Equity
€272,475 ▲ 130%
Equity rose in 2024 from €118,493 to €272,475.
RFACTOR
Overview
Lifetime
2 annual accounts with figures on one time axisGross marginpeak €229,974 (2024)
€229,974▲ 40.4%
Resultpeak €153,983 (2024)
€153,983▲ 33.3%
Equitypeak €272,475 (2024)
€272,475▲ 130%
Debts
€149,398▲ 95.2%
Board2 names since 2023
2 directorsRODRIGUEZ DE SANTIAGO Miguel Antonio and 1 other
Documentsfilings and deeds
11-07-202520 days before the deadline
2024micro format
Gross margin from €163,812 to €229,974Result from €115,493 to €153,983Equity from €118,493 to €272,475Debts from €76,552 to €149,398Investments €109,887
Key points
from the 2024 annual accounts, the last ones filedInvestments
€109,665 7.6 × depreciation
Green is investment, beige is depreciation.
No score
Recent changes
Closure of the liquidation
Liquidation closed on 30-12-2025 · Liquidator: Miguel Rodriguez De Santiago · Books and records kept in Meerbeke · General meeting of 30-12-2025 · Gazette deed
Dissolution of the company
Dissolved, in liquidation · Liquidator: RODRIGUEZ DE SANTIAGO Miguel, formerly director · Change of role: RODRIGUEZ DE SANTIAGO Miguel, from director to liquidator · General meeting of 15-12-2025 · Gazette deed
Incorporation
Founding capital of €3,000, 100 shares · Founder: RODRIGUEZ DE SANTIAGO Miguel Antonio (oprichter inschrijver) · Appointment: RODRIGUEZ DE SANTIAGO Miguel Antonio (director) · Gazette deed
Official details
Source: KBO- Status
- Liquidation closed on 30-12-2025deed of 16-02-2026
- Activity
- “Software ontwikkeling van alle aard;” (deed in Dutch)From the articles, 8 activitiesNo NACE code in the KBO yet
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2024
- Gross margin
- €229,974▲ 40.4%
- Turnover
- ≈ €580,000estimated
- Profit
- €153,983▲ 33.3%
- Equity
- €272,475▲ 130%
- Total assets
- €421,874▲ 116%
- Filing
- Filed on 11-07-2025
Insights on RFACTOR
Inactive. The last annual accounts are for financial year 2024. The company was dissolved. The liquidation was closed on 30-12-2025. The liquidators were Miguel Rodriguez De Santiago; RODRIGUEZ DE SANTIAGO Miguel, formerly director. The books and records are kept in Meerbeke.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
micro format, filed on 11-07-2025, 20 days before the deadlineGross margin
€229,974
▲ 40.4%
Operating result
€215,493
▲ 32.1%
Profit
€153,983
▲ 33.3%
Working capital
€171,091
▲ 52.4%
Solvency
64.6%
▲ 3.8 percentage points
Current ratio
2.15
▼ 0.32
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €580,000. Estimated: probably between €380,000 and €890,000.
Balance sheet
balance sheet total €421,874 on 31-12-2024What the company ownsHow it is paid for
Change in equityin euro
Change in cashin euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| Balance sheet: assets | |||
Total assets20/58 |
421,874 | 195,045 | |
Formation expenses20 |
0 | 221 | |
Fixed assets21/28 |
101,385 | 5,979 | |
Tangible fixed assets22/27 |
101,385 | 5,979 | |
Furniture and vehicles24 |
101,385 | 5,979 | |
Current assets29/58 |
320,489 | 188,844 | |
Amounts receivable within one year40/41 |
257,878 | 121,400 | |
Trade receivables40 |
162,835 | 48,400 | |
Other amounts receivable41 |
95,043 | 73,000 | |
Cash at bank and in hand54/58 |
61,332 | 67,444 | |
Deferred charges and accrued income490/1 |
1,279 | - | |
| Balance sheet: equity and liabilities | |||
Total equity and liabilities10/49 |
421,874 | 195,045 | |
Equity10/15 |
272,475 | 118,493 | |
Contributions10/11 |
3,000 | 3,000 | |
Reserves13 |
269,475 | 115,493 | |
Distributable reserves133 |
269,475 | 115,493 | |
Amounts payable17/49 |
149,398 | 76,552 | |
Amounts payable within one year42/48 |
149,398 | 76,552 | |
Trade debts44 |
2,010 | 3,936 | |
Suppliers440/4 |
2,010 | 3,936 | |
Taxes, remuneration and social security45 |
147,389 | 71,426 | |
Taxes450/3 |
147,389 | 71,208 | |
Remuneration and social security454/9 |
0 | 218 | |
Other amounts payable47/48 |
0 | 1,191 | |
| Income statement | |||
Gross operating margin9900 |
229,974 | 163,812 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
14,482 | 641 | |
Operating profit (loss)9901 |
215,493 | 163,171 | |
Financial income75/76B |
4,580 | - | |
Recurring financial income75 |
4,580 | - | |
Financial charges65/66B |
472 | 115 | |
Recurring financial charges65 |
472 | 115 | |
Profit (loss) for the period before taxes9903 |
219,600 | 163,056 | |
Income taxes67/77 |
65,617 | 47,563 | |
Profit (loss) for the period9904 |
153,983 | 115,493 | |
Profit (loss) for the period to be appropriated9905 |
153,983 | 115,493 | |
| Appropriation of the result | |||
Profit (loss) to be appropriated9906 |
153,983 | 115,493 | |
Transfer to equity691/2 |
153,983 | 115,493 | |
To other reserves6921 |
153,983 | 115,493 | |
| Document | |||
The notes to these accounts have 6 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 2024 at the NBB, filed on 11-07-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 |
|---|---|---|---|
| EBITDA | 229,974 | 163,812 | |
| Cash flow | 168,464 | 116,134 | |
| Investment in fixed assets | 109,665 | 6,000 | |
| Change in cash | -6,113 | - | |
| Working capital | 171,091 | 112,292 | |
| Solvency | 64.6% | 60.8% | |
| Current ratio | 2.15 | 2.47 | |
| Debt to equity | 0.55 | 0.65 | |
| ROE | 56.5% | 97.5% | |
| ROA | 36.5% | 59.2% | |
| Interest coverage | over 100 | over 100 |
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.
Investments
fixed assets acquired| Item | 2024 | 2023 |
|---|---|---|
| Tangible fixed assets | €109,665 | €6,000 |
| Depreciation and write-downs of the year | €14,482 | €641 |
Source: notes to the 2023 to 2024 annual accounts (statement of fixed assets)
Insights on RFACTOR
The operating result for 2024 is 32% higher than in 2023.
Debt's share of the balance-sheet total falls from 39.2% to 35.4%. Equity and debt are higher.
Board & ownership
Last board
1 director, no change since January 2026Director (not named in the articles)
since 07-04-2023
term without a fixed end
listed in the 2024 annual accounts, filed on 11-07-2025
Liquidator
appointed by deed of 05-01-2026
earlier director, until 05-01-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “7.3. Vertegenwoordiging van de vennootschap. Iedere bestuurder kan de vennootschap vertegenwoordigen jegens derden, met inbegrip van de…”deed of 12-04-2023
Mandates through the years
2 names, the dashed line is todayRODRIGUEZ DE SANTIAGO Miguel Antonio
Director (not named in the articles)
Director (not named in the articles)
Miguel Rodriguez De Santiago
Liquidator
Liquidator
BoardOther functionEarliermandate already running before its first mention
Mandates as a list
- RODRIGUEZ DE SANTIAGO Miguel Antonio
- Director (not named in the articles), from 07-04-2023 to date
- Miguel Rodriguez De Santiago
- Director, from 07-04-2023 to 05-01-2026
- Liquidator, until 30-12-2025
- Liquidator, appointed by deed of 05-01-2026, still in office
Control
Founder
RODRIGUEZ DE SANTIAGO Miguel Antonio
This company
RFACTOR
Equity €272,475
Profit €153,983 in 2024
Capital
- Capital
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- €2,725 in 2024
- Source
- deed of 12-04-2023
Articles of association
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 12-04-2023 (in Dutch)
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“7.1.Bestuursorgaan, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder”deed of 12-04-2023 (in Dutch)
- Power of attorneyA power of attorney lets someone perform specific acts on the company's behalf.
- “Miguel Rodriguez De Santiago”deed of 16-02-2026 (in Dutch)
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Wednesday of June at 18:00deed of 12-04-2023 (in Dutch)
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditordeed of 12-04-2023 (in Dutch)
- Custody of recordsThe books and records are kept for at least five years after liquidation. The articles set where.
- “9402 Meerbeke, Kwadestraat-Zuid 1, wettelijk voorgeschreven termijn”deed of 16-02-2026 (in Dutch)
Shareholders
At incorporation
deed of 12-04-2023 ↗
- RODRIGUEZ DE SANTIAGO Miguel Antonio 100 shares (100%) · €3,000 in cash
Network & group
No group
RFACTOR has no parent and no holdings in its annual accounts. RODRIGUEZ DE SANTIAGO Miguel Antonio is the only director. RFACTOR shares no director with another company.
Timeline
Timeline
6 events since 2023Board
Filings
Financial
End
2023202420252026
2026
Closure of the liquidationLiquidation closed on 30-12-2025 · Liquidator: Miguel Rodriguez De Santiago · Books and records kept in Meerbeke · General meeting of 30-12-20253 points ▸
- General meeting, 30-12-2025
- Director resignation, Miguel Rodriguez De Santiago (liquidator)
- Liquidation closure, 30-12-2025
- The deed holds 4 more points.
Dissolution of the companyDissolved, in liquidation · Liquidator: RODRIGUEZ DE SANTIAGO Miguel, formerly director · Change of role: RODRIGUEZ DE SANTIAGO Miguel, from director to liquidator · General meeting of 15-12-20254 points ▸
- General meeting, 15-12-2025
- Director resignation, RODRIGUEZ DE SANTIAGO Miguel
- Director appointment, RODRIGUEZ DE SANTIAGO Miguel (liquidator)
- Auditor report, 11-12-2025
- The deed holds 5 more points.
2025
Annual accounts 2024 filed NBBmicro format · 20 days before the deadline
2024
Equity above €200,000 equity €272,475 ▲130% With a profit in every financial year since 2023, equity grows to €272,475.
Annual accounts 2023 filed NBBmicro format · 4 days before the deadline
2023
IncorporationFounding capital of €3,000, 100 shares · Founder: RODRIGUEZ DE SANTIAGO Miguel Antonio (oprichter inschrijver) · Appointment: RODRIGUEZ DE SANTIAGO Miguel Antonio (director)4 points ▸
- Incorporation, 06-04-2023
- Founder, RODRIGUEZ DE SANTIAGO Miguel Antonio (oprichter inschrijver)
- Founding capital, €3,000, 100 shares
- Director appointment, RODRIGUEZ DE SANTIAGO Miguel Antonio (director (not named in the articles))
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Purpose, financial year and meetings according to the articles of association
Name, seat, purpose and duration
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Software ontwikkeling van alle aard; Beheer van projecten die rechtstreeks of onrechtstreeks verband houden met…”
8 activities
- Software ontwikkeling van alle aard;
- Beheer van projecten die rechtstreeks of onrechtstreeks verband houden met informatica-infrastructuur,video,audio of enig ander medium bestaand of toekomstig;
- Consultatie in de informatica in al zijn domeinen bestaand of toekomstig;
- Ontwerpen en commercialiseren van webportalen en webservices,integraties en koppelingen.
- Aankoop- en verkoop,import en export,groot- en kleinhandel of verhuur van alle informaticamateriaal,hardware,software en randapparatuur,van alle telecommateriaal en randapparatuur,van alle elektronicamateriaal en randapparatuur,van alle videomateriaal en randapparatuur,van alle multimedia apparatuur,van alle bureautica apparatuur,van alle foto apparatuur,van CD,video,DVD,CD-ROM of enig ander medium bestaand of toekomstig,van alle didactisch materiaal en gespecialiseerde literatuur van de informatica,audio,video,multimedia,bureautica,telecom,elektronica,elektriciteit,foto en andere gerelateerde zaken;
- Human resources in de ruime zin van het woord met inbegrip van arbeidsbemiddeling en rekrutering/headhunting van personeel en directieleden;
- Opleidingen verzorgen in alle bovenvermelde gebieden;
- Uitsluitend in eigen naam en voor eigen rekening het uit haar activiteiten voortkomende patrimonium in de ruimste zin van het woord beheren en oordeelkundig uitbreiden.Zij mag haar patrimonium uitbreiden door alle onroerende goederen,zowel in volle eigendom als in vruchtgebruik en/of blote eigendom,alle onroerende zakelijke rechten zoals onder meer erfpacht- en opstalrechten en alle roerende goederen als investering te verwerven,beheren,in stand houden en valoriseren;beheer wordt in deze zin verstaan dat aankoop,verhuring,uitrusting,verbouwing en vervreemding toegelaten zijn in zoverre zij nuttig of noodzakelijk zijn of bijdragen tot een meer gunstige samenstelling van het vennootschapspatrimonium.Daartoe mag zij alle onroerende,roerende en financiële handelingen verrichten,zoals onder meer haar onroerende goederen in hypotheek stellen en al haar andere goederen,in pand stellen.Dit alles in de meest ruime zin.
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Kernstraat 4/015, 1000 Brussel”
General meeting and financial year
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Wednesday of June at 18:00
Articles of association, deed of 12-04-2023 (in Dutch)
Inactive
Liquidation closed on 30 December 2025
RFACTOR is no longer in the KBO register.
- Status
- Inactive
- Reason
- Liquidation closedBelgian Official Gazette, 16 February 2026 · deed
- Last annual accounts
- financial year to 31 December 2024
- Last registered office
- Kernstraat 4, Bus 015, 1000 Brusselas published on 16 February 2026
- Legal form
- Private limited company
- First annual accounts
- financial year 2023