RM SQUARE
ActiveSummary
RM SQUARE has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,550 and a net result of €1,702. Equity is growing by about 3.4% per year across the filed financial years. Its solvency ranks better than 27% of 39,200 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €5,550
- Profit
- €1,702
- TONDREAU Gwenaël PhilippeDirector
- VROMMAN Aline Marie-Noëlle LudoDirector
Why 90raises riskFounded in 2022lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €22,087Figures for financial year 2025 (filed 04-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro): better than 27% on solvency, 12% on liquidity, 44% on profitability and 11% on growth.
The bankruptcy probability was computed on 29-10-2026 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
This company filed its last 4 accounts on average 34 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet €1,445 ▼59.3%
Financials · financial year 2025, micro format
2022 to 2025, 4 financial years
The operating result has fallen three years in a row; 2025 is 21% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 7,976 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.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4 | €652 | €802 | €1,197 | ▲ 49.2% |
| Other operating charges640/8 | - | - | - | €400 | - |
| Gross operating margin9900 | €7,562 | €6,148 | €4,341 | €4,389 | ▲ 1.1% |
| Operating profit (loss)9901 | €7,558 | €5,496 | €3,539 | €2,792 | ▼ 21.1% |
| Financial income75/76B | - | €0 | - | €1 | - |
| Recurring financial income75 | - | €0 | - | €1 | - |
| Financial charges65/66B | €29 | €121 | €245 | €117 | ▼ 52.2% |
| Recurring financial charges65 | €29 | €121 | €245 | €117 | ▼ 52.2% |
| Profit (loss) for the period before taxes9903 | €7,529 | €5,375 | €3,294 | €2,676 | ▼ 18.8% |
| Income taxes67/77 | €1,611 | €1,825 | €1,848 | €973 | ▼ 47.3% |
| Profit (loss) for the period9904 | €5,917 | €3,550 | €1,445 | €1,702 | ▲ 17.8% |
| Profit (loss) for the period to be appropriated9905 | €5,917 | €3,550 | €1,445 | €1,702 | ▲ 17.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €19,377 | €19,382 | €24,186 | €22,087 | ▼ 8.7% |
| Fixed assets21/28 | €1,657 | €5,804 | €5,002 | €9,990 | ▲ 99.7% |
| Tangible fixed assets22/27 | €1,606 | €5,754 | €4,952 | €9,940 | ▲ 101% |
| Furniture and vehicles24 | €1,606 | €1,284 | €962 | €640 | ▼ 33.5% |
| Other tangible fixed assets26 | - | €4,470 | €3,990 | €9,300 | ▲ 133% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €17,720 | €13,578 | €19,184 | €12,097 | ▼ 36.9% |
| Amounts receivable within one year40/41 | €8,146 | €5,203 | €6,797 | €7,280 | ▲ 7.1% |
| Trade receivables40 | €8,146 | €5,203 | €5,500 | €4,799 | ▼ 12.7% |
| Other amounts receivable41 | - | - | €1,297 | €2,481 | ▲ 91.4% |
| Cash at bank and in hand54/58 | €9,574 | €6,982 | €10,524 | €3,373 | ▼ 68.0% |
| Deferred charges and accrued income490/1 | - | €1,393 | €1,863 | €1,444 | ▼ 22.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €19,377 | €19,382 | €24,186 | €22,087 | ▼ 8.7% |
| Equity10/15 | €7,917 | €11,467 | €12,913 | €5,550 | ▼ 57.0% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | €3,550 | €3,550 | €3,550 | = |
| Distributable reserves133 | - | €3,550 | €3,550 | €3,550 | = |
| Profit (loss) carried forward14 | €5,917 | €5,917 | €7,363 | - | - |
| Amounts payable17/49 | €11,459 | €7,915 | €11,273 | €16,537 | ▲ 46.7% |
| Amounts payable within one year42/48 | €11,459 | €7,915 | €11,273 | €16,537 | ▲ 46.7% |
| Trade debts44 | €5,589 | €2,682 | €3,669 | €3,618 | ▼ 1.4% |
| Suppliers440/4 | €5,589 | €2,682 | €3,669 | €3,618 | ▼ 1.4% |
| Taxes, remuneration and social security45 | €5,830 | €5,196 | €7,365 | €3,839 | ▼ 47.9% |
| Taxes450/3 | €4,470 | €3,708 | €4,642 | €3,839 | ▼ 17.3% |
| Remuneration and social security454/9 | €1,360 | €1,488 | €2,723 | - | - |
| Other amounts payable47/48 | €41 | €37 | €239 | €9,080 | ▲ 38× |
| Accrued charges and deferred income492/3 | - | - | - | €1 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,917 | €3,550 | €1,445 | €1,702 | ▲ 17.8% |
| + Depreciation and write-downs630 | €4 | €652 | €802 | €1,197 | ▲ 49.2% |
| Operating cash flow (approximation) | €5,922 | €4,202 | €2,248 | €2,899 | ▲ 29.0% |
| Investment in fixed assets (approximation) | - | -€4,800 | €0 | -€6,185 | - |
| Change in cash | - | -€2,592 | €3,542 | -€7,152 | - |
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 (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 04-07-2026 | 2026-00275397 |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00237421 |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00232797 |
| 31-12-2022 | micro format | 07-06-2023 | 2023-00128619 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| TONDREAU Gwenaël Philippe |
|
| VROMMAN Aline Marie-Noëlle Ludo |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-06
Gazette deed
Registered officeRegistered-office move1 fact ▸
- Registered-office move, Drève des Hêtres, 6 à 1470 BOUSVAL
09-08
Gazette deed
IncorporationAppointments: VROMMAN Aline Marie-Noëlle Ludo (director) and TONDREAU Gwenaël Philippe (director) · Founder · Founding capital13 facts ▸
- Incorporation, “RM SQUARE” (deed in French)
- Founder, TONDREAU Gwenaël Philippe
- Founder, VROMMAN Aline Marie-Noëlle Ludo
- Founding capital, €2,000
- Other provision, 07-06-2022
- Bank account, “BE60 1030 8075 2770, compte spécial” (deed in French)
- Declaration, “conformité du dépôt”, 2000 (deed in French)
- Capital
- Registered office clause, “5031 Grand-Leez (gembloux),rue de Petit-Leez 149” (deed in French)
- Board rule, 2
- Director appointment, VROMMAN Aline Marie-Noëlle Ludo (director (not named in the articles))
- Director appointment, TONDREAU Gwenaël Philippe (director (not named in the articles))
- +1 further fact in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25013B0133/00N000 | Wallonia | 2,369 m² | 1 · 156 m² | 11.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La recherche de capitaux sous quelque forme que ce soit,en vue d’investissement (tant mobiliers qu’immobiliers) ou de financement de…” (deed in French)
16 activities (deed in French)
- La recherche de capitaux sous quelque forme que ce soit,en vue d’investissement (tant mobiliers qu’immobiliers) ou de financement de sociétés
- Toutes opérations de placement de trésorerie,quel qu’en soit le support (tel,par exemple,le dépôt à – court,moyen ou long – terme,la prise de participation dans un organisme de placement collectif en valeurs mobilières,l’acquisition de tout type d’instruments financiers,… )
- Le financement ou la facilitation du financement à court,moyen et long terme des sociétés qui lui seront directement ou indirectement liées,sous forme de prêts crédits,garanties ou toute autre forme d’assistance financière
- Se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute société ou personne physique
- Exercer toutes activités de prestations de services,directement ou indirectement,sans limitation quant aux services prestés,et toute activité d’étude,d’expertise,de direction ou conseil et plus généralement toute opération quelconque se rapportant directement ou indirectement,en tout ou en partie,à l’une ou l’autre branche de son objet,ou pouvant lui être utile ou le faciliter
- La réalisation,le suivi,la gestion et la négociation de tout contrat commercial tant national qu’international
- La perception de commissions,royalties,redevances,etc… en relation directe ou indirecte à son objet social
- L’achat,l’administration,la vente de toutes valeurs mobilières,de tous droits sociaux et d’une manière générale toutes opérations de gestion de portefeuille ainsi constitué
- Toutes les activités de conseil et consultance en gestion de tout type et notamment gestion d’entreprise,production,distribution,management,gestion de patrimoine,réalisation,conception et gestion de projets,ou autres
- La gestion et le développement stratégique de projets
- Effectuer tant pour elle que pour compte de tiers,tous actes et opérations financières,commerciales,industrielles,mobilières ou immobilières se rattachant directement ou indirectement en tout ou en partie à son objet social ou pouvant en amener le développement ou en faciliter la réalisation,notamment sans que la désignation soit limitative,prêter,emprunter,hypothéquer,acquérir ou céder tous brevets,licences,patentes,marques… etc
- L’achat,l’échange,la promotion,la vente,la prise de location ou sous location,ainsi que la cession en location ou en sous location,le tout avec ou sans option d’achat,l’exploitation et l’entretien de maisons,appartements,bureaux,magasins,fonds de commerce,terrains,terres et domaines,et de manière générale de tous biens immobiliers ainsi que toutes opérations de financement
- La constitution et la gestion d’un patrimoine immobilier et la location,le financement de biens immeubles aux tiers,l’acquisition par l’achat ou autrement,la vente,l’échange,la construction,la transformation,l’amélioration,l’équipement,l’aménagement,l’embellissement,l’entretien,la location,la prise en location,le lotissement,la prospection et l’exploitation de biens immobiliers,ainsi que toutes opérations qui,directement ou indirectement sont en relation avec cet objet et qui sont de nature à favoriser l’accroissement et le rapport d’un patrimoine immobilier,de même que se porter caution pour la bonne fin d’engagements pris par des tiers qui auraient la jouissance de ces biens immobiliers
- Achat,vente,location ou mise à disposition de produits,matériels,équipements,fournitures,véhicules,œuvre d’art,meubles,ou autres
- Être administrateur
- Organisation de cours,formations,séminaires,conférences,coaching à des particuliers,administrations,entreprises privées et publiques,universités,hautes écoles ou autre
- 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 SQUARE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne, tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique,par simple décision de…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 14. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation durée, un ou plusieurs administrateurs” (deed in French)“Indépendamment frais représentation, voyages et déplacements, portée aux frais généraux” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Registre des actions nominatives, numéro d'ordre” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Libre de céder tout ou partie librement” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Droit de souscription préférentielle au débiteur-gagiste, numéraire avec émission de nouvelles actions” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Titre V. Assemblée générale Article 18. Tenue et convocation Il est tenu chaque année, au siège, une assemblée générale ordinaire le premier…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Quelque cause et quelque moment, administrateurs en fonction désignés comme liquidateurs en vertu statuts si aucun autre désigné” (deed in French)