ACTIVE

EXPLOITATIEMAATSCHAPPIJ RSB

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

170,1 k €

+171.5% YoY

Gross margin

2,1 M €

+45.9% YoY

Equity

493,9 k €

+17.2% YoY

Workforce

19,2 ETP

+2.7% YoY

What does EXPLOITATIEMAATSCHAPPIJ RSB do?

EXPLOITATIEMAATSCHAPPIJ RSB is a Public limited company incorporated in 2007. Its registered office is in Gent. It employs on average 19,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.868.991

Incorporation

06/06/2007

Legal form

Public limited company

Registered office

Pieter Brueghellaan 1
9051 Gent · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Average workforce

19,2 ETP

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	2,1 M €	+45.9%	1,4 M €	+5.0%	1,4 M €	-7.2%	1,5 M €	-13.8%	1,7 M €	-32.2%	2,5 M €	-19.8%	3,1 M €	+23.0%	2,5 M €	+2.2%	2,5 M €	+4.5%	2,4 M €	+3285%	70,4 k €	-23.6%	92,1 k €	+136%	39,1 k €	+2.9%	38 k €	+731%	4,6 k €	-89.5%	43,7 k €
EBITDA	352,6 k €	+843%	-47,5 k €	-231%	36,3 k €	-73.8%	138,4 k €	-68.8%	444 k €	+16.4%	381,3 k €	+1.9%	374,2 k €	+181%	133,1 k €	-26.0%	179,9 k €	+2239%	-8,4 k €	+89.6%	-81 k €	-243%	56,7 k €	+264%	15,6 k €	+30.0%	12 k €	+238%	3,6 k €	+163%	-5,6 k €
Operating result	169,8 k €	+166%	-256,8 k €	-101%	-127,6 k €	-1672%	8,1 k €	-97.1%	280,1 k €	+125%	124,2 k €	-39.1%	203,9 k €	+1567%	12,2 k €	-88.4%	105,8 k €	+391%	-36,3 k €	+56.2%	-82,8 k €	-249%	55,7 k €	+303%	13,8 k €	+29.8%	10,7 k €	+395%	2,2 k €	+130%	-7,3 k €
Net result	170,1 k €	+171%	-238,1 k €	-249%	-68,2 k €	-7571%	-888,7 €	-100%	240,6 k €	+220%	75,1 k €	-42.4%	130,5 k €	+736%	15,6 k €	-82.6%	89,9 k €	+16819%	-537,5 €	+98.5%	-34,8 k €	+47.9%	-66,8 k €	-618%	12,9 k €	+2120%	581,4 €	-53.0%	1,2 k €	+115%	-8,3 k €
Balance sheet
Equity	493,9 k €	+17.2%	421,5 k €	-36.4%	663,3 k €	-9.8%	735,2 k €	-0.6%	739,8 k €	+135%	315,4 k €	+31.3%	240,3 k €	+119%	109,8 k €	+16.6%	94,2 k €	+2092%	4,3 k €	-11.1%	4,8 k €	-87.8%	39,7 k €	-62.7%	106,5 k €	+13.8%	93,6 k €	+0.6%	93 k €	+1.3%	91,7 k €
Total assets	2,1 M €	-17.3%	2,5 M €	+0.4%	2,5 M €	-20.8%	3,1 M €	-41.0%	5,3 M €	+93.7%	2,7 M €	+33.6%	2 M €	+17.4%	1,7 M €	-3.8%	1,8 M €	+78.6%	1 M €	+13.1%	898,5 k €	+738%	107,3 k €	-37.6%	171,8 k €	+63.5%	105,1 k €	-15.4%	124,2 k €	-11.4%	140,3 k €
Cash	164,3 k €	-57.1%	382,7 k €	+53.9%	248,7 k €	-37.6%	398,5 k €	+3.4%	385,4 k €	-6.0%	409,9 k €	-42.3%	710,2 k €	+84.7%	384,6 k €	-54.2%	839,7 k €	+285%	218,4 k €	-46.6%	409,2 k €	+387%	84 k €	-8.0%	91,3 k €	+56.2%	58,5 k €	-22.6%	75,5 k €	+28.2%	58,9 k €
Debts	1,5 M €	-25.8%	2 M €	+15.3%	1,8 M €	-25.1%	2,4 M €	-46.4%	4,4 M €	+84.2%	2,4 M €	+34.7%	1,8 M €	+8.8%	1,6 M €	-2.5%	1,7 M €	+70.9%	977,1 k €	+15.1%	849,3 k €	+1156%	67,6 k €	+3.5%	65,3 k €	+468%	11,5 k €	-63.2%	31,3 k €	-35.6%	48,5 k €
Other
Workforce	19,2 ETP	+2.7%	18,7 ETP	-25.2%	25,0 ETP	-19.9%	31,2 ETP	+0.3%	31,1 ETP	-33.8%	47,0 ETP	-18.4%	57,6 ETP	+7.1%	53,8 ETP	-1.1%	54,4 ETP	+14.3%	47,6 ETP	+871%	4,9 ETP		–		1,0 ETP	0.0%	1,0 ETP		–		1,0 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 31/12/2025 · 2 active · 20 ended

Active mandates

NESTIA HOSPITALITY GROUP

Director · since 28 novembre 2024 · until 16 juin 2031 · 0760.947.974

Represented by Debucquoy Jonathan

Active

UNIBRICKS

Director · since 28 novembre 2024 · until 16 juin 2031 · 0506.816.288

Represented by Lecluse Thomas

Active

Ended mandates

LDG Consult

Director · since 25 avril 2022 · until 25 avril 2028 · 0750.480.486

Represented by Laurens DE GREEF

Ended

BRICKS FINANCIAL SERVICES

Director · since 09 mars 2021 · until 09 mars 2027 · 0635.571.120

Represented by Vermeulen SANDER

Ended

BRICKS FINANCIAL SERVICES

Managing director · since 09 mars 2021 · until 09 mars 2027 · 0635.571.120

Represented by Debucquoy JOCHEN

Ended

NESTIA HOSPITALITY GROUP

Director · since 09 mars 2021 · until 09 mars 2027 · 0760.947.974

Represented by Lecluse THOMAS

Ended

At this address

Other companies at this address

Company	CBE no.
Atratus● Active	0700.396.319
BRICKS FINANCIAL SERVICES● Active	0635.571.120
Bricks & Leisure Projectontwikkeling● Active	0653.815.830
DVG Development● Active	0754.837.469
European Realty Company● Active	0733.678.504
Exploitatiemaatschappij Green Resort Limburg● Active	1013.547.456
EXPLOITATIEMAATSCHAPPIJ IBJ● Active	0677.924.189
Exploitatiemaatschappij MHSL● Active	0691.750.649
EXPLOITATIEMAATSCHAPPIJ RAL● Active	0756.805.777
NESTIA HOSPITALITY GROUP● Active	0760.947.974
UNEST STUDENT HOUSING● Active	0798.336.823

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	25/06/2026	17/07/2025	08/07/2024	12/07/2023	12/09/2022	19/07/2021
General meeting	01/06/2026	29/06/2025	28/06/2024	30/06/2023	29/08/2022	21/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	25/06/2026	Dutch	PDF
Abridged model	31/12/2024	29/06/2025	17/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	08/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	12/07/2023	Dutch	PDF
Abridged model	31/12/2021	29/08/2022	12/09/2022	Dutch	PDF
Abridged model	31/12/2020	21/06/2021	19/07/2021	Dutch	PDF
Abridged model	31/12/2019	10/07/2020	05/08/2020	Dutch	PDF
Abridged model	31/12/2018	17/06/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	18/06/2018	17/07/2018	Dutch	PDF
Abridged model	31/12/2016	19/06/2017	10/07/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	12/08/2016	Dutch	PDF
Abridged model	31/12/2014	28/08/2015	14/09/2015	Dutch	PDF
Abridged model	31/12/2013	16/06/2014	29/09/2014	Dutch	PDF
Abridged model	31/12/2012	17/06/2013	17/09/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	19/10/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	28/08/2009	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 31/12/2025 · 2 active · 20 ended

Active mandates

NESTIA HOSPITALITY GROUP

Director · since 28 novembre 2024 · until 16 juin 2031 · 0760.947.974

Represented by Debucquoy Jonathan

Active

UNIBRICKS

Director · since 28 novembre 2024 · until 16 juin 2031 · 0506.816.288

Represented by Lecluse Thomas

Active

Ended mandates

LDG Consult

Director · since 25 avril 2022 · until 25 avril 2028 · 0750.480.486

Represented by Laurens DE GREEF

Ended

BRICKS FINANCIAL SERVICES

Director · since 09 mars 2021 · until 09 mars 2027 · 0635.571.120

Represented by Vermeulen SANDER

Ended

BRICKS FINANCIAL SERVICES

Managing director · since 09 mars 2021 · until 09 mars 2027 · 0635.571.120

Represented by Debucquoy JOCHEN

Ended

NESTIA HOSPITALITY GROUP

Director · since 09 mars 2021 · until 09 mars 2027 · 0760.947.974

Represented by Lecluse THOMAS

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/04/2021
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/04/2021
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/08/2017
ONTSLAGEN - BENOEMINGEN
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 2025170,1 k €↑
2024
Annual accounts 2024-238,1 k €↓
2023
Annual accounts 2023-68,2 k €↓
2022
Annual accounts 2022-888,7 €↓
2021
Annual accounts 2021240,6 k €↑
2018
Annual accounts 201875,1 k €↓
2017
Annual accounts 2017130,5 k €↑
2016
Annual accounts 201615,6 k €↓
2015
Annual accounts 201589,9 k €↑
2014
Annual accounts 2014-537,5 €↑
2013
Annual accounts 2013-34,8 k €↑
2013
Name changeExploitatiemaatschappij RSB
2012
Annual accounts 2012-66,8 k €↓
2011
Annual accounts 201112,9 k €↑
2010
Annual accounts 2010581,4 €↓
2009
Annual accounts 20091,2 k €↑
2008
Annual accounts 2008-8,3 k €
2008
Name changeEXPLOITATIEMAATSCHAPPIJ HENGELHOEF
06/06/2007
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

EXPLOITATIEMAATSCHAPPIJ RSB

Overview

What does EXPLOITATIEMAATSCHAPPIJ RSB do?

Trend over 16 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