Active BE 0437.363.102Public limited company

RAVODEC

Rijksweg(BOR) 15 ·2880 Bornem, Belgium· 37 yrs active

Sector: NACE 25120 (25120)

Conclusion Checked

The computed 12-month bankruptcy probability of RAVODEC is 1.0% (low). The 2019 annual accounts show equity of €217k and a net result of €-184k. The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€217k
Net result	€-184k
Staff (FTE)	7.2
Active	37 yrs

Snowflake analysis 5 axes · computed by Checked

35 / 100

Fragile profile, watch profitability in particular.

Health 15

Profitability 0

Solvency 7

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.0% Low

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Long track record −Higher-failure-rate sector +

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 2 signals

Long-established

Founded in 1989, 37 years in business.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2019 · computed

15 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-04-2020 with the NBB · fiscal year 2019 · verkort

Operating resultNet result

EBITDA

€195k

-36.3% +53% vs sector

Net profit

€-184k

-51.0% far below sector median

Cash flow

€-42k

- far below sector median

Total assets

€4.62M

-2.2% far above sector median

Equity

€217k

+67.8% -19% vs sector

Working capital

€-546k

-19.9% far below sector median

Employees (FTE)

7

-8.9% -52% vs sector

Income taxes

€249

+40.4% -97% vs sector

Debt

€4.40M

-4.1% far above sector median

Debt ≤ 1y

€1.61M

-1.2% far above sector median

Debt > 1y

€2.78M

-6.1% far above sector median

Current ratio

0.66

-8.3% -48% vs sector

Quick ratio

0.46

-4.8% -35% vs sector

Solvency

4.7%

+71.5% -86% vs sector

Debt / equity

12.82

-44.0% far above sector median

ROE

-84.9%

+10.0% far below sector median

ROA

-4.0%

-54.3% far below sector median

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Revenue	-
EBITDA	€195k
Net profit	€-184k
Cash flow	€-42k
Staff costs	-
Income taxes	€249
Dividends	-
Total assets	€4.62M
Equity	€217k
Debt	€4.40M
of which ≤ 1y	€1.61M
of which > 1y	€2.78M
Working capital	€-546k
Employees (FTE)	7.2

Ratios (computed)

	2019
Current ratio	0.66
Quick ratio	0.46
Working capital ratio	-11.8%
Solvency	4.7%
Debt / equity	12.82
Long-term debt ratio	12.82
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-4.0%
ROE	-84.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €3.56M · 77.0% Current assets €1.06M · 23.0%

Equity & liabilities

Equity €217k · 4.7% Debt €4.40M · 95.3%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€4.62M
Fixed assets	21/28	€3.56M
Intangible fixed assets	21	€0
Tangible fixed assets	22/27	€3.56M
Financial fixed assets	28	€160
Current assets	29/58	€1.06M
Stocks & contracts in progress	3	€320k
Amounts receivable within one year	40/41	€596k
Cash & bank	54/58	€14k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€4.62M
Equity	10/15	€217k
Contributions / capital	10/11	€252k
Accumulated profits (losses)	14	€-184k
Amounts payable	17/49	€4.40M
Amounts payable after one year	17	€2.78M
Amounts payable within one year	42/48	€1.61M
Trade debts payable within one year	44	€535k
Income statement
Gross operating margin	9900	€665k
Operating result	9901	€53k
Financial income	75	€3k
Financial charges	65	€101k
Result before taxes	9903	€-62k
Income taxes	67/77	€249
Net result for the period	9904	€-62k
Result to be appropriated	9905	€-62k

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Ratios computed by Checked.

Legal Structure

NACE primary	25120
Legal form	Public limited company(014)
Incorporation	11-04-1989
Status	Active
Postal code	2880

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.
12007C0360/00L000	Flanders	2.2 ha	1 · 1.3 ha	12.6 m · 3 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 10 events

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

2020

30-04-2020