RJO
ActiveSummary
RJO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,142 and a net result of €95,542. Equity is shrinking by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 18% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency37▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.05 in 2024; short-term debt: 88.1% and cash: 20.8% of total assets), and 88.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.9%
Return on assets
59.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 31896 sector peers (2025).
NBB · sector comparisonPosition among 31896 sector peers
Solvency
better than 18%
← weakest
strongest →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
7 d early
2024
on the day
2023
on the day
2022
25 d early
2021
13 d early
2020
27 d late
2019
27 d late
← 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 1 day after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€19,142▲ 2.9%
2024 · €18,600
Total assets
€160,649▼ 16.2%
2024 · €191,596
Net result
€95,542▲ 41.6%
2024 · €67,484
Working capital
€7,154▼ 8.2%
2024 · €7,797
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Operating result€18,069▲ 213%€56,944▲ 215%€133,542▲ 135%€86,600▼ 35.2%€123,572▲ 42.7%
Net result€13,125within the sector's middle half▲ 236%€45,094within the sector's middle half▲ 244%€104,862above the sector's middle half▲ 133%€67,484above the sector's middle half▼ 35.6%€95,542above the sector's middle half▲ 41.6%
Equity€51,203within the sector's middle half▲ 15.6%€114,897within the sector's middle half▲ 124%€18,600below the sector's middle half▼ 83.8%€18,600below the sector's middle half=€19,142below the sector's middle half▲ 2.9%
Total assets€62,151below the sector's middle half▼ 4.1%€123,137within the sector's middle half▲ 98.1%€225,804within the sector's middle half▲ 83.4%€191,596within the sector's middle half▼ 15.1%€160,649within the sector's middle half▼ 16.2%
Debt€10,948▼ 46.7%€8,240▼ 24.7%€207,204▲ 2,415%€172,996▼ 16.5%€141,507▼ 18.2%
Working capital€50,311▲ 17.0%€105,194▲ 109%€3,352▼ 96.8%€7,797▲ 133%€7,154▼ 8.2%
Solvency82.4%above the sector's middle half▲ 14.1pp93.3%above the sector's middle half▲ 10.9pp8.2%below the sector's middle half▼ 85.1pp9.7%below the sector's middle half▲ 1.5pp11.9%below the sector's middle half▲ 2.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
The operating result recovers in 2025; 2025 is 43% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €160,649
Fixed assets
€11,988 ▲ 11.0%
Current assets
€148,661 ▼ 17.8%
Equity and liabilities €160,649
Equity
€19,142 ▲ 2.9%
Debt
€141,507 ▼ 18.2%
Debt's share of the balance-sheet total falls from 90.3% to 88.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€128,332▲
2024 · €91,045
Cash flow
€100,301▲
2024 · €71,929
Current ratio
1.05▲
2024 · 1.05
Debt to equity
7.39▼
2024 · 9.30
ROE
499.1%▲
2024 · 362.8%
ROA
59.5%▲
2024 · 35.2%
Interest coverage
755.56▲
2024 · 384.01
Debt ≤ 1 year
€141,507▼
2024 · €172,996
Income taxes
€28,113▲
2024 · €18,930
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 6,703 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,463 | €1,132 | €4,899 | €4,445 | €4,760 | ▲ 7.1% |
| Other operating charges640/8 | €468 | €569 | €717 | €762 | €924 | ▲ 21.2% |
| Gross operating margin9900 | €21,000 | €58,646 | €139,158 | €91,807 | €129,256 | ▲ 40.8% |
| Operating profit (loss)9901 | €18,069 | €56,944 | €133,542 | €86,600 | €123,572 | ▲ 42.7% |
| Financial income75/76B | €11 | €299 | €1,135 | €52 | €253 | ▲ 389% |
| Recurring financial income75 | €11 | €299 | €1,135 | €52 | €253 | ▲ 389% |
| Financial charges65/66B | €518 | €545 | €555 | €237 | €170 | ▼ 28.4% |
| Recurring financial charges65 | €518 | €545 | €555 | €237 | €170 | ▼ 28.4% |
| Profit (loss) for the period before taxes9903 | €17,561 | €56,698 | €134,121 | €86,415 | €123,655 | ▲ 43.1% |
| Income taxes67/77 | €4,436 | €11,604 | €29,259 | €18,930 | €28,113 | ▲ 48.5% |
| Profit (loss) for the period9904 | €13,125 | €45,094 | €104,862 | €67,484 | €95,542 | ▲ 41.6% |
| Profit (loss) for the period to be appropriated9905 | €13,125 | €45,094 | €104,862 | €67,484 | €95,542 | ▲ 41.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62,151 | €123,137 | €225,804 | €191,596 | €160,649 | ▼ 16.2% |
| Formation expenses20 | €0 | €961 | €0 | - | - | - |
| Fixed assets21/28 | €893 | €8,939 | €15,248 | €10,803 | €11,988 | ▲ 11.0% |
| Tangible fixed assets22/27 | €893 | €8,939 | €15,248 | €10,803 | €11,988 | ▲ 11.0% |
| Plant, machinery and equipment23 | €137 | €2,178 | €4,087 | €3,086 | €2,085 | ▼ 32.4% |
| Furniture and vehicles24 | €755 | €6,761 | €11,161 | €7,717 | €9,903 | ▲ 28.3% |
| Current assets29/58 | €61,258 | €113,236 | €210,556 | €180,793 | €148,661 | ▼ 17.8% |
| Amounts receivable after more than one year29 | €5,000 | €17,174 | €0 | - | - | - |
| Other amounts receivable291 | €5,000 | €17,174 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €785 | €39,284 | €38,172 | €2,105 | €114,485 | ▲ 5,338% |
| Trade receivables40 | - | €32,100 | €121 | €118 | €114,485 | ▲ 96,938% |
| Other amounts receivable41 | €785 | €7,184 | €38,051 | €1,987 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €54,811 | €56,160 | €170,617 | €178,018 | €33,400 | ▼ 81.2% |
| Deferred charges and accrued income490/1 | €663 | €618 | €1,767 | €669 | €776 | ▲ 15.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62,151 | €123,137 | €225,804 | €191,596 | €160,649 | ▼ 16.2% |
| Equity10/15 | €51,203 | €114,897 | €18,600 | €18,600 | €19,142 | ▲ 2.9% |
| Contributions10/11 | €1 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €51,202 | €96,297 | €0 | - | €542 | - |
| Distributable reserves133 | €51,202 | €96,297 | €0 | - | €542 | - |
| Profit (loss) carried forward14 | - | - | €0 | - | €0 | - |
| Amounts payable17/49 | €10,948 | €8,240 | €207,204 | €172,996 | €141,507 | ▼ 18.2% |
| Amounts payable within one year42/48 | €10,948 | €8,043 | €207,204 | €172,996 | €141,507 | ▼ 18.2% |
| Trade debts44 | €2,665 | €653 | €18 | €787 | €100 | ▼ 87.2% |
| Suppliers440/4 | €2,665 | €653 | €18 | €787 | €100 | ▼ 87.2% |
| Taxes, remuneration and social security45 | €6,094 | €4,937 | €36,201 | €1,845 | €7,775 | ▲ 321% |
| Taxes450/3 | €6,094 | €4,937 | €36,201 | €1,845 | €5,333 | ▲ 189% |
| Remuneration and social security454/9 | - | - | - | - | €2,441 | - |
| Other amounts payable47/48 | €2,188 | €2,453 | €170,985 | €170,364 | €133,632 | ▼ 21.6% |
| Accrued charges and deferred income492/3 | €0 | €197 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,125 | €45,094 | €104,862 | €67,484 | €95,542 | ▲ 41.6% |
| + Depreciation and write-downs630 | €2,463 | €1,132 | €4,899 | €4,445 | €4,760 | ▲ 7.1% |
| Operating cash flow (approximation) | €15,588 | €46,227 | €109,761 | €71,929 | €100,301 | ▲ 39.4% |
| Investment in fixed assets (approximation) | - | -€9,179 | -€11,207 | €0 | -€5,944 | - |
| Change in cash | - | €1,349 | €114,457 | €7,401 | -€144,618 | ▼ 2,054% |
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
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €104,862 ▲133%
Operating result €133,542, net result €104,862, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 14.08
Current ratio from 5.60 to 14.08; short-term debt falls from €10,948 to €8,043.
31-12
Financial
Equity above €100,000Eq €114,897 ▲124%
4 profitable years in a row build equity to €114,897.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €3,912 ▼88.6%
Net result drops to €3,912, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Gent · 1 establishment unit since 2018
Ground area
326 m²
Building footprint
140 m²
Volume, LiDAR
910 m³
Parcel 44809I0211/00W004, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RJO
since 20182.281.440.394
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0211/00W004 | Flanders | 326 m² | 1 · 140 m² | 12.0 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 227 EUR awarded · 227 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 227 EUR |
| 2022 | 1 | 227 EUR | 0 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 30,137 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
Founded24-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
71122Land surveying
85599Other education
Contact
E-mail
rjolley84@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0712525376
Also
9925:BE0712525376
Registered
24-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.