RM Cover
ActiveThe computed 12-month bankruptcy probability of RM Cover is 2.5% (moderate). The 2025 annual accounts show equity of €79k and a net result of €19k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 40% of 27619 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+7
Solvency63▲+16
Growth52=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.17 in 2024; short-term debt: 32.3% and cash: 7.4% of total assets), but 61.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
38.3%
Return on assets
9.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
31 d early
2024
6 d early
2023
6 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€79k▲ 32.2%
2024 · €60k
2023: €51k
2024: €60k
2023 → 2025
Total assets
€206k▼ 24.8%
2024 · €274k
2023: €205k
2024: €274k
2023 → 2025
Net result
€19k▲ 127%
2024 · €8k
2023: €41k
2024: €8k
2023 → 2025
Working capital
€39k▲ 73.3%
2024 · €23k
2023: €-62k
2024: €23k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€51k-€60k▲ 16.6%€79k▲ 32.2%
Operating result€53k-€16k▼ 70.4%€30k▲ 90.8%
Net result€41k-€8k▼ 79.4%€19k▲ 127%
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 91% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €206k
Fixed assets
€100k▼ 16.5%
Current assets
€106k▼ 31.2%
Equity and liabilities €206k
Equity
€79k▲ 32.2%
Debt
€127k▼ 40.6%
The debt ratio falls from 78.2% to 61.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52k▲
2024 · €38k
Cash flow
€42k▲
2024 · €31k
Solvency
38.3%▲
2024 · 21.8%
Current ratio
1.59▲
2024 · 1.17
Quick ratio
1.48▲
2024 · 1.12
Debt / equity
1.61▼
2024 · 3.59
ROE
24.4%▲
2024 · 14.2%
ROA
9.3%▲
2024 · 3.1%
Interest coverage
9.48▲
2024 · 9.14
Debt
€127k▼
2024 · €214k
Debt ≤ 1 year
€66k▼
2024 · €131k
Debt > 1 year
€61k▼
2024 · €83k
Income taxes
€6k▲
2024 · €3k
Staff costs
€19k▲
2024 · €5k
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€274k€206k▼
Fixed assets21/28€120k€100k▼
Intangible fixed assets21€81k€72k▼
Tangible fixed assets22/27€39k€28k▼
Plant, machinery and equipment23€13k€11k▼
Furniture and vehicles24€7k€4k▼
Leasing and similar rights25€19k€12k▼
Financial fixed assets28€705€705=
Current assets29/58€154k€106k▼
Stocks and contracts in progress3€7k€7k▲
Stocks30/36€7k€7k▲
Amounts receivable within one year40/41€109k€82k▼
Trade receivables40€106k€56k▼
Other amounts receivable41€3k€26k▲
Cash at bank and in hand54/58€35k€15k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€274k€206k▼
Equity10/15€60k€79k▲
Contributions10/11€10k€10k=
Reserves13€45k€45k=
Distributable reserves133€45k€45k=
Profit (loss) carried forward14€5k€24k▲
Amounts payable17/49€214k€127k▼
Amounts payable after more than one year17€83k€61k▼
Financial debts170/4€83k€61k▼
Amounts payable within one year42/48€131k€66k▼
Current portion of amounts payable after more than one year42€27k€27k▲
Financial debts43€4k€3k▼
Credit institutions430/8€4k€3k▼
Trade debts44€73k€32k▼
Suppliers440/4€73k€28k▼
Bills of exchange payable441€388€4k▲
Taxes, remuneration and social security45€13k€4k▼
Taxes450/3€11k€650▼
Remuneration and social security454/9€1k€4k▲
Other amounts payable47/48€14k-
Accrued charges and deferred income492/3€653-
Income statement
Code20242025
Non-recurring operating income76A-€574
Remuneration, social security and pensions62€5k€19k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k▲
Other operating charges640/8€988€1k▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€44k€74k▲
Operating profit (loss)9901€16k€30k▲
Financial income75/76B€4€406▲
Recurring financial income75€4€406▲
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€12k€25k▲
Income taxes67/77€3k€6k▲
Profit (loss) for the period9904€8k€19k▲
Profit (loss) for the period to be appropriated9905€8k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€24k▲
Profit (loss) brought forward from the previous period14P€6k€5k▼
Transfer to equity691/2€10k-
To other reserves6921€10k-
The notes to these accounts (11 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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €8k ▼79.4%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 1.17
Current ratio from 0.52 to 1.17.
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Fernelmont · 1 establishment unit since 2022
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 des Cortys, Hempt. 465380 FernelmontGround area
4,915 m²
Building footprint
292 m²
Parcel 92063B0066/00N000, Wallonia. Linked by address, not a title deed.
1 establishment unit
RM Cover
since 20222.338.210.338
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92063B0066/00N000 | Wallonia | 4,915 m² | 1 · 292 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
F.M. KASSEILEGGER
BE 0784.603.801
Schoten · Eq €79k
BATIDUO CONSTRUCTION
BE 0891.025.172
Anderlecht · Eq €79k
BATMEN
BE 0865.567.721
Schaarbeek · Eq €79k
de Béthune
BE 0793.432.581
Roosdaal · Eq €79k
BOM-BE
BE 0822.791.810
Herent · Eq €79k
Of 15,536 companies in sector 43990 we hold annual accounts for 7,421. 6,240 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-11-2022
Fiscal year end30-09
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
25401Forging of metal
43320Joinery installation
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.