Deficits
-€19,011 in three years
Every financial year from 2023 to 2025 closed with a deficit. 2025 was the heaviest.
Rawda
Lifetime
3 annual accounts with figures on one time axispeak -€3,949 (2024)
-€6,528▼ €2,579
lowest -€7,500 (2025)
-€7,500▼ €1,871
peak €31,665 (2023)
€18,536▼ 28.8%
€454▼ 61.8%
Board8 names since 2019
6 directorsImane NACHAT and 5 others
Documentsfilings and deeds
13-05-202679 days before the deadline
2025micro format
Gross margin from -€3,949 to -€6,528Loss of €7,5004 directors appointed, 2 resignations, 2 reappointments 18-07Equity from €26,036 to €18,536Debts from €1,189 to €454
Key points
from the 2025 annual accountsLiquidity
41.85 was 22.41 in 2024
Short-term debts fell from €1,189 to €454.
At the same address
11 companies
Turnover not published (micro format)
Checked score
89
Excellent
Financially stronger than 49% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.1%▼ -0.1 percentage points vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026highest value
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
No main activity registered
1 change of registered office in 24 months
lowers risk
Legal form: non-profit association
Size: total assets €18,990
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 95% on liquidity, 4% on profitability and 14% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,591 companies had the same profile as Rawda has now. Each dot stands for 9 companies, two years later.
87.3%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Rawda itself is lower: 0.2% within 12 months. It rests on far more data about Rawda than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,591 companies, not a prediction for Rawda. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 41.85 (22.41 in 2024), above the usual 1.5. Short-term debt is 2.4% and cash 99.8% of total assets. 2.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 -€7,500
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 days early
2024
59 days early
2023
131 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 3 accounts on average 90 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 May (3 of the last 3 accounts filed within 51 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Left the Peppol Directory
Registered office moved from Brussels to Evere
New registered office: 9, Rue Frans Léon à 1140 Evere · Previous registered office: 52, avenue de Stalingrad 1000 bruxelles · Board meeting of 01-01-2026 · Gazette deed
4 directors appointed, 2 resignations, 2 reappointments
Resignations: Zakaria HADDOU and Sara BOUGHANEM · Reappointments: Mohamed Amin CHAIRI and Imane NACHAT · Appointments: Mohamed ABATOYA, Khalil MEKHLOUFI, Elyes Amir-Nafâa BARNAT and Ikram BOUTRIKA · General meeting of 29-06-2025 · Gazette deed
Registered office moved from Evere to Brussels
New registered office: 52, avenue de Stalingrad 1000 bruxelles · Previous registered office: Avenue Jules Bordet 160 Bte 15/16- 1140 Evere · General meeting of 22-11-2022 · Gazette deed
Official details
Source: KBO- Status
- Active since 25-08-2019Normal situation
- Registered office
- 12 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- “Développer toute activité culturelle, économique et sociale en vue de promouvoir et d'encourager l'accès…” (deed in French)From the articles, 4 activitiesNo NACE code in the KBO yet
- Financial year end
- 31 December
- Peppol
- Left the register on 03-11-2026
Annual accounts 2025
- €18,990▼ 30.2%
- Filing
- Filed on 13-05-2026, 79 days before the end of the filing period
Insights on Rawda
Rawda files the micro format. That format states no turnover. The gross margin fell from -€4,294 in 2023 to -€6,528 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Rawda
- What is the company number of Rawda?
- The company number of Rawda is 0732.842.522. The VAT number is the same number with BE in front: BE 0732.842.522.
- Where is Rawda based?
- The registered office is at Frans Léonstraat 9, 1140 Evere.Company details
- What is the legal form of Rawda?
- Rawda is a non-profit association (VZW).
- When was Rawda founded?
- Rawda was founded on 25-08-2019.
- Is Rawda still active?
- Yes, Rawda is an active enterprise in the KBO register.
- What is the turnover of Rawda?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Rawda profitable?
- In financial year 2025, Rawda made a loss of €7,500.
- Where can I find the annual accounts of Rawda?
- Rawda filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Rawda due?
- Rawda must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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