Checked.be
Active
BE 0840.018.416Private limited company (pre-2019)
RUNOCA
Heierveld 19 ·1730 Asse, Belgium· 14 yrs active
Sector: Activities of head offices
(70100)
Conclusion
RUNOCA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.45M and a net result of €70k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 87% of 30893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €1.45M |
| Net result | €70k |
| Better than sector | 87% |
| Active | 14 yrs |
Financial profile
76
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
24
Solvency
93
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2011, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€120k
estimate, not credit advice
Score history
61
2022
64
2023
89
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.67 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.67 (≥ 1.0)
+5
Leverage
Debt/equity 0.12 (< 1.0)
+10
Profitability
ROE 5%
+3
Interest coverage
Interest coverage 46.3× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 16-04-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~5%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 89.1% | 55.9% | |
| Net result | €70k | €27k | |
| Equity | €1.45M | €83k | |
| Gross operating margin | €108k | €54k | |
| Total assets | €1.62M | €186k |
€105k
-1.1%
22-25
€70k
-0.3%
22-25
€76k
-0.3%
22-25
€1.62M
+1.1%
22-25
€1.45M
+5.1%
22-25
€41k
+127.3%
22-25
€27k
+0.1%
22-25
€177k
-23.0%
22-25
€61k
+1.7%
22-25
€116k
-31.6%
22-25
1.67
+28.4%
22-25
1.67
+28.4%
22-25
89.1%
+4.0%
22-25
0.12
-26.7%
22-25
4.8%
-5.2%
22-25
4.3%
-1.4%
22-25
46.28
+47.6%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €105k | €107k | €89k | €75k |
| Net profit | €70k | €70k | €54k | €44k |
| Cash flow | €76k | €77k | €63k | €51k |
| Staff costs | - | - | - | - |
| Income taxes | €27k | €27k | €21k | €18k |
| Dividends | - | - | - | - |
| Total assets | €1.62M | €1.61M | €1.63M | €1.64M |
| Equity | €1.45M | €1.38M | €1.31M | €1.25M |
| Debt | €177k | €230k | €321k | €384k |
| of which ≤ 1y | €61k | €60k | €151k | €144k |
| of which > 1y | €116k | €170k | €170k | €240k |
| Working capital | €41k | €18k | €-72k | €-50k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.67 | 1.30 | 0.53 | 0.66 |
| Quick ratio | 1.67 | 1.30 | 0.53 | 0.66 |
| Working capital ratio | 2.5% | 1.1% | -4.4% | -3.0% |
| Solvency | 89.1% | 85.7% | 80.3% | 76.6% |
| Debt / equity | 0.12 | 0.17 | 0.25 | 0.31 |
| Long-term debt ratio | 0.08 | 0.12 | 0.13 | 0.19 |
| Interest coverage | 46.28 | 31.36 | 19.47 | 11.97 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 4.3% | 4.4% | 3.3% | 2.7% |
| ROE | 4.8% | 5.1% | 4.1% | 3.5% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.62M | €1.61M | €1.63M | €1.64M |
| Fixed assets | 21/28 | €1.52M | €1.53M | €1.55M | €1.54M |
| Tangible fixed assets | 22/27 | €103k | €109k | €129k | €122k |
| Financial fixed assets | 28 | €1.42M | €1.42M | €1.42M | €1.42M |
| Current assets | 29/58 | €101k | €77k | €79k | €94k |
| Amounts receivable within one year | 40/41 | €89k | €69k | €69k | €89k |
| Cash & bank | 54/58 | €12k | €8k | €10k | €6k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.62M | €1.61M | €1.63M | €1.64M |
| Equity | 10/15 | €1.45M | €1.38M | €1.31M | €1.25M |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €1.43M | €1.36M | €1.29M | €1.23M |
| Amounts payable | 17/49 | €177k | €230k | €321k | €384k |
| Amounts payable after one year | 17 | €116k | €170k | €170k | €240k |
| Amounts payable within one year | 42/48 | €61k | €60k | €151k | €144k |
| Trade debts payable within one year | 44 | €5k | €1k | €8k | €3k |
| Income statement | |||||
| Gross operating margin | 9900 | €108k | €108k | €91k | €76k |
| Operating result | 9901 | €99k | €100k | €80k | €69k |
| Financial income | 75 | - | €135 | - | - |
| Financial charges | 65 | €2k | €3k | €5k | €6k |
| Result before taxes | 9903 | €97k | €97k | €76k | €62k |
| Income taxes | 67/77 | €27k | €27k | €21k | €18k |
| Net result for the period | 9904 | €70k | €70k | €54k | €44k |
| Result to be appropriated | 9905 | €70k | €70k | €54k | €44k |
Legal Structure
| NACE primary | Activities of head offices(70100) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 30-09-2011 |
| Status | Active |
| Postal code | 1730 |
Establishment units
RUNOCA
since 20112.203.826.340
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322C0122/00A000 | Flanders | 1,210 m² | 1 · 366 m² | 7.1 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
16-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2022net €70k ▲29.8%
Operating result €100k, net result €70k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 1.30
Current ratio from 0.53 to 1.30; short-term debt falls from €151k to €60k.
07-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Activities of head offices70100
Names & trade names
| Legal nameNL | RUNOCA |
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