Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
RACING WINGS from Ramillies, company number BE0544995983, closed financial year 2025 with a result of € -265 after tax. For that financial year RACING WINGS recorded a gross margin of € 863 and equity of € -54,811. Compared with financial year 2024, the result moved from € 5,983 to € -265. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 6, 2026.
€ -54,811
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -265
▼ still € 5,983 profit in 2024
Profit after tax over the fiscal year.
€ 2,604
▼ 44% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -61,111.
People and assets in 2025
€ 861
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,601
▲ 109% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 6,948 | € 1,935 | € 6,470 | € 863 | ▼ 87% |
| Profit after taxes | € 5,244 | € 558 | € 5,983 | € -265 | ▼ € 6,248 |
| Equity | € -61,086 | € -60,528 | € -54,545 | € -54,811 | |
| Total debts | € 97,201 | € 95,114 | € 79,535 | € 87,944 | ▲ 11% |
| Cash | € 2,767 | € 4,865 | € 4,660 | € 2,604 | ▼ 44% |
| Retained profit | € -67,386 | € -66,828 | € -60,845 | € -61,111 | |
| Balance sheet total | € 36,115 | € 34,586 | € 24,990 | € 33,134 | ▲ 33% |
Key figures of RACING WINGS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to RACING WINGS?
What happened at RACING WINGS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 265 (▼ € 6,248 vs 2024). Source: NBB ↗
- New establishment in Ramillies. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,244 profit in 2022 to € 265 loss in 2025.
Best year ever: 2024, with € 5,983 profit.
Management
The stake of BELART & CO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RACING WINGSBehind RACING WINGS are BELART&CO and EGG. ENTREPRISES. The shares are held by BELART & CO (33.3%).
Directors
According to the 2025 annual accounts
Director · represented by Emmanuel Eggermont
Shareholders
33.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Bourlottes 22
1367 Ramillies
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0544.995.983
- VAT number
- BE 0544.995.983
- Registered office
- Rue des Bourlottes 22, 1367 Ramillies
- Names & denominations
- RACING WINGS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 February 2014
- Peppol
- Active · Active since 19 Jan 2026
- Activities · NACE
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