VANRAES ALBERT
ActiveVANRAES ALBERT has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-23k) and a net result of €-44k. Equity is shrinking by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 9% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency67▼-3
Growth32=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 5.53 against 1.6 in 2024), but equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
-21.4%
Return on assets
-41.9%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€23k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
12 d early
2022
29 d late
2021
16 d early
2020
15 d early
2019
70 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-23k
2024 · €22k
2018: €104k
2019: €96k
2020: €97k
2021: €89k
2022: €88k
2023: €53k
2024: €22k
2018 → 2025
Total assets
€106k▲ 74.5%
2024 · €61k
2018: €215k
2019: €206k
2020: €205k
2021: €100k
2022: €95k
2023: €93k
2024: €61k
2018 → 2025
Net result
€-44k▼ 40.8%
2024 · €-31k
2018: €1k
2019: €-8k
2020: €855
2021: €-7k
2022: €-2k
2023: €-34k
2024: €-31k
2018 → 2025
Working capital
€60k▲ 169%
2024 · €22k
2018: €101k
2019: €93k
2020: €95k
2021: €90k
2022: €89k
2023: €55k
2024: €22k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€89k-€88k▼ 1.9%€53k▼ 39.3%€22k▼ 59.1%€-23k
Operating result€-8k-€-2k▲ 69.7%€-35k▼ 1,342%€-30k▲ 13.6%€-44k▼ 44.0%
Net result€-7k-€-2k▲ 75.8%€-34k▼ 1,879%€-31k▲ 8.7%€-44k▼ 40.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €44k in 2025 against €30k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106k
Fixed assets
€33k▲ 2,033%
Current assets
€73k▲ 23.8%
Key figures and ratios
EBITDA
€-41k▼
2024 · €-30k
Cash flow
€-41k▼
2024 · €-31k
Solvency
-21.4%▼
2024 · 35.9%
Current ratio
5.53▲
2024 · 1.60
Quick ratio
1.26▲
2024 · 0.37
Debt / equity
-5.68▼
2024 · 1.78
ROE
196.4%▲
2024 · -144.7%
ROA
-41.9%▲
2024 · -52.0%
Interest coverage
-60.31▼
2024 · -26.23
Debt
€128k▲
2024 · €39k
Debt ≤ 1 year
€13k▼
2024 · €37k
Debt > 1 year
€113k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€61k€106k▲
Fixed assets21/28€2k€33k▲
Intangible fixed assets21-€1k
Tangible fixed assets22/27€2k€32k▲
Land and buildings22-€28k
Furniture and vehicles24€2k€4k▲
Current assets29/58€59k€73k▲
Stocks and contracts in progress3€45k€56k▲
Stocks30/36€45k€56k▲
Amounts receivable within one year40/41€12k€14k▲
Trade receivables40€595€3k▲
Other amounts receivable41€11k€11k▲
Cash at bank and in hand54/58€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€61k€106k▲
Equity10/15€22k€-23k▼
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€9k€9k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€317€317=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-62k€-107k▼
Amounts payable17/49€39k€128k▲
Amounts payable after more than one year17-€113k
Financial debts170/4-€113k
Amounts payable within one year42/48€37k€13k▼
Trade debts44€1k€10k▲
Suppliers440/4€1k€10k▲
Advances received on contracts in progress46€2k-
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Other amounts payable47/48€31k-
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€204€3k▲
Other operating charges640/8€528€594▲
Non-recurring operating charges66A-€854
Gross operating margin9900€-30k€-39k▼
Operating profit (loss)9901€-30k€-44k▼
Financial income75/76B€44€89▲
Recurring financial income75€44€89▲
Financial charges65/66B€1k€673▼
Recurring financial charges65€1k€673▼
Profit (loss) for the period before taxes9903€-31k€-44k▼
Profit (loss) for the period9904€-31k€-44k▼
Profit (loss) for the period to be appropriated9905€-31k€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-62k€-107k▼
Profit (loss) brought forward from the previous period14P€-31k€-62k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 5.53
Current ratio from 1.60 to 5.53; short-term debt falls from €37k to €13k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 6current ratio 10.98
Current ratio from 1.89 to 10.98; short-term debt falls from €107k to €9k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €855
Net result €855 after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are 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, Maldegem · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gentse Steenweg 2299990 MaldegemGround area
2,177 m²
Building footprint
1,517 m²
Volume, LiDAR
8,743 m³
2 parcels, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SUPERBEHANG VANRAES ALBERT
since 19912.055.356.259
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43001B0421/00Y003 | Flanders | 1,464 m² | 1 · 1,107 m² | 7.0 m · 2 fl. |
| 43010C0001/00A004 | Flanders | 712 m² | 1 · 409 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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WEDOENDA!
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SO COSY
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Of 3,233 companies in sector 47781 we hold annual accounts for 741. 380 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-11-1991
Fiscal year end31-12
Activities, NACEBEL
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47990Retail trade
47559Retail sale of other household articles
47599Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.