Checked.be
Active
BE 0861.719.393Private limited company
RV SERVICES
Rue des Couturelles(OB) 2 ·6230 Pont-à-Celles, Belgium· 23 yrs active
Sector: Employment placement agencies
(78100)
Conclusion
RV SERVICES has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89k and a net result of €-10k. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 18% of 211 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €89k |
| Net result | €-10k |
| Better than sector | 18% |
| Active | 23 yrs |
Financial profile
34
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
25
Profitability
0
Solvency
12
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2003, 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
25
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€2k
estimate, not credit advice
Score history
45
2021
12
2022
23
2023
49
2024
25
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.83 (< 1.0)
-10
Leverage
Debt/equity 14.66 (> 3.0)
-10
Profitability
Negatieve ROE -12%
-10
Interest coverage
Interest coverage 3.6× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 23-10-2025 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~3.6%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 78, Employment activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 6.4% | 35.3% | |
| Net result | €-10k | €31k | |
| Equity | €89k | €737k | |
| Gross operating margin | €100k | €1.01M | |
| Staff costs | €0 | €2.82M |
€98k
+4789.2%
21-25
€-10k
-
21-25
€128k
-
21-25
€1.39M
+373.6%
21-25
€89k
-10.5%
21-25
€-45k
+56.7%
21-25
0
-
21-25
€0
-100.0%
21-25
€175
-44.3%
21-25
€1.30M
+569.5%
21-25
€263k
+46.4%
21-25
€1.02M
-
21-25
0.83
+96.2%
21-25
0.83
+96.2%
21-25
6.4%
-81.1%
21-25
14.66
+648.0%
21-25
-11.7%
-
21-25
-0.7%
-
21-25
3.56
+461.3%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - | - |
| EBITDA | €98k | - | €2k | €-6k | €11k |
| Net profit | €-10k | €3k | €-2k | €-11k | €65k |
| Cash flow | €128k | - | €-2k | €-10k | €66k |
| Staff costs | €0 | €208 | €34k | €111k | - |
| Income taxes | €175 | €315 | €825 | €0 | €2k |
| Dividends | - | - | - | - | - |
| Total assets | €1.39M | €293k | €254k | €350k | €278k |
| Equity | €89k | €99k | €96k | €98k | €109k |
| Debt | €1.30M | €194k | €158k | €252k | €169k |
| of which ≤ 1y | €263k | €179k | €146k | €242k | €162k |
| of which > 1y | €1.02M | - | - | - | - |
| Working capital | €-45k | €-104k | €-109k | €-109k | €-103k |
| Employees (FTE) | 0.0 | 0.0 | 0.3 | 1.0 | 1.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.83 | 0.42 | 0.25 | 0.55 | 0.37 |
| Quick ratio | 0.83 | 0.42 | 0.25 | 0.55 | 0.37 |
| Working capital ratio | -3.2% | -35.3% | -42.8% | -31.3% | -36.8% |
| Solvency | 6.4% | 33.8% | 37.9% | 28.1% | 39.1% |
| Debt / equity | 14.66 | 1.96 | 1.64 | 2.56 | - |
| Long-term debt ratio | 11.51 | - | - | - | - |
| Interest coverage | 3.56 | - | 0.63 | -1.65 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -0.7% | 1.0% | -0.8% | -3.0% | 23.4% |
| ROE | -11.7% | 2.8% | -2.1% | -10.9% | 59.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.39M | €293k | €254k | €350k | €278k |
| Fixed assets | 21/28 | €1.17M | €218k | €218k | €218k | €219k |
| Tangible fixed assets | 22/27 | €955k | - | - | €0 | €897 |
| Financial fixed assets | 28 | €217k | €218k | €218k | €218k | €218k |
| Current assets | 29/58 | €218k | €76k | €37k | €132k | €59k |
| Amounts receivable within one year | 40/41 | €207k | €19k | €15k | €129k | €51k |
| Cash & bank | 54/58 | €20 | €56k | €21k | €3k | €8k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.39M | €293k | €254k | €350k | €278k |
| Equity | 10/15 | €89k | €99k | €96k | €98k | €109k |
| Contributions / capital | 10/11 | €14k | €14k | €14k | €12k | - |
| Reserves | 13 | €32k | €32k | €32k | €34k | €34k |
| Accumulated profits (losses) | 14 | €42k | €53k | €50k | €52k | €63k |
| Amounts payable | 17/49 | €1.30M | €194k | €158k | €252k | €169k |
| Amounts payable after one year | 17 | €1.02M | - | - | - | - |
| Amounts payable within one year | 42/48 | €263k | €179k | €146k | €242k | €162k |
| Trade debts payable within one year | 44 | €128k | €88k | €52k | €68k | €43k |
| Income statement | ||||||
| Gross operating margin | 9900 | €100k | €8k | €37k | €106k | €113k |
| Operating result | 9901 | €-41k | €7k | €2k | €-7k | €10k |
| Financial income | 75 | €58k | - | €0 | €1 | €0 |
| Financial charges | 65 | €28k | €3k | €3k | €4k | €4k |
| Result before taxes | 9903 | €-10k | €3k | €-1k | €-11k | €6k |
| Income taxes | 67/77 | €175 | €315 | €825 | €0 | €2k |
| Net result for the period | 9904 | €-10k | €3k | €-2k | €-11k | €4k |
| Result to be appropriated | 9905 | €-10k | €3k | €-2k | €-11k | €4k |
Legal Structure
| NACE primary | Employment placement agencies(78100) |
| Legal form | Private limited company(610) |
| Incorporation | 23-06-2003 |
| Status | Active |
| Postal code | 6230 |
Establishment units
RV SERVICES
since 20032.136.034.525
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52051B0133/00T000 | Wallonia | 3,083 m² | 1 · 1,595 m² | - |
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.
Updates
Next filing, fiscal year 2026, expected by
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Weakest financial yearnet €-11k ▼116%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
09-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
17-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
74501Employment placement agencies78100Non-specialised wholesale4639251392
Names & trade names
| Legal nameFR | RV SERVICES |
Similar companies
DESMOSIA
BE 0669.508.648 · Liège
PER-SÉ
BE 0827.989.327 · Kuurne
The Jobdoctor
BE 0778.857.639 · Zaventem
LOTUS CLEAN
BE 0560.922.492 · Heusden-Zolder
Eye for Talent
BE 0674.964.897 · Lievegem