RASEC BL
ActiveSummary
RASEC BL has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €522,475 and a net result of -€144,322. Equity is growing by ~27.9% per year across the filed fiscal years. Its solvency ranks better than 74% of 5071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-83
Solvency93▲+2
Growth51▼-17
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 3.44 against 3.43 in 2024; short-term debt: 27.7% and cash: 15.7% of total assets), and 32.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-05-2026, 81 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
81 d early
2024
43 d early
2023
63 d early
2022
87 d early
2021
61 d early
2020
22 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 55 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 30 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€2.3m▲ 23.8%
2023 · €1.9m
EBIT margin
10.6%▲ 3.8pp
2023 · 6.8%
Net result
-€144,322
2024 · €174,753
Working capital
€522,487▼ 21.8%
2024 · €668,155
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
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.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.8m▲ 20.3%€1.7m▼ 4.2%€1.9m▲ 7.5%€2.3m▲ 23.8%
Operating result€352,784€267,223▼ 24.3%€126,601▼ 52.6%€244,670▲ 93.3%-€138,794
Net result€321,808within the sector's middle half€201,070▼ 37.5%€90,620▼ 54.9%€174,753▲ 92.8%-€144,322below the sector's middle half
EBIT margin19.5%▲ 37.3pp15.4%▼ 4.1pp6.8%▼ 8.6pp10.6%▲ 3.8pp
Equity€200,353below the sector's middle half€401,424▲ 100%€492,044▲ 22.6%€666,797▲ 35.5%€522,475within the sector's middle half▼ 21.6%
Total assets€886,156within the sector's middle half▲ 56.1%€810,752▼ 8.5%€961,323▲ 18.6%€1.0m▲ 4.4%€773,012below the sector's middle half▼ 22.9%
Debt€685,802▼ 0.5%€409,328▼ 40.3%€445,652▲ 8.9%€312,745▼ 29.8%€231,436▼ 26.0%
Working capital€214,254within the sector's middle half€366,125▲ 70.9%€495,479▲ 35.3%€668,155▲ 34.9%€522,487within the sector's middle half▼ 21.8%
Solvency22.6%within the sector's middle half▲ 44.0pp49.5%▲ 26.9pp51.2%▲ 1.7pp66.5%▲ 15.3pp67.6%within the sector's middle half▲ 1.1pp
Current ratio1.32within the sector's middle half▲ 0.541.97▲ 0.642.18▲ 0.213.43▲ 1.253.44above the sector's middle half▲ 0.01
Return on assets (ROA)36.3%above the sector's middle half▲ 84.5pp24.8%▼ 11.5pp9.4%▼ 15.4pp17.4%▲ 8.0pp-18.7%below the sector's middle half▼ 36.1pp
Staff (FTE)5.9within the sector's middle half▼ 25.3%5▼ 15.3%4▼ 20.0%5.2▲ 30.0%5.2within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €138,794 after €244,670 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €773,012
Fixed assets
€36,267 ▼ 39.4%
Current assets
€736,745 ▼ 21.9%
Equity and liabilities €773,012
Equity
€522,475 ▼ 21.6%
Provisions
€19,101 ▼ 19.2%
Debt
€231,436 ▼ 26.0%
Debt's share of the balance-sheet total falls from 31.2% to 29.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€112,768▼
2024 · €280,065
Cash flow
-€118,297▼
2024 · €210,149
Quick ratio
3.21▲
2024 · 3.19
Debt to equity
0.44▼
2024 · 0.47
ROE
-27.6%▼
2024 · 26.2%
Interest coverage
-22.13▼
2024 · 356.77
Debt ≤ 1 year
€214,258▼
2024 · €275,205
Debt > 1 year
€17,178▼
2024 · €30,103
Income taxes
€439▼
2024 · €65,360
Staff costs
€368,884▼
2024 · €407,330
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 5,834 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €2.2m | €1.8m | €1.9m | €2.3m | - | - |
| Turnover70 | €1.8m | €1.7m | €1.9m | €2.3m | - | - |
| Other operating income74 | €8,802 | €18,008 | €16,667 | €14,961 | - | - |
| Non-recurring operating income76A | €339,869 | €17,968 | €3,479 | - | €10,459 | - |
| Operating charges60/66A | €1.8m | €1.5m | €1.8m | €2.1m | - | - |
| Goods for resale, raw materials and consumables60 | €915,561 | €844,046 | €924,291 | €1.1m | - | - |
| Purchases600/8 | €915,067 | €805,608 | €949,756 | €1.1m | - | - |
| Change in stocks: decrease (increase)609 | €494 | €38,438 | -€25,465 | €17,414 | - | - |
| Services and other goods61 | €455,512 | €324,393 | €330,596 | €482,799 | - | - |
| Remuneration, social security and pensions62 | €415,650 | €304,034 | €385,948 | €407,330 | €368,884 | ▼ 9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,808 | €6,619 | €22,965 | €35,395 | €26,025 | ▼ 26.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €8,147 | €11,896 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €23,627 | - | -€4,527 | - |
| Other operating charges640/8 | €7,938 | €12,223 | €14,107 | €13,066 | €11,873 | ▼ 9.1% |
| Non-recurring operating charges66A | - | - | €57,395 | €8,760 | - | - |
| Gross operating margin9900 | - | - | - | - | €263,462 | - |
| Operating profit (loss)9901 | €352,784 | €267,223 | €126,601 | €244,670 | -€138,794 | ▼ 157% |
| Financial income75/76B | €744 | €8,407 | - | - | €6 | - |
| Recurring financial income75 | €744 | €8,407 | - | - | €6 | - |
| Other financial income752/9 | €744 | €8,407 | - | - | - | - |
| Financial charges65/66B | €10,187 | €3,543 | €1,396 | €4,557 | €5,096 | ▲ 11.8% |
| Recurring financial charges65 | €8,851 | €3,543 | €1,396 | €4,557 | €5,096 | ▲ 11.8% |
| Debt charges650 | - | €1,558 | €944 | €785 | - | - |
| Other financial charges652/9 | €8,851 | €1,985 | €453 | €3,772 | - | - |
| Non-recurring financial charges66B | €1,337 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €343,341 | €272,087 | €125,204 | €240,113 | -€143,883 | ▼ 160% |
| Income taxes67/77 | €21,533 | €71,017 | €34,584 | €65,360 | €439 | ▼ 99.3% |
| Taxes670/3 | €21,600 | €90,056 | €70,000 | €100,000 | - | - |
| Tax adjustments and reversals of tax provisions77 | €67 | €19,039 | €35,416 | €34,640 | - | - |
| Profit (loss) for the period9904 | €321,808 | €201,070 | €90,620 | €174,753 | -€144,322 | ▼ 183% |
| Profit (loss) for the period to be appropriated9905 | €321,808 | €201,070 | €90,620 | €174,753 | -€144,322 | ▼ 183% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €886,156 | €810,752 | €961,323 | €1.0m | €773,012 | ▼ 22.9% |
| Fixed assets21/28 | €11,976 | €66,265 | €44,626 | €59,810 | €36,267 | ▼ 39.4% |
| Tangible fixed assets22/27 | €4,214 | €58,503 | €36,865 | €52,049 | €28,506 | ▼ 45.2% |
| Furniture and vehicles24 | €4,214 | €57,330 | €36,120 | €13,515 | €7,146 | ▼ 47.1% |
| Leasing and similar rights25 | - | - | - | €38,218 | €21,359 | ▼ 44.1% |
| Other tangible fixed assets26 | - | €1,173 | €744 | €316 | - | - |
| Financial fixed assets28 | €7,762 | €7,762 | €7,762 | €7,762 | €7,762 | = |
| Other financial fixed assets284/8 | €7,762 | €7,762 | €7,762 | €7,762 | - | - |
| Amounts receivable and cash guarantees285/8 | €7,762 | €7,762 | €7,762 | €7,762 | - | - |
| Current assets29/58 | €874,180 | €744,487 | €916,697 | €943,360 | €736,745 | ▼ 21.9% |
| Stocks and contracts in progress3 | €152,655 | €114,217 | €82,287 | €64,873 | €48,324 | ▼ 25.5% |
| Stocks30/36 | €152,655 | €114,217 | €82,287 | €64,873 | €48,324 | ▼ 25.5% |
| Goods purchased for resale34 | €152,655 | €114,217 | €82,287 | €64,873 | - | - |
| Amounts receivable within one year40/41 | €597,297 | €375,972 | €454,918 | €429,506 | €557,005 | ▲ 29.7% |
| Trade receivables40 | €597,297 | €356,933 | €419,502 | €394,866 | €497,576 | ▲ 26.0% |
| Other amounts receivable41 | - | €19,039 | €35,416 | €34,640 | €59,429 | ▲ 71.6% |
| Cash at bank and in hand54/58 | €112,676 | €241,236 | €369,622 | €437,656 | €120,981 | ▼ 72.4% |
| Deferred charges and accrued income490/1 | €11,552 | €13,063 | €9,870 | €11,324 | €10,435 | ▼ 7.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €886,156 | €810,752 | €961,323 | €1.0m | €773,012 | ▼ 22.9% |
| Equity10/15 | €200,353 | €401,424 | €492,044 | €666,797 | €522,475 | ▼ 21.6% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €12,980 | €12,980 | €12,980 | €12,980 | €12,980 | = |
| Non-distributable reserves130/1 | €12,980 | €12,980 | €12,980 | €12,980 | €12,980 | = |
| Reserves not available under the articles1311 | €12,980 | €12,980 | €12,980 | €12,980 | €12,980 | = |
| Profit (loss) carried forward14 | €87,373 | €288,444 | €379,064 | €553,817 | €409,495 | ▼ 26.1% |
| Provisions and deferred taxes16 | - | - | €23,627 | €23,627 | €19,101 | ▼ 19.2% |
| Provisions for liabilities and charges160/5 | - | - | €23,627 | €23,627 | €19,101 | ▼ 19.2% |
| Other liabilities and charges164/5 | - | - | €23,627 | €23,627 | €19,101 | ▼ 19.2% |
| Amounts payable17/49 | €685,802 | €409,328 | €445,652 | €312,745 | €231,436 | ▼ 26.0% |
| Amounts payable after more than one year17 | - | €30,966 | €24,434 | €30,103 | €17,178 | ▼ 42.9% |
| Financial debts170/4 | - | €30,966 | €24,434 | €30,103 | €17,178 | ▼ 42.9% |
| Leasing and similar obligations172 | - | €30,966 | €24,434 | €30,103 | - | - |
| Amounts payable within one year42/48 | €659,926 | €378,362 | €421,218 | €275,205 | €214,258 | ▼ 22.1% |
| Current portion of amounts payable after more than one year42 | - | €6,374 | €6,533 | €35,982 | €11,885 | ▼ 67.0% |
| Trade debts44 | €469,612 | €261,834 | €319,630 | €187,032 | €157,537 | ▼ 15.8% |
| Suppliers440/4 | €469,612 | €261,834 | €319,630 | €187,032 | €157,537 | ▼ 15.8% |
| Advances received on contracts in progress46 | - | €26,096 | €8,643 | - | - | - |
| Taxes, remuneration and social security45 | €89,021 | €82,891 | €85,256 | €52,190 | €44,836 | ▼ 14.1% |
| Taxes450/3 | €45,125 | €50,130 | €30,398 | €9,617 | €19,791 | ▲ 106% |
| Remuneration and social security454/9 | €43,895 | €32,761 | €54,858 | €42,574 | €25,045 | ▼ 41.2% |
| Other amounts payable47/48 | €101,293 | €1,167 | €1,157 | - | - | - |
| Accrued charges and deferred income492/3 | €25,877 | - | - | €7,438 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €321,808 | €201,070 | €90,620 | €174,753 | -€144,322 | ▼ 183% |
| + Depreciation and write-downs630 | €2,808 | €6,619 | €22,965 | €35,395 | €26,025 | ▼ 26.5% |
| Operating cash flow (approximation) | €324,616 | €207,689 | €113,586 | €210,149 | -€118,297 | ▼ 156% |
| Investment in fixed assets (approximation) | - | -€60,908 | -€1,327 | -€50,580 | -€2,482 | ▲ 95.1% |
| Change in cash | - | €128,560 | €128,386 | €68,034 | -€316,675 | ▼ 565% |
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
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Equity above €500,000Eq €666,797 ▲35.5%
4 profitable years in a row build equity to €666,797.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Back to profitnet €321,808
Net result €321,808 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €200,353
Equity rises from -€121,455 to €200,353.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
31-12
Financial
Weakest financial yearnet -€273,788
Net result drops to -€273,788, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Equity above €150,000Eq €152,333 ▲6.6%
2 profitable years in a row build equity to €152,333.
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Anderlecht · 1 establishment unit since 2000
Ground area
3.8 ha
Building footprint
735 m²
Volume, LiDAR
4,983 m³
Parcel 21306C0030/00V000, Brussels · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Paapsemlaan 10, 1070 Anderlecht
since 20002.099.441.670
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0030/00V000 | Brussels | 3.8 ha | 1 · 734 m² | 7.8 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- RASEC AMENAGEMENTFR
- RASEC BL
Highest known parent: RASEC AMENAGEMENT (France). The sources do not say who stands above it.
Owners 1
- RASEC AMENAGEMENTFRparentSourceown accounts 2025100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of RASEC BL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,742 companies in sector 46150 we hold annual accounts for 759. 448 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)
Founded09-02-2000
Fiscal year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
46649Wholesale of other machinery and equipment
Contact
E-mail
c.chauvet@hestia-group.comAnderlecht
E-invoicing
Reachable via Peppol
Peppol ID
0208:0470652215
Also
9925:BE0470652215
Registered
02-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.