RAW SERVICE
ActiveSummary
RAW SERVICE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11k and a net result of €5k. Equity is shrinking by ~33.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 30% of 3540 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-5
Solvency41▲+6
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.69 in 2023; short-term debt: 84.5% and cash: 18.6% of total assets), and 84.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
15.5%
Return on assets
6.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
8 d early
2022
15 d late
2021
16 d late
2020
18 d late
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€11k▲ 73.7%
2023 · €6k
Total assets
€69k▲ 13.0%
2023 · €61k
Net result
€5k▼ 29.0%
2023 · €6k
Working capital
€-16k▲ 7.4%
2023 · €-17k
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
Line20202021202220232024
Operating result€-4k▼ 18.1%€-4k▲ 9.3%€-762▲ 80.1%€6k€4k▼ 30.3%
Net result€-4k▼ 18.0%€-16k▼ 279%€-762▲ 95.3%€6k€5k▼ 29.0%
Equity€17k▼ 20.4%€529▼ 96.8%€-233€6k€11k▲ 73.7%
Total assets€17k▼ 20.4%€529▼ 96.8%€351▼ 33.6%€61k▲ 17,274%€69k▲ 13.0%
Debt€0€584€55k▲ 9,289%€58k▲ 6.2%
Working capital€-233€-17k▼ 7,211%€-16k▲ 7.4%
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 falls in 2024; 2024 is 30% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €69k
Fixed assets
€26k ▲ 14.1%
Current assets
€42k ▲ 12.2%
Equity and liabilities €69k
Equity
€11k ▲ 73.7%
Debt
€58k ▲ 6.2%
Debt's share of the balance-sheet total falls from 89.9% to 84.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14k▲
2023 · €8k
Cash flow
€14k▲
2023 · €8k
Current ratio
0.73▲
2023 · 0.69
Quick ratio
0.26▲
2023 · 0.19
Debt to equity
5.44▼
2023 · 8.90
ROE
42.4%▼
2023 · 103.8%
ROA
6.6%▼
2023 · 10.5%
Interest coverage
308.88▲
2023 · 288.12
Debt ≤ 1 year
€58k▲
2023 · €55k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €2k | €9k | ▲ 418% |
| Other operating charges640/8 | - | €610 | €373 | €843 | €755 | ▼ 10.4% |
| Gross operating margin9900 | €-4k | €-3k | €-389 | €9k | €14k | ▲ 59.0% |
| Operating profit (loss)9901 | €-4k | €-4k | €-762 | €6k | €4k | ▼ 30.3% |
| Financial income75/76B | - | - | - | €2 | €107 | ▲ 5,435% |
| Recurring financial income75 | - | - | - | €2 | €107 | ▲ 5,435% |
| Financial charges65/66B | - | €12k | - | €28 | €44 | ▲ 55.0% |
| Recurring financial charges65 | €42 | €12k | - | €28 | €44 | ▲ 55.0% |
| Profit (loss) for the period before taxes9903 | €-4k | €-16k | €-762 | €6k | €5k | ▼ 29.0% |
| Profit (loss) for the period9904 | €-4k | €-16k | €-762 | €6k | €5k | ▼ 29.0% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €-16k | €-762 | €6k | €5k | ▼ 29.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17k | €529 | €351 | €61k | €69k | ▲ 13.0% |
| Fixed assets21/28 | €12k | €0 | - | €23k | €26k | ▲ 14.1% |
| Tangible fixed assets22/27 | €12k | €0 | - | €23k | €26k | ▲ 14.1% |
| Plant, machinery and equipment23 | - | - | - | €9k | €13k | ▲ 55.1% |
| Furniture and vehicles24 | - | €0 | - | €15k | €13k | ▼ 9.7% |
| Current assets29/58 | €5k | €529 | €351 | €38k | €42k | ▲ 12.2% |
| Stocks and contracts in progress3 | - | - | - | €28k | €28k | = |
| Stocks30/36 | - | - | - | €28k | €28k | = |
| Amounts receivable within one year40/41 | €4k | €178 | - | €5k | €2k | ▼ 52.2% |
| Trade receivables40 | - | - | - | €4k | €2k | ▼ 43.7% |
| Other amounts receivable41 | - | €178 | - | €685 | - | - |
| Cash at bank and in hand54/58 | €139 | €351 | €351 | €6k | €13k | ▲ 120% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17k | €529 | €351 | €61k | €69k | ▲ 13.0% |
| Equity10/15 | €17k | €529 | €-233 | €6k | €11k | ▲ 73.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-2k | €-18k | €-19k | €-12k | €-8k | ▲ 36.5% |
| Amounts payable17/49 | - | €0 | €584 | €55k | €58k | ▲ 6.2% |
| Amounts payable within one year42/48 | - | - | €584 | €55k | €58k | ▲ 6.2% |
| Trade debts44 | - | - | - | €10k | €143 | ▼ 98.6% |
| Suppliers440/4 | - | - | - | €10k | €143 | ▼ 98.6% |
| Taxes, remuneration and social security45 | - | - | - | - | €812 | - |
| Taxes450/3 | - | - | - | - | €812 | - |
| Other amounts payable47/48 | - | - | €584 | €45k | €57k | ▲ 28.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €-16k | €-762 | €6k | €5k | ▼ 29.0% |
| + Depreciation and write-downs630 | - | - | - | €2k | €9k | ▲ 418% |
| Operating cash flow (approximation) | €-4k | €-16k | €-762 | €8k | €14k | ▲ 67.4% |
| Investment in fixed assets (approximation) | - | €12k | - | - | €-12k | - |
| Change in cash | - | €212 | €0 | €5k | €7k | ▲ 28.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after 4 loss-making years.
15-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Oudenaarde · 1 establishment unit since 1991
Ground area
1.5 ha
Building footprint
1,508 m²
Volume, LiDAR
6,775 m³
2 parcels, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RAW SERVICE
since 19912.053.626.887
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018C0230/00C003 | Flanders | 1.3 ha | 1 · 1,251 m² | 6.3 m · 2 fl. |
| 45026A0340/00N003 | Flanders | 1,287 m² | 1 · 257 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,376 companies in sector 95311 we hold annual accounts for 2,961. 1,242 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-06-1991
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
42120Civil engineering
43350Other building finishing work
43990Other specialised construction activities
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95313Repair and fitting of specific motor vehicle parts
95319Other maintenance and repair of motor vehicles
47820Retail sale of motor vehicle parts and accessories
73300Public relations and communication consultancy
82100Office administrative and support services
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.