RAVENNA
ActiveSummary
RAVENNA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.3m and a net result of €2.9m. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 86% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+7
Solvency100▲+54
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270,000 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 0.31 in 2024; short-term debt: 13.6% and cash: 2.5% of total assets), and 13.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
86.4%
Return on assets
77.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 19-03-2026, 134 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
134 d early
2024
167 d early
2023
93 d early
2022
19 d early
2021
33 d early
2020
31 d early
2019
66 d early
← 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 78 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 30 April (4 of the last 5 filed years within 73 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?UNITED TILES BELGIUM · 18 companies How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€3.3m▲ 288%
2024 · €839,148
Total assets
€3.8m▼ 7.8%
2024 · €4.1m
Net result
€2.9m▲ 220%
2024 · €911,203
Working capital
€46,464
2024 · -€2.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€41,531▼ 25.3%€43,348▲ 4.4%€43,059▼ 0.7%€42,649▼ 1.0%€40,721▼ 4.5%
Net result€27,292within the sector's middle half▼ 12.7%€778,716above the sector's middle half▲ 2,753%€1.1mabove the sector's middle half▲ 39.8%€911,203above the sector's middle half▼ 16.3%€2.9mabove the sector's middle half▲ 220%
Equity€660,230above the sector's middle half▲ 4.3%€738,946above the sector's middle half▲ 11.9%€827,944above the sector's middle half▲ 12.0%€839,148above the sector's middle half▲ 1.4%€3.3mabove the sector's middle half▲ 288%
Total assets€3.2mabove the sector's middle half▼ 3.2%€3.3mabove the sector's middle half▲ 2.4%€3.7mabove the sector's middle half▲ 12.7%€4.1mabove the sector's middle half▲ 9.9%€3.8mabove the sector's middle half▼ 7.8%
Debt€2.6m▼ 4.9%€2.6m▼ 0.1%€2.9m▲ 12.9%€3.2m▲ 12.4%€511,406▼ 84.2%
Working capital-€1.5mbelow the sector's middle half▲ 1.8%-€1.6mbelow the sector's middle half▼ 8.3%-€1.9mbelow the sector's middle half▼ 17.6%-€2.0mbelow the sector's middle half▼ 8.1%€46,464within the sector's middle half
Solvency20.5%within the sector's middle half▲ 1.5pp22.4%within the sector's middle half▲ 1.9pp22.3%within the sector's middle half▼ 0.1pp20.5%within the sector's middle half▼ 1.7pp86.4%above the sector's middle half▲ 65.9pp
Current ratio0.03below the sector's middle half▼ 0.060.07below the sector's middle half▲ 0.040.22below the sector's middle half▲ 0.160.31below the sector's middle half▲ 0.091.09within the sector's middle half▲ 0.78
Return on assets (ROA)0.8%within the sector's middle half▼ 0.1pp23.6%above the sector's middle half▲ 22.8pp29.3%above the sector's middle half▲ 5.7pp22.3%above the sector's middle half▼ 7.0pp77.4%above the sector's middle half▲ 55.1pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 5% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.8m
Fixed assets
€3.2m ▲ 0.8%
Current assets
€557,826 ▼ 38.2%
Equity and liabilities €3.8m
Equity
€3.3m ▲ 288%
Debt
€511,406 ▼ 84.2%
Debt's share of the balance-sheet total falls from 79.5% to 13.6%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.16▼
2024 · 3.87
ROE
89.6%▼
2024 · 108.6%
Debt ≤ 1 year
€511,362▼
2024 · €2.9m
Income taxes
€9,499▲
2024 · €7,345
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €179 | €179 | €0 | - | - | - |
| Other operating charges640/8 | €1,389 | €1,410 | €1,561 | €1,719 | €1,658 | ▼ 3.5% |
| Non-recurring operating charges66A | -€119 | €0 | - | - | - | - |
| Gross operating margin9900 | €42,981 | €44,938 | €44,621 | €44,368 | €42,379 | ▼ 4.5% |
| Operating profit (loss)9901 | €41,531 | €43,348 | €43,059 | €42,649 | €40,721 | ▼ 4.5% |
| Financial income75/76B | €28,000 | €774,699 | €1.1m | €889,759 | €2.9m | ▲ 224% |
| Recurring financial income75 | €28,000 | €774,699 | €1.1m | €889,759 | €2.9m | ▲ 224% |
| Non-recurring financial income76B | €28,000 | €0 | - | - | - | - |
| Financial charges65/66B | €38,251 | €37,832 | €23,446 | €13,860 | €3,441 | ▼ 75.2% |
| Recurring financial charges65 | €38,251 | €37,832 | €23,446 | €13,860 | €3,441 | ▼ 75.2% |
| Profit (loss) for the period before taxes9903 | €31,280 | €780,216 | €1.1m | €918,549 | €2.9m | ▲ 218% |
| Income taxes67/77 | €3,988 | €1,499 | €5,314 | €7,345 | €9,499 | ▲ 29.3% |
| Profit (loss) for the period9904 | €27,292 | €778,716 | €1.1m | €911,203 | €2.9m | ▲ 220% |
| Profit (loss) for the period to be appropriated9905 | €27,292 | €778,716 | €1.1m | €911,203 | €2.9m | ▲ 220% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.2m | €3.3m | €3.7m | €4.1m | €3.8m | ▼ 7.8% |
| Fixed assets21/28 | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | ▲ 0.8% |
| Tangible fixed assets22/27 | €179 | €0 | - | - | - | - |
| Furniture and vehicles24 | €179 | €0 | - | - | - | - |
| Financial fixed assets28 | €3.2m | €3.2m | €3.2m | €3.2m | €3.2m | ▲ 0.8% |
| Current assets29/58 | €38,844 | €115,353 | €533,520 | €902,052 | €557,826 | ▼ 38.2% |
| Amounts receivable within one year40/41 | €6,296 | €105,680 | €500,000 | €850,000 | €460,000 | ▼ 45.9% |
| Trade receivables40 | €0 | - | - | - | - | - |
| Other amounts receivable41 | €6,296 | €105,680 | €500,000 | €850,000 | €460,000 | ▼ 45.9% |
| Cash at bank and in hand54/58 | €32,547 | €9,673 | €33,520 | €52,052 | €94,829 | ▲ 82.2% |
| Deferred charges and accrued income490/1 | €0 | - | - | - | €2,997 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.2m | €3.3m | €3.7m | €4.1m | €3.8m | ▼ 7.8% |
| Equity10/15 | €660,230 | €738,946 | €827,944 | €839,148 | €3.3m | ▲ 288% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €62,000 | €62,000 | = |
| Capital10 | €20,000 | €20,000 | €20,000 | €62,000 | €62,000 | = |
| Issued capital100 | €20,000 | €20,000 | €20,000 | €62,000 | €62,000 | = |
| Outside capital11 | €0 | - | - | - | - | - |
| Other1109/19 | €0 | - | - | - | - | - |
| Reserves13 | €640,230 | €718,946 | €807,944 | €777,148 | €3.2m | ▲ 311% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €6,200 | ▲ 210% |
| Legal reserve130 | €2,000 | €2,000 | €2,000 | €2,000 | €6,200 | ▲ 210% |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €638,230 | €716,946 | €805,944 | €775,148 | €3.2m | ▲ 311% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €2.6m | €2.6m | €2.9m | €3.2m | €511,406 | ▼ 84.2% |
| Amounts payable after more than one year17 | €1.1m | €870,000 | €504,000 | €342,857 | - | - |
| Financial debts170/4 | €1.1m | €870,000 | €504,000 | €342,857 | - | - |
| Amounts payable within one year42/48 | €1.5m | €1.7m | €2.4m | €2.9m | €511,362 | ▼ 82.4% |
| Current portion of amounts payable after more than one year42 | €1,672 | €0 | - | - | - | - |
| Trade debts44 | €219 | €229 | €253 | €263 | €5,635 | ▲ 2,042% |
| Suppliers440/4 | €219 | €229 | €253 | €263 | €5,635 | ▲ 2,042% |
| Taxes, remuneration and social security45 | €2,476 | €3,851 | €7,686 | €4,763 | €5,727 | ▲ 20.2% |
| Taxes450/3 | €2,476 | €3,851 | €7,686 | €4,763 | €5,727 | ▲ 20.2% |
| Other amounts payable47/48 | €1.5m | €1.7m | €2.4m | €2.9m | €500,000 | ▼ 82.7% |
| Accrued charges and deferred income492/3 | €25 | €25 | €35 | €35 | €43 | ▲ 23.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,292 | €778,716 | €1.1m | €911,203 | €2.9m | ▲ 220% |
| + Depreciation and write-downs630 | €179 | €179 | €0 | - | - | - |
| Operating cash flow (approximation) | €27,472 | €778,896 | €1.1m | €911,203 | €2.9m | ▲ 220% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€24,316 | - |
| Change in cash | - | -€22,874 | €23,847 | €18,532 | €42,777 | ▲ 131% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
State Gazette act
RestructuringPermanent representative: Jef Huet · Merger · Shareholding30 facts ▸
State Gazette act
Restructuring
Permanent representative: Jef Huet · Merger · Shareholding30 facts ▸
- Merger, met fusie door overneming gelijkgestelde verrichting (geruisloze fusie), gehele vermogen,zowel rechten als verplichtingen,van Ravenna op RG Tegel 2.0
- Shareholding, 24-07-2026, 100
- Incorporation, 26-11-2020
- General meeting, 19-03-2026
- Capital
- Director in office, United Tiles Belgium BV (director)
- Permanent representative, Jef Huet (permanent representative)
- Power of attorney, United Tiles Belgium BV
- Board meeting, 23-07-2026
- Incorporation, 04-12-2014
- Other statement, Liersebaan 206,2240 Zandhoven, identificatie deelnemende vennootschap
- General meeting, 30-05-2018
- +18 further facts in this act
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
10-02
State Gazette act
RestructuringMerger · Accounting effect · Shareholding3 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Shareholding3 facts ▸
- Merger, fusie door overneming
- Accounting effect, 01-01-2026
- Shareholding, 100%
2025
31-12
Financial
Highest result since 2018net €2.9m ▲220%
Net result €2.9m, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 1.09
Current ratio from 0.31 to 1.09; short-term debt falls from €2.9m to €511,362.
31-12
Financial
Equity above €2mEq €3.3m ▲288%
8 profitable years in a row build equity to €3.3m.
14-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Equity above €500,000Eq €601,668 ▲133%
2 profitable years in a row build equity to €601,668.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 2 have been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zandhoven · 1 establishment unit since 2014
Ground area
1.3 ha
Building footprint
1.1 ha
Volume, LiDAR
66,048 m³
Parcel 11027B0189/00A000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Ravenna
since 20142.237.486.132
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11027B0189/00A000 | Flanders | 1.3 ha | 1 · 1.1 ha | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
De groothandel en de kleinhandel,de import en de export van vloerstenen,tegels,de grondstoffen ervan,en de ermee verband houdend machines en materialen,in binnen- en in buitenland…
Full purpose (13 activities)
- De groothandel en de kleinhandel,de import en de export van vloerstenen,tegels,de grondstoffen ervan,en de ermee verband houdend machines en materialen,in binnen- en in buitenland en dit in de meest ruime zin
- Het verzorgen van dienstverlening en interim-management op het gebied van management en productieactiviteiten in het algemeen
- Het stimuleren,de planning en coördinatie van de ontwikkeling van andere vennootschappen en ondernemingen,het deelnemen aan hun beheer,bestuur en toezicht evenals het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen
- Daartoe kan de vennootschap samenwerken met,deelnemen in,of op gelijk welke wijze,rechtstreeks of onrechtstreeks,belangen nemen in andere ondernemingen
- Het verwerven en beheren van een vermogen,samengesteld uit roerende en onroerende goederen en rechten,het valoriseren en in stand houden van dit vermogen door beheersdaden. Beheer wordt in deze zin verstaan dat aankoop en vervreemding toegestaan zijn in zoverre ze nuttig of noodzakelijk zijn of bijdragen tot een meer gunstige samenstelling of opbrengst van het patrimonium
- De vennootschap mag alle financiële,roerende en onroerende verrichtingen doen. Zij mag onder meer: Onroerende goederen verwerven,bouwen,opschikken,uitrusten,in huur nemen of verhuren,vervreemden met het oog op wederbelegging en opbrengst,zonder hoedanigheid van vastgoedhandelaar te verwerven
- Haar onroerende goederen in hypotheek geven en er zakelijke rechten op toestaan,en al haar andere goederen in pand geven en aval verlenen voor alle leningen,kredietopeningen en verbintenissen zowel van haarzelf als van derden
- Effecten en deelnemingen in bestaande of op te richten vennootschappen of ondernemingen verwerven,tegeldemaking en beleggen in effecten en andere waarden,in de ruimste zin
- Deelnemen in alle ondernemingen die een gelijkaardig voorwerp nastreven of waarvan het voorwerp in nauw verband staat met haar voorwerp
- Zij mag eveneens belangen hebben bij wijze van inbreng,inschrijving,financiële tussenkomst of aan de andere kant,in alle ondernemingen,verenigingen of vennootschappen met gelijkaardig,analoog of aanverwant voorwerp of bevorderend voorwerp
- De vennootschap kan zich borg stellen of haar aval verlenen,voorschotten toestaan,hypothecaire of andere zekerheden verstrekken
- Zij mag alle mandaten en functies in andere vennootschappen waarnemen
- Alle handelingen zonder uitzondering die noodzakelijk,nuttig of bevorderlijk zijn;zakelijke onroerende rechten in vruchtgebruik,opstalrecht en erfpacht verwerven
Structure & network
Part of the group
UNITED TILES BELGIUM
18 companies
Group, risk and exposure
Owners and holdings
1 owner · 2 holdingsChain of control
- UNITED TILES BELGIUM
- PAKERA
- RG Tegel 2.0
- RAVENNA
Highest known parent: UNITED TILES BELGIUM. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 2
- Tegelfabriek van MassenhovensubsidiaryEquity €1.0mResult €305,386100%
-
67.47%
According to the 2025 annual accounts of RAVENNA 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.
Acquisitions and mergers
2 transactionsTook over:TEGELFABRIEK VAN MASSENHOVEN
Taken over by:RG TEGEL 2.0 BV
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 26-08-2026 ↗
- RG TEGEL 2.0 BV (BE 0758.780.718) all shares · 100%
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 26-08-2026 Capital stated in the act · 200 shares
Similar companies · same sector, comparable size
VERONOVE GROUP
BE 0818.974.562
Ninove · Eq €3.2m
RI.PA. BELGIUM
BE 0439.663.683
Laarne · Eq €3.4m
CLAUS TEGELIMPORT
BE 0652.620.552
Erpe-Mere · Eq €3.0m
LAMBRECHTS EN NICOLAERS
BE 0418.048.818
Tongeren-Borgloon · Eq €2.9m
Westvlaams Tegelhuis
BE 0405.546.904
Roeselare · Eq €2.3m
Of 168 companies in sector 46835 we hold annual accounts for 114. 45 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
46835Wholesale trade
47523Retail trade
63920Other information service activities
68110Buying and selling of own real estate
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0506684151
Also
9925:BE0506684151
Registered
29-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.