Equity
Equity fell in 2024 from -€253,761 to -€395,123.
Trustee: Delphine Duquesnoy. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Equity fell in 2024 from -€253,761 to -€395,123.
Of this, €838,841 falls due within a year.
The 2024 accounts came latest: 89 days after the end of the period.
Equity fell from €45,711 in 2015 to -€395,123 in 2024, while debts rose from €77,813 to €869,780.
On 6 November 2025 the court declared RM ENGINEERING bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €210,000. Estimated: probably between €130,000 and €400,000.
Lower than 95% of 317 companies in 2024.
Higher than 5% of 317 companies in 2024.
Lower than 95% of 318 companies in 2024.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
474,656 | 170,710 | 219,003 | 288,728 | 199,854 | 206,340 | 263,909 | 144,010 | 134,624 | 123,524 | |
20 |
- | - | 0 | 0 | - | - | - | - | - | 328 | |
21/28 |
61,934 | 78,189 | 44,756 | 60,535 | 16,923 | 32,557 | 49,992 | 25,826 | 38,492 | 39,887 | |
22/27 |
61,434 | 77,689 | 44,256 | 60,535 | 16,923 | 32,557 | 49,992 | 25,826 | 38,492 | 39,560 | |
23 |
456 | 2,128 | 3,799 | 3,024 | 4,077 | 7,187 | 12,291 | 18,512 | 25,291 | 21,009 | |
24 |
10,429 | 8,041 | 20,956 | 28,326 | 620 | 21,644 | 21,951 | 7,314 | 13,200 | 18,551 | |
25 |
38,922 | 49,453 | 0 | 4,105 | - | - | - | - | - | - | |
26 |
11,626 | 18,067 | 19,501 | 25,080 | - | - | - | - | - | - | |
28 |
500 | 500 | 500 | - | - | - | - | - | - | - | |
29/58 |
412,722 | 92,521 | 174,247 | 228,194 | 182,931 | 173,782 | 213,917 | 118,185 | 96,132 | 83,637 | |
3 |
12,557 | 12,557 | 12,557 | 27,485 | 12,803 | 13,119 | 12,911 | 16,811 | 12,678 | 11,449 | |
30/36 |
12,557 | 12,557 | 12,557 | 27,485 | 12,803 | 13,119 | 12,911 | 16,811 | 12,678 | 11,449 | |
40/41 |
391,166 | 60,188 | 88,148 | 108,279 | 126,726 | 152,873 | 180,708 | 100,013 | 70,496 | 70,974 | |
40 |
386,062 | 42,934 | 59,826 | 98,755 | 113,031 | 114,992 | 151,455 | 65,671 | 53,616 | 67,441 | |
41 |
5,104 | 17,254 | 28,322 | 9,524 | 13,695 | 37,880 | 29,253 | 34,342 | 16,880 | 3,532 | |
54/58 |
5,227 | 11,201 | 58,558 | 59,201 | 36,445 | 2,932 | 20,203 | 884 | 12,958 | 1,214 | |
490/1 |
3,772 | 8,575 | 14,984 | 33,229 | 6,958 | 4,859 | 96 | 476 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
474,656 | 170,710 | 219,003 | 288,728 | 199,854 | 206,340 | 263,909 | 144,010 | 134,624 | 123,524 | |
10/15 |
-395,123 | -253,761 | 30,903 | 27,811 | -2,173 | -37,038 | 22,900 | 19,478 | 17,662 | 45,711 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 15,000 | 15,000 | 15,000 | 15,000 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 3,600 | 3,600 | 3,600 | 3,600 | |
13 |
1,536 | 1,536 | 1,536 | 1,536 | 1,536 | 1,536 | 1,536 | 1,536 | 1,536 | 1,536 | |
130/1 |
1,536 | 1,536 | 1,536 | 1,536 | 1,536 | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,536 | 1,536 | 1,536 | 1,536 | 1,536 | |
1311 |
1,536 | 1,536 | 1,536 | 1,536 | 1,536 | - | - | - | - | - | |
14 |
-415,259 | -273,896 | 10,768 | 7,676 | -22,308 | -57,174 | 6,365 | 2,942 | 1,126 | 29,175 | |
17/49 |
869,780 | 424,471 | 188,100 | 260,917 | 202,027 | 243,378 | 241,009 | 124,533 | 116,962 | 77,813 | |
17 |
30,714 | 40,448 | 10,070 | 23,722 | 16,203 | 27,116 | 58,269 | 26,066 | 50,425 | 42,804 | |
170/4 |
30,714 | 40,448 | 10,070 | 23,722 | 16,203 | 27,116 | 58,269 | 26,066 | 50,425 | 42,804 | |
42/48 |
838,841 | 384,022 | 178,030 | 232,909 | 185,543 | 215,398 | 182,740 | 98,466 | 66,537 | 35,009 | |
42 |
9,734 | 18,554 | 13,652 | 21,482 | 25,365 | 30,685 | 35,756 | 14,597 | 4,185 | - | |
43 |
90,000 | 90,000 | 60,145 | 60,000 | 50,540 | 37,545 | 1,866 | 15,079 | - | 14,450 | |
430/8 |
90,000 | 90,000 | 60,145 | 60,000 | 50,540 | 37,545 | 1,866 | 15,079 | - | 14,450 | |
44 |
373,810 | 112,244 | 72,093 | 47,463 | 93,474 | 120,627 | 128,705 | 60,915 | 35,202 | 7,134 | |
440/4 |
373,810 | 112,244 | 69,896 | 45,380 | 93,474 | 120,627 | 127,205 | 60,915 | 35,202 | 7,134 | |
441 |
- | 0 | 2,197 | 2,084 | - | - | 1,500 | - | - | - | |
46 |
- | - | 0 | 85,830 | 5,830 | 6,514 | - | - | - | - | |
45 |
60,616 | 27,116 | 32,141 | 18,134 | 10,334 | 18,159 | 16,413 | 7,876 | 27,149 | 13,091 | |
450/3 |
58,561 | 8,130 | 13,597 | 4,577 | 239 | 5,399 | 10,849 | 5,199 | 20,773 | 12,843 | |
454/9 |
2,055 | 18,986 | 18,544 | 13,557 | 10,095 | 12,760 | 5,564 | 2,676 | 6,377 | 248 | |
47/48 |
304,680 | 136,108 | - | - | - | 1,867 | - | - | - | 333 | |
492/3 |
225 | - | 0 | 4,287 | 281 | 864 | - | - | - | - | |
| Income statement | |||||||||||
9900 |
75,296 | -54,332 | 156,616 | 154,305 | 149,009 | 81,686 | 138,806 | 84,346 | 35,377 | 86,305 | |
62 |
170,266 | 184,654 | 116,888 | 91,955 | 89,297 | 109,520 | 92,523 | 47,450 | 43,085 | 31,667 | |
630 |
21,073 | 11,492 | 21,522 | 13,520 | 15,634 | 20,602 | 20,118 | 13,245 | 12,921 | 8,706 | |
631/4 |
- | - | - | - | - | 365 | - | - | - | - | |
640/8 |
5,256 | 20,137 | 4,410 | 8,056 | 2,713 | 4,159 | 1,172 | 736 | 502 | 981 | |
66A |
4,853 | - | - | - | - | - | - | - | - | - | |
9901 |
-126,153 | -270,615 | 13,797 | 40,773 | 41,365 | -52,961 | 24,993 | 22,915 | -21,131 | 44,951 | |
75/76B |
625 | 0 | 1,607 | 260 | 2,609 | 376 | 180 | 0 | 126 | 72 | |
75 |
25 | 0 | 326 | 260 | 109 | 376 | 180 | 0 | 126 | 72 | |
76B |
601 | - | 1,281 | - | 2,500 | - | - | - | - | - | |
65/66B |
15,835 | 13,373 | 5,923 | 6,935 | 9,108 | 10,954 | 7,843 | 6,099 | 7,044 | 2,365 | |
65 |
15,835 | 13,373 | 5,923 | 6,935 | 9,108 | 10,954 | 7,843 | 6,099 | 7,044 | 2,365 | |
9903 |
-141,362 | -283,988 | 9,481 | 34,098 | 34,866 | -63,539 | 17,330 | 16,816 | -28,049 | 42,658 | |
67/77 |
- | 677 | 6,389 | 4,114 | - | - | 3,907 | - | - | 11,947 | |
9904 |
-141,362 | -284,664 | 3,092 | 29,984 | 34,866 | -63,539 | 13,422 | 16,816 | -28,049 | 30,711 | |
9905 |
-141,362 | -284,664 | 3,092 | 29,984 | 34,866 | -63,539 | 13,422 | 16,816 | -28,049 | 30,711 | |
| Appropriation of the result | |||||||||||
9906 |
-415,259 | -273,896 | 10,768 | 7,676 | -22,308 | -57,174 | 16,365 | 17,942 | 1,126 | 30,711 | |
14P |
-273,896 | 10,768 | 7,676 | -22,308 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 1,536 | |
691 |
- | - | - | - | - | - | - | - | - | 1,536 | |
694/7 |
- | - | - | - | - | - | 10,000 | 15,000 | - | - | |
694 |
- | - | - | - | - | - | 10,000 | 15,000 | - | - | |
| Social balance sheet | |||||||||||
9087 |
2.6 | 3.1 | 2.2 | 1.8 | 1.8 | 2 | 1.9 | 1 | 1 | 0.9 | |
Hours worked1013 |
5,394 | 5,556 | 3,895 | 2,812 | 2,282 | 3,230 | 3,280 | 1,682 | 1,628 | 1,377 | |
| Document | |||||||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 28-10-2025.
2024 annual accounts filed 89 days after the deadline. Filed on 28 October 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00551165.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 28-10-2025 | 2025-00551165 | |
| 31-12-2023 | full format | 30-09-2024 | 2024-00480965 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00392194 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20332312 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-27200115 | |
| 31-12-2019 | micro format | 06-10-2020 | 2020-59200364 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57800549 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-43000157 | |
| 31-12-2016 | micro format | 20-09-2017 | 2017-61600275 | |
| 31-12-2015 | full format | 11-08-2016 | 2016-42800243 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -105,080 | -259,123 | 35,319 | 54,294 | 56,999 | -32,358 | 45,111 | 36,160 | -8,209 | 53,657 | ||
| -120,289 | -273,172 | 24,614 | 43,504 | 50,500 | -42,936 | 33,540 | 30,061 | -15,128 | 39,417 | ||
| 4,818 | 83,989 | 5,743 | 110,137 | 0 | 34,436 | 44,284 | 579 | 11,526 | 47,283 | ||
| -5,974 | -47,357 | -643 | 22,756 | 33,513 | -17,270 | 19,318 | -12,074 | 11,744 | - | ||
| -426,118 | -291,501 | -3,783 | -4,715 | -2,612 | -41,616 | 31,178 | 19,719 | 29,595 | 48,628 | ||
| -83.2% | -148.7% | 14.1% | 9.6% | -1.1% | -18.0% | 8.7% | 13.5% | 13.1% | 37.0% | ||
| 0.49 | 0.24 | 0.98 | 0.98 | 0.99 | 0.81 | 1.17 | 1.20 | 1.44 | 2.39 | ||
| 0.48 | 0.21 | 0.91 | 0.86 | 0.92 | 0.75 | 1.10 | 1.03 | 1.25 | 2.06 | ||
| - | - | 6.09 | 9.38 | - | - | 10.52 | 6.39 | 6.62 | 1.70 | ||
| - | - | 10.0% | 107.8% | - | - | 58.6% | 86.3% | -158.8% | 67.2% | ||
| -29.8% | -166.8% | 1.4% | 10.4% | 17.4% | -30.8% | 5.1% | 11.7% | -20.8% | 24.9% | ||
| -6.64 | -19.38 | 5.96 | 7.83 | - | - | - | - | - | - |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 4 | 2 |
| full-time | 3 | 2 | 4 | 2 |
| in full-time equivalents | 3 | 2 | 4 | 2 |
| 2.6 | 3.1 | 2.2 | 1.8 | |
| On a permanent contract | 3 | 2 | 4 | 2 |
| Joined | - | 3 | 5 | 3 |
| Left | - | 5 | 3 | 3 |
Source: social balance sheet in the 2021 to 2024 annual accounts
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €4,818 | €83,989 | €5,243 | €110,137 |
| Financial fixed assets | - | €0 | €500 | - |
| €21,073 | €11,492 | €21,522 | €13,520 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is a loss of €126,153, smaller than the loss of €270,615 in 2023.
Equity is negative. Debt (€869,780) exceeds the balance-sheet total (€474,656).
Source: shareholder structure in its own accounts
RM ENGINEERING has no parent and no holdings in its annual accounts. Nialco is the only director.
| NIALCO
registered office since 12-09-1989 · founded in 1989 |
1 FTE (2025) 0438.388.431 |
| AML Groupe
registered office since 28-03-1991 · founded in 1952 |
6.2 FTE (2025) 0403.131.901 |
The network starts from the directors of RM ENGINEERING. Every other company they run is a node.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 5 March 2015, RM ENGINEERING was incorporated.1 Since 2020 the registered office has moved 4 times, most recently to Wavre in 2024.23 Nialco has served as director since 2023.4 Total assets went from €263,909 in 2018 to €474,656 in 2024 and headcount from 1.9 to 2.6 full-time equivalents.5 The company was declared bankrupt on 6 November 2025.6
| Establishment | Since | Unit number |
|---|---|---|
| Avenue Nobel 6 registered office 1300 Wavre | ||
| Rue des Gaillettes 32 4651 Herve 46644 Wholesale trade | 05-03-2015 | 2.240.215.988 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 63006D0285/00E000 | 3,399 m² | 1 · 794 m² | 6.3 m · 2 |
| 25112B0051/00S002 | 3,041 m² | 1 · 1,003 m² | 6.4 m · 2 |
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