HOLDING RSE
ActiveHOLDING RSE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128k and a net result of €9k. Equity is growing by ~28.3% per year across the filed fiscal years. Its solvency ranks better than 64% of 13977 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-2
Solvency73▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 0.51 in 2024; short-term debt: 3.6% and cash: 4.9% of total assets), but 52.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.9%
Return on assets
3.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-02-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
65 d early
2023
64 d early
2022
75 d early
2021
74 d early
2020
74 d early
2019
72 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€128k▲ 7.4%
2024 · €120k
2018: €-9k
2019: €17k
2020: €41k
2021: €63k
2022: €83k
2023: €104k
2024: €120k
2018 → 2025
Total assets
€268k▼ 9.2%
2024 · €295k
2018: €523k
2019: €484k
2020: €452k
2021: €420k
2022: €374k
2023: €345k
2024: €295k
2018 → 2025
Net result
€9k▼ 44.7%
2024 · €16k
2018: €21k
2019: €26k
2020: €24k
2021: €22k
2022: €20k
2023: €21k
2024: €16k
2018 → 2025
Working capital
€7k
2024 · €-8k
2018: €-174k
2019: €-110k
2020: €-48k
2021: €10k
2022: €6k
2023: €16k
2024: €-8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€83k▲ 31.1%€104k▲ 25.1%€120k▲ 15.4%€128k▲ 7.4%
Operating result€24k-€22k▼ 11.2%€25k▲ 13.7%€24k▼ 3.1%€13k▼ 45.7%
Net result€22k-€20k▼ 11.3%€21k▲ 5.8%€16k▼ 23.5%€9k▼ 44.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 46% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €268k
Fixed assets
€251k▼ 12.5%
Current assets
€17k▲ 104%
Equity and liabilities €268k
Equity
€128k▲ 7.4%
Debt
€139k▼ 20.5%
The debt ratio falls from 59.5% to 52.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55k▼
2024 · €65k
Cash flow
€51k▼
2024 · €57k
Solvency
47.9%▲
2024 · 40.5%
Current ratio
1.75▲
2024 · 0.51
Quick ratio
1.75▲
2024 · 0.51
Debt / equity
1.09▼
2024 · 1.47
ROE
6.9%▼
2024 · 13.3%
ROA
3.3%▼
2024 · 5.4%
Interest coverage
483.27▼
2024 · 797.57
Debt
€139k▼
2024 · €176k
Debt ≤ 1 year
€10k▼
2024 · €16k
Debt > 1 year
€129k▼
2024 · €159k
Income taxes
€4k▼
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€295k€268k▼
Fixed assets21/28€287k€251k▼
Tangible fixed assets22/27€287k€251k▼
Land and buildings22€287k€251k▼
Current assets29/58€8k€17k▲
Amounts receivable within one year40/41-€2k
Other amounts receivable41-€2k
Cash at bank and in hand54/58€6k€13k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€295k€268k▼
Equity10/15€120k€128k▲
Contributions10/11€19k€19k=
Reserves13€101k€110k▲
Distributable reserves133€101k€110k▲
Amounts payable17/49€176k€139k▼
Amounts payable after more than one year17€159k€129k▼
Other amounts payable178/9€159k€129k▼
Amounts payable within one year42/48€16k€10k▼
Trade debts44€8k€9k▲
Suppliers440/4€8k€9k▲
Taxes, remuneration and social security45€8k€917▼
Taxes450/3€8k€917▼
Accrued charges and deferred income492/3€0€690▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€42k▲
Other operating charges640/8€8k€8k▼
Gross operating margin9900€74k€63k▼
Operating profit (loss)9901€24k€13k▼
Financial charges65/66B€82€113▲
Recurring financial charges65€82€113▲
Profit (loss) for the period before taxes9903€24k€13k▼
Income taxes67/77€8k€4k▼
Profit (loss) for the period9904€16k€9k▼
Profit (loss) for the period to be appropriated9905€16k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€9k▼
Transfer to equity691/2€16k€9k▼
To other reserves6921€16k€9k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €9k ▼44.7%
Net result drops to €9k, the lowest in the series.
30-09
Financial
Liquidity triplescurrent ratio 1.75
Current ratio from 0.51 to 1.75; short-term debt falls from €16k to €10k.
24-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €100kEq €104k ▲25.1%
6 profitable years in a row build equity to €104k.
14-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity times 18current ratio 2.67
Current ratio from 0.15 to 2.67; short-term debt falls from €56k to €6k.
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €26k ▲22%
Operating result €27k, net result €26k, both a record.
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lede · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zuster Lambertinestraat 189340 LedeGround area
2,767 m²
Building footprint
278 m²
Volume, LiDAR
1,531 m³
Parcel 41034E0274/00A000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zuster Lambertinestraat 18, 9340 Lede
since 20012.095.455.366
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41034E0274/00A000 | Flanders | 2,767 m² | 1 · 278 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MUSEAL
BE 0883.955.753
Juprelle · Eq €128k
REALTY INVEST BELGIUM
BE 0743.501.931
Brussel · Eq €128k
I.T.S.
BE 0437.313.414
Mortsel · Eq €128k
WU-CHOW IMMO
BE 0667.825.204
Waremme · Eq €128k
SCRAMBLER CONSULTING
BE 0423.696.691
Boechout · Eq €128k
Of 9,139 companies in sector 68201 we hold annual accounts for 6,767. 4,428 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-09-2001
Fiscal year end30-09
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.