RAIL SERVICES & PRODUCTS
ActiveRAIL SERVICES & PRODUCTS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €211k and a net result of €22k. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 15868 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▲+9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 6.24 against 3.15 in 2023; short-term debt: 9% and cash: 41.4% of total assets), and 15.6% of the assets are financed with debt.
Credit advice for your own amount and term
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 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
not confirmed
2024
18 d late
2023
58 d early
2022
29 d early
2021
12 d late
2020
150 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€211k▲ 11.9%
2023 · €189k
2018: €165k
2019: €188k
2020: €175k
2021: €184k
2022: €184k
2023: €189k
2018 → 2024
Total assets
€250k▲ 0.3%
2023 · €249k
2018: €430k
2019: €396k
2020: €368k
2021: €287k
2022: €273k
2023: €249k
2018 → 2024
Net result
€22k▲ 364%
2023 · €5k
2018: €-32k
2019: €22k
2020: €-13k
2021: €9k
2022: €-388
2023: €5k
2018 → 2024
Working capital
€118k▲ 34.6%
2023 · €88k
2018: €31k
2019: €49k
2020: €43k
2021: €60k
2022: €72k
2023: €88k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€175k-€184k▲ 5.2%€184k▼ 0.2%€189k▲ 2.6%€211k▲ 11.9%
Operating result€-10k-€50k€2k▼ 96.0%€10k▲ 383%€33k▲ 246%
Net result€-13k-€9k€-388€5k€22k▲ 364%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 246% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €250k
Fixed assets
€109k▼ 9.5%
Current assets
€141k▲ 9.4%
Equity and liabilities €250k
Equity
€211k▲ 11.9%
Debt
€39k▼ 35.8%
The debt ratio falls from 24.3% to 15.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47k▲
2023 · €25k
Cash flow
€36k▲
2023 · €20k
Solvency
84.4%▲
2023 · 75.7%
Current ratio
6.24▲
2023 · 3.15
Quick ratio
6.24▲
2023 · 3.15
Debt / equity
0.18▼
2023 · 0.32
ROE
10.6%▲
2023 · 2.6%
ROA
8.9%▲
2023 · 1.9%
Interest coverage
31.17▲
2023 · 24.88
Debt
€39k▼
2023 · €61k
Debt ≤ 1 year
€23k▼
2023 · €41k
Debt > 1 year
€16k▼
2023 · €20k
Income taxes
€10k▲
2023 · €4k
Staff costs
€8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€249k€250k▲
Fixed assets21/28€120k€109k▼
Tangible fixed assets22/27€120k€109k▼
Land and buildings22€112k€100k▼
Plant, machinery and equipment23€4k€6k▲
Furniture and vehicles24€4k€3k▼
Current assets29/58€129k€141k▲
Amounts receivable within one year40/41€47k€37k▼
Trade receivables40€42k€34k▼
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€78k€103k▲
Deferred charges and accrued income490/1€4k€155▼
Equity and liabilities
Total equity and liabilities10/49€249k€250k▲
Equity10/15€189k€211k▲
Contributions10/11€6k€6k=
Reserves13€34k€57k▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€16k€38k▲
Profit (loss) carried forward14€148k€148k=
Amounts payable17/49€61k€39k▼
Amounts payable after more than one year17€20k€16k▼
Financial debts170/4€20k€16k▼
Amounts payable within one year42/48€41k€23k▼
Current portion of amounts payable after more than one year42€3k€3k▲
Financial debts43€1k€1k=
Credit institutions430/8€1k€1k=
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€12k€10k▼
Taxes450/3€2k€10k▲
Remuneration and social security454/9€10k-
Other amounts payable47/48€22k€4k▼
Income statement
Code20232024
Non-recurring operating income76A-€22k
Remuneration, social security and pensions62-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€14k▼
Other operating charges640/8€5k€4k▼
Gross operating margin9900€30k€59k▲
Operating profit (loss)9901€10k€33k▲
Financial charges65/66B€988€2k▲
Recurring financial charges65€988€2k▲
Profit (loss) for the period before taxes9903€9k€32k▲
Income taxes67/77€4k€10k▲
Profit (loss) for the period9904€5k€22k▲
Profit (loss) for the period to be appropriated9905€5k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€153k€170k▲
Profit (loss) brought forward from the previous period14P€148k€148k=
Transfer to equity691/2€5k€22k▲
To other reserves6921€5k€22k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Highest result since 2018net €22k ▲364%
Net result €22k, the highest in the series.
31-12
Financial
Equity above €200kEq €211k ▲11.9%
2 profitable years in a row build equity to €211k.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 150 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Legerstraat 432610 AntwerpenGround area
3,233 m²
Building footprint
79 m²
Volume, LiDAR
588 m³
2 parcels, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rail Services & Products
since 20102.186.485.116
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11018C0031/00F004indicative | Flanders | 3,126 m² | - | - |
| 11462A0425/00P003 | Flanders | 107 m² | 1 · 78 m² | 12.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels 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
2023 to 2025 · 3 entries · 18,208 EUR awarded · 18,208 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,035 EUR | 5,035 EUR |
| 2024 | 1 | 8,481 EUR | 8,481 EUR |
| 2023 | 1 | 4,692 EUR | 4,692 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 1,803 companies in sector 46831 we hold annual accounts for 1,397. 953 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-03-2010
Fiscal year end31-12
Abbreviation NL
RSP
Activities, NACEBEL
42120Civil engineering
46831Wholesale of construction materials, general range
42130Civil engineering
47529Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.r-s-p.be
E-mail:info@r-s-p.be