RWH
ActiveSummary
RWH has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97k and a net result of €-5k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 85% of 4654 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▲+25
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 4.32 against 4.13 in 2024; short-term debt: 21.1% and cash: 82.9% of total assets), and 21.1% of the assets are financed with debt.
Credit check for your own amount and term
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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-5k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
45 d early
2023
16 d late
2022
15 d late
2021
16 d late
2020
26 d late
2019
25 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€97k▼ 4.7%
2024 · €101k
Total assets
€122k▼ 4.6%
2024 · €128k
Net result
€-5k▲ 59.9%
2024 · €-12k
Working capital
€86k▲ 1.7%
2024 · €85k
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€14k▼ 42.5%€6k▼ 59.2%€-14k€-13k▲ 13.0%€-5k▲ 59.1%
Net result€13k▼ 47.9%€3k▼ 75.7%€-13k€-12k▲ 11.3%€-5k▲ 59.9%
Equity€123k▲ 11.7%€126k▲ 2.5%€113k▼ 10.5%€101k▼ 10.4%€97k▼ 4.7%
Total assets€181k▲ 2.0%€158k▼ 12.3%€147k▼ 7.4%€128k▼ 12.5%€122k▼ 4.6%
Debt€57k▼ 14.0%€32k▼ 44.1%€34k▲ 4.7%€27k▼ 19.5%€26k▼ 4.1%
Working capital€98k▲ 3.7%€102k▲ 3.8%€92k▼ 9.5%€85k▼ 8.4%€86k▲ 1.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €13k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122k
Fixed assets
€11k ▼ 36.9%
Current assets
€112k ▲ 0.3%
Equity and liabilities €122k
Equity
€97k ▼ 4.7%
Debt
€26k ▼ 4.1%
Debt's share of the balance-sheet total rises from 21.1% to 21.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3k▲
2024 · €-4k
Cash flow
€3k▲
2024 · €-3k
Current ratio
4.32▲
2024 · 4.13
Debt to equity
0.27▲
2024 · 0.27
ROE
-4.9%▲
2024 · -11.6%
ROA
-3.9%▲
2024 · -9.2%
Interest coverage
2.20▲
2024 · -3.15
Debt ≤ 1 year
€26k▼
2024 · €27k
Income taxes
€639▲
2024 · €496
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €10k | €9k | €8k | €8k | ▼ 7.2% |
| Other operating charges640/8 | €3k | €1k | €2k | €2k | €3k | ▲ 54.3% |
| Gross operating margin9900 | €25k | €17k | €-4k | €-2k | €5k | ▲ 344% |
| Operating profit (loss)9901 | €14k | €6k | €-14k | €-13k | €-5k | ▲ 59.1% |
| Financial income75/76B | €4k | €3k | €3k | €2k | €2k | ▼ 7.8% |
| Recurring financial income75 | €4k | €3k | €3k | €2k | €2k | ▼ 7.8% |
| Financial charges65/66B | €1k | €809 | €1k | €1k | €1k | ▼ 0.6% |
| Recurring financial charges65 | €1k | €809 | €1k | €1k | €1k | ▼ 0.6% |
| Profit (loss) for the period before taxes9903 | €17k | €8k | €-13k | €-11k | €-4k | ▲ 63.7% |
| Income taxes67/77 | €4k | €5k | €477 | €496 | €639 | ▲ 28.9% |
| Profit (loss) for the period9904 | €13k | €3k | €-13k | €-12k | €-5k | ▲ 59.9% |
| Profit (loss) for the period to be appropriated9905 | €13k | €3k | €-13k | €-12k | €-5k | ▲ 59.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €181k | €158k | €147k | €128k | €122k | ▼ 4.6% |
| Fixed assets21/28 | €37k | €30k | €21k | €17k | €11k | ▼ 36.9% |
| Tangible fixed assets22/27 | €37k | €30k | €21k | €17k | €11k | ▼ 36.9% |
| Land and buildings22 | €5k | €4k | €3k | €6k | €5k | ▼ 21.8% |
| Plant, machinery and equipment23 | €9k | €7k | €5k | €4k | €3k | ▼ 16.8% |
| Furniture and vehicles24 | €24k | €19k | €13k | €6k | €2k | ▼ 66.0% |
| Current assets29/58 | €143k | €128k | €126k | €112k | €112k | ▲ 0.3% |
| Amounts receivable after more than one year29 | €110k | €103k | €97k | €91k | €0 | ▼ 100% |
| Other amounts receivable291 | €110k | €103k | €97k | €91k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €19k | €15k | €23k | €13k | €7k | ▼ 44.8% |
| Trade receivables40 | €7k | €5k | €6k | €3k | €7k | ▲ 113% |
| Other amounts receivable41 | €11k | €10k | €17k | €10k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €13k | €9k | €4k | €956 | €102k | ▲ 10,527% |
| Deferred charges and accrued income490/1 | €1k | €1k | €2k | €6k | €3k | ▼ 50.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €181k | €158k | €147k | €128k | €122k | ▼ 4.6% |
| Equity10/15 | €123k | €126k | €113k | €101k | €97k | ▼ 4.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €117k | €120k | €120k | €120k | €120k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | €11k | €11k | €11k | €11k | €11k | = |
| Distributable reserves133 | €104k | €107k | €107k | €109k | €109k | = |
| Profit (loss) carried forward14 | - | - | €-13k | €-25k | €-30k | ▼ 18.9% |
| Amounts payable17/49 | €57k | €32k | €34k | €27k | €26k | ▼ 4.1% |
| Amounts payable after more than one year17 | €12k | €6k | - | - | - | - |
| Financial debts170/4 | €12k | €6k | - | - | - | - |
| Amounts payable within one year42/48 | €45k | €26k | €33k | €27k | €26k | ▼ 4.1% |
| Current portion of amounts payable after more than one year42 | €7k | €7k | €6k | - | - | - |
| Financial debts43 | - | - | €5k | €4k | €5k | ▲ 11.7% |
| Credit institutions430/8 | - | - | €5k | €4k | €5k | ▲ 11.7% |
| Trade debts44 | €17k | €12k | €16k | €19k | €13k | ▼ 32.1% |
| Suppliers440/4 | €17k | €12k | €16k | €19k | €13k | ▼ 32.1% |
| Taxes, remuneration and social security45 | €22k | €8k | €7k | €4k | €7k | ▲ 83.8% |
| Taxes450/3 | €22k | €8k | €7k | €4k | €7k | ▲ 83.8% |
| Other amounts payable47/48 | - | - | - | - | €994 | - |
| Accrued charges and deferred income492/3 | - | - | €350 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €3k | €-13k | €-12k | €-5k | ▲ 59.9% |
| + Depreciation and write-downs630 | €9k | €10k | €9k | €8k | €8k | ▼ 7.2% |
| Operating cash flow (approximation) | €22k | €13k | €-4k | €-3k | €3k | ▲ 195% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €-4k | €-2k | ▲ 57.4% |
| Change in cash | - | €-4k | €-5k | €-3k | €101k | ▲ 3,990% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
15-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Equity above €100kEq €110k ▲21.8%
3 profitable years in a row build equity to €110k.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Highest result since 2018net €25k ▲2.1%
Net result €25k, the highest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
25-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 298 days late
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, Bilzen-Hoeselt · 1 establishment unit since 2015
Ground area
1,246 m²
Building footprint
259 m²
Volume, LiDAR
1,407 m³
Parcel 73032E0248/00W000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RWH
since 20152.245.297.996
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73032E0248/00W000 | Flanders | 1,246 m² | 1 · 259 m² | 8.0 m · 2 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.
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Of 12,585 companies in sector 49410 we hold annual accounts for 8,198. 6,324 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
Founded31-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
01610Support activities for crop production
37000Sewerage
Scores and ratios are computed by Checked and are not a credit decision.