RATESHWAR
ActiveSummary
RATESHWAR has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1k and a net result of €43k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency26▼-74
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
0.9%
Return on assets
31%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 20780 sector peers (2024).
NBB · sector comparisonPosition among 20780 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
394 d late
2022
32 d late
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1k▼ 98.9%
2023 · €117k
2021: €28k
2022: €44k▲ +59.7% vs 2021
2023: €117k▲ +165% vs 2022highest in 4 years
2024: €1k▼ -98.9% vs 2023lowest in 4 years
2021 → 2024
Total assets
€139k▼ 9.1%
2023 · €153k
2021: €57klowest in 4 years
2022: €75k▲ +30.5% vs 2021
2023: €153k▲ +104% vs 2022highest in 4 years
2024: €139k▼ -9.1% vs 2023
2021 → 2024
Net result
€43k▼ 50.8%
2023 · €88k
2021: €28klowest in 4 years
2022: €53k▲ +89.9% vs 2021
2023: €88k▲ +67.0% vs 2022highest in 4 years
2024: €43k▼ -50.8% vs 2023
2021 → 2024
Working capital
€-929
2023 · €102k
2021: €27k
2022: €34k▲ +26.3% vs 2021
2023: €102k▲ +201% vs 2022highest in 4 years
2024: €-929▼ -101% vs 2023lowest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€28k-€44k▲ 59.7%€117k▲ 165%€1k▼ 98.9%
2021: €28k
2022: €44k▲ +59.7% vs 2021
2023: €117k▲ +165% vs 2022highest in 4 years
2024: €1k▼ -98.9% vs 2023lowest in 4 years
Operating result€35k-€65k▲ 88.3%€104k▲ 60.1%€61k▼ 41.6%
2021: €35klowest in 4 years
2022: €65k▲ +88.3% vs 2021
2023: €104k▲ +60.1% vs 2022highest in 4 years
2024: €61k▼ -41.6% vs 2023
Net result€28k-€53k▲ 89.9%€88k▲ 67.0%€43k▼ 50.8%
2021: €28klowest in 4 years
2022: €53k▲ +89.9% vs 2021
2023: €88k▲ +67.0% vs 2022highest in 4 years
2024: €43k▼ -50.8% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 42% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €139k
Fixed assets
€5k ▼ 33.9%
Current assets
€134k ▼ 7.9%
Equity and liabilities €139k
Equity
€1k ▼ 98.9%
Debt
€138k ▲ 215%
Debt's share of the balance-sheet total rises from 27.3% to 99.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€65k▼
2023 · €108k
Cash flow
€47k▼
2023 · €91k
Current ratio
0.99▼
2023 · 3.33
ROA
31.0%▼
2023 · 57.3%
Interest coverage
21.01▼
2023 · 63.24
Debt ≤ 1 year
€135k▲
2023 · €44k
Income taxes
€12k▼
2023 · €21k
Staff costs
€0▼
2023 · €283
A ratio outside any meaningful range has been withheld (balance sheet total €139k, equity €1k).
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€153k€139k▼
Fixed assets21/28€7k€5k▼
Tangible fixed assets22/27€7k€5k▼
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€4k€1k▼
Other tangible fixed assets26€2k€2k▼
Current assets29/58€146k€134k▼
Amounts receivable within one year40/41€72k€87k▲
Trade receivables40€24k€13k▼
Other amounts receivable41€55k€74k▲
Cash at bank and in hand54/58€64k€31k▼
Deferred charges and accrued income490/1€21k€17k▼
Equity and liabilities
Total equity and liabilities10/49€153k€139k▼
Equity10/15€117k€1k▼
Contributions10/11€1k€1k=
Profit (loss) carried forward14€116k€246▼
Amounts payable17/49€44k€138k▲
Amounts payable within one year42/48€44k€135k▲
Current portion of amounts payable after more than one year42-€10k
Financial debts43-€678
Credit institutions430/8-€678
Trade debts44€642€4k▲
Suppliers440/4€642€4k▲
Taxes, remuneration and social security45€43k€40k▼
Taxes450/3€43k€40k▼
Other amounts payable47/48-€81k
Accrued charges and deferred income492/3-€3k
Income statement
Code20232024
Remuneration, social security and pensions62€283€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€1k€688▼
Gross operating margin9900€109k€65k▼
Operating profit (loss)9901€104k€61k▼
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€2k€10k▲
Recurring financial charges65€2k€3k▲
Non-recurring financial charges66B€200€7k▲
Profit (loss) for the period before taxes9903€105k€55k▼
Income taxes67/77€21k€12k▼
Profit (loss) for the period9904€88k€43k▼
Profit (loss) for the period to be appropriated9905€88k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€132k€133k▲
Profit (loss) brought forward from the previous period14P€44k€90k▲
Profit to be distributed694/7€30k€133k▲
Return on contributions (dividend)694€30k€133k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €283 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €3k | €4k | €4k | ▲ 2.8% |
| Other operating charges640/8 | €371 | €944 | €1k | €688 | ▼ 45.6% |
| Gross operating margin9900 | €36k | €69k | €109k | €65k | ▼ 40.2% |
| Operating profit (loss)9901 | €35k | €65k | €104k | €61k | ▼ 41.6% |
| Financial income75/76B | €313 | €2k | €2k | €4k | ▲ 57.6% |
| Recurring financial income75 | €313 | €2k | €2k | €4k | ▲ 57.6% |
| Financial charges65/66B | €49 | €158 | €2k | €10k | ▲ 403% |
| Recurring financial charges65 | €49 | €158 | €2k | €3k | ▲ 80.2% |
| Non-recurring financial charges66B | - | - | €200 | €7k | ▲ 3,152% |
| Profit (loss) for the period before taxes9903 | €35k | €66k | €105k | €55k | ▼ 47.5% |
| Income taxes67/77 | €7k | €14k | €21k | €12k | ▼ 43.5% |
| Profit (loss) for the period9904 | €28k | €53k | €88k | €43k | ▼ 50.8% |
| Profit (loss) for the period to be appropriated9905 | €28k | €53k | €88k | €43k | ▼ 50.8% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €57k | €75k | €153k | €139k | ▼ 9.1% |
| Fixed assets21/28 | €11k | €10k | €7k | €5k | ▼ 33.9% |
| Tangible fixed assets22/27 | €11k | €10k | €7k | €5k | ▼ 33.9% |
| Plant, machinery and equipment23 | €1k | €2k | €2k | €2k | ▲ 4.8% |
| Furniture and vehicles24 | €9k | €6k | €4k | €1k | ▼ 61.3% |
| Other tangible fixed assets26 | - | €2k | €2k | €2k | ▼ 12.1% |
| Current assets29/58 | €47k | €65k | €146k | €134k | ▼ 7.9% |
| Amounts receivable within one year40/41 | €36k | €35k | €72k | €87k | ▲ 21.3% |
| Trade receivables40 | €26k | €699 | €24k | €13k | ▼ 44.4% |
| Other amounts receivable41 | €10k | €35k | €55k | €74k | ▲ 32.5% |
| Cash at bank and in hand54/58 | €11k | €29k | €64k | €31k | ▼ 52.2% |
| Deferred charges and accrued income490/1 | €5 | - | €21k | €17k | ▼ 20.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €57k | €75k | €153k | €139k | ▼ 9.1% |
| Equity10/15 | €28k | €44k | €117k | €1k | ▼ 98.9% |
| Contributions10/11 | - | - | €1k | €1k | = |
| Profit (loss) carried forward14 | €28k | €44k | €116k | €246 | ▼ 99.8% |
| Amounts payable17/49 | €30k | €31k | €44k | €138k | ▲ 215% |
| Amounts payable within one year42/48 | €20k | €31k | €44k | €135k | ▲ 209% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10k | - |
| Financial debts43 | €100 | - | - | €678 | - |
| Credit institutions430/8 | - | - | - | €678 | - |
| Other loans439 | €100 | - | - | - | - |
| Trade debts44 | €1k | €5k | €642 | €4k | ▲ 508% |
| Suppliers440/4 | €1k | €5k | €642 | €4k | ▲ 508% |
| Taxes, remuneration and social security45 | €19k | €26k | €43k | €40k | ▼ 7.2% |
| Taxes450/3 | €19k | €26k | €43k | €40k | ▼ 7.2% |
| Other amounts payable47/48 | - | - | - | €81k | - |
| Accrued charges and deferred income492/3 | €10k | - | - | €3k | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €53k | €88k | €43k | ▼ 50.8% |
| + Depreciation and write-downs630 | €1k | €3k | €4k | €4k | ▲ 2.8% |
| Operating cash flow (approximation) | €29k | €56k | €91k | €47k | ▼ 48.6% |
| Investment in fixed assets (approximation) | - | €-3k | €-548 | €-1k | ▼ 143% |
| Change in cash | - | €19k | €35k | €-34k | ▼ 196% |
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
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 394 days late
2023
31-12
Financial
Highest result since 2021net €88k ▲67%
Operating result €104k, net result €88k, both a record.
31-12
Financial
Equity above €100kEq €117k ▲165%
3 profitable years in a row build equity to €117k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tienen · 1 establishment unit since 2021
Ground area
1,004 m²
Building footprint
168 m²
Volume, LiDAR
650 m³
Parcel 24113E0099/00A002, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Thali
since 20212.315.520.553
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24113E0099/00A002 | Flanders | 1,004 m² | 1 · 168 m² | 6.6 m · 1 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.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 1,107 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
Founded02-04-2021
Fiscal year end31-12
Trade name NL
Thali
Activities, NACEBEL 2025
62100Computer programming
56210Event catering
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.