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.
-
Shrinking team NBB
FTE fell two years in a row, from 30.5 to 21.
Financials
Financial year 2025
RAINCODE from Brussel, company number BE0440804820, closed financial year 2025 with a result of € -306,361 after tax. For that financial year RAINCODE recorded revenue of € 3.8 million and equity of € 3.4 million. Compared with financial year 2024, the result moved from € -724,285 to € -306,361. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 3.4 million
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -306,361
▲ 58 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2 million
▲ 130% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.4 million.
People and assets in 2025
21
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
€ 103,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 25,692
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
▼ 9% vs 2024
€ 124,350 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 273,639
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 59 days on average.
€ 237,412
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,002,214 | € 4,544,995 | € 3,191,681 | € 3,788,429 | ▲ 19% |
| Profit after taxes | € 27,451 | € -690,175 | € -724,285 | € -306,361 | ▲ € 417,923 |
| Equity | € 658,680 | € 4,452,441 | € 3,728,156 | € 3,434,190 | ▼ 8% |
| Total debts | € 4,896,845 | € 3,055,735 | € 3,015,804 | € 3,207,898 | ▲ 6% |
| Cash | € 232,160 | € 1,398,776 | € 867,751 | € 1,994,419 | ▲ 130% |
| Land & buildings | € 2,586,338 | € 2,510,149 | € 2,433,959 | € 2,357,769 | ▼ 3% |
| Retained profit | € 652,475 | € 4,428,815 | € 3,704,531 | € 3,398,170 | ▼ 8% |
| Bank debt | € 1,651,419 | € 1,470,091 | € 1,331,312 | € 1,209,073 | ▼ 9% |
| Balance sheet total | € 5,582,676 | € 7,533,991 | € 6,768,440 | € 6,665,233 | ▼ 2% |
| Employees (FTE) | 40.1 | 30.5 | 22.3 | 21 | ▼ 1.3 |
Key figures of RAINCODE, 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 RAINCODE?
What happened at RAINCODE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 306,361. Source: NBB ↗
- Boumke & Co SRL became a director. NBB
- L'EGG SRL became a director. NBB
- KOGI SRL became a director. NBB
- New establishment in Anderlecht. KBO
- New establishment in Brussel. KBO
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 27,451 profit in 2022 to € 306,361 loss in 2025.
Paid € 63,724 in corporate taxes since 2022.
Best year ever: 2022, with € 27,451 profit.
Pays suppliers within 59 days on average.
A new publication or filing at RAINCODE? We notify you, reason included.
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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 RAINCODE are Boumke & Co SRL, L'EGG SRL and KOGI SRL. It owns 30.3% of ERTMS Srl itself.
Directors
According to the 2025 annual accounts
Director · represented by Darius BALSBAND
Also active at: LOGIC TOOLS, ERTMS SOLUTIONS
since 2022
since 2022
since 2022
Establishments
Establishment units
Physical locations of this company
Kazernestraat 45
1000 Brussel
Kazernestraat 43
1000 Brussel
Active since 1 July 2016
Auguste Gevaertstraat 15
1070 Anderlecht
Active since 1 September 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
GOOGLE - Google LLC, US
Domain
Domain
raincode.com
Registered
1998-08-27
Registrar
Gandi SAS
Expires
2026-08-26
Website info
Features
Security
Details
- Company number
- 0440.804.820
- VAT number
- BE 0440.804.820
- Registered office
- Kazernestraat 45, 1000 Brussel
- Names & denominations
- RAINCODE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 May 1990
- Peppol
- Active · Active since 20 Nov 2020
- Contact
- raincode.com
- Activities · NACE
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