RAU DAVID
ActiveRAU DAVID has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €521k and a net result of €182k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 50% of 27787 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▲+4
Solvency73▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 1.91 against 2.24 in 2024; short-term debt: 21.5% and cash: 34.6% of total assets), but 52.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Sector 43
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
47.6%
Return on assets
16.6%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
25 d early
2024
29 d early
2023
36 d early
2022
31 d early
2021
37 d early
2020
37 d early
2019
32 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€521k▼ 2.8%
2024 · €536k
2018: €170k
2019: €241k
2020: €338k
2021: €438k
2022: €465k
2023: €465k
2024: €536k
2018 → 2025
Total assets
€1.10M▲ 3.9%
2024 · €1.05M
2018: €256k
2019: €322k
2020: €380k
2021: €459k
2022: €1.01M
2023: €989k
2024: €1.05M
2018 → 2025
Net result
€182k▲ 28.3%
2024 · €142k
2018: €76k
2019: €72k
2020: €97k
2021: €100k
2022: €107k
2023: €75k
2024: €142k
2018 → 2025
Working capital
€214k▲ 11.0%
2024 · €193k
2018: €42k
2019: €98k
2020: €216k
2021: €338k
2022: €276k
2023: €135k
2024: €193k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€438k-€465k▲ 6.1%€465k▼ 0.1%€536k▲ 15.3%€521k▼ 2.8%
Operating result€142k-€130k▼ 8.4%€114k▼ 12.3%€216k▲ 89.1%€273k▲ 26.4%
Net result€100k-€107k▲ 7.2%€75k▼ 30.1%€142k▲ 89.5%€182k▲ 28.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.10M
Fixed assets
€646k▼ 8.5%
Current assets
€449k▲ 29.1%
Equity and liabilities €1.10M
Equity
€521k▼ 2.8%
Debt
€575k▲ 10.8%
The debt ratio rises from 49.2% to 52.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€335k▲
2024 · €273k
Cash flow
€245k▲
2024 · €199k
Solvency
47.6%▼
2024 · 50.8%
Current ratio
1.91▼
2024 · 2.24
Quick ratio
1.82▼
2024 · 2.09
Debt / equity
1.10▲
2024 · 0.97
ROE
35.0%▲
2024 · 26.5%
ROA
16.6%▲
2024 · 13.5%
Interest coverage
17.08▲
2024 · 13.70
Debt
€575k▲
2024 · €518k
Debt ≤ 1 year
€235k▲
2024 · €155k
Debt > 1 year
€339k▼
2024 · €363k
Income taxes
€80k▲
2024 · €61k
Staff costs
€70k▲
2024 · €65k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.05M€1.10M▲
Fixed assets21/28€707k€646k▼
Intangible fixed assets21€19k€4k▼
Tangible fixed assets22/27€688k€642k▼
Land and buildings22€606k€584k▼
Plant, machinery and equipment23€20k€15k▼
Furniture and vehicles24€61k€43k▼
Current assets29/58€348k€449k▲
Stocks and contracts in progress3€23k€22k▼
Stocks30/36€23k€22k▼
Amounts receivable within one year40/41€55k€45k▼
Trade receivables40€37k€38k▲
Other amounts receivable41€18k€7k▼
Cash at bank and in hand54/58€268k€379k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.05M€1.10M▲
Equity10/15€536k€521k▼
Contributions10/11€12k€12k=
Reserves13€524k€508k▼
Distributable reserves133€524k€508k▼
Amounts payable17/49€518k€575k▲
Amounts payable after more than one year17€363k€339k▼
Financial debts170/4€363k€339k▼
Amounts payable within one year42/48€155k€235k▲
Current portion of amounts payable after more than one year42€39k€24k▼
Trade debts44€35k€4k▼
Suppliers440/4€35k€4k▼
Taxes, remuneration and social security45€14k€21k▲
Taxes450/3€14k€21k▲
Other amounts payable47/48€67k€186k▲
Accrued charges and deferred income492/3€300€300=
Income statement
Code20242025
Remuneration, social security and pensions62€65k€70k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€62k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€340k€410k▲
Operating profit (loss)9901€216k€273k▲
Financial income75/76B€7k€9k▲
Recurring financial income75€7k€9k▲
Financial charges65/66B€20k€20k▼
Recurring financial charges65€20k€20k▼
Profit (loss) for the period before taxes9903€203k€262k▲
Income taxes67/77€61k€80k▲
Profit (loss) for the period9904€142k€182k▲
Profit (loss) for the period to be appropriated9905€142k€182k▲
Appropriation of the result
Profit (loss) to be appropriated9906€142k€182k▲
Transfer from equity791/2€71k€197k▲
Transfer to equity691/2€142k€182k▲
To other reserves6921€142k€182k▲
Profit to be distributed694/7€71k€197k▲
Return on contributions (dividend)694€71k€197k▲
The notes to these accounts (9 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €182k ▲28.3%
Operating result €273k, net result €182k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €536k ▲15.3%
7 profitable years in a row build equity to €536k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 18.90
Current ratio from 9.04 to 18.90; short-term debt falls from €27k to €19k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 9.04
Current ratio from 3.18 to 9.04; short-term debt falls from €45k to €27k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €72k ▼5.1%
Net result drops to €72k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.18
Current ratio from 1.50 to 3.18; short-term debt falls from €85k to €45k.
31-12
Financial
Equity above €200kEq €241k ▲41.6%
2 profitable years in a row build equity to €241k.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brugge · 1 establishment unit since 2016
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.
Bisschopsdreef 48310 BruggeGround area
780 m²
Building footprint
142 m²
Volume, LiDAR
135 m³
Parcel 31029C0158/00E004, Flanders · tallest building 18.7 m. Linked by address, not a title deed.
1 establishment unit
RAU DAVID
since 20162.251.693.662
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31029C0158/00E004 | Flanders | 780 m² | 1 · 142 m² | 18.7 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
1 live approvalBrandertechnicus gas/stookolie duaal (so)
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 4,477 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-04-2016
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43990Other specialised construction activities
43999Specialised construction activities
43120Site preparation
43130Specialised construction activities
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
43320Joinery installation
43332Laying of wooden floor and wall coverings
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.