Rama
ActiveRama has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.76M and a net result of €249k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 56% of 716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-2
Solvency68▼-15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity short (current ratio 0.58 against 1.3 in 2024; short-term debt: 18.8% and cash: 2% of total assets), and 56.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← 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
43.3%
Return on assets
2.9%
Age of the figures
9 mo
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
6 d early
2023
14 d early
2022
14 d early
2021
3 d early
2020
2 d early
2019
1 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, abbreviated schema
Equity
€3.76M▼ 10.7%
2024 · €4.21M
2018: €2.78M
2019: €2.85M
2020: €3.08M
2021: €3.39M
2022: €3.69M
2023: €4.03M
2024: €4.21M
2018 → 2025
Total assets
€8.68M▲ 19.7%
2024 · €7.25M
2018: €9.17M
2019: €9.04M
2020: €8.91M
2021: €8.50M
2022: €8.58M
2023: €8.31M
2024: €7.25M
2018 → 2025
Net result
€249k▲ 38.0%
2024 · €180k
2018: €1.23M
2019: €375k
2020: €230k
2021: €309k
2022: €296k
2023: €337k
2024: €180k
2018 → 2025
Working capital
€-687k
2024 · €275k
2018: €-146k
2019: €-416k
2020: €-333k
2021: €-597k
2022: €-878k
2023: €-924k
2024: €275k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.39M-€3.69M▲ 8.7%€4.03M▲ 9.1%€4.21M▲ 4.5%€3.76M▼ 10.7%
Operating result€504k-€467k▼ 7.4%€525k▲ 12.4%€313k▼ 40.3%€331k▲ 5.7%
Net result€309k-€296k▼ 4.4%€337k▲ 13.7%€180k▼ 46.5%€249k▲ 38.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.68M
Fixed assets
€7.73M▲ 27.4%
Current assets
€944k▼ 19.9%
Equity and liabilities €8.68M
Equity
€3.76M▼ 10.7%
Provisions
€117k▼ 4.1%
Debt
€4.81M▲ 64.6%
The debt ratio rises from 40.3% to 55.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€560k▲
2024 · €499k
Cash flow
€478k▲
2024 · €366k
Solvency
43.3%▼
2024 · 58.0%
Current ratio
0.58▼
2024 · 1.30
Quick ratio
0.58▼
2024 · 1.30
Debt / equity
1.28▲
2024 · 0.69
ROE
6.6%▲
2024 · 4.3%
ROA
2.9%▲
2024 · 2.5%
Interest coverage
5.75▼
2024 · 8.61
Debt
€4.81M▲
2024 · €2.92M
Debt ≤ 1 year
€1.63M▲
2024 · €904k
Debt > 1 year
€3.17M▲
2024 · €2.02M
Income taxes
€103k▼
2024 · €382k
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€7.25M€8.68M▲
Fixed assets21/28€6.07M€7.73M▲
Tangible fixed assets22/27€6.07M€7.73M▲
Land and buildings22€6.03M€7.70M▲
Plant, machinery and equipment23€17k€12k▼
Furniture and vehicles24€26k€22k▼
Current assets29/58€1.18M€944k▼
Amounts receivable within one year40/41€8k€763k▲
Trade receivables40€3k€58k▲
Other amounts receivable41€5k€705k▲
Current investments50/53€790k-
Cash at bank and in hand54/58€375k€171k▼
Deferred charges and accrued income490/1€7k€10k▲
Equity and liabilities
Total equity and liabilities10/49€7.25M€8.68M▲
Equity10/15€4.21M€3.76M▼
Contributions10/11€600k€600k=
Reserves13€929k€902k▼
Non-distributable reserves130/1€60k€60k=
Reserves not available under the articles1311€60k€60k=
Tax-exempt reserves132€613k€586k▼
Distributable reserves133€256k€256k=
Profit (loss) carried forward14€2.68M€2.25M▼
Provisions and deferred taxes16€122k€117k▼
Deferred taxes168€122k€117k▼
Amounts payable17/49€2.92M€4.81M▲
Amounts payable after more than one year17€2.02M€3.17M▲
Financial debts170/4€2.01M€3.17M▲
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€904k€1.63M▲
Current portion of amounts payable after more than one year42€470k€552k▲
Financial debts43€176k€138k▼
Credit institutions430/8€176k€138k▼
Trade debts44€34k€73k▲
Suppliers440/4€34k€73k▲
Advances received on contracts in progress46€77k€110k▲
Taxes, remuneration and social security45€143k€55k▼
Taxes450/3€143k€55k▼
Other amounts payable47/48€4k€703k▲
Income statement
Code20242025
Non-recurring operating income76A-€13k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€186k€229k▲
Other operating charges640/8€72k€70k▼
Gross operating margin9900€571k€631k▲
Operating profit (loss)9901€313k€331k▲
Financial income75/76B€3k€113k▲
Recurring financial income75€3k€113k▲
Financial charges65/66B€58k€97k▲
Recurring financial charges65€58k€97k▲
Profit (loss) for the period before taxes9903€258k€347k▲
Transfer from deferred taxes780€304k€5k▼
Income taxes67/77€382k€103k▼
Profit (loss) for the period9904€180k€249k▲
Transfer from tax-exempt reserves789€924k€27k▼
Profit (loss) for the period to be appropriated9905€1.10M€275k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.68M€2.95M▲
Profit (loss) brought forward from the previous period14P€1.57M€2.68M▲
Profit to be distributed694/7-€700k
Return on contributions (dividend)694-€700k
The notes to these accounts (14 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €180k ▼46.5%
Net result drops to €180k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 1.30
Current ratio from 0.27 to 1.30; short-term debt falls from €1.26M to €904k.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 52 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
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.
18-01-2024
BAY OF ISLANDS: Resigned as Director
18-01-2024
RAES John Alain Laurent: Resigned as Director
30-06-2021
Annette MARLOYE: Resigned as Director
30-12-2014
Annette MARLOYE: Resigned as Director
30-12-2014
Josse RAES: Resigned as Director
30-12-2014
Philippe Raes: Resigned as Managing director
Location & real-estate footprint
Registered office, Beersel
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.
Boomgaardlaan 71650 BeerselGround area
1,535 m²
Building footprint
191 m²
Volume, LiDAR
1,272 m³
Parcel 23003A0439/00G003, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23003A0439/00G003 | Flanders | 1,535 m² | 1 · 191 m² | 10.1 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.
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Of 1,030 companies in sector 52100 we hold annual accounts for 764. 438 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-12-1984
Fiscal year end31-12
Activities, NACEBEL
52100Warehousing and storage
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.