RD SHIPPING
InactiveInactive; last annual accounts for fiscal year 2023.
What stands out
Overview
Inactive: no scoreAccounts 427 d overdue0 of 6 deeds readActivity not knownTurnover not published (abridged schema)
Signals- Two or more financial years not filedLatest accounts filed on timeShow the evidence
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 10-07-2024, 21 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
21 d early
2022
32 d early
2021
9 d early
2020
30 d early
2019
73 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 33 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 (1)
- Annual accounts filedfiscal year 2023 · abbreviated…
- Back to profitnet €51,897
- Annual accounts filedfiscal year 2022 · abbreviated…
Financials
Fiscal year 2023Total assets €1.9mProfit €51,897Solvency 22.4%Liquidity 0.28
Total assets
€1.9m▼ 21.0%
2018 - 2023
Net result
€51,897
2018 - 2023
Equity
€434,132▲ 13.6%
2018 - 2023
Solvency
22.4%▲ 6.8pp
2018 - 2023
Financials · fiscal year 2023, abbreviated schema
Trend over the years
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€0.1m▲ 37.6%€0.2m▲ 119%€0.03m▼ 86.6%€0.09m▲ 164%€0.08m▼ 8.4%
Net result€0.05m▲ 16.6%€0.2m▲ 257%€0.002m▼ 98.9%-€0.001m€0.05m
Equity€0.2m▲ 28.3%€0.4m▲ 78.6%€0.4m▲ 0.5%€0.4m▼ 0.4%€0.4m▲ 13.6%
Total assets€2.0m▲ 9.7%€2.4m▲ 23.2%€3.0m▲ 25.3%€2.5m▼ 19.0%€1.9m▼ 21.0%
Debt€1.7m▲ 7.7%€2.0m▲ 16.4%€2.6m▲ 29.9%€2.1m▼ 21.7%€1.5m▼ 27.4%
Working capital-€0.7m▼ 99.3%-€0.5m▲ 29.1%-€0.5m▼ 1.2%-€1.3m▼ 187%-€1.1m▲ 20.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2020 Net result +257% on 2019. The accounts now follow the micro schema, last year the abbreviated schema.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 8% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.5m ▼ 25.9%
Current assets
€409,693 ▲ 5.1%
Equity and liabilities €1.9m
Equity
€434,132 ▲ 13.6%
Debt
€1.5m ▼ 27.4%
Debt's share of the balance-sheet total falls from 84.4% to 77.6%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€80,728▼
2022 · €177,357
Cash flow
€54,573▼
2022 · €90,815
Current ratio
0.28▲
2022 · 0.23
Debt to equity
3.47▼
2022 · 5.42
ROE
12.0%▲
2022 · -0.4%
ROA
2.7%▲
2022 · -0.1%
Interest coverage
10.75▲
2022 · 2.05
Debt ≤ 1 year
€1.5m▼
2022 · €1.7m
Income taxes
€18,642▲
2022 · -€185
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €260,241 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €87,143 | - | €34,947 | €92,165 | €2,676 | ▼ 97.1% |
| Other operating charges640/8 | - | - | €1,115 | €970 | €1,069 | ▲ 10.2% |
| Gross operating margin9900 | €212,513 | €241,665 | €68,319 | €178,327 | €81,797 | ▼ 54.1% |
| Operating profit (loss)9901 | €109,782 | €240,797 | €32,257 | €85,192 | €78,051 | ▼ 8.4% |
| Recurring financial income75 | - | €9,049 | - | - | - | - |
| Financial charges65/66B | - | - | €31,723 | €86,727 | €7,512 | ▼ 91.3% |
| Recurring financial charges65 | €42,349 | €20,310 | €31,723 | €86,727 | €7,512 | ▼ 91.3% |
| Profit (loss) for the period before taxes9903 | €67,433 | €229,537 | €534 | -€1,535 | €70,539 | ▲ 4,696% |
| Income taxes67/77 | €20,339 | €61,500 | -€1,273 | -€185 | €18,642 | ▲ 10,203% |
| Profit (loss) for the period9904 | €47,094 | €168,037 | €1,806 | -€1,350 | €51,897 | ▲ 3,943% |
| Profit (loss) for the period to be appropriated9905 | €47,094 | €168,037 | €1,806 | -€1,350 | €51,897 | ▲ 3,943% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.4m | €3.0m | €2.5m | €1.9m | ▼ 21.0% |
| Fixed assets21/28 | €1.7m | €1.5m | €2.1m | €2.1m | €1.5m | ▼ 25.9% |
| Tangible fixed assets22/27 | €0.3m | - | €0.6m | €0.5m | €0.01m | ▼ 97.4% |
| Plant, machinery and equipment23 | - | - | €0.6m | €0.5m | €0.01m | ▼ 97.4% |
| Financial fixed assets28 | €1.4m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Current assets29/58 | €0.3m | €0.9m | €1.0m | €0.4m | €0.4m | ▲ 5.1% |
| Amounts receivable after more than one year29 | - | - | €0.2m | €0.2m | - | - |
| Other amounts receivable291 | - | - | €0.2m | €0.2m | - | - |
| Amounts receivable within one year40/41 | €0.02m | €0.05m | €0.6m | €0.1m | €0.1m | ▼ 1.2% |
| Trade receivables40 | - | - | €0.003m | €0.1m | €0.1m | ▼ 1.0% |
| Other amounts receivable41 | - | - | €0.6m | €0.005m | €0.004m | ▼ 7.0% |
| Cash at bank and in hand54/58 | €0.03m | €0.6m | €0.2m | €0.02m | €0.3m | ▲ 1,197% |
| Deferred charges and accrued income490/1 | - | - | €0.009m | €0.006m | €0.001m | ▼ 90.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.4m | €3.0m | €2.5m | €1.9m | ▼ 21.0% |
| Equity10/15 | €0.2m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 13.6% |
| Contributions10/11 | €0.1m | - | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.1m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 18.4% |
| Non-distributable reserves130/1 | - | - | €0.01m | €0.01m | €0.01m | = |
| Reserves not available under the articles1311 | - | - | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | €0.3m | €0.3m | €0.3m | ▲ 19.1% |
| Amounts payable17/49 | €1.7m | €2.0m | €2.6m | €2.1m | €1.5m | ▼ 27.4% |
| Amounts payable after more than one year17 | €0.8m | €0.6m | €1.2m | €0.3m | - | - |
| Financial debts170/4 | - | - | €1.2m | €0.3m | - | - |
| Amounts payable within one year42/48 | €0.9m | €1.4m | €1.4m | €1.7m | €1.5m | ▼ 14.8% |
| Current portion of amounts payable after more than one year42 | - | - | €0.2m | €0.1m | - | - |
| Trade debts44 | €0.06m | €0.4m | €0.5m | €0.4m | €0.5m | ▲ 15.4% |
| Suppliers440/4 | - | - | €0.5m | €0.4m | €0.5m | ▲ 15.4% |
| Taxes, remuneration and social security45 | - | - | €0.07m | €233 | €0.02m | ▲ 7,947% |
| Taxes450/3 | - | - | €0.07m | €233 | €0.02m | ▲ 7,947% |
| Other amounts payable47/48 | - | - | €0.7m | €1.2m | €1.0m | ▼ 18.0% |
| Accrued charges and deferred income492/3 | - | - | €0.03m | €0.03m | €0.03m | ▼ 5.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,094 | €168,037 | €1,806 | -€1,350 | €51,897 | ▲ 3,943% |
| + Depreciation and write-downs630 | €87,143 | - | €34,947 | €92,165 | €2,676 | ▼ 97.1% |
| Operating cash flow (approximation) | €134,237 | €168,037 | €36,753 | €90,815 | €54,573 | ▼ 39.9% |
| Investment in fixed assets (approximation) | - | €170,238 | -€590,000 | -€86,871 | €533,031 | ▲ 714% |
| Change in cash | - | €599,430 | -€455,685 | -€152,895 | €252,332 | ▲ 265% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Board & ownership
1 holding
Directors
Directors
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
1 holding · 2 subsidiaries in the treeOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
100%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
Agaat 100%1 subsidiary
- VANS BUNKERS 100%
According to the 2023 annual accounts of RD SHIPPING and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 6 Gazette acts processed.
Timeline
11 eventsLatest 10-07-2024
Acts, filings and financial milestones
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €51,897
Net result €51,897 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€1,350
Net result drops to -€1,350, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €168,037 ▲257%
Operating result €240,797, net result €168,037, both a record.
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €213,743 ▲28.3%
2 profitable years in a row build equity to €213,743.
06-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 37 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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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