R & S ENGINEERING · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of R & S ENGINEERING is 0.6% (low). The 2022 annual accounts show equity of €297k and a net result of €55k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 78% of 129 sector peers (fiscal year 2022). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2023 was due at the National Bank by 31-07-2024. Nothing is on record today, 743 days later. 3 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	nothing on record	not filed	-
31-12-2022	31-07-2023	13-10-2023	74 d late	2023-00487715
31-12-2021	31-07-2022	03-11-2022	95 d late	2022-20482804
31-12-2020	31-07-2021	15-10-2021	76 d late	2021-72000249
31-12-2019	31-07-2020	02-12-2020	124 d late	2020-74600496
31-12-2018	31-07-2019	08-10-2019	69 d late	2019-68900478
31-12-2017	31-07-2018	27-05-2019	300 d late	2019-14800330
31-12-2016	31-07-2017	08-02-2018	192 d late	2018-04800349
31-12-2015	31-07-2016	09-03-2017	221 d late	2017-06200521
31-12-2014	31-07-2015	28-01-2016	181 d late	2016-03500489

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 2003, 23 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.6% Low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Higher-failure-rate region +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€55k+199.1%

Working capital€238k+0.1%

CSV export

Annual accounts & ratios

Source: NBB · 2022

Annual accounts filed on 13-10-2023 with the NBB · fiscal year 2022 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 5 fiscal years (±0.7%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2022 · NACE 71, Architecture & engineering · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	68.5%	39.1%	better than 78% of 129 sector peers
Net result	€55k	€24k	better than 65% of 129 sector peers
Equity	€297k	€64k	better than 67% of 129 sector peers
Gross operating margin	€81k	€50k	better than 61% of 109 sector peers
Total assets	€434k	€425k	better than 50% of 129 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P78

Stable position over 2020-2022 · n=65-129

Net result P65

Stable position over 2020-2022 · n=65-129

Equity P67

Improving position over 2020-2022 · n=65-129

Gross operating margin P61

Stable position over 2020-2022 · n=49-109

Describes the position versus peers, not a forecast.

EBITDA

€63k

+51.5% 18-22

Net profit

€55k

+199.1% 18-22

Cash flow

€341k

+16.2% 18-22

Total assets

€434k

+3.3% 18-22

Equity

€297k

+0.1% 18-22

Working capital

€238k

+0.1% 18-22

Income taxes

€17k

+92.0% 18-22

Dividends

€60k

- 18-22

Debt

€137k

+11.1% 18-22

Debt ≤ 1y

€137k

+11.1% 18-22

Current ratio

2.74

-6.5% 18-22

Quick ratio

2.74

-6.5% 18-22

Solvency

68.5%

-3.1% 18-22

Debt / equity

0.46

+11.0% 18-22

ROE

18.6%

+198.9% 18-22

ROA

12.7%

+189.6% 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	volledig
Revenue	-
EBITDA	-
Net profit	€55k
Cash flow	-
Staff costs	-
Income taxes	€17k
Dividends	-
Total assets	€434k
Equity	€297k
Debt	€137k
of which ≤ 1y	€137k
of which > 1y	-
Working capital	€238k
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	2.74
Quick ratio	2.74
Working capital ratio	54.9%
Solvency	68.5%
Debt / equity	0.46
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	12.7%
ROE	18.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €59k · 13.6% Current assets €375k · 86.4%

Equity & liabilities

Equity €297k · 68.5% Debt €137k · 31.5%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€434k
Fixed assets	21/28	€59k
Financial fixed assets	28	€59k
Current assets	29/58	€375k
Amounts receivable within one year	40/41	€337k
Investments	50/53	€777
Cash & bank	54/58	€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€434k
Equity	10/15	€297k
Contributions / capital	10/11	€19k
Reserves	13	€6k
Accumulated profits (losses)	14	€273k
Amounts payable	17/49	€137k
Amounts payable within one year	42/48	€137k
Trade debts payable within one year	44	€348
Income statement
Gross operating margin	9900	€81k
Operating result	9901	€73k
Financial charges	65	€214
Result before taxes	9903	€73k
Income taxes	67/77	€17k
Net result for the period	9904	€55k
Result to be appropriated	9905	€55k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2022 · computed

93 / 100 Excellent

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Louis Mettewielaan 641080 Sint-Jans-Molenbeek

Establishment units

1 location

Louis Mettewielaan 64, 1080 Sint-Jans-Molenbeek

Overige activiteiten in verband met computers

since 20032.114.243.573

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area4,007 m²

Buildings1

Building footprint892 m²

Volume (LiDAR)24,015 m³

Tallest building31.4 m · ±9 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21524C0204/00L002	Brussels	4,007 m²	1 · 892 m²	31.4 m · 9 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

88 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93

Profitability 93

Solvency 100

Growth 52

Stability 100

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Credit advice

verdict per customer and amount

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We hold annual accounts for 1,803 of the 11,501 companies in this sector. 1,287 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Ingenieurs en aanverwante technische adviseurs, exclusief landmeters71121Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts71121Technische studiën en ingenieursactiviteiten74203Overige diensten op het gebied van informatietechnologie en computer62090Overige diensten op het gebied van informatietechnologie en computer62900Overige technische testen en toetsen71209Overige technische testen en toetsen71209Overige activiteiten in verband met computers72600Technische testen en analyses74302

Primary activity highlighted.

Names & trade names

Legal nameFR

R & S ENGINEERING

Registered office

Louis Mettewielaan 64 bus G4

1080 Sint-Jans-Molenbeek, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.