RCN DISTRIBUTION
RCN DISTRIBUTION has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €27k and a net result of €335k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 71% of 66 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €27k |
| Net result | €335k |
| Better than sector | 71% |
| Active | 9 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 65.6% | 56.8% | |
| Net result | €335k | €27k | |
| Equity | €27k | €205k | |
| Gross operating margin | €443k | €61k | |
| Total assets | €41k | €570k |
Figures by fiscal year and ratios
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - | - |
| EBITDA | - | €103k | €146k | €23k | €63k |
| Net profit | €335k | €-17k | €20k | €-101k | €-65k |
| Cash flow | - | €94k | €130k | €8k | €46k |
| Staff costs | €73k | €257k | €296k | €254k | €239k |
| Income taxes | €25k | - | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €41k | €425k | €518k | €633k | €743k |
| Equity | €27k | €-308k | €-291k | €-311k | €-210k |
| Debt | €14k | €733k | €809k | €945k | €953k |
| of which ≤ 1y | €6k | €558k | €634k | €696k | €619k |
| of which > 1y | - | €163k | €153k | €236k | €316k |
| Working capital | €35k | €-279k | €-366k | €-406k | €-316k |
| Employees (FTE) | - | - | 9.5 | 8.3 | 7.9 |
| 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| Current ratio | 6.68 | 0.50 | 0.42 | 0.42 | 0.49 |
| Quick ratio | 6.68 | 0.18 | 0.13 | 0.12 | 0.19 |
| Working capital ratio | 85.0% | -65.6% | -70.7% | -64.1% | -42.5% |
| Solvency | 65.6% | -72.5% | -56.2% | -49.1% | -28.3% |
| Debt / equity | 0.52 | -2.38 | -2.78 | -3.03 | -4.53 |
| Long-term debt ratio | - | -0.53 | -0.52 | -0.76 | -1.50 |
| Interest coverage | - | 12.06 | 9.12 | 1.49 | 3.76 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 820.9% | -4.0% | 3.9% | -15.9% | -8.8% |
| ROE | 1251.6% | 5.6% | -7.0% | 32.4% | 31.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €41k | €425k | €518k | €633k | €743k |
| Fixed assets | 21/28 | - | €146k | €250k | €343k | €439k |
| Intangible fixed assets | 21 | - | €1k | €2k | €2k | €3k |
| Tangible fixed assets | 22/27 | - | €143k | €248k | €341k | €437k |
| Financial fixed assets | 28 | - | €3k | - | - | - |
| Current assets | 29/58 | €41k | €279k | €268k | €290k | €303k |
| Stocks & contracts in progress | 3 | - | €176k | €186k | €209k | €183k |
| Amounts receivable within one year | 40/41 | €15k | €36k | €35k | €27k | €49k |
| Cash & bank | 54/58 | €21k | €57k | €39k | €48k | €63k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €41k | €425k | €518k | €633k | €743k |
| Equity | 10/15 | €27k | €-308k | €-291k | €-311k | €-210k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €8k | - | - | - | - |
| Accumulated profits (losses) | 14 | €161 | €-327k | €-310k | €-330k | €-229k |
| Amounts payable | 17/49 | €14k | €733k | €809k | €945k | €953k |
| Amounts payable after one year | 17 | - | €163k | €153k | €236k | €316k |
| Amounts payable within one year | 42/48 | €6k | €558k | €634k | €696k | €619k |
| Trade debts payable within one year | 44 | €5k | €255k | €239k | €252k | €274k |
| Income statement | ||||||
| Gross operating margin | 9900 | €443k | €362k | €445k | €306k | €304k |
| Operating result | 9901 | €365k | €-9k | €36k | €-86k | €-49k |
| Financial income | 75 | €15 | €69 | €46 | €121 | €84 |
| Financial charges | 65 | €4k | €9k | €16k | €16k | €17k |
| Result before taxes | 9903 | €360k | €-17k | €20k | €-101k | €-65k |
| Income taxes | 67/77 | €25k | - | - | - | - |
| Net result for the period | 9904 | €335k | €-17k | €20k | €-101k | €-65k |
| Result to be appropriated | 9905 | €335k | €-17k | €20k | €-101k | €-65k |
Former directors (1)
-
SNC SANILIELegal entityDirector· perm. rep.: Nicolas LIEKENDAELState Gazette act 23014348 (30-01-2023)Former- → 01-01-2023
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 26-01-2017 |
| Status | Active |
| Postal code | 1410 |
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
30-01-2023 1 director appointed, 1 resigning
- Valérie De Bruyn, Vaste vertegenwoordiger
- Nicolas LIEKENDAEL, Bestuurder
Technical details
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}| Legal nameFR | RCN DISTRIBUTION |