RETT KURS
InactiveSignals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 10-01-2025 was due by 10-08-2025 and was filed on 17-06-2025, 54 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
54 d early
2024
45 d early
2023
21 d early
2022
75 d early
2021
51 d early
2020
92 d early
2019
57 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 56 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)
Financials · fiscal year 2025, abbreviated schema
Equity
€445,571▼ 0.1%
2024 · €445,946
Total assets
€493,392▼ 0.9%
2024 · €497,773
Net result
-€375
2024 · €2.0m
Working capital
€453,128=
2024 · €453,009
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
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
Line20212022202320242025
Operating result-€251,758▼ 1.8%-€269,386▼ 7.0%-€568,941▼ 111%-€281,441▲ 50.5%-€494▲ 99.8%
Net result€230,375€1.5m▲ 559%€8.1m▲ 435%€2.0m▼ 75.5%-€375
Equity€8.7m▲ 3.9%€2.6m▼ 70.3%€1.5m▼ 43.6%€445,946▼ 69.5%€445,571▼ 0.1%
Total assets€8.8m▲ 3.4%€5.0m▼ 42.5%€2.4m▼ 51.6%€497,773▼ 79.6%€493,392▼ 0.9%
Debt€69,295▼ 36.4%€2.5m▲ 3,443%€979,382▼ 60.1%€51,827▼ 94.7%€47,821▼ 7.7%
Working capital€586,921▼ 30.0%-€2.4m-€505,012▲ 78.7%€453,009€453,128=
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €494 in 2025 against €281,441 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €493,392
Equity
€445,571 ▼ 0.1%
Debt
€47,821 ▼ 7.7%
Debt's share of the balance-sheet total falls from 10.4% to 9.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€494▲
2024 · -€280,801
Cash flow
-€375▼
2024 · €2.0m
Current ratio
12.25▲
2024 · 11.12
Debt to equity
0.11▼
2024 · 0.12
ROE
-0.1%▼
2024 · 446.5%
ROA
-0.1%▼
2024 · 400.0%
Interest coverage
-0.35▲
2024 · -22.20
Debt ≤ 1 year
€40,264▼
2024 · €44,764
Income taxes
€0▼
2024 · €749
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,322 | €18,322 | €18,322 | €640 | €0 | ▼ 100% |
| Other operating charges640/8 | €988 | €990 | €1,092 | €3,218 | €0 | ▼ 100% |
| Non-recurring operating charges66A | €619 | €0 | €269,578 | €38,162 | €0 | ▼ 100% |
| Gross operating margin9900 | -€231,829 | -€250,074 | -€279,949 | -€239,422 | -€494 | ▲ 99.8% |
| Operating profit (loss)9901 | -€251,758 | -€269,386 | -€568,941 | -€281,441 | -€494 | ▲ 99.8% |
| Financial income75/76B | €508,866 | €1.8m | €8.7m | €2.3m | €1,530 | ▼ 99.9% |
| Recurring financial income75 | €508,866 | €118,894 | €6.1m | €976,999 | €1,530 | ▼ 99.8% |
| Non-recurring financial income76B | - | €1.7m | €2.6m | €1.3m | €0 | ▼ 100% |
| Financial charges65/66B | €26,733 | €44,150 | €30,944 | €12,647 | €1,411 | ▼ 88.8% |
| Recurring financial charges65 | €26,733 | €44,150 | €30,944 | €12,647 | €1,411 | ▼ 88.8% |
| Profit (loss) for the period before taxes9903 | €230,375 | €1.5m | €8.1m | €2.0m | -€375 | ▼ 100% |
| Income taxes67/77 | - | €8 | €2 | €749 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €230,375 | €1.5m | €8.1m | €2.0m | -€375 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €230,375 | €1.5m | €8.1m | €2.0m | -€375 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.8m | €5.0m | €2.4m | €497,773 | €493,392 | ▼ 0.9% |
| Formation expenses20 | €37,284 | €18,962 | €640 | €0 | - | - |
| Fixed assets21/28 | €8.1m | €5.0m | €2.0m | €0 | - | - |
| Financial fixed assets28 | €8.1m | €5.0m | €2.0m | €0 | - | - |
| Current assets29/58 | €651,375 | €72,705 | €448,225 | €497,773 | €493,392 | ▼ 0.9% |
| Amounts receivable within one year40/41 | €9,461 | €0 | - | €79,497 | €80,538 | ▲ 1.3% |
| Trade receivables40 | €9,461 | €0 | - | - | - | - |
| Other amounts receivable41 | €0 | - | - | €79,497 | €80,538 | ▲ 1.3% |
| Cash at bank and in hand54/58 | €630,950 | €54,040 | €437,240 | €418,276 | €412,854 | ▼ 1.3% |
| Deferred charges and accrued income490/1 | €10,964 | €18,665 | €10,985 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.8m | €5.0m | €2.4m | €497,773 | €493,392 | ▼ 0.9% |
| Equity10/15 | €8.7m | €2.6m | €1.5m | €445,946 | €445,571 | ▼ 0.1% |
| Contributions10/11 | €8.9m | €1.3m | €1.3m | €61,500 | €61,500 | = |
| Capital10 | €8.9m | €1.3m | €1.3m | €61,500 | €61,500 | = |
| Issued capital100 | €10.7m | €3.1m | €3.1m | €1.8m | €1.8m | = |
| Uncalled capital101 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Reserves13 | €41,250 | €6,203 | €6,203 | €287 | €287 | = |
| Non-distributable reserves130/1 | €41,250 | €6,203 | €6,203 | €287 | €287 | = |
| Other1319 | €41,250 | €6,203 | €6,203 | €287 | €287 | = |
| Profit (loss) carried forward14 | -€263,625 | €1.3m | €127,178 | €384,159 | €383,783 | ▼ 0.1% |
| Amounts payable17/49 | €69,295 | €2.5m | €979,382 | €51,827 | €47,821 | ▼ 7.7% |
| Amounts payable within one year42/48 | €64,455 | €2.4m | €953,237 | €44,764 | €40,264 | ▼ 10.1% |
| Trade debts44 | €64,455 | €41,008 | €54,143 | €44,014 | €39,514 | ▼ 10.2% |
| Suppliers440/4 | €64,455 | €41,008 | €54,143 | €44,014 | €39,514 | ▼ 10.2% |
| Taxes, remuneration and social security45 | - | €8 | €0 | €749 | €749 | = |
| Taxes450/3 | - | €8 | €0 | €749 | €749 | = |
| Other amounts payable47/48 | €0 | €2.4m | €899,094 | €0 | - | - |
| Accrued charges and deferred income492/3 | €4,840 | €13,978 | €26,144 | €7,063 | €7,557 | ▲ 7.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €230,375 | €1.5m | €8.1m | €2.0m | -€375 | ▼ 100% |
| + Depreciation and write-downs630 | €18,322 | €18,322 | €18,322 | €640 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €248,697 | €1.5m | €8.1m | €2.0m | -€375 | ▼ 100% |
| Investment in fixed assets (approximation) | - | €3.1m | €2.9m | €2.0m | - | - |
| Change in cash | - | -€576,910 | €383,200 | -€18,965 | -€5,422 | ▲ 71.4% |
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
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 24current ratio 11.12
Current ratio from 0.47 to 11.12; short-term debt falls from €953,237 to €44,764.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2019net €8.1m ▲435%
Net result €8.1m, the highest in the series.
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €230,375
Net result €230,375 after 2 loss-making years.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€300,770
Net result drops to -€300,770, the lowest in the series.
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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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Structure & network
Owners and holdings
2 owners · 3 holdingsOwners 2
-
10.21%
-
10%
Holdings 3
-
100%
-
17.97%
-
10%
According to the 2023 annual accounts of RETT KURS 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 current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
8945009ILCEZCBOBDB02