R2
ActiveSummary
R2 has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €314,563 and a net result of -€1,595. Equity remains stable across the filed fiscal years (±1.5% per year). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68=
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.56 in 2024; short-term debt: 2.8% and cash: 1.1% of total assets), and 2.8% of the assets are financed with debt.
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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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.2%
Return on assets
-0.5%
Age of the figures
9 mo
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
21 d early
2023
30 d early
2022
3 d early
2021
32 d early
2020
24 d early
2019
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 24 days before 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 (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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€314,563▼ 0.5%
2024 · €316,158
Total assets
€323,689▼ 1.6%
2024 · €328,947
Net result
-€1,595▲ 8.2%
2024 · -€1,738
Working capital
-€1,787▲ 68.0%
2024 · -€5,580
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
Line20212022202320242025
Operating result-€5,074▲ 58.3%€1,223-€7,773-€1,709▲ 78.0%-€1,492▲ 12.7%
Net result-€5,097▲ 58.4%€1,131-€8,035-€1,738▲ 78.4%-€1,595▲ 8.2%
Equity€324,799▼ 1.5%€325,931▲ 0.3%€317,896▼ 2.5%€316,158▼ 0.5%€314,563▼ 0.5%
Total assets€341,994▲ 0.2%€335,711▼ 1.8%€338,368▲ 0.8%€328,947▼ 2.8%€323,689▼ 1.6%
Debt€17,195▲ 48.9%€9,780▼ 43.1%€20,472▲ 109%€12,788▼ 37.5%€9,126▼ 28.6%
Working capital-€10,847▼ 16.2%-€4,835▲ 55.4%-€12,312▼ 155%-€5,580▲ 54.7%-€1,787▲ 68.0%
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 stays negative: a loss of €1,492 in 2025 against €1,709 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €323,689
Fixed assets
€316,350 ▼ 1.7%
Current assets
€7,339 ▲ 1.8%
Equity and liabilities €323,689
Equity
€314,563 ▼ 0.5%
Debt
€9,126 ▼ 28.6%
Debt's share of the balance-sheet total falls from 3.9% to 2.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7,487▲
2024 · €6,760
Cash flow
€7,384▲
2024 · €6,732
Current ratio
0.80▲
2024 · 0.56
Debt to equity
0.03▼
2024 · 0.04
ROE
-0.5%▲
2024 · -0.5%
ROA
-0.5%▲
2024 · -0.5%
Interest coverage
72.34▼
2024 · 237.21
Debt ≤ 1 year
€9,126▼
2024 · €12,788
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,486 | €6,887 | €8,469 | €8,469 | €8,979 | ▲ 6.0% |
| Other operating charges640/8 | €2,350 | €1,989 | €2,165 | €2,238 | €2,297 | ▲ 2.6% |
| Gross operating margin9900 | €3,762 | €10,099 | €2,862 | €8,999 | €9,784 | ▲ 8.7% |
| Operating profit (loss)9901 | -€5,074 | €1,223 | -€7,773 | -€1,709 | -€1,492 | ▲ 12.7% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €23 | €91 | €262 | €29 | €104 | ▲ 263% |
| Recurring financial charges65 | €23 | €91 | €262 | €29 | €104 | ▲ 263% |
| Profit (loss) for the period before taxes9903 | -€5,097 | €1,131 | -€8,035 | -€1,738 | -€1,595 | ▲ 8.2% |
| Profit (loss) for the period9904 | -€5,097 | €1,131 | -€8,035 | -€1,738 | -€1,595 | ▲ 8.2% |
| Profit (loss) for the period to be appropriated9905 | -€5,097 | €1,131 | -€8,035 | -€1,738 | -€1,595 | ▲ 8.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €341,994 | €335,711 | €338,368 | €328,947 | €323,689 | ▼ 1.6% |
| Fixed assets21/28 | €335,647 | €330,765 | €330,208 | €321,738 | €316,350 | ▼ 1.7% |
| Tangible fixed assets22/27 | €335,647 | €330,765 | €330,208 | €321,738 | €316,350 | ▼ 1.7% |
| Land and buildings22 | €335,647 | €330,765 | €330,208 | €321,738 | €316,350 | ▼ 1.7% |
| Current assets29/58 | €6,347 | €4,946 | €8,161 | €7,209 | €7,339 | ▲ 1.8% |
| Amounts receivable within one year40/41 | €2,835 | €3,858 | €6,569 | €2,575 | €3,794 | ▲ 47.3% |
| Other amounts receivable41 | €2,835 | €3,858 | €6,569 | €2,575 | €3,794 | ▲ 47.3% |
| Cash at bank and in hand54/58 | €3,512 | €1,087 | €1,592 | €4,633 | €3,545 | ▼ 23.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €341,994 | €335,711 | €338,368 | €328,947 | €323,689 | ▼ 1.6% |
| Equity10/15 | €324,799 | €325,931 | €317,896 | €316,158 | €314,563 | ▼ 0.5% |
| Contributions10/11 | €367,000 | €367,000 | €367,000 | €367,000 | €367,000 | = |
| Profit (loss) carried forward14 | -€42,201 | -€41,069 | -€49,104 | -€50,842 | -€52,437 | ▼ 3.1% |
| Amounts payable17/49 | €17,195 | €9,780 | €20,472 | €12,788 | €9,126 | ▼ 28.6% |
| Amounts payable within one year42/48 | €17,195 | €9,780 | €20,472 | €12,788 | €9,126 | ▼ 28.6% |
| Trade debts44 | €266 | €0 | €1,254 | €192 | €416 | ▲ 117% |
| Suppliers440/4 | €266 | €0 | €1,254 | €192 | €416 | ▲ 117% |
| Other amounts payable47/48 | €16,929 | €9,780 | €19,218 | €12,597 | €8,709 | ▼ 30.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,097 | €1,131 | -€8,035 | -€1,738 | -€1,595 | ▲ 8.2% |
| + Depreciation and write-downs630 | €6,486 | €6,887 | €8,469 | €8,469 | €8,979 | ▲ 6.0% |
| Operating cash flow (approximation) | €1,389 | €8,018 | €435 | €6,732 | €7,384 | ▲ 9.7% |
| Investment in fixed assets (approximation) | - | -€2,006 | -€7,912 | €0 | -€3,591 | - |
| Change in cash | - | -€2,425 | €505 | €3,041 | -€1,088 | ▼ 136% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €1,131
Net result €1,131 after 4 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€12,262
Net result drops to -€12,262, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Genk
Ground area
451 m²
Building footprint
161 m²
Volume, LiDAR
956 m³
Parcel 71016I0530/00T000, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71016I0530/00T000 | Flanders | 451 m² | 1 · 161 m² | 12.2 m · 2 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
Founded20-06-2007
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.