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RF SERVICES

Active
Private limited company (pre-2019)founded 200719 yrs activeLouizalaan 209A, 1050 Elsene, BelgiumKBO/BCE: BE 0886.674.030
Summary

The computed 12-month bankruptcy probability of RF SERVICES is 1.9% (moderate). The 2024 annual accounts show negative equity (-€22,121) and a net result of €42,968. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 10% of 5899 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability61▼-18
Solvency20▲+3
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.05 against 0.93 in 2023; short-term debt: 95.2% and cash: 0.1% 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
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more 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 2024
Solvency, return and age of the figures
Solvency
-4.8%
Return on assets
9.3%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 5899 sector peers (2024).
NBB · sector comparison
Position among 5899 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
60 d late
2023
136 d late
2021
65 d late
2019
58 d late
2018
72 d late
2017
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 70 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 24 January 2007, RF SERVICES was incorporated.1 Total assets went from EUR 426,090 in 2018 to EUR 461,310 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€22,121▲ 37.0%
2023 · -€35,089
Total assets
€461,310▲ 0.7%
2023 · €458,254
Net result
€42,968▼ 43.4%
2023 · €75,968
Working capital
€22,139
2023 · -€35,089
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Line20182019202120232024
Operating result-€829--€17,105▼ 1,964%-€1,907-€76,189-€44,003▼ 42.2%
Net result-€1,074--€17,239▼ 1,505%-€2,104below the sector's middle half-€75,968above the sector's middle half-€42,968above the sector's middle half▼ 43.4%
Equity-€24,398--€41,638▼ 70.7%-€40,618below the sector's middle half--€35,089below the sector's middle half--€22,121below the sector's middle half▲ 37.0%
Total assets€426,090-€408,227▼ 4.2%€408,434above the sector's middle half-€458,254above the sector's middle half-€461,310above the sector's middle half▲ 0.7%
Debt€450,488-€449,865▼ 0.1%€449,052-€493,344-€483,431▼ 2.0%
Working capital-€24,398--€41,638▼ 70.7%-€40,618below the sector's middle half--€35,089below the sector's middle half-€22,139within the sector's middle half
Solvency-5.7%--10.2%▼ 4.5pp-9.9%below the sector's middle half--7.7%below the sector's middle half--4.8%below the sector's middle half▲ 2.9pp
Current ratio0.95-0.91▼ 0.040.91below the sector's middle half-0.93within the sector's middle half-1.05within the sector's middle half▲ 0.12
Return on assets (ROA)-0.3%--4.2%▼ 4.0pp-0.5%below the sector's middle half-16.6%above the sector's middle half-9.3%within the sector's middle half▼ 7.3pp
above within below the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
-€25,000€0€25,000€50,000€75,000Operating result 2018: -€829-€829Net result 2018: -€1,074-€1,074Operating result 2019: -€17,105-€17,105Net result 2019: -€17,239-€17,239Operating result 2021: -€1,907-€1,907Net result 2021: -€2,104-€2,104Operating result 2023: €76,189€76,189Net result 2023: €75,968€75,968Operating result 2024: €44,003€44,003Net result 2024: €42,968€42,96820182019202120232024-€20,000€0€20,000€40,000€60,000€80,000Operating result 2021: -€1,907-€1,910Net result 2021: -€2,104-€2,100Operating result 2023: €76,189€76,200Net result 2023: €75,968€76,000Operating result 2024: €44,003€44,000Net result 2024: €42,968€43,000202120232024
The operating result falls in 2024; 2024 is 42% below 2023.
Key figures and ratios
2024 value · change against 2023
Quick ratio
0.35▲
2023 · 0.20
Debt to equity
-21.85▼
2023 · -14.06
Debt ≤ 1 year
€439,171▼
2023 · €493,344
Income taxes
€728
Staff costs
€54,806▲
2023 · €3,196
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 268 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.

  • Small
  • 10 to 20 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
1.5% went bankrupt
3.4% stopped otherwise
93% still going

A further 1.9% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.9% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 268 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet Code20232024
Assets
Total assets20/58€458,254€461,310▲
Current assets29/58€458,254€461,310▲
Stocks and contracts in progress3€359,077€309,077▼
Stocks30/36€359,077€309,077▼
Amounts receivable within one year40/41€3,921€151,697▲
Trade receivables40€645€144,905▲
Other amounts receivable41€3,276€6,792▲
Cash at bank and in hand54/58€256€536▲
Deferred charges and accrued income490/1€95,000-
Equity and liabilities
Total equity and liabilities10/49€458,254€461,310▲
Equity10/15-€35,089-€22,121▲
Contributions10/11€18,600€18,600=
Reserves13€1,134€1,134=
Non-distributable reserves130/1€1,134€1,134=
Reserves not available under the articles1311€1,134€1,134=
Profit (loss) carried forward14-€54,823-€41,855▲
Amounts payable17/49€493,344€483,431▼
Amounts payable within one year42/48€493,344€439,171▼
Other amounts payable47/48€493,344€439,171▼
Accrued charges and deferred income492/3-€44,260
Income statement Code20232024
Non-recurring operating income76A-€14,730
Remuneration, social security and pensions62€3,196€54,806▲
Gross operating margin9900€79,385€98,810▲
Operating profit (loss)9901€76,189€44,003▼
Financial charges65/66B€220€308▲
Recurring financial charges65€220€308▲
Profit (loss) for the period before taxes9903€75,968€43,696▼
Income taxes67/77-€728
Profit (loss) for the period9904€75,968€42,968▼
Profit (loss) for the period to be appropriated9905€75,968€42,968▼
Appropriation of the result
Profit (loss) to be appropriated9906€15,177-€11,855▼
Profit (loss) brought forward from the previous period14P-€60,792-€54,823▲
Profit to be distributed694/7€70,000€30,000▼
Directors or managers695€70,000€30,000▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202120232024Change
Non-recurring operating income76A----€14,730-
Remuneration, social security and pensions62---€3,196€54,806▲ 1,615%
Other operating charges640/8--€50---
Gross operating margin9900€11,819-€16,689-€1,857€79,385€98,810▲ 24.5%
Operating profit (loss)9901-€829-€17,105-€1,907€76,189€44,003▼ 42.2%
Financial charges65/66B--€197€220€308▲ 39.6%
Recurring financial charges65€246€135€197€220€308▲ 39.6%
Profit (loss) for the period before taxes9903-€1,074-€17,239-€2,104€75,968€43,696▼ 42.5%
Income taxes67/77----€728-
Profit (loss) for the period9904-€1,074-€17,239-€2,104€75,968€42,968▼ 43.4%
Profit (loss) for the period to be appropriated9905-€1,074-€17,239-€2,104€75,968€42,968▼ 43.4%
Line20182019202120232024Change
Assets
Total assets20/58€426,090€408,227€408,434€458,254€461,310▲ 0.7%
Current assets29/58€426,090€408,227€408,434€458,254€461,310▲ 0.7%
Stocks and contracts in progress3€359,077€359,077€359,077€359,077€309,077▼ 13.9%
Stocks30/36--€359,077€359,077€309,077▼ 13.9%
Amounts receivable within one year40/41€46,473€48,821€49,271€3,921€151,697▲ 3,768%
Trade receivables40--€46,018€645€144,905▲ 22,366%
Other amounts receivable41--€3,254€3,276€6,792▲ 107%
Cash at bank and in hand54/58€20,540€328€86€256€536▲ 109%
Deferred charges and accrued income490/1---€95,000--
Equity and liabilities
Total equity and liabilities10/49€426,090€408,227€408,434€458,254€461,310▲ 0.7%
Equity10/15-€24,398-€41,638-€40,618-€35,089-€22,121▲ 37.0%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€1,134€1,134€1,134€1,134€1,134=
Non-distributable reserves130/1--€1,134€1,134€1,134=
Reserves not available under the articles1311--€1,134€1,134€1,134=
Profit (loss) carried forward14-€44,132-€61,372-€60,352-€54,823-€41,855▲ 23.7%
Amounts payable17/49€450,488€449,865€449,052€493,344€483,431▼ 2.0%
Amounts payable within one year42/48€450,488€449,865€449,052€493,344€439,171▼ 11.0%
Trade debts44€123,591€130,291€125,289---
Suppliers440/4--€125,289---
Taxes, remuneration and social security45--€442---
Taxes450/3--€442---
Other amounts payable47/48--€323,321€493,344€439,171▼ 11.0%
Accrued charges and deferred income492/3----€44,260-
Line20182019202120232024Change
Profit (loss) for the period9904-€1,074-€17,239-€2,104€75,968€42,968▼ 43.4%
Operating cash flow (approximation)-€1,074-€17,239-€2,104€75,968€42,968▼ 43.4%
Change in cash--€20,211--€279-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
14-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 136 days late
2023
31-12
Financial Back to profitnet €75,968
Net result €75,968 after 3 loss-making years.
2022
04-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 65 days late
2020
27-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 58 days late
2019
31-12
Financial Weakest financial yearnet -€17,239
Net result drops to -€17,239, the lowest in the series; recovery starts the following year.
11-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 72 days late
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 61 days late
2016
23-12
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 145 days late
2015
28-08
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
24-06
NBB filing Annual accounts filed
fiscal year 2013 · 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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Directors · office · real estate

Directors
11 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, Elsene · 1 establishment unit since 2007
seat establishment The establishment unit on the map
Ground area
652 m²
Building footprint
590 m²
Volume, LiDAR
11,642 m³
2 parcels, Brussels · tallest building 29.8 m, ±8 floors. Linked by address, not a title deed.
276 companies at this address See who is registered here
1 establishment unit
COMMERCE INTERNATIONAL
Metsysstraat 30, 1030 SchaarbeekWholesale of fruit and vegetables, excluding potatoes
since 20072.159.121.218
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0120/00H005 Brussels 480 m² 1 · 417 m² 29.8 m · 8 fl.
21910E0128/00B007 Brussels 173 m² 1 · 173 m² 17.2 m · 4 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector and region

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 7,364 companies in sector 81210 we hold annual accounts for 2,741. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded24-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.