Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
-
Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
RISBART from Etterbeek, company number BE0455288801, closed financial year 2025 with a result of € -20,798 after tax. For that financial year RISBART recorded a gross margin of € -2,841 and equity of € -50,539. Compared with financial year 2024, the result moved from € -24,265 to € -20,798. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 21, 2026.
€ -50,539
▼ € 20,798 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20,798
▲ 14 % less loss than in 2024
Profit after tax over the fiscal year.
€ 126
▼ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -112,539.
Debts at end 2025
€ 183,404
▼ 12% vs 2024
€ 25,830 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 7,470 | € 25,470 | € -5,294 | € -2,841 | ▲ € 2,452 |
| Profit after taxes | € -77,400 | € 6,714 | € -24,265 | € -20,798 | ▲ € 3,468 |
| Equity | € -12,190 | € -5,476 | € -29,742 | € -50,539 | ▼ € 20,798 |
| Total debts | € 505,854 | € 570,005 | € 572,390 | € 582,798 | ▲ 2% |
| Cash | € 366 | - | € 170 | € 126 | ▼ 26% |
| Land & buildings | € 387,298 | € 423,337 | € 412,389 | € 402,044 | ▼ 3% |
| Retained profit | € -74,190 | € -67,476 | € -91,742 | € -112,539 | ▼ € 20,798 |
| Bank debt | € 256,890 | € 233,044 | € 208,555 | € 183,404 | ▼ 12% |
| Balance sheet total | € 493,664 | € 564,529 | € 542,648 | € 532,259 | ▼ 2% |
Key figures of RISBART, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to RISBART?
What happened at RISBART in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- JEAN-LUC HEUZER stepped down as director. NBB
- RAMDANE CHENNOU stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 20,798. filed late Source: NBB ↗
- JEAN-LUC HEUZER became a director. NBB
- RAMDANE CHENNOU became a director. NBB
- New establishment in Genappe. KBO
- Start of the company according to the CBE. KBO
In short
From € 77,400 loss in 2022 to € 20,798 loss in 2025.
Best year ever: 2023, with € 6,714 profit.
Management
It owns 100% of LOCOMADIER SA itself.
Directors
According to the 2025 annual accounts
JEAN-LUC HEUZER
Managing director
Also active at: SMART INDUSTRIES, COMPAGNIE FINANCIERE DES PALAIS D'OUTRE-PONTS, LURIANE, BUSINESS MEDICAL CENTER, SMART, EMBASSY, IMMOVA, LOCOMADIER +9 more
since 2021 · until 2027
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Sint-Michielslaan 123 box 2
1040 Etterbeek
Rue de La Roche 22
1470 Genappe
Active since 10 September 2001
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →COMPAGNIE FINANCIERE DES PALAIS D'OUTRE-PONTS same network
€ -1,741 gross margin · 2025
Expert Technologies & Consulting
€ -4,892 gross margin · 2025
LURIANE same network
€ -6,196 gross margin · 2025
GREEN SPIRIT INDUSTRIES
€ 141,441 gross margin · 2025
SMART INDUSTRIAL REAL ESTATE
€ 278,917 gross margin · 2025
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0455.288.801
- VAT number
- BE 0455.288.801
- Registered office
- Sint-Michielslaan 123 bus 2, 1040 Etterbeek
- Names & denominations
- RISBART
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 May 1995
- Peppol
- Not registered