Raw Materials
Raw Materials has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.22M and a net result of €37k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 68% of 338 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
| Equity | €1.22M |
| Net result | €37k |
| Staff (FTE) | 8.4 |
| Better than sector | 68% |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 57.4% | 36.5% | |
| Net result | €37k | €44k | |
| Equity | €1.22M | €279k | |
| Gross operating margin | €401k | €244k | |
| Staff costs | €305k | €174k |
Figures by fiscal year and ratios
| Fiscal year | 2025 |
|---|---|
| Deposit | abbreviated schema |
| Revenue | - |
| EBITDA | €96k |
| Net profit | €37k |
| Cash flow | €67k |
| Staff costs | €305k |
| Income taxes | €20k |
| Dividends | - |
| Total assets | €2.12M |
| Equity | €1.22M |
| Debt | €902k |
| of which ≤ 1y | €902k |
| of which > 1y | - |
| Working capital | €929k |
| Employees (FTE) | 8.4 |
| 2025 | |
|---|---|
| Current ratio | 2.03 |
| Quick ratio | 1.98 |
| Working capital ratio | 43.9% |
| Solvency | 57.4% |
| Debt / equity | 0.74 |
| Long-term debt ratio | - |
| Interest coverage | 6.03 |
| Gross margin | - |
| Net margin | - |
| ROA | 1.8% |
| ROE | 3.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.12M |
| Fixed assets | 21/28 | €286k |
| Tangible fixed assets | 22/27 | €67k |
| Financial fixed assets | 28 | €219k |
| Current assets | 29/58 | €1.83M |
| Stocks & contracts in progress | 3 | €43k |
| Amounts receivable within one year | 40/41 | €1.33M |
| Investments | 50/53 | €20k |
| Cash & bank | 54/58 | €389k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.12M |
| Equity | 10/15 | €1.22M |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €122k |
| Accumulated profits (losses) | 14 | €1.07M |
| Amounts payable | 17/49 | €902k |
| Amounts payable within one year | 42/48 | €902k |
| Trade debts payable within one year | 44 | €639k |
| Income statement | ||
| Gross operating margin | 9900 | €401k |
| Operating result | 9901 | €67k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €16k |
| Result before taxes | 9903 | €58k |
| Income taxes | 67/77 | €20k |
| Net result for the period | 9904 | €37k |
| Result to be appropriated | 9905 | €37k |
-
MASSOUDI AhmedDirectorState Gazette act 24400400 (28-05-2024)Current28-05-2024 → present
Former directors (4)
-
AMIN MohamedDirectorState Gazette act 20348924 (14-10-2020)Former14-10-2020 → 28-05-2024
2 events
- 28-05-2024 Resigned· Director
- 14-10-2020 Appointed· Director
-
HLALOUCH HalidDirectorState Gazette act 20348924 (14-10-2020)Former18-06-2010 → 28-05-2024
3 events
- 28-05-2024 Resigned· Director
- 14-10-2020 Appointed· Director
- 18-06-2010 Appointed· Manager
-
PATEL SharadDirectorState Gazette act 20348924 (14-10-2020)Former12-10-2017 → 28-05-2024
3 events
- 28-05-2024 Resigned· Director
- 14-10-2020 Appointed· Director
- 12-10-2017 Appointed· Manager
-
RAUF AbdulDirectorState Gazette act 20348924 (14-10-2020)Former14-10-2020 → 28-05-2024
2 events
- 28-05-2024 Resigned· Director
- 14-10-2020 Appointed· Director
| NACE primary | Wholesale trade(46879) |
| Legal form | Private limited company(610) |
| Incorporation | 19-09-2007 |
| Status | Active |
| Postal code | 1000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007C0305/00E000 | Flanders | 1.5 ha | 1 · 385 m² | 8.2 m · 2 fl. |
| 21805E0551/00F000 | Brussels | 1,359 m² | 1 · 1,263 m² | 37.3 m · 11 fl. |
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
28-05-2024 Articles of association amended
Technical details
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},
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"subject_company": {
"kbo": "0892.162.250",
"name_full": "Raw Materials"
},
"legal_form_change": {
"new": "Besloten Vennootschap",
"old": "Besloten Vennootschap",
"changed": false
}
}26-04-2023 Registered office moved from Antwerpen to Brussel
- Smallandlaan 35, 2660 Antwerpen → 1000 Brussel, Marnixlaan 13-17
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "1000 Brussel, Marnixlaan 13-17",
"city": "Brussel",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Marnixlaan",
"country": "BE",
"postcode": "1000",
"box_number": null,
"street_number": "13-17",
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"old_address": {
"raw": "Smallandlaan 35, 2660 Antwerpen",
"city": "Antwerpen",
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"postcode": "2660",
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},
"effective_date": "2023-04-21",
"evidence_quote": "3/ de zetel werd verplaatst naar 1000 Brussel, Marnixlaan 13-17.",
"region_changed": true,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": "De zetel wordt verplaatst naar 1000 Brussel, Marnixlaan 13-17.",
"statute_article_number": "2",
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
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},
{
"kind": "zetel_clause_amendment_no_move",
"seat_type": "siege_social",
"new_address": {
"raw": "Smallandlaan 35, 2660 Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Smallandlaan",
"country": "BE",
"postcode": "2660",
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"street_number": "35",
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"old_address": {
"raw": "Smallandlaan 35, 2660 Antwerpen",
"city": "Antwerpen",
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"country": "BE",
"postcode": "2660",
"box_number": null,
"street_number": "35",
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},
"effective_date": "2023-04-21",
"evidence_quote": "1/ de naam van de vennootschap werd gewijzigd in RAW MATERIALS.",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": "De naam van de vennootschap werd gewijzigd in RAW MATERIALS.",
"statute_article_number": "2",
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
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}
],
"notary": {
"name": "Domien DE LELIE",
"firm_city": null,
"firm_name": "Notaris Domien DE LELIE",
"office_city": "Antwerpen",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2023-04-26",
"filing_date": "2023-04-22",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2023-04-21",
"unanimous": true
},
"subject_company": {
"kbo": "0892.162.250",
"name_full": "Raw Materials Recycling",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
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"person_role_at_subject": null
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad"
]
}14-10-2020 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"name_change": {
"new": "",
"old": "",
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},
"seat_change": {
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},
"object_change": {
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},
"subject_company": {
"kbo": "0892.162.250",
"name_full": "Raw Materials Recycling"
},
"legal_form_change": {
"new": "BV",
"old": "SPRL",
"changed": false
}
}18-01-2019 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Harold DECKERS",
"firm_city": null,
"firm_name": "Deckers notarissen",
"office_city": "Antwerpen",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2019-01-18",
"filing_date": "2019-01-16",
"act_kind_objet": "verbatim"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2018-12-28",
"unanimous": true
},
"agm_change": {
"new_schedule": "derde dinsdag van de maand december om 18.00 uur",
"old_schedule": "derde dinsdag van de maand december om 18.00 uur",
"effective_from_year": 2019,
"rule_changes_summary": "De datum van de algemene vergadering wordt bevestigd op de derde dinsdag van december om 18u, zonder wijziging van de oorspronkelijke regel."
},
"detected_kind": "fiscal_year_change",
"other_address": {
"action": "modified",
"purpose": "statutaire_zetel",
"address_new": "Smallandlaan 35, 2660 Hoboken (Antwerpen)",
"address_old": "Smallandlaan 35, 2660 Antwerpen",
"effective_date": "2019-01-16",
"effective_date_is_approximate": false
},
"mandate_renewal": null,
"subject_company": {
"kbo": "0892.162.250",
"name_full": "RAW MATERIALS RECYCLING",
"legal_form": "BVBA"
},
"accounts_deposit": null,
"publication_proxy": {
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},
"co_filed_documents": [
"afschrijving van de akte",
"geco\u00F6rdineerde statuten"
],
"fiscal_year_change": {
"new_end_mm_dd": "30-06",
"old_end_mm_dd": "31-12",
"new_start_mm_dd": "01-07",
"old_start_mm_dd": "01-01",
"first_full_new_year": 2020,
"transition_period_end": "2019-06-30"
},
"liquidation_closure": null,
"officer_designation": null,
"special_procuration": null,
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}10-08-2018 Registered office moved from Berchem to Hoboken
- Uitbreidingstraat 536 postbus 6, 2600 Berchem → Smallandlaan 35, 2660 Hoboken
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Smallandlaan 35, 2660 Hoboken",
"city": "Hoboken",
"region": "vlaams_gewest",
"street": "Smallandlaan",
"country": "BE",
"postcode": "2660",
"box_number": null,
"street_number": "35",
"locality_suffix": null
},
"old_address": {
"raw": "Uitbreidingstraat 536 postbus 6, 2600 Berchem",
"city": "Berchem",
"region": "vlaams_gewest",
"street": "Uitbreidingstraat",
"country": "BE",
"postcode": "2600",
"box_number": "6",
"street_number": "536",
"locality_suffix": null
},
"effective_date": "2018-07-23",
"evidence_quote": "De zaakvoerder heeft beslist om vanaf 23 juli 2018 de maatschappelijke zetel te verplaatsen naar Smallandlaan 35, 2660 Hoboken. Het vorige adres wordt volledig geschrapt.",
"region_changed": false,
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"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "retroactive",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
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}
],
"notary": {
"name": "Amin Mohamed",
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2018-08-10",
"filing_date": "2018-08-01",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "enig_aandeelhouder_schriftelijk",
"date": "2018-08-01",
"unanimous": true
},
"subject_company": {
"kbo": "0892.162.250",
"name_full": "Raw Materials Recycling",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Amin Mohamed",
"org_rep_person_name": null,
"person_role_at_subject": "zaakvoerder"
},
"co_filed_documents": [
"Kopie van de akte",
"Bijlagen bij het Belgisch Staatsblad"
]
}12-10-2017 Patel Sharad appointed as manager
- Patel Sharad, Zaakvoerder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "Patel Sharad",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0892.162.250",
"name_full": "Raw Materials Recycling"
}
}11-02-2011 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"name_change": {
"new": "",
"old": "",
"changed": false
},
"seat_change": {
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},
"object_change": {
"changed": true
},
"subject_company": {
"kbo": "0892.162.250",
"name_full": "Raw Materials Recycling"
},
"legal_form_change": {
"new": "besloten vennootschap met beperkte aansprakelijkheid",
"old": "gewone commanditaire vennootschap",
"changed": true
}
}18-06-2010 HLALOUCH Halid appointed as manager
- HLALOUCH Halid, Zaakvoerder
Technical details
{
"events": [
{
"kind": "director_in",
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"person": {
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}
],
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"act_meta": {
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"subject_company": {
"kbo": "0892.162.250",
"name_full": "RAW MATERIALS BELGIUM"
}
}| Legal nameNL | Raw Materials |