RST
ActiveRST has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68k and a net result of €2k. Equity is shrinking by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 69% of 27407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
91
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▲+5
Solvency91▼-9
Growth32=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 2.55 in 2024), and 35.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64.6%
Return on assets
2.1%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-02-2026, 13 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 · 10 filingsDeviation from the deadline
2025
13 d late
2024
10 d late
2023
20 d late
2022
8 d late
2021
1 d early
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€68k▼ 24.5%
2024 · €90k
2019: €98k
2020: €120k
2021: €121k
2022: €112k
2023: €105k
2024: €90k
2019 → 2025
Total assets
€105k▼ 19.5%
2024 · €131k
2019: €201k
2020: €195k
2021: €183k
2022: €162k
2023: €145k
2024: €131k
2019 → 2025
Net result
€2k▲ 8.6%
2024 · €2k
2019: €25k
2020: €22k
2021: €4k
2022: €-4k
2023: €-1k
2024: €2k
2019 → 2025
Working capital
€23k▼ 47.7%
2024 · €44k
2019: €27k
2020: €17k
2021: €38k
2022: €47k
2023: €55k
2024: €44k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€121k-€112k▼ 7.6%€105k▼ 5.9%€90k▼ 14.4%€68k▼ 24.5%
Operating result€9k-€522▼ 94.2%€-1k€5k€6k▲ 21.6%
Net result€4k-€-4k€-1k▲ 65.6%€2k€2k▲ 8.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 22% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105k
Fixed assets
€45k▼ 23.1%
Current assets
€60k▼ 16.6%
Equity and liabilities €105k
Equity
€68k▼ 24.5%
Debt
€37k▼ 8.5%
The debt ratio rises from 31.1% to 35.4%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€20k▼
2024 · €25k
Cash flow
€17k▼
2024 · €22k
Solvency
64.6%▼
2024 · 68.9%
Current ratio
1.62▼
2024 · 2.55
Quick ratio
1.41▼
2024 · 2.25
Debt / equity
0.55▲
2024 · 0.45
ROE
3.2%▲
2024 · 2.3%
ROA
2.1%▲
2024 · 1.6%
Interest coverage
6.82▼
2024 · 10.19
Debt
€37k▼
2024 · €41k
Debt ≤ 1 year
€37k▲
2024 · €28k
Income taxes
€855▲
2024 · €360
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€131k€105k▼
Fixed assets21/28€59k€45k▼
Tangible fixed assets22/27€59k€45k▼
Land and buildings22€49k€41k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€8k€3k▼
Current assets29/58€72k€60k▼
Stocks and contracts in progress3€8k€8k▼
Stocks30/36€8k€8k▼
Amounts receivable within one year40/41€45k€41k▼
Trade receivables40€38k€31k▼
Other amounts receivable41€7k€10k▲
Cash at bank and in hand54/58€18k€10k▼
Deferred charges and accrued income490/1€83€838▲
Equity and liabilities
Total equity and liabilities10/49€131k€105k▼
Equity10/15€90k€68k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€34k€12k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€32k€10k▼
Profit (loss) carried forward14€38k€38k=
Amounts payable17/49€41k€37k▼
Amounts payable after more than one year17€12k-
Financial debts170/4€12k-
Amounts payable within one year42/48€28k€37k▲
Current portion of amounts payable after more than one year42€13k€12k▼
Trade debts44€6k€1k▼
Suppliers440/4€6k€1k▼
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48€8k€22k▲
Income statement
Code20242025
Non-recurring operating income76A€18k-
Goods, raw materials, services and sundry goods60/61€142k€114k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€14k▼
Other operating charges640/8€2k€2k=
Gross operating margin9900€27k€22k▼
Operating profit (loss)9901€5k€6k▲
Financial income75/76B€59€194▲
Recurring financial income75€59€194▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€2k€3k▲
Income taxes67/77€360€855▲
Profit (loss) for the period9904€2k€2k▲
Profit (loss) for the period to be appropriated9905€2k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€40k€40k▲
Profit (loss) brought forward from the previous period14P€38k€38k=
Transfer from equity791/2€17k€24k▲
Transfer to equity691/2€2k€2k▲
To other reserves6921€2k€2k▲
Profit to be distributed694/7€17k€24k▲
Return on contributions (dividend)694€17k€24k▲
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
Next filing, fiscal year 2026, expected by
2026
13-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 10 days late
2024
30-06
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
20-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
08-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
30-06
Financial
Weakest financial yearnet €-4k ▼214%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €100kEq €120k ▲22.6%
2 profitable years in a row build equity to €120k.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brecht · 1 establishment unit since 2007
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.
Oostmalsebaan 512960 BrechtGround area
763 m²
Building footprint
226 m²
Volume, LiDAR
1,007 m³
Parcel 11043D0469/00T000, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RST BVBA
since 20072.158.786.864
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11043D0469/00T000 | Flanders | 763 m² | 1 · 226 m² | 7.1 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrecht2.158.786.864
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MARIS VERWARMING
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Of 6,991 companies in sector 43221 we hold annual accounts for 3,445. 3,013 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2006
Fiscal year end30-06
Activities, NACEBEL
43221Plumbing work
45332
25530Machining of metals
28520
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
45112
45215
52740
68110Buying and selling of own real estate
70120
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.