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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Late annual account NBB
Fiscal year 2025 was filed 265 days after the legal deadline.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
RS Integrated Supply Belgium from Elsene, company number BE0774415930, closed financial year 2025 with a result of € 7,426 after tax. For that financial year RS Integrated Supply Belgium recorded a gross margin of € 566,523 and equity of € -7,320. Compared with financial year 2024, the result moved from € -33,398 to € 7,426. Profitable, and profit is growing. 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 23, 2026.
€ -7,320
▲ € 7,426 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,426
▲ still € 33,398 loss in 2024
Profit after tax over the fiscal year.
€ 1.7 million
▲ 238% 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 € -27,320.
People and assets in 2025
5.8
▲ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 445,980
▲ 60% vs 2024
€ 76,900 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.8 million
▲ 259% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 64,618
▼ 44% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 550 | € 89,957 | € 295,365 | € 566,523 | ▲ 92% |
| Profit after taxes | € -300 | € -1,048 | € -33,398 | € 7,426 | ▲ € 40,824 |
| Equity | € 19,700 | € 18,652 | € -14,747 | € -7,320 | ▲ € 7,426 |
| Total debts | € 16,637 | € 585,923 | € 1,652,992 | € 5,995,746 | ▲ 263% |
| Cash | € 19,450 | € 338,649 | € 503,289 | € 1,703,220 | ▲ 238% |
| Retained profit | € -300 | € -1,348 | € -34,747 | € -27,320 | ▲ € 7,426 |
| Balance sheet total | € 36,337 | € 604,575 | € 1,638,246 | € 5,988,426 | ▲ 266% |
| Employees (FTE) | - | 1.4 | 4.1 | 5.8 | ▲ 1.7 |
Key figures of RS Integrated Supply Belgium, 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 October 2026.
What happened to RS Integrated Supply Belgium?
What happened at RS Integrated Supply Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 7,426. filed late Source: NBB ↗
- Andrew Perry stepped down as director. NBB
- Claire Watt became a director. NBB
- Jerry Abraham became a director. NBB
- Deborah Bowring stepped down as director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
- Deborah Bowring became a director. NBB
In short
From € 300 loss in 2022 to € 7,426 profit in 2025.
Paid € 12,341 in corporate taxes since 2022.
Best year ever: 2025, with € 7,426 profit.
On average € 97,700 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 RS Integrated Supply Belgium are Claire Watt and Jerry Abraham. The shares are held by IESA Holdings (100%).
Directors
According to the 2025 annual accounts
Claire Watt
Director
since 2024
Jerry Abraham
Director
since 2024
Deborah Bowring
Director
since 2021 · until 2024
Andrew Perry
Director
since 2021 · until 2025
Shareholders
IESA Holdings
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 65 box 11
1050 Elsene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0774.415.930
- VAT number
- BE 0774.415.930
- Registered office
- Louizalaan 65 bus 11, 1050 Elsene
- Names & denominations
- RS Integrated Supply Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 September 2021
- Peppol
- Active · Active since 17 Mar 2026
- Activities · NACE
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