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 3 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 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
RSI Sports Panels from Lokeren, company number BE0546759504, closed financial year 2025 with a result of € -40,457 after tax. For that financial year RSI Sports Panels recorded a gross margin of € 290,053 and equity of € -804,543. Compared with financial year 2024, the result moved from € -693,564 to € -40,457. 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 July 17, 2026.
€ -804,543
▼ € 40,457 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -40,457
▲ 94 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,874
▼ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -823,143.
People and assets in 2025
3
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 249,206
▼ 17% vs 2024
€ 83,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 17,998
▼ 43% vs 2024
Of which on lease € 15,000.
Debts at end 2025
€ 716,151
▲ € 630,001 vs 2024
€ 26,972 is repaid this year. At this pace the long-term loan is gone in ≈ 27 years.
€ 384,811
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 102,482
▲ 73% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 287,877 | € 206,639 | € 25,322 | € 290,053 | ▲ € 264,732 |
| Profit after taxes | € 7,646 | € -107,658 | € -693,564 | € -40,457 | ▲ € 653,107 |
| Equity | € 37,135 | € -70,523 | € -764,086 | € -804,543 | ▼ € 40,457 |
| Total debts | € 1,474,070 | € 1,078,488 | € 1,006,961 | € 1,340,516 | ▲ 33% |
| Cash | € 4,158 | € 1,023 | € 12,422 | € 2,874 | ▼ 77% |
| Retained profit | € 18,535 | € -89,123 | € -782,686 | € -823,143 | ▼ € 40,457 |
| Bank debt | € 219,960 | € 154,195 | € 86,150 | € 716,151 | ▲ € 630,001 |
| Balance sheet total | € 1,511,205 | € 1,007,966 | € 584,252 | € 535,973 | ▼ 8% |
| Employees (FTE) | 2.2 | 3.6 | 4 | 3 | ▼ 1 |
Key figures of RSI Sports Panels, 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 RSI Sports Panels?
What happened at RSI Sports Panels in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 40,457. Source: NBB ↗
- New establishment in Nazareth-De Pinte. KBO
- HB Management became a director. NBB
- Fiolet Holding became a director. NBB
- New establishment in Malle. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,646 profit in 2022 to € 40,457 loss in 2025.
Paid € 5,342 in corporate taxes since 2022.
Best year ever: 2022, with € 7,646 profit.
On average € 96,700 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind RSI Sports Panels are HB Management and Fiolet Holding.
Directors
According to the 2025 annual accounts
Director · represented by Hans Borgers
since 2023
Fiolet Holding
Director · represented by Arnoud Fiolet
since 2018
Establishments
Establishment units
Physical locations of this company
Mosten 13
9160 Lokeren
Meirenstraat 8
2390 Malle
Active since 11 March 2014
Tulpenstraat 11A
9810 Nazareth-De Pinte
Active since 18 March 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
DIGITALOCEAN-ASN - DigitalOcean, LLC, US
Domain
Domain
rsisportsgroup.com
Registered
2020-10-05
Registrar
Hosting Concepts B.V. d/b/a Registrar.eu
Expires
2026-10-05
Website info
Features
Security
Details
- Company number
- 0546.759.504
- VAT number
- BE 0546.759.504
- Registered office
- Mosten 13, 9160 Lokeren
- Names & denominations
- RSI Sports Panels
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 February 2014
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- rsisportsgroup.com [email protected]
- Activities · NACE
Groothandel in overige bouwmaterialen
Groothandel in sport- en kampeerartikelen, met uitzondering van fietsen
Handelsbemiddeling in de groothandel in andere specifieke goederen
Handelsbemiddeling in de groothandel in hout en bouwmaterialen
Activiteiten van syndici van onroerend goed
Landschapsverzorging
Overige zakelijke dienstverlening, neg
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts
+3