RM & Associates
ActiveRM & Associates has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €390k and a net result of €140k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 17% of 3263 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▼-8
Solvency34=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 3.19 against 3.52 in 2024; short-term debt: 14.4% and cash: 23.7% of total assets), but 91.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
8.6%
Return on assets
3.1%
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 17% of 3263 sector peers (2025).
NBB · sector comparisonPosition among 3263 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
31 d late
2022
14 d late
2021
14 d late
2020
58 d late
2019
20 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€140k▼ 20.5%
2024 · €176k
2018: €60k
2019: €64k
2020: €70k
2021: €123k
2022: €24k
2023: €390k
2024: €176k
2018 → 2025
Working capital
€1.43M▲ 9.3%
2024 · €1.31M
2018: €304k
2019: €519k
2020: €729k
2021: €1.03M
2022: €1.15M
2023: €1.37M
2024: €1.31M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€301k-€305k▲ 1.2%€338k▲ 11.0%€382k▲ 13.0%€390k▲ 2.0%
Operating result€164k-€87k▼ 47.2%€466k▲ 438%€275k▼ 41.0%€272k▼ 1.1%
Net result€123k-€24k▼ 80.1%€390k▲ 1,495%€176k▼ 54.9%€140k▼ 20.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.52M
Fixed assets
€2.44M▼ 2.9%
Current assets
€2.08M▲ 14.0%
Equity and liabilities €4.52M
Equity
€390k▲ 2.0%
Debt
€4.13M▲ 4.4%
The debt ratio rises from 91.2% to 91.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€373k▼
2024 · €375k
Cash flow
€240k▼
2024 · €276k
Solvency
8.6%▼
2024 · 8.8%
Current ratio
3.19▼
2024 · 3.52
Quick ratio
3.19▼
2024 · 3.52
Debt / equity
10.60▲
2024 · 10.35
ROE
35.8%▼
2024 · 46.0%
ROA
3.1%▼
2024 · 4.1%
Interest coverage
3.23▼
2024 · 4.05
Debt
€4.13M▲
2024 · €3.96M
Debt ≤ 1 year
€653k▲
2024 · €519k
Debt > 1 year
€3.20M▲
2024 · €3.11M
Income taxes
€10k▼
2024 · €13k
Staff costs
€234k▲
2024 · €232k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.34M€4.52M▲
Fixed assets21/28€2.51M€2.44M▼
Intangible fixed assets21€12k€6k▼
Tangible fixed assets22/27€1.82M€1.76M▼
Land and buildings22€1.82M€1.76M▼
Furniture and vehicles24€4k€3k▼
Financial fixed assets28€680k€670k▼
Current assets29/58€1.83M€2.08M▲
Amounts receivable within one year40/41€693k€511k▼
Trade receivables40€512k€505k▼
Other amounts receivable41€181k€5k▼
Current investments50/53€73k€486k▲
Cash at bank and in hand54/58€1.04M€1.07M▲
Deferred charges and accrued income490/1€15k€15k▼
Equity and liabilities
Total equity and liabilities10/49€4.34M€4.52M▲
Equity10/15€382k€390k▲
Contributions10/11€40k€40k=
Reserves13€15k€15k=
Non-distributable reserves130/1€12k€12k=
Reserves not available under the articles1311€12k€12k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€303k€313k▲
Investment grants15€24k€22k▼
Amounts payable17/49€3.96M€4.13M▲
Amounts payable after more than one year17€3.11M€3.20M▲
Financial debts170/4€1.61M€1.51M▼
Other amounts payable178/9€1.50M€1.69M▲
Amounts payable within one year42/48€519k€653k▲
Current portion of amounts payable after more than one year42€144k€136k▼
Trade debts44€209k€303k▲
Suppliers440/4€209k€303k▲
Taxes, remuneration and social security45€60k€84k▲
Taxes450/3€11k€31k▲
Remuneration and social security454/9€49k€53k▲
Other amounts payable47/48€105k€130k▲
Accrued charges and deferred income492/3€329k€278k▼
Income statement
Code20242025
Remuneration, social security and pensions62€232k€234k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100k€101k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€43k€35k▼
Other operating charges640/8€110k€11k▼
Non-recurring operating charges66A€300€350▲
Gross operating margin9900€761k€653k▼
Operating profit (loss)9901€275k€272k▼
Financial income75/76B€16k€3k▼
Recurring financial income75€16k€3k▼
Financial charges65/66B€103k€126k▲
Recurring financial charges65€93k€116k▲
Non-recurring financial charges66B€10k€10k=
Profit (loss) for the period before taxes9903€189k€150k▼
Income taxes67/77€13k€10k▼
Profit (loss) for the period9904€176k€140k▼
Profit (loss) for the period to be appropriated9905€176k€140k▼
Appropriation of the result
Profit (loss) to be appropriated9906€433k€443k▲
Profit (loss) brought forward from the previous period14P€257k€303k▲
Profit to be distributed694/7€130k€130k=
Directors or managers695€130k€130k=
Social balance
Average headcount (FTE)90873.03.1▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
04-08
State Gazette act
General meeting · Net-asset statement
Dissolution · Liquidation closure
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial
Highest result since 2018net €390k ▲1495%
Operating result €466k, net result €390k, both a record.
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 14 days late
2022
31-12
Financial
Weakest financial yearnet €24k ▼80.1%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 14 days late
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
25-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 25 days late
2017
22-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Etterbeek · 2 establishment units since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louis Schmidtlaan 241040 EtterbeekGround area
617 m²
Building footprint
307 m²
Volume, LiDAR
3,861 m³
2 parcels, Brussels · tallest building 31.9 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Brillat-Savarinlaan 76, 1050 Elsene
since 20162.254.576.839
Louis Schmidtlaan 24, 1040 Etterbeek
since 20192.320.529.416
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0354/00M005 | Brussels | 413 m² | 1 · 197 m² | 31.9 m · 4 fl. |
| 21445C0262/00W036 | Brussels | 205 m² | 1 · 110 m² | 15.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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AEQUILIBRIS
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E.D.P. CONSULTING
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,637. 5,794 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-04-2007
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
74121
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.