RT-STAL
ActiveSummary
RT-STAL has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €581,416 and a net result of €107,437. Equity is growing by ~76.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▼-19
Solvency76▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.32 against 2.74 in 2023; short-term debt: 17.6% and cash: 1.1% of total assets), and 48.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-10-2025, 90 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
90 d late
2023
216 d late
2022
212 d late
2021
121 d late
2020
53 d late
2019
188 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 147 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€107,437▼ 59.7%
2023 · €266,392
Working capital
€463,237▲ 22.6%
2023 · €377,932
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€31,126▼ 9.9%€80,447▲ 158%€106,256▲ 32.1%€369,055▲ 247%€161,603▼ 56.2%
Net result€25,540within the sector's middle half▼ 7.5%€55,385above the sector's middle half▲ 117%€79,906above the sector's middle half▲ 44.3%€266,392above the sector's middle half▲ 233%€107,437above the sector's middle half▼ 59.7%
Equity€72,296within the sector's middle half▲ 54.6%€127,682above the sector's middle half▲ 76.6%€207,588above the sector's middle half▲ 62.6%€473,980above the sector's middle half▲ 128%€581,416above the sector's middle half▲ 22.7%
Total assets€107,369below the sector's middle half▲ 29.4%€190,275within the sector's middle half▲ 77.2%€784,435above the sector's middle half▲ 312%€1.1mabove the sector's middle half▲ 37.4%€1.1mabove the sector's middle half▲ 5.5%
Debt€35,072▼ 3.1%€62,594▲ 78.5%€576,848▲ 822%€603,987▲ 4.7%€556,126▼ 7.9%
Working capital€54,000within the sector's middle half▲ 27.1%€113,448above the sector's middle half▲ 110%€86,792above the sector's middle half▼ 23.5%€377,932above the sector's middle half▲ 335%€463,237above the sector's middle half▲ 22.6%
Solvency67.3%above the sector's middle half▲ 11.0pp67.1%above the sector's middle half▼ 0.2pp26.5%within the sector's middle half▼ 40.6pp44.0%within the sector's middle half▲ 17.5pp51.1%within the sector's middle half▲ 7.1pp
Current ratio2.54above the sector's middle half▲ 0.372.87above the sector's middle half▲ 0.331.46within the sector's middle half▼ 1.412.74above the sector's middle half▲ 1.283.32above the sector's middle half▲ 0.58
Return on assets (ROA)23.8%above the sector's middle half▼ 9.5pp29.1%above the sector's middle half▲ 5.3pp10.2%within the sector's middle half▼ 18.9pp24.7%above the sector's middle half▲ 14.5pp9.4%within the sector's middle half▼ 15.3pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 56% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€473,273 ▼ 1.7%
Current assets
€663,089 ▲ 11.4%
Equity and liabilities €1.1m
Equity
€581,416 ▲ 22.7%
Debt
€556,126 ▼ 7.9%
Debt's share of the balance-sheet total falls from 56.0% to 48.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€191,044▼
2023 · €397,986
Cash flow
€136,877▼
2023 · €295,323
Quick ratio
3.18▲
2023 · 2.46
Debt to equity
0.96▼
2023 · 1.27
ROE
18.5%▼
2023 · 56.2%
Interest coverage
15.08▼
2023 · 28.70
Debt ≤ 1 year
€199,852▼
2023 · €217,163
Debt > 1 year
€356,275▼
2023 · €386,825
Income taxes
€41,495▼
2023 · €88,797
Staff costs
€73,927▲
2023 · €56,578
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,778 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,778 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €56,578 | €73,927 | ▲ 30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,400 | €4,118 | €29,295 | €28,931 | €29,440 | ▲ 1.8% |
| Other operating charges640/8 | - | €348 | €316 | €1,133 | €8,849 | ▲ 681% |
| Non-recurring operating charges66A | - | - | - | €3,282 | - | - |
| Gross operating margin9900 | €33,986 | €84,913 | €135,867 | €458,979 | €273,820 | ▼ 40.3% |
| Operating profit (loss)9901 | €31,126 | €80,447 | €106,256 | €369,055 | €161,603 | ▼ 56.2% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €600 | €11,550 | €13,866 | €12,672 | ▼ 8.6% |
| Recurring financial charges65 | €0 | €600 | €11,550 | €13,866 | €12,672 | ▼ 8.6% |
| Profit (loss) for the period before taxes9903 | €31,126 | €79,847 | €94,706 | €355,189 | €148,932 | ▼ 58.1% |
| Income taxes67/77 | €5,586 | €24,462 | €14,800 | €88,797 | €41,495 | ▼ 53.3% |
| Profit (loss) for the period9904 | €25,540 | €55,385 | €79,906 | €266,392 | €107,437 | ▼ 59.7% |
| Profit (loss) for the period to be appropriated9905 | €25,540 | €55,385 | €79,906 | €266,392 | €107,437 | ▼ 59.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107,369 | €190,275 | €784,435 | €1.1m | €1.1m | ▲ 5.5% |
| Formation expenses20 | €1,180 | €1,180 | €1,180 | €1,180 | €1,180 | = |
| Fixed assets21/28 | €17,117 | €15,057 | €508,759 | €481,692 | €473,273 | ▼ 1.7% |
| Tangible fixed assets22/27 | €17,117 | €15,002 | €508,704 | €481,263 | €472,845 | ▼ 1.7% |
| Land and buildings22 | - | - | €499,613 | €473,363 | €447,113 | ▼ 5.5% |
| Plant, machinery and equipment23 | - | €1,925 | €257 | €741 | €15,508 | ▲ 1,992% |
| Furniture and vehicles24 | - | €2,231 | - | - | €4,127 | - |
| Other tangible fixed assets26 | - | €10,846 | €8,834 | €7,159 | €6,096 | ▼ 14.8% |
| Financial fixed assets28 | - | €55 | €55 | €429 | €429 | = |
| Current assets29/58 | €89,072 | €174,038 | €274,496 | €595,095 | €663,089 | ▲ 11.4% |
| Amounts receivable after more than one year29 | - | - | - | €518,875 | €502,375 | ▼ 3.2% |
| Other amounts receivable291 | - | - | - | €518,875 | €502,375 | ▼ 3.2% |
| Stocks and contracts in progress3 | €27,820 | €22,714 | €26,500 | €60,410 | €27,549 | ▼ 54.4% |
| Stocks30/36 | - | €22,714 | €26,500 | €60,410 | €27,549 | ▼ 54.4% |
| Amounts receivable within one year40/41 | €47,263 | €144,889 | €246,549 | €12,408 | €120,897 | ▲ 874% |
| Trade receivables40 | - | - | €2,722 | - | €555 | - |
| Other amounts receivable41 | - | €144,889 | €243,827 | €12,408 | €120,342 | ▲ 870% |
| Cash at bank and in hand54/58 | €13,989 | €6,436 | €1,448 | €3,402 | €12,268 | ▲ 261% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107,369 | €190,275 | €784,435 | €1.1m | €1.1m | ▲ 5.5% |
| Equity10/15 | €72,296 | €127,682 | €207,588 | €473,980 | €581,416 | ▲ 22.7% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €55 | €45,055 | €201,388 | €467,780 | €467,780 | = |
| Non-distributable reserves130/1 | - | €55 | €55 | €55 | €55 | = |
| Reserves not available under the articles1311 | - | - | - | - | €55 | - |
| Other1319 | - | €55 | €55 | €55 | - | - |
| Distributable reserves133 | - | €45,000 | €201,333 | €467,725 | €467,725 | = |
| Profit (loss) carried forward14 | €66,042 | €76,427 | - | - | €107,437 | - |
| Amounts payable17/49 | €35,072 | €62,594 | €576,848 | €603,987 | €556,126 | ▼ 7.9% |
| Amounts payable after more than one year17 | - | - | €389,143 | €386,825 | €356,275 | ▼ 7.9% |
| Financial debts170/4 | - | - | €389,143 | €386,825 | €356,275 | ▼ 7.9% |
| Amounts payable within one year42/48 | €35,072 | €60,590 | €187,704 | €217,163 | €199,852 | ▼ 8.0% |
| Current portion of amounts payable after more than one year42 | - | - | €18,613 | €33,549 | €32,934 | ▼ 1.8% |
| Financial debts43 | - | - | €6,873 | €49,275 | - | - |
| Credit institutions430/8 | - | - | €6,873 | €49,275 | - | - |
| Trade debts44 | €14,164 | €10,259 | €90,541 | - | €42,783 | - |
| Suppliers440/4 | - | €10,259 | €90,541 | - | €42,783 | - |
| Taxes, remuneration and social security45 | - | €50,331 | €65,860 | €134,339 | €124,135 | ▼ 7.6% |
| Taxes450/3 | - | €46,511 | €65,860 | €124,158 | €106,130 | ▼ 14.5% |
| Remuneration and social security454/9 | - | €3,820 | - | €10,181 | €18,004 | ▲ 76.8% |
| Other amounts payable47/48 | - | - | €5,817 | - | - | - |
| Accrued charges and deferred income492/3 | - | €2,003 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,540 | €55,385 | €79,906 | €266,392 | €107,437 | ▼ 59.7% |
| + Depreciation and write-downs630 | €2,400 | €4,118 | €29,295 | €28,931 | €29,440 | ▲ 1.8% |
| Operating cash flow (approximation) | €27,940 | €59,503 | €109,201 | €295,323 | €136,877 | ▼ 53.7% |
| Investment in fixed assets (approximation) | - | -€2,058 | -€522,997 | -€1,864 | -€21,022 | ▼ 1,028% |
| Change in cash | - | -€7,553 | -€4,988 | €1,955 | €8,866 | ▲ 354% |
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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 90 days late
04-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 216 days late
2024
31-12
Financial
Equity above €500,000Eq €581,416 ▲22.7%
7 profitable years in a row build equity to €581,416.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 212 days late
2023
31-12
Financial
Highest result since 2018net €266,392 ▲233%
Operating result €369,055, net result €266,392, both a record.
2022
31-12
Financial
Equity above €200,000Eq €207,588 ▲62.6%
5 profitable years in a row build equity to €207,588.
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 121 days late
2021
31-12
Financial
Equity above €100,000Eq €127,682 ▲76.6%
4 profitable years in a row build equity to €127,682.
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 53 days late
04-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 188 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 415 days late
10-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 619 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Jans-Molenbeek · 1 establishment unit since 2016
Ground area
281 m²
Building footprint
128 m²
Volume, LiDAR
1,597 m³
Parcel 21526D0288/00V003, Brussels · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Gentsesteenweg 440, 1080 Sint-Jans-Molenbeek
since 20162.259.086.250
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0288/00V003 | Brussels | 281 m² | 1 · 128 m² | 18.6 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Jans-Molenbeek2.259.086.250
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,854. 2,954 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
Founded06-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0663912243
Registered
23-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.