RS BELGIUM
ActiveSummary
RS BELGIUM has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-385k) and a net result of €2k. Equity is shrinking by ~30% per year across the filed fiscal years. Its solvency ranks better than 5% of 936 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69▲+65
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.3 in 2023; short-term debt: 125.2% and cash: 0.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← 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 2024Solvency, return and age of the figures
Solvency
-45.2%
Return on assets
0.2%
Age of the figures
21 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 936 sector peers (2024).
NBB · sector comparisonPosition among 936 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
92 d late
2022
31 d late
2021
2 d early
2020
5 d late
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-385k▲ 0.4%
2023 · €-387k
2018: €116k
2019: €-38k
2020: €-206k
2021: €-255k
2022: €-267k
2023: €-387k
2018 → 2024
Total assets
€852k▼ 15.3%
2023 · €1.01M
2018: €1.75M
2019: €1.78M
2020: €1.17M
2021: €1,000k
2022: €973k
2023: €1.01M
2018 → 2024
Net result
€2k
2023 · €-119k
2018: €156k
2019: €-153k
2020: €-168k
2021: €-49k
2022: €-12k
2023: €-119k
2018 → 2024
Working capital
€-797k▲ 0.9%
2023 · €-805k
2018: €-301k
2019: €-428k
2020: €-398k
2021: €-462k
2022: €-510k
2023: €-805k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-206k-€-255k▼ 23.9%€-267k▼ 4.7%€-387k▼ 44.6%€-385k▲ 0.4%
Operating result€-136k-€-27k▲ 80.5%€7k€-104k€15k
Net result€-168k-€-49k▲ 70.7%€-12k▲ 75.5%€-119k▼ 889%€2k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €15k after a loss of €104k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €852k
Fixed assets
€582k ▼ 11.3%
Current assets
€270k ▼ 22.9%
Key figures and ratios
EBITDA
€89k▲
2023 · €-37k
Cash flow
€76k▲
2023 · €-52k
Solvency
-45.2%▼
2023 · -38.4%
Current ratio
0.25▼
2023 · 0.30
Quick ratio
0.15▼
2023 · 0.22
Debt to equity
-3.21▲
2023 · -3.60
ROA
0.2%▲
2023 · -11.8%
Interest coverage
6.36▲
2023 · -2.28
Debt
€1.24M▼
2023 · €1.39M
Debt ≤ 1 year
€1.07M▼
2023 · €1.16M
Debt > 1 year
€170k▼
2023 · €238k
Income taxes
€1
Staff costs
€383k▼
2023 · €432k
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 · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.01M€852k▼
Fixed assets21/28€656k€582k▼
Tangible fixed assets22/27€656k€582k▼
Land and buildings22€645k€579k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€9k€2k▼
Financial fixed assets28€387€387=
Current assets29/58€350k€270k▼
Stocks and contracts in progress3€93k€112k▲
Stocks30/36€93k€112k▲
Amounts receivable within one year40/41€242k€149k▼
Trade receivables40€175k€93k▼
Other amounts receivable41€67k€56k▼
Cash at bank and in hand54/58€9k€1k▼
Deferred charges and accrued income490/1€7k€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.01M€852k▼
Equity10/15€-387k€-385k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-409k€-407k▲
Amounts payable17/49€1.39M€1.24M▼
Amounts payable after more than one year17€238k€170k▼
Financial debts170/4€238k€170k▼
Amounts payable within one year42/48€1.16M€1.07M▼
Current portion of amounts payable after more than one year42€68k€68k=
Financial debts43-€24k
Credit institutions430/8-€24k
Trade debts44€1.05M€940k▼
Suppliers440/4€1.05M€940k▼
Taxes, remuneration and social security45€41k€35k▼
Remuneration and social security454/9€41k€35k▼
Accrued charges and deferred income492/3€319-
Income statement
Code20232024
Non-recurring operating income76A-€1k
Remuneration, social security and pensions62€432k€383k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€74k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€866▼
Other operating charges640/8€13k€13k▼
Non-recurring operating charges66A€2k€6k▲
Gross operating margin9900€412k€492k▲
Operating profit (loss)9901€-104k€15k▲
Financial income75/76B€565€1k▲
Recurring financial income75€565€1k▲
Financial charges65/66B€16k€14k▼
Recurring financial charges65€16k€14k▼
Non-recurring financial charges66B-€407
Profit (loss) for the period before taxes9903€-119k€2k▲
Income taxes67/77-€1
Profit (loss) for the period9904€-119k€2k▲
Profit (loss) for the period to be appropriated9905€-119k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-409k€-407k▲
Profit (loss) brought forward from the previous period14P€-289k€-409k▼
Social balance
Average headcount (FTE)90877.06.0▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 5 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 92 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 5 days late
2020
31-12
Financial
Weakest financial yearnet €-168k
Net result drops to €-168k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Puurs-Sint-Amands · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schoonmansveld 292870 Puurs-Sint-AmandsGround area
7,361 m²
Building footprint
253 m²
Volume, LiDAR
965 m³
Parcel 12032C0553/00D000, Flanders · tallest building 4.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RS BELGIUM
since 20042.136.969.881
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12032C0553/00D000 | Flanders | 7,361 m² | 1 · 253 m² | 4.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 291 EUR awarded · 291 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 291 EUR | 291 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300YIRRMSC6Y3PH23
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Z Customs
BE 0418.634.479
Welkenraedt · Eq €115,928
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BE 0833.117.657
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A. de Labie en Zonen
BE 0426.876.907
Hoogstraten · Eq €116,259
Of 3,190 companies in sector 52250 we hold annual accounts for 1,955. 1,384 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
69209Other tax advisory services
73200Market research and public opinion polling
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.