ACTIVE

R-STREAM

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Financial year 2025 · closed on 31/12/2025

Net result

-174 k €

+63.7% YoY

Gross margin

408 k €

+175.2% YoY

Equity

131,1 k €

-57.0% YoY

Workforce

10,4 ETP

+121.3% YoY

What does R-STREAM do?

R-STREAM is a Public limited company incorporated in 1989. Its registered office is in Watermael-Boitsfort. It employs on average 10,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.381.008

Incorporation

12/09/1989

Legal form

Public limited company

Registered office

Chaussée de La Hulpe 185
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

10,4 ETP

Joint committees (2)

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	408 k €	+175%	148,2 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-132,2 k €	+71.0%	-455,6 k €	-922%	-44,6 k €	-115%	303,1 k €	+222%	94,2 k €	+112%	-788,9 k €	-34.4%	-586,9 k €	-192%	641,3 k €	-17.9%	780,9 k €	+19.8%	651,8 k €	-26.5%	887,2 k €	+54.1%	575,6 k €	+426%	109,3 k €	+202%	-107,4 k €	-166%	161,7 k €	-9.4%	178,5 k €	-21.8%	228,2 k €	+15.2%	198,1 k €	-59.0%	483,5 k €	-0.2%	484,4 k €
Operating result	-166,6 k €	+64.8%	-474 k €	-414%	151 k €	+123%	67,6 k €	+2.2%	66,1 k €	+108%	-826,4 k €	-26.6%	-652,7 k €	-224%	527,6 k €	-19.0%	651,2 k €	+21.0%	538,3 k €	-34.1%	816,5 k €	+59.6%	511,7 k €	+814%	56 k €	+129%	-191,8 k €	-437%	56,9 k €	-25.5%	76,4 k €	-38.8%	124,9 k €	+48.2%	84,3 k €	-77.1%	367,3 k €	+22.8%	299,2 k €
Net result	-174 k €	+63.7%	-478,6 k €	-427%	146,3 k €	+153%	57,8 k €	+2.6%	56,3 k €	+107%	-792,7 k €	-180%	993,6 k €	+230%	301,1 k €	-1.7%	306,2 k €	+14.5%	267,4 k €	-31.1%	387,9 k €	+3.3%	375,4 k €	+1177%	29,4 k €	+116%	-188,7 k €	-17553%	1,1 k €	-95.2%	22,7 k €	-23.5%	29,7 k €	+133%	12,7 k €	-94.9%	251,4 k €	+12.7%	223,1 k €
Balance sheet
Equity	131,1 k €	-57.0%	305,1 k €	-61.1%	783,7 k €	+22.9%	637,4 k €	-65.2%	1,8 M €	+3.2%	1,8 M €	-30.9%	2,6 M €	+26.9%	2 M €	+17.4%	1,7 M €	+21.5%	1,4 M €	+23.0%	1,2 M €	+50.3%	767 k €	+94.9%	393,4 k €	+7.5%	365,8 k €	-34.0%	554,5 k €	-0.1%	555,2 k €	+3.9%	534,3 k €	+5.5%	506,5 k €	+2.2%	495,6 k €	+0.3%	494,1 k €
Total assets	619,9 k €	+16.9%	530,2 k €	-68.1%	1,7 M €	-51.4%	3,4 M €	-1.9%	3,5 M €	-33.6%	5,3 M €	-6.2%	5,6 M €	-21.5%	7,1 M €	-9.3%	7,9 M €	-14.1%	9,2 M €	-3.7%	9,5 M €	+24.0%	7,7 M €	+79.7%	4,3 M €	+49.6%	2,9 M €	-20.8%	3,6 M €	+39.0%	2,6 M €	-25.5%	3,5 M €	-12.0%	4 M €	-19.6%	4,9 M €	-6.3%	5,2 M €
Cash	121,2 k €	-39.4%	200,1 k €	-77.9%	906,7 k €	-26.2%	1,2 M €	-27.9%	1,7 M €	+113%	798,8 k €	-13.9%	927,2 k €	+10.0%	842,9 k €	-26.3%	1,1 M €	+173%	419,1 k €	+7.9%	388,5 k €	-51.3%	798,4 k €	+165%	301 k €	+142%	124,5 k €	-75.2%	502,9 k €	+14.6%	438,9 k €	+107%	211,8 k €	-27.9%	293,7 k €	-45.4%	538,2 k €	+8.5%	495,9 k €
Debts	481 k €	+115%	224,2 k €	-74.2%	868,3 k €	-61.8%	2,3 M €	+137%	958,4 k €	-57.1%	2,2 M €	+73.6%	1,3 M €	-67.1%	3,9 M €	-26.2%	5,3 M €	-16.1%	6,3 M €	-0.8%	6,4 M €	+13.7%	5,6 M €	+77.4%	3,2 M €	+40.6%	2,2 M €	-3.3%	2,3 M €	+24.0%	1,9 M €	-1.3%	1,9 M €	-26.9%	2,6 M €	-22.6%	3,4 M €	+21.2%	2,8 M €
Other
Workforce	10,4 ETP	+121%	4,7 ETP	0.0%	4,7 ETP	-72.4%	17,0 ETP	+4.3%	16,3 ETP	+14.0%	14,3 ETP	-42.6%	24,9 ETP	-38.8%	40,7 ETP	-22.5%	52,5 ETP	+8.0%	48,6 ETP	+17.1%	41,5 ETP	+2.5%	40,5 ETP	+65.3%	24,5 ETP	-10.3%	27,3 ETP	+3.4%	26,4 ETP	+22.8%	21,5 ETP	-3.6%	22,3 ETP	-11.2%	25,1 ETP	+14.6%	21,9 ETP	+11.7%	19,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 48 ended

Active mandates

TASTE CONSULT

Director · since 05 juin 2025 · 0883.295.757

Represented by Philip Greenfield

Active

AIRPAR

Managing director · since 05 juin 2023 · 0473.621.603

Represented by Eric Hollander

Active

STEPHANE BUISSERET

Managing director · since 05 juin 2023 · 0459.103.770

Represented by Stéphane Buisseret

Active

Ended mandates

Philip Greenfied

Director · since 05 juin 2022 · until 05 juin 2023

Ended

Johannes Christophe Didisheim

Director · since 03 juin 2019 · until 01 juin 2020

Ended

Johannes Christophe Didisheim

Director · since 03 juin 2019 · until 30 novembre 2021

Ended

Johannes Christophe Didisheim

Director · since 03 juin 2019 · until 05 juin 2023

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/08/2026	27/08/2025	31/07/2024	14/06/2023	20/06/2022	30/09/2021
General meeting	01/06/2026	02/06/2025	30/06/2024	05/06/2023	07/06/2022	07/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	26/08/2026	French	PDF
Abridged model	31/12/2024	02/06/2025	27/08/2025	French	PDF
Full model	31/12/2023	30/06/2024	31/07/2024	French	PDF
Full model	31/12/2022	05/06/2023	14/06/2023	French	PDF
Full model	31/12/2021	07/06/2022	20/06/2022	French	PDF
Full model	31/12/2020	07/06/2021	30/09/2021	French	PDF
Full model	31/12/2019	30/03/2020	30/04/2020	French	PDF
Full model	31/12/2018	24/06/2019	10/07/2019	French	PDF
Full model	31/12/2017	04/06/2018	21/06/2018	French	PDF
Full model	31/12/2016	05/06/2017	16/06/2017	French	PDF
Full model	31/12/2015	06/06/2016	16/06/2016	French	PDF
Full model	31/12/2014	01/06/2015	15/06/2015	French	PDF
Full model	31/12/2013	02/06/2014	26/06/2014	French	PDF
Full model	31/12/2012	03/06/2013	28/06/2013	French	PDF
Full model	31/12/2011	04/06/2012	11/06/2012	French	PDF
Full model	31/12/2010	06/06/2011	06/07/2011	French	PDF
Full model	31/12/2009	07/06/2010	01/07/2010	French	PDF
Full model	31/12/2008	02/06/2009	14/07/2009	French	PDF
Full model	31/12/2007	02/06/2008	27/06/2008	French	PDF
Full model	31/12/2006	25/06/2007	18/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 48 ended

Active mandates

TASTE CONSULT

Director · since 05 juin 2025 · 0883.295.757

Represented by Philip Greenfield

Active

AIRPAR

Managing director · since 05 juin 2023 · 0473.621.603

Represented by Eric Hollander

Active

STEPHANE BUISSERET

Managing director · since 05 juin 2023 · 0459.103.770

Represented by Stéphane Buisseret

Active

Ended mandates

Philip Greenfied

Director · since 05 juin 2022 · until 05 juin 2023

Ended

Johannes Christophe Didisheim

Director · since 03 juin 2019 · until 01 juin 2020

Ended

Johannes Christophe Didisheim

Director · since 03 juin 2019 · until 30 novembre 2021

Ended

Johannes Christophe Didisheim

Director · since 03 juin 2019 · until 05 juin 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/09/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates26/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates01/06/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION
PDF
Other05/08/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates06/07/2022
DEMISSIONS, NOMINATIONS
PDF
Other03/09/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office16/10/2020
SIEGE SOCIAL
PDF
Mandates28/05/2020
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-174 k €↑
2024
Annual accounts 2024-478,6 k €↓
2023
Annual accounts 2023146,3 k €↑
2022
Annual accounts 202257,8 k €↑
2022
Name changeR-STREAM
2021
Annual accounts 202156,3 k €↑
2021
Name changeAIR CREATIVE ASSOCIATES
2020
Annual accounts 2020-792,7 k €↓
2019
Annual accounts 2019993,6 k €↑
2018
Annual accounts 2018301,1 k €↓
2017
Annual accounts 2017306,2 k €↑
2016
Annual accounts 2016267,4 k €↓
2015
Annual accounts 2015387,9 k €↑
2014
Annual accounts 2014375,4 k €↑
2013
Annual accounts 201329,4 k €↑
2012
Annual accounts 2012-188,7 k €↓
2011
Annual accounts 20111,1 k €↓
2010
Annual accounts 201022,7 k €↓
2009
Annual accounts 200929,7 k €↑
2008
Annual accounts 200812,7 k €↓
2007
Annual accounts 2007251,4 k €↑
2006
Annual accounts 2006223,1 k €
12/09/1989
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

R-STREAM

Overview

What does R-STREAM do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline