ACTIVE

RSQUARE

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Financial year 2025 · closed on 31/12/2025

Net result

12,6 k €

-35.7% YoY

Gross margin

83,6 k €

-4.6% YoY

Equity

292,7 k €

-47.4% YoY

Workforce

1,0 ETP

0.0% YoY

What does RSQUARE do?

RSQUARE is a Private limited company incorporated in 2006. Its main activity is: Electrical installation. Its registered office is in Genappe. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.359.744

Incorporation

05/01/2006

Legal form

Private limited company

Registered office

Chemin de la Bruyère 47
1473 Genappe · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 62020Computer consultancy activities 62200Computer programming, consultancy and related activities 46190Agents involved in the sale of a variety of goods 46190Agents involved in the sale of a variety of goods+4

Joint committees (3)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	83,6 k €	-4.6%	87,6 k €	-3.6%	90,8 k €	-47.0%	171,4 k €	-32.9%	255,6 k €	-10.2%	284,7 k €	+56.0%	182,5 k €	-21.0%	230,9 k €	+67.9%	137,5 k €	+29.3%	106,3 k €	-34.7%	162,8 k €	-1.9%	165,9 k €	-18.1%	202,6 k €	+91.1%	106,1 k €	-22.6%	137 k €	+10.3%	124,1 k €	+593%	17,9 k €	+139%	7,5 k €	+301%	1,9 k €	+118%	-10,4 k €
EBITDA	38 k €	-3.9%	39,6 k €	-2.5%	40,6 k €	-68.5%	128,9 k €	-36.3%	202,3 k €	-16.7%	243,1 k €	+98.9%	122,2 k €	-18.0%	149 k €	+76.8%	84,3 k €	+33.7%	63,1 k €	-37.6%	101,1 k €	-15.8%	120,1 k €	-15.6%	142,3 k €	+99.4%	71,4 k €	-44.7%	129 k €	+15.7%	111,5 k €	+579%	16,4 k €	+146%	6,7 k €	+542%	1 k €	+109%	-11,8 k €
Operating result	21,3 k €	-12.4%	24,3 k €	-15.7%	28,9 k €	-75.4%	117,6 k €	-38.4%	190,8 k €	-14.7%	223,7 k €	+137%	94,5 k €	-26.3%	128,3 k €	+79.8%	71,4 k €	+45.7%	49 k €	-48.9%	95,8 k €	-12.5%	109,5 k €	-15.1%	129 k €	+175%	46,8 k €	-57.0%	109 k €	+15.1%	94,7 k €	+522%	15,2 k €	+198%	5,1 k €	+704%	-846 €	+93.2%	-12,4 k €
Net result	12,6 k €	-35.7%	19,5 k €	+54.4%	12,6 k €	-84.5%	81,6 k €	-35.1%	125,8 k €	-16.6%	150,8 k €	+175%	54,8 k €	-15.9%	65,2 k €	+120%	29,7 k €	-22.9%	38,5 k €	-34.9%	59,2 k €	-20.9%	74,8 k €	-6.8%	80,2 k €	+169%	29,8 k €	-53.2%	63,8 k €	+15.2%	55,4 k €	+356%	12,1 k €	+205%	4 k €	+360%	-1,5 k €	+87.8%	-12,5 k €
Balance sheet
Equity	292,7 k €	-47.4%	556,7 k €	-5.8%	591,1 k €	-4.6%	619,5 k €	+15.2%	537,9 k €	+7.5%	500,6 k €	+43.1%	349,8 k €	+18.6%	294,9 k €	+11.1%	265,4 k €	+12.6%	235,7 k €	-8.9%	258,8 k €	+29.6%	199,7 k €	+59.9%	124,9 k €	-26.4%	169,7 k €	+21.3%	139,9 k €	+83.8%	76,1 k €	+267%	20,7 k €	+2342%	-924 €	+81.2%	-4,9 k €	-45.3%	-3,4 k €
Total assets	1,1 M €	-13.5%	1,2 M €	+45.8%	837,3 k €	-25.6%	1,1 M €	+39.9%	804 k €	-31.2%	1,2 M €	+39.1%	839,6 k €	+1.6%	826,3 k €	+43.4%	576,1 k €	-29.7%	819,1 k €	+16.4%	703,6 k €	+15.2%	610,8 k €	+53.3%	398,5 k €	-3.6%	413,5 k €	-22.1%	530,9 k €	-9.0%	583,6 k €	+352%	129 k €	+1002%	11,7 k €	+406%	2,3 k €	-59.9%	5,8 k €
Cash	346 k €	+58.4%	218,5 k €	-51.2%	447,8 k €	-34.3%	681,1 k €	+25.8%	541,4 k €	+4.9%	515,9 k €	+1.7%	507,3 k €	+161%	194,2 k €	+175%	70,6 k €	-70.3%	238 k €	-25.3%	318,6 k €	+41.2%	225,7 k €	+47.8%	152,7 k €	+54.9%	98,5 k €	-54.1%	214,8 k €	+6853%	3,1 k €		–		–		–		–
Debts	763,7 k €	+15.0%	664,2 k €	+170%	246,2 k €	-51.3%	505,2 k €	+89.9%	266,1 k €	-60.0%	664,6 k €	+38.4%	480 k €	-9.6%	531,1 k €	+71.0%	310,7 k €	-46.7%	583,4 k €	+31.2%	444,8 k €	+18.2%	376,3 k €	+37.5%	273,7 k €	+12.2%	243,8 k €	-37.6%	391,1 k €	-12.3%	446 k €	+312%	108,3 k €	+757%	12,6 k €	+75.1%	7,2 k €	-21.1%	9,1 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-16.7%	1,2 ETP		–		–		1,9 ETP	+72.7%	1,1 ETP	+10.0%	1,0 ETP	-33.3%	1,5 ETP	+7.1%	1,4 ETP	+7.7%	1,3 ETP	-35.0%	2,0 ETP	+100%	1,0 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Reginald Russ

Director · since 05 janvier 2006

Active

Ended mandates

Réginald Russ

Manager · since 05 janvier 2006

Ended

Réginald Russ

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
R.I.S.● Active	0841.709.184

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	31/08/2026	28/08/2025	30/08/2024	17/10/2023	31/08/2022	19/10/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	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	31/08/2026	French	PDF
Abridged model	31/12/2024	02/06/2025	28/08/2025	French	PDF
Abridged model	31/12/2023	03/06/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	05/06/2023	17/10/2023	French	PDF
Abridged model	31/12/2021	07/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	07/06/2021	19/10/2021	French	PDF
Abridged model	31/12/2019	01/06/2020	16/11/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	25/10/2019	French	PDF
Abridged model	31/12/2017	04/06/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	05/06/2017	20/10/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	11/09/2015	French	PDF
Abridged model	31/12/2013	06/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	07/06/2013	30/09/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	30/09/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	13/08/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	11/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 · 2 ended

Active mandates

Reginald Russ

Director · since 05 janvier 2006

Active

Ended mandates

Réginald Russ

Manager · since 05 janvier 2006

Ended

Réginald Russ

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/12/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - ADRESSE AUTRE QUE SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Registered office08/10/2009
SIEGE SOCIAL
PDF
Other13/01/2006
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 202512,6 k €↓
2024
Annual accounts 202419,5 k €↑
2023
Annual accounts 202312,6 k €↓
2022
Annual accounts 202281,6 k €↓
2021
Annual accounts 2021125,8 k €↓
2020
Annual accounts 2020150,8 k €↑
2019
Annual accounts 201954,8 k €↓
2018
Annual accounts 201865,2 k €↑
2017
Annual accounts 201729,7 k €↓
2016
Annual accounts 201638,5 k €↓
2015
Annual accounts 201559,2 k €↓
2014
Annual accounts 201474,8 k €↓
2013
Annual accounts 201380,2 k €↑
2012
Annual accounts 201229,8 k €↓
2011
Annual accounts 201163,8 k €↑
2010
Annual accounts 201055,4 k €↑
2009
Annual accounts 200912,1 k €↑
2008
Annual accounts 20084 k €↑
2007
Annual accounts 2007-1,5 k €↑
2006
Annual accounts 2006-12,5 k €
05/01/2006
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

RSQUARE

Overview

What does RSQUARE 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