Summary
RS Management is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €260k and a net result of €-23k. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 69% of 5527 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-03-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
on the day
2023
on the day
2022
26 d early
2021
8 d early
2020
29 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€260k▼ 8.2%
2024 · €283k
2018: €98k
2019: €105k
2020: €115k
2021: €131k
2022: €112k
2023: €374k
2024: €283k
2018 → 2025
Net result
€-23k▲ 74.6%
2024 · €-91k
2018: €98k
2019: €32k
2020: €25k
2021: €186k
2022: €-19k
2023: €-2k
2024: €-91k
2018 → 2025
Total assets
€359k▼ 28.6%
2024 · €503k
2018: €1.02M
2019: €944k
2020: €1.04M
2021: €978k
2022: €686k
2023: €624k
2024: €503k
2018 → 2025
Solvency
72.4%▲ 16.1pp
2024 · 56.3%
2018: 9.6%
2019: 11.2%
2020: 11.1%
2021: 13.4%
2022: 16.3%
2023: 60.0%
2024: 56.3%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€131k-€112k▼ 14.6%€374k▲ 234%€283k▼ 24.4%€260k▼ 8.2%
Operating result€199k-€-13k€2k€-89k€-22k▲ 75.7%
Net result€186k-€-19k€-2k▲ 92.1%€-91k▼ 5,925%€-23k▲ 74.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22k in 2025 against €89k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €359k
Equity
€260k ▼ 8.2%
Debt
€99k ▼ 54.9%
Debt's share of the balance-sheet total falls from 43.7% to 27.6%. Equity and debt are lower.
Key figures and ratios
ROE
-8.9%▲
2024 · -32.2%
ROA
-6.4%▲
2024 · -18.1%
Debt ≤ 1 year
€99k▼
2024 · €125k
Debt > 1 year
€0▼
2024 · €95k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€503k€359k▼
Current assets29/58€503k€359k▼
Stocks and contracts in progress3€292k€36k▼
Stocks30/36€292k€36k▼
Amounts receivable within one year40/41€10k€225▼
Other amounts receivable41€10k€225▼
Cash at bank and in hand54/58€190k€323k▲
Deferred charges and accrued income490/1€10k€0▼
Equity and liabilities
Total equity and liabilities10/49€503k€359k▼
Equity10/15€283k€260k▼
Contributions10/11€18k€18k=
Reserves13€265k€242k▼
Non-distributable reserves130/1€4k€0▼
Reserves not available under the articles1311€4k€0▼
Distributable reserves133€261k€242k▼
Amounts payable17/49€220k€99k▼
Amounts payable after more than one year17€95k€0▼
Financial debts170/4€95k€0▼
Amounts payable within one year42/48€125k€99k▼
Current portion of amounts payable after more than one year42€15k€0▼
Trade debts44€110k€99k▼
Suppliers440/4€110k€99k▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€216€216=
Accrued charges and deferred income492/3€290€299▲
Income statement
Code20242025
Other operating charges640/8€382€126▼
Gross operating margin9900€-89k€-22k▲
Operating profit (loss)9901€-89k€-22k▲
Financial income75/76B€309€752▲
Recurring financial income75€309€752▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-91k€-23k▲
Profit (loss) for the period9904€-91k€-23k▲
Profit (loss) for the period to be appropriated9905€-91k€-23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-91k€-23k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€91k€23k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €-91k
Net result drops to €-91k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Liquidity doublescurrent ratio 4.49
Current ratio from 2.14 to 4.49; short-term debt falls from €321k to €139k.
30-09
Financial
Equity above €200kEq €374k ▲234%
Equity rises from €112k to €374k.
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €186k ▲643%
Operating result €199k, net result €186k, both a record.
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €100kEq €105k ▲7.7%
2 profitable years in a row build equity to €105k.
Show earlier events
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Poperinge · 1 establishment unit since 2010
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.
Professor Dewulfstraat 878970 PoperingeGround area
992 m²
Building footprint
292 m²
Volume, LiDAR
591 m³
2 parcels, Flanders · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RS Management
since 20102.185.455.926
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33021E0644/00E000 | Flanders | 549 m² | 1 · 138 m² | 8.2 m · 1 fl. |
| 33021E0568/00D002 | Flanders | 443 m² | 1 · 153 m² | 5.7 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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D-INVEST
BE 1003.621.683
Bree · Eq €260,128
ELVETHICO
BE 0871.567.467
Merelbeke-Melle · Eq €259,951
Wine On Wheels
BE 1002.203.010
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 13,668 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 (pre-2019)
Founded23-02-2010
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.