RTFM
ActiveSummary
RTFM has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €281,801 and a net result of €150,584. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 64% of 18458 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+38
Solvency75▲+21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 2.65 against 1.36 in 2024; short-term debt: 21% and cash: 32.9% of total assets), and 49.5% of the assets are financed with debt.
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Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
50.5%
Return on assets
27%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
30 d late
2023
on the day
2022
2 d late
2021
31 d late
2020
on the day
2019
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 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 (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
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€281,801▲ 115%
2024 · €131,217
Total assets
€558,532▲ 25.3%
2024 · €445,654
Net result
€150,584▲ 384%
2024 · €31,118
Working capital
€193,320▲ 308%
2024 · €47,345
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€21,658▼ 29.4%€12,053▼ 44.3%€32,732▲ 172%€86,469▲ 164%€253,018▲ 193%
Net result€17,291▼ 23.4%€8,915▼ 48.4%€21,389▲ 140%€31,118▲ 45.5%€150,584▲ 384%
Equity€69,794▲ 32.9%€78,709▲ 12.8%€100,099▲ 27.2%€131,217▲ 31.1%€281,801▲ 115%
Total assets€399,748▲ 7.2%€402,713▲ 0.7%€419,323▲ 4.1%€445,654▲ 6.3%€558,532▲ 25.3%
Debt€329,954▲ 3.0%€324,004▼ 1.8%€319,224▼ 1.5%€314,438▼ 1.5%€276,731▼ 12.0%
Working capital-€21,158▲ 0.5%€8,442€19,903▲ 136%€47,345▲ 138%€193,320▲ 308%
Staff (FTE)31.9▼ 36.7%3.7▲ 94.7%3.3▼ 10.8%3.6▲ 9.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 193% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €558,532
Fixed assets
€248,022 ▼ 7.4%
Current assets
€310,510 ▲ 74.6%
Equity and liabilities €558,532
Equity
€281,801 ▲ 115%
Debt
€276,731 ▼ 12.0%
Debt's share of the balance-sheet total falls from 70.6% to 49.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€280,848▲
2024 · €121,408
Cash flow
€178,414▲
2024 · €66,057
Current ratio
2.65▲
2024 · 1.36
Quick ratio
1.68▲
2024 · 0.48
Debt to equity
0.98▼
2024 · 2.40
ROE
53.4%▲
2024 · 23.7%
ROA
27.0%▲
2024 · 7.0%
Interest coverage
4.44▲
2024 · 2.55
Debt ≤ 1 year
€117,190▼
2024 · €130,482
Debt > 1 year
€159,542▼
2024 · €183,956
Income taxes
€46,048▲
2024 · €14,446
Staff costs
€147,595▼
2024 · €183,945
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €25,482 | €96,026 | €125,766 | €183,945 | €147,595 | ▼ 19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,965 | €17,411 | €20,515 | €34,939 | €27,830 | ▼ 20.3% |
| Other operating charges640/8 | €4,357 | €4,468 | €5,326 | €7,366 | €5,754 | ▼ 21.9% |
| Non-recurring operating charges66A | - | €4 | €971 | - | - | - |
| Gross operating margin9900 | €76,461 | €129,962 | €185,310 | €312,719 | €434,197 | ▲ 38.8% |
| Operating profit (loss)9901 | €21,658 | €12,053 | €32,732 | €86,469 | €253,018 | ▲ 193% |
| Financial income75/76B | €3,108 | €3,809 | €4,465 | €6,760 | €6,868 | ▲ 1.6% |
| Recurring financial income75 | €2,763 | €3,809 | €4,465 | €6,760 | €6,868 | ▲ 1.6% |
| Non-recurring financial income76B | €345 | - | - | - | - | - |
| Financial charges65/66B | €7,475 | €6,946 | €8,514 | €47,666 | €63,253 | ▲ 32.7% |
| Recurring financial charges65 | €7,475 | €6,946 | €8,514 | €47,666 | €63,253 | ▲ 32.7% |
| Profit (loss) for the period before taxes9903 | €17,291 | €8,915 | €28,683 | €45,564 | €196,632 | ▲ 332% |
| Income taxes67/77 | - | - | €7,294 | €14,446 | €46,048 | ▲ 219% |
| Profit (loss) for the period9904 | €17,291 | €8,915 | €21,389 | €31,118 | €150,584 | ▲ 384% |
| Profit (loss) for the period to be appropriated9905 | €17,291 | €8,915 | €21,389 | €31,118 | €150,584 | ▲ 384% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €399,748 | €402,713 | €419,323 | €445,654 | €558,532 | ▲ 25.3% |
| Fixed assets21/28 | €303,617 | €286,202 | €297,138 | €267,828 | €248,022 | ▼ 7.4% |
| Tangible fixed assets22/27 | €303,617 | €286,202 | €297,138 | €267,828 | €248,022 | ▼ 7.4% |
| Land and buildings22 | €295,912 | €281,156 | €266,399 | €247,954 | €241,222 | ▼ 2.7% |
| Plant, machinery and equipment23 | €1,920 | €1,424 | €29,279 | €19,401 | €6,781 | ▼ 65.0% |
| Furniture and vehicles24 | €5,785 | €3,622 | €1,460 | €473 | €20 | ▼ 95.9% |
| Current assets29/58 | €96,131 | €116,511 | €122,185 | €177,826 | €310,510 | ▲ 74.6% |
| Stocks and contracts in progress3 | €72,156 | €99,128 | €96,921 | €115,033 | €113,361 | ▼ 1.5% |
| Stocks30/36 | €72,156 | €99,128 | €96,921 | €115,033 | €113,361 | ▼ 1.5% |
| Amounts receivable within one year40/41 | €4,301 | €3,452 | €4,246 | €2,919 | €6,562 | ▲ 125% |
| Trade receivables40 | €4,121 | €3,305 | €4,107 | €2,853 | €6,457 | ▲ 126% |
| Other amounts receivable41 | €181 | €146 | €138 | €67 | €105 | ▲ 58.0% |
| Cash at bank and in hand54/58 | €19,551 | €13,931 | €21,019 | €59,403 | €183,837 | ▲ 209% |
| Deferred charges and accrued income490/1 | €123 | - | - | €472 | €6,750 | ▲ 1,331% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €399,748 | €402,713 | €419,323 | €445,654 | €558,532 | ▲ 25.3% |
| Equity10/15 | €69,794 | €78,709 | €100,099 | €131,217 | €281,801 | ▲ 115% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Outside capital11 | €30,000 | €30,000 | €30,000 | €30,000 | - | - |
| Other1109/19 | €30,000 | €30,000 | €30,000 | €30,000 | - | - |
| Reserves13 | €39,794 | €48,709 | €70,099 | €101,217 | €251,801 | ▲ 149% |
| Non-distributable reserves130/1 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves not available under the articles1311 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Tax-exempt reserves132 | €331 | €331 | €331 | €331 | €331 | = |
| Distributable reserves133 | €36,463 | €45,379 | €66,768 | €97,886 | €248,470 | ▲ 154% |
| Amounts payable17/49 | €329,954 | €324,004 | €319,224 | €314,438 | €276,731 | ▼ 12.0% |
| Amounts payable after more than one year17 | €210,007 | €215,935 | €216,943 | €183,956 | €159,542 | ▼ 13.3% |
| Financial debts170/4 | €210,007 | €215,935 | €216,943 | €183,956 | €159,542 | ▼ 13.3% |
| Amounts payable within one year42/48 | €117,288 | €108,069 | €102,282 | €130,482 | €117,190 | ▼ 10.2% |
| Current portion of amounts payable after more than one year42 | €25,530 | €16,622 | €26,581 | €29,182 | €24,414 | ▼ 16.3% |
| Trade debts44 | €39,654 | €26,248 | €30,848 | €40,405 | €32,426 | ▼ 19.7% |
| Suppliers440/4 | €39,654 | €26,248 | €30,848 | €40,405 | €32,426 | ▼ 19.7% |
| Advances received on contracts in progress46 | - | €4,718 | - | - | - | - |
| Taxes, remuneration and social security45 | €15,368 | €22,073 | €32,218 | €48,480 | €44,261 | ▼ 8.7% |
| Taxes450/3 | €3,595 | €6,105 | €12,701 | €22,436 | €21,388 | ▼ 4.7% |
| Remuneration and social security454/9 | €11,773 | €15,968 | €19,517 | €26,044 | €22,874 | ▼ 12.2% |
| Other amounts payable47/48 | €36,736 | €38,408 | €12,634 | €12,414 | €16,088 | ▲ 29.6% |
| Accrued charges and deferred income492/3 | €2,658 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,291 | €8,915 | €21,389 | €31,118 | €150,584 | ▲ 384% |
| + Depreciation and write-downs630 | €24,965 | €17,411 | €20,515 | €34,939 | €27,830 | ▼ 20.3% |
| Operating cash flow (approximation) | €42,255 | €26,326 | €41,904 | €66,057 | €178,414 | ▲ 170% |
| Investment in fixed assets (approximation) | - | €4 | -€31,451 | -€5,629 | -€8,025 | ▼ 42.6% |
| Change in cash | - | -€5,620 | €7,088 | €38,384 | €124,435 | ▲ 224% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Highest result since 2018net €150,584 ▲384%
Operating result €253,018, net result €150,584, both a record.
31-12
Financial
Equity above €200,000Eq €281,801 ▲115%
7 profitable years in a row build equity to €281,801.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €100,000Eq €100,099 ▲27.2%
5 profitable years in a row build equity to €100,099.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €8,222
Net result €8,222 after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
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.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 2006
Ground area
261 m²
Building footprint
261 m²
Volume, LiDAR
2,259 m³
Parcel 44808H0260/00Y003, Flanders · tallest building 16.6 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
RTFM
since 20062.156.583.776
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0260/00Y003 | Flanders | 261 m² | 1 · 261 m² | 16.6 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,072 EUR awarded · 1,072 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,072 EUR | 1,072 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.156.583.776
Legal Entity Identifier
254900YPQV0XBIGDSV89
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Of 2,103 companies in sector 47640 we hold annual accounts for 907. 677 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
Founded17-02-2006
Fiscal year end31-12
Activities, NACEBEL 2025
47640Retail sale of games and toys
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.