RM Concept
ActiveThe computed 12-month bankruptcy probability of RM Concept is 2.1% (moderate). The 2025 annual accounts show equity of €58k and a net result of €3k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 41% of 13270 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▲+18
Solvency45=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.82 against 0.77 in 2024; short-term debt: 79.8% and cash: 15.3% of total assets), and 79.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
20.2%
Return on assets
0.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 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
45 d late
2024
13 d late
2023
16 d late
2022
22 d late
2021
75 d late
2020
23 d late
2019
116 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€58k▲ 4.9%
2024 · €55k
2018: €82k
2019: €86k
2020: €54k
2021: €58k
2022: €93k
2023: €77k
2024: €55k
2018 → 2025
Total assets
€284k▲ 2.6%
2024 · €277k
2018: €163k
2019: €147k
2020: €243k
2021: €253k
2022: €381k
2023: €380k
2024: €277k
2018 → 2025
Net result
€3k
2024 · €-22k
2018: €16k
2019: €4k
2020: €-31k
2021: €3k
2022: €36k
2023: €-17k
2024: €-22k
2018 → 2025
Working capital
€-41k▲ 7.4%
2024 · €-44k
2018: €55k
2019: €1k
2020: €-4k
2021: €-38k
2022: €-17k
2023: €-28k
2024: €-44k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€93k▲ 62.4%€77k▼ 17.9%€55k▼ 28.4%€58k▲ 4.9%
Operating result€12k-€56k▲ 369%€8k▼ 86.3%€2k▼ 69.7%€31k▲ 1,241%
Net result€3k-€36k▲ 1,093%€-17k€-22k▼ 29.9%€3k
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 1,241% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €284k
Fixed assets
€99k▼ 21.2%
Current assets
€186k▲ 22.2%
Equity and liabilities €284k
Equity
€58k▲ 4.9%
Debt
€227k▲ 2.1%
The debt ratio falls from 80.2% to 79.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€70k▲
2024 · €41k
Cash flow
€41k▲
2024 · €17k
Solvency
20.2%▲
2024 · 19.8%
Current ratio
0.82▲
2024 · 0.77
Quick ratio
0.82▲
2024 · 0.77
Debt / equity
3.94▼
2024 · 4.05
ROE
4.6%▲
2024 · -39.6%
ROA
0.9%▲
2024 · -7.8%
Interest coverage
2.46▲
2024 · 1.56
Debt
€227k▲
2024 · €222k
Debt ≤ 1 year
€227k▲
2024 · €196k
Income taxes
€3k▲
2024 · €934
Staff costs
€208k▲
2024 · €186k
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€277k€284k▲
Fixed assets21/28€125k€99k▼
Intangible fixed assets21€47k€32k▼
Tangible fixed assets22/27€57k€45k▼
Land and buildings22€28k€27k▼
Plant, machinery and equipment23€7k€7k▼
Furniture and vehicles24€22k€12k▼
Financial fixed assets28€21k€21k=
Current assets29/58€152k€186k▲
Amounts receivable within one year40/41€132k€139k▲
Trade receivables40€82k€99k▲
Other amounts receivable41€50k€41k▼
Cash at bank and in hand54/58€16k€44k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€277k€284k▲
Equity10/15€55k€58k▲
Contributions10/11€8k€8k=
Profit (loss) carried forward14€47k€50k▲
Amounts payable17/49€222k€227k▲
Amounts payable after more than one year17€26k-
Financial debts170/4€26k-
Amounts payable within one year42/48€196k€227k▲
Current portion of amounts payable after more than one year42€29k€26k▼
Trade debts44€143k€144k▲
Suppliers440/4€143k€144k▲
Advances received on contracts in progress46€3k€9k▲
Taxes, remuneration and social security45€20k€47k▲
Taxes450/3€2k€20k▲
Remuneration and social security454/9€19k€27k▲
Other amounts payable47/48€1k€1k▲
Income statement
Code20242025
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€186k€208k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€39k▲
Other operating charges640/8€14k€25k▲
Non-recurring operating charges66A€20k-
Gross operating margin9900€260k€303k▲
Operating profit (loss)9901€2k€31k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€26k€28k▲
Recurring financial charges65€26k€28k▲
Profit (loss) for the period before taxes9903€-21k€5k▲
Income taxes67/77€934€3k▲
Profit (loss) for the period9904€-22k€3k▲
Profit (loss) for the period to be appropriated9905€-22k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€50k▲
Profit (loss) brought forward from the previous period14P€69k€47k▼
The notes to these accounts (9 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
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 45 days late
2025
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Highest result since 2018net €36k ▲1093%
Operating result €56k, net result €36k, both a record.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Weakest financial yearnet €-31k ▼877%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 116 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 185 days late
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 137 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Ecaussinnes · 3 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.
Rue Léon Baguet 47190 EcaussinnesGround area
7,400 m²
Building footprint
4,941 m²
Volume, LiDAR
111,615 m³
3 parcels, Brussels, Wallonia · tallest building 34.0 m, ±10 floors. Linked by address, not a title deed.
3 establishment units
ANIMOO
since 20162.255.315.227
Art & Bagel
since 20202.296.824.990
ARTS & BAGELS TREVES
since 20212.314.912.324
3 parcels
Wallonia
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0213/00M003 | Brussels | 4,558 m² | 1 · 3,075 m² | 33.6 m · 10 fl. |
| 21806F0369/00H002 | Brussels | 1,740 m² | 1 · 1,742 m² | 34.0 m · 9 fl. |
| 55008B0821/00D000 | Wallonia | 1,102 m² | 1 · 124 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBruxelles2.314.912.324
Etterbeek2.296.824.990
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,331 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-01-2003
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:artnbagels.com
E-mail:treves@artsnbagels.com