Rawda
ActiveSummary
Rawda has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €-7k. Equity is shrinking by ~25.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 41.85 against 22.41 in 2024; short-term debt: 2.4% and cash: 99.8% of total assets), and 2.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
97.6%
Return on assets
-39.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year €-7k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-05-2026, 79 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
79 d early
2024
59 d early
2023
131 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k▼ 28.8%
2024 · €26k
2023: €32khighest in 3 years
2024: €26k▼ -17.8% vs 2023
2025: €19k▼ -28.8% vs 2024lowest in 3 years
2023 → 2025
Total assets
€19k▼ 30.2%
2024 · €27k
2023: €33khighest in 3 years
2024: €27k▼ -17.6% vs 2023
2025: €19k▼ -30.2% vs 2024lowest in 3 years
2023 → 2025
Net result
€-7k▼ 33.2%
2024 · €-6k
2023: €-6k
2024: €-6k▲ +4.3% vs 2023highest in 3 years
2025: €-7k▼ -33.2% vs 2024lowest in 3 years
2023 → 2025
Working capital
€19k▼ 27.2%
2024 · €25k
2023: €30khighest in 3 years
2024: €25k▼ -13.9% vs 2023
2025: €19k▼ -27.2% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€32k-€26k▼ 17.8%€19k▼ 28.8%
2023: €32khighest in 3 years
2024: €26k▼ -17.8% vs 2023
2025: €19k▼ -28.8% vs 2024lowest in 3 years
Operating result€-6k-€-5k▲ 5.9%€-7k▼ 32.9%
2023: €-6k
2024: €-5k▲ +5.9% vs 2023highest in 3 years
2025: €-7k▼ -32.9% vs 2024lowest in 3 years
Net result€-6k-€-6k▲ 4.3%€-7k▼ 33.2%
2023: €-6k
2024: €-6k▲ +4.3% vs 2023highest in 3 years
2025: €-7k▼ -33.2% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €5k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €19k
Equity
€19k ▼ 28.8%
Debt
€454 ▼ 61.8%
Debt's share of the balance-sheet total falls from 4.4% to 2.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-7k▼
2024 · €-4k
Cash flow
€-7k▼
2024 · €-4k
Current ratio
41.85▲
2024 · 22.41
Debt to equity
0.02▼
2024 · 0.05
ROE
-40.5%▼
2024 · -21.6%
ROA
-39.5%▼
2024 · -20.7%
Interest coverage
-28.04▼
2024 · -23.72
Debt ≤ 1 year
€454▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet
Code20242025
Assets
Total assets20/58€27k€19k▼
Fixed assets21/28€570-
Tangible fixed assets22/27€570-
Plant, machinery and equipment23€570-
Current assets29/58€27k€19k▼
Amounts receivable within one year40/41-€44
Other amounts receivable41-€44
Cash at bank and in hand54/58€27k€19k▼
Deferred charges and accrued income490/1€97-
Equity and liabilities
Total equity and liabilities10/49€27k€19k▼
Equity10/15€26k€19k▼
Profit (loss) carried forward14€26k€19k▼
Amounts payable17/49€1k€454▼
Amounts payable within one year42/48€1k€454▼
Current portion of amounts payable after more than one year42-€454
Trade debts44€768-
Suppliers440/4€768-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€570▼
Other operating charges640/8-€163
Gross operating margin9900€-4k€-7k▼
Operating profit (loss)9901€-5k€-7k▼
Financial charges65/66B€166€239▲
Recurring financial charges65€166€239▲
Profit (loss) for the period before taxes9903€-6k€-7k▼
Profit (loss) for the period9904€-6k€-7k▼
Profit (loss) for the period to be appropriated9905€-6k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€19k▼
Profit (loss) brought forward from the previous period14P€32k€26k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €570 | ▼ 62.3% |
| Other operating charges640/8 | - | - | €163 | - |
| Gross operating margin9900 | €-4k | €-4k | €-7k | ▼ 65.3% |
| Operating profit (loss)9901 | €-6k | €-5k | €-7k | ▼ 32.9% |
| Financial charges65/66B | €74 | €166 | €239 | ▲ 43.3% |
| Recurring financial charges65 | €74 | €166 | €239 | ▲ 43.3% |
| Profit (loss) for the period before taxes9903 | €-6k | €-6k | €-7k | ▼ 33.2% |
| Profit (loss) for the period9904 | €-6k | €-6k | €-7k | ▼ 33.2% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €-6k | €-7k | ▼ 33.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €33k | €27k | €19k | ▼ 30.2% |
| Fixed assets21/28 | €2k | €570 | - | - |
| Tangible fixed assets22/27 | €2k | €570 | - | - |
| Plant, machinery and equipment23 | €2k | €570 | - | - |
| Current assets29/58 | €31k | €27k | €19k | ▼ 28.8% |
| Amounts receivable within one year40/41 | - | - | €44 | - |
| Other amounts receivable41 | - | - | €44 | - |
| Cash at bank and in hand54/58 | €31k | €27k | €19k | ▼ 28.7% |
| Deferred charges and accrued income490/1 | - | €97 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €33k | €27k | €19k | ▼ 30.2% |
| Equity10/15 | €32k | €26k | €19k | ▼ 28.8% |
| Profit (loss) carried forward14 | €32k | €26k | €19k | ▼ 28.8% |
| Amounts payable17/49 | €1k | €1k | €454 | ▼ 61.8% |
| Amounts payable within one year42/48 | €1k | €1k | €454 | ▼ 61.8% |
| Current portion of amounts payable after more than one year42 | - | - | €454 | - |
| Trade debts44 | €264 | €768 | - | - |
| Suppliers440/4 | €264 | €768 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €-6k | €-7k | ▼ 33.2% |
| + Depreciation and write-downs630 | €2k | €2k | €570 | ▼ 62.3% |
| Operating cash flow (approximation) | €-4k | €-4k | €-7k | ▼ 68.4% |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | €-4k | €-8k | ▼ 72.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Evere
Ground area
226 m²
Building footprint
183 m²
Volume, LiDAR
1,197 m³
Parcel 21006A0199/00L004, Brussels · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21006A0199/00L004 | Brussels | 226 m² | 1 · 183 m² | 11.8 m · 3 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 formNon-profit association
Founded25-08-2019
Fiscal year end31-12
Contact
E-mail
admin@rawda.tv
Scores and ratios are computed by Checked and are not a credit decision.