ROYAL CAR SERVICES
ActiveSummary
ROYAL CAR SERVICES has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€16,057) and a net result of €2,103. Equity is shrinking by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 11% of 2601 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+25
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.69 against 1.13 in 2024; short-term debt: 54.5% and cash: 5.5% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-29.9%
Return on assets
3.9%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 2601 sector peers (2025).
NBB · sector comparisonPosition among 2601 sector peers
Solvency
better than 11%
← 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 26-08-2026, 26 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
26 d late
2024
27 d late
2023
28 d late
2022
30 d late
2021
17 d early
2020
17 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 27 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€16,057▲ 11.6%
2024 · -€18,160
Total assets
€53,649▼ 18.9%
2024 · €66,118
Net result
€2,103
2024 · -€1,837
Working capital
€20,052▲ 199%
2024 · €6,706
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, 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
Line20212022202320242025
Operating result-€2,096-€3,103▼ 48.1%€848-€1,305€2,818
Net result-€3,511below the sector's middle half-€3,902below the sector's middle half▼ 11.1%-€767within the sector's middle half▲ 80.3%-€1,837below the sector's middle half▼ 139%€2,103within the sector's middle half
Equity-€11,654below the sector's middle half▼ 43.1%-€15,556below the sector's middle half▼ 33.5%-€16,323below the sector's middle half▼ 4.9%-€18,160below the sector's middle half▼ 11.3%-€16,057below the sector's middle half▲ 11.6%
Total assets€22,563below the sector's middle half▼ 6.4%€72,011below the sector's middle half▲ 219%€78,167within the sector's middle half▲ 8.5%€66,118within the sector's middle half▼ 15.4%€53,649below the sector's middle half▼ 18.9%
Debt€34,217▲ 6.1%€87,567▲ 156%€94,490▲ 7.9%€84,278▼ 10.8%€69,706▼ 17.3%
Working capital-€15,437below the sector's middle half▼ 20.8%€8,880below the sector's middle half€8,592within the sector's middle half▼ 3.2%€6,706within the sector's middle half▼ 21.9%€20,052within the sector's middle half▲ 199%
Solvency-51.7%below the sector's middle half▼ 17.9pp-21.6%below the sector's middle half▲ 30.0pp-20.9%below the sector's middle half▲ 0.7pp-27.5%below the sector's middle half▼ 6.6pp-29.9%below the sector's middle half▼ 2.5pp
Current ratio0.50below the sector's middle half▼ 0.031.15within the sector's middle half▲ 0.651.15within the sector's middle half▼ 0.011.13within the sector's middle half▼ 0.021.69within the sector's middle half▲ 0.56
Return on assets (ROA)-15.6%below the sector's middle half▼ 16.7pp-5.4%below the sector's middle half▲ 10.1pp-1.0%below the sector's middle half▲ 4.4pp-2.8%below the sector's middle half▼ 1.8pp3.9%within the sector's middle half▲ 6.7pp
Staff (FTE)1.8below the sector's middle half▲ 125%1.9below the sector's middle half▲ 5.6%0.3▼ 84.2%0.2▼ 33.3%0.8▲ 300%
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,818 after a loss of €1,305 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53,649
Fixed assets
€4,358 ▼ 34.9%
Current assets
€49,292 ▼ 17.0%
Key figures and ratios
EBITDA
€5,158▲
2024 · €2,324
Cash flow
€4,442▲
2024 · €1,792
Quick ratio
1.42▲
2024 · 0.97
Debt to equity
-4.34▲
2024 · -4.64
Interest coverage
5.59▲
2024 · 3.57
Debt ≤ 1 year
€29,239▼
2024 · €52,715
Debt > 1 year
€37,820▲
2024 · €31,563
Income taxes
-€145
Staff costs
€32,731▲
2024 · €15,092
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,381 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.1%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,381 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €40,558 | €34,632 | €15,467 | €15,092 | €32,731 | ▲ 117% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,716 | €2,716 | €3,385 | €3,629 | €2,339 | ▼ 35.5% |
| Other operating charges640/8 | €1,138 | €608 | €2,501 | €2,014 | €1,229 | ▼ 39.0% |
| Gross operating margin9900 | €42,316 | €34,853 | €22,200 | €19,430 | €39,118 | ▲ 101% |
| Operating profit (loss)9901 | -€2,096 | -€3,103 | €848 | -€1,305 | €2,818 | ▲ 316% |
| Financial income75/76B | €1 | €732 | - | €119 | €63 | ▼ 47.3% |
| Recurring financial income75 | €1 | €732 | - | €119 | €63 | ▼ 47.3% |
| Financial charges65/66B | €1,416 | €1,531 | €815 | €651 | €923 | ▲ 41.9% |
| Recurring financial charges65 | €1,416 | €1,531 | €815 | €651 | €923 | ▲ 41.9% |
| Profit (loss) for the period before taxes9903 | -€3,511 | -€3,902 | €33 | -€1,837 | €1,958 | ▲ 207% |
| Income taxes67/77 | - | - | €800 | - | -€145 | - |
| Profit (loss) for the period9904 | -€3,511 | -€3,902 | -€767 | -€1,837 | €2,103 | ▲ 214% |
| Profit (loss) for the period to be appropriated9905 | -€3,511 | -€3,902 | -€767 | -€1,837 | €2,103 | ▲ 214% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22,563 | €72,011 | €78,167 | €66,118 | €53,649 | ▼ 18.9% |
| Fixed assets21/28 | €7,152 | €4,436 | €10,326 | €6,697 | €4,358 | ▼ 34.9% |
| Tangible fixed assets22/27 | €7,152 | €4,436 | €10,326 | €6,697 | €4,358 | ▼ 34.9% |
| Plant, machinery and equipment23 | €4,552 | €3,136 | €6,893 | €4,179 | €2,753 | ▼ 34.1% |
| Furniture and vehicles24 | €2,600 | €1,300 | €3,433 | €2,518 | €1,604 | ▼ 36.3% |
| Current assets29/58 | €15,411 | €67,575 | €67,841 | €59,421 | €49,292 | ▼ 17.0% |
| Stocks and contracts in progress3 | €2,280 | €12,035 | €13,790 | €8,361 | €7,828 | ▼ 6.4% |
| Stocks30/36 | €2,280 | €12,035 | €13,790 | €8,361 | €7,828 | ▼ 6.4% |
| Amounts receivable within one year40/41 | €5,434 | €48,543 | €50,074 | €47,894 | €36,652 | ▼ 23.5% |
| Trade receivables40 | €5,434 | €46,917 | €49,432 | €42,797 | €12,262 | ▼ 71.3% |
| Other amounts receivable41 | - | €1,625 | €641 | €5,097 | €24,390 | ▲ 379% |
| Cash at bank and in hand54/58 | €7,269 | €6,216 | €2,614 | €2,594 | €2,977 | ▲ 14.8% |
| Deferred charges and accrued income490/1 | €428 | €781 | €1,363 | €572 | €1,835 | ▲ 221% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22,563 | €72,011 | €78,167 | €66,118 | €53,649 | ▼ 18.9% |
| Equity10/15 | -€11,654 | -€15,556 | -€16,323 | -€18,160 | -€16,057 | ▲ 11.6% |
| Contributions10/11 | €17,000 | €17,000 | €17,000 | €17,000 | €17,000 | = |
| Capital10 | - | - | €17,000 | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - |
| Uncalled capital101 | - | - | €1,600 | - | - | - |
| Profit (loss) carried forward14 | -€28,654 | -€32,556 | -€33,323 | -€35,160 | -€33,057 | ▲ 6.0% |
| Amounts payable17/49 | €34,217 | €87,567 | €94,490 | €84,278 | €69,706 | ▼ 17.3% |
| Amounts payable after more than one year17 | €3,369 | €28,872 | €35,241 | €31,563 | €37,820 | ▲ 19.8% |
| Financial debts170/4 | €3,369 | €28,872 | €35,241 | €31,563 | €37,820 | ▲ 19.8% |
| Amounts payable within one year42/48 | €30,848 | €58,695 | €59,249 | €52,715 | €29,239 | ▼ 44.5% |
| Current portion of amounts payable after more than one year42 | €1,734 | €3,567 | €3,631 | €3,684 | €3,743 | ▲ 1.6% |
| Trade debts44 | €11,839 | €36,396 | €41,284 | €29,523 | €14,554 | ▼ 50.7% |
| Suppliers440/4 | €11,839 | €36,396 | €41,284 | €29,523 | €14,554 | ▼ 50.7% |
| Advances received on contracts in progress46 | - | €4,708 | €9,865 | €9,865 | - | - |
| Taxes, remuneration and social security45 | €17,275 | €14,024 | €4,469 | €9,643 | €5,242 | ▼ 45.6% |
| Taxes450/3 | €9,916 | €9,096 | €3,959 | €7,317 | €3,021 | ▼ 58.7% |
| Remuneration and social security454/9 | €7,359 | €4,928 | €510 | €2,326 | €2,221 | ▼ 4.5% |
| Other amounts payable47/48 | - | - | - | - | €5,700 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,647 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,511 | -€3,902 | -€767 | -€1,837 | €2,103 | ▲ 214% |
| + Depreciation and write-downs630 | €2,716 | €2,716 | €3,385 | €3,629 | €2,339 | ▼ 35.5% |
| Operating cash flow (approximation) | -€795 | -€1,186 | €2,618 | €1,792 | €4,442 | ▲ 148% |
| Investment in fixed assets (approximation) | - | -€0 | -€9,275 | €0 | €0 | - |
| Change in cash | - | -€1,053 | -€3,602 | -€20 | €383 | ▲ 1,978% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Back to profitnet €2,103
Net result €2,103 after 4 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 1.15
Current ratio from 0.50 to 1.15.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
31-12
Financial
Back to profitnet €279
Net result €279 after 2 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 91 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
20-06
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 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, Maldegem · 1 establishment unit since 2015
Ground area
2,314 m²
Building footprint
1,663 m²
Volume, LiDAR
789 m³
2 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ROYAL CAR SHINE
since 20152.239.766.424
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039F0124/00E002 | Flanders | 2,044 m² | 1 · 1,566 m² | 6.7 m |
| 43010G0197/00P000 | Flanders | 270 m² | 1 · 96 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,205 companies in sector 95316 we hold annual accounts for 754. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-02-2015
Fiscal year end31-12
Abbreviation NL
R.C.S.
Activities, NACEBEL 2025
95316Washing and cleaning of motor vehicles
63100Computing infrastructure, data processing, hosting and related activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0597766755
Also
9925:BE0597766755
Registered
17-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.