ACTIVE

R² PROJECTS

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Financial year 2025 · closed on 30/09/2025

Net result

107,3 k €

-29.8% YoY

Gross margin

1,9 M €

-3.2% YoY

Equity

911,3 k €

+22.4% YoY

What does R² PROJECTS do?

R² PROJECTS is a Public limited company incorporated in 2007. Its main activity is: Manufacture of paints, varnishes and similar coatings, printing ink and mastics. Its registered office is in Dendermonde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.440.411

Incorporation

15/05/2007

Legal form

Public limited company

Registered office

Hoogveld 52
9200 Dendermonde · FlandreSee on map

Contributed capital

170 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics· main 28120Manufacture of fluid power equipment 43320Joinery installation 43320Joinery installation 25120Manufacture of doors and windows of metal 25120Manufacture of doors and windows of metal+1

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,9 M €	-3.2%	1,9 M €	+11.5%	1,7 M €	+4.7%	1,6 M €	-3.0%	1,7 M €	+17.4%	1,4 M €	-3.1%	1,5 M €	+9.1%	1,4 M €	-0.4%	1,4 M €	+15.4%	1,2 M €	+13.0%	1,1 M €	+27.4%	824,1 k €	-15.8%	978,8 k €	+20.7%	811,2 k €	+2.8%	788,7 k €	+10.4%	714,4 k €	+16.8%	611,6 k €	+22.3%	499,9 k €
EBITDA	218 k €	-34.0%	330,2 k €	+8.1%	305,5 k €	+56.1%	195,7 k €	-19.3%	242,5 k €	+46.0%	166,2 k €	-22.8%	215,3 k €	+3.1%	208,8 k €	-11.1%	234,8 k €	+27.0%	184,9 k €	+8.9%	169,7 k €	+28.3%	132,3 k €	-41.4%	225,7 k €	+67.1%	135,1 k €	+5.7%	127,7 k €	+10.6%	115,5 k €	-3.5%	119,7 k €	+79.1%	66,9 k €
Operating result	164,5 k €	-39.3%	270,8 k €	+6.7%	253,8 k €	+70.3%	149 k €	-19.3%	184,6 k €	+94.3%	95 k €	-8.4%	103,7 k €	+8.4%	95,7 k €	-10.6%	106,9 k €	+85.1%	57,8 k €	-16.5%	69,2 k €	+30.6%	53 k €	-57.2%	123,8 k €	+164%	46,9 k €	+5.9%	44,3 k €	+17.4%	37,8 k €	-19.0%	46,6 k €	+548%	7,2 k €
Net result	107,3 k €	-29.8%	152,7 k €	-1.1%	154,5 k €	+172%	56,7 k €	-42.2%	98,1 k €	+76.3%	55,6 k €	+10.3%	50,4 k €	+47.0%	34,3 k €	+34.8%	25,4 k €	+35.4%	18,8 k €	-33.1%	28,1 k €	-3.8%	29,2 k €	-40.0%	48,6 k €	+467%	8,6 k €	-22.6%	11,1 k €	+299%	2,8 k €	-82.9%	16,2 k €	+1506%	1 k €
Balance sheet
Equity	911,3 k €	+22.4%	744,2 k €	+14.3%	651,3 k €	+31.1%	496,8 k €	-12.9%	570,2 k €	+14.0%	500,2 k €	+12.5%	444,6 k €	+12.8%	394,2 k €	+9.5%	359,9 k €	+7.6%	334,4 k €	+6.0%	315,6 k €	+9.8%	287,5 k €	+11.3%	258,3 k €	+23.2%	209,7 k €	+4.3%	201,1 k €	+5.8%	190 k €	+183%	67,2 k €	+159%	26 k €
Total assets	1,8 M €	-2.0%	1,8 M €	+6.2%	1,7 M €	-4.0%	1,8 M €	+5.3%	1,7 M €	+10.2%	1,6 M €	+2.9%	1,5 M €	-14.5%	1,8 M €	+14.9%	1,5 M €	+3.3%	1,5 M €	-18.5%	1,8 M €	+76.6%	1 M €	-2.9%	1,1 M €	+0.8%	1,1 M €	-6.8%	1,1 M €	+2.6%	1,1 M €	+53.0%	724,1 k €	-15.2%	853,7 k €
Cash	267,4 k €	+125%	119,1 k €	-62.4%	317 k €	+147%	128,3 k €	+20.8%	106,3 k €	-66.4%	316,6 k €	+65.4%	191,4 k €	+29.2%	148,1 k €	+81.7%	81,5 k €	-52.8%	172,5 k €	-3.5%	178,7 k €	+20.9%	147,8 k €	+66.2%	89 k €	+178%	31,9 k €	+354%	7 k €	-77.0%	30,6 k €	-68.0%	95,9 k €	+576%	14,2 k €
Debts	893,4 k €	-18.6%	1,1 M €	+1.5%	1,1 M €	-17.3%	1,3 M €	+28.4%	1 M €	-3.6%	1,1 M €	-1.1%	1,1 M €	-21.4%	1,4 M €	+15.1%	1,2 M €	+2.1%	1,2 M €	-23.5%	1,5 M €	+102%	748,1 k €	-6.7%	801,4 k €	-4.3%	837 k €	-9.7%	927,1 k €	+3.3%	897,8 k €	+40.4%	639,6 k €	-19.1%	790,1 k €
Other
Workforce	–		24,3 ETP	-2.4%	24,9 ETP	+5.1%	23,7 ETP	-8.8%	26,0 ETP	+6.6%	24,4 ETP	+1.2%	24,1 ETP	+3.0%	23,4 ETP	+0.9%	23,2 ETP	+11.0%	20,9 ETP	+0.5%	20,8 ETP	+47.5%	14,1 ETP	-9.0%	15,5 ETP	+6.9%	14,5 ETP	+5.1%	13,8 ETP	+1.5%	13,6 ETP	+23.6%	11,0 ETP	+42.9%	7,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 20 ended

Active mandates

Christiaan Jeanne Rymenants

Managing director · since 10 mai 2022 · until 09 mai 2028

Active

Jan Rens

Managing director · since 10 mai 2022 · until 09 mai 2028

Active

Ended mandates

R & R PARTNERS

Director · since 10 mai 2022 · until 09 mai 2028 · 0453.497.962

Ended

Christiaan Jeanne Rymenants

Managing director · since 10 mai 2016 · until 09 mai 2022

Ended

Christiaan Rymenants

Mandate · since 10 mai 2016 · until 09 mai 2022

Ended

Christiaan RYMENANTS

Managing director · since 10 mai 2016 · until 10 mai 2022

Ended

At this address

Other companies at this address

Company	CBE no.
R & R PARTNERS● Active	0453.497.962

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/04/2026	30/04/2025	30/04/2024	03/05/2023	31/03/2022	28/04/2021
General meeting	06/03/2026	07/03/2025	01/03/2024	03/03/2023	04/03/2022	26/03/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	06/03/2026	28/04/2026	Dutch	PDF
Abridged model	30/09/2024	07/03/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	01/03/2024	30/04/2024	Dutch	PDF
Abridged model	30/09/2022	03/03/2023	03/05/2023	Dutch	PDF
Abridged model	30/09/2021	04/03/2022	31/03/2022	Dutch	PDF
Abridged model	30/09/2020	26/03/2021	28/04/2021	Dutch	PDF
Abridged model	30/09/2019	31/03/2020	30/04/2020	Dutch	PDF
Abridged model	30/09/2018	01/03/2019	28/04/2019	Dutch	PDF
Abridged model	30/09/2017	31/03/2018	15/05/2018	Dutch	PDF
Abridged model	30/09/2016	03/03/2017	29/03/2017	Dutch	PDF
Abridged model	30/09/2015	04/03/2016	30/03/2016	Dutch	PDF
Abridged model	30/09/2014	06/03/2015	31/03/2015	Dutch	PDF
Abridged model	30/09/2013	07/03/2014	28/04/2014	Dutch	PDF
Abridged model	30/09/2012	30/03/2013	29/04/2013	Dutch	PDF
Abridged model	30/09/2011	30/03/2012	14/05/2012	Dutch	PDF
Abridged model	30/09/2010	29/03/2011	30/03/2011	Dutch	PDF
Abridged model	30/09/2009	26/03/2010	25/04/2010	Dutch	PDF
Abridged model	30/09/2008	06/03/2009	31/03/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/09/2025 · 2 active · 20 ended

Active mandates

Christiaan Jeanne Rymenants

Managing director · since 10 mai 2022 · until 09 mai 2028

Active

Jan Rens

Managing director · since 10 mai 2022 · until 09 mai 2028

Active

Ended mandates

R & R PARTNERS

Director · since 10 mai 2022 · until 09 mai 2028 · 0453.497.962

Ended

Christiaan Jeanne Rymenants

Managing director · since 10 mai 2016 · until 09 mai 2022

Ended

Christiaan Rymenants

Mandate · since 10 mai 2016 · until 09 mai 2022

Ended

Christiaan RYMENANTS

Managing director · since 10 mai 2016 · until 10 mai 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/08/2010
MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/05/2010
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Other25/05/2007
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025107,3 k €↓
2024
Annual accounts 2024152,7 k €↓
2023
Annual accounts 2023154,5 k €↑
2022
Annual accounts 202256,7 k €↓
2021
Annual accounts 202198,1 k €↑
2020
Annual accounts 202055,6 k €↑
2019
Annual accounts 201950,4 k €↑
2018
Annual accounts 201834,3 k €↑
2017
Annual accounts 201725,4 k €↑
2016
Annual accounts 201618,8 k €↓
2015
Annual accounts 201528,1 k €↓
2014
Annual accounts 201429,2 k €↓
2013
Annual accounts 201348,6 k €↑
2012
Annual accounts 20128,6 k €↓
2011
Annual accounts 201111,1 k €↑
2010
Annual accounts 20102,8 k €↓
2009
Annual accounts 200916,2 k €↑
2008
Annual accounts 20081 k €
15/05/2007
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

R² PROJECTS

Overview

What does R² PROJECTS do?

Trend over 18 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