Summary
RSH 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 €111k and a net result of €15k. Equity is growing by ~31.2% per year across the filed fiscal years. Its solvency ranks better than 29% of 8048 sector peers (fiscal year 2025). The company has been active since 2019 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.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 7 filingsDeviation from the deadline
2025
25 d late
2024
28 d late
2023
28 d late
2022
28 d late
2021
31 d late
2020
27 d late
2019
38 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€111k▲ 15.9%
2024 · €96k
Net result
€15k▼ 10.6%
2024 · €17k
Total assets
€436k▲ 4.1%
2024 · €419k
Solvency
25.5%▲ 2.6pp
2024 · 22.9%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€28k▲ 63.6%€28k▼ 0.1%€27k▼ 3.2%€24k▼ 13.9%€23k▼ 1.4%
Net result€21k▲ 54.9%€20k▼ 2.3%€20k▼ 3.4%€17k▼ 13.7%€15k▼ 10.6%
Equity€39k▲ 118%€59k▲ 52.9%€79k▲ 33.5%€96k▲ 21.6%€111k▲ 15.9%
Total assets€363k▲ 9.9%€424k▲ 16.7%€411k▼ 3.2%€419k▲ 2.1%€436k▲ 4.1%
Debt€325k▲ 3.8%€365k▲ 12.4%€332k▼ 9.1%€323k▼ 2.5%€325k▲ 0.5%
Working capital€-261k▲ 7.4%€-240k▲ 8.0%€-221k▲ 8.1%€-204k▲ 7.7%€-188k▲ 7.5%
Solvency10.6%▲ 5.3pp13.9%▲ 3.3pp19.2%▲ 5.3pp22.9%▲ 3.7pp25.5%▲ 2.6pp
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 1% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €436k
Fixed assets
€300k =
Current assets
€137k ▲ 14.3%
Equity and liabilities €436k
Equity
€111k ▲ 15.9%
Debt
€325k ▲ 0.5%
Debt's share of the balance-sheet total falls from 77.1% to 74.5%. Equity and debt are higher.
Key figures and ratios
ROE
13.7%▼
2024 · 17.8%
ROA
3.5%▼
2024 · 4.1%
Debt ≤ 1 year
€325k▲
2024 · €323k
Income taxes
€7k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €124 | €62 | €62 | €62 | €462 | ▲ 645% |
| Gross operating margin9900 | €28k | €28k | €27k | €24k | €24k | ▲ 0.2% |
| Operating profit (loss)9901 | €28k | €28k | €27k | €24k | €23k | ▼ 1.4% |
| Financial income75/76B | €151 | €243 | €246 | €38 | - | - |
| Recurring financial income75 | €151 | €243 | €246 | €38 | - | - |
| Financial charges65/66B | €577 | €640 | €661 | €730 | €705 | ▼ 3.4% |
| Recurring financial charges65 | €577 | €640 | €661 | €730 | €705 | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | €28k | €28k | €27k | €23k | €23k | ▼ 1.5% |
| Income taxes67/77 | €7k | €7k | €7k | €6k | €7k | ▲ 25.0% |
| Profit (loss) for the period9904 | €21k | €20k | €20k | €17k | €15k | ▼ 10.6% |
| Profit (loss) for the period to be appropriated9905 | €21k | €20k | €20k | €17k | €15k | ▼ 10.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €363k | €424k | €411k | €419k | €436k | ▲ 4.1% |
| Fixed assets21/28 | €300k | €300k | €300k | €300k | €300k | = |
| Financial fixed assets28 | €300k | €300k | €300k | €300k | €300k | = |
| Current assets29/58 | €64k | €124k | €111k | €120k | €137k | ▲ 14.3% |
| Amounts receivable within one year40/41 | €11k | €70k | €48k | €89k | €6k | ▼ 93.4% |
| Trade receivables40 | €11k | €36k | €48k | €88k | €4k | ▼ 95.2% |
| Other amounts receivable41 | - | €35k | €61 | €1k | €2k | ▲ 31.4% |
| Cash at bank and in hand54/58 | €52k | €54k | €63k | €31k | €130k | ▲ 325% |
| Deferred charges and accrued income490/1 | - | - | - | - | €580 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €363k | €424k | €411k | €419k | €436k | ▲ 4.1% |
| Equity10/15 | €39k | €59k | €79k | €96k | €111k | ▲ 15.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Outside capital11 | €6k | - | €6k | - | - | - |
| Other1109/19 | €6k | - | €6k | - | - | - |
| Reserves13 | €32k | €53k | €73k | €90k | €105k | ▲ 17.0% |
| Distributable reserves133 | €32k | €53k | €73k | €90k | €105k | ▲ 17.0% |
| Amounts payable17/49 | €325k | €365k | €332k | €323k | €325k | ▲ 0.5% |
| Amounts payable within one year42/48 | €325k | €365k | €332k | €323k | €325k | ▲ 0.5% |
| Trade debts44 | - | €316 | €63 | €3k | €6k | ▲ 114% |
| Suppliers440/4 | - | €316 | €63 | €3k | €6k | ▲ 114% |
| Taxes, remuneration and social security45 | €12k | €17k | €19k | €9k | €3k | ▼ 65.4% |
| Taxes450/3 | €12k | €17k | €19k | €9k | €3k | ▼ 65.4% |
| Other amounts payable47/48 | €312k | €347k | €312k | €312k | €316k | ▲ 1.3% |
| Accrued charges and deferred income492/3 | - | €348 | - | - | €0 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €20k | €20k | €17k | €15k | ▼ 10.6% |
| Operating cash flow (approximation) | €21k | €20k | €20k | €17k | €15k | ▼ 10.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2k | €9k | €-32k | €100k | ▲ 408% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Equity above €100kEq €111k ▲15.9%
6 profitable years in a row build equity to €111k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2019net €21k ▲54.9%
Operating result €28k, net result €21k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 38 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Herk-de-Stad · 1 establishment unit since 2019
Ground area
1,218 m²
Building footprint
164 m²
Volume, LiDAR
1,026 m³
Parcel 71012A0196/00D000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RSH
since 20192.285.961.683
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71012A0196/00D000 | Flanders | 1,218 m² | 1 · 164 m² | 8.1 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 24,730 companies in sector 64210 we hold annual accounts for 19,772. 12,582 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
Founded21-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
Contact
E-mail
roeland.schots@awbschots.euHerk-de-Stad
Scores and ratios are computed by Checked and are not a credit decision.