RnH
ActiveSummary
RnH has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.09M) and a net result of €53k. Equity is shrinking by ~31.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.02 in 2024; cash: 10.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
Return on assets
306.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 8692 sector peers (2025).
NBB · sector comparisonPosition among 8692 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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 · 10 filingsDeviation from the deadline
2025
4 d late
2024
26 d late
2023
8 d late
2022
38 d late
2021
89 d early
2020
88 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-1.09M▲ 4.6%
2024 · €-1.14M
2018: €1.13M
2019: €1.03M▼ -9.2% vs 2018
2020: €755k▼ -26.4% vs 2019
2021: €1.72M▲ +128% vs 2020highest in 8 years
2022: €-1.20M▼ -170% vs 2021lowest in 8 years
2023: €-1.18M▲ +1.6% vs 2022
2024: €-1.14M▲ +3.6% vs 2023
2025: €-1.09M▲ +4.6% vs 2024
2018 → 2025
Total assets
€17k▼ 36.8%
2024 · €27k
2018: €3.09M
2019: €2.90M▼ -6.1% vs 2018
2020: €4.53M▲ +56.2% vs 2019highest in 8 years
2021: €2.14M▼ -52.7% vs 2020
2022: €118k▼ -94.5% vs 2021
2023: €34k▼ -70.8% vs 2022
2024: €27k▼ -21.3% vs 2023
2025: €17k▼ -36.8% vs 2024lowest in 8 years
2018 → 2025
Net result
€53k▲ 22.9%
2024 · €43k
2018: €-105k
2019: €-107k▼ -2.9% vs 2018
2020: €-163k▼ -51.6% vs 2019
2021: €970k▲ +695% vs 2020highest in 8 years
2022: €-2.93M▼ -402% vs 2021lowest in 8 years
2023: €19k▲ +101% vs 2022
2024: €43k▲ +120% vs 2023
2025: €53k▲ +22.9% vs 2024
2018 → 2025
Working capital
€-1.09M▲ 4.7%
2024 · €-1.15M
2018: €-1.78Mlowest in 8 years
2019: €-1.71M▲ +3.9% vs 2018
2020: €-1.65M▲ +3.3% vs 2019
2021: €1.72M▲ +204% vs 2020highest in 8 years
2022: €-1.22M▼ -171% vs 2021
2023: €-1.20M▲ +1.8% vs 2022
2024: €-1.15M▲ +3.9% vs 2023
2025: €-1.09M▲ +4.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.72M-€-1.20M€-1.18M▲ 1.6%€-1.14M▲ 3.6%€-1.09M▲ 4.6%
2021: €1.72Mhighest in 5 years
2022: €-1.20M▼ -170% vs 2021lowest in 5 years
2023: €-1.18M▲ +1.6% vs 2022
2024: €-1.14M▲ +3.6% vs 2023
2025: €-1.09M▲ +4.6% vs 2024
Operating result€976k-€-2.93M€21k€43k▲ 106%€53k▲ 23.2%
2021: €976khighest in 5 years
2022: €-2.93M▼ -400% vs 2021lowest in 5 years
2023: €21k▲ +101% vs 2022
2024: €43k▲ +106% vs 2023
2025: €53k▲ +23.2% vs 2024
Net result€970k-€-2.93M€19k€43k▲ 120%€53k▲ 22.9%
2021: €970khighest in 5 years
2022: €-2.93M▼ -402% vs 2021lowest in 5 years
2023: €19k▲ +101% vs 2022
2024: €43k▲ +120% vs 2023
2025: €53k▲ +22.9% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 23% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17k
Fixed assets
€5k ▼ 23.2%
Current assets
€12k ▼ 41.5%
Key figures and ratios
EBITDA
€55k▲
2024 · €48k
Cash flow
€54k▲
2024 · €48k
Current ratio
0.01▼
2024 · 0.02
Debt to equity
-1.02▲
2024 · -1.02
ROA
306.7%▲
2024 · 157.8%
Interest coverage
101.79▲
2024 · 76.76
Debt
€1.11M▼
2024 · €1.17M
Debt ≤ 1 year
€1.11M▼
2024 · €1.17M
A ratio outside any meaningful range has been withheld (balance sheet total €17k, equity €-1.09M).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€27k€17k▼
Fixed assets21/28€7k€5k▼
Tangible fixed assets22/27€7k€5k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€20k€12k▼
Amounts receivable within one year40/41€10k€10k=
Trade receivables40€10k€10k=
Cash at bank and in hand54/58€10k€2k▼
Equity and liabilities
Total equity and liabilities10/49€27k€17k▼
Equity10/15€-1.14M€-1.09M▲
Contributions10/11€19.83M€19.83M=
Capital10€19.83M€19.83M=
Issued capital100€19.83M€19.83M=
Reserves13€26.55M€26.55M=
Non-distributable reserves130/1€1.98M€1.98M=
Legal reserve130€1.98M€1.98M=
Distributable reserves133€24.56M€24.56M=
Profit (loss) carried forward14€-47.52M€-47.47M▲
Amounts payable17/49€1.17M€1.11M▼
Amounts payable within one year42/48€1.17M€1.11M▼
Trade debts44€342€7k▲
Suppliers440/4€342€7k▲
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€8k€7k▼
Other amounts payable47/48€1.16M€1.09M▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€2k▼
Other operating charges640/8€569€585▲
Gross operating margin9900€48k€55k▲
Operating profit (loss)9901€43k€53k▲
Financial income75/76B€294€0▼
Recurring financial income75€294€0▼
Financial charges65/66B€623€537▼
Recurring financial charges65€623€537▼
Profit (loss) for the period before taxes9903€43k€53k▲
Profit (loss) for the period9904€43k€53k▲
Profit (loss) for the period to be appropriated9905€43k€53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-47.52M€-47.47M▲
Profit (loss) brought forward from the previous period14P€-47.56M€-47.52M▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1.19M | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €4k | €4k | €5k | €2k | ▼ 66.3% |
| Other operating charges640/8 | €676 | €5k | €5k | €569 | €585 | ▲ 2.9% |
| Non-recurring operating charges66A | - | €2.96M | €0 | - | - | - |
| Gross operating margin9900 | €977k | €38k | €30k | €48k | €55k | ▲ 14.1% |
| Operating profit (loss)9901 | €976k | €-2.93M | €21k | €43k | €53k | ▲ 23.2% |
| Financial income75/76B | - | €0 | €9 | €294 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | €0 | €9 | €294 | €0 | ▼ 100.0% |
| Financial charges65/66B | €6k | €2k | €1k | €623 | €537 | ▼ 13.9% |
| Recurring financial charges65 | €6k | €2k | €1k | €623 | €537 | ▼ 13.9% |
| Profit (loss) for the period before taxes9903 | €970k | €-2.93M | €19k | €43k | €53k | ▲ 22.9% |
| Income taxes67/77 | - | €572 | €0 | - | - | - |
| Profit (loss) for the period9904 | €970k | €-2.93M | €19k | €43k | €53k | ▲ 22.9% |
| Profit (loss) for the period to be appropriated9905 | €970k | €-2.93M | €19k | €43k | €53k | ▲ 22.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.14M | €118k | €34k | €27k | €17k | ▼ 36.8% |
| Fixed assets21/28 | €0 | €14k | €11k | €7k | €5k | ▼ 23.2% |
| Tangible fixed assets22/27 | €0 | €14k | €11k | €7k | €5k | ▼ 23.2% |
| Land and buildings22 | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | €0 | €7k | €6k | €5k | €4k | ▼ 15.2% |
| Furniture and vehicles24 | - | €6k | €5k | €2k | €1k | ▼ 44.6% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €2.14M | €104k | €24k | €20k | €12k | ▼ 41.5% |
| Amounts receivable within one year40/41 | €2.14M | €96k | €14k | €10k | €10k | = |
| Trade receivables40 | - | €41k | €14k | €10k | €10k | = |
| Other amounts receivable41 | €2.14M | €55k | €0 | - | - | - |
| Cash at bank and in hand54/58 | - | €8k | €9k | €10k | €2k | ▼ 82.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.14M | €118k | €34k | €27k | €17k | ▼ 36.8% |
| Equity10/15 | €1.72M | €-1.20M | €-1.18M | €-1.14M | €-1.09M | ▲ 4.6% |
| Contributions10/11 | €19.83M | €19.83M | €19.83M | €19.83M | €19.83M | = |
| Capital10 | €19.83M | €19.83M | €19.83M | €19.83M | €19.83M | = |
| Issued capital100 | €19.83M | €19.83M | €19.83M | €19.83M | €19.83M | = |
| Reserves13 | €26.55M | €26.55M | €26.55M | €26.55M | €26.55M | = |
| Non-distributable reserves130/1 | €1.98M | €1.98M | €1.98M | €1.98M | €1.98M | = |
| Legal reserve130 | €1.98M | €1.98M | €1.98M | €1.98M | €1.98M | = |
| Distributable reserves133 | €24.56M | €24.56M | €24.56M | €24.56M | €24.56M | = |
| Profit (loss) carried forward14 | €-44.65M | €-47.58M | €-47.56M | €-47.52M | €-47.47M | ▲ 0.1% |
| Amounts payable17/49 | €418k | €1.32M | €1.22M | €1.17M | €1.11M | ▼ 5.3% |
| Amounts payable within one year42/48 | €418k | €1.32M | €1.22M | €1.17M | €1.11M | ▼ 5.3% |
| Financial debts43 | €445 | €0 | - | - | - | - |
| Credit institutions430/8 | €445 | €0 | - | - | - | - |
| Trade debts44 | - | €36k | €11k | €342 | €7k | ▲ 1,858% |
| Suppliers440/4 | - | €36k | €11k | €342 | €7k | ▲ 1,858% |
| Taxes, remuneration and social security45 | - | €16k | €8k | €8k | €7k | ▼ 7.1% |
| Taxes450/3 | - | €16k | €8k | €8k | €7k | ▼ 7.1% |
| Other amounts payable47/48 | €418k | €1.27M | €1.20M | €1.16M | €1.09M | ▼ 5.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €970k | €-2.93M | €19k | €43k | €53k | ▲ 22.9% |
| + Depreciation and write-downs630 | €0 | €4k | €4k | €5k | €2k | ▼ 66.3% |
| Operating cash flow (approximation) | €970k | €-2.92M | €24k | €48k | €54k | ▲ 13.9% |
| Investment in fixed assets (approximation) | - | €-18k | €-1k | €-908 | €0 | ▲ 100% |
| Change in cash | - | - | €1k | €995 | €-8k | ▼ 939% |
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
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 4 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 38 days late
2022
31-12
Financial
Weakest financial yearnet €-2.93M
Net result drops to €-2.93M, the lowest in the series; recovery starts the following year.
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €970k
Net result €970k after 3 loss-making years.
31-12
Financial
Liquidity times 9current ratio 5.13
Current ratio from 0.56 to 5.13; short-term debt falls from €3.77M to €418k.
31-12
Financial
Equity above €1MEq €1.72M ▲128%
Equity rises from €755k to €1.72M.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Show earlier events
06-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 280 days late
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 64 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Antwerpen · 1 establishment unit since 1986
Ground area
214 m²
Building footprint
123 m²
Volume, LiDAR
1,221 m³
Parcel 11804D0342/00E000, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Pelgrimstraat 4, 2000 Antwerpen
since 19862.035.431.766
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D0342/00E000 | Flanders | 214 m² | 1 · 123 m² | 12.9 m · 3 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 21,861 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-08-1986
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.