RMS Concept
ActiveSummary
The computed 12-month bankruptcy probability of RMS Concept is 3.4% (moderate). The 2024 annual accounts show equity of €152,529 and a net result of €23,051. Equity is growing by ~28% per year across the filed fiscal years. Its solvency ranks better than 86% of 9973 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability67▲+25
Solvency100▲+3
Growth85▲+17
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 3.51 against 2.85 in 2023; short-term debt: 22.4% and cash: 4.7% of total assets), and 22.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
257 d late
2022
106 d late
2021
170 d late
2020
61 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 119 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€1.5m▲ 37.6%
2023 · €1.1m
EBIT margin
2.3%▲ 1.2pp
2023 · 1.1%
Net result
€23,051▲ 115%
2023 · €10,730
Working capital
€110,274▲ 36.9%
2023 · €80,559
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€785,321€964,397▲ 22.8%€1.1m▲ 16.4%€1.5m▲ 37.6%
Operating result€35,070▲ 34.8%€27,705▼ 21.0%€65,906▲ 138%€11,944▼ 81.9%€35,389▲ 196%
Net result€28,173above the sector's middle half▲ 56.9%€23,235within the sector's middle half▼ 17.5%€46,390above the sector's middle half▲ 99.7%€10,730within the sector's middle half▼ 76.9%€23,051within the sector's middle half▲ 115%
EBIT margin3.5%6.8%▲ 3.3pp1.1%▼ 5.8pp2.3%▲ 1.2pp
Equity€49,123within the sector's middle half▲ 134%€72,358within the sector's middle half▲ 47.3%€118,748above the sector's middle half▲ 64.1%€129,478above the sector's middle half▲ 9.0%€152,529above the sector's middle half▲ 17.8%
Total assets€78,088within the sector's middle half▲ 19.1%€133,588within the sector's middle half▲ 71.1%€168,450within the sector's middle half▲ 26.1%€179,481within the sector's middle half▲ 6.5%€196,546within the sector's middle half▲ 9.5%
Debt€28,965▼ 35.1%€61,229▲ 111%€49,701▼ 18.8%€50,003▲ 0.6%€44,016▼ 12.0%
Working capital€22,761within the sector's middle half▲ 162%€27,595within the sector's middle half▲ 21.2%€69,510within the sector's middle half▲ 152%€80,559above the sector's middle half▲ 15.9%€110,274above the sector's middle half▲ 36.9%
Solvency62.9%above the sector's middle half▲ 31.0pp54.2%within the sector's middle half▼ 8.7pp70.5%above the sector's middle half▲ 16.3pp72.1%above the sector's middle half▲ 1.6pp77.6%above the sector's middle half▲ 5.5pp
Current ratio1.95within the sector's middle half▲ 0.741.45within the sector's middle half▼ 0.502.40within the sector's middle half▲ 0.952.85within the sector's middle half▲ 0.453.51above the sector's middle half▲ 0.65
Return on assets (ROA)36.1%above the sector's middle half▲ 8.7pp17.4%above the sector's middle half▼ 18.7pp27.5%above the sector's middle half▲ 10.1pp6.0%within the sector's middle half▼ 21.6pp11.7%within the sector's middle half▲ 5.7pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 196% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €196,546
Fixed assets
€42,255 ▼ 23.7%
Current assets
€154,291 ▲ 24.4%
Equity and liabilities €196,546
Equity
€152,529 ▲ 17.8%
Debt
€44,016 ▼ 12.0%
Debt's share of the balance-sheet total falls from 27.9% to 22.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,576▲
2023 · €29,770
Cash flow
€37,238▲
2023 · €28,556
Debt to equity
0.29▼
2023 · 0.39
ROE
15.1%▲
2023 · 8.3%
Interest coverage
19.22
Debt ≤ 1 year
€44,016▲
2023 · €43,510
Income taxes
€9,758▲
2023 · €2,815
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.4% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 26,975 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €785,321 | €964,397 | €1.1m | €1.5m | ▲ 37.6% |
| Goods, raw materials, services and sundry goods60/61 | - | €750,908 | €882,804 | €1.1m | €1.5m | ▲ 36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,861 | €8,801 | €15,483 | €17,826 | €14,187 | ▼ 20.4% |
| Other operating charges640/8 | - | €2,285 | €3,444 | €1,374 | €3,454 | ▲ 151% |
| Gross operating margin9900 | €40,750 | €38,791 | €84,833 | €31,144 | €53,030 | ▲ 70.3% |
| Operating profit (loss)9901 | €35,070 | €27,705 | €65,906 | €11,944 | €35,389 | ▲ 196% |
| Financial income75/76B | - | €4 | €1 | €1,601 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | €4 | €1 | €1,601 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €569 | €1,802 | - | €2,580 | - |
| Recurring financial charges65 | €418 | €569 | €1,802 | - | €2,580 | - |
| Profit (loss) for the period before taxes9903 | €34,652 | €27,140 | €64,105 | €13,545 | €32,809 | ▲ 142% |
| Income taxes67/77 | €6,479 | €3,906 | €17,715 | €2,815 | €9,758 | ▲ 247% |
| Profit (loss) for the period9904 | €28,173 | €23,235 | €46,390 | €10,730 | €23,051 | ▲ 115% |
| Profit (loss) for the period to be appropriated9905 | €28,173 | €23,235 | €46,390 | €10,730 | €23,051 | ▲ 115% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78,088 | €133,588 | €168,450 | €179,481 | €196,546 | ▲ 9.5% |
| Fixed assets21/28 | €31,461 | €44,763 | €49,239 | €55,412 | €42,255 | ▼ 23.7% |
| Tangible fixed assets22/27 | €31,461 | €44,763 | €49,239 | €55,412 | €42,255 | ▼ 23.7% |
| Plant, machinery and equipment23 | - | €888 | €640 | €392 | €917 | ▲ 134% |
| Furniture and vehicles24 | - | €43,875 | €48,598 | €55,020 | €41,338 | ▼ 24.9% |
| Current assets29/58 | €46,628 | €88,825 | €119,211 | €124,069 | €154,291 | ▲ 24.4% |
| Amounts receivable within one year40/41 | €45,518 | €86,087 | €84,216 | €111,892 | €145,005 | ▲ 29.6% |
| Trade receivables40 | - | €69,206 | €61,624 | €97,064 | €119,574 | ▲ 23.2% |
| Other amounts receivable41 | - | €16,881 | €22,592 | €14,828 | €25,431 | ▲ 71.5% |
| Cash at bank and in hand54/58 | €1,109 | €1,404 | €34,995 | €12,176 | €9,286 | ▼ 23.7% |
| Deferred charges and accrued income490/1 | - | €1,333 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78,088 | €133,588 | €168,450 | €179,481 | €196,546 | ▲ 9.5% |
| Equity10/15 | €49,123 | €72,358 | €118,748 | €129,478 | €152,529 | ▲ 17.8% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Capital10 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Issued capital100 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €300 | €300 | €300 | €300 | €300 | = |
| Non-distributable reserves130/1 | - | €300 | €300 | €300 | €300 | = |
| Legal reserve130 | - | €300 | €300 | €300 | €300 | = |
| Profit (loss) carried forward14 | €45,823 | €69,058 | €115,448 | €126,178 | €149,229 | ▲ 18.3% |
| Amounts payable17/49 | €28,965 | €61,229 | €49,701 | €50,003 | €44,016 | ▼ 12.0% |
| Amounts payable after more than one year17 | €5,098 | - | - | €6,493 | - | - |
| Financial debts170/4 | - | - | - | €6,493 | - | - |
| Amounts payable within one year42/48 | €23,867 | €61,229 | €49,701 | €43,510 | €44,016 | ▲ 1.2% |
| Current portion of amounts payable after more than one year42 | - | €5,098 | - | €5,856 | €6,493 | ▲ 10.9% |
| Financial debts43 | - | - | €5,000 | €10,000 | €1,686 | ▼ 83.1% |
| Credit institutions430/8 | - | - | €5,000 | €10,000 | €1,686 | ▼ 83.1% |
| Trade debts44 | €8,162 | €49,581 | €22,810 | - | €3,701 | - |
| Suppliers440/4 | - | €49,581 | €22,810 | - | €3,701 | - |
| Taxes, remuneration and social security45 | - | €6,551 | €20,941 | €20,625 | €27,230 | ▲ 32.0% |
| Taxes450/3 | - | €6,551 | €20,941 | €20,625 | €27,230 | ▲ 32.0% |
| Other amounts payable47/48 | - | - | €951 | €7,029 | €4,907 | ▼ 30.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,173 | €23,235 | €46,390 | €10,730 | €23,051 | ▲ 115% |
| + Depreciation and write-downs630 | €4,861 | €8,801 | €15,483 | €17,826 | €14,187 | ▼ 20.4% |
| Operating cash flow (approximation) | €33,034 | €32,035 | €61,873 | €28,556 | €37,238 | ▲ 30.4% |
| Investment in fixed assets (approximation) | - | -€22,103 | -€19,959 | -€24,000 | -€1,030 | ▲ 95.7% |
| Change in cash | - | €295 | €33,591 | -€22,819 | -€2,890 | ▲ 87.3% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
14-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 257 days late
2024
31-12
Financial
Equity above €150,000Eq €152,529 ▲17.8%
6 profitable years in a row build equity to €152,529.
2023
31-12
Financial
Weakest financial yearnet €10,730 ▼76.9%
Net result drops to €10,730, the lowest in the series; recovery starts the following year.
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 106 days late
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 170 days late
2022
31-12
Financial
Highest result since 2019net €46,390 ▲99.7%
Operating result €65,906, net result €46,390, both a record.
31-12
Financial
Equity above €100,000Eq €118,748 ▲64.1%
4 profitable years in a row build equity to €118,748.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Koekelberg · 1 establishment unit since 2018
Ground area
859 m²
Building footprint
144 m²
Volume, LiDAR
1,361 m³
Parcel 21492B0463/00A000, Brussels · tallest building 19.6 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
RMS Concept
since 20182.307.892.789
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0463/00A000 | Brussels | 859 m² | 1 · 144 m² | 19.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 12,624 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
Founded26-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43223Specialised construction activities
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0716858110
Also
9925:BE0716858110
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.