RAZ
ActiveSummary
The computed 12-month bankruptcy probability of RAZ is 2.2% (moderate). The annual accounts of RAZ for fiscal year 2025 show a net loss of 71% of total assets and of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €15,557 and a net result of -€20,310. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 70% of 1532 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency80▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days 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 tight (current ratio 1.22 against 2.96 in 2024; short-term debt: 45.5% and cash: 37.5% of total assets), and 45.5% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more 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 2025Solvency, return and age of the figures
Solvency
54.5%
Return on assets
-71.2%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
29 d early
2024
13 d early
2023
7 d early
2022
7 d early
2021
7 d early
2020
31 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 5 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€15,557▼ 56.6%
2024 · €35,866
Total assets
€28,536▼ 52.7%
2024 · €60,324
Net result
-€20,310
2024 · €22,069
Working capital
€2,842▼ 92.9%
2024 · €39,966
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
Line20212022202320242025
Operating result€1,347▼ 83.8%€8,979▲ 567%€3,519▼ 60.8%€37,483▲ 965%-€19,318
Net result-€514€6,014€849▼ 85.9%€22,069▲ 2,501%-€20,310
Equity€6,934▼ 32.7%€12,948▲ 86.7%€13,797▲ 6.6%€35,866▲ 160%€15,557▼ 56.6%
Total assets€21,211▲ 5.5%€29,841▲ 40.7%€24,514▼ 17.9%€60,324▲ 146%€28,536▼ 52.7%
Debt€14,276▲ 45.7%€16,893▲ 18.3%€10,717▼ 36.6%€24,458▲ 128%€12,979▼ 46.9%
Working capital€11,034▼ 23.4%€17,048▲ 54.5%€17,897▲ 5.0%€39,966▲ 123%€2,842▼ 92.9%
Staff (FTE)1.31.7▲ 30.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €19,318 after €37,483 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28,536
Fixed assets
€12,715
Current assets
€15,821
Equity and liabilities €28,536
Equity
€15,557 ▼ 56.6%
Debt
€12,979 ▼ 46.9%
Debt's share of the balance-sheet total rises from 40.5% to 45.5%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.22▼
2024 · 2.96
Debt to equity
0.83▲
2024 · 0.68
ROE
-130.6%▼
2024 · 61.5%
ROA
-71.2%▼
2024 · 36.6%
Debt ≤ 1 year
€12,979▼
2024 · €20,358
Staff costs
€6,770▼
2024 · €45,591
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,595 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.3%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.
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%.
| 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 3,595 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €35,493 | €51,470 | €68,398 | €45,591 | €6,770 | ▼ 85.2% |
| Other operating charges640/8 | €6,142 | €102 | €421 | €236 | €240 | ▲ 1.7% |
| Non-recurring operating charges66A | - | - | €20,791 | €10,535 | €3,025 | ▼ 71.3% |
| Gross operating margin9900 | €42,982 | €60,552 | €93,130 | €93,845 | -€9,283 | ▼ 110% |
| Operating profit (loss)9901 | €1,347 | €8,979 | €3,519 | €37,483 | -€19,318 | ▼ 152% |
| Financial income75/76B | €2 | - | - | €1 | - | - |
| Recurring financial income75 | €2 | - | - | €1 | - | - |
| Financial charges65/66B | €1,863 | €1,669 | €1,161 | €958 | €992 | ▲ 3.5% |
| Recurring financial charges65 | €1,863 | €1,669 | €1,161 | €958 | €992 | ▲ 3.5% |
| Profit (loss) for the period before taxes9903 | -€514 | €7,311 | €2,358 | €36,525 | -€20,310 | ▼ 156% |
| Income taxes67/77 | - | €1,297 | €1,509 | €14,456 | - | - |
| Profit (loss) for the period9904 | -€514 | €6,014 | €849 | €22,069 | -€20,310 | ▼ 192% |
| Profit (loss) for the period to be appropriated9905 | -€514 | €6,014 | €849 | €22,069 | -€20,310 | ▼ 192% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,211 | €29,841 | €24,514 | €60,324 | €28,536 | ▼ 52.7% |
| Fixed assets21/28 | - | - | - | - | €12,715 | - |
| Tangible fixed assets22/27 | - | - | - | - | €12,715 | - |
| Furniture and vehicles24 | - | - | - | - | €12,715 | - |
| Current assets29/58 | €21,211 | €29,841 | €24,514 | €60,324 | €15,821 | ▼ 73.8% |
| Amounts receivable within one year40/41 | €13,644 | €25,192 | €23,981 | €58,675 | €4,111 | ▼ 93.0% |
| Trade receivables40 | €11,091 | €19,824 | €17,681 | €46,793 | - | - |
| Other amounts receivable41 | €2,553 | €5,369 | €6,300 | €11,883 | €4,111 | ▼ 65.4% |
| Cash at bank and in hand54/58 | €7,567 | €4,649 | €533 | €1,649 | €10,711 | ▲ 550% |
| Deferred charges and accrued income490/1 | - | - | - | - | €999 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,211 | €29,841 | €24,514 | €60,324 | €28,536 | ▼ 52.7% |
| Equity10/15 | €6,934 | €12,948 | €13,797 | €35,866 | €15,557 | ▼ 56.6% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | - | €11,797 | €33,866 | €33,866 | = |
| Distributable reserves133 | - | - | €11,797 | €33,866 | €33,866 | = |
| Profit (loss) carried forward14 | €4,934 | €10,948 | - | - | -€20,310 | - |
| Amounts payable17/49 | €14,276 | €16,893 | €10,717 | €24,458 | €12,979 | ▼ 46.9% |
| Amounts payable after more than one year17 | €4,100 | €4,100 | €4,100 | €4,100 | - | - |
| Other amounts payable178/9 | €4,100 | €4,100 | €4,100 | €4,100 | - | - |
| Amounts payable within one year42/48 | €10,176 | €12,793 | €6,617 | €20,358 | €12,979 | ▼ 36.2% |
| Trade debts44 | €6,144 | €7,492 | €985 | €2,739 | €883 | ▼ 67.7% |
| Suppliers440/4 | €6,144 | €7,492 | €985 | €2,739 | €883 | ▼ 67.7% |
| Taxes, remuneration and social security45 | €4,032 | €5,301 | €5,632 | €17,619 | €12,096 | ▼ 31.3% |
| Taxes450/3 | - | €352 | €1,260 | €13,282 | €12,096 | ▼ 8.9% |
| Remuneration and social security454/9 | €4,032 | €4,949 | €4,372 | €4,337 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€514 | €6,014 | €849 | €22,069 | -€20,310 | ▼ 192% |
| Operating cash flow (approximation) | -€514 | €6,014 | €849 | €22,069 | -€20,310 | ▼ 192% |
| Change in cash | - | -€2,918 | -€4,116 | €1,116 | €9,063 | ▲ 712% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€20,310
Net result drops to -€20,310, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €22,069 ▲2,501%
Operating result €37,483, net result €22,069, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €6,014
Net result €6,014 after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Antwerpen · 1 establishment unit since 2020
Ground area
263 m²
Building footprint
97 m²
Volume, LiDAR
486 m³
Parcel 11344A0432/00X000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RAZ
since 20202.297.691.557
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11344A0432/00X000 | Flanders | 263 m² | 1 · 97 m² | 7.1 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 5,176 EUR awarded · 5,176 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,663 EUR | 2,663 EUR |
| 2023 | 1 | 2,513 EUR | 2,513 EUR |
Schemes
Similar companies · same sector, comparable size
BLC PARTNERS
BE 1014.940.989
Brussel · Eq €15,249
STAPP.IN
BE 1001.573.993
Hasselt · Eq €15,881
CARECO
BE 0833.595.234
Anzegem · Eq €16,108
MCH & CO
BE 0800.787.755
Asse · Eq €16,171
TOP LIMOUSINE
BE 0668.498.363
Kortenberg · Eq €16,172
Of 1,446 companies in sector 77110 we hold annual accounts for 727. 374 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
Founded07-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
77110Renting and leasing of cars and light motor vehicles
47252Retail sale of beverages, general range
47784Retail sale of souvenirs and religious articles
47811Retail sale of cars and light vans (up to 3.5 tonnes)
49330On-demand passenger transport by chauffeured vehicle
49410Freight transport by road
53200Other postal and courier activities
92000Gambling and betting activities
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0740827701
Also
9925:BE0740827701
Registered
09-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.