RM EXPRESS
ActiveSummary
The computed 12-month bankruptcy probability of RM EXPRESS is 1.9% (moderate). The 2025 annual accounts show equity of €7,187 and a net result of €2,187. Its solvency ranks better than 45% of 12,713 sector peers (NACE 47, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Non-specialised retail sale with food, beverages or tobacco predominating
NACE 47110
1 site
Size
≈ €370,000turnover 2025, estimated
- Staff
- ≈ 0.9 FTE, estimated
- Equity
- €7,187
- Profit
- €2,187
Turnover estimated from the gross margin
Why 54raises riskFounded in 2025Size: total assets €22,160Sector: Retail trade (NACE 47)lowers riskFigures for financial year 2025 (filed 14-07-2026)Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 38% of its sector peers (NACE 47, micro)
Financial strength
Average
Solvency
57
equity 32.4% of total assets
Liquidity
26
short-term debt 67.6% · cash 9.2%
Profitability
62
return on assets 9.9%
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2026: 1.8%
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 1.9%▲ +0.1 percentage points vs 03-2026
05-2026: 2.2%▲ +0.3 percentage points vs 04-2026
06-2026: 2.3%▲ +0.1 percentage points vs 05-2026
07-2026: 2.6%▲ +0.3 percentage points vs 06-2026highest value
08-2026: 1.7%▼ -0.9 percentage points vs 07-2026lowest value
09-2026: 1.9%▲ +0.2 percentage points vs 08-2026
10-2026: 1.9%● unchanged vs 09-2026
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 48% on solvency, 23% on liquidity and 44% on profitability.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 14-07-2026, 17 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
17 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- IncorporationAppointment: MUNEER Rizwan (director) ·…
Financials · financial year 2025, abbreviated format
Turnover
≈ €370,000
Estimated: probably between €250,000 and €550,000
Total assets
€22,160
Net result
€2,187
Working capital
€7,187
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Equity and liabilities €22,160
Equity
€7,187
Debt
€14,972
Debt finances 67.6% of the balance-sheet total.
Key figures and ratios
Current ratio
1.48
Quick ratio
1.11
Debt to equity
2.08
ROE
30.4%
ROA
9.9%
Debt ≤ 1 year
€14,972
Income taxes
€1,223
Staff costs
€27,980
Peer companies
Historical observationOf the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.
- Micro
- under 2 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
2.6%
stopped otherwise
96.6%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.9% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 11,279 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 | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €27,980 |
| Other operating charges640/8 | €1,024 |
| Gross operating margin9900 | €32,154 |
| Operating profit (loss)9901 | €3,150 |
| Financial income75/76B | €260 |
| Recurring financial income75 | €260 |
| Profit (loss) for the period before taxes9903 | €3,411 |
| Income taxes67/77 | €1,223 |
| Profit (loss) for the period9904 | €2,187 |
| Profit (loss) for the period to be appropriated9905 | €2,187 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €22,160 | |
| Current assets29/58 | €22,160 | |
| Stocks and contracts in progress3 | €5,500 | |
| Stocks30/36 | €5,500 | |
| Amounts receivable within one year40/41 | €14,613 | |
| Other amounts receivable41 | €14,613 | |
| Cash at bank and in hand54/58 | €2,047 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €22,160 | |
| Equity10/15 | €7,187 | |
| Contributions10/11 | €5,000 | |
| Capital10 | €5,000 | |
| Issued capital100 | €5,000 | |
| Profit (loss) carried forward14 | €2,187 | |
| Amounts payable17/49 | €14,972 | |
| Amounts payable within one year42/48 | €14,972 | |
| Trade debts44 | €3,166 | |
| Suppliers440/4 | €3,166 | |
| Taxes, remuneration and social security45 | €11,806 | |
| Taxes450/3 | €2,417 | |
| Remuneration and social security454/9 | €9,388 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €2,187 |
| Operating cash flow (approximation) | €2,187 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-07-2026 | 2026-00296038 |
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Of the 10,338 active companies whose main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110), figures are known for 5,990. 3,178 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, no change since 2025
MUNEER Rizwan
CurrentDirector (not named in the articles) · since 22-01-2025
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
1 person since 2025, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| MUNEER Rizwan |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
At incorporation
act of 22-01-2025 ↗
- MUNEER Rizwan 100 shares (100%) · in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 22-01-2025 Incorporation · €5,000 · 100 shares
- 22-01-2025 Incorporation · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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History
Acts, filings and financial milestones
2026
14-07
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
2025
22-01
Gazette deed
IncorporationAppointment: MUNEER Rizwan (director) · Founder · Founding capital7 facts ▸
Gazette deed
Incorporation
Appointment: MUNEER Rizwan (director) · Founder · Founding capital7 facts ▸
- Incorporation, 16-01-2025
- Founder, MUNEER Rizwan
- Founding capital, €5,000
- Founding capital
- Registered office clause, “6530 Thuin,Grand'Rue,10/2” (deed in French)
- Director appointment, MUNEER Rizwan (director (not named in the articles))
- Pre-incorporation commitments, “takeover, tous engagements et obligations qui en résultent,et toutes activités entreprises au nom et pour compte société en formation” (deed in French)
Gazette deedNBB filing
1 of 1 deed read
Register details
Identification
Legal formPrivate limited company
Founded20-01-2025
Financial year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47242Retail sale of chocolate and confectionery
47260Retail trade
47621Retail sale of newspapers and periodicals
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
92000Gambling and betting activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:1018949861
Also
9925:BE1018949861
Registered
27-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteThuinunit no. 2.369.921.420
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Thuin · 1 establishment unit since 2025
Ground area
795 m²
Building footprint
370 m²
Building volume
1,507 m³
2 parcels, Wallonia · tallest building 15.4 m. Linked by address, not a title deed.
1 establishment unit
RM EXPRESS
since 2025unit no. 2.369.921.420
2 parcels
Wallonia
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 56078E0389/00S000 | Wallonia | 645 m² | 1 · 251 m² | - |
| 56078E0349/00H000 | Wallonia | 150 m² | 1 · 119 m² | 15.4 m · 4 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’exploitation,soussapropreenseigneouparvoiedefranchiseoulicence,detoutmagasind’alimentationgénérale…” (deed in French)
25 activities (deed in French)
- L’exploitation,soussapropreenseigneouparvoiedefranchiseoulicence,detoutmagasind’alimentationgénérale
- L’achat,lavente,tantengrosqu’audétail,l’importation,l’exportation,lareprésentation,ladistribution,lalocation,lafabrication,laconfectionartisanale,semi-artisanaleouindustrielle,leconditionnementetlacommercialisationdetousproduitsoudenréesalimentairesainsiquedetousproduitsliésàl’alimentationengénéraletàl’industriealimentaire(frais,enconserve,secsousurgelésetnotammentdefruitsetlégumes),deboulangerie,depâtisserie,dechocolaterie,d’épicerie,d’épiceriefine,deproduitslaitiers,defromagerie,decharcuterie,deproduitsdelamer,detraiteur(platspréparés,…),deconfiserie,debiscuiterie,deboissons,devinsetdespiritueux,detabacs,decigarettesetaccessoires,demêmequedetousarticlesliésàl’artdelatableetdedécorationdivers
- Letransport,lalivraisonàdomicile,lestockageetl’entreposage,l’emballagedetousproduitsoudenréesalimentairesainsiquedetousproduitsliésàl’alimentationengénéraletàl’industriealimentaire
- ToutesactivitésenrapportdirectouindirectaveclarestaurationengénéraletlesecteurHoreca,l’organisationdebanquetsetréceptions,leservicetraiteur,ycomprisl’organisation,lagestionetl’exploitationderestaurants,débitsdeboissons,tavernes,snack-bars,cafétérias,barsdenuitainsiquetoutesopérationsdetourisme,d’hôtellerie,dedivertissementetdeloisirs
- L’exploitation,soussapropreenseigneouparvoiedefranchiseoulicencdetoutlunch-bar,bardenuit,snack-bar,cafétéria,sandwicherie,servicedecuisinerapideoudepetiterestauration,detoutservicetraiteuret/oud’unouplusieursrestaurants
- Toutesactivitésdetransportterrestredepersonnesetdechoses,demarchandises,toutesactivitésrelativesàl’organisationetàl’acheminementdetransportmaritimeetaérienainsiqu’àl’acheminementdemarchandisesimportées
- Toutesactivitésdeservicesdemessagerieetdecourrierexpress,ainsiquelagérancedanscesdomaines
- L’exploitationdesociétésdetaxis(letransportdepersonnespartaxis),d'autobusscolaires,denavettesversl'aéroportetlesgares,letransportdepersonnelparrouteoccasionnelourégulier,etcetera,lalocationd’emplacementspourvéhiculesautomoteurs(parking)
- L’exploitationd’unservicedelocationdelimousines,devoituresavecchauffeur etdesociétésdetaxiainsiquelalocationdetoustypesdevéhicules
- Touteactivitédetransportrémunérédepersonnesoudelocationdevéhiculesavecchauffeur
- Touteassistanceconcernantdesservicesdetransporton-demandviadesappareilsmobilesetapplicationssurlewebetservicesyliés
- Lestockage,l’emballage,leconditionnementetl’entreposagedemeublesetdemarchandises
- Lesactivitésdedéménagement,lalocationdematérieldelevage,devéhiculesutilitairesouprivésetdemaind’œuvre
- Autresservicesauxiliairesdestransports
- Lecommerceengénéraltantengrosqu’audétail,encomprisantnotammentl’achat,lavente,l’importationetl’exportation,letransport,l’entretien,laréparation,lalocation,leasing,lareprésentationdetousvéhiculesautomobilesneufsoud’occasionencomprisantnotammentdetoutespiècesderechange,accessoiresetproduitsrelatifsausecteurautomobile
- L’exploitation,soussapropreenseigneouparvoiedefranchiseoulicenced’unestation-serviceetshopyrelatif,d’ateliersdecarrosserieetdemécanique,laréparationetl’entretiendetoutesortesdevéhiculesàmoteuretmécanisés.Lecommercedegrosetdedétaildetousobjetsarticlesrelatifsauxvéhicules,pneus,pneumatiquesetjantespourvéhiculesetcycles,lemontage,ledémontage,laréparationetleremplacementdepneus,jantesetpneumatiques,l’équilibrageetlagéométriedeceux-ci
- ToutesactivitésdeserviceCar-Washàlamainouautomatique,toutesactivitésditesde«garages»tellesquel’entretien,laréparationetl’entretiendetoutesortesdevéhiculesàmoteuretmécanisés,lemontage,ledémontage,laréparationetleremplacementdepneus,jantesetpneumatiques(l’équilibrageetlagéométriedeceux-ci),d’échappements,defreins,d’électromécanique,toutesactivitésdecarrosserieausenslarge
- Toutesprestationsenvuedel'agréationd'uneautomobilepartoutorganismechargéducontrôletechniqueetnotammentlaprésentationdecevéhiculedanslescentresdecontrôleainsiquetoutesprestationsrequisesparletransitdesvéhicules
- Leremplacementdetoustypesdepare-briseetl’appositiondetoustypesdefilmssurdesvitrages
- Achatetvente,commerce,location,transportetleasingdetousvéhicules,bateauxetaéronefs,commercedepiècesdétachées,réparationetentretien detousvéhicules,bateauxetaéronefs,lavage,polissage,cirageetlustragedetousvéhicules,bateauxetaéronefs,ainsiquel'applicationdetoustypesderevêtementssurcesvéhicules,bateauxetaéronefs,emballageetapplicationdefilmsanti-gravillonssurlesvéhiculesetlesbateaux,ausiègedel'entrepriseoudansleslocauxduclient
- Laventedeproduitsd'entretien,laréparationdejantesetdesservicesderéparationponctuelle
- L'achat,laventeetlapersonnalisationdevoituresetdemotos
- L’exploitation,soussapropreenseigneouparvoiedefranchiseoulicencedetouteagencedejeuxetparis
- L’achat,lavente,leleasing,lalocation,detousappareilsdejeuxsoustoutessesformes,l’organisationdejeuxdeBingo,d’amusementetdehasard,l’organisationdepronosticssurlesrésultatsd’épreuvessportive,l’exploitationdejeux,automatiquesounon,avecousansgaind’argentetéventuellementviaInternetetletransfertfinancierdesparis
- L’achat,lavente,tantengrosqu’audétail,l’importation,l’exportation,lecommercedetousarticlesdepapeterie,delibrairie,delivres,derevues,dejournauxquotidiens,hebdomadairesetautres,decartespostales,deparutionsmusicales,d’articleslittérairesetculturels,defournituresdebureaux,defournituresetmatérielsinformatiques,dematérielsscolaires,demeubles,d’objetsdedécoration,destylos,porte-plumes,crayonsetautres,delunettesdevue,d’articlescadeauxetdefantaisie,dejouetsetjeuxdivers,électroniquesounon,d’articlesphotographiques,d’articlesaudio-visuels(disques,cassettes,CD,DVD,…)
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- RM EXPRESS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)1 more provision on this in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Thursday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale délibérant formes prévues modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Quelque cause que ce soit, quelque moment que ce soit” (deed in French)