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 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
RA.G MANAGEMENT from Sint-Lambrechts-Woluwe, company number BE0897174774, closed financial year 2025 with a result of € -12,346 after tax. For that financial year RA.G MANAGEMENT recorded a gross margin of € 15,849 and equity of € -4,678. Compared with financial year 2024, the result moved from € -13,722 to € -12,346. 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 October 28, 2025.
€ -4,678
▼ € 12,346 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12,346
▲ 10 % less loss than in 2024
Profit after tax over the fiscal year.
€ 558
▼ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -17,078.
Debts at end 2025
€ 120,301
▼ 27% vs 2024
€ 40,476 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 44,873 | € 28,689 | € 15,078 | € 15,849 | ▲ 5% |
| Profit after taxes | € 9,946 | € 127 | € -13,722 | € -12,346 | ▲ € 1,376 |
| Equity | € 21,264 | € 21,391 | € 7,668 | € -4,678 | ▼ € 12,346 |
| Total debts | € 412,936 | € 398,326 | € 408,980 | € 413,795 | ▲ 1% |
| Cash | € 3,189 | € 3,654 | € 569 | € 558 | ▼ 2% |
| Land & buildings | € 418,620 | € 396,635 | € 374,650 | € 352,665 | ▼ 6% |
| Retained profit | € 8,864 | € 8,991 | € -4,732 | € -17,078 | ▼ € 12,346 |
| Bank debt | € 252,937 | € 208,721 | € 164,163 | € 120,301 | ▼ 27% |
| Balance sheet total | € 434,200 | € 419,717 | € 416,648 | € 409,117 | ▼ 2% |
Key figures of RA.G MANAGEMENT, 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 October 2026.
What happened to RA.G MANAGEMENT?
What happened at RA.G MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 12,346. Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Sint-Lambrechts-Woluwe. KBO
- RAPHAEL GALVANIN became a director. NBB
In short
From € 9,946 profit in 2022 to € 12,346 loss in 2025.
Paid € 4,252 in corporate taxes since 2022.
Best year ever: 2022, with € 9,946 profit.
A new publication or filing at RA.G MANAGEMENT? 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 RA.G MANAGEMENT is RAPHAEL GALVANIN. RAPHAEL GALVANIN is also behind AYLIN.
Directors
According to the 2025 annual accounts
since 2008
Establishments
Establishment units
Physical locations of this company
Kerselarenlaan 210
1200 Sint-Lambrechts-Woluwe
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0897.174.774
- VAT number
- BE 0897.174.774
- Registered office
- Kerselarenlaan 210, 1200 Sint-Lambrechts-Woluwe
- Names & denominations
- RA.G MANAGEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 April 2008
- Peppol
- Not registered
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen