RAM · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of RAM is 2.7% (moderate). The 2024 annual accounts show equity of €28k and a net result of €550. Its solvency ranks better than 55% of 11120 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 21 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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.

How we compute the deadline

The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	30-08-2025	30 d late	2025-00450106
31-12-2023	31-07-2024	22-08-2024	22 d late	2024-00371180

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.7% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€550-97.9%

Working capital€20k+49.9%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 30-08-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	44.8%	40.9%	better than 55% of 11120 sector peers
Net result	€550	€11k	better than 23% of 11103 sector peers
Equity	€28k	€34k	better than 44% of 11124 sector peers
Gross operating margin	€28k	€35k	better than 44% of 11092 sector peers
Staff costs	€14k	€24k	higher than 42% of 4053 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€11k

-75.0% 23-24

Net profit

€550

-97.9% 23-24

Cash flow

€9k

-76.1% 23-24

Total assets

€63k

+28.7% 23-24

Equity

€28k

+2.0% 23-24

Working capital

€20k

+49.9% 23-24

Staff costs

€14k

+2.8% 23-24

Income taxes

€998

-85.7% 23-24

Show 9 other metrics

Debt

€35k

+63.6% 23-24

Debt ≤ 1y

€34k

+63.6% 23-24

Current ratio

1.58

-3.3% 23-24

Quick ratio

1.32

-12.8% 23-24

Solvency

44.8%

-20.8% 23-24

Debt / equity

1.23

+60.4% 23-24

ROE

2.0%

-98.0% 23-24

ROA

0.9%

-98.4% 23-24

Interest coverage

9.08

-97.9% 23-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€11k
Net profit	€550
Cash flow	€9k
Staff costs	€14k
Income taxes	€998
Dividends	-
Total assets	€63k
Equity	€28k
Debt	€35k
of which ≤ 1y	€34k
of which > 1y	-
Working capital	€20k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.58
Quick ratio	1.32
Working capital ratio	31.9%
Solvency	44.8%
Debt / equity	1.23
Long-term debt ratio	-
Interest coverage	9.08
Gross margin	-
Net margin	-
ROA	0.9%
ROE	2.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €8k · 13.2% Current assets €55k · 86.8%

Equity & liabilities

Equity €28k · 44.8% Debt €35k · 55.2%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€63k
Fixed assets	21/28	€8k
Tangible fixed assets	22/27	€8k
Financial fixed assets	28	€150
Current assets	29/58	€55k
Stocks & contracts in progress	3	€9k
Amounts receivable within one year	40/41	€18k
Cash & bank	54/58	€19k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€63k
Equity	10/15	€28k
Contributions / capital	10/11	€1k
Reserves	13	€27k
Amounts payable	17/49	€35k
Amounts payable within one year	42/48	€34k
Trade debts payable within one year	44	€15k
Income statement
Gross operating margin	9900	€28k
Operating result	9901	€3k
Financial income	75	€63
Financial charges	65	€1k
Result before taxes	9903	€2k
Income taxes	67/77	€998
Net result for the period	9904	€550
Result to be appropriated	9905	€550

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

79 / 100 Excellent

050100

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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Schoolstraat 233500 Hasselt

Establishment units

1 location

RAM

Schoolstraat 23, 3500 HasseltGrondverzet : graven, ophogen, egaliseren en nivelleren van bouwterreinen, graven van sleuven en geulen, verwijderen van rotsen, grondverzet met behulp van explosieven

since 20222.327.060.385

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area279 m²

Buildings1

Building footprint80 m²

Volume (LiDAR)526 m³

Tallest building10.7 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71325F0463/00M004	Flanders	279 m²	1 · 80 m²	10.7 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.