Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
RAES from Haaltert, company number BE0429931516, closed financial year 2025 with a result of € -1.1 million after tax. For that financial year RAES recorded a gross margin of € 19,037 and equity of € 930,017. Compared with financial year 2024, the result moved from € -124,561 to € -1.1 million. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2026.
€ 930,017
▲ € 1.3 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▼ 800 % more loss than in 2024
Profit after tax over the fiscal year.
€ 21,543
▲ 229% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.5 million.
People and assets in 2025
€ 2,318
▼ 68% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.9 million
€ 224,749 is repaid this year. At this pace the long-term loan is gone in ≈ 26 years.
€ 5,357
▼ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 31,373 | € 33,119 | € -36,923 | € 19,037 | ▲ € 55,960 |
| Profit after taxes | € -42,540 | € -41,757 | € -124,561 | € -1,120,494 | ▼ € 995,934 |
| Equity | € -169,648 | € -211,406 | € -335,966 | € 930,017 | ▲ € 1.3 million |
| Total debts | € 671,292 | € 689,033 | € 671,171 | € 9,600,309 | ▲ € 8.9 million |
| Cash | € 42,843 | € 87,695 | € 6,545 | € 21,543 | ▲ 229% |
| Land & buildings | € 426,842 | € 367,530 | € 313,243 | € 10,422,888 | ▲ € 10.1 million |
| Retained profit | € -231,648 | € -273,406 | € -397,966 | € -1,518,461 | ▼ € 1.1 million |
| Bank debt | € 0 | € 0 | € 0 | € 5,908,795 | |
| Balance sheet total | € 501,644 | € 477,627 | € 335,205 | € 10,530,327 | ▲ € 10.2 million |
Key figures of RAES, 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 RAES?
What happened at RAES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.1 million. filed late Source: NBB ↗
- Jan Raes became a director. NBB
- New establishment in Haaltert. KBO
- Dirk Raes became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 42,540 loss in 2022 to € 1.1 million loss in 2025.
Paid € 391 in corporate taxes since 2022.
Management
Behind RAES are Dirk Raes and Jan Raes. Jan Raes is also behind CIRA MANAGEMENT EXECUTIVE COACHING, DE KLUIZERIJ, HET LEZERSCOLLECTIEF and VITALITEITSCENTRUM.
Directors
According to the 2025 annual accounts
Dirk Raes
Director
since 1986
Jan Raes
Director
Also active at: CIRA MANAGEMENT EXECUTIVE COACHING, DE KLUIZERIJ, HET LEZERSCOLLECTIEF, VITALITEITSCENTRUM
since 2025
Establishments
Establishment units
Physical locations of this company
Bergstraat(KE) 7
9451 Haaltert
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.931.516
- VAT number
- BE 0429.931.516
- Registered office
- Bergstraat(KE) 7, 9451 Haaltert
- Names & denominations
- RAES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 November 1986
- Peppol
- Active · Active since 20 Nov 2025