ACTIVE

RAJO

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Financial year 2025 · closed on 31/12/2025

Net result

42,1 k €

-1.0% YoY

Gross margin

113,4 k €

-18.2% YoY

Equity

490,2 k €

+9.4% YoY

What does RAJO do?

RAJO is a Public limited company incorporated in 2003. Its main activity is: Wholesale of agricultural machinery, equipment and supplies. Its registered office is in Hamme (Vl.).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0480.175.734

Incorporation

08/05/2003

Legal form

Public limited company

Registered office

Zonneke 6
9220 Hamme (Vl.) · FlandreSee on map

Contributed capital

400 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

46610Wholesale of agricultural machinery, equipment and supplies· main 46610Wholesale of agricultural machinery, equipment and supplies 51880Air transport 29322Manufacture of other parts and accessories for motor vehicles 33120Repair of machinery 33120Repair of machinery

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	113,4 k €	-18.2%	138,7 k €	+93.1%	71,8 k €	-25.5%	96,4 k €	+152%	38,2 k €	-52.3%	80,1 k €	+3679%	2,1 k €	-98.7%	160,6 k €	+24.5%	129 k €	-17.8%	156,9 k €	-3.0%	161,8 k €	+2.1%	158,4 k €	-18.2%	193,7 k €	+138%	81,5 k €	-32.5%	120,8 k €	+7.3%	112,6 k €	+38.4%	81,3 k €	-65.3%	234,3 k €	+15.9%	202,3 k €	+47.9%	136,7 k €
EBITDA	102,3 k €	-18.0%	124,8 k €	+105%	61 k €	-35.3%	94,3 k €	+362%	20,4 k €	-73.3%	76,4 k €	+12774%	593,6 €	-99.4%	100 k €	-9.7%	110,8 k €	+141%	45,9 k €	+34.1%	34,2 k €	-58.1%	81,7 k €	-31.3%	118,9 k €	+501%	19,8 k €	-66.4%	58,9 k €	+14.6%	51,4 k €	+987%	-5,8 k €	-110%	58,1 k €	+73.7%	33,4 k €	+357%	-13 k €
Operating result	76,6 k €	-23.3%	99,8 k €	+160%	38,4 k €	-52.0%	80,2 k €	+904%	8 k €	-87.8%	65,6 k €	+2430%	-2,8 k €	-103%	108,2 k €	+55.5%	69,6 k €	+399%	-23,3 k €	+36.1%	-36,5 k €	-326%	16,1 k €	-76.1%	67,5 k €	+609%	9,5 k €	-59.0%	23,2 k €	+166%	8,7 k €	+116%	-55,7 k €	+18.3%	-68,2 k €	-526%	16 k €	+123%	-68,8 k €
Net result	42,1 k €	-1.0%	42,5 k €	+111%	20,1 k €	-62.4%	53,6 k €	+428%	-16,4 k €	-142%	39,2 k €	+310%	-18,7 k €	-125%	75,5 k €	+130%	32,9 k €	+173%	-45,3 k €	+20.9%	-57,2 k €	-1157%	-4,6 k €	-112%	38,4 k €	+280%	-21,3 k €	-511%	5,2 k €	-52.1%	10,8 k €	-96.2%	283,6 k €	+332%	-122,4 k €	-3498%	-3,4 k €	+94.1%	-57,9 k €
Balance sheet
Equity	490,2 k €	+9.4%	448,1 k €	+10.5%	405,6 k €	+5.2%	385,5 k €	+16.2%	331,9 k €	-4.7%	348,2 k €	+12.7%	309 k €	-5.7%	327,7 k €	+29.9%	252,2 k €	+15.0%	219,3 k €	-17.1%	264,6 k €	-17.8%	321,8 k €	-1.4%	326,4 k €	+13.3%	288 k €	-6.9%	309,3 k €	+1.7%	304,1 k €	+3.7%	293,3 k €	+2923%	9,7 k €	-92.7%	132,1 k €	-2.5%	135,5 k €
Total assets	582 k €	+4.3%	558,2 k €	+6.3%	525,1 k €	-5.7%	556,8 k €	+21.1%	460 k €	-5.3%	485,6 k €	-4.0%	506,1 k €	-16.3%	604,8 k €	-3.7%	628,3 k €	-1.1%	635,1 k €	-18.9%	783,2 k €	+1.8%	769,1 k €	+12.4%	684,3 k €	-45.0%	1,2 M €	+41.7%	878 k €	+23.7%	709,7 k €	-24.7%	942,7 k €	-31.2%	1,4 M €	+15.3%	1,2 M €	+39.9%	849,9 k €
Cash	49,2 k €	-53.1%	104,9 k €	+646%	14,1 k €	-80.8%	73,4 k €	-9.8%	81,3 k €	-20.2%	101,9 k €	+151%	40,6 k €	+1.2%	40,1 k €	+61.9%	24,8 k €	+574%	3,7 k €	-86.9%	28,1 k €	-60.9%	71,9 k €	-39.0%	117,8 k €	+135%	50,1 k €	-42.4%	87 k €	-7.7%	94,2 k €	+4.5%	90,1 k €	+16.6%	77,3 k €	+346%	17,3 k €	-38.1%	28 k €
Debts	91,8 k €	-16.6%	110,1 k €	-7.8%	119,5 k €	-30.3%	171,4 k €	+33.8%	128,1 k €	+4.7%	122,3 k €	-32.8%	181,9 k €	-30.5%	261,7 k €	-29.3%	369,9 k €	-8.3%	403,4 k €	-19.3%	499,9 k €	+20.8%	414 k €	+16.3%	356,1 k €	-62.8%	955,9 k €	+68.2%	568,2 k €	+40.1%	405,6 k €	-37.5%	649,2 k €	-52.3%	1,4 M €	+28.8%	1,1 M €	+48.0%	714,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,3 ETP	-83.3%	1,8 ETP	-18.2%	2,2 ETP	+120%	1,0 ETP	+100%	0,5 ETP	-37.5%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-60.0%	2,0 ETP	-41.2%	3,4 ETP	+9.7%	3,1 ETP	0.0%	3,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 15 ended

Active mandates

Erik Vermeerbergen

Managing director · since 16 octobre 2023 · until 15 octobre 2029

Active

Erwin Vander Putten

Director · since 16 octobre 2023 · until 15 octobre 2029

Active

Peter Lijsen

Director · since 16 octobre 2023 · until 15 octobre 2029

Active

Yves Van Bogaert

Managing director · since 16 octobre 2023 · until 15 octobre 2029

Active

Ended mandates

Erik VERMEERBERGEN

Managing director · since 03 mars 2011 · until 11 juin 2021

Ended

Erik VERMEERBERGEN

Managing director · since 03 mars 2011

Ended

Erwin VANDER PUTTEN

Director · since 03 mars 2011 · until 11 juin 2021

Ended

PETER LIJSEN

Director · since 03 mars 2011 · until 11 juin 2021

Ended

At this address

Other companies at this address

Company	CBE no.
NATECSO● Active	0834.093.991
QUALIMANDJARO● Active	0455.094.801

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/08/2026	20/08/2025	26/07/2024	30/08/2023	31/08/2022	31/08/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	17/08/2026	Dutch	PDF
Abridged model	31/12/2024	13/06/2025	20/08/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	26/07/2024	Dutch	PDF
Abridged model	31/12/2022	09/06/2023	30/08/2023	Dutch	PDF
Micro model	31/12/2021	10/06/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	11/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	26/06/2020	22/10/2020	Dutch	PDF
Abridged model	31/12/2018	05/07/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	05/07/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	09/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	21/09/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	28/02/2011	03/03/2011	Dutch	PDF
Abridged model	31/12/2009	26/04/2010	29/04/2010	Dutch	PDF
Abridged model	31/12/2008	12/03/2009	02/04/2009	Dutch	PDF
Abridged model	31/12/2007	13/06/2008	19/06/2008	Dutch	PDF
Abridged model	31/12/2006	08/06/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 15 ended

Active mandates

Erik Vermeerbergen

Managing director · since 16 octobre 2023 · until 15 octobre 2029

Active

Erwin Vander Putten

Director · since 16 octobre 2023 · until 15 octobre 2029

Active

Peter Lijsen

Director · since 16 octobre 2023 · until 15 octobre 2029

Active

Yves Van Bogaert

Managing director · since 16 octobre 2023 · until 15 octobre 2029

Active

Ended mandates

Erik VERMEERBERGEN

Managing director · since 03 mars 2011 · until 11 juin 2021

Ended

Erik VERMEERBERGEN

Managing director · since 03 mars 2011

Ended

Erwin VANDER PUTTEN

Director · since 03 mars 2011 · until 11 juin 2021

Ended

PETER LIJSEN

Director · since 03 mars 2011 · until 11 juin 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/03/2011
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/03/2010
MAATSCHAPPELIJKE ZETEL
PDF
Registered office03/02/2010
MAATSCHAPPELIJKE ZETEL
PDF
Mandates27/01/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/10/2008
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/01/2007
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office26/10/2005
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - BOEKJAAR
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202542,1 k €↓
2024
Annual accounts 202442,5 k €↑
2023
Annual accounts 202320,1 k €↓
2022
Annual accounts 202253,6 k €↑
2021
Annual accounts 2021-16,4 k €↓
2020
Annual accounts 202039,2 k €↑
2019
Annual accounts 2019-18,7 k €↓
2018
Annual accounts 201875,5 k €↑
2017
Annual accounts 201732,9 k €↑
2016
Annual accounts 2016-45,3 k €↑
2015
Annual accounts 2015-57,2 k €↓
2014
Annual accounts 2014-4,6 k €↓
2013
Annual accounts 201338,4 k €↑
2012
Annual accounts 2012-21,3 k €↓
2011
Annual accounts 20115,2 k €↓
2010
Annual accounts 201010,8 k €↓
2009
Annual accounts 2009283,6 k €↑
2008
Annual accounts 2008-122,4 k €↓
2007
Annual accounts 2007-3,4 k €↑
2006
Annual accounts 2006-57,9 k €
08/05/2003
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

RAJO

Overview

What does RAJO do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline