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Ratiolex

Active
Private limited companyfounded 20224 yrs activeLascheterweg 10, 4700 Eupen, BelgiumKBO/BCE: BE 0788.760.052
Summary

Ratiolex has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €229,741 and a net result of €143,638. Equity is growing by ~99.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+15
Solvency84▲+19
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 4.45 against 2.88 in 2024; short-term debt: 13.4% and cash: 33.9% of total assets), and 41.1% of the assets are financed with debt.
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
58.9%
Return on assets
36.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 27-04-2026, 95 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
95 d early
2024
56 d early
2023
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 51 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 5 June (3 of the last 3 filed years within 56 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

Ratiolex was incorporated on 19 July 2022 as a Private limited company.1 Total assets rose from EUR 80,034 in 2023 to EUR 389,892 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, unclassified schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€143,638▲ 419%
2024 · €27,665
Working capital
€180,599▲ 405%
2024 · €35,781
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€70,595-€39,140▼ 44.6%€190,376▲ 386%
Net result€55,437-€27,665▼ 50.1%€143,638▲ 419%
Equity€58,437-€86,102▲ 47.3%€229,741▲ 167%
Total assets€80,034-€217,441▲ 172%€389,892▲ 79.3%
Debt€21,597-€131,339▲ 508%€160,151▲ 21.9%
Working capital€58,437-€35,781▼ 38.8%€180,599▲ 405%
Result per fiscal year
Operating resultNet result
€0€50,000€100,000€150,000€200,000Operating result 2023: €70,595€70,595Net result 2023: €55,437€55,437Operating result 2024: €39,140€39,140Net result 2024: €27,665€27,665Operating result 2025: €190,376€190,376Net result 2025: €143,638€143,638202320242025€0€50,000€100,000€150,000€200,000Operating result 2023: €70,595€70,600Net result 2023: €55,437€55,400Operating result 2024: €39,140€39,100Net result 2024: €27,665€27,700Operating result 2025: €190,376€190,000Net result 2025: €143,638€144,000202320242025
The operating result recovers in 2025; 2025 is 386% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €389,892
Fixed assets €156,884 ▼ 3.5%
Current assets €233,008 ▲ 325%
Equity and liabilities €389,892
Equity €229,741 ▲ 167%
Debt €160,151 ▲ 21.9%
Debt's share of the balance-sheet total falls from 60.4% to 41.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€196,139▲
2024 · €43,029
Cash flow
€149,402▲
2024 · €31,554
Current ratio
4.45▲
2024 · 2.88
Debt to equity
0.70▼
2024 · 1.53
ROE
62.5%▲
2024 · 32.1%
ROA
36.8%▲
2024 · 12.7%
Interest coverage
51.54▲
2024 · 12.74
Debt ≤ 1 year
€52,410▲
2024 · €19,013
Debt > 1 year
€107,741▼
2024 · €112,326
Income taxes
€42,973▲
2024 · €8,096
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€217,441€389,892▲
Fixed assets21/28€162,647€156,884▼
Tangible fixed assets22/27€160,147€154,384▼
Land and buildings22€160,147€154,384▼
Financial fixed assets28€2,500€2,500=
Current assets29/58€54,794€233,008▲
Amounts receivable within one year40/41€9,286€100,676▲
Trade receivables40€9,286€100,091▲
Other amounts receivable41-€585
Cash at bank and in hand54/58€45,508€132,332▲
Equity and liabilities
Total equity and liabilities10/49€217,441€389,892▲
Equity10/15€86,102€229,741▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€83,102€226,741▲
Amounts payable17/49€131,339€160,151▲
Amounts payable after more than one year17€112,326€107,741▼
Financial debts170/4€112,326€107,741▼
Amounts payable within one year42/48€19,013€52,410▲
Current portion of amounts payable after more than one year42€4,438€4,585▲
Trade debts44€2,186€2,243▲
Suppliers440/4€2,186€2,243▲
Taxes, remuneration and social security45€12,359€45,582▲
Taxes450/3€12,359€45,582▲
Other amounts payable47/48€29-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,889€5,764▲
Other operating charges640/8€3,077€1,148▼
Gross operating margin9900€46,106€197,288▲
Operating profit (loss)9901€39,140€190,376▲
Financial income75/76B-€41
Recurring financial income75-€41
Financial charges65/66B€3,379€3,805▲
Recurring financial charges65€3,379€3,805▲
Profit (loss) for the period before taxes9903€35,762€186,612▲
Income taxes67/77€8,096€42,973▲
Profit (loss) for the period9904€27,665€143,638▲
Profit (loss) for the period to be appropriated9905€27,665€143,638▲
Appropriation of the result
Profit (loss) to be appropriated9906€83,102€226,741▲
Profit (loss) brought forward from the previous period14P€55,437€83,102▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3,889€5,764▲ 48.2%
Other operating charges640/8€103€3,077€1,148▼ 62.7%
Gross operating margin9900€70,698€46,106€197,288▲ 328%
Operating profit (loss)9901€70,595€39,140€190,376▲ 386%
Financial income75/76B--€41-
Recurring financial income75--€41-
Financial charges65/66B€78€3,379€3,805▲ 12.6%
Recurring financial charges65€78€3,379€3,805▲ 12.6%
Profit (loss) for the period before taxes9903€70,517€35,762€186,612▲ 422%
Income taxes67/77€15,080€8,096€42,973▲ 431%
Profit (loss) for the period9904€55,437€27,665€143,638▲ 419%
Profit (loss) for the period to be appropriated9905€55,437€27,665€143,638▲ 419%
Line202320242025Change
Assets
Total assets20/58€80,034€217,441€389,892▲ 79.3%
Fixed assets21/28-€162,647€156,884▼ 3.5%
Tangible fixed assets22/27-€160,147€154,384▼ 3.6%
Land and buildings22-€160,147€154,384▼ 3.6%
Financial fixed assets28-€2,500€2,500=
Current assets29/58€80,034€54,794€233,008▲ 325%
Amounts receivable within one year40/41€8,270€9,286€100,676▲ 984%
Trade receivables40€8,180€9,286€100,091▲ 978%
Other amounts receivable41€91-€585-
Cash at bank and in hand54/58€71,763€45,508€132,332▲ 191%
Equity and liabilities
Total equity and liabilities10/49€80,034€217,441€389,892▲ 79.3%
Equity10/15€58,437€86,102€229,741▲ 167%
Contributions10/11€3,000€3,000€3,000=
Profit (loss) carried forward14€55,437€83,102€226,741▲ 173%
Amounts payable17/49€21,597€131,339€160,151▲ 21.9%
Amounts payable after more than one year17-€112,326€107,741▼ 4.1%
Financial debts170/4-€112,326€107,741▼ 4.1%
Amounts payable within one year42/48€21,597€19,013€52,410▲ 176%
Current portion of amounts payable after more than one year42-€4,438€4,585▲ 3.3%
Trade debts44€2,535€2,186€2,243▲ 2.6%
Suppliers440/4€2,535€2,186€2,243▲ 2.6%
Taxes, remuneration and social security45€19,061€12,359€45,582▲ 269%
Taxes450/3€19,061€12,359€45,582▲ 269%
Other amounts payable47/48-€29--
Line202320242025Change
Profit (loss) for the period9904€55,437€27,665€143,638▲ 419%
+ Depreciation and write-downs630-€3,889€5,764▲ 48.2%
Operating cash flow (approximation)€55,437€31,554€149,402▲ 373%
Investment in fixed assets (approximation)--€0-
Change in cash--€26,256€86,825▲ 431%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-04
NBB filing Annual accounts filed
fiscal year 2025 · unclassified schema
2025
31-12
Financial Highest result since 2023net €143,638 ▲419%
Operating result €190,376, net result €143,638, both a record.
31-12
Financial Equity above €200,000Eq €229,741 ▲167%
3 profitable years in a row build equity to €229,741.
05-06
NBB filing Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial Weakest financial yearnet €27,665 ▼50.1%
Net result drops to €27,665, the lowest in the series; recovery starts the following year.
30-07
NBB filing Annual accounts filed
fiscal year 2023 · unclassified schema
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, Eupen · 1 establishment unit since 2022
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.

Lascheterweg 104700 Eupen
1 establishment unit
Ratiolex
Lascheterweg 10, 4700 EupenOther legal services
since 20222.334.438.820

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

According to the 2025 annual accounts of Ratiolex 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.

Similar companies · same sector, comparable size

Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 39,310 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
Founded19-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
69109Other legal services
82100Office administrative and support services
82990Other business support services
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID 0208:0788760052
Also 9925:BE0788760052
Registered 25-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.