RASO
ActiveSummary
The computed 12-month bankruptcy probability of RASO is 1.6% (moderate). The 2025 annual accounts show equity of €170k and a net result of €49k. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 13305 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+3
Solvency61▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.8 in 2024; short-term debt: 10.3% and cash: 3.4% of total assets), and 64.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.9%
Return on assets
10.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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
11 d late
2024
on the day
2023
21 d late
2022
29 d late
2021
2 d early
2020
26 d late
2019
59 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€49k▲ 26.4%
2024 · €39k
2018: €19k
2019: €4k
2020: €25k
2021: €-31k
2022: €24k
2023: €14k
2024: €39k
2018 → 2025
Working capital
€-11k▼ 17.5%
2024 · €-10k
2018: €28k
2019: €5k
2020: €34k
2021: €8k
2022: €3k
2023: €-30k
2024: €-10k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€67k▲ 54.4%€82k▲ 21.3%€121k▲ 48.0%€170k▲ 41.0%
Operating result€-28k-€28k€27k▼ 2.8%€62k▲ 131%€70k▲ 12.0%
Net result€-31k-€24k€14k▼ 39.5%€39k▲ 173%€49k▲ 26.4%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €474k
Fixed assets
€437k ▲ 0.2%
Current assets
€38k ▼ 2.6%
Equity and liabilities €474k
Equity
€170k ▲ 41.0%
Debt
€304k ▼ 14.0%
Debt's share of the balance-sheet total falls from 74.5% to 64.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70k▲
2024 · €64k
Cash flow
€50k▲
2024 · €40k
Current ratio
0.77▼
2024 · 0.80
Quick ratio
0.53▼
2024 · 0.61
Debt to equity
1.79▼
2024 · 2.93
ROE
29.1%▼
2024 · 32.4%
ROA
10.4%▲
2024 · 8.3%
Interest coverage
23.12▲
2024 · 20.59
Debt ≤ 1 year
€49k▲
2024 · €48k
Debt > 1 year
€255k▼
2024 · €305k
Income taxes
€17k▼
2024 · €20k
Staff costs
€10k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€474k€474k=
Fixed assets21/28€436k€437k▲
Tangible fixed assets22/27€651-
Furniture and vehicles24€651-
Financial fixed assets28€435k€437k▲
Current assets29/58€39k€38k▼
Stocks and contracts in progress3€9k€12k▲
Stocks30/36€9k€12k▲
Amounts receivable within one year40/41€13k€9k▼
Trade receivables40€13k€9k▼
Cash at bank and in hand54/58€15k€16k▲
Deferred charges and accrued income490/1€2k€736▼
Equity and liabilities
Total equity and liabilities10/49€474k€474k=
Equity10/15€121k€170k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€102k€152k▲
Amounts payable17/49€354k€304k▼
Amounts payable after more than one year17€305k€255k▼
Financial debts170/4€44k€34k▼
Other amounts payable178/9€261k€221k▼
Amounts payable within one year42/48€48k€49k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€21k€19k▼
Suppliers440/4€21k€19k▼
Taxes, remuneration and social security45€17k€20k▲
Taxes450/3€17k€20k▲
Income statement
Code20242025
Remuneration, social security and pensions62€11k€10k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€651▼
Other operating charges640/8€1k€530▼
Gross operating margin9900€75k€81k▲
Operating profit (loss)9901€62k€70k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€59k€67k▲
Income taxes67/77€20k€17k▼
Profit (loss) for the period9904€39k€49k▲
Profit (loss) for the period to be appropriated9905€39k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€102k€152k▲
Profit (loss) brought forward from the previous period14P€63k€102k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial
Highest result since 2018net €49k ▲26.4%
Operating result €70k, net result €49k, both a record.
31-12
Financial
Equity above €150kEq €170k ▲41%
4 profitable years in a row build equity to €170k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Equity above €100kEq €121k ▲48%
3 profitable years in a row build equity to €121k.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 21 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 29 days late
2022
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 59 days late
Show earlier events
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Lontzen · 1 establishment unit since 2015
Ground area
4,553 m²
Building footprint
380 m²
Volume, LiDAR
4,591 m³
2 parcels, Wallonia · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Patronage
since 20152.246.052.222
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63040A0239/00B000 | Wallonia | 2,784 m² | 1 · 259 m² | 17.3 m · 5 fl. |
| 63048B0006/00H000 | Wallonia | 1,769 m² | 1 · 120 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 siteKelmis/La Calamine2.246.052.222
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Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 3,274 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.