R17

Active

Public limited companyfounded 200817 yrs activeRouppeplein 17, 1000 Brussel, BelgiumKBO/BCE: BE 0808.119.371

R17 has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-2.00M) and a net result of €-255k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1852 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).

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Checked score

Score 2024

32 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-48

Solvency0=

Growth78=

Track record100

Bankruptcy probability, 12 months

1.5% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.15 against 0.15 in 2023; short-term debt: 471.8% and cash: 55.4% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 2024

Solvency, return and age of the figures

Solvency

-377.2%

Return on assets

-48.1%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 55

Relative position

BE, all sectors

reference

Sector 55

higher

← fewer bankruptcies more bankruptcies →

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-2.00M

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

3 d early

2023

30 d early

2022

4 d early

2021

361 d late

2020

12 d early

2019

69 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€1.61M

EBIT margin

-93.7%

Net result

€-255k

2023 · €2k

2018: €-1.82M 2019: €-1.49M 2020: €-1.70M 2021: €-1.01M 2022: €-949k 2023: €2k

2018 → 2024

Working capital

€-2.12M▼ 9.5%

2023 · €-1.93M

2018: €-6.75M 2019: €-8.62M 2020: €-400k 2021: €41k 2022: €-2.02M 2023: €-1.93M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€216k-€-797k€-1.75M▼ 119%€-1.74M▲ 0.1%€-2.00M▼ 14.6%

Operating result€-1.21M-€-976k▲ 19.4%€-903k▲ 7.5%€38k€-220k

Net result€-1.70M-€-1.01M▲ 40.4%€-949k▲ 6.3%€2k€-255k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €220k after €38k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €530k

28.1%

71.9%

Fixed assets €149k▼ 32.7%

Current assets €381k▲ 9.3%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-148k▼

2023 · €123k

Cash flow

€-183k▼

2023 · €87k

Solvency

-377.2%▼

2023 · -306.0%

Current ratio

0.15▼

2023 · 0.15

Quick ratio

0.15▼

2023 · 0.15

Debt / equity

-1.27▲

2023 · -1.33

ROA

-48.1%▼

2023 · 0.4%

Interest coverage

-4.25▼

2023 · 3.43

Debt

€2.53M▲

2023 · €2.31M

Debt ≤ 1 year

€2.50M▲

2023 · €2.28M

Staff costs

€0▼

2023 · €5k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€570k€530k▼

Fixed assets21/28€221k€149k▼

Tangible fixed assets22/27€221k€149k▼

Plant, machinery and equipment23€16k€13k▼

Furniture and vehicles24€175k€109k▼

Assets under construction and advance payments27€29k€26k▼

Financial fixed assets28€300€300=

Current assets29/58€348k€381k▲

Amounts receivable within one year40/41€186k€87k▼

Trade receivables40€156k€54k▼

Other amounts receivable41€30k€33k▲

Cash at bank and in hand54/58€162k€294k▲

Deferred charges and accrued income490/1€0€506▲

Equity and liabilities

Total equity and liabilities10/49€570k€530k▼

Equity10/15€-1.74M€-2.00M▼

Contributions10/11€9.77M€9.77M=

Capital10€9.77M€9.77M=

Issued capital100€9.77M€9.77M=

Profit (loss) carried forward14€-11.51M€-11.77M▼

Amounts payable17/49€2.31M€2.53M▲

Amounts payable within one year42/48€2.28M€2.50M▲

Trade debts44€270k€763k▲

Suppliers440/4€270k€763k▲

Other amounts payable47/48€2.01M€1.74M▼

Accrued charges and deferred income492/3€29k€29k▼

Income statement Code20232024

Non-recurring operating income76A€18k€6k▼

Remuneration, social security and pensions62€5k€0▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€72k▼

Other operating charges640/8€917€460▼

Non-recurring operating charges66A€0-

Gross operating margin9900€129k€-147k▼

Operating profit (loss)9901€38k€-220k▼

Financial income75/76B€0-

Recurring financial income75€0-

Financial charges65/66B€36k€35k▼

Recurring financial charges65€36k€35k▼

Profit (loss) for the period before taxes9903€2k€-255k▼

Income taxes67/77€0-

Profit (loss) for the period9904€2k€-255k▼

Profit (loss) for the period to be appropriated9905€2k€-255k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-11.51M€-11.77M▼

Profit (loss) brought forward from the previous period14P€-11.51M€-11.51M=

Social balance

Average headcount (FTE)90870.0-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

28-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

01-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Back to profitnet €2k

Net result €2k after 5 loss-making years.

27-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

27-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 361 days late

2021

31-12

Financial Liquidity quadruplescurrent ratio 1.38

Current ratio from 0.33 to 1.38; short-term debt falls from €593k to €106k.

19-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Equity above €200kEq €216k

Equity rises from €-7.79M to €216k.

08-10

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 69 days late

24-01

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 177 days late

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 31 days late

27-03

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 239 days late

2016

29-12

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 151 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

20 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, Brussel · 1 establishment unit since 2008

establishment The establishment unit on the map

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.

Rouppeplein 171000 Brussel

Ground area

360 m²

Building footprint

345 m²

Volume, LiDAR

6,824 m³