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RVM

Active
Private limited company (pre-2019)founded 2013active for 12 yearsSteenputstraat 1, 2220 Heist-op-den-Berg, BelgiumKBO/BCE: BE 0542.899.694

Financials · financial year 2025, micro format

2025 annual accounts filed 4 days after the deadline Filed on 4 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00036128.

Annual accounts 2025 filed on 04-02-2026 PDF all 11 filings

Equity
€162,031▼ 24.8%
2024 · €215,440
Total assets
€275,561▼ 41.5%
2024 · €471,389
Net result
-€53,410▲ 17.8%
2024 · -€64,955
Working capital
€223,457▼ 46.1%
2024 · €414,746
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is a loss of €52,322, smaller than the loss of €63,905 in 2024.

Operating result-€52,322 2025 Net result-€53,410 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result-€45,290--€14,029▲ 69.0%€25,225€129,826▲ 415%€5,885▼ 95.5%-€63,905-€52,322▲ 18.1%
Net result-€46,602--€15,346below the sector's middle half▲ 67.1%€23,963within the sector's middle half€128,941above the sector's middle half▲ 438%€4,917within the sector's middle half▼ 96.2%-€64,955below the sector's middle half-€53,410below the sector's middle half▲ 17.8%
Equity€137,920-€122,574within the sector's middle half▼ 11.1%€146,537within the sector's middle half▲ 19.5%€275,478above the sector's middle half▲ 88.0%€280,395above the sector's middle half▲ 1.8%€215,440above the sector's middle half▼ 23.2%€162,031above the sector's middle half▼ 24.8%
Total assets€539,736-€552,119above the sector's middle half▲ 2.3%€532,617above the sector's middle half▼ 3.5%€796,660above the sector's middle half▲ 49.6%€677,243above the sector's middle half▼ 15.0%€471,389above the sector's middle half▼ 30.4%€275,561above the sector's middle half▼ 41.5%
Debt€401,816-€429,545▲ 6.9%€386,081▼ 10.1%€521,183▲ 35.0%€396,848▼ 23.9%€255,948▼ 35.5%€113,530▼ 55.6%
Working capital€473,115-€468,808above the sector's middle half▼ 0.9%€496,346above the sector's middle half▲ 5.9%€624,641above the sector's middle half▲ 25.8%€626,408above the sector's middle half▲ 0.3%€414,746above the sector's middle half▼ 33.8%€223,457above the sector's middle half▼ 46.1%
Solvency25.6%-22.2%below the sector's middle half▼ 3.4pp27.5%below the sector's middle half▲ 5.3pp34.6%within the sector's middle half▲ 7.1pp41.4%within the sector's middle half▲ 6.8pp45.7%within the sector's middle half▲ 4.3pp58.8%within the sector's middle half▲ 13.1pp
Current ratio11.38-7.40above the sector's middle half▼ 3.9917.64above the sector's middle half▲ 10.244.79within the sector's middle half▼ 12.8516.43above the sector's middle half▲ 11.649.47above the sector's middle half▼ 6.965.80above the sector's middle half▼ 3.67
Return on assets (ROA)-8.6%--2.8%below the sector's middle half▲ 5.9pp4.5%within the sector's middle half▲ 7.3pp16.2%within the sector's middle half▲ 11.7pp0.7%below the sector's middle half▼ 15.5pp-13.8%below the sector's middle half▼ 14.5pp-19.4%below the sector's middle half▼ 5.6pp
above within below The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €275,561
Fixed assets €5,573 ▼ 27.6%
Current assets €269,988 ▼ 41.8%
Equity and liabilities €275,561
Equity €162,031 ▼ 24.8%
Debt €113,530 ▼ 55.6%
Debt's share of the balance-sheet total falls from 54.3% to 41.2%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€49,579▲
2024 · -€61,362
Cash flow
-€50,666▲
2024 · -€62,411
Quick ratio
0.37▼
2024 · 4.31
Debt to equity
0.70▼
2024 · 1.19
ROE
-33.0%▼
2024 · -30.1%
Interest coverage
-61.78▲
2024 · -79.43
Debt ≤ 1 year
€46,530▼
2024 · €48,948
Debt > 1 year
€65,000▼
2024 · €205,000
Income taxes
€290▲
2024 · €277
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as RVM: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €235,000 and €303,000, founded between 2013 and 2014.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
RVM Heist-op-den-Berg2013€275,561€162,031-€45,423-€53,410-2025
Quest2S Antwerpen2014€302,713€70,353-€36,383-€52,51902025
KYNTHELIG Retie2014€234,673€230,294-€23,958-€25,115-2025
RevoSolutions Middelkerke2014€287,165€114,509-€61,282-€78,614-2025
BRACMA Beersel2013€291,005€215,690-€5,807-€6,151-2025
ELEMENT 80 Roosdaal2014€253,774€106,619€434-€6,009-2025
ARTE CONSULTANCY Oudsbergen2014€288,758€283,345-€19,359-€19,641-2025

They were chosen from the 18,969 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 4,805 companies had the same profile as RVM has now. Two years later, 2.0% had gone bankrupt and 88.2% were still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.0% went bankrupt
9.8% stopped otherwise
88.2% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of RVM itself is lower: 0.3% within 12 months. It rests on far more data about RVM than the profile alone.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 4,805 companies, not a prediction for RVM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines

Source: Annual accounts 2025 (PDF), filed on 04-02-2026.

Balance sheet Code20242025
Assets
Total assets20/58€471,389€275,561▼
Fixed assets21/28€7,694€5,573▼
Tangible fixed assets22/27€5,052€2,931▼
Furniture and vehicles24€2,380€1,146▼
Other tangible fixed assets26€2,672€1,786▼
Financial fixed assets28€2,642€2,642=
Current assets29/58€463,695€269,988▼
Stocks and contracts in progress3€252,772€252,772=
Stocks30/36€252,772€252,772=
Amounts receivable within one year40/41€8,238€10,558▲
Other amounts receivable41€8,238€10,558▲
Cash at bank and in hand54/58€202,432€6,385▼
Deferred charges and accrued income490/1€253€272▲
Equity and liabilities
Total equity and liabilities10/49€471,389€275,561▼
Equity10/15€215,440€162,031▼
Contributions10/11€355,000€355,000=
Reserves13€2,117€2,117=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€257€257=
Profit (loss) carried forward14-€141,676-€195,086▼
Amounts payable17/49€255,948€113,530▼
Amounts payable after more than one year17€205,000€65,000▼
Other amounts payable178/9€205,000€65,000▼
Amounts payable within one year42/48€48,948€46,530▼
Trade debts44€2,284€944▼
Suppliers440/4€2,284€944▼
Taxes, remuneration and social security45€277€290▲
Taxes450/3€277€290▲
Other amounts payable47/48€46,388€45,296▼
Accrued charges and deferred income492/3€2,000€2,000=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,543€2,744▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2,884-
Other operating charges640/8€5,888€4,155▼
Gross operating margin9900-€58,358-€45,423▲
Operating profit (loss)9901-€63,905-€52,322▲
Financial income75/76B-€5
Recurring financial income75-€5
Financial charges65/66B€773€803▲
Recurring financial charges65€773€803▲
Profit (loss) for the period before taxes9903-€64,678-€53,119▲
Income taxes67/77€277€290▲
Profit (loss) for the period9904-€64,955-€53,410▲
Profit (loss) for the period to be appropriated9905-€64,955-€53,410▲
Appropriation of the result
Profit (loss) to be appropriated9906-€141,676-€195,086▼
Profit (loss) brought forward from the previous period14P-€76,722-€141,676▼

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,039€11,039€3,790€1,478€1,821€2,543€2,744▲ 7.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4------€2,884--
Other operating charges640/8---€1,077€1,041€5,888€4,155▼ 29.4%
Gross operating margin9900-€33,332€930€29,958€132,381€8,746-€58,358-€45,423▲ 22.2%
Operating profit (loss)9901-€45,290-€14,029€25,225€129,826€5,885-€63,905-€52,322▲ 18.1%
Financial income75/76B------€5-
Recurring financial income75------€5-
Financial charges65/66B---€637€701€773€803▲ 3.9%
Recurring financial charges65€612€755€794€637€701€773€803▲ 3.9%
Profit (loss) for the period before taxes9903-€45,902-€14,784€24,431€129,189€5,184-€64,678-€53,119▲ 17.9%
Income taxes67/77€700€562€468€249€267€277€290▲ 4.8%
Profit (loss) for the period9904-€46,602-€15,346€23,963€128,941€4,917-€64,955-€53,410▲ 17.8%
Profit (loss) for the period to be appropriated9905-€46,602-€15,346€23,963€128,941€4,917-€64,955-€53,410▲ 17.8%
Line2019202020212022202320242025Change
Assets
Total assets20/58€539,736€552,119€532,617€796,660€677,243€471,389€275,561▼ 41.5%
Fixed assets21/28€21,055€10,016€6,441€7,087€10,237€7,694€5,573▼ 27.6%
Tangible fixed assets22/27€19,555€8,516€4,941€4,445€7,595€5,052€2,931▼ 42.0%
Furniture and vehicles24----€4,037€2,380€1,146▼ 51.9%
Other tangible fixed assets26---€4,445€3,558€2,672€1,786▼ 33.2%
Financial fixed assets28€1,500€1,500€1,500€2,642€2,642€2,642€2,642=
Current assets29/58€518,681€542,103€526,176€789,574€667,005€463,695€269,988▼ 41.8%
Stocks and contracts in progress3€511,297€379,556€309,663€777,580€252,772€252,772€252,772=
Stocks30/36---€777,580€252,772€252,772€252,772=
Amounts receivable within one year40/41€6,938€5,639€26,190€9,623€10,101€8,238€10,558▲ 28.2%
Trade receivables40---€6,110€6,110---
Other amounts receivable41---€3,513€3,991€8,238€10,558▲ 28.2%
Cash at bank and in hand54/58€261€156,714€187,462€2,371€403,894€202,432€6,385▼ 96.8%
Deferred charges and accrued income490/1----€238€253€272▲ 7.6%
Equity and liabilities
Total equity and liabilities10/49€539,736€552,119€532,617€796,660€677,243€471,389€275,561▼ 41.5%
Equity10/15€137,920€122,574€146,537€275,478€280,395€215,440€162,031▼ 24.8%
Contributions10/11€355,000--€355,000€355,000€355,000€355,000=
Reserves13€2,117€2,117€2,117€2,117€2,117€2,117€2,117=
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860=
Distributable reserves133---€257€257€257€257=
Profit (loss) carried forward14-€219,197-€234,543-€210,580-€81,639-€76,722-€141,676-€195,086▼ 37.7%
Amounts payable17/49€401,816€429,545€386,081€521,183€396,848€255,948€113,530▼ 55.6%
Amounts payable after more than one year17€355,000€355,000€355,000€355,000€355,000€205,000€65,000▼ 68.3%
Other amounts payable178/9---€355,000€355,000€205,000€65,000▼ 68.3%
Amounts payable within one year42/48€45,566€73,295€29,831€164,933€40,598€48,948€46,530▼ 4.9%
Trade debts44€1,331€322€2,858€1,424€2,772€2,284€944▼ 58.7%
Suppliers440/4---€1,424€2,772€2,284€944▼ 58.7%
Taxes, remuneration and social security45---€249€267€277€290▲ 4.8%
Taxes450/3---€249€267€277€290▲ 4.8%
Other amounts payable47/48---€163,260€37,559€46,388€45,296▼ 2.4%
Accrued charges and deferred income492/3---€1,250€1,250€2,000€2,000=
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€46,602-€15,346€23,963€128,941€4,917-€64,955-€53,410▲ 17.8%
+ Depreciation and write-downs630€11,039€11,039€3,790€1,478€1,821€2,543€2,744▲ 7.9%
Operating cash flow (approximation)-€35,564-€4,307€27,753€130,419€6,738-€62,411-€50,666▲ 18.8%
Investment in fixed assets (approximation)-€0-€215-€2,124-€4,971€0-€623-
Change in cash-€156,453€30,748-€185,091€401,524-€201,462-€196,047▲ 2.7%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 11 filings with the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 04-02-2026 2026-00036128 PDF
30-06-2024 micro format 31-01-2025 2025-00029646 PDF
30-06-2023 micro format 31-01-2024 2024-00015192 PDF
30-06-2022 micro format 31-01-2023 2023-00017978 PDF
30-06-2021 micro format 25-02-2022 2022-06300585 PDF
30-06-2020 micro format 18-02-2021 2021-05700121 PDF
30-06-2019 micro format 31-01-2020 2020-03900300 PDF
30-06-2018 micro format 31-01-2019 2019-03800519 PDF
30-06-2017 micro format 31-01-2018 2018-03800347 PDF
30-06-2016 abbreviated format 31-01-2017 2017-03500296 PDF

Show all 11 filings

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