RS Spanplafonds
ActiveSummary
The computed 12-month bankruptcy probability of RS Spanplafonds is 2.9% (moderate). The annual accounts of RS Spanplafonds for fiscal year 2024 show a net loss of 69% of total assets and of 59% of the equity at the start of that year. The 2024 annual accounts show equity of €9,104 and a net result of -€14,168. Equity is shrinking by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 57% of 177 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency69▼-24
Growth32=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.6 against 2.86 in 2023; short-term debt: 56% and cash: 64% of total assets), but 56% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
44%
Return on assets
-68.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year -€14,168
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
36 d early
2024
45 d early
2023
18 d late
2022
42 d early
2021
36 d early
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% 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 25 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€9,104▼ 62.2%
2023 · €24,072
Total assets
€20,670▼ 41.7%
2023 · €35,469
Net result
-€14,168▼ 57.1%
2023 · -€9,019
Working capital
€6,900▼ 67.5%
2023 · €21,227
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, 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
Line20202021202220232024
Operating result€34,357-€4,154▼ 87.9%€7,031▲ 69.3%-€7,969-€13,341▼ 67.4%
Net result€27,272-€1,960within the sector's middle half▼ 92.8%€4,571within the sector's middle half▲ 133%-€9,019below the sector's middle half-€14,168below the sector's middle half▼ 57.1%
Equity€28,960-€30,120within the sector's middle half▲ 4.0%€33,892within the sector's middle half▲ 12.5%€24,072within the sector's middle half▼ 29.0%€9,104within the sector's middle half▼ 62.2%
Total assets€52,723-€46,326below the sector's middle half▼ 12.1%€49,650below the sector's middle half▲ 7.2%€35,469below the sector's middle half▼ 28.6%€20,670below the sector's middle half▼ 41.7%
Debt€23,763-€16,205▼ 31.8%€15,758▼ 2.8%€11,396▼ 27.7%€11,566▲ 1.5%
Working capital€27,901-€29,326within the sector's middle half▲ 5.1%€33,362within the sector's middle half▲ 13.8%€21,227within the sector's middle half▼ 36.4%€6,900within the sector's middle half▼ 67.5%
Solvency54.9%-65.0%above the sector's middle half▲ 10.1pp68.3%above the sector's middle half▲ 3.2pp67.9%above the sector's middle half▼ 0.4pp44.0%within the sector's middle half▼ 23.8pp
Current ratio2.17-2.81above the sector's middle half▲ 0.643.12above the sector's middle half▲ 0.312.86within the sector's middle half▼ 0.251.60within the sector's middle half▼ 1.27
Return on assets (ROA)51.7%-4.2%within the sector's middle half▼ 47.5pp9.2%within the sector's middle half▲ 5.0pp-25.4%below the sector's middle half▼ 34.6pp-68.5%below the sector's middle half▼ 43.1pp
above
within
below
the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13,341 in 2024 against €7,969 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €20,670
Fixed assets
€2,204 ▼ 22.5%
Current assets
€18,465 ▼ 43.4%
Equity and liabilities €20,670
Equity
€9,104 ▼ 62.2%
Debt
€11,566 ▲ 1.5%
Debt's share of the balance-sheet total rises from 32.1% to 56.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€12,117▼
2023 · -€7,436
Cash flow
-€12,944▼
2023 · -€8,486
Quick ratio
1.54▼
2023 · 2.80
Debt to equity
1.27▲
2023 · 0.47
ROE
-155.6%▼
2023 · -37.5%
Interest coverage
-17.33▼
2023 · -8.09
Debt ≤ 1 year
€11,566▲
2023 · €11,396
Income taxes
€128▼
2023 · €132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.9% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,592 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €265 | €265 | €265 | €533 | €1,224 | ▲ 130% |
| Other operating charges640/8 | - | €1,769 | €1,311 | €992 | €1,039 | ▲ 4.8% |
| Gross operating margin9900 | €35,122 | €6,188 | €8,607 | -€6,445 | -€11,078 | ▼ 71.9% |
| Operating profit (loss)9901 | €34,357 | €4,154 | €7,031 | -€7,969 | -€13,341 | ▼ 67.4% |
| Recurring financial income75 | €97 | - | - | - | - | - |
| Financial charges65/66B | - | €1,484 | €1,080 | €919 | €699 | ▼ 23.9% |
| Recurring financial charges65 | €540 | €1,484 | €1,080 | €919 | €699 | ▼ 23.9% |
| Profit (loss) for the period before taxes9903 | €33,914 | €2,669 | €5,951 | -€8,888 | -€14,040 | ▼ 58.0% |
| Income taxes67/77 | €6,642 | €709 | €1,380 | €132 | €128 | ▼ 2.7% |
| Profit (loss) for the period9904 | €27,272 | €1,960 | €4,571 | -€9,019 | -€14,168 | ▼ 57.1% |
| Profit (loss) for the period to be appropriated9905 | €27,272 | €1,960 | €4,571 | -€9,019 | -€14,168 | ▼ 57.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €52,723 | €46,326 | €49,650 | €35,469 | €20,670 | ▼ 41.7% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €1,059 | €794 | €529 | €2,846 | €2,204 | ▼ 22.5% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1,059 | €794 | €529 | €2,846 | €2,204 | ▼ 22.5% |
| Plant, machinery and equipment23 | - | €794 | €529 | €265 | - | - |
| Furniture and vehicles24 | - | - | - | €2,581 | €2,204 | ▼ 14.6% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €51,664 | €45,531 | €49,120 | €32,623 | €18,465 | ▼ 43.4% |
| Stocks and contracts in progress3 | €0 | - | - | €750 | €600 | ▼ 20.0% |
| Stocks30/36 | - | - | - | €750 | €600 | ▼ 20.0% |
| Amounts receivable within one year40/41 | €7,112 | €1,399 | €4,777 | €1,399 | €593 | ▼ 57.6% |
| Trade receivables40 | - | €1,399 | €2,656 | €1,399 | €471 | ▼ 66.3% |
| Other amounts receivable41 | - | - | €2,120 | - | €122 | - |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €43,390 | €42,781 | €42,051 | €27,931 | €13,234 | ▼ 52.6% |
| Deferred charges and accrued income490/1 | - | €1,351 | €2,293 | €2,542 | €4,038 | ▲ 58.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €52,723 | €46,326 | €49,650 | €35,469 | €20,670 | ▼ 41.7% |
| Equity10/15 | €28,960 | €30,120 | €33,892 | €24,072 | €9,104 | ▼ 62.2% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €26,460 | €27,620 | €31,392 | €21,572 | €6,604 | ▼ 69.4% |
| Distributable reserves133 | - | €27,620 | €31,392 | €21,572 | €6,604 | ▼ 69.4% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €23,763 | €16,205 | €15,758 | €11,396 | €11,566 | ▲ 1.5% |
| Amounts payable within one year42/48 | €23,763 | €16,205 | €15,758 | €11,396 | €11,566 | ▲ 1.5% |
| Trade debts44 | €5,344 | €2,012 | €5,656 | €2,628 | €4,943 | ▲ 88.1% |
| Suppliers440/4 | - | €2,012 | €5,656 | €2,628 | €4,943 | ▲ 88.1% |
| Taxes, remuneration and social security45 | - | €8,521 | €2,311 | €1,282 | €1,240 | ▼ 3.3% |
| Taxes450/3 | - | €8,521 | €2,311 | €1,282 | €1,240 | ▼ 3.3% |
| Other amounts payable47/48 | - | €5,673 | €7,791 | €7,487 | €5,383 | ▼ 28.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,272 | €1,960 | €4,571 | -€9,019 | -€14,168 | ▼ 57.1% |
| + Depreciation and write-downs630 | €265 | €265 | €265 | €533 | €1,224 | ▲ 130% |
| Operating cash flow (approximation) | €27,537 | €2,225 | €4,836 | -€8,486 | -€12,944 | ▼ 52.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,849 | -€583 | ▲ 79.5% |
| Change in cash | - | -€609 | -€730 | -€14,120 | -€14,697 | ▼ 4.1% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€14,168
Net result drops to -€14,168, the lowest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 18 days late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Maasmechelen · 1 establishment unit since 2020
Ground area
455 m²
Building footprint
97 m²
Volume, LiDAR
622 m³
Parcel 73050B0263/00D000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RS Spanplafonds
since 20202.298.676.306
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73050B0263/00D000 | Flanders | 455 m² | 1 · 97 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 371 companies in sector 22210 we hold annual accounts for 294. 46 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
22210Manufacture of rubber and plastic products
16230Manufacture of other builders' carpentry and joinery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0742776114
Also
9925:BE0742776114
Registered
19-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.