R & S ENGINEERING
ActiveSummary
The computed 12-month bankruptcy probability of R & S ENGINEERING is 2.8% (moderate). For R & S ENGINEERING, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €297,170 and a net result of €55,260. Equity remains stable across the filed fiscal years (±0.7% per year). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability69▲+21
Solvency93▼-3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022Solvency, return and age of the figures
Solvency
68.5%
Return on assets
12.7%
Age of the figures
45 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 13-10-2023, 74 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
74 d late
2021
95 d late
2020
76 d late
2019
124 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 92 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€55,260▲ 199%
2021 · €18,474
Working capital
€238,035▲ 0.1%
2021 · €237,774
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€44,347-€41,777▼ 5.8%€63,321▲ 51.6%€27,863▼ 56.0%€72,749▲ 161%
Net result€31,093-€31,752▲ 2.1%€47,439▲ 49.4%€18,474▼ 61.1%€55,260▲ 199%
Equity€286,244-€317,996▲ 11.1%€305,435▼ 4.0%€296,909▼ 2.8%€297,170▲ 0.1%
Total assets€322,860-€377,859▲ 17.0%€390,395▲ 3.3%€419,955▲ 7.6%€433,838▲ 3.3%
Debt€36,616-€59,863▲ 63.5%€84,960▲ 41.9%€123,046▲ 44.8%€136,668▲ 11.1%
Working capital€226,940-€258,777▲ 14.0%€246,300▼ 4.8%€237,774▼ 3.5%€238,035▲ 0.1%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 161% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €433,838
Fixed assets
€59,135 =
Current assets
€374,703 ▲ 3.8%
Equity and liabilities €433,838
Equity
€297,170 ▲ 0.1%
Debt
€136,668 ▲ 11.1%
Debt's share of the balance-sheet total rises from 29.3% to 31.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.74▼
2021 · 2.93
Debt to equity
0.46▲
2021 · 0.41
ROE
18.6%▲
2021 · 6.2%
ROA
12.7%▲
2021 · 4.4%
Debt ≤ 1 year
€136,668▲
2021 · €123,046
Income taxes
€17,275▲
2021 · €8,999
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €84 | €85 | €84 | - | - | - |
| Other operating charges640/8 | - | - | - | €14,410 | €8,231 | ▼ 42.9% |
| Gross operating margin9900 | €56,148 | €44,934 | €66,850 | €42,273 | €80,980 | ▲ 91.6% |
| Operating profit (loss)9901 | €44,347 | €41,777 | €63,321 | €27,863 | €72,749 | ▲ 161% |
| Financial charges65/66B | - | - | - | €390 | €214 | ▼ 45.1% |
| Recurring financial charges65 | €718 | €171 | €248 | €390 | €214 | ▼ 45.1% |
| Profit (loss) for the period before taxes9903 | €39,832 | €41,606 | €63,073 | €27,473 | €72,535 | ▲ 164% |
| Income taxes67/77 | €8,739 | €9,854 | €15,634 | €8,999 | €17,275 | ▲ 92.0% |
| Profit (loss) for the period9904 | €31,093 | €31,752 | €47,439 | €18,474 | €55,260 | ▲ 199% |
| Profit (loss) for the period to be appropriated9905 | €31,093 | €31,752 | €47,439 | €18,474 | €55,260 | ▲ 199% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €322,860 | €377,859 | €390,395 | €419,955 | €433,838 | ▲ 3.3% |
| Fixed assets21/28 | €59,304 | €59,219 | €59,135 | €59,135 | €59,135 | = |
| Tangible fixed assets22/27 | €169 | €84 | - | - | - | - |
| Financial fixed assets28 | €59,135 | €59,135 | €59,135 | €59,135 | €59,135 | = |
| Current assets29/58 | €263,556 | €318,640 | €331,260 | €360,820 | €374,703 | ▲ 3.8% |
| Amounts receivable after more than one year29 | - | - | - | €336,715 | €33,000 | ▼ 90.2% |
| Other amounts receivable291 | - | - | - | €336,715 | €33,000 | ▼ 90.2% |
| Amounts receivable within one year40/41 | €2,936 | €1,004 | €6,052 | €22,851 | €336,940 | ▲ 1,375% |
| Trade receivables40 | - | - | - | €22,531 | €17,736 | ▼ 21.3% |
| Other amounts receivable41 | - | - | - | €320 | €319,203 | ▲ 99,651% |
| Current investments50/53 | - | - | - | - | €777 | - |
| Cash at bank and in hand54/58 | €524 | €3,942 | €10,643 | €1,254 | €3,986 | ▲ 218% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €322,860 | €377,859 | €390,395 | €419,955 | €433,838 | ▲ 3.3% |
| Equity10/15 | €286,244 | €317,996 | €305,435 | €296,909 | €297,170 | ▲ 0.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - |
| Reserves13 | €5,766 | €5,766 | €5,766 | €5,766 | €5,766 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Tax-exempt reserves132 | - | - | - | €3,906 | €3,906 | = |
| Profit (loss) carried forward14 | €261,878 | €293,630 | €281,069 | €272,543 | €272,803 | ▲ 0.1% |
| Amounts payable17/49 | €36,616 | €59,863 | €84,960 | €123,046 | €136,668 | ▲ 11.1% |
| Amounts payable within one year42/48 | €36,616 | €59,863 | €84,960 | €123,046 | €136,668 | ▲ 11.1% |
| Trade debts44 | €5,091 | €2,936 | €1,316 | €2,190 | €348 | ▼ 84.1% |
| Suppliers440/4 | - | - | - | €2,190 | €348 | ▼ 84.1% |
| Taxes, remuneration and social security45 | - | - | - | €112,756 | €116,720 | ▲ 3.5% |
| Taxes450/3 | - | - | - | €112,756 | €116,720 | ▲ 3.5% |
| Other amounts payable47/48 | - | - | - | €8,100 | €19,601 | ▲ 142% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,093 | €31,752 | €47,439 | €18,474 | €55,260 | ▲ 199% |
| + Depreciation and write-downs630 | €84 | €85 | €84 | - | - | - |
| Operating cash flow (approximation) | €31,177 | €31,837 | €47,523 | €18,474 | €55,260 | ▲ 199% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€0 | - |
| Change in cash | - | €3,418 | €6,701 | -€9,389 | €2,732 | ▲ 129% |
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
2023
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 74 days late
2022
31-12
Financial
Highest result since 2018net €55,260 ▲199%
Operating result €72,749, net result €55,260, both a record.
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 95 days late
2021
31-12
Financial
Weakest financial yearnet €18,474 ▼61.1%
Net result drops to €18,474, the lowest in the series; recovery starts the following year.
15-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 76 days late
2020
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 124 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 69 days late
27-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 300 days late
2018
08-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 192 days late
2017
09-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 221 days late
2016
28-01
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 181 days late
2014
20-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 81 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Sint-Jans-Molenbeek · 1 establishment unit since 2003
Ground area
4,007 m²
Building footprint
892 m²
Volume, LiDAR
24,015 m³
Parcel 21524C0204/00L002, Brussels · tallest building 31.4 m, ±9 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Louis Mettewielaan 64, 1080 Sint-Jans-Molenbeek
since 20032.114.243.573
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0204/00L002 | Brussels | 4,007 m² | 1 · 892 m² | 31.4 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded14-01-2003
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.