VINCENT RAES
ActiveThe computed 12-month bankruptcy probability of VINCENT RAES is 3.5% (moderate). The 2025 annual accounts show negative equity (€-22k) and a net result of €-2k. Equity is shrinking by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 961 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-11
Solvency3▼-7
Growth58=
Track record94
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.42 in 2024; short-term debt: 121.8% and cash: 24.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 52
Relative position
BE, all sectors
reference
Sector 52
higher
← 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
-21.8%
Return on assets
-1.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-22k
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 13-04-2026, 109 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
109 d early
2024
42 d early
2023
35 d early
2022
61 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-22k▼ 9.7%
2024 · €-20k
2022: €-14k
2023: €-29k
2024: €-20k
2022 → 2025
Total assets
€101k▼ 23.6%
2024 · €133k
2022: €39k
2023: €137k
2024: €133k
2022 → 2025
Net result
€-2k
2024 · €9k
2022: €-17k
2023: €-15k
2024: €9k
2022 → 2025
Working capital
€-92k▼ 3.8%
2024 · €-89k
2022: €-40k
2023: €-120k
2024: €-89k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€-14k-€-29k▼ 113%€-20k▲ 30.2%€-22k▼ 9.7%
Operating result€-16k-€-15k▲ 8.8%€9k€-2k
Net result€-17k-€-15k▲ 7.7%€9k€-2k
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 €2k after €9k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101k
Fixed assets
€70k▲ 2.0%
Current assets
€31k▼ 51.3%
Key figures and ratios
EBITDA
€20k▼
2024 · €33k
Cash flow
€20k▼
2024 · €33k
Solvency
-21.8%▼
2024 · -15.2%
Current ratio
0.25▼
2024 · 0.42
Quick ratio
0.24▼
2024 · 0.40
Debt / equity
-5.59▲
2024 · -7.60
ROA
-1.9%▼
2024 · 6.6%
Interest coverage
274.52▼
2024 · 421.23
Debt
€124k▼
2024 · €153k
Debt ≤ 1 year
€124k▼
2024 · €153k
Income taxes
€102▲
2024 · €-4
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€133k€101k▼
Fixed assets21/28€69k€70k▲
Tangible fixed assets22/27€58k€60k▲
Furniture and vehicles24€58k€60k▲
Financial fixed assets28€11k€11k=
Current assets29/58€64k€31k▼
Stocks and contracts in progress3€3k€1k▼
Stocks30/36€3k€1k▼
Amounts receivable within one year40/41€7k€4k▼
Trade receivables40€7k€4k▼
Cash at bank and in hand54/58€53k€25k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€133k€101k▼
Equity10/15€-20k€-22k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-23k€-25k▼
Amounts payable17/49€153k€124k▼
Amounts payable within one year42/48€153k€124k▼
Trade debts44€434€1k▲
Suppliers440/4€434€1k▲
Taxes, remuneration and social security45€776€1k▲
Taxes450/3€776€1k▲
Other amounts payable47/48€152k€121k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€22k▼
Other operating charges640/8€864€2k▲
Gross operating margin9900€34k€22k▼
Operating profit (loss)9901€9k€-2k▼
Financial charges65/66B€79€74▼
Recurring financial charges65€79€74▼
Profit (loss) for the period before taxes9903€9k€-2k▼
Income taxes67/77€-4€102▲
Profit (loss) for the period9904€9k€-2k▼
Profit (loss) for the period to be appropriated9905€9k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€-25k▼
Profit (loss) brought forward from the previous period14P€-32k€-23k▲
The notes to these accounts (6 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
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tournai · 1 establishment unit since 2021
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.
Rue d'Ormont(K) 677540 TournaiGround area
2,140 m²
Building footprint
194 m²
Volume, LiDAR
1,360 m³
Parcel 57042B0258/00F000, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VINCENT RAES
since 20212.323.331.528
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57042B0258/00F000 | Wallonia | 2,140 m² | 1 · 194 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
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.
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 3,191 companies in sector 52250 we hold annual accounts for 1,956.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-2021
Fiscal year end31-12
Activities, NACEBEL
52250Logistics services
52290Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.