ACTIVE

RM SYSTEM

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Financial year 2025 · closed on 31/12/2025

Net result

85,3 k €

+171.0% YoY

Revenue

0 €

Equity

182,9 k €

+87.3% YoY

Workforce

3,7 ETP

0.0% YoY

What does RM SYSTEM do?

RM SYSTEM is a Private limited company incorporated in 2011. Its registered office is in Kelmis. It employs on average 3,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0839.343.869

Incorporation

16/09/2011

Legal form

Private limited company

Registered office

Rue Kloth 44
4720 Kelmis · WallonieSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Average workforce

3,7 ETP

Joint committees (3)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Revenue	0 €		–		–		–		–		–		–		489 k €	+586%	71,3 k €		–		–		169,4 k €	+24.2%	136,3 k €	-20.3%	170,9 k €
EBITDA	169,5 k €	+1055%	14,7 k €	-92.6%	198,4 k €	+41.6%	140 k €	+41.2%	99,2 k €	-47.7%	189,6 k €	+185%	66,5 k €	+80.6%	36,8 k €	+830%	4 k €	+158%	-6,8 k €	-155%	12,5 k €	-7.2%	13,5 k €	-17.3%	16,3 k €	-60.3%	41 k €
Operating result	104,3 k €	+206%	-98,8 k €	-169%	143,1 k €	+74.1%	82,2 k €	+125%	36,6 k €	-72.2%	131,9 k €	+412%	25,8 k €	+51.6%	17 k €	+1741%	-1 k €	+91.4%	-12 k €	-738%	1,9 k €	+676%	-327,6 €	-120%	1,6 k €	-92.7%	21,9 k €
Net result	85,3 k €	+171%	-120,2 k €	-315%	55,9 k €	+62.9%	34,3 k €	+137%	14,5 k €	-82.2%	81,3 k €	+1327%	5,7 k €	-55.7%	12,8 k €	+808%	-1,8 k €	+85.7%	-12,7 k €	-2856%	460,9 €	+118%	-2,6 k €	-1930%	-126,9 €	-101%	13,3 k €
Balance sheet
Equity	182,9 k €	+87.3%	97,6 k €	-55.2%	217,8 k €	+34.5%	161,9 k €	+26.9%	127,5 k €	+12.8%	113 k €	+256%	31,7 k €	+21.9%	26 k €	+86.2%	14 k €	-11.5%	15,8 k €	-44.6%	28,5 k €	-7.0%	30,6 k €	-7.8%	33,2 k €	-0.4%	33,3 k €
Total assets	539,4 k €	+11.1%	485,7 k €	-25.5%	651,6 k €	-8.3%	710,7 k €	+13.1%	628,4 k €	+5.4%	596,4 k €	+77.9%	335,3 k €	-24.5%	444,2 k €	+1497%	27,8 k €	-23.5%	36,3 k €	-34.6%	55,6 k €	-20.7%	70,1 k €	+1.9%	68,8 k €	-23.6%	90 k €
Cash	43,4 k €	+1953%	2,1 k €	-96.7%	64,7 k €	+15.0%	56,2 k €	+3.8%	54,2 k €	+953%	5,1 k €	-88.2%	43,6 k €	+778%	5 k €	+157%	1,9 k €	-58.5%	4,7 k €	-74.9%	18,6 k €	+28.0%	14,5 k €	+601%	2,1 k €	-87.1%	16 k €
Debts	356,4 k €	-8.2%	388,1 k €	-10.6%	433,8 k €	-21.0%	548,8 k €	+9.6%	500,9 k €	+3.6%	483,4 k €	+59.2%	303,6 k €	-27.4%	418,2 k €	+2963%	13,7 k €	-33.3%	20,5 k €	-21.5%	26,1 k €	-32.1%	38,4 k €	+10.4%	34,8 k €	-38.3%	56,5 k €
Other
Workforce	3,7 ETP	0.0%	3,7 ETP	+8.8%	3,4 ETP	-52.8%	7,2 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

RICHARD MASSONET

Mandate

Active

Ended mandates

ALAIN ROGISTER

Mandate

Ended

MIREILLE LOOZEN

Mandate

Ended

Richard Massonet

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro 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	01/07/2026	08/07/2025	12/09/2024	31/08/2023	26/08/2022	27/08/2021
General meeting	30/06/2026	24/05/2025	25/06/2024	27/06/2023	28/06/2022	29/06/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	01/07/2026	French	PDF
Abridged model	31/12/2024	24/05/2025	08/07/2025	French	PDF
Abridged model	31/12/2023	25/06/2024	12/09/2024	French	PDF
Abridged model	31/12/2022	27/06/2023	31/08/2023	French	PDF
Micro model	31/12/2021	28/06/2022	26/08/2022	French	PDF
Micro model	31/12/2020	29/06/2021	27/08/2021	French	PDF
Micro model	31/12/2019	30/06/2020	27/08/2020	French	PDF
Micro model	31/12/2018	25/06/2019	30/09/2019	French	PDF
Micro model	31/12/2017	26/06/2018	28/06/2018	French	PDF
Micro model	31/12/2016	27/06/2017	29/06/2017	French	PDF
Abridged model	31/12/2015	28/06/2016	30/06/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	01/07/2015	French	PDF
Abridged model	31/12/2013	24/06/2014	26/06/2014	French	PDF
Abridged model	31/12/2012	25/06/2013	26/06/2013	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 1 active · 3 ended

Active mandates

RICHARD MASSONET

Mandate

Active

Ended mandates

ALAIN ROGISTER

Mandate

Ended

MIREILLE LOOZEN

Mandate

Ended

Richard Massonet

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office26/04/2021
SIEGE SOCIAL - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other14/02/2019
DIVERS
PDF
Mandates20/07/2018
DENOMINATION - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares15/02/2012
CAPITAL, ACTIONS
PDF
Other28/09/2011
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202585,3 k €↑
2024
Annual accounts 2024-120,2 k €↓
2023
Annual accounts 202355,9 k €↑
2022
Annual accounts 202234,3 k €↑
2021
Annual accounts 202114,5 k €↓
2020
Annual accounts 202081,3 k €↑
2019
Annual accounts 20195,7 k €↓
2018
Annual accounts 201812,8 k €↑
2018
Name changeRM SYSTEM SPRL
2017
Annual accounts 2017-1,8 k €↑
2016
Annual accounts 2016-12,7 k €↓
2015
Annual accounts 2015460,9 €↑
2014
Annual accounts 2014-2,6 k €↓
2013
Annual accounts 2013-126,9 €↓
2012
Annual accounts 201213,3 k €
2012
Name changeROGISTER ALAIN
16/09/2011
IncorporationPrivate 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

RM SYSTEM

Overview

What does RM SYSTEM do?

Trend over 14 financial years

Indicative valuation

Board of directors

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