Summary
RFMS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €275,769 and a net result of €20,816. Equity is shrinking by ~29.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 9866 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
59 d late
2023
30 d late
2022
30 d late
2021
1 d early
2020
9 d early
2019
90 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 33 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€275,769▲ 8.2%
2023 · €254,953
Net result
€20,816
2023 · -€420,582
Total assets
€308,475▼ 12.9%
2023 · €354,030
Solvency
89.4%▲ 17.4pp
2023 · 72.0%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€27,730▼ 0.2%-€37,498▼ 35.2%-€57,937▼ 54.5%-€48,010▲ 17.1%-€42,069▲ 12.4%
Net result€16,575-€18,224-€368,834▼ 1,924%-€420,582▼ 14.0%€20,816
Equity€1.6m▲ 1.1%€1.5m▼ 1.2%€675,535▼ 56.3%€254,953▼ 62.3%€275,769▲ 8.2%
Total assets€1.6m▲ 0.3%€1.6m▲ 0.4%€928,600▼ 41.2%€354,030▼ 61.9%€308,475▼ 12.9%
Debt€9,611▼ 56.5%€34,555▲ 260%€253,065▲ 632%€99,077▼ 60.8%€32,706▼ 67.0%
Working capital€354,442▲ 4.5%€329,994▼ 6.9%€16,924▼ 94.9%€133,119▲ 687%€160,143▲ 20.3%
Solvency99.4%▲ 0.8pp97.8%▼ 1.6pp72.7%▼ 25.1pp72.0%▼ 0.7pp89.4%▲ 17.4pp
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2023 Equity -62%, Total assets -62% on 2022. Cause not known from the registers.
- 2022 Net result -1,924%, Equity -56% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €42,069 in 2024 against €48,010 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €308,475
Fixed assets
€115,690 ▼ 5.0%
Current assets
€192,785 ▼ 17.0%
Equity and liabilities €308,475
Equity
€275,769 ▲ 8.2%
Debt
€32,706 ▼ 67.0%
Debt's share of the balance-sheet total falls from 28.0% to 10.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
7.5%▲
2023 · -165.0%
ROA
6.7%▲
2023 · -118.8%
Debt ≤ 1 year
€32,642▼
2023 · €99,077
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,324 | €2,454 | €4,655 | €6,428 | €6,143 | ▼ 4.4% |
| Other operating charges640/8 | - | €969 | €970 | - | €2,528 | - |
| Gross operating margin9900 | -€24,558 | -€34,075 | -€52,311 | -€41,582 | -€33,398 | ▲ 19.7% |
| Operating profit (loss)9901 | -€27,730 | -€37,498 | -€57,937 | -€48,010 | -€42,069 | ▲ 12.4% |
| Financial income75/76B | - | €19,478 | €696 | €4,536 | €5,444 | ▲ 20.0% |
| Recurring financial income75 | €44,518 | €19,478 | €696 | €4,536 | €5,444 | ▲ 20.0% |
| Financial charges65/66B | - | €204 | €311,593 | €377,109 | -€57,442 | ▼ 115% |
| Recurring financial charges65 | €213 | €204 | €208 | €342 | €270 | ▼ 20.9% |
| Non-recurring financial charges66B | - | - | €311,385 | €376,767 | -€57,713 | ▼ 115% |
| Profit (loss) for the period before taxes9903 | €16,575 | -€18,224 | -€368,834 | -€420,582 | €20,816 | ▲ 105% |
| Profit (loss) for the period9904 | €16,575 | -€18,224 | -€368,834 | -€420,582 | €20,816 | ▲ 105% |
| Profit (loss) for the period to be appropriated9905 | €16,575 | -€18,224 | -€368,834 | -€420,582 | €20,816 | ▲ 105% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.6m | €928,600 | €354,030 | €308,475 | ▼ 12.9% |
| Fixed assets21/28 | €1.2m | €1.2m | €658,611 | €121,834 | €115,690 | ▼ 5.0% |
| Intangible fixed assets21 | €3,176 | €2,276 | €1,376 | €476 | €176 | ▼ 63.0% |
| Tangible fixed assets22/27 | €4,974 | €12,098 | €21,235 | €21,357 | €15,514 | ▼ 27.4% |
| Furniture and vehicles24 | - | €12,098 | €21,235 | €21,357 | €15,514 | ▼ 27.4% |
| Financial fixed assets28 | €1.2m | €1.2m | €636,000 | €100,000 | €100,000 | = |
| Current assets29/58 | €364,053 | €364,549 | €269,989 | €232,196 | €192,785 | ▼ 17.0% |
| Amounts receivable within one year40/41 | €326,508 | €311,651 | €145,405 | €123,378 | €162,111 | ▲ 31.4% |
| Trade receivables40 | - | €28,273 | €82,969 | €15,484 | €118,779 | ▲ 667% |
| Other amounts receivable41 | - | €283,378 | €62,436 | €107,894 | €43,332 | ▼ 59.8% |
| Cash at bank and in hand54/58 | €5,068 | €33,420 | €123,992 | €103,765 | €20,220 | ▼ 80.5% |
| Deferred charges and accrued income490/1 | - | €19,478 | €592 | €5,054 | €10,454 | ▲ 107% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.6m | €928,600 | €354,030 | €308,475 | ▼ 12.9% |
| Equity10/15 | €1.6m | €1.5m | €675,535 | €254,953 | €275,769 | ▲ 8.2% |
| Contributions10/11 | - | €1.5m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €62,593 | €62,593 | €62,593 | €62,593 | €62,593 | = |
| Non-distributable reserves130/1 | - | €62,443 | - | - | - | - |
| Reserves not available under the articles1311 | - | €62,443 | - | - | - | - |
| Distributable reserves133 | - | €149 | €62,593 | €62,593 | €62,593 | = |
| Profit (loss) carried forward14 | -€3,592 | -€18,224 | -€387,058 | -€807,640 | -€786,824 | ▲ 2.6% |
| Amounts payable17/49 | €9,611 | €34,555 | €253,065 | €99,077 | €32,706 | ▼ 67.0% |
| Amounts payable within one year42/48 | €9,611 | €34,555 | €253,065 | €99,077 | €32,642 | ▼ 67.1% |
| Trade debts44 | €2,802 | €13,172 | €7,094 | €6,356 | €13,472 | ▲ 112% |
| Suppliers440/4 | - | €13,172 | €7,094 | €6,356 | €13,472 | ▲ 112% |
| Taxes, remuneration and social security45 | - | €6,383 | €241 | €621 | - | - |
| Taxes450/3 | - | €6,383 | €241 | €621 | - | - |
| Other amounts payable47/48 | - | €15,000 | €245,731 | €92,101 | €19,170 | ▼ 79.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €64 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,575 | -€18,224 | -€368,834 | -€420,582 | €20,816 | ▲ 105% |
| + Depreciation and write-downs630 | €1,324 | €2,454 | €4,655 | €6,428 | €6,143 | ▼ 4.4% |
| Operating cash flow (approximation) | €17,898 | -€15,770 | -€364,178 | -€414,155 | €26,960 | ▲ 107% |
| Investment in fixed assets (approximation) | - | -€8,678 | €551,108 | €530,350 | €0 | ▼ 100% |
| Change in cash | - | €28,351 | €90,572 | -€20,227 | -€83,545 | ▼ 313% |
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
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
31-12
Financial
Back to profitnet €20,816
Net result €20,816 after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 5.91
Current ratio from 2.34 to 5.91; short-term debt falls from €99,077 to €32,642.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€420,582
Net result drops to -€420,582, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 2.34
Current ratio from 1.07 to 2.34; short-term debt falls from €253,065 to €99,077.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €16,575
Net result €16,575 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 37.88
Current ratio from 16.34 to 37.88; short-term debt falls from €22,102 to €9,611.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
Show earlier events
2019
20-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Antwerpen · 1 establishment unit since 2015
Ground area
292 m²
Building footprint
292 m²
Volume, LiDAR
4,031 m³
Parcel 11811L3713/00V002, Flanders · tallest building 18.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
RFMS
since 20152.300.474.071
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3713/00V002 | Flanders | 292 m² | 1 · 292 m² | 18.5 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 1
-
23.04%
According to the 2022 annual accounts of RFMS 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,729 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0642729126
Registered
19-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.