RACO

Active

Private limited companyfounded 20205 yrs activeJachtlaan 133-135, 1040 Etterbeek, BelgiumKBO/BCE: BE 0754.691.375

The computed 12-month bankruptcy probability of RACO is 3.2% (moderate). The 2025 annual accounts show equity of €14k and a net result of €-6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 43% of 11185 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

37 / 100

Weak▼ -63 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-100

Solvency60▼-37

Growth52▼-26

Stability94

Bankruptcy probability, 12 months

3.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity tight (current ratio 1.36 against 1.99 in 2024), and 67% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

33%

Return on assets

-13.6%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

22 d early

2024

27 d late

2023

30 d late

2022

54 d early

2021

32 d early

← before the deadline after the deadline →

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 months

Position in the running window

13-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€14k▼ 29.2%

2024 · €20k

2021: €1k 2022: €-11k 2023: €4k 2024: €20k

2021 → 2025

Total assets

€43k▲ 19.7%

2024 · €36k

2021: €24k 2022: €13k 2023: €19k 2024: €36k

2021 → 2025

Net result

€-6k

2024 · €16k

2021: €-628 2022: €-12k 2023: €15k 2024: €16k

2021 → 2025

Working capital

€10k▼ 33.4%

2024 · €16k

2021: €791 2022: €-8k 2023: €5k 2024: €16k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€1k-€-11k€4k€20k▲ 396%€14k▼ 29.2%

Operating result€303-€-11k€20k€25k▲ 22.1%€-5k

Net result€-628-€-12k▼ 1,871%€15k€16k▲ 6.5%€-6k

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 €5k after €25k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €43k

91.4%

Fixed assets €4k▼ 14.1%

Current assets €39k▲ 24.3%

Equity and liabilities €43k

33.0%

67.0%

Equity €14k▼ 29.2%

Debt €29k▲ 81.3%

The debt ratio rises from 44.3% to 67.0%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-4k▼

2024 · €25k

Cash flow

€-5k▼

2024 · €17k

Solvency

33.0%▼

2024 · 55.7%

Current ratio

1.36▼

2024 · 1.99

Quick ratio

1.36▼

2024 · 1.99

Debt / equity

2.03▲

2024 · 0.79

ROE

-41.3%▼

2024 · 79.9%

ROA

-13.6%▼

2024 · 44.5%

Interest coverage

-4.88▼

2024 · 23.18

Debt

€29k▲

2024 · €16k

Debt ≤ 1 year

€29k▲

2024 · €16k

Income taxes

€210▼

2024 · €8k

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€36k€43k▲

Fixed assets21/28€4k€4k▼

Tangible fixed assets22/27€2k€1k▼

Plant, machinery and equipment23€2k€1k▼

Financial fixed assets28€3k€3k=

Current assets29/58€32k€39k▲

Amounts receivable within one year40/41€21k€18k▼

Trade receivables40€18k€15k▼

Other amounts receivable41€3k€4k▲

Cash at bank and in hand54/58€11k€19k▲

Deferred charges and accrued income490/1€296€3k▲

Equity and liabilities

Total equity and liabilities10/49€36k€43k▲

Equity10/15€20k€14k▼

Contributions10/11€2k€2k=

Reserves13€16k€16k=

Distributable reserves133€16k€16k=

Profit (loss) carried forward14€2k€-4k▼

Amounts payable17/49€16k€29k▲

Amounts payable within one year42/48€16k€29k▲

Current portion of amounts payable after more than one year42€2k-

Trade debts44€996€17k▲

Suppliers440/4€996€17k▲

Taxes, remuneration and social security45€12k€8k▼

Taxes450/3€11k€8k▼

Remuneration and social security454/9€640€640=

Other amounts payable47/48€1k€4k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€717€611▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1k

Other operating charges640/8€177€386▲

Gross operating margin9900€26k€-3k▼

Operating profit (loss)9901€25k€-5k▼

Financial income75/76B€1-

Recurring financial income75€1-

Non-recurring financial income76B€1-

Financial charges65/66B€1k€862▼

Recurring financial charges65€1k€858▼

Non-recurring financial charges66B€8€4▼

Profit (loss) for the period before taxes9903€24k€-6k▼

Income taxes67/77€8k€210▼

Profit (loss) for the period9904€16k€-6k▼

Profit (loss) for the period to be appropriated9905€16k€-6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€18k€-4k▼

Profit (loss) brought forward from the previous period14P€2k€2k=

Transfer to equity691/2€16k-

To other reserves6921€16k-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 4Gazette 3Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

11-09

State Gazette act General meeting · Director discharge

Director resignation · Director appointment

04-09

State Gazette act General meeting · Director discharge

Director resignation · Director appointment

01-09

State Gazette act General meeting · Director discharge

Director resignation · Director appointment

09-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

27-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 27 days late

2024

31-12

Financial Highest result since 2021net €16k ▲6.5%

Operating result €25k, net result €16k, both a record.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-12

Financial Back to profitnet €15k

Net result €15k after 2 loss-making years.

31-12

Financial Liquidity doublescurrent ratio 1.37

Current ratio from 0.60 to 1.37; short-term debt falls from €20k to €13k.

07-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €-12k

Net result drops to €-12k, the lowest in the series; recovery starts the following year.

29-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Etterbeek · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Jachtlaan 133-1351040 Etterbeek

Ground area

4,423 m²

Building footprint

4,410 m²

Volume, LiDAR

77,851 m³

2 parcels, Brussels · tallest building 26.2 m, ±7 floors. Linked by address, not a title deed.

1 establishment unit

RACO

Kantersteen 10/12, 1000 BrusselPrinting and reproduction of recorded media

since 20202.307.712.944

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21804D1049/00D002 ProtectedMonumentCentraal StationSource ↗	Brussels	4,348 m²	1 · 4,347 m²	26.2 m · 7 fl.
21364B0183/00H003	Brussels	75 m²	1 · 63 m²	17.8 m · 5 fl.