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Rational

Active
Public limited companyfounded 1980active for 46 yearsStaatsbaan 20, 3945 Tessenderlo-Ham, BelgiumKBO/BCE: BE 0421.040.178

From the official registers: KBO 45 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of Rational is 1.8% (moderate). The 2025 annual accounts show equity of €185,062 and a net result of €7,602. Equity has been growing by about 9.4% per year since 2018. Its solvency ranks better than 45% of 2,445 sector peers (NACE 43, financial year 2025). The company has been active since 1980 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 14-10-1980 Normal situation
Activity
Other building finishing work NACE 43350and 1 other
Establishment units
2.142.858.672 2600 Antwerpen, since 14-10-1980
2.142.858.771 3945 Tessenderlo-Ham, since 01-01-1981
Financial year end
31 December
Peppol
Reachable since 09-07-2025

Board and ownership

Board
  • Van der Voort GilbertDirector
  • Van der Voort GuidoDirector

Financial position

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.8%
Annual accounts 2025
Gross margin
€926,933
▼ 8.5%
Turnover
≈ €2.7m
estimated
Profit
€7,602
▲ 100×
Equity
€185,062
▲ 4.3%
Total assets
€474,173
▲ 37.4%
Staff
18.3 FTE
▼ 3.7%
Filed on 01-07-2026, 30 days before the deadlineat the National Bank
Score breakdownraises riskLiquidity: current ratio 1.64, cash €588Size: 18.3 FTE, total assets €474,1731 change of registered office in 24 monthsSector: Specialised construction activities (NACE 43)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 31% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 64-12
equity 39.0% of total assets
Liquidity 18-8
short-term debt 61.0% · cash 0.1%
Profitability 42+4
return on assets 1.6%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,649 companies, NACE 43, small)
Last 24 months 11-2024: 1.6% 12-2024: 1.6%● unchanged vs 11-2024 01-2025: 1.6%● unchanged vs 12-2024 02-2025: 1.6%● unchanged vs 01-2025 03-2025: 1.6%● unchanged vs 02-2025 04-2025: 1.5%▼ -0.1 percentage points vs 03-2025 05-2025: 1.5%● unchanged vs 04-2025 06-2025: 1.4%▼ -0.1 percentage points vs 05-2025 07-2025: 1.6%▲ +0.2 percentage points vs 06-2025 08-2025: 1.2%▼ -0.4 percentage points vs 07-2025 09-2025: 1.2%● unchanged vs 08-2025 10-2025: 1.2%● unchanged vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.2%● unchanged vs 03-2026 05-2026: 1.2%● unchanged vs 04-2026 06-2026: 1.1%▼ -0.1 percentage points vs 05-2026 07-2026: 1.1%● unchanged vs 06-2026 08-2026: 0.9%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 1.5%▲ +0.6 percentage points vs 08-2026 10-2026: 1.8%▲ +0.3 percentage points vs 09-2026highest value
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.64 (2.06 in 2024), above the usual 1.5. Short-term debt is 61% and cash 0.1% of total assets. However, 61% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 52% of them on solvency, 10% on liquidity, 18% on profitability and 46% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
raises riskneutral
raises risk · Liquidity: current ratio 1.64, cash €588
NBB · annual accounts
raises risk · Size: 18.3 FTE, total assets €474,173
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 days early
2024
13 days early
2023
29 days early
2022
86 days late
2021
233 days late
2020
405 days late
2019
122 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 111 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (4 of the last 5 accounts filed within 99 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 5th oldest company in Tessenderlo-Ham, Construction sectorin the Checked rankings No. 5 View
  • Positive: 6 profitable years in a rowprofit 2025: €7,602 6 years View

Comparable companies

These companies have the same main activity as Rational: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €505,000 and €833,000, founded between 1966 and 1998.

CompanyTotal assetsGross margin
Rational Tessenderlo-Ham€0.5m€0.9m
QUALIVIE Soignies€0.7m€1.0m
OTC Hamme (Vl.)€0.5m€0.7m
Boveco Deerlijk€0.5m€0.7m
PANIEVA Ravels€0.8m€1.0m
EURONET Vorst€0.5m€0.6m
REGIE DES QUARTIERS D'ANDERLECHT Anderlecht€0.6m€0.8m
Full comparison

Documents

Annual accounts at the NBB

All 45 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about Rational

What is the company number of Rational?
The company number of Rational is 0421.040.178. The VAT number is the same number with BE in front: BE 0421.040.178.
Where is Rational based?
The registered office is at Staatsbaan 20, 3945 Tessenderlo-Ham.Company details
What does Rational do?
According to the KBO register, the main activity is other building finishing work (NACE 43350).
What is the legal form of Rational?
The legal form of Rational is Public limited company (NV).
When was Rational founded?
Rational was founded on 14-10-1980.
Is Rational still active?
Yes, Rational is an active enterprise in the KBO register.
How many employees does Rational have?
Rational had an average of 18.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Rational?
The turnover in financial year 2025 is ≈ €2.7m. This figure is estimated from the gross margin of €926,933 and 40 comparable companies (NACE 433). It probably lies between €2.0m and €3.4m.
Is Rational profitable?
In financial year 2025, Rational made a profit of €7,602.
Where can I find the annual accounts of Rational?
Rational filed 45 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of Rational due?
Rational must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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