Summary
RMB PROJECTS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €308,349 and a net result of €57,417. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 58% of 6,676 sector peers (NACE 64, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Equity
€308,349▼ 3.6%
2024 · €319,836
Net result
€57,417▲ 176%
2024 · €20,830
Total assets
€517,258▼ 2.7%
2024 · €531,524
Solvency
59.6%▼ 0.6pp
2024 · 60.2%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 145% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€89,209
2025
Net result€57,417
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€517,258
2025
Equity€308,349
2025
Debt€208,909
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€171,633
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)11.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency59.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.58
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€126,316-€102,973▼ 18.5%€60,546▼ 41.2%€74,449▲ 23.0%€131,406▲ 76.5%€37,828▼ 71.2%€36,386▼ 3.8%€89,209▲ 145%
Net result€91,475-€68,904▼ 24.7%€43,519within the sector's middle half▼ 36.8%€51,538within the sector's middle half▲ 18.4%€86,363above the sector's middle half▲ 67.6%€22,183within the sector's middle half▼ 74.3%€20,830within the sector's middle half▼ 6.1%€57,417within the sector's middle half▲ 176%
Equity€64,580-€133,484▲ 107%€177,003within the sector's middle half▲ 32.6%€228,541within the sector's middle half▲ 29.1%€276,824within the sector's middle half▲ 21.1%€299,007within the sector's middle half▲ 8.0%€319,836within the sector's middle half▲ 7.0%€308,349within the sector's middle half▼ 3.6%
Total assets€236,040-€269,952▲ 14.4%€244,393below the sector's middle half▼ 9.5%€320,600within the sector's middle half▲ 31.2%€636,091within the sector's middle half▲ 98.4%€523,464within the sector's middle half▼ 17.7%€531,524below the sector's middle half▲ 1.5%€517,258below the sector's middle half▼ 2.7%
Debt€171,459-€136,468▼ 20.4%€67,390▼ 50.6%€92,059▲ 36.6%€359,268▲ 290%€224,457▼ 37.5%€211,687▼ 5.7%€208,909▼ 1.3%
Working capital€59,903-€132,500▲ 121%€166,736within the sector's middle half▲ 25.8%€164,463above the sector's middle half▼ 1.4%€209,733above the sector's middle half▲ 27.5%€164,262above the sector's middle half▼ 21.7%€179,743within the sector's middle half▲ 9.4%€171,633within the sector's middle half▼ 4.5%
Solvency27.4%-49.4%▲ 22.1pp72.4%within the sector's middle half▲ 23.0pp71.3%within the sector's middle half▼ 1.1pp43.5%within the sector's middle half▼ 27.8pp57.1%within the sector's middle half▲ 13.6pp60.2%within the sector's middle half▲ 3.1pp59.6%within the sector's middle half▼ 0.6pp
Current ratio1.37-2.06▲ 0.693.74above the sector's middle half▲ 1.682.90within the sector's middle half▼ 0.842.23within the sector's middle half▼ 0.672.81within the sector's middle half▲ 0.592.92within the sector's middle half▲ 0.102.58within the sector's middle half▼ 0.34
Return on assets (ROA)38.8%-25.5%▼ 13.2pp17.8%above the sector's middle half▼ 7.7pp16.1%within the sector's middle half▼ 1.7pp13.6%within the sector's middle half▼ 2.5pp4.2%within the sector's middle half▼ 9.3pp3.9%within the sector's middle half▼ 0.3pp11.1%within the sector's middle half▲ 7.2pp
Staff (FTE)0.70.8below the sector's middle half▲ 14.3%11=1within the sector's middle half=1within the sector's middle half=
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €517,258
Fixed assets
€237,170 ▼ 8.1%
Current assets
€280,088 ▲ 2.4%
Equity and liabilities €517,258
Equity
€308,349 ▼ 3.6%
Debt
€208,909 ▼ 1.3%
Debt's share of the balance-sheet total rises from 39.8% to 40.4%. Equity and debt are lower.
Key figures and ratios
ROE
18.6%▲
2024 · 6.5%
Debt ≤ 1 year
€108,455▲
2024 · €93,691
Debt > 1 year
€100,453▼
2024 · €117,166
Income taxes
€26,667▲
2024 · €11,039
Staff costs
€47,965▲
2024 · €47,454
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €812 | €0 | - | €6,541 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €76 | €38,719 | €50,674 | €47,454 | €47,965 | ▲ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,675 | €4,466 | €4,570 | €5,336 | €5,339 | €17,498 | €20,717 | €22,146 | ▲ 6.9% |
| Other operating charges640/8 | - | - | - | €20,017 | €4,478 | €4,970 | €4,356 | €3,174 | ▼ 27.1% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €18,365 | €0 | ▼ 100% |
| Gross operating margin9900 | €133,752 | €137,684 | €89,541 | €99,877 | €179,941 | €110,971 | €127,278 | €162,493 | ▲ 27.7% |
| Operating profit (loss)9901 | €126,316 | €102,973 | €60,546 | €74,449 | €131,406 | €37,828 | €36,386 | €89,209 | ▲ 145% |
| Financial income75/76B | - | - | - | €372 | €675 | €755 | €2,360 | €903 | ▼ 61.8% |
| Recurring financial income75 | €374 | €544 | €559 | €372 | €675 | €755 | €2,360 | €903 | ▼ 61.8% |
| Financial charges65/66B | - | - | - | €2,162 | €5,176 | €3,385 | €6,877 | €6,028 | ▼ 12.4% |
| Recurring financial charges65 | €5,032 | €2,272 | €2,708 | €2,162 | €5,176 | €3,385 | €6,877 | €6,028 | ▼ 12.4% |
| Profit (loss) for the period before taxes9903 | €124,797 | €101,245 | €58,397 | €72,659 | €126,905 | €35,198 | €31,868 | €84,084 | ▲ 164% |
| Income taxes67/77 | €33,323 | €32,342 | €14,878 | €21,121 | €40,543 | €13,015 | €11,039 | €26,667 | ▲ 142% |
| Profit (loss) for the period9904 | €91,475 | €68,904 | €43,519 | €51,538 | €86,363 | €22,183 | €20,830 | €57,417 | ▲ 176% |
| Profit (loss) for the period to be appropriated9905 | €91,475 | €68,904 | €43,519 | €51,538 | €86,363 | €22,183 | €20,830 | €57,417 | ▲ 176% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €236,040 | €269,952 | €244,393 | €320,600 | €636,091 | €523,464 | €531,524 | €517,258 | ▼ 2.7% |
| Fixed assets21/28 | €16,371 | €12,478 | €16,707 | €69,550 | €255,412 | €268,681 | €258,089 | €237,170 | ▼ 8.1% |
| Intangible fixed assets21 | - | - | €2,926 | €1,834 | €742 | €0 | - | - | - |
| Tangible fixed assets22/27 | €12,366 | €8,673 | €9,977 | €63,767 | €250,720 | €264,731 | €254,139 | €233,220 | ▼ 8.2% |
| Land and buildings22 | - | - | - | €25,250 | €236,107 | €225,563 | €215,019 | €204,474 | ▼ 4.9% |
| Plant, machinery and equipment23 | - | - | - | €640 | €499 | €11,481 | €10,945 | €7,843 | ▼ 28.3% |
| Furniture and vehicles24 | - | - | - | €4,256 | €3,737 | €11,865 | €9,930 | €5,655 | ▼ 43.0% |
| Other tangible fixed assets26 | - | - | - | €4,641 | €10,376 | €15,822 | €18,246 | €15,247 | ▼ 16.4% |
| Assets under construction and advance payments27 | - | - | - | €28,980 | €0 | - | - | - | - |
| Financial fixed assets28 | €4,005 | €3,805 | €3,805 | €3,950 | €3,950 | €3,950 | €3,950 | €3,950 | = |
| Current assets29/58 | €219,669 | €257,473 | €227,686 | €251,050 | €380,679 | €254,783 | €273,434 | €280,088 | ▲ 2.4% |
| Stocks and contracts in progress3 | €9,499 | €9,499 | €29,576 | €15,123 | €11,137 | €12,051 | €11,762 | €16,507 | ▲ 40.3% |
| Stocks30/36 | - | - | - | €15,123 | €11,137 | €12,051 | €11,762 | €16,507 | ▲ 40.3% |
| Amounts receivable within one year40/41 | €121,759 | €112,393 | €49,160 | €76,972 | €152,452 | €85,510 | €123,580 | €160,031 | ▲ 29.5% |
| Trade receivables40 | - | - | - | €76,972 | €152,452 | €80,778 | €117,354 | €135,921 | ▲ 15.8% |
| Other amounts receivable41 | - | - | - | - | - | €4,732 | €6,227 | €24,110 | ▲ 287% |
| Cash at bank and in hand54/58 | €88,411 | €134,217 | €138,595 | €157,274 | €216,499 | €156,347 | €127,706 | €97,768 | ▼ 23.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,681 | €591 | €875 | €10,386 | €5,782 | ▼ 44.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €236,040 | €269,952 | €244,393 | €320,600 | €636,091 | €523,464 | €531,524 | €517,258 | ▼ 2.7% |
| Equity10/15 | €64,580 | €133,484 | €177,003 | €228,541 | €276,824 | €299,007 | €319,836 | €308,349 | ▼ 3.6% |
| Contributions10/11 | €22,500 | €22,500 | - | €22,500 | €22,500 | €22,500 | €22,500 | €22,500 | = |
| Reserves13 | €60,579 | €110,984 | €154,503 | €206,041 | €254,324 | €276,507 | €297,336 | €285,849 | ▼ 3.9% |
| Non-distributable reserves130/1 | - | - | - | €4,000 | €4,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €4,000 | €4,000 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €202,041 | €250,324 | €276,507 | €297,336 | €285,849 | ▼ 3.9% |
| Profit (loss) carried forward14 | -€18,499 | - | - | - | €0 | €0 | - | €0 | - |
| Amounts payable17/49 | €171,459 | €136,468 | €67,390 | €92,059 | €359,268 | €224,457 | €211,687 | €208,909 | ▼ 1.3% |
| Amounts payable after more than one year17 | €11,187 | €10,941 | €6,030 | €5,243 | €187,451 | €133,662 | €117,166 | €100,453 | ▼ 14.3% |
| Financial debts170/4 | - | - | - | - | €149,944 | €133,662 | €117,166 | €100,453 | ▼ 14.3% |
| Other amounts payable178/9 | - | - | - | €5,243 | €37,507 | €0 | - | - | - |
| Amounts payable within one year42/48 | €159,766 | €124,973 | €60,950 | €86,586 | €170,946 | €90,521 | €93,691 | €108,455 | ▲ 15.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €16,071 | €16,282 | €16,496 | €16,713 | ▲ 1.3% |
| Financial debts43 | - | - | - | €12,000 | €25,000 | €0 | €6,778 | €21,795 | ▲ 222% |
| Credit institutions430/8 | - | - | - | €12,000 | €25,000 | €0 | €6,778 | €21,795 | ▲ 222% |
| Trade debts44 | €93,602 | €71,634 | €35,016 | €44,483 | €79,844 | €35,461 | €37,764 | €47,414 | ▲ 25.6% |
| Suppliers440/4 | - | - | - | €44,483 | €79,844 | €35,461 | €37,764 | €47,414 | ▲ 25.6% |
| Taxes, remuneration and social security45 | - | - | - | €30,103 | €50,032 | €38,778 | €32,653 | €22,534 | ▼ 31.0% |
| Taxes450/3 | - | - | - | €27,727 | €46,191 | €30,261 | €24,520 | €14,584 | ▼ 40.5% |
| Remuneration and social security454/9 | - | - | - | €2,376 | €3,841 | €8,516 | €8,133 | €7,950 | ▼ 2.3% |
| Accrued charges and deferred income492/3 | - | - | - | €229 | €870 | €274 | €830 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91,475 | €68,904 | €43,519 | €51,538 | €86,363 | €22,183 | €20,830 | €57,417 | ▲ 176% |
| + Depreciation and write-downs630 | €4,675 | €4,466 | €4,570 | €5,336 | €5,339 | €17,498 | €20,717 | €22,146 | ▲ 6.9% |
| Operating cash flow (approximation) | €96,150 | €73,370 | €48,089 | €56,874 | €91,702 | €39,681 | €41,547 | €79,563 | ▲ 91.5% |
| Investment in fixed assets (approximation) | - | -€573 | -€8,799 | -€58,179 | -€191,201 | -€30,767 | -€10,126 | -€1,226 | ▲ 87.9% |
| Change in cash | - | €45,806 | €4,378 | €18,679 | €59,225 | -€60,152 | -€28,641 | -€29,938 | ▼ 4.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 14-07-2026 | 2026-00296724 |
| 31-12-2024 | abbreviated format | 23-06-2025 | 2025-00181852 |
| 31-12-2023 | micro format | 10-07-2024 | 2024-00252293 |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00183980 |
| 31-12-2021 | micro format | 20-06-2022 | 2022-20089291 |
| 31-12-2020 | abbreviated format | 29-06-2021 | 2021-27400012 |
| 31-12-2019 | abbreviated format | 14-07-2020 | 2020-30100124 |
| 31-12-2018 | abbreviated format | 09-07-2019 | 2019-30400590 |
| 31-12-2017 | abbreviated format | 27-06-2018 | 2018-23600521 |
| 31-12-2016 | abbreviated format | 26-06-2017 | 2017-21100484 |
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Of the 24,455 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,124. 13,968 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.