RS Station 47
ActiveSummary
RS Station 47 has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €-41k. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 55% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-94
Solvency67▼-15
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.99 in 2024; short-term debt: 57.9% and cash: 35.5% of total assets), but 58.3% 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41.7%
Return on assets
-23.4%
Age of the figures
18 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 14-11-2025, 14 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
14 d late
2024
on the day
2023
4 d early
2022
3 d early
2021
2 d early
2020
10 d late
2019
34 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€74k▼ 64.0%
2024 · €205k
2019: €63k
2020: €75k
2021: €143k
2022: €132k
2023: €175k
2024: €205k
2019 → 2025
Total assets
€177k▼ 51.3%
2024 · €363k
2019: €408k
2020: €412k
2021: €370k
2022: €454k
2023: €367k
2024: €363k
2019 → 2025
Net result
€-41k
2024 · €75k
2019: €122k
2020: €162k
2021: €69k
2022: €-11k
2023: €88k
2024: €75k
2019 → 2025
Working capital
€74k▼ 52.1%
2024 · €156k
2019: €-9k
2020: €6k
2021: €81k
2022: €74k
2023: €120k
2024: €156k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€143k-€132k▼ 7.9%€175k▲ 32.8%€205k▲ 16.9%€74k▼ 64.0%
Operating result€90k-€-10k€106k€95k▼ 10.2%€-112k
Net result€69k-€-11k€88k€75k▼ 15.6%€-41k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €112k after €95k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €177k
Equity
€74k ▼ 64.0%
Debt
€103k ▼ 34.6%
Debt's share of the balance-sheet total rises from 43.4% to 58.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-104k▼
2024 · €101k
Cash flow
€-34k▼
2024 · €80k
Current ratio
1.73▼
2024 · 1.99
Quick ratio
1.31▼
2024 · 1.46
Debt to equity
1.40▲
2024 · 0.77
ROE
-56.1%▼
2024 · 36.4%
ROA
-23.4%▼
2024 · 20.6%
Interest coverage
-5.23▼
2024 · 8.89
Debt ≤ 1 year
€102k▼
2024 · €157k
Income taxes
€17▼
2024 · €10k
Staff costs
€114k▼
2024 · €141k
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 · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€363k€177k▼
Fixed assets21/28€50k-
Intangible fixed assets21€2k-
Tangible fixed assets22/27€47k-
Plant, machinery and equipment23€45k-
Furniture and vehicles24€1k-
Other tangible fixed assets26€777-
Current assets29/58€313k€177k▼
Stocks and contracts in progress3€83k€42k▼
Stocks30/36€83k€42k▼
Amounts receivable within one year40/41€69k€67k▼
Trade receivables40€5k€11k▲
Other amounts receivable41€64k€56k▼
Cash at bank and in hand54/58€152k€63k▼
Deferred charges and accrued income490/1€10k€4k▼
Equity and liabilities
Total equity and liabilities10/49€363k€177k▼
Equity10/15€205k€74k▼
Contributions10/11€50k€50k=
Reserves13€155k€24k▼
Non-distributable reserves130/1€5k-
Reserves not available under the articles1311€5k-
Distributable reserves133€150k€24k▼
Amounts payable17/49€157k€103k▼
Amounts payable within one year42/48€157k€102k▼
Trade debts44€93k€93k▼
Suppliers440/4€93k€93k▼
Taxes, remuneration and social security45€20k€10k▼
Remuneration and social security454/9€20k€10k▼
Other amounts payable47/48€45k€23▼
Accrued charges and deferred income492/3-€762
Income statement
Code20242025
Remuneration, social security and pensions62€141k€114k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€58k
Gross operating margin9900€244k€70k▼
Operating profit (loss)9901€95k€-112k▼
Financial income75/76B€1k€91k▲
Recurring financial income75€1k€746▼
Non-recurring financial income76B€268€90k▲
Financial charges65/66B€11k€20k▲
Recurring financial charges65€11k€20k▲
Profit (loss) for the period before taxes9903€85k€-41k▼
Income taxes67/77€10k€17▼
Profit (loss) for the period9904€75k€-41k▼
Profit (loss) for the period to be appropriated9905€75k€-41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€75k€-41k▼
Transfer from equity791/2-€131k
Transfer to equity691/2€30k-
To other reserves6921€30k-
Profit to be distributed694/7€45k€90k▲
Return on contributions (dividend)694-€90k
Directors or managers695€45k-
Social balance
Average headcount (FTE)90874.43.8▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
14-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
31-03
Financial
Weakest financial yearnet €-41k ▼155%
Net result drops to €-41k, the lowest in the series.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Equity above €200kEq €205k ▲16.9%
2 profitable years in a row build equity to €205k.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Back to profitnet €88k
Net result €88k after one loss-making year.
31-03
Financial
Equity above €150kEq €175k ▲32.8%
Equity rises from €132k to €175k.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Equity above €100kEq €143k ▲91.9%
3 profitable years in a row build equity to €143k.
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
31-03
Financial
Highest result since 2019net €162k ▲32.1%
Operating result €249k, net result €162k, both a record.
Show earlier events
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
11-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2016
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.
Koningin Astridplein 272018 AntwerpenGround area
3.5 ha
Building footprint
1.9 ha
Volume, LiDAR
564,177 m³
Parcel 11808H0963/00Z009, Flanders · tallest building 72.8 m, ±11 floors. Linked by address, not a title deed.
1 establishment unit
RS STATION 47
since 20162.249.212.838
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H0963/00Z009 | Flanders | 3.5 ha | 1 · 1.9 ha | 72.8 m · 11 fl. |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 792 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 792 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.249.212.838
Dual-learning approval
1 endedWinkelbediende (so)
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Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 4,671 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
Founded18-01-2016
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.