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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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2023; threshold 65 %.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 October 2024 and has not been filed.
Financials
Financial year 2023
WHY NOT ? RACING from Rumes, company number BE0685751990, closed financial year 2023 with a result of € -19,699 after tax. For that financial year WHY NOT ? RACING recorded revenue of € 19,100 and equity of € 43,711. Compared with financial year 2022, the result moved from € -28,169 to € -19,699. 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 October 6, 2023.
€ 43,711
▼ 31% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -19,699
▲ 30 % less loss than in 2022
Profit after tax over the fiscal year.
€ 662
▼ 94% vs 2022
Cash and bank balances on the last day of the fiscal year.
People and assets in 2023
€ 57,995
▲ 16% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 2,322
▼ 40% vs 2022
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|
| Revenue | € 39,888 | € 19,100 | ▼ 52% |
| Gross margin | € 9,036 | € 12,466 | ▲ 38% |
| Profit after taxes | € -28,169 | € -19,699 | ▲ € 8,470 |
| Equity | € 63,410 | € 43,711 | ▼ 31% |
| Total debts | € 16,359 | € 27,191 | ▲ 66% |
| Cash | € 11,888 | € 662 | ▼ 94% |
| Retained profit | € 63,410 | € 43,711 | ▼ 31% |
| Balance sheet total | € 79,769 | € 70,902 | ▼ 11% |
Key figures of WHY NOT ? RACING, fiscal years 2022 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 October 2024.
What happened to WHY NOT ? RACING?
What happened at WHY NOT ? RACING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: loss of € 19,699. Source: NBB ↗
- Start of the company according to the CBE. KBO
In short
From € 28,169 loss in 2022 to € 19,699 loss in 2023.
Establishments
Establishment units
Physical locations of this company
Chaussée Montgomery(LG) 63
7611 Rumes
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
- 0685.751.990
- VAT number
- BE 0685.751.990
- Registered office
- Chaussée Montgomery(LG) 63, 7611 Rumes
- Names & denominations
- WHY NOT ? RACING
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 8 December 2017
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
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