RAM
ActiveRAM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.92M and a net result of €273k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 61% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74=
Solvency68▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 12.51 against 11.89 in 2024; short-term debt: 5% and cash: 2.4% of total assets), but 56.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
43.5%
Return on assets
4.1%
Age of the figures
12 mo
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 30-09-2025 was due by 30-04-2026 and was filed on 28-03-2026, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
33 d early
2024
37 d early
2023
39 d early
2022
40 d early
2021
36 d early
2020
18 d early
2019
123 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€273k▲ 6.2%
2024 · €257k
2019: €-596k
2020: €324k
2021: €315k
2022: €212k
2023: €243k
2024: €257k
2019 → 2025
Working capital
€3.88M▲ 10.3%
2024 · €3.52M
2019: €-1.02M
2020: €1.43M
2021: €1.79M
2022: €2.00M
2023: €3.22M
2024: €3.52M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.69M-€1.90M▲ 12.5%€2.15M▲ 12.8%€2.65M▲ 23.3%€2.92M▲ 10.3%
Operating result€349k-€301k▼ 13.8%€328k▲ 9.2%€353k▲ 7.6%€368k▲ 4.3%
Net result€315k-€212k▼ 32.7%€243k▲ 14.5%€257k▲ 5.9%€273k▲ 6.2%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.72M
Fixed assets
€2.50M▼ 3.8%
Current assets
€4.22M▲ 9.8%
Equity and liabilities €6.72M
Equity
€2.92M▲ 10.3%
Debt
€3.80M▲ 0.1%
The debt ratio falls from 58.9% to 56.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€467k▲
2024 · €452k
Cash flow
€372k▲
2024 · €356k
Solvency
43.5%▲
2024 · 41.1%
Current ratio
12.51▲
2024 · 11.89
Quick ratio
12.51▲
2024 · 11.89
Debt / equity
1.30▼
2024 · 1.43
ROE
9.4%▼
2024 · 9.7%
ROA
4.1%▲
2024 · 4.0%
Interest coverage
39.29▲
2024 · 35.69
Debt
€3.80M▲
2024 · €3.79M
Debt ≤ 1 year
€337k▲
2024 · €323k
Debt > 1 year
€3.39M▼
2024 · €3.44M
Income taxes
€83k▼
2024 · €95k
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€6.44M€6.72M▲
Fixed assets21/28€2.60M€2.50M▼
Intangible fixed assets21€10k€10k=
Tangible fixed assets22/27€2.53M€2.43M▼
Land and buildings22€2.53M€2.43M▼
Financial fixed assets28€62k€62k=
Current assets29/58€3.84M€4.22M▲
Amounts receivable within one year40/41€3.75M€4.03M▲
Other amounts receivable41€3.75M€4.03M▲
Current investments50/53€17k€17k=
Cash at bank and in hand54/58€71k€164k▲
Deferred charges and accrued income490/1€3k€8k▲
Equity and liabilities
Total equity and liabilities10/49€6.44M€6.72M▲
Equity10/15€2.65M€2.92M▲
Contributions10/11€1.06M€1.06M=
Capital10€1.06M€1.06M=
Issued capital100€1.06M€1.06M=
Reserves13€1.59M€1.86M▲
Non-distributable reserves130/1€106k€106k=
Legal reserve130€106k€106k=
Tax-exempt reserves132-€2k
Distributable reserves133€1.48M€1.75M▲
Profit (loss) carried forward14€268€665▲
Amounts payable17/49€3.79M€3.80M▲
Amounts payable after more than one year17€3.44M€3.39M▼
Financial debts170/4€682k€634k▼
Other amounts payable178/9€2.76M€2.76M=
Amounts payable within one year42/48€323k€337k▲
Current portion of amounts payable after more than one year42€47k€48k▲
Trade debts44€42k€43▼
Suppliers440/4€42k€43▼
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€6k€7k▲
Other amounts payable47/48€228k€282k▲
Accrued charges and deferred income492/3€29k€66k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€99k€99k=
Other operating charges640/8€22k€21k▼
Gross operating margin9900€474k€488k▲
Operating profit (loss)9901€353k€368k▲
Financial income75/76B€17k-
Recurring financial income75€17k-
Financial charges65/66B€17k€12k▼
Recurring financial charges65€13k€12k▼
Non-recurring financial charges66B€5k-
Profit (loss) for the period before taxes9903€353k€357k▲
Income taxes67/77€95k€83k▼
Profit (loss) for the period9904€257k€273k▲
Profit (loss) for the period to be appropriated9905€257k€273k▲
Appropriation of the result
Profit (loss) to be appropriated9906€328k€274k▼
Profit (loss) brought forward from the previous period14P€70k€268▼
Transfer to equity691/2€328k€273k▼
To other reserves6921€328k€273k▼
The notes to these accounts (6 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
30-03
State Gazette act
MiscellaneousMerger · Accounting effect · Real estate5 facts ▸
State Gazette act
Miscellaneous
Merger · Accounting effect · Real estate5 facts ▸
- Merger, fusion par absorption
- Accounting effect, 01/10/2025
- Real estate, Le tréfonds d’un restaurant et d’une terre sis rue de la Grande Veine 160, cadastré section B numéros 1122P P0000 et 1122R P0000 pour quarante-huit ares (48a),…
- Corporate purpose, La société a pour objet, tant en Belgique qu'à l'étranger, soit pour elle-même soit pour compte de tiers ou en participation : Toute opérations immobilières, ag…
- Corporate purpose, La société a pour objet la réalisation, principalement en Belgique mais également dans tout pays quelconque, pour son compte propre, pour compte de tiers ou en…
28-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Liquidity times 12current ratio 52.57
Current ratio from 4.48 to 52.57; short-term debt falls from €574k to €62k.
30-09
Financial
Equity above €2MEq €2.15M ▲12.8%
4 profitable years in a row build equity to €2.15M.
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Back to profitnet €324k
Net result €324k after one loss-making year.
30-09
Financial
Liquidity times 52current ratio 23.76
Current ratio from 0.45 to 23.76; short-term debt falls from €1.86M to €63k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 123 days late
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2017
17-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 51 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
03-08-2021
Resigned as Director
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2005
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.
Rue Camille Godefroid(BL) 665001 NamurGround area
1,547 m²
Building footprint
106 m²
Volume, LiDAR
553 m³
Parcel 92010D0274/00G022, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RAM
since 20052.150.479.805
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92010D0274/00G022 | Wallonia | 1,546 m² | 1 · 106 m² | 6.7 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.
Structure & network
Acquisitions and mergers
1 transactionTook over:MC DOUR
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NOSTER
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DELFINE
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 3,261 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-10-2005
Fiscal year end30-09
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
64200Holdings
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0475/52.38.08