R.H. LOCATION
ActiveSummary
R.H. LOCATION has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €287,484 and a net result of €31,259. Equity is growing by ~28.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-5
Solvency83▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity short (current ratio 0.85 against 0.8 in 2023; short-term debt: 23.1% and cash: 0.8% of total assets), and 42.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
6 d early
2023
2 d early
2022
on the day
2021
2 d early
2020
1 d early
2019
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
In the rankings
#2 company by equity in Welkenraedt, Administrative and support services sector#3 oldest company in Welkenraedt, Administrative and support services sector#5 company by total assets in Welkenraedt, Administrative and support services sector
Equity
€287,484▲ 12.2%
2023 · €256,225
Total assets
€498,533▼ 1.1%
2023 · €504,271
Net result
€31,259▼ 40.5%
2023 · €52,566
Working capital
-€16,726▲ 42.4%
2023 · -€29,026
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€18,469€160,033€54,675▼ 65.8%€83,657▲ 53.0%€51,046▼ 39.0%
Net result-€21,213below the sector's middle half€125,790above the sector's middle half€44,666above the sector's middle half▼ 64.5%€52,566above the sector's middle half▲ 17.7%€31,259above the sector's middle half▼ 40.5%
Equity€33,202within the sector's middle half▼ 39.0%€158,993above the sector's middle half▲ 379%€203,659above the sector's middle half▲ 28.1%€256,225above the sector's middle half▲ 25.8%€287,484above the sector's middle half▲ 12.2%
Total assets€197,412within the sector's middle half▼ 19.7%€290,387within the sector's middle half▲ 47.1%€367,236within the sector's middle half▲ 26.5%€504,271within the sector's middle half▲ 37.3%€498,533above the sector's middle half▼ 1.1%
Debt€164,209▼ 14.3%€102,172▼ 37.8%€141,159▲ 38.2%€232,430▲ 64.7%€202,237▼ 13.0%
Working capital-€20,881within the sector's middle half▼ 10.0%€68,249above the sector's middle half€48,731within the sector's middle half▼ 28.6%-€29,026within the sector's middle half-€16,726within the sector's middle half▲ 42.4%
Solvency16.8%within the sector's middle half▼ 5.3pp54.8%within the sector's middle half▲ 37.9pp55.5%within the sector's middle half▲ 0.7pp50.8%within the sector's middle half▼ 4.6pp57.7%within the sector's middle half▲ 6.9pp
Current ratio0.74within the sector's middle half▼ 0.042.97above the sector's middle half▲ 2.241.75within the sector's middle half▼ 1.230.80within the sector's middle half▼ 0.940.85within the sector's middle half▲ 0.05
Return on assets (ROA)-10.7%below the sector's middle half▼ 11.5pp43.3%above the sector's middle half▲ 54.1pp12.2%within the sector's middle half▼ 31.2pp10.4%within the sector's middle half▼ 1.7pp6.3%within the sector's middle half▼ 4.2pp
Staff (FTE)0.7below the sector's middle half▼ 36.4%1.15.5▲ 400%5.3▼ 3.6%
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 39% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €498,533
Fixed assets
€399,916 ▲ 3.7%
Current assets
€98,617 ▼ 16.8%
Equity and liabilities €498,533
Equity
€287,484 ▲ 12.2%
Provisions
€8,812 ▼ 43.6%
Debt
€202,237 ▼ 13.0%
Debt's share of the balance-sheet total falls from 46.1% to 40.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€171,126▲
2023 · €157,888
Cash flow
€151,340▲
2023 · €126,797
Debt to equity
0.70▼
2023 · 0.91
ROE
10.9%▼
2023 · 20.5%
Interest coverage
45.71▼
2023 · 58.80
Debt ≤ 1 year
€115,343▼
2023 · €147,532
Debt > 1 year
€86,893▲
2023 · €84,898
Income taxes
€22,973▼
2023 · €35,351
Staff costs
€40,323▼
2023 · €41,257
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €12,399 | €39,152 | €41,257 | €40,323 | ▼ 2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,260 | €28,537 | €40,755 | €74,231 | €120,081 | ▲ 61.8% |
| Other operating charges640/8 | - | €2,541 | €3,192 | €8,336 | €2,113 | ▼ 74.6% |
| Non-recurring operating charges66A | - | €15,161 | €535 | - | €111 | - |
| Gross operating margin9900 | €31,548 | €218,671 | €138,309 | €207,481 | €213,674 | ▲ 3.0% |
| Operating profit (loss)9901 | -€18,469 | €160,033 | €54,675 | €83,657 | €51,046 | ▼ 39.0% |
| Financial income75/76B | - | €31 | €734 | €143 | €126 | ▼ 11.4% |
| Recurring financial income75 | €211 | €31 | €734 | €143 | €126 | ▼ 11.4% |
| Financial charges65/66B | - | €2,760 | €2,321 | €2,685 | €3,743 | ▲ 39.4% |
| Recurring financial charges65 | €2,623 | €2,760 | €2,321 | €2,685 | €3,743 | ▲ 39.4% |
| Profit (loss) for the period before taxes9903 | -€20,881 | €157,304 | €53,088 | €81,114 | €47,429 | ▼ 41.5% |
| Transfer from deferred taxes780 | - | €4,461 | €6,803 | €6,803 | €6,803 | = |
| Transfer to deferred taxes680 | - | €33,683 | - | - | - | - |
| Income taxes67/77 | €332 | €2,291 | €15,225 | €35,351 | €22,973 | ▼ 35.0% |
| Profit (loss) for the period9904 | -€21,213 | €125,790 | €44,666 | €52,566 | €31,259 | ▼ 40.5% |
| Transfer from tax-exempt reserves789 | - | €13,382 | €20,410 | €20,410 | €20,410 | = |
| Transfer to tax-exempt reserves689 | - | €101,048 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€21,213 | €38,124 | €65,076 | €72,976 | €51,668 | ▼ 29.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €197,412 | €290,387 | €367,236 | €504,271 | €498,533 | ▼ 1.1% |
| Fixed assets21/28 | €138,949 | €187,572 | €253,245 | €385,765 | €399,916 | ▲ 3.7% |
| Tangible fixed assets22/27 | €138,949 | €187,572 | €253,245 | €385,765 | €399,916 | ▲ 3.7% |
| Land and buildings22 | - | €88,151 | €85,280 | €78,291 | €71,302 | ▼ 8.9% |
| Plant, machinery and equipment23 | - | €88,108 | €131,035 | €212,908 | €225,463 | ▲ 5.9% |
| Furniture and vehicles24 | - | - | €4,788 | €38,834 | €22,538 | ▼ 42.0% |
| Leasing and similar rights25 | - | €11,313 | €32,143 | €55,732 | €80,614 | ▲ 44.6% |
| Current assets29/58 | €58,462 | €102,815 | €113,991 | €118,506 | €98,617 | ▼ 16.8% |
| Amounts receivable within one year40/41 | €39,980 | €37,164 | €88,825 | €73,839 | €88,193 | ▲ 19.4% |
| Trade receivables40 | - | €25,714 | €88,440 | €72,660 | €87,014 | ▲ 19.8% |
| Other amounts receivable41 | - | €11,450 | €386 | €1,179 | €1,179 | = |
| Cash at bank and in hand54/58 | €15,507 | €60,887 | €20,830 | €35,967 | €4,018 | ▼ 88.8% |
| Deferred charges and accrued income490/1 | - | €4,764 | €4,336 | €8,699 | €6,406 | ▼ 26.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €197,412 | €290,387 | €367,236 | €504,271 | €498,533 | ▼ 1.1% |
| Equity10/15 | €33,202 | €158,993 | €203,659 | €256,225 | €287,484 | ▲ 12.2% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €31,359 | €139,025 | €183,615 | €236,106 | €267,296 | ▲ 13.2% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | €87,666 | €67,256 | €46,847 | €26,437 | ▼ 43.6% |
| Distributable reserves133 | - | €49,500 | €114,500 | €187,400 | €239,000 | ▲ 27.5% |
| Profit (loss) carried forward14 | -€16,749 | €1,375 | €1,451 | €1,527 | €1,596 | ▲ 4.5% |
| Provisions and deferred taxes16 | - | €29,222 | €22,419 | €15,616 | €8,812 | ▼ 43.6% |
| Deferred taxes168 | - | €29,222 | €22,419 | €15,616 | €8,812 | ▼ 43.6% |
| Amounts payable17/49 | €164,209 | €102,172 | €141,159 | €232,430 | €202,237 | ▼ 13.0% |
| Amounts payable after more than one year17 | €84,866 | €67,607 | €75,899 | €84,898 | €86,893 | ▲ 2.4% |
| Financial debts170/4 | - | €67,607 | €75,899 | €84,898 | €86,893 | ▲ 2.4% |
| Amounts payable within one year42/48 | €79,343 | €34,566 | €65,260 | €147,532 | €115,343 | ▼ 21.8% |
| Current portion of amounts payable after more than one year42 | - | €17,259 | €17,826 | €24,826 | €26,711 | ▲ 7.6% |
| Trade debts44 | €167 | €4,789 | €1,734 | €47,433 | €14,729 | ▼ 68.9% |
| Suppliers440/4 | - | €4,789 | €1,734 | €47,433 | €14,729 | ▼ 68.9% |
| Taxes, remuneration and social security45 | - | €2,701 | €28,675 | €58,369 | €67,441 | ▲ 15.5% |
| Taxes450/3 | - | €2,291 | €23,602 | €54,613 | €63,513 | ▲ 16.3% |
| Remuneration and social security454/9 | - | €410 | €5,073 | €3,755 | €3,927 | ▲ 4.6% |
| Other amounts payable47/48 | - | €9,816 | €17,025 | €16,904 | €6,462 | ▼ 61.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,213 | €125,790 | €44,666 | €52,566 | €31,259 | ▼ 40.5% |
| + Depreciation and write-downs630 | €46,260 | €28,537 | €40,755 | €74,231 | €120,081 | ▲ 61.8% |
| Operating cash flow (approximation) | €25,047 | €154,327 | €85,422 | €126,797 | €151,340 | ▲ 19.4% |
| Investment in fixed assets (approximation) | - | -€77,160 | -€106,429 | -€206,750 | -€134,232 | ▲ 35.1% |
| Change in cash | - | €45,380 | -€40,057 | €15,138 | -€31,950 | ▼ 311% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €203,659 ▲28.1%
2 profitable years in a row build equity to €203,659.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €125,790
Net result €125,790 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.97
Current ratio from 0.74 to 2.97; short-term debt falls from €79,343 to €34,566.
31-12
Financial
Equity above €150,000Eq €158,993 ▲379%
Equity rises from €33,202 to €158,993.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€21,213
Net result drops to -€21,213, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
Show earlier events
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Welkenraedt · 1 establishment unit since 1996
Ground area
1,242 m²
Building footprint
284 m²
Volume, LiDAR
2,381 m³
2 parcels, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
MH SERVICES
since 19962.075.118.129
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63032C0062/00E003 | Wallonia | 1,056 m² | 1 · 113 m² | 8.7 m · 2 fl. |
| 63079E0005/00Y004 | Wallonia | 185 m² | 1 · 171 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 514 companies in this sector we hold annual accounts for 164. 123 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded21-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
77222Rental and leasing activities
90120Visual arts creation
47540Retail sale of electrical household appliances
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456915134
Also
9925:BE0456915134
Registered
28-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.