Checked.be
Active
BE 0419.238.750Private limited company
Ral
Schrieksebaan 110 ·3140 Keerbergen, Belgium· 47 yrs active
Sector: Freight transport by road
(49410)
Conclusion
Ral has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €170k and a net result of €69k. Equity is growing by ~29% per year across the filed fiscal years. Its solvency ranks better than 95% of 33 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €170k |
| Net result | €69k |
| Better than sector | 95% |
| Active | 47 yrs |
Financial profile
96
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
100
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1979, 47 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€17k
estimate, not credit advice
Score history
66
2022
100
2023
100
2024
100
2025
100
2026
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 46780.71 (≥ 1.5)
+10
Quick ratio
Quick ratio 46780.71 (≥ 1.0)
+5
Leverage
Debt/equity 0.00 (< 1.0)
+10
Profitability
ROE 41% (≥ 10%)
+10
Interest coverage
Interest coverage 196.2× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2026. Indicative, not credit advice.
Financial overview
Annual accounts filed on 22-07-2026 with the NBB · fiscal year 2026 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~29%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2026 · NACE 49, Land transport and transport via pipelines · compared across all schema types (micro, abbreviated and full combined)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 100.0% | 42.4% | |
| Net result | €69k | €21k | |
| Equity | €170k | €84k | |
| Gross operating margin | €109k | €68k | |
| Total assets | €170k | €288k |
€101k
+201.2%
22-26
€69k
+198.7%
22-26
€69k
+177.2%
22-26
€170k
+35.4%
22-26
€170k
+68.2%
22-26
€170k
+75.2%
22-26
€356
-49.4%
22-26
€32k
+280.1%
22-26
€4
-100.0%
22-26
€4
-100.0%
22-26
€0
-100.0%
22-26
46780.71
+941120.7%
22-26
46780.71
+941120.7%
22-26
100.0%
+24.2%
22-26
0.00
-100.0%
22-26
40.5%
+77.6%
22-26
40.5%
+120.6%
22-26
196.20
+143.7%
22-26
Figures by fiscal year and ratios
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €101k | €34k | €19k | €39k | €22k |
| Net profit | €69k | €23k | €17k | €7k | €-11k |
| Cash flow | €69k | €25k | €17k | €37k | €19k |
| Staff costs | €356 | €703 | €705 | €704 | €348 |
| Income taxes | €32k | €8k | €1k | €140 | €127 |
| Dividends | - | - | - | - | - |
| Total assets | €170k | €125k | €95k | €96k | €111k |
| Equity | €170k | €101k | €78k | €61k | €54k |
| Debt | €4 | €24k | €17k | €35k | €57k |
| of which ≤ 1y | €4 | €24k | €17k | €35k | €36k |
| of which > 1y | - | - | - | €0 | €21k |
| Working capital | €170k | €97k | €72k | €57k | €40k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| Current ratio | 46780.71 | 4.97 | 5.30 | 2.63 | 2.12 |
| Quick ratio | 46780.71 | 4.97 | 5.30 | 2.63 | 2.12 |
| Working capital ratio | 100.0% | 77.3% | 76.1% | 59.0% | 36.4% |
| Solvency | 100.0% | 80.5% | 82.3% | 63.8% | 48.7% |
| Debt / equity | 0.00 | 0.24 | 0.22 | 0.57 | 1.05 |
| Long-term debt ratio | - | - | - | 0.00 | 0.38 |
| Interest coverage | 196.20 | 80.52 | 18.63 | 21.61 | 8.75 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 40.5% | 18.4% | 17.8% | 7.4% | -9.8% |
| ROE | 40.5% | 22.8% | 21.6% | 11.6% | -20.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2026
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €170k | €125k | €95k | €96k | €111k |
| Fixed assets | 21/28 | €0 | €4k | €6k | €5k | €34k |
| Tangible fixed assets | 22/27 | €0 | €4k | €6k | €4k | €34k |
| Financial fixed assets | 28 | €0 | €50 | €50 | €550 | €550 |
| Current assets | 29/58 | €170k | €121k | €89k | €91k | €76k |
| Amounts receivable within one year | 40/41 | €662 | €10k | €20k | €23k | €24k |
| Cash & bank | 54/58 | €169k | €106k | €64k | €63k | €45k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €170k | €125k | €95k | €96k | €111k |
| Equity | 10/15 | €170k | €101k | €78k | €61k | €54k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €151k | €82k | €59k | €49k | €51k |
| Accumulated profits (losses) | 14 | - | - | €0 | €-7k | €-16k |
| Amounts payable | 17/49 | €4 | €24k | €17k | €35k | €57k |
| Amounts payable after one year | 17 | - | - | - | €0 | €21k |
| Amounts payable within one year | 42/48 | €4 | €24k | €17k | €35k | €36k |
| Trade debts payable within one year | 44 | €4 | €2k | €4k | €5k | €5k |
| Income statement | ||||||
| Gross operating margin | 9900 | €109k | €47k | €39k | €49k | €31k |
| Operating result | 9901 | €101k | €32k | €19k | €9k | €-8k |
| Financial income | 75 | €0 | €32 | €32 | €265 | €0 |
| Financial charges | 65 | €515 | €417 | €1k | €2k | €3k |
| Result before taxes | 9903 | €101k | €31k | €18k | €7k | €-11k |
| Income taxes | 67/77 | €32k | €8k | €1k | €140 | €127 |
| Net result for the period | 9904 | €69k | €23k | €17k | €7k | €-11k |
| Result to be appropriated | 9905 | €69k | €23k | €17k | €7k | €-11k |
Legal Structure
| NACE primary | Freight transport by road(49410) |
| Legal form | Private limited company(610) |
| Incorporation | 27-01-1979 |
| Status | Active |
| Postal code | 3140 |
Establishment units
Schrieksebaan 110, 3140 Keerbergen
since 19992.131.295.183
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24048D0258/00K000 | Flanders | 2,535 m² | 1 · 174 m² | 8.2 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2027, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
30-06
Financial
Highest result since 2022net €69k ▲199%
Operating result €101k, net result €69k, both a record.
30-06
Financial
Liquidity times 9412current ratio 46780.71
Current ratio from 4.97 to 46780.71; short-term debt falls from €24k to €4.
30-06
Financial
Equity above €150kEq €170k ▲68.2%
4 profitable years in a row build equity to €170k.
2025
08-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Equity above €100kEq €101k ▲29.6%
3 profitable years in a row build equity to €101k.
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 5.30
Current ratio from 2.63 to 5.30; short-term debt falls from €35k to €17k.
2023
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
2022
07-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
02-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Freight transport by road49410
Names & trade names
| Legal nameNL | Ral |
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