ACTIVE

RAS

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Financial year 2025 · closed on 31/12/2025
Net result
50,7 k €
-38.6% YoY
Gross margin
2,8 M €
-2.7% YoY
Equity
2,6 M €
+2.0% YoY
Workforce
30,8 ETP
+2.3% YoY

What does RAS do?

RAS is a Private limited company incorporated in 2010. Its main activity is: Wholesale of information and communication equipment. Its registered office is in Kortrijk. It employs on average 30,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0825.541.858
Incorporation
30/04/2010
Legal form
Private limited company
Registered office
Brugsesteenweg(Kor) 257
8500 Kortrijk · FlandreSee on map
Contributed capital
216 000,00 €
Latest accounts
31/12/2025
Average workforce
30,8 ETP
Activities (NACE)
46500Wholesale of information and communication equipment· main46520Wholesale of electronic and telecommunications equipment and parts77222Rental of video tapes and disks77292Rental and leasing of other personal and household goods
Joint committees (3)
  • 200
  • 20000
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021201920182017201620152014201320122011
Income statement
Gross margin2,8 M €2,8 M €––3,2 M €1,9 M €1,9 M €2,1 M €1,9 M €1,9 M €2,2 M €1,9 M €1,7 M €1,9 M €
EBITDA116,4 k €229,3 k €35,3 k €-63,3 k €249,5 k €208,4 k €339,9 k €387,3 k €420,2 k €466,3 k €774,1 k €559,2 k €465,2 k €269,6 k €
Operating result89,9 k €105,4 k €-94,7 k €-285,9 k €153,7 k €70,5 k €265,6 k €284,2 k €285,4 k €262,8 k €593,3 k €362,5 k €295,1 k €49,5 k €
Net result50,7 k €82,4 k €-160,1 k €-294,4 k €70,1 k €24,2 k €169,7 k €154,9 k €140,2 k €144,3 k €362,4 k €204,4 k €157,3 k €106,8 k €
Balance sheet
Equity2,6 M €2,6 M €2,5 M €2,6 M €2,9 M €1,5 M €1,4 M €1,3 M €1,2 M €1,1 M €975,9 k €613,5 k €418 k €260,8 k €
Total assets4,5 M €4,4 M €5,4 M €4,7 M €6 M €3,8 M €3,4 M €3,6 M €2,9 M €2,6 M €3 M €2,4 M €2,5 M €2,7 M €
Cash721,3 k €282,3 k €102,7 k €116 k €272,8 k €––8,1 k €76,4 k €23,6 k €345 k €37,7 k €12,7 k €138,2 k €
Debts1,9 M €1,8 M €2,8 M €2 M €3 M €2,3 M €1,9 M €2,3 M €1,7 M €1,5 M €2 M €1,7 M €2 M €2,4 M €
Other
Workforce30,8 ETP30,1 ETP33,7 ETP38,7 ETP37,0 ETP22,9 ETP22,4 ETP22,1 ETP21,0 ETP20,2 ETP18,6 ETP18,4 ETP17,4 ETP17,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 11 ended

Active mandates

Andrea Cattivelli

Director

Active
EDC-Con

Director · 0544.348.558

Represented by Depuydt CHRISTOPHE

Active
Fabio Baro

Director

Active

Ended mandates

RAS

Manager · since 23 décembre 2014 · 0825.541.858

Represented by Christophe Depuydt

Ended
RAS

Manager · since 23 décembre 2014 · 0825.541.858

Represented by Christophe Depuydt

Ended
Christophe Depuydt

Manager · since 30 avril 2010 · until 23 décembre 2014

Ended
Christophe Depuydt

Manager · since 30 avril 2010

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelFull modelFull modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/03/202603/06/202512/04/202412/05/202312/04/202215/04/2021
General meeting19/03/202620/03/202521/03/202416/03/202317/03/202218/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/03/202625/03/2026DutchPDF
Abridged model31/12/202420/03/202503/06/2025DutchPDF
Full model31/12/202321/03/202412/04/2024DutchPDF
Full model31/12/202216/03/202312/05/2023DutchPDF
Abridged model31/12/202117/03/202212/04/2022DutchPDF
Abridged model31/12/202018/03/202115/04/2021DutchPDF
Abridged model31/12/201916/06/202023/07/2020DutchPDF
Abridged model31/12/201814/06/201905/07/2019DutchPDF
Abridged model31/12/201708/06/201803/07/2018DutchPDF
Abridged model31/12/201609/06/201706/07/2017DutchPDF
Abridged model31/12/201510/06/201607/07/2016DutchPDF
Abridged model31/12/201412/06/201508/07/2015DutchPDF
Abridged model31/12/201313/06/201425/06/2014DutchPDF
Abridged model31/12/201214/06/201305/07/2013DutchPDF
Abridged model31/12/201108/06/201203/07/2012DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 3 active · 11 ended

Active mandates

Andrea Cattivelli

Director

Active
EDC-Con

Director · 0544.348.558

Represented by Depuydt CHRISTOPHE

Active
Fabio Baro

Director

Active

Ended mandates

RAS

Manager · since 23 décembre 2014 · 0825.541.858

Represented by Christophe Depuydt

Ended
RAS

Manager · since 23 décembre 2014 · 0825.541.858

Represented by Christophe Depuydt

Ended
Christophe Depuydt

Manager · since 30 avril 2010 · until 23 décembre 2014

Ended
Christophe Depuydt

Manager · since 30 avril 2010

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring08/07/2020
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring07/05/2020
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other17/03/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ALGEMENE VERGADERING
    PDF
  • Mandates07/10/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares02/02/2018
    KAPITAAL - AANDELEN
    PDF
  • Mandates09/02/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares15/01/2014
    KAPITAAL - AANDELEN
    PDF
  • Registered office29/06/2010
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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

Timeline

  1. 2025
    Annual accounts 202550,7 k €↓
  2. 2024
    Annual accounts 202482,4 k €↑
  3. 2023
    Annual accounts 2023-160,1 k €↑
  4. 2022
    Annual accounts 2022-294,4 k €↓
  5. 2021
    Annual accounts 202170,1 k €↑
  6. 2019
    Annual accounts 201924,2 k €↓
  7. 2018
    Annual accounts 2018169,7 k €↑
  8. 2017
    Annual accounts 2017154,9 k €↑
  9. 2016
    Annual accounts 2016140,2 k €↓
  10. 2015
    Annual accounts 2015144,3 k €↓
  11. 2014
    Annual accounts 2014362,4 k €↑
  12. 2013
    Annual accounts 2013204,4 k €↑
  13. 2012
    Annual accounts 2012157,3 k €↑
  14. 2011
    Annual accounts 2011106,8 k €
  15. 30/04/2010
    IncorporationPrivate limited company