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Generated 15-07-2026
Active BE 0776.534.290Private limited company

RAVEN DEVELOPMENT

Kipdorp 42 ·2000 Antwerpen, Belgium· 4 yrs active
Sector: Construction of buildings (41001)
Conclusion Checked

The computed 12-month bankruptcy probability of RAVEN DEVELOPMENT is 3.0% (moderate). The 2024 annual accounts show negative equity (€-133k) and a net result of €-167k. Equity is shrinking by ~113.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 330 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-133k
Net result €-167k
Staff (FTE) 0.8
Better than sector 10%
Snowflake analysis 5 axes · computed by Checked
Health12Profitability100Solvency44Growth32Stability94
56 / 100

Mixed profile: strong on profitability, weaker on health.

Health 12
Profitability 100
Solvency 44
Growth 32
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
3.0% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
12 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · verkort
€-200k€0€200kOperating result 2022: €237k€237kNet result 2022: €165k€165kOperating result 2023: €-97k€-97kNet result 2023: €-134k€-134kOperating result 2024: €-92k€-92kNet result 2024: €-167k€-167k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~113.3%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-600k€-400k€-200k€0€200k2025: €-283k (€-294k - €-272k)2026: €-433k (€-444k - €-423k)2027: €-584k (€-595k - €-573k)2022: €168k2023: €34k2024: €-133k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -3.5% 24.2%
better than 10% of 330 sector peers
Net result €-167k €16k
better than 6% of 330 sector peers
Equity €-133k €74k
better than 5% of 330 sector peers
Gross operating margin €-56k €81k
better than 5% of 330 sector peers
Staff costs €22k €140k
higher than 15% of 153 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-81k
+9.7% far below sector median
Net profit
€-167k
-25.1% far below sector median
Cash flow
€-156k
-23.3% far below sector median
Total assets
€3.84M
+117.9% far above sector median
Equity
€-133k
- far below sector median
Working capital
€-157k
- far below sector median
Employees (FTE)
1
+14.3% -75% vs sector
Staff costs
€22k
-54.9% -70% vs sector
Income taxes
€0
- -100% vs sector
Debt
€3.98M
+129.9% far above sector median
Debt ≤ 1y
€3.98M
+129.9% far above sector median
Current ratio
0.96
-4.6% -33% vs sector
Quick ratio
0.80
-20.2% -44% vs sector
Solvency
-3.5%
- far below sector median
Debt / equity
-29.96
- far below sector median
ROE
126.0%
- far above sector median
ROA
-4.4%
+42.6% +53% vs sector
Interest coverage
-1.08
+54.9% far below sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€-81k
Net profit€-167k
Cash flow€-156k
Staff costs€22k
Income taxes€0
Dividends-
Total assets€3.84M
Equity€-133k
Debt€3.98M
of which ≤ 1y€3.98M
of which > 1y-
Working capital€-157k
Employees (FTE)0.8
Ratios (computed)
2024
Current ratio0.96
Quick ratio0.80
Working capital ratio-4.1%
Solvency-3.5%
Debt / equity-29.96
Long-term debt ratio-
Interest coverage-1.08
Gross margin-
Net margin-
ROA-4.4%
ROE126.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€3.84M
Fixed assets 21/28€24k
Intangible fixed assets 21€7k
Tangible fixed assets 22/27€18k
Current assets 29/58€3.82M
Stocks & contracts in progress 3€624k
Amounts receivable within one year 40/41€3.14M
Cash & bank 54/58€54k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€3.84M
Equity 10/15€-133k
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€-136k
Amounts payable 17/49€3.98M
Amounts payable within one year 42/48€3.98M
Trade debts payable within one year 44€823k
Income statement
Gross operating margin 9900€-56k
Operating result 9901€-92k
Financial income 75€310
Financial charges 65€75k
Result before taxes 9903€-167k
Income taxes 67/77€0
Net result for the period 9904€-167k
Result to be appropriated 9905€-167k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Construction of buildings(41001)
Legal form Private limited company(610)
Incorporation26-10-2021
StatusActive
Postal code2000
Establishment units 1 location
RAVEN DEVELOPMENT
Kipdorp 42, 2000 AntwerpenAlgemene bouw van residentiële gebouwen
since 20212.323.830.186
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11802B2097/00E000 Flanders 270 m² 1 · 214 m² 33.2 m · 6 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
30-09-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
09-05-2025
State Gazette act Director changes
2024
29-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
29-09-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2025
09-05-2025 1 director appointed, 1 resigning Director changes
  • Rogier Vos, Vaste vertegenwoordiger
  • Maarten Boeckx, Vaste vertegenwoordiger
Technical details 
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      "effective_date": "2025-04-24",
      "evidence_quote": "",
      "decharge_status": null,
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    },
    {
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  "notary": {
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    "firm_name": null,
    "office_city": "Antwerpen",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2025-04-29",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2025-04-24",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0776.534.290",
    "name_full": "Raven Development",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": null,
    "org_name": "Areaal",
    "person_name": null,
    "org_rep_person_name": "Thomas Lauwens",
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201
Primary activity highlighted.
Names & trade names
Legal nameNL RAVEN DEVELOPMENT
Registered office
Kipdorp 42
2000 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative