RS Retail Division Belgium
Bankruptcy closedRS Retail Division Belgium was declared bankrupt on 16-05-2023 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed for insufficient assets by judgment of 12-05-2026, published in the Belgian State Gazette on 22-05-2026.
No longer registered with the KBO since 12-05-2026; last annual accounts for fiscal year 2022.
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 31-07-2022 was due by 28-02-2023 and was filed on 28-02-2023, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
on the day
2021
on the day
2020
on the day
2019
5 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, abbreviated schema
Equity
€-92k▼ 110%
2021 · €-44k
2019: €-9k
2020: €-1k
2021: €-44k
2019 → 2022
Total assets
€414k▲ 88.5%
2021 · €219k
2019: €108k
2020: €161k
2021: €219k
2019 → 2022
Net result
€-48k▼ 14.0%
2021 · €-42k
2019: €22k
2020: €8k
2021: €-42k
2019 → 2022
Working capital
€-21k▼ 237%
2021 · €-6k
2019: €39k
2020: €35k
2021: €-6k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€-9k-€-1k▲ 84.6%€-44k▼ 3,065%€-92k▼ 110%
Operating result€30k-€14k▼ 51.2%€-38k€-39k▼ 1.9%
Net result€22k-€8k▼ 65.6%€-42k€-48k▼ 14.0%
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 €39k in 2022 against €38k in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €414k
Fixed assets
€34k▼ 46.8%
Current assets
€379k▲ 145%
Key figures and ratios
EBITDA
€-28k▼
2021 · €-24k
Cash flow
€-37k▼
2021 · €-27k
Solvency
-22.2%▼
2021 · -19.9%
Current ratio
0.95▼
2021 · 0.96
Quick ratio
0.94▼
2021 · 0.95
Debt / equity
-5.51▼
2021 · -2.33
ROA
-11.6%▲
2021 · -19.3%
Interest coverage
-2.96
Debt
€505k▲
2021 · €263k
Debt ≤ 1 year
€401k▲
2021 · €161k
Debt > 1 year
€105k▲
2021 · €102k
Income taxes
€255▲
2021 · €192
Staff costs
€208k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€219k€414k▲
Fixed assets21/28€64k€34k▼
Tangible fixed assets22/27€61k€31k▼
Plant, machinery and equipment23-€7k
Furniture and vehicles24-€23k
Financial fixed assets28€4k€4k=
Current assets29/58€155k€379k▲
Stocks and contracts in progress3€2k€3k▲
Stocks30/36-€3k
Amounts receivable within one year40/41€144k€370k▲
Trade receivables40-€355k
Other amounts receivable41-€15k
Cash at bank and in hand54/58€9k€4k▼
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€219k€414k▲
Equity10/15€-44k€-92k▼
Contributions10/11-€20k
Profit (loss) carried forward14€-64k€-112k▼
Amounts payable17/49€263k€505k▲
Amounts payable after more than one year17€102k€105k▲
Financial debts170/4-€105k
Amounts payable within one year42/48€161k€401k▲
Current portion of amounts payable after more than one year42-€11k
Trade debts44€66k€320k▲
Suppliers440/4-€320k
Taxes, remuneration and social security45-€69k
Taxes450/3-€38k
Remuneration and social security454/9-€31k
Income statement
Code20212022
Non-recurring operating income76A-€826
Remuneration, social security and pensions62-€208k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€11k▼
Other operating charges640/8-€669
Non-recurring operating charges66A-€13k
Gross operating margin9900€139k€193k▲
Operating profit (loss)9901€-38k€-39k▼
Financial income75/76B-€690
Recurring financial income75€167€690▲
Financial charges65/66B-€9k
Recurring financial charges65€4k€9k▲
Profit (loss) for the period before taxes9903€-42k€-48k▼
Income taxes67/77€192€255▲
Profit (loss) for the period9904€-42k€-48k▼
Profit (loss) for the period to be appropriated9905€-42k€-48k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-112k
Profit (loss) brought forward from the previous period14P-€-64k
Social balance
Average headcount (FTE)9087-3.0
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
22-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Kortrijk · RS RETAIL DIVISION BELGIUM BV NOORDLAAN 29 BUS 14, 8520 KUURNE · event 12-05-2026
2023
24-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · RS RETAIL DIVISION BELGIUM BV NOORDLAAN 26 BUS 14, 8520 KUURNE · event 16-05-2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-07
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
2016
25-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
19-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
27-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Kuurne
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.
Noordlaan 298520 KuurneGround area
1.8 ha
Building footprint
4,781 m²
Volume, LiDAR
30,504 m³
Parcel 34023A0316/00D002, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023A0316/00D002 | Flanders | 1.8 ha | 1 · 4,781 m² | 8.3 m · 2 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 | Carmen MATTHIJS OUDE IEPERSTRAAT 4,
8560 WEVELGEM |
16-05-2023 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-02-2012
Fiscal year end31-07
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.