RH Immo
ActiveSummary
RH Immo has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €65,480. Equity is growing by about 22% per year across the filed financial years. Its solvency ranks better than 40% of 11,207 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
5th oldest company in Herstal, Real estate sector1 site
Size
≈ €200,000turnover 2025, estimated
- Equity
- €1.1m
- Profit
- €65,480
Turnover estimated from the gross margin
Structure
- Parent
- ACNL LOGISTICS · 100%
- ACNL LOGISTICSDirector · permanent representative SACRE Christophe
2025 accounts 25 days early2 of 4 deeds summarised
Why 96raises riskEquity €1.1m (20.9% of total assets)lowers riskSize: total assets €5.0mFigures for financial year 2025 (filed 06-07-2026)Liquidity: current ratio 4.32, cash €909,194Show the evidence
Checked score
Score 2025
96
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 69% of its sector peers (NACE 68, small)
Financial strength · tick = 2024
Average
Solvency
46-26
equity 20.9% of total assets
Liquidity
73+19
short-term debt 4.7% · cash 18.1%
Profitability
70+1
return on assets 1.3%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● unchanged vs 11-2024
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: < 0.1%▼ -0.1 percentage points vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: 0.1%▲ +0.1 percentage points vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.32, compared with 2.0 in 2024, above the usual 1.5; short-term debt: 4.7% and cash: 18.1% of total assets), but 79.1% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small): better than 41% on solvency, 94% on liquidity, 73% on profitability and 67% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 days early
2024
6 days early
2023
26 days late
2022
41 days early
2021
40 days early
2020
31 days early
2019
39 days 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 22 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Liquidity more than doubledcurrent ratio 4.32
- Equity above €1mequity €1.1m ▲6.6%
Financials · financial year 2025, abbreviated format
In the rankings
#5 oldest company in Herstal, Real estate sector
Turnover
≈ €200,000
Estimated: probably between €160,000 and €320,000
EBIT margin
Not included in this filing
Net result
€65,480▲ 15×
2024 · €4,482
Working capital
€788,646▲ 556%
2024 · €120,295
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €109,437 after a loss of €873 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.1m
2025
Net result€0.07m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€5.0m
2025
Equity€1.1m
2025
Debt€3.7m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.8m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency20.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.32
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.02m-€0.03m▲ 74.0%€0.02m▼ 5.7%€0.8m▲ 31×€0.3m▼ 55.4%€0.09m▼ 73.2%-€0.001m€0.1m
Net result€0.02m-€0.02m▲ 15.2%€0.01mwithin the sector's middle half▼ 20.1%€0.6mabove the sector's middle half▲ 41×€0.3mabove the sector's middle half▼ 55.4%€0.09mwithin the sector's middle half▼ 64.6%€0.004mwithin the sector's middle half▼ 95.0%€0.07mwithin the sector's middle half▲ 15×
Equity€0.03m-€0.05m▲ 49.6%€0.07mwithin the sector's middle half▲ 26.5%€0.6mabove the sector's middle half▲ 863%€0.9mabove the sector's middle half▲ 39.9%€1.0mwithin the sector's middle half▲ 10.1%€1.0mwithin the sector's middle half▲ 0.5%€1.1mwithin the sector's middle half▲ 6.6%
Total assets€0.2m-€0.2m▼ 3.1%€0.2mwithin the sector's middle half▼ 4.4%€0.9mwithin the sector's middle half▲ 440%€1.3mabove the sector's middle half▲ 42.6%€1.4mwithin the sector's middle half▲ 6.1%€2.1mwithin the sector's middle half▲ 47.1%€5.0mabove the sector's middle half▲ 141%
Debt€0.2m-€0.1m▼ 15.2%€0.1m▼ 16.9%€0.1m▲ 8.2%€0.2m▲ 53.7%€0.2m▼ 5.1%€0.8m▲ 395%€3.7m▲ 344%
Working capital-€0.1m--€0.1m▲ 22.1%-€0.08mbelow the sector's middle half▲ 22.5%€0.8mabove the sector's middle half€0.3mabove the sector's middle half▼ 62.8%-€0.04mwithin the sector's middle half€0.1mwithin the sector's middle half€0.8mabove the sector's middle half▲ 556%
Solvency18.7%-28.8%▲ 10.1pp38.1%within the sector's middle half▲ 9.3pp68.0%above the sector's middle half▲ 29.8pp66.7%above the sector's middle half▼ 1.3pp69.3%above the sector's middle half▲ 2.5pp47.3%within the sector's middle half▼ 22.0pp20.9%within the sector's middle half▼ 26.4pp
Current ratio0.17-0.24▲ 0.070.26below the sector's middle half▲ 0.028.29above the sector's middle half▲ 8.032.64within the sector's middle half▼ 5.650.78within the sector's middle half▼ 1.862.00within the sector's middle half▲ 1.224.32above the sector's middle half▲ 2.32
Return on assets (ROA)8.0%-9.6%▲ 1.5pp8.0%above the sector's middle half▼ 1.6pp60.9%above the sector's middle half▲ 52.9pp19.0%above the sector's middle half▼ 41.9pp6.4%above the sector's middle half▼ 12.7pp0.2%within the sector's middle half▼ 6.1pp1.3%within the sector's middle half▲ 1.1pp
above
within
below
the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Why a figure moved sharply
- 2023 Net result -65% on 2022. The accounts now follow the full format, last year the micro format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.0m
Fixed assets
€4.0m ▲ 117%
Current assets
€1.0m ▲ 327%
Equity and liabilities €5.0m
Equity
€1.1m ▲ 6.6%
Provisions
€253,138 ▼ 2.6%
Debt
€3.7m ▲ 344%
Debt's share of the balance-sheet total rises from 40.2% to 74.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€143,775▲
2024 · €34,933
Cash flow
€99,817▲
2024 · €40,288
Debt to equity
3.54▲
2024 · 0.85
ROE
6.2%▲
2024 · 0.5%
Interest coverage
6.80▼
2024 · 43.71
Debt ≤ 1 year
€237,592▲
2024 · €119,874
Debt > 1 year
€3.5m▲
2024 · €718,000
Income taxes
€29,546▲
2024 · €21
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,685 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.9% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
1.9%
stopped otherwise
96.9%
still going
For this company itself Checked computes a lower bankruptcy probability: < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 4,685 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,134 | €10,517 | €10,586 | - | €127 | €340 | €35,806 | €34,337 | ▼ 4.1% |
| Other operating charges640/8 | - | - | - | €6,935 | €2,380 | €1,719 | €13,594 | €6,637 | ▼ 51.2% |
| Non-recurring operating charges66A | - | - | - | €101,107 | - | - | - | - | - |
| Gross operating margin9900 | €34,129 | €43,868 | €42,452 | €875,838 | €344,768 | €93,921 | €48,528 | €150,411 | ▲ 210% |
| Operating profit (loss)9901 | €15,172 | €26,398 | €24,880 | €767,796 | €342,261 | €91,862 | -€873 | €109,437 | - |
| Financial charges65/66B | - | - | - | €3,971 | €5,438 | €1,624 | €799 | €21,157 | ▲ 26× |
| Recurring financial charges65 | €130 | €220 | €4,444 | €3,971 | €5,438 | €1,624 | €799 | €21,157 | ▲ 26× |
| Profit (loss) for the period before taxes9903 | €15,041 | €26,178 | €20,436 | €763,825 | €336,823 | €90,238 | -€1,672 | €88,280 | - |
| Transfer from deferred taxes780 | - | - | - | - | - | - | €6,175 | €6,746 | ▲ 9.3% |
| Transfer to deferred taxes680 | - | - | - | €183,686 | €82,372 | - | - | - | - |
| Income taxes67/77 | - | €8,849 | €6,596 | €9,530 | €102 | €261 | €21 | €29,546 | ▲ 1,441× |
| Profit (loss) for the period9904 | €15,041 | €17,329 | €13,840 | €570,609 | €254,350 | €89,977 | €4,482 | €65,480 | ▲ 15× |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €18,524 | €20,238 | ▲ 9.3% |
| Transfer to tax-exempt reserves689 | - | - | - | €551,059 | €247,115 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €15,041 | €17,329 | €13,840 | €19,550 | €7,234 | €89,977 | €23,006 | €85,718 | ▲ 273% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.2m | €0.2m | €0.2m | €0.9m | €1.3m | €1.4m | €2.1m | €5.0m | ▲ 141% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.1m | €0.06m | €0.9m | €1.3m | €1.8m | €4.0m | ▲ 117% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.1m | €0.06m | €0.9m | €1.3m | €1.8m | €4.0m | ▲ 117% |
| Land and buildings22 | - | - | - | €0.06m | €0.3m | €0.3m | €1.6m | €1.7m | ▲ 7.6% |
| Plant, machinery and equipment23 | - | - | - | - | €0.002m | €0.001m | €0.001m | - | - |
| Assets under construction and advance payments27 | - | - | - | - | €0.5m | €1.0m | €0.3m | €2.3m | ▲ 794% |
| Current assets29/58 | €0.03m | €0.03m | €0.03m | €0.9m | €0.5m | €0.1m | €0.2m | €1.0m | ▲ 327% |
| Amounts receivable within one year40/41 | - | - | - | - | €0.04m | €0.002m | €0.2m | €0.1m | ▼ 30.0% |
| Trade receivables40 | - | - | - | - | €0.005m | €0.002m | €0.002m | €0.07m | ▲ 43× |
| Other amounts receivable41 | - | - | - | - | €0.03m | €471 | €0.2m | €0.05m | ▼ 72.0% |
| Cash at bank and in hand54/58 | €0.02m | €0.03m | €0.02m | €0.05m | €0.1m | €0.1m | €0.07m | €0.9m | ▲ 14× |
| Deferred charges and accrued income490/1 | - | - | - | €0.8m | €0.3m | €442 | €0.007m | €0.001m | ▼ 86.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.2m | €0.2m | €0.2m | €0.9m | €1.3m | €1.4m | €2.1m | €5.0m | ▲ 141% |
| Equity10/15 | €0.03m | €0.05m | €0.07m | €0.6m | €0.9m | €1.0m | €1.0m | €1.1m | ▲ 6.6% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.02m | €0.03m | €0.6m | €0.9m | €0.9m | €0.8m | €0.8m | ▼ 2.4% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.6m | €0.8m | €0.8m | €0.8m | €0.8m | ▼ 2.6% |
| Distributable reserves133 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | €0.01m | €0.01m | €0.01m | €0.01m | €0.02m | €0.1m | €0.1m | €0.2m | ▲ 64.1% |
| Provisions and deferred taxes16 | - | - | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 2.6% |
| Deferred taxes168 | - | - | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 2.6% |
| Amounts payable17/49 | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.8m | €3.7m | ▲ 344% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €0.7m | €3.5m | ▲ 384% |
| Financial debts170/4 | - | - | - | - | - | - | €0.7m | €3.5m | ▲ 384% |
| Amounts payable within one year42/48 | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 98.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | - | €0.2m | - |
| Trade debts44 | €331 | €160 | €50 | €0.02m | €0.001m | €481 | €0.05m | €0.004m | ▼ 92.9% |
| Suppliers440/4 | - | - | - | €0.02m | €0.001m | €481 | €0.05m | €0.004m | ▼ 92.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.006m | €0.005m | €363 | €93 | €0.004m | ▲ 38× |
| Taxes450/3 | - | - | - | €0.006m | €0.005m | €363 | €93 | €0.004m | ▲ 38× |
| Other amounts payable47/48 | - | - | - | €0.08m | €0.2m | €0.2m | €0.07m | €0.07m | ▼ 0.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.004m | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.02m | €0.02m | €0.01m | €0.6m | €0.3m | €0.09m | €0.004m | €0.07m | ▲ 15× |
| + Depreciation and write-downs630 | €0.01m | €0.01m | €0.01m | - | €127 | €340 | €0.04m | €0.03m | ▼ 4.1% |
| Operating cash flow (approximation) | €0.03m | €0.03m | €0.02m | €0.6m | €0.3m | €0.09m | €0.04m | €0.1m | ▲ 148% |
| Investment in fixed assets (approximation) | - | €0 | -€0.007m | €0.09m | -€0.8m | -€0.4m | -€0.6m | -€2.2m | ▼ 267% |
| Change in cash | - | €0.005m | -€0.006m | €0.03m | €0.08m | €0.004m | -€0.06m | €0.8m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 06-07-2026 | 2026-00269925 |
| 31-12-2024 | full format | 25-07-2025 | 2025-00326110 |
| 31-12-2023 | full format | 26-08-2024 | 2024-00379521 |
| 31-12-2022 | micro format | 20-06-2023 | 2023-00139897 |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20077250 |
| 31-12-2020 | micro format | 30-06-2021 | 2021-28300562 |
| 31-12-2019 | micro format | 22-06-2020 | 2020-19400014 |
| 31-12-2018 | micro format | 25-06-2019 | 2019-22100222 |
| 31-12-2017 | micro format | 06-07-2018 | 2018-29700458 |
| 31-12-2016 | micro format | 22-09-2017 | 2017-62300376 |
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Of the 12,071 active companies whose main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203), figures are known for 6,195. 4,159 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2024
Board 1
ACNL LOGISTICS
CurrentDirector (not named in the articles) · Private limited company · permanent representative: SACRE Christophe
Permanent representatives 1
SACRE Christophe
CurrentPermanent representative · for ACNL LOGISTICS
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
2 of this company's 4 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
2 people since 2024, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ACNL LOGISTICS |
|
| Raphaël HENRARD |
|
Owners and capital
Owners
2 ownersChain of control
- ACNL LOGISTICS
- RH Immo
Highest known parent: ACNL LOGISTICS. The sources do not say who stands above it.
Owners 2
- ACNL LOGISTICSparent100%
- PETER OPREInatural personSourceown accounts 2016100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital over the years
- 17-06-2024 Converted to unavailable equity · €20,900
Group and network
Connections & network
1 current directorThe board mandates are listed below; here you explore them as a network.
This company
Company
Director
Shareholding
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
2025
31-12
Financial
Liquidity more than doubledcurrent ratio 4.32
Current ratio from 2.00 to 4.32.
31-12
Financial
Equity above €1mequity €1.1m ▲6.6%
A profit in every financial year since 2018 builds equity to €1.1m.
25-07
NBB filing
Annual accounts filed
financial year 2024 · full format
2024
31-12
Financial
Weakest financial yearnet €4,482 ▼95%
Net result drops to €4,482, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity more than doubledcurrent ratio 2.00
Current ratio from 0.78 to 2.00; short-term debt falls from €169,311 to €119,874.
26-08
NBB filing
Annual accounts filed
financial year 2023 · full format · 26 days late
17-06
Gazette deed
Resignation: ACNL LOGISTICS (manager)Reappointment: ACNL LOGISTICS (director) · Permanent representative: SACRE Christophe · Registered office clause17 facts ▸
Gazette deed
Resignation: ACNL LOGISTICS (manager)
Reappointment: ACNL LOGISTICS (director) · Permanent representative: SACRE Christophe · Registered office clause17 facts ▸
- Director resignation, ACNL LOGISTICS (manager)
- Director reappointment, ACNL LOGISTICS (director (not named in the articles))
- Permanent representative, SACRE Christophe (2 times)
- Other provision, “exécution mandat, décharge gérant démissionnaire” (deed in French)
- Registered office clause, “4041 Herstal, Rue de la Petite Doucette,29” (deed in French)
- Other provision, “néant, site internet et adresse électronique” (deed in French)
- Power of attorney
- General meeting, 30-04-2024
- Legal form clause, “SOCIETE PRIVEE A RESPONSABILITE LIMITEE” (deed in French)
- Registered office clause, “Rue de la Petite Doucette, 29 à 4041 Herstal” (deed in French)
- Legal form clause, “conserver, société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- +5 further facts in this act
05-04
Gazette deed
Resignation: Raphaël HENRARD (director)Appointment: ACNL LOGISTICS (director) · Permanent representative: Christophe SACRE · Director discharge6 facts ▸
Gazette deed
Resignation: Raphaël HENRARD (director)
Appointment: ACNL LOGISTICS (director) · Permanent representative: Christophe SACRE · Director discharge6 facts ▸
- General meeting, 22-01-2024
- Director resignation, Raphaël HENRARD (director)
- Director discharge, Raphaël HENRARD
- Director appointment, ACNL LOGISTICS (director)
- Permanent representative, Christophe SACRE
- Registered-office move, Rue de la Petite Doucette 29 à 4041 HERSTAL
2023
20-06
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
21-06
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
31-12
Financial
Highest result from 2018 to 2025net €570,609 ▲4,023%
Operating result €767,796, net result €570,609, both a record.
Show earlier events
31-12
Financial
Liquidity more than 31 timescurrent ratio 8.29
Current ratio from 0.26 to 8.29.
31-12
Financial
Equity above €500,000equity €636,729 ▲863%
A profit in every financial year since 2018 builds equity to €636,729.
30-06
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
22-06
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
25-06
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
06-07
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
22-09
NBB filing
Annual accounts filed
financial year 2016 · micro format · 53 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 34 annual accounts filed, the latest 10 are here; all 34 are under Financials.
2 of 4 deeds read
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded11-06-1992
Financial year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68204Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447528801
Also
9925:BE0447528801
Registered
27-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 1992
Ground area
9,426 m²
Building footprint
1,176 m²
Building volume
1,540 m³
2 parcels, Wallonia · tallest building 8.8 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
RH Immo
since 1992unit no. 2.057.750.377
2 parcels
Wallonia
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62071B0790/00G002 | Wallonia | 5,629 m² | 1 · 927 m² | - |
| 62103B0697/00V000 | Wallonia | 3,797 m² | 1 · 248 m² | 8.8 m · 2 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La constitution et la valorisation d'un patrimoine immobilier; Dans ce cadre, elle peut, tant en Belgique qu'à l'étranger, accomplir toutes…” (deed in French)
5 activities (deed in French)
- La constitution et la valorisation d'un patrimoine immobilier.
- Dans ce cadre, elle peut, tant en Belgique qu'à l'étranger, accomplir toutes opérations mobilières, immobilières ou financières se rattachant directement ou indirectement à son objet.
- Elle peut s'intéresser, par voie d'apport, de cession, de fusion, de souscription, de participation, d'intervention financière ou autrement dans toutes sociétés, entreprises ou opérations ayant un objet similaire ou connexe au sien ou qui sont de nature à favoriser sa réalisation ou son extension ou à lui procurer des matières premières, à faciliter l'écoulement de son produit ou constituant pour elle une source ou un débouché.
- La société pourra prendre la direction et le contrôle, en sa qualité d'administrateur, liquidateur ou autrement, d'autres sociétés et leur prodiguer des avis.
- Le tout, sous réserve des activités requérant un accès à la profession ou des spécialités réglementées par la loi, lesquelles s'exerceront à défaut d'accès reconnu à la société par le biais de sous-traitants spécialisés.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- One provision in the deed
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, pas de changement de régime linguistique” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Nombre,durée du mandat,pouvoirs en cas de pluralité, avec ou sans limitation” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, inscription au registre” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Monday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, Article 22” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Article 23, dissolution pour quelque cause et à quelque moment” (deed in French)