RAAMEXPRES
ActiveRAAMEXPRES has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.53M and a net result of €-471k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 42% of 272 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-37
Solvency59▼-14
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.78 in 2024; short-term debt: 39.4% and cash: 3.9% of total assets), and 66.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.9%
Return on assets
-10.4%
Age of the figures
9 mo
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
29 d early
2023
1 d early
2022
11 d early
2021
16 d early
2020
18 d early
2019
9 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.53M▼ 23.5%
2024 · €2.00M
2018: €1.52M
2019: €1.58M
2020: €1.69M
2021: €1.78M
2022: €1.82M
2023: €1.97M
2024: €2.00M
2018 → 2025
Total assets
€4.53M▲ 9.3%
2024 · €4.14M
2018: €2.84M
2019: €3.11M
2020: €2.98M
2021: €3.05M
2022: €3.63M
2023: €3.13M
2024: €4.14M
2018 → 2025
Net result
€-471k
2024 · €32k
2018: €-10k
2019: €61k
2020: €111k
2021: €89k
2022: €36k
2023: €155k
2024: €32k
2018 → 2025
Working capital
€442k▼ 59.7%
2024 · €1.10M
2018: €927k
2019: €1.15M
2020: €1.21M
2021: €1.28M
2022: €1.17M
2023: €1.28M
2024: €1.10M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.78M-€1.82M▲ 2.0%€1.97M▲ 8.5%€2.00M▲ 1.6%€1.53M▼ 23.5%
Operating result€114k-€56k▼ 50.9%€207k▲ 271%€80k▼ 61.4%€-378k
Net result€89k-€36k▼ 60.2%€155k▲ 334%€32k▼ 79.6%€-471k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €378k after €80k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.53M
Fixed assets
€2.30M▲ 39.7%
Current assets
€2.23M▼ 10.7%
Equity and liabilities €4.53M
Equity
€1.53M▼ 23.5%
Provisions
€182k=
Debt
€2.81M▲ 43.9%
The debt ratio rises from 47.2% to 62.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-168k▼
2024 · €204k
Cash flow
€-261k▼
2024 · €156k
Solvency
33.9%▼
2024 · 48.4%
Current ratio
1.25▼
2024 · 1.78
Quick ratio
0.59▼
2024 · 0.77
Debt / equity
1.83▲
2024 · 0.97
ROE
-30.7%▼
2024 · 1.6%
ROA
-10.4%▼
2024 · 0.8%
Interest coverage
-1.51▼
2024 · 2.78
Debt
€2.81M▲
2024 · €1.95M
Debt ≤ 1 year
€1.78M▲
2024 · €1.40M
Debt > 1 year
€1.03M▲
2024 · €555k
Income taxes
€385▼
2024 · €3k
Staff costs
€1.81M▲
2024 · €1.60M
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€4.14M€4.53M▲
Fixed assets21/28€1.65M€2.30M▲
Intangible fixed assets21€3k€0▼
Tangible fixed assets22/27€1.64M€2.30M▲
Land and buildings22€646k€757k▲
Plant, machinery and equipment23€936k€1.50M▲
Furniture and vehicles24€61k€43k▼
Current assets29/58€2.49M€2.23M▼
Stocks and contracts in progress3€1.41M€1.18M▼
Stocks30/36€1.41M€1.18M▼
Amounts receivable within one year40/41€1.03M€862k▼
Trade receivables40€736k€528k▼
Other amounts receivable41€294k€333k▲
Cash at bank and in hand54/58€36k€178k▲
Deferred charges and accrued income490/1€14k€10k▼
Equity and liabilities
Total equity and liabilities10/49€4.14M€4.53M▲
Equity10/15€2.00M€1.53M▼
Contributions10/11€300k€300k=
Capital10€300k€300k=
Issued capital100€300k€300k=
Revaluation surpluses12€358k€358k=
Reserves13€1.35M€875k▼
Non-distributable reserves130/1€30k€30k=
Legal reserve130€30k€30k=
Reserves not available under the articles1311€53€53=
Tax-exempt reserves132€42k€42k=
Distributable reserves133€1.27M€803k▼
Provisions and deferred taxes16€182k€182k=
Provisions for liabilities and charges160/5€182k€182k=
Pensions and similar obligations160€182k€182k=
Amounts payable17/49€1.95M€2.81M▲
Amounts payable after more than one year17€555k€1.03M▲
Financial debts170/4€555k€1.03M▲
Amounts payable within one year42/48€1.40M€1.78M▲
Current portion of amounts payable after more than one year42€219k€239k▲
Financial debts43€453k€400k▼
Credit institutions430/8€453k€400k▼
Trade debts44€536k€651k▲
Suppliers440/4€536k€651k▲
Taxes, remuneration and social security45€188k€203k▲
Taxes450/3€62k€57k▼
Remuneration and social security454/9€127k€146k▲
Other amounts payable47/48-€290k
Accrued charges and deferred income492/3€516€517▲
Income statement
Code20242025
Non-recurring operating income76A€3k€0▼
Remuneration, social security and pensions62€1.60M€1.81M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€124k€210k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€-19k▼
Other operating charges640/8€50k€49k▼
Gross operating margin9900€1.86M€1.68M▼
Operating profit (loss)9901€80k€-378k▼
Financial income75/76B€28k€19k▼
Recurring financial income75€28k€19k▼
Financial charges65/66B€73k€111k▲
Recurring financial charges65€73k€111k▲
Profit (loss) for the period before taxes9903€34k€-470k▼
Income taxes67/77€3k€385▼
Profit (loss) for the period9904€32k€-471k▼
Profit (loss) for the period to be appropriated9905€32k€-471k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€-471k▼
Transfer from equity791/2-€471k
Transfer to equity691/2€32k€0▼
To other reserves6921€32k€0▼
Social balance
Average headcount (FTE)908733.732.6▼
The notes to these accounts (15 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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-471k ▼1593%
Net result drops to €-471k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €2MEq €2.00M ▲1.6%
6 profitable years in a row build equity to €2.00M.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €155k ▲334%
Operating result €207k, net result €155k, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €61k
Net result €61k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
04-07
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.
Directors · office · real estate
Directors
9 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, Beringen · 1 establishment unit since 1978
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.
Nijverheidsstraat 513580 BeringenGround area
1.2 ha
Building footprint
7,289 m²
Volume, LiDAR
47,243 m³
Parcel 71004A0246/00R000, Flanders · tallest building 46.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nijverheidsstraat 51, 3580 Beringen
since 19782.015.111.355
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71004A0246/00R000 | Flanders | 1.2 ha | 1 · 7,288 m² | 46.4 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 31,224 EUR awarded · 27,933 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,591 EUR | 600 EUR |
| 2024 | 1 | 600 EUR | 600 EUR |
| 2023 | 2 | 27,033 EUR | 26,733 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
5 endedSimilar companies · same sector, comparable size
ART BOIS ETALLE
BE 0441.544.988
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MACHIELS BUILDING SOLUTIONS
BE 0816.885.696
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WELMAC
BE 0821.590.394
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GEBR. HOLVOET GHV.
BE 0428.253.713
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HER-WIN
BE 0826.166.420
Couvin · Eq €1.59M
Of 1,600 companies in sector 16230 we hold annual accounts for 782. 353 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-06-1978
Fiscal year end31-12
Activities, NACEBEL
16230Manufacture of other builders' carpentry and joinery
16250Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
20300
46832Wholesale of timber
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.