RTCAM
Annual accounts 2025
abbreviated format, filed on 31-07-2026, on the day of the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €37.3m on 31-12-2025in €m
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
37.3m | 37.3m | 35.5m | 35.2m | 34.0m | 33.7m | 33.4m | 33.3m | 33.2m | 33.0m | 4.4m | 4.3m | 4.3m | 4.2m | |
21/28 |
31.9m | 31.8m | 30.4m | 28.0m | 26.8m | 26.7m | 25.2m | - | - | 187,678 | 2.0m | 2.0m | 2.0m | 2.0m | |
28 |
31.9m | 31.8m | 30.4m | 28.0m | 26.8m | 26.7m | 25.2m | - | - | 187,678 | 2.0m | 2.0m | 2.0m | 2.0m | |
29/58 |
5.4m | 5.4m | 5.1m | 7.2m | 7.2m | 7.1m | 8.1m | 33.3m | 33.2m | 32.8m | 2.4m | 2.3m | 2.2m | 2.2m | |
40/41 |
3.1m | 3.1m | 3.1m | 3.2m | 2.8m | 2.7m | 2.7m | 21.7m | 18.1m | 12.5m | - | - | - | - | |
40 |
- | - | - | - | - | - | - | 1,000 | 1,000 | - | - | - | - | - | |
41 |
3.1m | 3.1m | 3.1m | 3.2m | 2.8m | 2.7m | 2.7m | 21.7m | 18.1m | 12.5m | - | - | - | - | |
50/53 |
2.1m | 2.2m | 2.0m | 3.8m | 4.4m | 4.0m | 3.9m | 11.2m | 12.2m | 1,657 | 2.3m | 2.2m | 2.1m | 2.1m | |
54/58 |
147,580 | 162,559 | 7,221 | 183,331 | 107,863 | 340,643 | 1.6m | 220,310 | 2.8m | 20.3m | 6,327 | 274 | 68,854 | 3,538 | |
490/1 |
- | - | - | - | - | - | 2,437 | 130,008 | 65,589 | - | 91,963 | 88,130 | 81,286 | 98,246 | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
37.3m | 37.3m | 35.5m | 35.2m | 34.0m | 33.7m | 33.4m | 33.3m | 33.2m | 33.0m | 4.4m | 4.3m | 4.3m | 4.2m | |
10/15 |
36.0m | 35.8m | 34.6m | 35.0m | 33.8m | 33.6m | 33.3m | 33.2m | 32.8m | 32.6m | 4.4m | 4.3m | 158,359 | 106,516 | |
10/11 |
11.9m | 11.9m | 11.9m | 11.9m | 11.9m | 11.9m | 11.9m | 11.9m | 11.9m | 11.9m | 4.1m | 4.1m | 50,000 | 50,000 | |
100 |
- | - | - | - | - | - | 11.9m | 11.9m | 11.9m | 11.9m | 4.1m | 4.1m | 50,000 | 50,000 | |
13 |
1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.0m | 11,300 | 7,600 | 5,000 | 5,000 | |
130/1 |
- | - | - | 1.1m | 1.1m | 1.1m | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1.1m | 1.1m | 1.1m | 1.0m | 11,300 | 7,600 | 5,000 | 5,000 | |
1311 |
- | - | - | 1.1m | 1.1m | 1.1m | - | - | - | - | - | - | - | - | |
133 |
1.1m | 1.1m | 1.1m | - | - | - | - | - | - | - | - | - | - | - | |
14 |
23.0m | 22.8m | 21.6m | 22.0m | 20.8m | 20.6m | 20.3m | 20.2m | 19.8m | 19.6m | 221,242 | 151,266 | 103,359 | 51,516 | |
17/49 |
1.3m | 1.4m | 938,634 | 180,945 | 164,628 | 167,100 | 114,070 | 131,941 | 359,793 | 397,291 | 83,782 | 59,442 | 4.1m | 4.1m | |
17 |
715,000 | 715,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
178/9 |
715,000 | 715,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
484,776 | 677,883 | 938,634 | 180,945 | 164,628 | 167,100 | 114,070 | 86,637 | 359,793 | 397,290 | 83,771 | 59,431 | 4.1m | 4.1m | |
44 |
2,723 | 6,422 | 5,424 | 5,750 | 7,106 | 3,925 | 4,160 | 3,038 | 3,825 | 28,039 | 1,888 | 3,339 | 1,969 | 3,049 | |
440/4 |
2,723 | 6,422 | 5,424 | 5,750 | 7,106 | 3,925 | 4,160 | 3,038 | 3,825 | 28,039 | 1,888 | 3,339 | 1,969 | 3,049 | |
45 |
479,233 | 668,640 | 248,611 | 92,595 | 74,923 | 80,575 | 27,311 | - | 272,369 | 285,866 | 13,497 | 52,706 | 26,683 | 29,063 | |
450/3 |
479,233 | 668,640 | 248,611 | 92,595 | 74,923 | 80,575 | 27,311 | - | 272,369 | 285,866 | 13,497 | 52,706 | 26,683 | 29,063 | |
47/48 |
2,820 | 2,820 | 684,600 | 82,600 | 82,600 | 82,600 | 82,600 | 83,600 | 83,600 | 83,386 | 68,386 | 3,386 | 4.1m | 4.1m | |
492/3 |
107,321 | 56,699 | - | - | - | - | - | 45,304 | - | 0 | 11 | 11 | 1 | - | |
| Income statement | |||||||||||||||
76A |
- | - | - | - | - | - | - | - | 25,619 | - | - | - | - | - | |
9900 |
-4,773 | -4,729 | -14,806 | -6,132 | -9,220 | -5,203 | -4,492 | -4,572 | 20,128 | -60,010 | -3,751 | -10,590 | -2,884 | -12,743 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 12,743 | |
640/8 |
998 | 968 | 960 | 868 | 868 | 868 | 868 | 868 | 868 | 868 | 868 | 868 | - | - | |
9901 |
-5,772 | -5,696 | -15,766 | -7,000 | -10,088 | -6,071 | -5,360 | -5,440 | 19,260 | -60,878 | -4,619 | -11,458 | -2,884 | -12,743 | |
75/76B |
332,980 | 1.5m | 1.8m | 1.3m | 405,552 | 403,297 | 211,535 | 452,109 | 223,728 | 23.3m | 91,963 | 88,144 | 81,550 | 98,466 | |
75 |
332,980 | 1.5m | 1.8m | 1.3m | 405,552 | 403,297 | 211,535 | 247,109 | 223,728 | 7,368 | 91,963 | 88,144 | 81,550 | 98,466 | |
76B |
- | - | - | - | - | - | - | 205,000 | - | 23.3m | - | - | - | - | |
65/66B |
105,370 | -211,510 | 1.9m | 140,215 | 19,064 | 15,840 | 75,575 | 44,752 | 21,916 | 2.6m | 170 | 154 | 127 | 106 | |
65 |
105,370 | -211,510 | 1.9m | 140,215 | 19,064 | 15,840 | 75,575 | 44,752 | 21,916 | 377,715 | 170 | 154 | 127 | 106 | |
66B |
- | - | - | - | - | - | - | - | - | 2.2m | - | - | - | - | |
9903 |
221,838 | 1.7m | -163,637 | 1.2m | 376,400 | 381,385 | 130,600 | 401,917 | 221,071 | 20.7m | 87,174 | 76,532 | 78,539 | 85,617 | |
67/77 |
59,203 | 460,030 | 248,860 | 17,673 | 95,378 | 93,265 | 27,311 | 36,747 | -17 | 272,369 | 13,498 | 26,025 | 26,696 | 29,101 | |
9904 |
162,635 | 1.2m | -412,497 | 1.1m | 281,022 | 288,121 | 103,289 | 365,170 | 221,088 | 20.4m | 73,676 | 50,507 | 51,843 | 56,516 | |
9905 |
162,635 | 1.2m | -412,497 | 1.1m | 281,022 | 288,121 | 103,289 | 365,170 | 221,088 | 20.4m | 73,676 | 50,507 | 51,843 | 56,516 | |
| Appropriation of the result | |||||||||||||||
9906 |
23.0m | 22.8m | 21.6m | 22.0m | 20.8m | 20.6m | 20.3m | 20.2m | 19.8m | 20.6m | 224,942 | 153,866 | 103,359 | 56,516 | |
14P |
22.8m | 21.6m | 22.0m | 20.8m | 20.6m | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 20,000 | 11,500 | 1.0m | 3,700 | 2,600 | - | 5,000 | |
6920 |
- | - | - | - | - | - | - | 20,000 | 11,500 | 1.0m | 3,700 | 2,600 | - | 5,000 | |
| Document | |||||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-07-2026 | 2026-00371977 | |
| 31-12-2024 | abbreviated format | 19-12-2025 | 2025-00589088 | |
| 31-12-2023 | abbreviated format | 29-10-2024 | 2024-00524859 | |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00303879 | |
| 31-12-2021 | abbreviated format | 28-10-2022 | 2022-20480527 | |
| 31-12-2020 | abbreviated format | 06-08-2021 | 2021-46900105 | |
| 31-12-2019 | abbreviated format | 27-11-2020 | 2020-72800341 | |
| 31-12-2018 | micro format | 25-10-2019 | 2019-71500214 | |
| 31-12-2017 | micro format | 29-03-2018 | 2018-08400152 | |
| 31-12-2016 | micro format | 25-08-2017 | 2017-48700180 | |
| 31-12-2015 | abbreviated format | 22-04-2016 | 2016-10600156 | |
| 31-12-2014 | abbreviated format | 29-05-2015 | 2015-13800300 | |
| 31-12-2013 | abbreviated format | 25-08-2014 | 2014-45800380 | |
| 31-12-2012 | abbreviated format | 20-08-2013 | 2013-44400017 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 92,190 | 1.5m | 2.4m | 1.2m | 112,300 | 1.4m | 25.2m | - | - | 8.0m | - | - | - | 2.0m | ||
| -14,980 | 155,338 | -176,110 | 75,468 | -232,779 | -1.2m | 1.3m | -2.6m | -17.5m | 20.3m | 6,053 | -68,580 | 65,316 | - | ||
| 4.9m | 4.8m | 4.2m | 7.0m | 7.1m | 6.9m | 8.0m | 33.2m | 32.8m | 32.4m | 2.3m | 2.3m | -1.9m | -1.9m | ||
| 96.5% | 96.1% | 97.4% | 99.5% | 99.5% | 99.5% | 99.7% | 99.6% | 98.9% | 98.8% | 98.1% | 98.6% | 3.7% | 2.5% | ||
| 11.06 | 8.02 | 5.47 | 39.53 | 43.92 | 42.28 | 71.43 | - | 92.16 | 82.53 | 28.75 | 38.88 | 0.54 | 0.53 | ||
| 0.04 | 0.04 | 0.03 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | 0.01 | 25.97 | 38.64 | ||
| 0.5% | 3.5% | -1.2% | 3.3% | 0.8% | 0.9% | 0.3% | 1.1% | 0.7% | 62.7% | 1.7% | 1.2% | 32.7% | 53.1% | ||
| 0.4% | 3.3% | -1.2% | 3.3% | 0.8% | 0.9% | 0.3% | 1.1% | 0.7% | 61.9% | 1.7% | 1.2% | 1.2% | 1.3% | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 87 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | €92,190 | €1.5m | €2.4m | €1.2m | €112,300 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on RTCAM
The operating result for 2025 is a loss of €5,772, larger than the loss of €5,696 in 2024.
Debt's share of the balance-sheet total falls from 3.9% to 3.5%. Equity is higher and debt is lower.