RDSA Consult
ActiveSummary
RDSA Consult has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€46,741) and a net result of €5,208. Equity is shrinking by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+98
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.23 in 2024; short-term debt: 487.8% and cash: 8.2% of total assets), and equity is negative.
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-387.8%
Return on assets
43.2%
Age of the figures
11 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 27-05-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
2 d late
2023
on the day
2022
1 d late
2021
9 d late
2020
17 d late
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today. Usually files around 1 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-10-2026 close31-05-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€46,741▲ 10.0%
2024 · -€51,948
Total assets
€12,052▼ 20.8%
2024 · €15,226
Net result
€5,208
2024 · -€2,088
Working capital
-€46,741▲ 10.0%
2024 · -€51,948
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,680-€5,857-€5,576▲ 4.8%-€1,864▲ 66.6%€5,380
Net result€3,737within the sector's middle half-€6,440below the sector's middle half-€6,181below the sector's middle half▲ 4.0%-€2,088below the sector's middle half▲ 66.2%€5,208within the sector's middle half
Equity-€37,239below the sector's middle half▲ 9.1%-€43,680below the sector's middle half▼ 17.3%-€49,861below the sector's middle half▼ 14.2%-€51,948below the sector's middle half▼ 4.2%-€46,741below the sector's middle half▲ 10.0%
Total assets€56,406below the sector's middle half▲ 11.5%€40,714below the sector's middle half▼ 27.8%€13,732below the sector's middle half▼ 66.3%€15,226below the sector's middle half▲ 10.9%€12,052below the sector's middle half▼ 20.8%
Debt€93,645▲ 2.3%€84,393▼ 9.9%€63,592▼ 24.6%€67,175▲ 5.6%€58,793▼ 12.5%
Working capital-€44,664below the sector's middle half▲ 19.1%-€48,380below the sector's middle half▼ 8.3%-€50,331below the sector's middle half▼ 4.0%-€51,948below the sector's middle half▼ 3.2%-€46,741below the sector's middle half▲ 10.0%
Solvency-66.0%below the sector's middle half▲ 15.0pp-107.3%below the sector's middle half▼ 41.3pp-363.1%below the sector's middle half▼ 255.8pp-341.2%below the sector's middle half▲ 21.9pp-387.8%below the sector's middle half▼ 46.6pp
Current ratio0.52below the sector's middle half▲ 0.150.43below the sector's middle half▼ 0.090.21below the sector's middle half▼ 0.220.23below the sector's middle half▲ 0.020.20below the sector's middle half▼ 0.02
Return on assets (ROA)6.6%within the sector's middle half▲ 66.8pp-15.8%below the sector's middle half▼ 22.4pp-45.0%below the sector's middle half▼ 29.2pp-13.7%below the sector's middle half▲ 31.3pp43.2%above the sector's middle half▲ 56.9pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5,380 after a loss of €1,864 in 2024, the highest result in the available series.
Key figures and ratios
Quick ratio
0.20▼
2024 · 0.22
Debt to equity
-1.26▲
2024 · -1.29
Debt ≤ 1 year
€58,793▼
2024 · €67,175
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 3,640 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €178 | €186 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,127 | €4,230 | €669 | €470 | - | - |
| Other operating charges640/8 | - | €18 | €23 | - | - | - |
| Gross operating margin9900 | €8,986 | -€1,423 | -€4,885 | -€1,394 | €5,380 | ▲ 486% |
| Operating profit (loss)9901 | €4,680 | -€5,857 | -€5,576 | -€1,864 | €5,380 | ▲ 389% |
| Financial income75/76B | €5 | €26 | €18 | €18 | €44 | ▲ 143% |
| Recurring financial income75 | €5 | €26 | €18 | €18 | €44 | ▲ 143% |
| Financial charges65/66B | €440 | €303 | €488 | €241 | €216 | ▼ 10.5% |
| Recurring financial charges65 | €440 | €303 | €488 | €241 | €216 | ▼ 10.5% |
| Profit (loss) for the period before taxes9903 | €4,245 | -€6,133 | -€6,046 | -€2,088 | €5,208 | ▲ 349% |
| Income taxes67/77 | €508 | €307 | €135 | - | - | - |
| Profit (loss) for the period9904 | €3,737 | -€6,440 | -€6,181 | -€2,088 | €5,208 | ▲ 349% |
| Profit (loss) for the period to be appropriated9905 | €3,737 | -€6,440 | -€6,181 | -€2,088 | €5,208 | ▲ 349% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56,406 | €40,714 | €13,732 | €15,226 | €12,052 | ▼ 20.8% |
| Fixed assets21/28 | €8,931 | €4,701 | €470 | - | - | - |
| Tangible fixed assets22/27 | €8,931 | €4,701 | €470 | - | - | - |
| Furniture and vehicles24 | €8,931 | €4,701 | €470 | - | - | - |
| Current assets29/58 | €47,475 | €36,013 | €13,261 | €15,226 | €12,052 | ▼ 20.8% |
| Stocks and contracts in progress3 | €1,240 | €1,074 | €1,111 | €591 | €343 | ▼ 42.0% |
| Stocks30/36 | €1,240 | €1,074 | €1,111 | €591 | €343 | ▼ 42.0% |
| Amounts receivable within one year40/41 | €28,012 | €21,308 | €6,337 | €13,383 | €10,698 | ▼ 20.1% |
| Trade receivables40 | €27,381 | €20,600 | €6,120 | €10,852 | €10,491 | ▼ 3.3% |
| Other amounts receivable41 | €631 | €708 | €217 | €2,531 | €206 | ▼ 91.8% |
| Cash at bank and in hand54/58 | €17,162 | €12,691 | €4,942 | €1,252 | €993 | ▼ 20.7% |
| Deferred charges and accrued income490/1 | €1,062 | €941 | €872 | - | €19 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56,406 | €40,714 | €13,732 | €15,226 | €12,052 | ▼ 20.8% |
| Equity10/15 | -€37,239 | -€43,680 | -€49,861 | -€51,948 | -€46,741 | ▲ 10.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€57,699 | -€64,140 | -€70,321 | -€72,408 | -€67,201 | ▲ 7.2% |
| Amounts payable17/49 | €93,645 | €84,393 | €63,592 | €67,175 | €58,793 | ▼ 12.5% |
| Amounts payable after more than one year17 | €1,506 | - | - | - | - | - |
| Financial debts170/4 | €1,506 | - | - | - | - | - |
| Amounts payable within one year42/48 | €92,139 | €84,393 | €63,592 | €67,175 | €58,793 | ▼ 12.5% |
| Current portion of amounts payable after more than one year42 | €2,544 | €1,506 | - | - | - | - |
| Trade debts44 | €17,777 | €14,479 | €5,802 | €14,341 | €8,513 | ▼ 40.6% |
| Suppliers440/4 | €17,777 | €14,479 | €5,802 | €14,341 | €8,513 | ▼ 40.6% |
| Advances received on contracts in progress46 | - | €291 | €355 | - | - | - |
| Taxes, remuneration and social security45 | €6,185 | €7,549 | €1,194 | €2,459 | €11 | ▼ 99.5% |
| Taxes450/3 | €3,674 | €5,336 | €1,194 | €2,459 | €11 | ▼ 99.5% |
| Remuneration and social security454/9 | €2,511 | €2,214 | - | - | - | - |
| Other amounts payable47/48 | €65,633 | €60,568 | €56,242 | €50,375 | €50,269 | ▼ 0.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,737 | -€6,440 | -€6,181 | -€2,088 | €5,208 | ▲ 349% |
| + Depreciation and write-downs630 | €4,127 | €4,230 | €669 | €470 | - | - |
| Operating cash flow (approximation) | €7,864 | -€2,210 | -€5,512 | -€1,617 | €5,208 | ▲ 422% |
| Investment in fixed assets (approximation) | - | €0 | €3,562 | - | - | - |
| Change in cash | - | -€4,471 | -€7,749 | -€3,690 | -€259 | ▲ 93.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-10
Financial
Back to profitnet €5,208
Net result €5,208 after 3 loss-making years.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
31-10
Financial
Back to profitnet €3,737
Net result €3,737 after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-10
Financial
Weakest financial yearnet -€30,423
Net result drops to -€30,423, the lowest in the series; recovery starts the following year.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-10
Financial
Back to profitnet €353
Net result €353 after one loss-making year.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 200 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
2 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, Verlaine · 1 establishment unit since 2011
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.
Voie de Meuniers(VER) 164537 Verlaine1 establishment unit
RDSA Consult
since 20112.200.447.671
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-04-2011
Fiscal year end31-10
Activities, NACEBEL 2025
70200Business and other management consultancy
46180Agents specialised in the wholesale of other particular products
46382Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0835611943
Also
9925:BE0835611943
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.