RALCO
ActiveRALCO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €200k and a net result of €-34k. Equity is shrinking by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 45% of 2029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▼-59
Solvency64▼-36
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.6 against 4.53 in 2024; short-term debt: 59.7% and cash: 18.9% of total assets), but 60.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
42 d early
2023
47 d early
2022
55 d early
2021
44 d early
2020
23 d early
2019
7 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-34k
2024 · €773
2018: €7k
2019: €25k
2020: €38k
2021: €28k
2022: €37k
2023: €33k
2024: €773
2018 → 2025
Working capital
€182k▼ 14.0%
2024 · €212k
2018: €222k
2019: €211k
2020: €156k
2021: €196k
2022: €140k
2023: €197k
2024: €212k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€254k-€201k▼ 21.0%€234k▲ 16.6%€235k▲ 0.3%€200k▼ 14.6%
Operating result€25k-€37k▲ 44.2%€37k▲ 1.5%€-8k€-38k▼ 387%
Net result€28k-€37k▲ 30.9%€33k▼ 9.2%€773▼ 97.7%€-34k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38k in 2025 against €8k 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 €508k
Fixed assets
€23k▼ 2.4%
Current assets
€485k▲ 78.7%
Equity and liabilities €508k
Equity
€200k▼ 14.6%
Debt
€308k▲ 410%
The debt ratio rises from 20.5% to 60.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-25k▼
2024 · €8k
Cash flow
€-21k▼
2024 · €17k
Solvency
39.4%▼
2024 · 79.5%
Current ratio
1.60▼
2024 · 4.53
Quick ratio
1.08▼
2024 · 3.50
Debt / equity
1.54▲
2024 · 0.26
ROE
-17.2%▼
2024 · 0.3%
ROA
-6.8%▼
2024 · 0.3%
Interest coverage
-17.33▼
2024 · 46.17
Debt
€308k▲
2024 · €60k
Debt ≤ 1 year
€304k▲
2024 · €60k
Income taxes
€0▼
2024 · €347
Staff costs
€183k▼
2024 · €200k
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€295k€508k▲
Fixed assets21/28€24k€23k▼
Intangible fixed assets21-€3k
Tangible fixed assets22/27€24k€20k▼
Plant, machinery and equipment23€11k€14k▲
Furniture and vehicles24€7k€3k▼
Other tangible fixed assets26€5k€4k▼
Current assets29/58€272k€485k▲
Stocks and contracts in progress3€61k€157k▲
Stocks30/36€61k€157k▲
Amounts receivable within one year40/41€52k€209k▲
Trade receivables40€21k€179k▲
Other amounts receivable41€30k€30k▼
Cash at bank and in hand54/58€130k€96k▼
Deferred charges and accrued income490/1€29k€24k▼
Equity and liabilities
Total equity and liabilities10/49€295k€508k▲
Equity10/15€235k€200k▼
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€172k€137k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€60€60=
Distributable reserves133€165k€131k▼
Amounts payable17/49€60k€308k▲
Amounts payable within one year42/48€60k€304k▲
Trade debts44€46k€299k▲
Suppliers440/4€46k€299k▲
Taxes, remuneration and social security45€14k€4k▼
Taxes450/3€0€331▲
Remuneration and social security454/9€14k€3k▼
Other amounts payable47/48€0€579▲
Accrued charges and deferred income492/3€400€4k▲
Income statement
Code20242025
Non-recurring operating income76A€8k€0▼
Remuneration, social security and pensions62€200k€183k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€13k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€9k€2k▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€219k€163k▼
Operating profit (loss)9901€-8k€-38k▼
Financial income75/76B€9k€5k▼
Recurring financial income75€9k€5k▼
Financial charges65/66B€179€1k▲
Recurring financial charges65€179€1k▲
Profit (loss) for the period before taxes9903€1k€-34k▼
Income taxes67/77€347€0▼
Profit (loss) for the period9904€773€-34k▼
Profit (loss) for the period to be appropriated9905€773€-34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€773€-34k▼
Transfer from equity791/2-€34k
Transfer to equity691/2€773€0▼
To other reserves6921€773€0▼
Social balance
Average headcount (FTE)90874.03.8▼
The notes to these accounts (16 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-34k ▼4551%
Net result drops to €-34k, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €38k ▲47.4%
Net result €38k, the highest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
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
7 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, Zele · 1 establishment unit since 1997
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.
Herderstraat 109240 ZeleGround area
5,205 m²
Building footprint
3,068 m²
Parcel 42028B0775/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
RALCO
since 19972.079.839.257
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028B0775/00C000 | Flanders | 5,204 m² | 1 · 3,068 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 to 2023 · 2 entries · 1,950 EUR awarded · 1,950 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 1,950 EUR |
| 2022 | 1 | 1,950 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesRALCO NV35722
Similar companies · same sector, comparable size
Atelier Dufrêne
BE 0633.960.524
Oostrozebeke · Eq €200k
TIME
BE 0471.405.944
De Haan · Eq €200k
Winfera Kortrijk
BE 0693.750.433
Kortrijk · Eq €200k
BARCO CONSTRUCT
BE 0473.522.425
Merelbeke-Melle · Eq €200k
BELISAT
BE 0449.590.050
Wommelgem · Eq €200k
Of 20,031 companies in sector 43320 we hold annual accounts for 9,133. 7,410 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-12-1996
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45422
25110Manufacture of metal structures and parts of structures
28110
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.