RM WELDING & SERVICES
ActiveSummary
RM WELDING & SERVICES has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €165k and a net result of €70k. Equity is growing by ~71.3% per year across the filed fiscal years. Its solvency ranks better than 83% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
92
/ 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
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 6.94 against 5.12 in 2023; short-term debt: 11.6% and cash: 52.5% of total assets), and 16.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
6 d early
2022
21 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€165k▲ 73.4%
2023 · €95k
2022: €29k
2023: €95k
2022 → 2024
Total assets
€197k▲ 61.9%
2023 · €122k
2022: €46k
2023: €122k
2022 → 2024
Net result
€70k▲ 6.2%
2023 · €66k
2022: €24k
2023: €66k
2022 → 2024
Working capital
€137k▲ 49.1%
2023 · €92k
2022: €23k
2023: €92k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€29k-€95k▲ 224%€165k▲ 73.4%
Operating result€31k-€84k▲ 167%€89k▲ 5.6%
Net result€24k-€66k▲ 170%€70k▲ 6.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 6% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €197k
Fixed assets
€38k ▲ 366%
Current assets
€160k ▲ 40.2%
Equity and liabilities €197k
Equity
€165k ▲ 73.4%
Debt
€32k ▲ 20.6%
Debt's share of the balance-sheet total falls from 21.7% to 16.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€94k▲
2023 · €87k
Cash flow
€76k▲
2023 · €70k
Current ratio
6.94▲
2023 · 5.12
Debt to equity
0.19▼
2023 · 0.28
ROE
42.3%▼
2023 · 69.1%
ROA
35.5%▼
2023 · 54.1%
Interest coverage
750.10▼
2023 · 836.99
Debt ≤ 1 year
€23k▲
2023 · €22k
Income taxes
€18k▲
2023 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€122k€197k▲
Fixed assets21/28€8k€38k▲
Tangible fixed assets22/27€8k€38k▲
Land and buildings22-€20k
Plant, machinery and equipment23€6k€10k▲
Furniture and vehicles24€2k€8k▲
Current assets29/58€114k€160k▲
Stocks and contracts in progress3€2k€0▼
Stocks30/36€2k€0▼
Amounts receivable within one year40/41€74k€51k▼
Trade receivables40€74k€51k▼
Other amounts receivable41€101€20▼
Cash at bank and in hand54/58€32k€104k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€122k€197k▲
Equity10/15€95k€165k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€90k€160k▲
Amounts payable17/49€26k€32k▲
Amounts payable within one year42/48€22k€23k▲
Trade debts44€5k€1k▼
Suppliers440/4€5k€1k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€17k€22k▲
Taxes450/3€15k€22k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€0€70▲
Accrued charges and deferred income492/3€4k€9k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Other operating charges640/8€729€864▲
Gross operating margin9900€88k€95k▲
Operating profit (loss)9901€84k€89k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€104€126▲
Recurring financial charges65€104€126▲
Profit (loss) for the period before taxes9903€84k€88k▲
Income taxes67/77€18k€18k▲
Profit (loss) for the period9904€66k€70k▲
Profit (loss) for the period to be appropriated9905€66k€70k▲
Appropriation of the result
Profit (loss) to be appropriated9906€90k€160k▲
Profit (loss) brought forward from the previous period14P€24k€90k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €70k ▲6.2%
Operating result €89k, net result €70k, both a record.
31-12
Financial
Equity above €150kEq €165k ▲73.4%
3 profitable years in a row build equity to €165k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 5.12
Current ratio from 2.43 to 5.12.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Wommelgem · 1 establishment unit since 2022
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.
Vremdesteenweg 262160 WommelgemGround area
960 m²
Building footprint
132 m²
Parcel 11052D0189/00W000, Flanders. Linked by address, not a title deed.
1 establishment unit
RM WELDING & SERVICES
since 20222.331.108.057
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052D0189/00W000 | Flanders | 960 m² | 1 · 132 m² | 0.0 m |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
BUREAU D'EXPERTISES CEDAL
BE 0425.835.740
Waimes · Eq €165,503
DIMINDU
BE 0864.702.837
Wingene · Eq €165,384
ESE
BE 0816.545.406
Kapellen · Eq €165,559
ORBAN PROJECT CONSULTING
BE 0672.373.415
Brecht · Eq €165,638
Huis Gunzburg
BE 0440.554.697
Antwerpen · Eq €165,664
Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 5,229 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-05-2022
Fiscal year end31-12
Abbreviation NL
RM W&S
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
25530Machining of metals
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.