RS PROJECT
Open bankruptcyA bankruptcy procedure is open for RS PROJECT according to publications in the Belgian State Gazette; curator: SVEN DE MAESENEER.
Summary
The file additionally contains 1 administrative flag. The 2023 annual accounts show equity of €67k and a net result of €-12k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-05-2024, 61 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d early
2022
19 d late
2021
101 d late
2020
60 d late
2019
102 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2023, micro schema
Turnover
€305k
EBIT margin
-3.3%
Net result
€-12k
2022 · €18k
2018: €-14k
2019: €3k
2020: €41k
2021: €24k
2022: €18k
2018 → 2023
Working capital
€67k▲ 15.6%
2022 · €58k
2018: €-8k
2019: €-13k
2020: €24k
2021: €47k
2022: €58k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-3k-€37k€62k▲ 65.5%€79k▲ 28.7%€67k▼ 15.4%
Operating result€4k-€41k▲ 866%€41k▲ 1.5%€22k▼ 45.9%€-12k
Net result€3k-€41k▲ 1,368%€24k▼ 39.9%€18k▼ 27.4%€-12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €12k after €22k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €80k
Equity
€67k ▼ 15.4%
Debt
€13k ▼ 57.7%
Debt's share of the balance-sheet total falls from 28.5% to 16.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-6k▼
2022 · €33k
Cash flow
€-7k▼
2022 · €29k
Current ratio
6.02▲
2022 · 2.84
Debt to equity
0.20▼
2022 · 0.40
ROE
-18.3%▼
2022 · 22.3%
ROA
-15.2%▼
2022 · 16.0%
Interest coverage
-28.38▼
2022 · 181.36
Debt ≤ 1 year
€13k▼
2022 · €32k
Staff costs
€9k▼
2022 · €37k
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 · 2023 against 2022 · 37 lines
Balance sheet
Code20222023
Assets
Total assets20/58€111k€80k▼
Fixed assets21/28€21k-
Tangible fixed assets22/27€21k-
Furniture and vehicles24€21k-
Current assets29/58€90k€80k▼
Amounts receivable within one year40/41€61k€68k▲
Trade receivables40€29k€37k▲
Other amounts receivable41€31k€31k▼
Cash at bank and in hand54/58€29k€13k▼
Equity and liabilities
Total equity and liabilities10/49€111k€80k▼
Equity10/15€79k€67k▼
Contributions10/11€7k€7k=
Profit (loss) carried forward14€72k€60k▼
Amounts payable17/49€32k€13k▼
Amounts payable within one year42/48€32k€13k▼
Trade debts44€13k€13k▼
Suppliers440/4€13k€13k▼
Taxes, remuneration and social security45€18k€66▼
Taxes450/3€8k€66▼
Remuneration and social security454/9€10k-
Income statement
Code20222023
Goods, raw materials, services and sundry goods60/61€197k€46k▼
Remuneration, social security and pensions62€37k€9k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€6k▼
Other operating charges640/8€922-
Non-recurring operating charges66A€3k€2k▼
Gross operating margin9900€75k€4k▼
Operating profit (loss)9901€22k€-12k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€183€228▲
Recurring financial charges65€183€228▲
Profit (loss) for the period before taxes9903€22k€-12k▼
Income taxes67/77€4k-
Profit (loss) for the period9904€18k€-12k▼
Profit (loss) for the period to be appropriated9905€18k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€72k€60k▼
Profit (loss) brought forward from the previous period14P€54k€72k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · RS PROJECT BV KEIZERS- LAAN 10, 1000 BRUSSEL · event 23-09-2025
13-06
KBO administration
Address struck
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 6.02
Current ratio from 2.84 to 6.02; short-term debt falls from €32k to €13k.
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 19 days late
2022
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 101 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Highest result since 2018net €41k ▲1368%
Net result €41k, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 2.61
Current ratio from 0.65 to 2.61; short-term debt falls from €37k to €15k.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 76 days late
SignalFinancial 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.
Have them read with priority
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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, Brussel · 1 establishment unit since 2017
Ground area
670 m²
Building footprint
488 m²
Volume, LiDAR
11,099 m³
Parcel 21808H1778/00D000, Brussels · tallest building 27.7 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
RS DRINKS
since 20172.260.917.966
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1778/00D000 | Brussels | 670 m² | 1 · 488 m² | 27.7 m · 8 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SVEN DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
23-09-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-01-2017
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:[email protected]