RASCO - MECANICS
ActiveFor RASCO - MECANICS, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €348k and a net result of €-14k. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 70% of 7447 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability66▼-14
Solvency85▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six 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 →
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
59.9%
Return on assets
-2.5%
Age of the figures
27 mo
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
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 229 days later.
NBB · 10 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline17-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 09-02-2025, 9 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 filed
2024
9 d late
2023
10 d late
2022
27 d late
2021
28 d late
2020
57 d late
2019
64 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€348k▼ 4.0%
2023 · €362k
2019: €68k
2020: €180k
2021: €242k
2022: €303k
2023: €362k
2019 → 2024
Total assets
€581k▼ 11.6%
2023 · €657k
2019: €585k
2020: €562k
2021: €584k
2022: €618k
2023: €657k
2019 → 2024
Net result
€-14k
2023 · €59k
2019: €24k
2020: €113k
2021: €62k
2022: €61k
2023: €59k
2019 → 2024
Working capital
€174k▲ 6.5%
2023 · €163k
2019: €9k
2020: €52k
2021: €90k
2022: €135k
2023: €163k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€180k-€242k▲ 34.4%€303k▲ 25.1%€362k▲ 19.5%€348k▼ 4.0%
Operating result€162k-€113k▼ 30.3%€81k▼ 28.7%€96k▲ 19.1%€-13k
Net result€113k-€62k▼ 45.0%€61k▼ 2.0%€59k▼ 2.7%€-14k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €13k after €96k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €581k
Fixed assets
€338k▼ 12.3%
Current assets
€243k▼ 10.5%
Equity and liabilities €581k
Equity
€348k▼ 4.0%
Debt
€233k▼ 20.9%
The debt ratio falls from 44.8% to 40.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€40k▼
2023 · €145k
Cash flow
€38k▼
2023 · €108k
Solvency
59.9%▲
2023 · 55.2%
Current ratio
3.50▲
2023 · 2.50
Quick ratio
3.19▲
2023 · 2.30
Debt / equity
0.67▼
2023 · 0.81
ROE
-4.2%▼
2023 · 16.3%
ROA
-2.5%▼
2023 · 9.0%
Interest coverage
8.76▼
2023 · 32.61
Debt
€233k▼
2023 · €295k
Debt ≤ 1 year
€69k▼
2023 · €108k
Debt > 1 year
€158k▼
2023 · €180k
Income taxes
€-3k▼
2023 · €32k
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€657k€581k▼
Fixed assets21/28€385k€338k▼
Tangible fixed assets22/27€185k€138k▼
Plant, machinery and equipment23€141k€109k▼
Furniture and vehicles24€44k€28k▼
Financial fixed assets28€200k€200k=
Current assets29/58€271k€243k▼
Stocks and contracts in progress3€22k€22k=
Stocks30/36€22k€22k=
Amounts receivable within one year40/41€214k€208k▼
Trade receivables40€145k€107k▼
Other amounts receivable41€69k€101k▲
Cash at bank and in hand54/58€23k€6k▼
Deferred charges and accrued income490/1€12k€6k▼
Equity and liabilities
Total equity and liabilities10/49€657k€581k▼
Equity10/15€362k€348k▼
Contributions10/11€19k€19k=
Reserves13€333k€308k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€331k€306k▼
Profit (loss) carried forward14€11k€21k▲
Amounts payable17/49€295k€233k▼
Amounts payable after more than one year17€180k€158k▼
Financial debts170/4€180k€158k▼
Amounts payable within one year42/48€108k€69k▼
Current portion of amounts payable after more than one year42€46k€32k▼
Trade debts44€54k€33k▼
Suppliers440/4€54k€33k▼
Advances received on contracts in progress46€3k-
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€2k€2k▼
Remuneration and social security454/9€3k€2k▼
Other amounts payable47/48€260-
Accrued charges and deferred income492/3€6k€5k▼
Income statement
Code20232024
Non-recurring operating income76A€5k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€53k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€149k€45k▼
Operating profit (loss)9901€96k€-13k▼
Financial income75/76B€3€15▲
Recurring financial income75€3€15▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€92k€-18k▼
Income taxes67/77€32k€-3k▼
Profit (loss) for the period9904€59k€-14k▼
Profit (loss) for the period to be appropriated9905€59k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€70k€-4k▼
Profit (loss) brought forward from the previous period14P€11k€11k▲
Transfer from equity791/2-€25k
Transfer to equity691/2€59k-
To other reserves6921€59k-
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 9 days late
2024
30-06
Financial
Weakest financial yearnet €-14k ▼124%
Net result drops to €-14k, the lowest in the series.
10-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 10 days late
2023
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 27 days late
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 28 days late
2021
30-06
Financial
Equity above €200kEq €242k ▲34.4%
3 profitable years in a row build equity to €242k.
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 57 days late
2020
30-06
Financial
Highest result since 2019net €113k ▲368%
Operating result €162k, net result €113k, both a record.
30-06
Financial
Equity above €150kEq €180k ▲166%
2 profitable years in a row build equity to €180k.
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
17-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
2015
30-11
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
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.
31-10-2025
Resigned as Director
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2003
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.
Kasteelstraat 59820 Merelbeke-MelleGround area
1,041 m²
Building footprint
128 m²
Volume, LiDAR
551 m³
Parcel 44041A0724/52H003, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kasteelstraat 5, 9820 Merelbeke-Melle
since 20032.123.558.840
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44041A0724/52H003 | Flanders | 1,041 m² | 1 · 128 m² | 8.8 m · 2 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 · 1 entry · 89 EUR awarded · 89 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 89 EUR | 89 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
4 endedSimilar companies · same sector, comparable size
VANWYNENDAEL
BE 0440.632.990
Sint-Pieters-Leeuw · Eq €348k
ENTEG
BE 0477.534.661
Oudenaarde · Eq €348k
R-COTEC
BE 0441.950.905
Beveren-Kruibeke-Zwijndrecht · Eq €347k
BOTT
BE 0455.388.967
Oudenaarde · Eq €347k
LOMBAERTS HEATING TECHNICS
BE 0885.770.247
Denderleeuw · Eq €349k
Of 9,524 companies in sector 43222 we hold annual accounts for 5,657. 4,418 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-12-2002
Fiscal year end30-06
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
25110Manufacture of metal structures and parts of structures
28110
43211General electrical installation work
43990Other specialised construction activities
43999Specialised construction activities
45250
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.