RSWT Décoration
Open bankruptcySummary
A bankruptcy procedure is open for RSWT Décoration according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-7k) and a net result of €-10k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-7k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
68 d late
2023
30 d late
2022
5 d late
2021
31 d late
2020
84 d late
2019
85 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-7k
2023 · €3k
2019: €5k
2020: €13k
2021: €8k
2022: €21k
2023: €3k
2019 → 2024
Total assets
€47k▼ 23.4%
2023 · €61k
2019: €65k
2020: €73k
2021: €63k
2022: €57k
2023: €61k
2019 → 2024
Net result
€-10k▼ 21.8%
2023 · €-8k
2019: €2k
2020: €8k
2021: €-6k
2022: €13k
2023: €-8k
2019 → 2024
Working capital
€-15k
2023 · €1k
2019: €-12k
2020: €4k
2021: €6k
2022: €16k
2023: €1k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€13k-€8k▼ 41.6%€21k▲ 167%€3k▼ 85.6%€-7k
Operating result€12k-€-3k€18k€-8k€-8k▼ 0.7%
Net result€8k-€-6k€13k€-8k€-10k▼ 21.8%
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 €8k in 2024 against €8k 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 €47k
Fixed assets
€12k ▼ 30.2%
Current assets
€35k ▼ 20.7%
Key figures and ratios
EBITDA
€-3k▼
2023 · €-2k
Cash flow
€-5k▼
2023 · €-2k
Solvency
-15.3%▼
2023 · 4.9%
Current ratio
0.70▼
2023 · 1.03
Debt to equity
-7.52▼
2023 · 19.47
ROA
-21.7%▼
2023 · -13.7%
Interest coverage
-1.09▼
2023 · -0.64
Debt
€54k▼
2023 · €58k
Debt ≤ 1 year
€49k▲
2023 · €42k
Debt > 1 year
€5k▼
2023 · €16k
Staff costs
€309▼
2023 · €3k
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€61k€47k▼
Fixed assets21/28€18k€12k▼
Intangible fixed assets21€13k€8k▼
Tangible fixed assets22/27€923€575▼
Plant, machinery and equipment23€923€575▼
Financial fixed assets28€3k€3k=
Current assets29/58€44k€35k▼
Amounts receivable after more than one year29€30k€26k▼
Other amounts receivable291€30k€26k▼
Amounts receivable within one year40/41€11k€9k▼
Trade receivables40€3k€5k▲
Other amounts receivable41€8k€4k▼
Cash at bank and in hand54/58€2k-
Deferred charges and accrued income490/1€284€74▼
Equity and liabilities
Total equity and liabilities10/49€61k€47k▼
Equity10/15€3k€-7k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€0€-10k▼
Amounts payable17/49€58k€54k▼
Amounts payable after more than one year17€16k€5k▼
Financial debts170/4€16k€5k▼
Amounts payable within one year42/48€42k€49k▲
Current portion of amounts payable after more than one year42€15k€11k▼
Financial debts43€0€10k▲
Credit institutions430/8€0€10k▲
Trade debts44€15k€23k▲
Suppliers440/4€15k€23k▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€10k€3k▼
Income statement
Code20232024
Remuneration, social security and pensions62€3k€309▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€5k▼
Other operating charges640/8€675€729▲
Gross operating margin9900€2k€-2k▼
Operating profit (loss)9901€-8k€-8k▼
Financial income75/76B€2k€671▼
Recurring financial income75€2k€671▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-8k€-10k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-8k€-10k▼
Profit (loss) for the period to be appropriated9905€-8k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-10k▼
Profit (loss) brought forward from the previous period14P€18k-
Profit to be distributed694/7€10k-
Return on contributions (dividend)694€10k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-10
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · RSWT DECORATION SRL CHAUSSEE DE TIRLEMONT 16/15, 5030 GEMBLOUX · event 16-10-2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
05-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 5 days late
2022
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 84 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 1.17
Current ratio from 0.38 to 1.17.
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 85 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gembloux · 1 establishment unit since 2019
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.
Chaussée de Tirlemont 165030 GemblouxGround area
2,363 m²
Building footprint
1,218 m²
Parcel 92053A0242/00V000, Wallonia. Linked by address, not a title deed.
1 establishment unit
RSWT Décoration
since 20192.294.964.867
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92053A0242/00V000 | Wallonia | 2,363 m² | 1 · 1,218 m² | - |
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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JULIEN BUY RUE HENRI LEMAITRE 53, 5000 NAMUR- |
16-10-2025 → present |
| Curator | JEAN-YVES GYSELINX RUE HENRI LEMAITRE 53,
5000 NAMUR |
16-10-2025 → present |
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Of 914 companies in sector 43333 we hold annual accounts for 400. 93 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
43350Other building finishing work
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
2 entriesE-mail:tiegel.walter@gmail.com
Phone:0471811251