Result
-€4,626 -€4,626
From profit to loss in 2025, after a profit of €63,838 in 2024.
RUNACO
Lifetime
20 annual accounts with figures on one time axis, 29 filings since 1997peak €135,206 (2020)
€185▼ 99.7%
lowest -€41,114 (2023)
-€4,626▼ €68,464
peak €795,475 (2024)
€790,849▼ 0.6%
€101,853▲ 22.9%
Board1 name since 1996
1 directorNadine Ringoot
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €65,183 to €185Loss of €4,626Debts from €82,892 to €101,853Investments €58,083Cash from €22,567 to €7,210
Key points
from the 2025 annual accountsInvestments
€58,083 6.4 × depreciation
Green is investment, beige is depreciation.
Filings
29 annual accounts since 1997
Five of the last ten came late. The 2022 accounts came latest: 32 days after the end of the period.
Checked score
93
Excellent
Financially stronger than 43% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.4%▼ -0.1 percentage points vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 0.3%▼ -0.3 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.1%▼ -0.2 percentage points vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 7.99, cash €7,210, halved
lowers risk
Size: total assets €892,702
Equity €790,849 (88.6% of total assets)
Founded in 1996
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 70, micro). It does better than 86% of them on solvency, 35% on liquidity, 13% on profitability and 38% 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, 8,617 companies had the same profile as RUNACO has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RUNACO itself: 0.1% within 12 months.
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 8,617 companies, not a prediction for RUNACO. 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 €70,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.99 (10.24 in 2024), above the usual 1.5. Short-term debt is 11.4% and cash 0.8% of total assets. 11.4% 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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 days late
2024
on the day
2023
on the day
2022
32 days late
2021
24 days early
2020
31 days late
2019
5 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed 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 1 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
Shares in 1 company, CROWE SPARK ACCOUNTANTS EN BELASTINGADVISEURS BORNEM
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0457439033
Reappointment: Nadine Ringoot (statutory director)
“Voor eigen rekening; Voor rekening van derden; Bij deelneming; Op gelijk welke andere wijze; Juridische…” (deed in Dutch) · General meeting of 20-12-2023 · Gazette deed
First establishment
Puursesteenweg 390AC, Bornem
Incorporation
published on 29-03-1996 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RUNACO Bornem | €0.9m | €185 | 88.6% | - |
| CONSTRUCTIE en CABLAGE MANAGEMENT Mechelen | €0.9m | -€42,326 | 87.7% | 0 |
| TENDRA Zandhoven | €1.0m | -€10,349 | 99.8% | - |
| Azteca en/of Koen Depaemelaere Schoten | €0.8m | -€21,905 | 71.3% | - |
| AFA BEHEER Kapellen | €0.9m | -€4,137 | 9.5% | - |
| DOKTER LUC BELMANS Herentals | €1.1m | -€5,485 | 43.8% | - |
| PROMAN Antwerp | €0.8m | -€1,864 | 16.0% | - |
These companies have the same main activity as RUNACO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €759,000 and €1.1m, founded between 1992 and 1998.
Official details
Source: KBO- Status
- Active since 28-02-1996Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.185.349.1272880 Bornem, since 11-02-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Insights on RUNACO
RUNACO files the micro format. That format states no turnover. The gross margin fell from €22,633 in 2006 to €185 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 RUNACO
- What is the company number of RUNACO?
- The company number of RUNACO is 0457.439.033. The VAT number is the same number with BE in front: BE 0457.439.033.
- Where is RUNACO based?
- The registered office is at Puursesteenweg 390, 2880 Bornem.Company details
- What does RUNACO do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of RUNACO?
- RUNACO is a private limited company (BV).
- When was RUNACO founded?
- RUNACO was founded on 28-02-1996.
- Is RUNACO still active?
- Yes, RUNACO is an active enterprise in the KBO register.
- What is the turnover of RUNACO?
- The turnover in financial year 2025 is ≈ €860. This figure is estimated from the gross margin of €185 and 205 comparable companies (NACE 70200). It probably lies between €420 and €1,700. It is a rough estimate.Financials
- Is RUNACO profitable?
- In financial year 2025, RUNACO made a loss of €4,626.
- Where can I find the annual accounts of RUNACO?
- RUNACO filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RUNACO due?
- RUNACO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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