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R8TS

Active
Public limited companyfounded 199035 yrs activeCollegestraat 33, 1050 Elsene, BelgiumKBO/BCE: BE 0442.314.753
Summary

The computed 12-month bankruptcy probability of R8TS is 2.8% (moderate). The 2025 annual accounts show negative equity (-€54,277) and a net result of -€1,593. Equity is shrinking by ~7.6% per year across the filed fiscal years. The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Age of the figures
Age of the figures
19 mo
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · 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
highest failure risk from 2 to 8 years 35 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€54,277
neutral · Filed after the deadline
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 28-10-2025, 28 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 · 10 filings
Deviation from the deadline
2025
28 d late
2024
92 d late
2023
81 d late
2022
30 d early
2021
61 d late
2020
29 d late
2019
16 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 40 days after 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 (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

R8TS was incorporated on 31 December 1990.1 Total assets fell from EUR 15,534 in 2019 to EUR 2,896 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1,593▲ 17.1%
2024 · -€1,922
Working capital
-€54,189▼ 2.9%
2024 · -€52,674
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-€4,287▼ 14.6%-€3,985▲ 7.1%-€3,721▲ 6.6%-€1,921▲ 48.4%-€1,592▲ 17.1%
Net result-€4,288▼ 10.5%-€3,985▲ 7.1%-€3,722▲ 6.6%-€1,922▲ 48.4%-€1,593▲ 17.1%
Equity-€43,055▼ 11.1%-€47,041▼ 9.3%-€50,762▼ 7.9%-€52,684▼ 3.8%-€54,277▼ 3.0%
Total assets€9,652▼ 22.9%€6,780▼ 29.8%€3,923▼ 42.1%€2,972▼ 24.2%€2,896▼ 2.5%
Debt€52,707▲ 2.8%€53,821▲ 2.1%€54,685▲ 1.6%€55,656▲ 1.8%€57,173▲ 2.7%
Working capital-€49,736▼ 2.9%-€50,849▼ 2.2%-€51,712▼ 1.7%-€52,674▼ 1.9%-€54,189▼ 2.9%
Result per fiscal year
Operating resultNet result
-€6,000-€4,000-€2,000€0Operating result 2021: -€4,287-€4,287Net result 2021: -€4,288-€4,288Operating result 2022: -€3,985-€3,985Net result 2022: -€3,985-€3,985Operating result 2023: -€3,721-€3,721Net result 2023: -€3,722-€3,722Operating result 2024: -€1,921-€1,921Net result 2024: -€1,922-€1,922Operating result 2025: -€1,592-€1,592Net result 2025: -€1,593-€1,59320212022202320242025-€4,000-€3,000-€2,000-€1,000€0Operating result 2023: -€3,721-€3,720Net result 2023: -€3,722-€3,720Operating result 2024: -€1,921-€1,920Net result 2024: -€1,922-€1,920Operating result 2025: -€1,592-€1,590Net result 2025: -€1,593-€1,590202320242025
The operating result stays negative: a loss of €1,592 in 2025 against €1,921 in 2024; the loss shrinks.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€1,517▼
2024 · -€971
Cash flow
-€1,518▼
2024 · -€972
Interest coverage
-2486.72▼
2024 · -1312.36
Debt ≤ 1 year
€57,085▲
2024 · €55,571
Ratios withheld: a balance sheet total of €2,896 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more
4.1% went bankrupt
9.8% 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 2.8% 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 6,639 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 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€2,972€2,896▼
Fixed assets21/28€75-
Tangible fixed assets22/27€75-
Assets under construction and advance payments27€75-
Current assets29/58€2,897€2,896=
Cash at bank and in hand54/58€2,897€2,896=
Equity and liabilities
Total equity and liabilities10/49€2,972€2,896▼
Equity10/15-€52,684-€54,277▼
Contributions10/11€62,237€62,237=
Capital10€62,237€62,237=
Issued capital100€62,237€62,237=
Profit (loss) carried forward14-€114,921-€116,514▼
Amounts payable17/49€55,656€57,173▲
Amounts payable within one year42/48€55,571€57,085▲
Trade debts44€63€977▲
Suppliers440/4€63€977▲
Other amounts payable47/48€55,508€56,108▲
Accrued charges and deferred income492/3€85€88▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€950€75▼
Gross operating margin9900-€971-€1,517▼
Operating profit (loss)9901-€1,921-€1,592▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€1€1▼
Recurring financial charges65€1€1▼
Profit (loss) for the period before taxes9903-€1,922-€1,593▲
Income taxes67/77€0-
Profit (loss) for the period9904-€1,922-€1,593▲
Profit (loss) for the period to be appropriated9905-€1,922-€1,593▲
Appropriation of the result
Profit (loss) to be appropriated9906-€114,921-€116,514▼
Profit (loss) brought forward from the previous period14P-€112,999-€114,921▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,871€2,871€2,857€950€75▼ 92.1%
Gross operating margin9900-€1,416-€1,114-€864-€971-€1,517▼ 56.2%
Operating profit (loss)9901-€4,287-€3,985-€3,721-€1,921-€1,592▲ 17.1%
Financial income75/76B---€0--
Recurring financial income75---€0--
Financial charges65/66B-€0€0€1€1▼ 17.6%
Recurring financial charges65€0€0€0€1€1▼ 17.6%
Profit (loss) for the period before taxes9903-€4,288-€3,985-€3,722-€1,922-€1,593▲ 17.1%
Income taxes67/77---€0--
Profit (loss) for the period9904-€4,288-€3,985-€3,722-€1,922-€1,593▲ 17.1%
Profit (loss) for the period to be appropriated9905-€4,288-€3,985-€3,722-€1,922-€1,593▲ 17.1%
Line20212022202320242025Change
Assets
Total assets20/58€9,652€6,780€3,923€2,972€2,896▼ 2.5%
Fixed assets21/28€6,754€3,882€1,025€75--
Tangible fixed assets22/27€6,754€3,882€1,025€75--
Land and buildings22-€1,907----
Assets under construction and advance payments27-€1,976€1,025€75--
Current assets29/58€2,898€2,898€2,897€2,897€2,896=
Cash at bank and in hand54/58€2,898€2,898€2,897€2,897€2,896=
Equity and liabilities
Total equity and liabilities10/49€9,652€6,780€3,923€2,972€2,896▼ 2.5%
Equity10/15-€43,055-€47,041-€50,762-€52,684-€54,277▼ 3.0%
Contributions10/11€62,237€62,237€62,237€62,237€62,237=
Capital10-€62,237€62,237€62,237€62,237=
Issued capital100-€62,237€62,237€62,237€62,237=
Profit (loss) carried forward14-€105,292-€109,277-€112,999-€114,921-€116,514▼ 1.4%
Amounts payable17/49€52,707€53,821€54,685€55,656€57,173▲ 2.7%
Amounts payable within one year42/48€52,634€53,747€54,609€55,571€57,085▲ 2.7%
Trade debts44€1,035€1,839€1,701€63€977▲ 1,452%
Suppliers440/4-€1,839€1,701€63€977▲ 1,452%
Other amounts payable47/48-€51,908€52,908€55,508€56,108▲ 1.1%
Accrued charges and deferred income492/3-€74€76€85€88▲ 3.1%
Line20212022202320242025Change
Profit (loss) for the period9904-€4,288-€3,985-€3,722-€1,922-€1,593▲ 17.1%
+ Depreciation and write-downs630€2,871€2,871€2,857€950€75▼ 92.1%
Operating cash flow (approximation)-€1,416-€1,114-€865-€972-€1,518▼ 56.2%
Investment in fixed assets (approximation)-€0€0€0--
Change in cash--€0-€0-€1-€1▲ 7.6%

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

2025
28-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2024
31-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2023
20-12
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 81 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2021
30-11
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 61 days late
28-02
Financial Weakest financial yearnet -€4,288
Net result drops to -€4,288, the lowest in the series; recovery starts the following year.
2020
27-10
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 29 days late
2019
16-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 16 days late
2018
31-10
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 31 days late
29-04
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 211 days late
2016
30-10
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1991
seat establishment The establishment unit on the map
Ground area
800 m²
Building footprint
210 m²
Volume, LiDAR
2,329 m³
Parcel 21442A0140/00H007, Brussels · tallest building 19.3 m, ±5 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
BLITZ SA
Collegestraat 33, 1050 ElseneNACE 5010101
since 19912.050.975.918
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21442A0140/00H007 Brussels 800 m² 1 · 210 m² 19.3 m · 5 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 formPublic limited company
Founded31-12-1990
Fiscal year end28-02
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.