Equity
Equity fell by 96% in 4 years.
Equity fell by 96% in 4 years.
The accounts state no turnover.
Of this, €545,165 falls due within a year.
Short-term debts rose from €188,498 to €545,165.
The 2021 accounts came latest: 251 days after the end of the period.
Higher net result than 95% of companies in advertising and market research. Sector median €16,350 · 2,086 companies.
The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 16% of them on solvency, 36% on liquidity, 88% on profitability and 5% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,153 companies had the same profile as RDPM has now. Each dot stands for 6 companies, two years later.
That fits the bankruptcy probability of RDPM itself: 0.3% within 12 months.
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,153 companies, not a prediction for RDPM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.06 (4.55 in 2024), below the usual 1.5. Short-term debt is 93.9% and cash 46.3% of total assets. 95.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 15 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| RDPM Seneffe | €580,549 | €1.1m | 4.9% | 4 |
| Statkraft Brussels Brussels | €615,900 | €0.7m | 31.6% | 3.6 |
| Seeders Antwerp | €664,016 | €0.6m | 49.6% | 5.4 |
| YC CONSULTING Ans | €839,047 | €0.9m | 0.6% | 2 |
| DHR PARTNERS Brasschaat | €832,307 | €0.7m | 80.1% | 5 |
| Workplace Strategy Gavere | €631,685 | €0.7m | 70.5% | 6.2 |
| BOOSTWAYS Rotselaar | €569,221 | €0.5m | 42.0% | 5.4 |
These companies have the same main activity as RDPM: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €569,000 and €839,000, founded between 2017 and 2020.
RDPM files the abbreviated format. That format states no turnover. The gross margin rose from €237,938 in 2020 to €1.1m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.8m. Estimated: probably between €1.2m and €3.0m.
Higher than 17% of 2,087 companies in 2025.
Higher than 33% of 2,004 companies in 2025.
Higher than 95% of 2,047 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
Total assets20/58 |
580,549 | 877,804 | 606,616 | 1.1m | 1.1m | 306,975 | |
Fixed assets21/28 |
280 | 20,228 | 28,885 | 38,266 | 1,354 | - | |
Tangible fixed assets22/27 |
137 | 20,086 | 28,783 | 38,266 | 1,354 | - | |
Furniture and vehicles24 |
137 | 20,086 | 28,783 | 38,266 | 1,354 | - | |
Financial fixed assets28 |
143 | 143 | 103 | - | - | - | |
Current assets29/58 |
580,269 | 857,576 | 577,731 | 1.1m | 1.1m | 306,975 | |
Amounts receivable within one year40/41 |
309,546 | 380,453 | 295,743 | 230,486 | 391,647 | 304,900 | |
Trade receivables40 |
262,392 | 352,721 | 289,988 | 230,486 | 391,647 | 304,900 | |
Other amounts receivable41 |
47,154 | 27,733 | 5,754 | - | - | - | |
Cash at bank and in hand54/58 |
268,592 | 474,621 | 280,258 | 853,926 | 568,942 | 2,074 | |
Deferred charges and accrued income490/1 |
2,132 | 2,501 | 1,730 | 1,312 | 109,337 | - | |
| Balance sheet: equity and liabilities | |||||||
Total equity and liabilities10/49 |
580,549 | 877,804 | 606,616 | 1.1m | 1.1m | 306,975 | |
Equity10/15 |
28,210 | 689,306 | 428,746 | 60,316 | 754,686 | 10,009 | |
Contributions10/11 |
4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | |
Profit (loss) carried forward14 |
24,210 | 685,306 | 424,746 | 56,316 | 750,686 | 6,009 | |
Amounts payable17/49 |
552,340 | 188,498 | 177,871 | 1.1m | 316,593 | 296,966 | |
Amounts payable within one year42/48 |
545,165 | 188,498 | 105,489 | 1.0m | 198,006 | 288,205 | |
Financial debts43 |
- | - | - | - | - | 4,000 | |
Other loans439 |
- | - | - | - | - | 4,000 | |
Trade debts44 |
29,035 | 66,793 | 23,487 | 53,100 | 119,052 | 1,351 | |
Suppliers440/4 |
29,035 | 66,793 | 23,487 | 53,100 | 119,052 | 1,351 | |
Taxes, remuneration and social security45 |
119,630 | 121,705 | 82,002 | 193,141 | 78,953 | 111,426 | |
Taxes450/3 |
74,797 | 82,556 | 48,759 | 109,840 | 60,255 | 111,426 | |
Remuneration and social security454/9 |
44,833 | 39,149 | 33,243 | 83,301 | 18,698 | - | |
Other amounts payable47/48 |
396,500 | - | - | 771,429 | - | 171,429 | |
Accrued charges and deferred income492/3 |
7,175 | 0 | 72,382 | 46,006 | 118,588 | 8,760 | |
| Income statement | |||||||
Gross operating margin9900 |
1.1m | 1.2m | 947,361 | 1.1m | 1.2m | 237,938 | |
Remuneration, social security and pensions62 |
368,492 | 337,454 | 388,547 | 269,507 | 183,515 | - | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
10,491 | 12,105 | 12,015 | 3,527 | 340 | - | |
Other operating charges640/8 |
740 | 5,770 | 5,495 | 7,806 | 5,476 | 909 | |
Non-recurring operating charges66A |
- | - | 27,309 | - | - | - | |
Operating profit (loss)9901 |
692,572 | 893,290 | 513,995 | 803,317 | 1.0m | 237,029 | |
Financial income75/76B |
23 | 434 | 6 | - | - | - | |
Recurring financial income75 |
23 | 434 | 6 | - | - | - | |
Financial charges65/66B |
2,054 | 2,527 | 2,465 | 1,259 | 391 | 446 | |
Recurring financial charges65 |
2,054 | 2,527 | 2,465 | 1,259 | 391 | 446 | |
Profit (loss) for the period before taxes9903 |
690,540 | 891,197 | 511,535 | 802,058 | 1.0m | 236,583 | |
Income taxes67/77 |
178,689 | 228,162 | 143,105 | 205,000 | 262,322 | 59,146 | |
Profit (loss) for the period9904 |
511,851 | 663,034 | 368,430 | 597,058 | 744,677 | 177,437 | |
Profit (loss) for the period to be appropriated9905 |
511,851 | 663,034 | 368,430 | 597,058 | 744,677 | 177,437 | |
| Appropriation of the result | |||||||
Profit (loss) to be appropriated9906 |
1.2m | 1.1m | 424,746 | 1.3m | 750,686 | 177,437 | |
Profit (loss) brought forward from the previous period14P |
685,306 | 424,746 | 56,316 | 750,686 | 6,009 | - | |
Profit to be distributed694/7 |
1.2m | 402,474 | - | 1.3m | - | 171,429 | |
Return on contributions (dividend)694 |
1.2m | 400,000 | - | 1.3m | - | 171,429 | |
Employees696 |
4,948 | 2,474 | - | - | - | - | |
| Social balance sheet | |||||||
Average staff (FTE)9087 |
4 | 4 | 4.8 | 3.4 | 2.6 | - | |
Hours worked1013 |
6,758 | 6,681 | 8,217 | 5,734 | 4,378 | - | |
| Document | |||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-07-2026 | 2026-00290611 | |
| 31-12-2024 | full format | 29-04-2025 | 2025-00079971 | |
| 31-12-2023 | full format | 20-05-2024 | 2024-00090884 | |
| 31-12-2022 | micro format | 19-07-2023 | 2023-00250379 | |
| 31-12-2021 | micro format | 08-04-2023 | 2023-00057786 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62100401 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| EBITDA | 703,063 | 905,395 | 526,010 | 806,843 | 1.0m | - | |
| Cash flow | 522,343 | 675,140 | 380,445 | 600,585 | 745,018 | - | |
| Investment in fixed assets (approximation) | -9,457 | 3,448 | 2,635 | 40,438 | 1,695 | - | |
| Change in cash | -206,029 | 194,363 | -573,668 | 284,985 | 566,867 | - | |
| Working capital | 35,104 | 669,078 | 472,242 | 68,056 | 871,920 | 18,769 | |
| Solvency | 4.9% | 78.5% | 70.7% | 5.4% | 70.4% | 3.3% | |
| Current ratio | 1.06 | 4.55 | 5.48 | 1.07 | 5.40 | 1.07 | |
| Debt to equity | 19.58 | 0.27 | 0.41 | 17.64 | 0.42 | 29.67 | |
| ROE | - | 96.2% | 85.9% | 989.9% | 98.7% | - | |
| ROA | 88.2% | 75.5% | 60.7% | 53.1% | 69.5% | 57.8% | |
| Interest coverage | over 100 | over 100 | over 100 | over 100 | over 100 | - |
EBIT margin: not included in this filing.
A ratio outside any meaningful range has been withheld (balance sheet total €580,549, equity €28,210).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 4 | 4 | 5 | 3 |
| full-time | 4 | 4 | 4 | 5 | 3 |
| in full-time equivalents | 4 | 4 | 4 | 5 | 3 |
| Average over the year, in full-time equivalents | 4 | 4 | 4.8 | 3.4 | 2.6 |
| On a permanent contract | 4 | 4 | 4 | 5 | 3 |
| Joined | - | - | 0 | 2 | 3 |
| Left | - | - | 1 | 0 | 0 |
| Training hours | - | 114 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €3,408 | €2,532 | €40,438 | €1,695 |
| Financial fixed assets | - | €40 | €103 | - | - |
| Depreciation and write-downs of the year | €10,491 | €12,105 | €12,015 | €3,527 | €340 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 22% lower than in 2024.
Debt's share of the balance-sheet total rises from 21.5% to 95.1%. Equity is lower and debt is higher.
RDPM has no parent and no holdings in its annual accounts. RDPM shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
RDPM was incorporated on 6 September 2019 as a private limited company.1 The registered office moved to Ghlin in 2023 and to Arquennes in 2023.23 The board currently has 4 members, 4 of whom have served since 2019.4 Total assets rose from €306,975 in 2020 to €580,549 in 2025 and headcount from 2.6 full-time equivalents in 2021 to 4 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Rue du Lac 1 registered office 7181 Seneffe 71209 Other technical testing and analysis | 06-09-2019 | 2.299.465.073 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 52003B0738/00L002 | 1,031 m² | 1 · 159 m² | 11.3 m · 3 |
If something looks wrong or is missing, please tell us.