Debts
€205,001 99% of the balance sheet
Suppliers 97%Taxes and wages 1%Other 2%
RONAR
Lifetime
10 annual accounts with figures on one time axispeak €62,321 (2023)
€28,038▼ 55.0%
lowest -€23,662 (2022)
-€15,486▼ €24,803
peak €31,472 (2021)
€1,641▼ 90.4%
€205,001▲ 196%
peak 0.5 FTE (2018)
-not published
Board4 names since 2021
1 directorQUADRI Sajid
Documentsfilings and deeds
23-09-202554 days late
2024micro format
Gross margin from €62,321 to €28,038Loss of €15,486Resignation: Islam Rafiqul (director) 20-03Equity from €17,127 to €1,641Debts from €69,212 to €205,001Cash from €1,492 to €13,028
Key points
from the 2024 annual accountsChecked score
46
Fair
Financially stronger than 13% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.0% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.3%
01-2025: 2.3%● unchanged vs 12-2024
02-2025: 2.3%● unchanged vs 01-2025
03-2025: 2.2%▼ -0.1 percentage points vs 02-2025
04-2025: 2.2%● unchanged vs 03-2025
05-2025: 2.1%▼ -0.1 percentage points vs 04-2025
06-2025: 2.1%● unchanged vs 05-2025
07-2025: 2.1%● unchanged vs 06-2025
08-2025: 2.7%▲ +0.6 percentage points vs 07-2025
09-2025: 3.1%▲ +0.4 percentage points vs 08-2025
10-2025: 2.2%▼ -0.9 percentage points vs 09-2025
11-2025: 2.2%● unchanged vs 10-2025
01-2026: 1.8%
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 1.8%● unchanged vs 03-2026
05-2026: 1.7%▼ -0.1 percentage points vs 04-2026
06-2026: 1.7%● unchanged vs 05-2026
07-2026: 1.7%● unchanged vs 06-2026lowest value
08-2026: 2.5%▲ +0.8 percentage points vs 07-2026
09-2026: 2.7%▲ +0.2 percentage points vs 08-2026
10-2026: 4.0%▲ +1.3 percentage points vs 09-2026highest value
11-2026: 4.0%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 24-09-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 54 days late; 2 of the last 3 accounts late
lowers risk
Size: total assets €206,641
Founded in 2014
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 (NACE 47, micro). It does better than 20% of them on solvency, 9% on liquidity, 17% on profitability and 6% 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 1,037 companies had the same profile as RONAR has now. Each dot stands for 3 companies, two years later.
93.7%
were still trading
2.9%
stopped another way
2.9%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of RONAR itself is higher: 4.0% within 12 months. It rests on far more data about RONAR 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 1,037 companies, not a prediction for RONAR. 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
No publishable credit limit, so credit 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 is insufficient, with a current ratio of 0.89 (0.88 in 2023), below 1. Short-term debt is 99.2% and cash 6.3% of total assets. 99.2% 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
Eight signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 25554 sector peers (2024).
NBB · sector comparisonPosition among 25554 sector peers
Solvency
better than 23%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 54 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
54 days late
2023
89 days late
2022
26 days early
2021
123 days late
2020
60 days late
2019
55 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 59 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- Hossain ASM 100 sharesdeed of 12-01-2026
- Quadri Sajiddeed of 12-01-2026
- Uddin Nizamdeed of 12-01-2026
Recent changes
Resignation: Quadri Sajid (director)
Transfer of shares from Quadri Sajid to Hossain ASM · Transfer of shares from Uddin Nizam to Hossain ASM · Appointment: Hossain ASM (director) · General meeting of 18-12-2025 · Gazette deed
Bankruptcy reversal
Enterprise Court of Antwerp, Antwerp division · judgment of 18-12-2025 · Bankruptcy
Bankruptcy published
Enterprise Court of Antwerp, Antwerp division · judgment of 13-11-2025 · Bankruptcy
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0548970213
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RONAR Antwerp | - | - | 0.8% | - |
| EURO SHOP TRADER Uccle | - | - | 24.9% | - |
| ASSINO Anderlecht | €418,645 | 1.5% | 23.4% | - |
| LARA KAAN Molenbeek-Saint-Jean | - | - | 50.3% | - |
| MAZHAR & SONS Sint-Niklaas | - | - | 34.5% | - |
| DAINIK Knokke-Heist | €524,718 | 5.4% | 65.0% | - |
| EVERESTVIEW Ixelles | €553,629 | 3.8% | 15.8% | - |
These companies have the same main activity as RONAR: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €176,000 and €245,000, founded between 2012 and 2015.
Official details
Source: KBO- Status
- Active since 26-03-2014Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110and 2 others
- Joint committee
- 201Independent retail · annual accounts 2023
- Establishment unit
- 2.230.098.1952140 Antwerp, since 01-04-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 29-09-2025
Annual accounts 2024
- ≈ €330,000estimated
- €206,641▲ 139%
- ≈ 0.9 FTEestimated
- Filing
- Filed on 23-09-2025
Insights on RONAR
RONAR files the micro format. That format states no turnover. The gross margin rose from €4,496 in 2015 to €28,038 in 2024.
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 RONAR
- What is the company number of RONAR?
- The company number of RONAR is 0548.970.213. The VAT number is the same number with BE in front: BE 0548.970.213.
- Where is RONAR based?
- The registered office is at Montensstraat 2, 2140 Antwerp.Company details
- What does RONAR do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of RONAR?
- RONAR is a private limited company (BV).
- When was RONAR founded?
- RONAR was founded on 26-03-2014.
- Is RONAR still active?
- Yes, RONAR is an active enterprise in the KBO register.
- How many employees does RONAR have?
- RONAR had an average of 1.2 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does RONAR fall under?
- In its 2023 annual accounts, RONAR states joint committee 201 (Independent retail).
- What is the turnover of RONAR?
- The turnover in financial year 2024 is ≈ €330,000. This figure is estimated from the gross margin of €28,038 and 168 comparable companies (NACE 47110). It probably lies between €220,000 and €500,000.
- Is RONAR profitable?
- In financial year 2024, RONAR made a loss of €15,486.
- Where can I find the annual accounts of RONAR?
- RONAR filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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