RM Management
ActiveSummary
RM Management has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€22,722) and a net result of -€469,992. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 9% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-55
Solvency22▼-40
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.03 against 3.63 in 2024; short-term debt: 40.7% and cash: 0.2% of total assets), and equity is negative.
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Signals
Seven 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-2.7%
Return on assets
-56.3%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2022232425
2020 to 2025 · latest year -€22,722
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-07-2026, 69 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 · 5 filingsDeviation from the deadline
2025
69 d late
2024
on the day
2023
14 d late
2022
27 d early
2020
23 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 16 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€22,722
2024 · €447,270
Total assets
€834,906▼ 31.3%
2024 · €1.2m
Net result
-€469,992
2024 · €60,727
Working capital
€9,988▼ 98.4%
2024 · €614,731
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202022202320242025
Operating result€3,455-€189,621--€10,314€122,132-€392,126
Net result-€5,157-€119,123--€26,691€60,727-€469,992
Equity€294,843-€413,234-€386,543▼ 6.5%€447,270▲ 15.7%-€22,722
Total assets€1.4m-€1.5m-€958,801▼ 38.0%€1.2m▲ 26.7%€834,906▼ 31.3%
Debt€1.1m-€1.1m-€572,258▼ 49.5%€767,876▲ 34.2%€857,628▲ 11.7%
Working capital-€22,661-€24,046-€738,785▲ 2,972%€614,731▼ 16.8%€9,988▼ 98.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €392,126 after €122,132 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €834,906
Fixed assets
€485,432 ▲ 32.4%
Current assets
€349,474 ▼ 58.8%
Key figures and ratios
EBITDA
-€343,261▼
2024 · €169,600
Cash flow
-€421,126▼
2024 · €108,195
Solvency
-2.7%▼
2024 · 36.8%
Current ratio
1.03▼
2024 · 3.63
Debt to equity
-37.74▼
2024 · 1.72
ROA
-56.3%▼
2024 · 5.0%
Interest coverage
-4.31▼
2024 · 3.63
Debt ≤ 1 year
€339,486▲
2024 · €233,684
Debt > 1 year
€510,447▼
2024 · €527,192
Income taxes
€344▼
2024 · €16,855
Staff costs
€36,831▲
2024 · €29,763
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 561 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 86% are still going.
- Small
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
6.1%
went bankrupt
4.6%
stopped otherwise
86%
still going
A further 2.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 561 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 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1.7m | - | - | - | - |
| Remuneration, social security and pensions62 | - | €39,674 | €10,296 | €29,763 | €36,831 | ▲ 23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,480 | €61,055 | €1,625 | €47,468 | €48,866 | ▲ 2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €103,871 | -€103,871 | - | - | - |
| Other operating charges640/8 | - | €13,972 | €33,419 | €28,373 | €234,318 | ▲ 726% |
| Non-recurring operating charges66A | - | €1.8m | - | - | - | - |
| Gross operating margin9900 | €46,354 | €2.2m | -€68,845 | €227,736 | -€72,111 | ▼ 132% |
| Operating profit (loss)9901 | €3,455 | €189,621 | -€10,314 | €122,132 | -€392,126 | ▼ 421% |
| Financial income75/76B | - | €1,397 | €8,299 | €2,224 | €2,098 | ▼ 5.7% |
| Recurring financial income75 | €0 | €1,397 | €8,299 | €2,224 | €2,098 | ▼ 5.7% |
| Financial charges65/66B | - | €37,823 | €24,094 | €46,773 | €79,619 | ▲ 70.2% |
| Recurring financial charges65 | €8,104 | €37,823 | €24,094 | €46,773 | €79,619 | ▲ 70.2% |
| Profit (loss) for the period before taxes9903 | -€4,649 | €153,195 | -€26,109 | €77,582 | -€469,648 | ▼ 705% |
| Income taxes67/77 | €508 | €34,072 | €582 | €16,855 | €344 | ▼ 98.0% |
| Profit (loss) for the period9904 | -€5,157 | €119,123 | -€26,691 | €60,727 | -€469,992 | ▼ 874% |
| Profit (loss) for the period to be appropriated9905 | -€5,157 | €119,123 | -€26,691 | €60,727 | -€469,992 | ▼ 874% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.5m | €958,801 | €1.2m | €834,906 | ▼ 31.3% |
| Fixed assets21/28 | €1.4m | €1.4m | €14,318 | €366,731 | €485,432 | ▲ 32.4% |
| Tangible fixed assets22/27 | €1.4m | €1.4m | €14,318 | €366,731 | €485,192 | ▲ 32.3% |
| Land and buildings22 | - | €1.4m | - | €355,591 | €477,231 | ▲ 34.2% |
| Furniture and vehicles24 | - | €551 | €14,318 | €11,140 | €7,961 | ▼ 28.5% |
| Financial fixed assets28 | - | - | - | - | €240 | - |
| Current assets29/58 | €30,052 | €170,525 | €944,483 | €848,415 | €349,474 | ▼ 58.8% |
| Amounts receivable after more than one year29 | - | €81,000 | €81,000 | €81,000 | €81,000 | = |
| Trade receivables290 | - | €81,000 | €81,000 | €81,000 | €81,000 | = |
| Stocks and contracts in progress3 | - | - | €77,320 | €7,521 | €0 | ▼ 100% |
| Stocks30/36 | - | - | €77,320 | €7,521 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €958 | €40,852 | €545,814 | €276,674 | €255,698 | ▼ 7.6% |
| Trade receivables40 | - | €13,725 | €47,431 | €3,500 | - | - |
| Other amounts receivable41 | - | €27,127 | €498,384 | €273,174 | €255,698 | ▼ 6.4% |
| Current investments50/53 | €21,642 | €3,000 | - | - | - | - |
| Cash at bank and in hand54/58 | €5,905 | €38,719 | €235,557 | €476,628 | €1,818 | ▼ 99.6% |
| Deferred charges and accrued income490/1 | - | €6,953 | €4,792 | €6,592 | €10,957 | ▲ 66.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.5m | €958,801 | €1.2m | €834,906 | ▼ 31.3% |
| Equity10/15 | €294,843 | €413,234 | €386,543 | €447,270 | -€22,722 | ▼ 105% |
| Contributions10/11 | - | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Outside capital11 | - | - | - | €300,000 | - | - |
| Other1109/19 | - | - | - | €300,000 | - | - |
| Profit (loss) carried forward14 | -€5,157 | €113,234 | €86,543 | €147,270 | -€322,722 | ▼ 319% |
| Amounts payable17/49 | €1.1m | €1.1m | €572,258 | €767,876 | €857,628 | ▲ 11.7% |
| Amounts payable after more than one year17 | €1.1m | €986,895 | €351,560 | €527,192 | €510,447 | ▼ 3.2% |
| Financial debts170/4 | - | €970,413 | - | €177,192 | €210,447 | ▲ 18.8% |
| Other amounts payable178/9 | - | €16,482 | €351,560 | €350,000 | €300,000 | ▼ 14.3% |
| Amounts payable within one year42/48 | €52,713 | €146,479 | €205,698 | €233,684 | €339,486 | ▲ 45.3% |
| Current portion of amounts payable after more than one year42 | - | €49,348 | - | €16,800 | €9,553 | ▼ 43.1% |
| Financial debts43 | - | - | €147,500 | - | - | - |
| Credit institutions430/8 | - | - | €147,500 | - | - | - |
| Trade debts44 | €1,680 | €57,026 | €39,621 | €49,329 | €10,311 | ▼ 79.1% |
| Suppliers440/4 | - | €57,026 | €39,621 | €49,329 | €10,311 | ▼ 79.1% |
| Taxes, remuneration and social security45 | - | €38,669 | €5,060 | €28,726 | €15,479 | ▼ 46.1% |
| Taxes450/3 | - | €34,176 | €4,078 | €20,758 | €9,179 | ▼ 55.8% |
| Remuneration and social security454/9 | - | €4,494 | €982 | €7,969 | €6,300 | ▼ 20.9% |
| Other amounts payable47/48 | - | €1,435 | €13,517 | €138,829 | €304,143 | ▲ 119% |
| Accrued charges and deferred income492/3 | - | €0 | €15,000 | €7,000 | €7,695 | ▲ 9.9% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,157 | €119,123 | -€26,691 | €60,727 | -€469,992 | ▼ 874% |
| + Depreciation and write-downs630 | €24,480 | €61,055 | €1,625 | €47,468 | €48,866 | ▲ 2.9% |
| Operating cash flow (approximation) | €19,323 | €180,178 | -€25,067 | €108,195 | -€421,126 | ▼ 489% |
| Investment in fixed assets (approximation) | - | - | €1.4m | -€399,881 | -€167,567 | ▲ 58.1% |
| Change in cash | - | - | €196,837 | €241,072 | -€474,810 | ▼ 297% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 69 days late
2025
30-09
Financial
Weakest financial yearnet -€469,992
Net result drops to -€469,992, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €60,727
Net result €60,727 after one loss-making year.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
30-09
Financial
Liquidity quadruplescurrent ratio 4.59
Current ratio from 1.16 to 4.59.
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €119,123
Net result €119,123 after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 1.16
Current ratio from 0.57 to 1.16.
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Elsene · 2 establishment units since 2020
Ground area
2,455 m²
Building footprint
1,434 m²
Volume, LiDAR
35,000 m³
2 parcels, Brussels, Flanders · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
376
companies at this address
See who is registered here
2 establishment units
RM Management
since 20202.300.279.378
RM Management
since 20232.369.508.476
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 fl. |
| 23035A0441/00B000 | Flanders | 830 m² | 1 · 148 m² | 0.7 m |
Linked by address, not proof of ownership
Good to know
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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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 35,519 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-12-2019
Fiscal year end30-09
Activities, NACEBEL 2025
68110Buying and selling of own real estate
70200Business and other management consultancy
82100Office administrative and support services
82300Organisation of conventions and trade shows
82990Other business support services
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0740539867
Also
9925:BE0740539867
Registered
04-05-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.