Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
R&L Partners from Brussel, company number BE0750725956, closed financial year 2025 with a result of € 13,775 after tax. For that financial year R&L Partners recorded a gross margin of € 504,063 and equity of € 87,306. Compared with financial year 2024, the result moved from € 667 to € 13,775. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 6, 2026.
€ 87,306
▲ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,775
▲ € 13,107 vs 2024
Profit after tax over the fiscal year.
€ 86,913
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 80,309.
People and assets in 2025
8.8
Average over the fiscal year, from the social balance sheet.
€ 397,897
▲ 3% vs 2024
€ 45,200 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.
€ 12,670
▲ 224% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 361,200
▼ 17% vs 2024
€ 222,716 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 146,476
▲ 72% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,836
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 329,754 | € 373,147 | € 472,580 | € 504,063 | ▲ 7% |
| Profit after taxes | € 28,190 | € 5,197 | € 667 | € 13,775 | ▲ € 13,107 |
| Equity | € 68,865 | € 73,662 | € 73,930 | € 87,306 | ▲ 18% |
| Total debts | € 504,976 | € 523,462 | € 561,936 | € 537,780 | ▼ 4% |
| Cash | € 99,554 | € 67,947 | € 87,582 | € 86,913 | ▼ 1% |
| Retained profit | € 60,671 | € 65,867 | € 66,535 | € 80,309 | ▲ 21% |
| Bank debt | € 351,289 | € 380,845 | € 433,704 | € 361,200 | ▼ 17% |
| Balance sheet total | € 583,441 | € 604,324 | € 640,667 | € 627,485 | ▼ 2% |
| Employees (FTE) | 5.8 | 7.3 | 8.8 | 8.8 |
Key figures of R&L Partners, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to R&L Partners?
What happened at R&L Partners in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 13,775 (▲ € 13,107 vs 2024). filed late Source: NBB ↗
- New establishment in Dilbeek. KBO
- New establishment in Anderlecht. KBO
- New establishment in Brussel. KBO
- New establishment in Ottignies-Louvain-la-Neuve. KBO
- Start of the company according to the CBE. KBO
- Véronique HERFS became a director. NBB
- Serge DENGIS became a director. NBB
In short
From € 28,190 profit in 2022 to € 13,775 profit in 2025.
Paid € 20,567 in corporate taxes since 2022.
Best year ever: 2022, with € 28,190 profit.
On average € 57,300 of value added per employee in 2025.
Management
Behind R&L Partners are Véronique HERFS and Serge DENGIS. The same people are also behind GOLDEN CUP, LURA & Co. and S&V.
Directors
According to the 2025 annual accounts
since 2020
since 2020
Establishments
Establishment units
Physical locations of this company
De Wandstraat 231 - 233 box 8
1020 Brussel
Sylvain Dupuislaan 433
1070 Anderlecht
Active since 16 July 2020
Lambermontstraat 1
1000 Brussel
Active since 16 July 2020
Place de l'Accueil 10
1348 Ottignies-Louvain-la-Neuve
Active since 16 July 2020
Ninoofsesteenweg 365
1700 Dilbeek
Active since 1 November 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0750.725.956
- VAT number
- BE 0750.725.956
- Registered office
- De Wandstraat 231 - 233 bus 8, 1020 Brussel
- Names & denominations
- R&L Partners
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 2020
- Peppol
- Active · Active since 24 Apr 2024
- Activities · NACE
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