RAES MOTOREN
ActiveSummary
RAES MOTOREN has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-184k) and a net result of €-140k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-10
Solvency9▼-12
Growth32=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.88 against 0.97 in 2024; short-term debt: 110.5% and cash: 10% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
-15.7%
Return on assets
-12%
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
2122232425
2021 to 2025 · latest year €-184k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 5 filingsDeviation from the deadline
2025
24 d late
2024
28 d late
2023
13 d early
2022
38 d early
2021
11 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-184k▼ 322%
2024 · €-43k
2021: €10k
2022: €14k
2023: €352
2024: €-43k
2021 → 2025
Total assets
€1.17M▲ 7.3%
2024 · €1.09M
2021: €588k
2022: €640k
2023: €1.27M
2024: €1.09M
2021 → 2025
Net result
€-140k▼ 220%
2024 · €-44k
2021: €65k
2022: €34k
2023: €-14k
2024: €-44k
2021 → 2025
Working capital
€-155k▼ 447%
2024 · €-28k
2021: €33k
2022: €12k
2023: €19k
2024: €-28k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€10k-€14k▲ 36.0%€352▼ 97.5%€-43k€-184k▼ 322%
Operating result€75k-€45k▼ 39.4%€7k▼ 83.5%€-16k€-115k▼ 619%
Net result€65k-€34k▼ 48.4%€-14k€-44k▼ 221%€-140k▼ 220%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €115k in 2025 against €16k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.17M
Fixed assets
€33k ▼ 11.6%
Current assets
€1.14M ▲ 7.9%
Key figures and ratios
EBITDA
€-104k▼
2024 · €-7k
Cash flow
€-128k▼
2024 · €-35k
Solvency
-15.7%▼
2024 · -4.0%
Current ratio
0.88▼
2024 · 0.97
Quick ratio
0.31▼
2024 · 0.36
Debt to equity
-7.36▲
2024 · -26.05
ROA
-12.0%▼
2024 · -4.0%
Interest coverage
-4.92▼
2024 · -0.32
Debt
€1.35M▲
2024 · €1.13M
Debt ≤ 1 year
€1.29M▲
2024 · €1.08M
Income taxes
€4k▼
2024 · €6k
Staff costs
€1.88M▼
2024 · €1.91M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.09M€1.17M▲
Fixed assets21/28€37k€33k▼
Intangible fixed assets21€4k€1k▼
Tangible fixed assets22/27€33k€31k▼
Plant, machinery and equipment23€24k€21k▼
Furniture and vehicles24€9k€11k▲
Financial fixed assets28€162€90▼
Current assets29/58€1.05M€1.14M▲
Stocks and contracts in progress3€666k€740k▲
Stocks30/36€666k€740k▲
Amounts receivable within one year40/41€74k€261k▲
Trade receivables40€74k€255k▲
Other amounts receivable41€0€7k▲
Cash at bank and in hand54/58€312k€117k▼
Deferred charges and accrued income490/1-€17k
Equity and liabilities
Total equity and liabilities10/49€1.09M€1.17M▲
Equity10/15€-43k€-184k▼
Contributions10/11€5k€5k=
Reserves13€9k€9k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€-57k€-198k▼
Amounts payable17/49€1.13M€1.35M▲
Amounts payable within one year42/48€1.08M€1.29M▲
Financial debts43€105k€106k▲
Other loans439€105k€106k▲
Trade debts44€179k€167k▼
Suppliers440/4€179k€167k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€346k€267k▼
Taxes450/3€63k€24k▼
Remuneration and social security454/9€283k€243k▼
Other amounts payable47/48€450k€750k▲
Accrued charges and deferred income492/3€52k€61k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.91M€1.88M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€12k▲
Other operating charges640/8€67k€61k▼
Gross operating margin9900€1.97M€1.84M▼
Operating profit (loss)9901€-16k€-115k▼
Financial income75/76B€167€336▲
Recurring financial income75€167€336▲
Financial charges65/66B€22k€21k▼
Recurring financial charges65€22k€21k▼
Profit (loss) for the period before taxes9903€-38k€-136k▼
Income taxes67/77€6k€4k▼
Profit (loss) for the period9904€-44k€-140k▼
Profit (loss) for the period to be appropriated9905€-44k€-140k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-57k€-198k▼
Profit (loss) brought forward from the previous period14P€-14k€-57k▼
Social balance
Average headcount (FTE)908729.326.0▼
The notes to these accounts (13 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €-140k
Net result drops to €-140k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB 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, Oostende · 1 establishment unit since 2020
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.
Zandvoordestraat 4428400 OostendeGround area
1.4 ha
Building footprint
5,019 m²
Parcel 35026A0439/00G000, Flanders. Linked by address, not a title deed.
1 establishment unit
Raes Motoren
since 20202.310.447.849
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35026A0439/00G000 | Flanders | 1.4 ha | 1 · 5,019 m² | - |
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
2022 · 1 entry · 188 EUR awarded · 188 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 188 EUR | 188 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,494. 110 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
47830Retail sale of motorcycles and motorcycle parts and accessories
77110Renting and leasing of cars and light motor vehicles
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.