ROYAL 87
ActiveSummary
ROYAL 87 has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.44M) and a net result of €-700k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-10
Solvency0▼-16
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.0 in 2024; short-term debt: 91.4% and cash: 0.9% 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 →
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
-42.7%
Return on assets
-20.7%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-1.44M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
30 d early
2023
20 d early
2022
31 d early
2021
23 d late
2020
45 d early
2019
37 d early
← 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
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-700k▼ 32.6%
2024 · €-528k
2018: €-133k
2019: €-53k▲ +60.4% vs 2018
2020: €-44k▲ +16.8% vs 2019
2021: €-33k▲ +25.8% vs 2020highest in 8 years
2022: €-392k▼ -1105% vs 2021
2023: €-598k▼ -52.5% vs 2022
2024: €-528k▲ +11.8% vs 2023
2025: €-700k▼ -32.6% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-3.03M▲ 61.3%
2024 · €-7.85M
2018: €-4.63M
2019: €-4.89M▼ -5.6% vs 2018
2020: €-4.88M▲ +0.1% vs 2019
2021: €-3.49M▲ +28.5% vs 2020
2022: €-4.52M▼ -29.6% vs 2021
2023: €-5.30M▼ -17.1% vs 2022
2024: €-7.85M▼ -48.1% vs 2023lowest in 8 years
2025: €-3.03M▲ +61.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€773k-€381k▼ 50.8%€-217k€-745k▼ 243%€-1.44M▼ 93.9%
2021: €773khighest in 5 years
2022: €381k▼ -50.8% vs 2021
2023: €-217k▼ -157% vs 2022
2024: €-745k▼ -243% vs 2023
2025: €-1.44M▼ -93.9% vs 2024lowest in 5 years
Operating result€84k-€-241k€-241k▼ 0.3%€-267k▼ 10.8%€-559k▼ 109%
2021: €84khighest in 5 years
2022: €-241k▼ -386% vs 2021
2023: €-241k▼ -0.3% vs 2022
2024: €-267k▼ -10.8% vs 2023
2025: €-559k▼ -109% vs 2024lowest in 5 years
Net result€-33k-€-392k▼ 1,105%€-598k▼ 52.5%€-528k▲ 11.8%€-700k▼ 32.6%
2021: €-33khighest in 5 years
2022: €-392k▼ -1105% vs 2021
2023: €-598k▼ -52.5% vs 2022
2024: €-528k▲ +11.8% vs 2023
2025: €-700k▼ -32.6% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €559k in 2025 against €267k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.38M
Fixed assets
€3.33M ▼ 58.1%
Current assets
€56k ▲ 972%
Key figures and ratios
EBITDA
€-430k▼
2024 · €-26k
Cash flow
€-571k▼
2024 · €-286k
Solvency
-42.7%▼
2024 · -9.4%
Current ratio
0.02▲
2024 · 0.00
Debt to equity
-3.34▲
2024 · -11.65
ROA
-20.7%▼
2024 · -6.7%
Interest coverage
-3.03▼
2024 · -0.10
Debt
€4.83M▼
2024 · €8.68M
Debt ≤ 1 year
€3.09M▼
2024 · €7.85M
Debt > 1 year
€1.74M▲
2024 · €828k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.93M€3.38M▼
Fixed assets21/28€7.93M€3.33M▼
Tangible fixed assets22/27€7.92M€3.32M▼
Land and buildings22€4.70M€3.32M▼
Plant, machinery and equipment23€3k-
Assets under construction and advance payments27€3.21M-
Financial fixed assets28€8k€8k=
Current assets29/58€5k€56k▲
Amounts receivable within one year40/41€769€25k▲
Trade receivables40€514€25k▲
Other amounts receivable41€256-
Cash at bank and in hand54/58-€32k
Deferred charges and accrued income490/1€4k€171▼
Equity and liabilities
Total equity and liabilities10/49€7.93M€3.38M▼
Equity10/15€-745k€-1.44M▼
Contributions10/11€1.50M€1.50M=
Profit (loss) carried forward14€-2.25M€-2.94M▼
Amounts payable17/49€8.68M€4.83M▼
Amounts payable after more than one year17€828k€1.74M▲
Financial debts170/4€806k€1.74M▲
Other amounts payable178/9€22k-
Amounts payable within one year42/48€7.85M€3.09M▼
Current portion of amounts payable after more than one year42€127k€102k▼
Financial debts43€1.95M-
Credit institutions430/8€1.95M-
Trade debts44€98k€45k▼
Suppliers440/4€98k€45k▼
Taxes, remuneration and social security45€15k€24k▲
Taxes450/3€15k€24k▲
Other amounts payable47/48€5.66M€2.92M▼
Income statement
Code20242025
Non-recurring operating income76A€4k€10k▲
Remuneration, social security and pensions62€522-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€242k€129k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-385
Other operating charges640/8€37k€18k▼
Non-recurring operating charges66A€1k€223k▲
Gross operating margin9900€12k€-189k▼
Operating profit (loss)9901€-267k€-559k▼
Financial income75/76B€33€762▲
Recurring financial income75€33€762▲
Financial charges65/66B€260k€142k▼
Recurring financial charges65€260k€142k▼
Profit (loss) for the period before taxes9903€-528k€-700k▼
Profit (loss) for the period9904€-528k€-700k▼
Profit (loss) for the period to be appropriated9905€-528k€-700k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2.25M€-2.94M▼
Profit (loss) brought forward from the previous period14P€-1.72M€-2.25M▼
The notes to these accounts (16 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 | - | €9k | €68k | €4k | €10k | ▲ 122% |
| Remuneration, social security and pensions62 | - | - | €36k | €522 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €77k | €241k | €241k | €242k | €129k | ▼ 46.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €385 | - | €-385 | - |
| Other operating charges640/8 | €14k | €20k | €21k | €37k | €18k | ▼ 51.6% |
| Non-recurring operating charges66A | - | €24k | €5k | €1k | €223k | ▲ 21,066% |
| Gross operating margin9900 | €176k | €45k | €62k | €12k | €-189k | ▼ 1,615% |
| Operating profit (loss)9901 | €84k | €-241k | €-241k | €-267k | €-559k | ▼ 109% |
| Financial income75/76B | - | €3 | €37 | €33 | €762 | ▲ 2,234% |
| Recurring financial income75 | - | €3 | €37 | €33 | €762 | ▲ 2,234% |
| Financial charges65/66B | €117k | €152k | €357k | €260k | €142k | ▼ 45.6% |
| Recurring financial charges65 | €61k | €152k | €357k | €260k | €142k | ▼ 45.6% |
| Non-recurring financial charges66B | €55k | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-33k | €-392k | €-598k | €-528k | €-700k | ▼ 32.6% |
| Profit (loss) for the period9904 | €-33k | €-392k | €-598k | €-528k | €-700k | ▼ 32.6% |
| Profit (loss) for the period to be appropriated9905 | €-33k | €-392k | €-598k | €-528k | €-700k | ▼ 32.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.45M | €8.00M | €8.19M | €7.93M | €3.38M | ▼ 57.4% |
| Fixed assets21/28 | €5.45M | €7.95M | €8.01M | €7.93M | €3.33M | ▼ 58.1% |
| Tangible fixed assets22/27 | €5.44M | €7.94M | €8.00M | €7.92M | €3.32M | ▼ 58.1% |
| Land and buildings22 | €1.55M | €5.49M | €5.55M | €4.70M | €3.32M | ▼ 29.5% |
| Plant, machinery and equipment23 | - | - | €4k | €3k | - | - |
| Assets under construction and advance payments27 | €3.90M | €2.45M | €2.45M | €3.21M | - | - |
| Financial fixed assets28 | €8k | €8k | €8k | €8k | €8k | = |
| Current assets29/58 | €3k | €50k | €183k | €5k | €56k | ▲ 972% |
| Amounts receivable within one year40/41 | - | €22k | €118k | €769 | €25k | ▲ 3,098% |
| Trade receivables40 | - | €22k | €118k | €514 | €25k | ▲ 4,689% |
| Other amounts receivable41 | - | - | €256 | €256 | - | - |
| Cash at bank and in hand54/58 | €1k | €21k | €56k | - | €32k | - |
| Deferred charges and accrued income490/1 | €2k | €7k | €8k | €4k | €171 | ▼ 96.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.45M | €8.00M | €8.19M | €7.93M | €3.38M | ▼ 57.4% |
| Equity10/15 | €773k | €381k | €-217k | €-745k | €-1.44M | ▼ 93.9% |
| Contributions10/11 | €1.50M | €1.50M | €1.50M | €1.50M | €1.50M | = |
| Capital10 | €1.50M | - | - | - | - | - |
| Issued capital100 | €1.50M | - | - | - | - | - |
| Profit (loss) carried forward14 | €-727k | €-1.12M | €-1.72M | €-2.25M | €-2.94M | ▼ 31.2% |
| Amounts payable17/49 | €4.68M | €7.62M | €8.41M | €8.68M | €4.83M | ▼ 44.4% |
| Amounts payable after more than one year17 | €1.19M | €3.00M | €2.87M | €828k | €1.74M | ▲ 110% |
| Financial debts170/4 | €1.19M | €3.00M | €2.87M | €806k | €1.74M | ▲ 115% |
| Other amounts payable178/9 | - | - | - | €22k | - | - |
| Amounts payable within one year42/48 | €3.49M | €4.57M | €5.48M | €7.85M | €3.09M | ▼ 60.6% |
| Current portion of amounts payable after more than one year42 | €127k | €127k | €127k | €127k | €102k | ▼ 19.9% |
| Financial debts43 | €7k | €9 | - | €1.95M | - | - |
| Credit institutions430/8 | €7k | €9 | - | €1.95M | - | - |
| Trade debts44 | €44k | €37k | €69k | €98k | €45k | ▼ 54.1% |
| Suppliers440/4 | €44k | €37k | €69k | €98k | €45k | ▼ 54.1% |
| Taxes, remuneration and social security45 | - | - | - | €15k | €24k | ▲ 58.6% |
| Taxes450/3 | - | - | - | €15k | €24k | ▲ 58.6% |
| Other amounts payable47/48 | €3.32M | €4.41M | €5.28M | €5.66M | €2.92M | ▼ 48.4% |
| Accrued charges and deferred income492/3 | - | €50k | €62k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-33k | €-392k | €-598k | €-528k | €-700k | ▼ 32.6% |
| + Depreciation and write-downs630 | €77k | €241k | €241k | €242k | €129k | ▼ 46.6% |
| Operating cash flow (approximation) | €44k | €-152k | €-357k | €-286k | €-571k | ▼ 99.5% |
| Investment in fixed assets (approximation) | - | €-2.74M | €-303k | €-160k | €4.47M | ▲ 2,904% |
| Change in cash | - | €19k | €36k | - | - | - |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-700k
Net result drops to €-700k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Equity above €500kEq €773k
Equity rises from €-676k to €773k.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Ukkel · 1 establishment unit since 2008
Ground area
2,095 m²
Building footprint
2,233 m²
Volume, LiDAR
25,899 m³
Parcel 21616G0176/00N002, Brussels · tallest building 19.1 m, ±4 floors. Linked by address, not a title deed.
56
companies at this address
See who is registered here
1 establishment unit
ROYAL 87
since 20082.344.413.982
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0176/00N002 | Brussels | 2,094 m² | 1 · 2,233 m² | 19.1 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300FW1EJE5S4CWD27
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 36,679 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
Founded18-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.