Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
R.A.Z. from Liège, company number BE0420130556, closed financial year 2025 with a result of € 23,395 after tax. For that financial year R.A.Z. recorded a gross margin of € 45,843 and equity of € 416,982. Compared with financial year 2024, the result moved from € 54,882 to € 23,395. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2026.
€ 416,982
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23,395
▼ 57% vs 2024
Profit after tax over the fiscal year.
€ 9,612
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 330,022.
People and assets in 2025
€ 130,298
▲ € 120,472 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 108,314
€ 22,357 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 7,201
▼ 79% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,000
▲ € 9,957 vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 145,650 | € 100,919 | € 90,589 | € 45,843 | ▼ 49% |
| Profit after taxes | € 92,494 | € 68,973 | € 54,882 | € 23,395 | ▼ 57% |
| Equity | € 269,732 | € 338,706 | € 393,587 | € 416,982 | ▲ 6% |
| Total debts | € 919,503 | € 779,646 | € 759,832 | € 847,899 | ▲ 12% |
| Cash | € 66,324 | € 2,257 | € 11,064 | € 9,612 | ▼ 13% |
| Land & buildings | € 1,100,000 | € 1,100,000 | € 1,100,000 | € 1,100,000 | |
| Retained profit | € 182,772 | € 251,746 | € 306,627 | € 330,022 | ▲ 8% |
| Dividend | € 50,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 379,567 | € 319,811 | € 0 | € 108,314 | |
| Balance sheet total | € 1,189,235 | € 1,118,351 | € 1,153,419 | € 1,264,881 | ▲ 10% |
Key figures of R.A.Z., fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to R.A.Z.?
What happened at R.A.Z. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 23,395 (▼ 57% vs 2024). Source: NBB ↗
- Allison PELLAERS became a director. NBB
- Françoise BIHET became a director. NBB
- Roland PELLAERS became a director. NBB
- New establishment in Ferrières. KBO
- Start of the company according to the CBE. KBO
In short
From € 92,494 profit in 2022 to € 23,395 profit in 2025.
Paid € 84,635 in corporate taxes since 2022.
Best year ever: 2022, with € 92,494 profit.
Paid out € 50,000 in dividends to the owners in total.
A new publication or filing at R.A.Z.? We notify you, reason included.
Follow R.A.Z.Databakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind R.A.Z. are Françoise BIHET, Allison PELLAERS and Roland PELLAERS. The shares are held by Allison PELLAERS (98.5%), Françoise BIHET (0.7%) and Roland PELLAERS (0.7%).
Directors
According to the 2025 annual accounts
since 2021
Allison PELLAERS
Director
since 2025
since 2021
Shareholders
Allison PELLAERS
98.5%
Françoise BIHET · director
0.7%
Roland PELLAERS · director
0.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée de Tongres 326
4000 Liège
Route de Logne 14/16
4190 Ferrières
Active since 15 February 1980
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0420.130.556
- VAT number
- BE 0420.130.556
- Registered office
- Chaussée de Tongres 326, 4000 Liège
- Names & denominations
- R.A.Z.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 January 1980
- Peppol
- Active · Active since 10 Feb 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Ontwikkeling van niet-residentiële bouwprojecten