RCA
ActiveSummary
RCA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €760k and a net result of €-291k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 24% of 179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▼-37
Solvency39▼-8
Growth37▼-15
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.26 in 2024; short-term debt: 79.3% and cash: 17.8% of total assets), and 86.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
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
13.8%
Return on assets
-5.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-291k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 179 sector peers (2025).
NBB · sector comparisonPosition among 179 sector peers
Solvency
better than 24%
← weakest
strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
27 d late
2023
44 d early
2022
52 d early
2021
54 d early
2020
54 d early
2019
51 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€14.69M▼ 8.2%
2024 · €16.01M
2024: €16.01M
2024 → 2025
EBIT margin
-1.6%▼ 2.0pp
2024 · 0.5%
2024: 0.5%
2024 → 2025
Net result
€-291k▼ 344%
2024 · €-66k
2018: €55k
2019: €26k
2020: €4k
2021: €7k
2022: €6k
2023: €1k
2024: €-66k
2018 → 2025
Working capital
€435k▼ 49.9%
2024 · €869k
2018: €194k
2019: €218k
2020: €217k
2021: €228k
2022: €236k
2023: €236k
2024: €869k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€16.01M€14.69M▼ 8.2%
Equity€229k-€235k▲ 2.7%€236k▲ 0.6%€1.05M▲ 345%€760k▼ 27.7%
Operating result€13k-€6k▼ 50.6%€7k▲ 9.4%€75k▲ 981%€-230k
Net result€7k-€6k▼ 10.5%€1k▼ 78.1%€-66k€-291k▼ 344%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €230k after €75k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.52M
Fixed assets
€707k ▲ 16.2%
Current assets
€4.82M ▲ 15.2%
Equity and liabilities €5.52M
Equity
€760k ▼ 27.7%
Debt
€4.76M ▲ 27.4%
Debt's share of the balance-sheet total rises from 78.1% to 86.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-79k▼
2024 · €237k
Cash flow
€-140k▼
2024 · €96k
Current ratio
1.10▼
2024 · 1.26
Debt to equity
6.27▲
2024 · 3.56
ROE
-38.3%▼
2024 · -6.2%
ROA
-5.3%▼
2024 · -1.4%
Interest coverage
-1.67▼
2024 · 5.56
Debt ≤ 1 year
€4.38M▲
2024 · €3.31M
Income taxes
€-10k▼
2024 · €66k
Staff costs
€3.64M▲
2024 · €3.56M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 66 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.79M€5.52M▲
Fixed assets21/28€608k€707k▲
Intangible fixed assets21-€197k
Tangible fixed assets22/27€486k€388k▼
Land and buildings22€344k€300k▼
Plant, machinery and equipment23€37k€15k▼
Furniture and vehicles24€105k€73k▼
Financial fixed assets28€122k€122k=
Other financial fixed assets284/8€122k€122k=
Amounts receivable and cash guarantees285/8€122k€122k=
Current assets29/58€4.18M€4.82M▲
Amounts receivable within one year40/41€3.42M€3.44M▲
Trade receivables40€2.72M€2.89M▲
Other amounts receivable41€708k€552k▼
Cash at bank and in hand54/58€393k€983k▲
Deferred charges and accrued income490/1€364k€389k▲
Equity and liabilities
Total equity and liabilities10/49€4.79M€5.52M▲
Equity10/15€1.05M€760k▼
Contributions10/11€75k€75k=
Reserves13€1.04M€1.04M=
Tax-exempt reserves132€11k€11k=
Distributable reserves133€1.03M€1.03M=
Profit (loss) carried forward14€-66k€-357k▼
Amounts payable17/49€3.74M€4.76M▲
Amounts payable within one year42/48€3.31M€4.38M▲
Financial debts43€159k-
Credit institutions430/8€159k-
Trade debts44€1.76M€3.33M▲
Suppliers440/4€1.76M€3.33M▲
Advances received on contracts in progress46€574k€306k▼
Taxes, remuneration and social security45€693k€681k▼
Taxes450/3€299k€275k▼
Remuneration and social security454/9€394k€407k▲
Other amounts payable47/48€132k€63k▼
Accrued charges and deferred income492/3€426k€382k▼
Income statement
Code20242025
Operating income70/76A€16.17M€15.03M▼
Turnover70€16.01M€14.69M▼
Own construction capitalised72-€157k
Other operating income74€154k€177k▲
Operating charges60/66A€16.09M€15.26M▼
Goods for resale, raw materials and consumables60€10.24M€9.12M▼
Purchases600/8€10.24M€9.12M▼
Change in stocks: decrease (increase)609-€0
Services and other goods61€2.09M€2.27M▲
Remuneration, social security and pensions62€3.56M€3.64M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€162k€151k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-27k€8k▲
Other operating charges640/8€64k€62k▼
Operating profit (loss)9901€75k€-230k▼
Financial income75/76B€73€11k▲
Recurring financial income75€73€11k▲
Other financial income752/9€73€11k▲
Financial charges65/66B€75k€82k▲
Recurring financial charges65€75k€78k▲
Debt charges650€43k€47k▲
Other financial charges652/9€32k€31k▼
Non-recurring financial charges66B-€4k
Profit (loss) for the period before taxes9903€159€-301k▼
Income taxes67/77€66k€-10k▼
Taxes670/3€66k€24k▼
Tax adjustments and reversals of tax provisions77-€35k
Profit (loss) for the period9904€-66k€-291k▼
Profit (loss) for the period to be appropriated9905€-66k€-291k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-66k€-357k▼
Profit (loss) brought forward from the previous period14P-€-66k
Social balance
Average headcount (FTE)908752.751.2▼
The notes to these accounts (57 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-291k
Net result drops to €-291k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
31-12
Financial
Equity above €1MEq €1.05M ▲345%
Equity rises from €236k to €1.05M.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €218k ▲13.3%
2 profitable years in a row build equity to €218k.
16-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Hasselt · 1 establishment unit since 2005
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.
Koningin Astridlaan 383500 HasseltGround area
1,516 m²
Building footprint
749 m²
Volume, LiDAR
6,827 m³
Parcel 71326F0143/00M000, Flanders · tallest building 17.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
RCA Brussels
since 20052.147.685.611
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0143/00M000 | Flanders | 1,516 m² | 1 · 749 m² | 17.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 5,283 EUR awarded · 5,283 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 97 EUR | 97 EUR |
| 2024 | 1 | 5,186 EUR | 5,186 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 982 companies in sector 74209 we hold annual accounts for 143. 55 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-06-2005
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
74209Other photographic activities
18130Pre-press and pre-media services
47742Retail sale of prescription glasses, lenses and sunglasses
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:finance@rca.be
Phone:011/590.590