R-STREAM
ActiveSummary
The annual accounts of R-STREAM for fiscal year 2025 show a net loss of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €131,085 and a net result of -€173,966. Equity is shrinking by ~33.5% per year across the filed fiscal years. Its solvency ranks better than 31% of 181 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
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Signals
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 309 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 88% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 309 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €7.8m | €6.5m | €2.8m | - | - | - |
| Turnover70 | €7.7m | €6.5m | €2.6m | - | - | - |
| Other operating income74 | €79,836 | €60,807 | €209,193 | - | - | - |
| Operating charges60/66A | €7.7m | €6.5m | €2.6m | - | - | - |
| Goods for resale, raw materials and consumables60 | €3.3m | €2.1m | €886,313 | - | - | - |
| Purchases600/8 | €3.3m | €2.1m | €886,313 | - | - | - |
| Services and other goods61 | €3.3m | €3.0m | €1.2m | - | - | - |
| Remuneration, social security and pensions62 | €973,369 | €1.1m | €509,433 | €401,747 | €457,449 | ▲ 13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,055 | €27,971 | €11,978 | €18,428 | €34,435 | ▲ 86.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €70,921 | -€70,921 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €136,580 | -€136,580 | - | - | - |
| Other operating charges640/8 | €89,278 | €39,045 | €183,929 | €201,844 | €82,753 | ▼ 59.0% |
| Non-recurring operating charges66A | - | - | €44,991 | €207 | - | - |
| Gross operating margin9900 | - | - | - | €148,244 | €408,001 | ▲ 175% |
| Operating profit (loss)9901 | €66,146 | €67,617 | €150,958 | -€473,982 | -€166,636 | ▲ 64.8% |
| Financial income75/76B | €21,026 | €21,884 | €17,564 | €6,199 | €11,053 | ▲ 78.3% |
| Recurring financial income75 | €21,026 | €12,917 | €1,853 | €1 | €24 | ▲ 2,300% |
| Income from current assets751 | €17,449 | €4,088 | €1,791 | - | - | - |
| Other financial income752/9 | €3,577 | €8,829 | €62 | - | - | - |
| Non-recurring financial income76B | - | €8,967 | €15,711 | €6,198 | €11,029 | ▲ 77.9% |
| Financial charges65/66B | €27,375 | €29,342 | €21,201 | €7,984 | €17,337 | ▲ 117% |
| Recurring financial charges65 | €27,375 | €29,342 | €21,201 | €7,984 | €17,337 | ▲ 117% |
| Debt charges650 | €4,569 | €450 | €16,243 | - | - | - |
| Other financial charges652/9 | €22,806 | €28,892 | €4,958 | - | - | - |
| Profit (loss) for the period before taxes9903 | €59,797 | €60,159 | €147,321 | -€475,767 | -€172,920 | ▲ 63.7% |
| Income taxes67/77 | €3,480 | €2,392 | €1,069 | €2,849 | €1,046 | ▼ 63.3% |
| Taxes670/3 | €3,480 | €2,392 | €1,069 | - | - | - |
| Profit (loss) for the period9904 | €56,317 | €57,767 | €146,252 | -€478,616 | -€173,966 | ▲ 63.7% |
| Profit (loss) for the period to be appropriated9905 | €56,317 | €57,767 | €146,252 | -€478,616 | -€173,966 | ▲ 63.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.5m | €3.4m | €1.7m | €530,205 | €619,906 | ▲ 16.9% |
| Fixed assets21/28 | €40,990 | €59,923 | €17,731 | €90,951 | €186,230 | ▲ 105% |
| Intangible fixed assets21 | - | - | - | €81,732 | €173,716 | ▲ 113% |
| Tangible fixed assets22/27 | €40,712 | €59,645 | €17,453 | €8,941 | €12,236 | ▲ 36.9% |
| Plant, machinery and equipment23 | €20,213 | €44,519 | €11,456 | €5,292 | €10,937 | ▲ 107% |
| Furniture and vehicles24 | €4,668 | €4,441 | €635 | €404 | €172 | ▼ 57.4% |
| Other tangible fixed assets26 | €15,831 | €10,685 | €5,362 | €3,245 | €1,127 | ▼ 65.3% |
| Financial fixed assets28 | €278 | €278 | €278 | €278 | €278 | = |
| Other financial fixed assets284/8 | €278 | €278 | €278 | - | - | - |
| Amounts receivable and cash guarantees285/8 | €278 | €278 | €278 | - | - | - |
| Current assets29/58 | €3.4m | €3.4m | €1.6m | €439,254 | €433,676 | ▼ 1.3% |
| Amounts receivable within one year40/41 | €1.6m | €2.1m | €720,608 | €221,541 | €296,993 | ▲ 34.1% |
| Trade receivables40 | €1.5m | €2.0m | €720,608 | €221,541 | €296,993 | ▲ 34.1% |
| Other amounts receivable41 | €106,152 | €72,344 | - | - | - | - |
| Cash at bank and in hand54/58 | €1.7m | €1.2m | €906,677 | €200,112 | €121,184 | ▼ 39.4% |
| Deferred charges and accrued income490/1 | €134,001 | €22,401 | €18,596 | €17,601 | €15,499 | ▼ 11.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.5m | €3.4m | €1.7m | €530,205 | €619,906 | ▲ 16.9% |
| Equity10/15 | €1.8m | €637,415 | €783,667 | €305,051 | €131,085 | ▼ 57.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €1.8m | €569,215 | €715,467 | €236,851 | €62,885 | ▼ 73.4% |
| Provisions and deferred taxes16 | - | €136,580 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €136,580 | - | - | - | - |
| Other liabilities and charges164/5 | - | €136,580 | - | - | - | - |
| Amounts payable17/49 | €1.7m | €2.7m | €879,945 | €225,154 | €488,821 | ▲ 117% |
| Amounts payable within one year42/48 | €958,412 | €2.3m | €868,268 | €224,224 | €480,994 | ▲ 115% |
| Financial debts43 | €40,894 | - | - | - | - | - |
| Credit institutions430/8 | €40,894 | - | - | - | - | - |
| Trade debts44 | €730,087 | €778,822 | €112,617 | €138,186 | €150,811 | ▲ 9.1% |
| Suppliers440/4 | €730,087 | €778,822 | €112,617 | €138,186 | €150,811 | ▲ 9.1% |
| Taxes, remuneration and social security45 | €182,031 | €236,526 | €63,524 | €86,038 | €80,183 | ▼ 6.8% |
| Taxes450/3 | €64,775 | €126,878 | €31,482 | €26,790 | €26,287 | ▼ 1.9% |
| Remuneration and social security454/9 | €117,256 | €109,648 | €32,042 | €59,248 | €53,896 | ▼ 9.0% |
| Other amounts payable47/48 | €5,400 | €1.3m | €692,127 | - | €250,000 | - |
| Accrued charges and deferred income492/3 | €702,137 | €379,500 | €11,677 | €930 | €7,827 | ▲ 742% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,317 | €57,767 | €146,252 | -€478,616 | -€173,966 | ▲ 63.7% |
| + Depreciation and write-downs630 | €28,055 | €27,971 | €11,978 | €18,428 | €34,435 | ▲ 86.9% |
| Operating cash flow (approximation) | €84,372 | €85,738 | €158,230 | -€460,188 | -€139,531 | ▲ 69.7% |
| Investment in fixed assets (approximation) | - | -€46,904 | €30,214 | -€91,648 | -€129,714 | ▼ 41.5% |
| Change in cash | - | -€474,894 | -€322,373 | -€706,565 | -€78,928 | ▲ 88.8% |
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
09-09
State Gazette act
Reappointments: STEPHANE BUISSERET, AIRPAR and TASTE CONSULT6 facts ▸
- General meeting, 01-05-2025
- Director reappointment, STEPHANE BUISSERET (director)
- Director reappointment, AIRPAR (director)
- Director reappointment, TASTE CONSULT (director)
- Director reappointment, STEPHANE BUISSERET (managing director)
- Director reappointment, AIRPAR (managing director)
Show earlier events
About the unread acts
Of the 15 Belgian State Gazette acts we know for this company, 1 has been read. The other 14 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 3
Day-to-day management 2
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0042/00H002 | Brussels | 7,608 m² | 1 · 1,019 m² | 35.8 m · 10 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| AIRPAR |
|
| STEPHANE BUISSERET |
|
| TASTE CONSULT |
|
Structure & network
Owners and holdings
2 ownersChain of control
- R-FIN PARTNERS
- R-STREAM
Highest known parent: R-FIN PARTNERS. The sources do not say who stands above it.
Owners 2
- R-FIN PARTNERSparent100%
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 connected companiesThe connected companies are in the list below.
Public money · subsidies and aid
European Union, budget
2021 to 2022 · 5 entries| Year | Entries | awarded |
|---|---|---|
| 2022 | 1 | 0 EUR |
| 2021 | 4 | 0 EUR |
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.