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RATO

Active
Public limited companyfounded 198937 yrs activeKBO/BCE: BE 0436.874.043

The file of RATO contains 2 historical bankruptcy publications and 1 administrative flag, as published in the Belgian State Gazette.

Summary

The computed 12-month bankruptcy probability is 0.3% (very low). The 2025 annual accounts show equity of €57,321 and a net result of €11,336. Equity is growing by ~47.4% per year across the filed fiscal years. Its solvency ranks better than 39% of 8504 sector peers (fiscal year 2025).

Risk analysisWatch ReportCompare
RATOActiveChecked score 84/100
Risk analysis ReportCompare

Overview

Activity
Advertising agencies
NACE 73110NACE 74401
1 site
Size
€144,237total assets 2025
Equity
€57,321
Profit
€11,336
Turnover not published (abridged schema)
Financial health
84 Excellent Checked score 2025
Bankruptcy chance 12 m
0.3%
Structure
Accounts filed 61 d late0 of 3 deeds read
Why 84- Latest accounts 61 days late; 3 of the last 3 late- Ex-officio strike-off in the KBO+ Founded in 1989+ Liquidity: current ratio 1.60, cash €21,136Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Better than 41% of its sector peers (NACE 73, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 65-4
equity 39.7% of total assets
Liquidity 37+11
short-term debt 60.2% · cash 14.7%
Profitability 48-38
return on assets 7.9%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (11,139 companies)
Last 24 months 11-2024: 0.4% 12-2024: 0.6%▲ +40.9% vs 11-2024 01-2025: 1.2%▲ +101% vs 12-2024 02-2025: 1.2%● 0.0% vs 01-2025 03-2025: 1.3%▲ +10.8% vs 02-2025 04-2025: 0.7%▼ -47.2% vs 03-2025 05-2025: 0.7%▼ -5.6% vs 04-2025 06-2025: 0.6%▼ -6.5% vs 05-2025 07-2025: 0.7%▲ +14.6% vs 06-2025 08-2025: 1.0%▲ +42.7% vs 07-2025 09-2025: 1.1%▲ +9.4% vs 08-2025 10-2025: 1.4%▲ +23.5% vs 09-2025 11-2025: 1.3%▼ -3.5% vs 10-2025 12-2025: 1.7%▲ +30.8% vs 11-2025 01-2026: 3.1%▲ +80.6% vs 12-2025 02-2026: 3.1%● 0.0% vs 01-2026 03-2026: 3.3%▲ +6.5% vs 02-2026highest value 04-2026: 0.9%▼ -71.8% vs 03-2026 05-2026: 1.8%▲ +87.9% vs 04-2026 06-2026: 1.6%▼ -6.2% vs 05-2026 07-2026: 1.7%▲ +5.3% vs 06-2026 10-2026: 0.3%lowest value
  • Latest accounts 61 days late; 3 of the last 3 late raises the probability
  • Founded in 1989 lowers the probability for this profile
  • Liquidity: current ratio 1.60, cash €21,136 lowers the probability
  • Ex-officio strike-off in the KBO raises the probability
Credit up to €4,500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.6 against 1.72 in 2024; short-term debt: 60.2% and cash: 14.7% of total assets), but 60.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 73, micro). Better than this share of them on solvency 41%, liquidity 21%, profitability 28%, growth against the median 73%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Latest accounts 61 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 1989
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Liquidity: current ratio 1.60, cash €21,136
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Ex-officio strike-off in the KBO
In the bankruptcy model this factor raises the probability.
KBO publications
neutral · Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 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 filings
Deviation from the deadline
2025
61 d late
2024
210 d late
2023
215 d late
2022
31 d late
2021
30 d late
2020
23 d late
2019
13 d late
← 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 83 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
Checked, nothing found (1)
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 September (4 of the last 5 filed years within 149 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Bankruptcy reversalOndernemingsrechtbank Antwerpen, afdeling Antwerpen ·…
  3. OpeningOndernemingsrechtbank Antwerpen, afdeling Antwerpen ·…

Key points

  • Caution: Latest accounts filed lateafter the legal deadline 61 d View
  • Active since 1989founded 24-02-1989 37 years View
  • Total assets 20256 fiscal years filed €144,237 View

By topic

Financials

Fiscal year
2025
Total assets
€144,237
Profit
€11,336
Solvency
39.7%
Total assets▲ 37.5%
Net result
20182025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 30-09-2026Annual accounts filed
  2. 15-09-2026Bankruptcy reversal
  3. 08-07-2026Opening
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Advertising agenciesNACE 73110
Founded
24-02-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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