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R21M

Active
Private limited companyfounded 20242 yrs activeHovenierslaan 7, 3600 Genk, BelgiumKBO/BCE: BE 1013.279.717
Summary

The computed 12-month bankruptcy probability of R21M is 3.4% (moderate). The 2025 annual accounts show negative equity (-€2,340) and a net result of -€5,340. Its solvency ranks better than 19% of 18606 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency14
Growth-
Track record67
Bankruptcy probability, 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.9; short-term debt: 110.7% and cash: 15.6% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-10.7%
Return on assets
-24.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 1 filing
Deviation from the deadline
2025
21 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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

History

On 6 September 2024, R21M was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€2,340
Total assets
€21,881
Net result
-€5,340
Working capital
-€2,340

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

Key figures and ratios
2025 value
EBITDA
-€3,094
Cash flow
-€3,408
Solvency
-10.7%
Current ratio
0.90
Quick ratio
0.54
Debt to equity
-10.35
ROA
-24.4%
Interest coverage
-9.75
Debt
€24,221
Debt ≤ 1 year
€24,221

Peer companies

Historical observation

Of the 7,657 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.3% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.4% over twelve months; the group does not contradict it.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 7,657 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 29 lines
Balance sheet Code2025
Assets
Total assets20/58€21,881
Current assets29/58€21,881
Stocks and contracts in progress3€8,870
Stocks30/36€8,870
Amounts receivable within one year40/41€9,600
Trade receivables40€8,870
Other amounts receivable41€730
Cash at bank and in hand54/58€3,411
Equity and liabilities
Total equity and liabilities10/49€21,881
Equity10/15-€2,340
Contributions10/11€3,000
Profit (loss) carried forward14-€5,340
Amounts payable17/49€24,221
Amounts payable within one year42/48€24,221
Trade debts44€9,743
Suppliers440/4€9,743
Other amounts payable47/48€14,478
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,932
Other operating charges640/8€62
Gross operating margin9900-€3,032
Operating profit (loss)9901-€5,026
Financial income75/76B€3
Recurring financial income75€3
Financial charges65/66B€317
Recurring financial charges65€317
Profit (loss) for the period before taxes9903-€5,340
Profit (loss) for the period9904-€5,340
Profit (loss) for the period to be appropriated9905-€5,340
Appropriation of the result
Profit (loss) to be appropriated9906-€5,340

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,932
Other operating charges640/8€62
Gross operating margin9900-€3,032
Operating profit (loss)9901-€5,026
Financial income75/76B€3
Recurring financial income75€3
Financial charges65/66B€317
Recurring financial charges65€317
Profit (loss) for the period before taxes9903-€5,340
Profit (loss) for the period9904-€5,340
Profit (loss) for the period to be appropriated9905-€5,340
Line2025
Assets
Total assets20/58€21,881
Current assets29/58€21,881
Stocks and contracts in progress3€8,870
Stocks30/36€8,870
Amounts receivable within one year40/41€9,600
Trade receivables40€8,870
Other amounts receivable41€730
Cash at bank and in hand54/58€3,411
Equity and liabilities
Total equity and liabilities10/49€21,881
Equity10/15-€2,340
Contributions10/11€3,000
Profit (loss) carried forward14-€5,340
Amounts payable17/49€24,221
Amounts payable within one year42/48€24,221
Trade debts44€9,743
Suppliers440/4€9,743
Other amounts payable47/48€14,478
Line2025
Profit (loss) for the period9904-€5,340
+ Depreciation and write-downs630€1,932
Operating cash flow (approximation)-€3,408

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
21-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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 · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
529 m²
Building footprint
112 m²
Volume, LiDAR
572 m³
Parcel 71307H0034/00P117, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
R21M
Hovenierslaan 7, 3600 GenkIntermediation services for non-specialised retail
since 20242.363.960.274
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71307H0034/00P117 Flanders 529 m² 1 · 112 m² 10.0 m · 1 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,955 companies in sector 47120 we hold annual accounts for 2,193. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded06-09-2024
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
E-invoicing
Reachable via Peppol
Peppol ID 0208:1013279717
Also 9925:BE1013279717
Registered 16-04-2026

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.