Summary
RXW Group is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.4m and a net result of -€108,262. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 48% of 2451 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
31 d late
2023
9 d early
2022
35 d early
2021
34 d early
2020
15 d early
2019
108 d late
← 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 10 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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. Usually files around 23 July (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€4.4m▼ 2.4%
2024 · €4.5m
Net result
-€108,262▲ 64.4%
2024 · -€304,458
Total assets
€7.5m▼ 1.3%
2024 · €7.6m
Solvency
58.7%▼ 0.6pp
2024 · 59.3%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€323,665▼ 95.2%-€288,452-€323,015▼ 12.0%-€235,225▲ 27.2%-€227,529▲ 3.3%
Net result€138,211within the sector's middle half€94,662within the sector's middle half▼ 31.5%-€291,173below the sector's middle half-€304,458below the sector's middle half▼ 4.6%-€108,262below the sector's middle half▲ 64.4%
Equity€5.0mabove the sector's middle half▲ 48.5%€5.1mabove the sector's middle half▲ 1.9%€4.8mabove the sector's middle half▼ 5.7%€4.5mabove the sector's middle half▼ 6.3%€4.4mwithin the sector's middle half▼ 2.4%
Total assets€5.7mabove the sector's middle half=€6.0mabove the sector's middle half▲ 5.2%€7.2mabove the sector's middle half▲ 20.0%€7.6mabove the sector's middle half▲ 5.7%€7.5mwithin the sector's middle half▼ 1.3%
Debt€689,047▼ 70.2%€852,192▲ 23.7%€2.4m▲ 179%€3.1m▲ 30.1%€3.1m▲ 0.2%
Working capital€313,030above the sector's middle half€791,095above the sector's middle half▲ 153%€1.1mabove the sector's middle half▲ 38.1%-€91,991within the sector's middle half-€263,829within the sector's middle half▼ 187%
Solvency87.9%above the sector's middle half▲ 28.7pp85.2%above the sector's middle half▼ 2.7pp66.9%within the sector's middle half▼ 18.2pp59.3%within the sector's middle half▼ 7.6pp58.7%within the sector's middle half▼ 0.6pp
Current ratio1.45within the sector's middle half▲ 0.911.94within the sector's middle half▲ 0.482.07within the sector's middle half▲ 0.140.93within the sector's middle half▼ 1.140.81within the sector's middle half▼ 0.12
Return on assets (ROA)2.4%within the sector's middle half▲ 88.1pp1.6%within the sector's middle half▼ 0.8pp-4.0%below the sector's middle half▼ 5.6pp-4.0%below the sector's middle half=-1.4%below the sector's middle half▲ 2.6pp
Staff (FTE)4above the sector's middle half▲ 2.6%3.8above the sector's middle half▼ 5.0%3.2above the sector's middle half▼ 15.8%2.5above the sector's middle half▼ 21.9%1within the sector's middle half▼ 60.0%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +64% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €227,529 in 2025 against €235,225 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.5m
Fixed assets
€6.4m =
Current assets
€1.1m ▼ 8.5%
Equity and liabilities €7.5m
Equity
€4.4m ▼ 2.4%
Debt
€3.1m ▲ 0.2%
Debt's share of the balance-sheet total rises from 40.7% to 41.3%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-2.5%▲
2024 · -6.7%
Debt ≤ 1 year
€1.4m▲
2024 · €1.3m
Debt > 1 year
€1.6m▼
2024 · €1.6m
Staff costs
€86,185▼
2024 · €201,066
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €556,109 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €160,942 | €202,373 | €210,694 | €201,066 | €86,185 | ▼ 57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,064 | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €10,000 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€12,000 | - | - | - | - | - |
| Other operating charges640/8 | €4,256 | €2,729 | €10,330 | €2,204 | €1,253 | ▼ 43.2% |
| Gross operating margin9900 | €506,928 | -€73,350 | -€101,992 | -€31,955 | -€140,092 | ▼ 338% |
| Operating profit (loss)9901 | €323,665 | -€288,452 | -€323,015 | -€235,225 | -€227,529 | ▲ 3.3% |
| Financial income75/76B | €203,625 | €553,803 | €104,165 | €96,800 | €199,184 | ▲ 106% |
| Recurring financial income75 | €23,625 | €53,803 | €104,165 | €96,800 | €66,662 | ▼ 31.1% |
| Non-recurring financial income76B | €180,000 | €500,000 | - | - | €132,522 | - |
| Financial charges65/66B | €389,080 | €125,805 | €98,751 | €166,033 | €79,916 | ▼ 51.9% |
| Recurring financial charges65 | €55,752 | €35,862 | €98,751 | €166,033 | €79,916 | ▼ 51.9% |
| Non-recurring financial charges66B | €333,328 | €89,944 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €138,211 | €139,545 | -€317,601 | -€304,458 | -€108,262 | ▲ 64.4% |
| Income taxes67/77 | - | €44,883 | -€26,428 | - | - | - |
| Profit (loss) for the period9904 | €138,211 | €94,662 | -€291,173 | -€304,458 | -€108,262 | ▲ 64.4% |
| Profit (loss) for the period to be appropriated9905 | €138,211 | €94,662 | -€291,173 | -€304,458 | -€108,262 | ▲ 64.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.7m | €6.0m | €7.2m | €7.6m | €7.5m | ▼ 1.3% |
| Fixed assets21/28 | €4.7m | €4.4m | €5.1m | €6.4m | €6.4m | = |
| Financial fixed assets28 | €4.7m | €4.4m | €5.1m | €6.4m | €6.4m | = |
| Current assets29/58 | €1.0m | €1.6m | €2.1m | €1.2m | €1.1m | ▼ 8.5% |
| Amounts receivable within one year40/41 | €728,213 | €1.5m | €2.0m | €1.0m | €949,423 | ▼ 9.0% |
| Trade receivables40 | €143,496 | - | €115,085 | €100,397 | €14,980 | ▼ 85.1% |
| Other amounts receivable41 | €584,717 | €1.5m | €1.9m | €943,316 | €934,443 | ▼ 0.9% |
| Cash at bank and in hand54/58 | €265,744 | €75,239 | €71,892 | €102,804 | €42,252 | ▼ 58.9% |
| Deferred charges and accrued income490/1 | €8,120 | €18,660 | €56,281 | €61,652 | €114,213 | ▲ 85.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.7m | €6.0m | €7.2m | €7.6m | €7.5m | ▼ 1.3% |
| Equity10/15 | €5.0m | €5.1m | €4.8m | €4.5m | €4.4m | ▼ 2.4% |
| Contributions10/11 | €8.8m | €8.8m | €8.8m | €8.8m | €8.8m | = |
| Capital10 | €6.7m | €6.7m | €6.7m | €6.7m | €6.7m | = |
| Issued capital100 | €6.7m | €6.7m | €6.7m | €6.7m | €6.7m | = |
| Outside capital11 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Share premium1100/10 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Reserves13 | €999,990 | €999,990 | €999,990 | €999,990 | €999,990 | = |
| Non-distributable reserves130/1 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Legal reserve130 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Distributable reserves133 | €949,991 | €949,991 | €949,991 | €949,991 | €949,991 | = |
| Profit (loss) carried forward14 | -€4.7m | -€4.6m | -€4.9m | -€5.2m | -€5.3m | ▼ 2.1% |
| Provisions and deferred taxes16 | - | €36,579 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €36,579 | - | - | - | - |
| Taxes161 | - | €36,579 | - | - | - | - |
| Amounts payable17/49 | €689,047 | €852,192 | €2.4m | €3.1m | €3.1m | ▲ 0.2% |
| Amounts payable after more than one year17 | - | - | €1.3m | €1.6m | €1.6m | ▼ 0.6% |
| Financial debts170/4 | - | - | €1.3m | €1.6m | €1.6m | ▼ 0.6% |
| Amounts payable within one year42/48 | €689,047 | €845,311 | €1.0m | €1.3m | €1.4m | ▲ 5.3% |
| Trade debts44 | €216,096 | €46,120 | €34,991 | €40,957 | €28,463 | ▼ 30.5% |
| Suppliers440/4 | €216,096 | €46,120 | €34,991 | €40,957 | €28,463 | ▼ 30.5% |
| Taxes, remuneration and social security45 | €47,707 | €38,948 | €33,428 | €29,203 | €6,254 | ▼ 78.6% |
| Taxes450/3 | €25,104 | €8,660 | €8,304 | €6,741 | €1,499 | ▼ 77.8% |
| Remuneration and social security454/9 | €22,604 | €30,288 | €25,124 | €22,462 | €4,756 | ▼ 78.8% |
| Other amounts payable47/48 | €425,243 | €760,243 | €950,000 | €1.2m | €1.3m | ▲ 8.5% |
| Accrued charges and deferred income492/3 | - | €6,880 | €35,776 | €201,005 | €147,429 | ▼ 26.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €138,211 | €94,662 | -€291,173 | -€304,458 | -€108,262 | ▲ 64.4% |
| + Depreciation and write-downs630 | €30,064 | - | - | - | - | - |
| Operating cash flow (approximation) | €168,275 | €94,662 | -€291,173 | -€304,458 | -€108,262 | ▲ 64.4% |
| Investment in fixed assets (approximation) | - | €339,944 | -€725,000 | -€1.3m | €0 | ▲ 100% |
| Change in cash | - | -€190,505 | -€3,346 | €30,912 | -€60,552 | ▼ 296% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €138,211
Net result €138,211 after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.45
Current ratio from 0.55 to 1.45; short-term debt falls from €2.3m to €689,047.
31-12
Financial
Equity above €5mEq €5.0m ▲48.5%
Equity rises from €3.4m to €5.0m.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€4.9m
Net result drops to -€4.9m, the lowest in the series; recovery starts the following year.
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 108 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 2.30
Current ratio from 0.95 to 2.30; short-term debt falls from €1.8m to €961,989.
Show earlier events
31-12
Financial
Equity above €5mEq €7.6m ▲78.4%
Equity rises from €4.2m to €7.6m.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 1 day late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 1 day late
2017
20-07
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.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Sint-Martens-Latem · 2 establishment units since 2014
Ground area
1.4 ha
Building footprint
4,966 m²
Volume, LiDAR
33,790 m³
2 parcels, Flanders, Wallonia · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
2 establishment units
RXW Group
since 20142.237.939.953
RXW Group
since 20172.281.437.228
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52322A0090/00T000 | Wallonia | 1.2 ha | 1 · 4,355 m² | 8.8 m · 3 fl. |
| 44064B0052/00G000 | Flanders | 2,766 m² | 1 · 611 m² | 7.6 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 owners · 3 holdingsOwners 2
-
44.64%
-
28.64%
Holdings 3
-
100%
-
100%
-
100%
According to the 2025 annual accounts of RXW Group and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,721 companies in sector 64210 we hold annual accounts for 19,799. 8,549 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-11-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0505854901
Also
9925:BE0505854901
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.