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RAW S

Active
Private limited companyfounded 20233 yrs activeBouw 8, 1840 Londerzeel, BelgiumKBO/BCE: BE 0795.820.464
Summary

The computed 12-month bankruptcy probability of RAW S is 3.3% (moderate). The annual accounts of RAW S for fiscal year 2025 show a net loss of 72% of the equity at the start of that year. The 2025 annual accounts show equity of €6,267 and a net result of -€16,316. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability17▼-2
Solvency25▼-2
Growth32
Track record94
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.7 against 0.86 in 2024; short-term debt: 99.5% and cash: 7.2% of total assets), and 99.6% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
0.4%
Return on assets
-1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
1 d early
2024
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 2 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

RAW S was incorporated on 6 January 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€6,267▼ 72.2%
2024 · €22,583
Total assets
€1.6m▲ 9.8%
2024 · €1.5m
Net result
-€16,316
2024 · €2,583
Working capital
-€482,174▼ 142%
2024 · -€199,308
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€33,206--€27,764▲ 16.4%
Net result€2,583--€16,316
Equity€22,583-€6,267▼ 72.2%
Total assets€1.5m-€1.6m▲ 9.8%
Debt€1.4m-€1.6m▲ 11.1%
Working capital-€199,308--€482,174▼ 142%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€30,000-€20,000-€10,000€0Operating result 2024: -€33,206-€33,206Net result 2024: €2,583€2,583Operating result 2025: -€27,764-€27,764Net result 2025: -€16,316-€16,31620242025-€40,000-€30,000-€20,000-€10,000€0Operating result 2024: -€33,206-€33,200Net result 2024: €2,583€2,580Operating result 2025: -€27,764-€27,800Net result 2025: -€16,316-€16,30020242025
The operating result stays negative: a loss of €27,764 in 2025 against €33,206 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets €490,022 ▲ 119%
Current assets €1.1m ▼ 9.8%
Equity and liabilities €1.6m
Equity €6,267 ▼ 72.2%
Debt €1.6m ▲ 11.1%
Debt's share of the balance-sheet total rises from 98.5% to 99.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€21,656▲
2024 · -€25,328
Cash flow
-€10,208▼
2024 · €10,461
Current ratio
0.70▼
2024 · 0.86
ROE
-260.3%▼
2024 · 11.4%
ROA
-1.0%▼
2024 · 0.2%
Interest coverage
-134.28▲
2024 · -396.06
Debt ≤ 1 year
€1.6m▲
2024 · €1.4m
A ratio outside any meaningful range has been withheld (balance sheet total €1.6m, equity €6,267).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 865 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
1.3% went bankrupt
1.6% stopped otherwise
97% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 865 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.5m€1.6m▲
Fixed assets21/28€223,509€490,022▲
Tangible fixed assets22/27€223,509€490,022▲
Land and buildings22€223,509€490,022▲
Current assets29/58€1.2m€1.1m▼
Amounts receivable within one year40/41€9,589€3,600▼
Other amounts receivable41€9,589€3,600▼
Current investments50/53€1.1m€1.0m▼
Cash at bank and in hand54/58€132,366€116,473▼
Deferred charges and accrued income490/1€2,594€2,215▼
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.6m▲
Equity10/15€22,583€6,267▼
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14€2,583-€13,733▼
Amounts payable17/49€1.4m€1.6m▲
Amounts payable within one year42/48€1.4m€1.6m▲
Trade debts44-€11,248
Suppliers440/4-€11,248
Other amounts payable47/48€1.4m€1.6m▲
Accrued charges and deferred income492/3€1,618€1,581▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,878€6,108▼
Other operating charges640/8€1,311€1,527▲
Gross operating margin9900-€24,017-€20,129▲
Operating profit (loss)9901-€33,206-€27,764▲
Financial income75/76B€36,498€11,610▼
Recurring financial income75€36,498€11,610▼
Financial charges65/66B€64€161▲
Recurring financial charges65€64€161▲
Profit (loss) for the period before taxes9903€3,229-€16,316▼
Income taxes67/77€646-
Profit (loss) for the period9904€2,583-€16,316▼
Profit (loss) for the period to be appropriated9905€2,583-€16,316▼
Appropriation of the result
Profit (loss) to be appropriated9906€2,583-€13,733▼
Profit (loss) brought forward from the previous period14P-€2,583

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,878€6,108▼ 22.5%
Other operating charges640/8€1,311€1,527▲ 16.5%
Gross operating margin9900-€24,017-€20,129▲ 16.2%
Operating profit (loss)9901-€33,206-€27,764▲ 16.4%
Financial income75/76B€36,498€11,610▼ 68.2%
Recurring financial income75€36,498€11,610▼ 68.2%
Financial charges65/66B€64€161▲ 152%
Recurring financial charges65€64€161▲ 152%
Profit (loss) for the period before taxes9903€3,229-€16,316▼ 605%
Income taxes67/77€646--
Profit (loss) for the period9904€2,583-€16,316▼ 732%
Profit (loss) for the period to be appropriated9905€2,583-€16,316▼ 732%
Line20242025Change
Assets
Total assets20/58€1.5m€1.6m▲ 9.8%
Fixed assets21/28€223,509€490,022▲ 119%
Tangible fixed assets22/27€223,509€490,022▲ 119%
Land and buildings22€223,509€490,022▲ 119%
Current assets29/58€1.2m€1.1m▼ 9.8%
Amounts receivable within one year40/41€9,589€3,600▼ 62.5%
Other amounts receivable41€9,589€3,600▼ 62.5%
Current investments50/53€1.1m€1.0m▼ 9.1%
Cash at bank and in hand54/58€132,366€116,473▼ 12.0%
Deferred charges and accrued income490/1€2,594€2,215▼ 14.6%
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.6m▲ 9.8%
Equity10/15€22,583€6,267▼ 72.2%
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14€2,583-€13,733▼ 632%
Amounts payable17/49€1.4m€1.6m▲ 11.1%
Amounts payable within one year42/48€1.4m€1.6m▲ 11.1%
Trade debts44-€11,248-
Suppliers440/4-€11,248-
Other amounts payable47/48€1.4m€1.6m▲ 10.3%
Accrued charges and deferred income492/3€1,618€1,581▼ 2.3%
Line20242025Change
Profit (loss) for the period9904€2,583-€16,316▼ 732%
+ Depreciation and write-downs630€7,878€6,108▼ 22.5%
Operating cash flow (approximation)€10,461-€10,208▼ 198%
Investment in fixed assets (approximation)--€272,621-
Change in cash--€15,893-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
30-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
29-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Londerzeel · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,697 m²
Building footprint
314 m²
Volume, LiDAR
1,408 m³
Parcel 23080D0620/00F000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
RAW S
Bouw 8, 1840 LonderzeelRenting and operating of own or leased residential real estate, excluding social housing
since 20232.341.024.229
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23080D0620/00F000 Flanders 1,697 m² 1 · 314 m² 7.4 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded06-01-2023
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID 0208:0795820464
Also 9925:BE0795820464
Registered 02-02-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.