21-05

State Gazette act Restructuring

Board meeting · Merger · Capital19 facts ▸

Board meeting, 2026-04-15
Merger, absorption
Capital, €1.070.000
Net-asset statement, 2025-12-31
Capital, €200.000
Net-asset statement, 2025-12-31
Share issue, nominatives, 218
Accounting effect, 2026-01-01
Real estate, Unité B.04 (280,67 m²), parking n° 25 (18 m²), parking n° 26 (18 m²) situés au Bissegemsestraat 43-45-47-47A, 8500 Kortrijk (Heule), section C, parcelles 1083/L…
Statutes amendment
Auditor appointment, POUSEELE CARON BEDRIJFSREVISOREN (réviseur d'entreprises)
Permanent representative, Bruno Pouseele
+7 further facts in this act

2025

26-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €98k

Net result €98k after 3 loss-making years.

31-12

Financial Liquidity doublescurrent ratio 2.67

Current ratio from 1.17 to 2.67.

31-12

Financial Equity above €200kEq €287k ▲52.3%

Equity rises from €188k to €287k.

17-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

19-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

20-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

15-07-2025 Resigned as Director

Location & real-estate footprint

Registered office, Comines-Warneton

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.

Langemarkweg(KOM) 207780 Comines-Warneton

Ground area

1.2 ha

Building footprint

7,281 m²

Volume, LiDAR

61,997 m³