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RAW STADIA

Active
Private limited companyfounded 20197 yrs activeKempische steenweg 303, 3500 Hasselt, BelgiumKBO/BCE: BE 0720.509.169
Summary

The computed 12-month bankruptcy probability of RAW STADIA is 6.2% (elevated). The 2025 annual accounts show negative equity (-€1.5m) and a net result of -€937,634. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 10522 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Risk analysisWatch ReportCompare
RAW STADIAActiveChecked score 33/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200Business consulting NACE 70220Other business support services NACE 82990
1 site
Size
€778,981total assets 2025
Staff
4.9 FTE
Equity
-€1.5m
Loss
-€937,634
Turnover not published (abridged schema)
Financial health
33 Weak Checked score 2025
Bankruptcy chance 12 m
6.2%
Structure
Accounts filed 10 d late0 of 4 deeds read
Why 33- Negative equity -€1.5m- Loss of €937,634, the second in a row (FY 2025)- Ex-officio strike-off in the KBO+ Sector Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
33 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 5% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -195.4% of total assets
Liquidity 24-25
short-term debt 264.7% · cash 19.1%
Profitability 0=
return on assets -120.4%
Bankruptcy probability, 12 months
6.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (47,788 companies)
Last 24 months 11-2024: 5.4%lowest value 12-2024: 7.7%▲ +43.7% vs 11-2024 01-2025: 7.8%▲ +1.2% vs 12-2024highest value 02-2025: 5.6%▼ -28.2% vs 01-2025 03-2025: 5.6%● 0.0% vs 02-2025 04-2025: 5.6%▲ +0.4% vs 03-2025 05-2025: 6.9%▲ +21.9% vs 04-2025 06-2025: 7.0%▲ +2.2% vs 05-2025 07-2025: 6.2%▼ -11.0% vs 06-2025 08-2025: 6.0%▼ -3.3% vs 07-2025 09-2025: 6.1%▲ +0.5% vs 08-2025 10-2025: 7.3%▲ +20.5% vs 09-2025 11-2025: 7.0%▼ -3.7% vs 10-2025 12-2025: 7.0%● 0.0% vs 11-2025 01-2026: 7.0%● 0.0% vs 12-2025 02-2026: 7.0%● 0.0% vs 01-2026 03-2026: 7.0%● 0.0% vs 02-2026 04-2026: 7.0%● 0.0% vs 03-2026 05-2026: 6.7%▼ -4.8% vs 04-2026 06-2026: 6.7%● 0.0% vs 05-2026 07-2026: 6.5%▼ -3.5% vs 06-2026 08-2026: 6.1%▼ -5.1% vs 07-2026 09-2026: 5.5%▼ -9.5% vs 08-2026 10-2026: 6.2%▲ +11.2% vs 09-2026
  • Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
  • Negative equity -€1.5m raises the probability
  • Loss of €937,634, the second in a row (FY 2025) raises the probability
  • Ex-officio strike-off in the KBO raises the probability
No credit on open account
Liquidity short (current ratio 0.32 against 0.66 in 2024; short-term debt: 264.7% and cash: 19.1% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 3%, liquidity 10%, profitability 4%, growth against the median 2%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Sector Activities of head offices; management consultancy activities (NACE 70)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Negative equity -€1.5m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €937,634, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Ex-officio strike-off in the KBO
In the bankruptcy model this factor raises the probability.
KBO publications
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
202122232425
2020 to 2025 · latest year -€1.5m
neutral · Filed after the deadline
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 10-10-2025, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filings
Deviation from the deadline
2025
10 d late
2024
102 d late
2023
26 d late
2022
144 d late
2021
55 d late
2020
139 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 79 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Weakest financial yearnet -€937,634
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€1.5m View
  • Risk: 4 loss-making years in a rowloss fiscal year 2025 -€937,634 View
  • Caution: Result fell in 2025from -€426,450 to -€937,634 ▼ 120% View
  • Caution: Among the weakest 5% on solvencysector median 52.8% · 10,522 companies -195.4% View
  • Flemish supportawarded 2022 - 2025 €50,578 View

By topic

Financials

Fiscal year
2025
Total assets
€778,981
Loss
-€937,634
Solvency
-195.4%
Total assets▼ 7.0%
Net result
20202025
Go to Financials

Timeline

Events
10
Since
2021
  1. 10-10-2025Annual accounts filed
  2. 28-02-2025Weakest financial year
  3. 10-01-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Business and other management consultancyNACE 70200
Founded
08-02-2019
Year ends
28-02
Peppol
Not found in the Peppol directory
Go to Company details

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