RSDECO
ActiveRSDECO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €181k and a net result of €-30k. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 44% of 4149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▲+12
Solvency56▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.5 against 1.69 in 2024; short-term debt: 63.4% and cash: 8.1% of total assets), but 68.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 47
Relative position
BE, all sectors
reference
Sector 47
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
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 €-30k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 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
32 d late
2024
175 d late
2023
5 d early
2022
53 d early
2021
20 d early
2020
18 d early
2019
37 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-30k▲ 69.8%
2024 · €-98k
2018: €-103k
2019: €-12k
2020: €11k
2021: €106k
2022: €65k
2023: €129k
2024: €-98k
2018 → 2025
Working capital
€184k▼ 18.8%
2024 · €226k
2018: €100k
2019: €75k
2020: €72k
2021: €168k
2022: €238k
2023: €292k
2024: €226k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€187k-€252k▲ 34.7%€308k▲ 22.2%€211k▼ 31.7%€181k▼ 14.0%
Operating result€116k-€96k▼ 17.1%€178k▲ 84.7%€-71k€-3k▲ 95.3%
Net result€106k-€65k▼ 38.9%€129k▲ 98.2%€-98k€-30k▲ 69.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €71k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €577k
Fixed assets
€27k▲ 19.0%
Current assets
€550k▼ 0.8%
Equity and liabilities €577k
Equity
€181k▼ 14.0%
Debt
€396k▲ 8.1%
The debt ratio rises from 63.5% to 68.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▲
2024 · €-70k
Cash flow
€-28k▲
2024 · €-97k
Solvency
31.4%▼
2024 · 36.5%
Current ratio
1.50▼
2024 · 1.69
Quick ratio
0.38▼
2024 · 0.51
Debt / equity
2.18▲
2024 · 1.74
ROE
-16.3%▲
2024 · -46.4%
ROA
-5.1%▲
2024 · -16.9%
Interest coverage
-0.11▲
2024 · -4.35
Debt
€396k▲
2024 · €366k
Debt ≤ 1 year
€366k▲
2024 · €328k
Debt > 1 year
€29k▼
2024 · €38k
Staff costs
€257k▼
2024 · €315k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€577k€577k=
Fixed assets21/28€23k€27k▲
Tangible fixed assets22/27€4k€3k▼
Furniture and vehicles24€1k€544▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€19k€24k▲
Current assets29/58€554k€550k▼
Stocks and contracts in progress3€388k€410k▲
Stocks30/36€388k€410k▲
Amounts receivable within one year40/41€98k€92k▼
Trade receivables40-€8k
Other amounts receivable41€98k€84k▼
Cash at bank and in hand54/58€58k€47k▼
Deferred charges and accrued income490/1€11k€1k▼
Equity and liabilities
Total equity and liabilities10/49€577k€577k=
Equity10/15€211k€181k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€149k€120k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€143k€113k▼
Amounts payable17/49€366k€396k▲
Amounts payable after more than one year17€38k€29k▼
Financial debts170/4€38k€29k▼
Amounts payable within one year42/48€328k€366k▲
Current portion of amounts payable after more than one year42€9k€10k▲
Financial debts43€101k€115k▲
Credit institutions430/8€101k€115k▲
Trade debts44€123k€92k▼
Suppliers440/4€123k€92k▼
Advances received on contracts in progress46-€9k
Taxes, remuneration and social security45€94k€140k▲
Taxes450/3€74k€120k▲
Remuneration and social security454/9€20k€21k▲
Accrued charges and deferred income492/3-€927
Income statement
Code20242025
Non-recurring operating income76A€3k€1k▼
Remuneration, social security and pensions62€315k€257k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A€9k€19▼
Gross operating margin9900€257k€259k▲
Operating profit (loss)9901€-71k€-3k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€20k€26k▲
Recurring financial charges65€16k€20k▲
Non-recurring financial charges66B€4k€6k▲
Profit (loss) for the period before taxes9903€-91k€-30k▲
Income taxes67/77€6k-
Profit (loss) for the period9904€-98k€-30k▲
Profit (loss) for the period to be appropriated9905€-98k€-30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-98k€-30k▲
Transfer from equity791/2€98k€30k▼
Social balance
Average headcount (FTE)908710.77.7▼
The notes to these accounts (16 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
2026
01-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 32 days late
22-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 175 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €129k ▲98.2%
Operating result €178k, net result €129k, both a record.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200kEq €252k ▲34.7%
3 profitable years in a row build equity to €252k.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150kEq €187k ▲132%
2 profitable years in a row build equity to €187k.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
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.
Directors · office · real estate
Directors
no sitting director, no change since 2018
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-06-2018
Resigned as Director
31-01-2018
Resigned as Director
Location & real-estate footprint
Registered office, Aiseau-Presles · 2 establishment units 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.
Rue Campinaire(PL) 746250 Aiseau-PreslesGround area
1,717 m²
Building footprint
1,189 m²
Volume, LiDAR
5,507 m³
2 parcels, Wallonia · tallest building 5.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
RSDECO
since 20102.192.533.263
RSDECO
since 20132.229.124.039
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56043C0123/00K000 | Wallonia | 1,117 m² | 1 · 1,189 m² | 5.4 m · 2 fl. |
| 52056B0165/00N003 | Wallonia | 600 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesAiseau-Presles2.192.533.263
Binche2.229.124.039
Similar companies · same sector, comparable size
FIDISE
BE 0887.110.035
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ZWINA
BE 0648.783.708
Sint-Jans-Molenbeek · Eq €183k
TRANSMISSION
BE 0431.138.967
Gerpinnes · Eq €185k
Etablissements Demeuldre
BE 0402.033.227
Elsene · Eq €190k
TH Enterprise
BE 0895.220.324
Antwerpen · Eq €194k
Of 426 companies in sector 47553 we hold annual accounts for 169. 120 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-10-2010
Fiscal year end31-12
Activities, NACEBEL
47120Other non-specialised retail sale
47191Retail trade
47553Retail trade
47593Retail trade
47400Retail sale of information and communication equipment
47430Retail trade
47525Retail trade
47559Retail sale of other household articles
47599Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.