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 33 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
RAS EUROPE from Ukkel, company number BE0480276989, closed financial year 2025 with a result of € -4,019 after tax. For that financial year RAS EUROPE recorded a gross margin of € 263,977 and equity of € 660,469. Compared with financial year 2024, the result moved from € 118,958 to € -4,019. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 660,469
▼ 32% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,019
▼ still € 118,958 profit in 2024
Profit after tax over the fiscal year.
€ 25,260
▼ 89% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 60,469.
People and assets in 2025
5.7
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 129,335
▼ 49% vs 2024
€ 22,700 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.
€ 1,888
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▲ 174% vs 2024
Loans from banks and other lenders, long and short.
€ 71,374
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 502,486 | € 567,616 | € 519,075 | € 263,977 | ▼ 49% |
| Profit after taxes | € 160,416 | € 160,120 | € 118,958 | € -4,019 | ▼ € 122,976 |
| Equity | € 825,410 | € 985,530 | € 964,487 | € 660,469 | ▼ 32% |
| Total debts | € 831,090 | € 745,896 | € 719,405 | € 1,662,663 | ▲ 131% |
| Cash | € 147,116 | € 283,040 | € 233,926 | € 25,260 | ▼ 89% |
| Land & buildings | € 736,436 | € 664,402 | € 688,031 | € 593,341 | ▼ 14% |
| Retained profit | € 225,410 | € 385,530 | € 364,487 | € 60,469 | ▼ 83% |
| Dividend | € 0 | € 0 | € 140,000 | € 300,000 | ▲ 114% |
| Bank debt | € 481,808 | € 312,331 | € 468,999 | € 1,283,450 | ▲ 174% |
| Balance sheet total | € 1,656,500 | € 1,731,426 | € 1,683,893 | € 2,323,131 | ▲ 38% |
| Employees (FTE) | - | - | 5.4 | 5.7 | ▲ 0.3 |
Key figures of RAS EUROPE, 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 RAS EUROPE?
What happened at RAS EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- P.B BRUSSELS stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. Source: NBB ↗
- P.B BRUSSELS became a director. NBB
- New establishment in Brussel. KBO
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 160,416 profit in 2022 to € 4,019 loss in 2025.
Paid € 91,717 in corporate taxes since 2022.
Best year ever: 2022, with € 160,416 profit.
On average € 46,300 of value added per employee in 2025.
A new publication or filing at RAS EUROPE? 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
Directors
According to the 2025 annual accounts
Managing director · represented by DE FRENNE Alain
Also active at: Compagnie générale Mifra, MAS, ALMA IMMO
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Wellingtonlaan 124
1180 Ukkel
Spastraat 16
1000 Brussel
Active since 1 October 2003
Spastraat 14
1000 Brussel
Active since 7 December 2006
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Compagnie générale Mifra same network
€ -372,309 gross margin · 2025
MAS same network
€ 50,944 gross margin · 2025
Healing Therapy
€ -993 gross margin · 2025
PB-AI
Mobil22
€ 26,665 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0480.276.989
- VAT number
- BE 0480.276.989
- Registered office
- Wellingtonlaan 124, 1180 Ukkel
- Names & denominations
- RAS EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 May 2003
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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Hotels en dergelijke accommodatie
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