Financials
- Financial year
- 2025
- Total assets
- €427,005
- Profit
- €8,780
- Solvency
- 2.8%
WHITE RAVEN RE
ActiveSummary
WHITE RAVEN RE has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,780 and a net result of €8,780. Its solvency ranks better than 24% of 16,729 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Buying and selling of own real estate
NACE 68110
1 site
Size
€427,005total assets 2025
- Equity
- €11,780
- Profit
- €8,780
Turnover not published (micro format)
Structure
Accounts filed 20 days late0 of 1 deed read
Why 92raises riskEquity €11,780 (2.8% of total assets)lowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 12.53, cash €117,069Size: total assets €427,005Show the evidence
Checked score
Score 2025
92
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 48% of its sector peers (NACE 68, micro)
Financial strength
Average
Solvency
28
equity 2.8% of total assets
Liquidity
84
short-term debt 7.8% · cash 27.4%
Profitability
38
return on assets 2.1%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 0.7%
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.8%▲ +0.1 percentage points vs 01-2026
03-2026: 0.9%▲ +0.1 percentage points vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 1.0%▲ +0.1 percentage points vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026highest value
07-2026: 0.9%▼ -0.1 percentage points vs 06-2026
08-2026: 0.9%● unchanged vs 07-2026
09-2026: 0.1%▼ -0.8 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity ample (current ratio 12.53; short-term debt: 7.8% and cash: 27.4% of total assets), but 97.2% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 23% on solvency, 88% on liquidity and 34% on profitability.
The bankruptcy probability was computed on 12-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 16729 sector peers (2025).
NBB · sector comparisonPosition among 16729 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 1 filingDeviation from the deadline
2025
20 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
Key points
By topic
Timeline
- Events
- 1
- Since
- 2026
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Buying and selling of own real estateNACE 68110
- Founded
- 01-10-2024
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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