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 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
RS Real Estate from Raeren, company number BE0790138640, closed financial year 2025 with a result of € 5,854 after tax. For that financial year RS Real Estate recorded revenue of € 0 and equity of € 267,023. Compared with financial year 2024, the result moved from € 253,854 to € 5,854. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 267,023
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,854
▼ 98% vs 2024
Profit after tax over the fiscal year.
€ 25,308
▲ 6% 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 € 247,023.
Debts at end 2025
€ 143,511
▲ 158% vs 2024
Loans from banks and other lenders, long and short.
€ 17,516
▲ € 15,152 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 97,414
▲ 17% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -1,394 | € 344,473 | € 25,181 | ▼ 93% |
| Profit after taxes | € -12,685 | € 253,854 | € 5,854 | ▼ 98% |
| Equity | € 7,315 | € 261,169 | € 267,023 | ▲ 2% |
| Total debts | € 1,181,950 | € 600,140 | € 717,540 | ▲ 20% |
| Cash | € 4,404 | € 23,870 | € 25,308 | ▲ 6% |
| Retained profit | € -12,685 | € 241,169 | € 247,023 | ▲ 2% |
| Bank debt | € 756,000 | € 55,660 | € 143,511 | ▲ 158% |
| Balance sheet total | € 1,189,265 | € 861,308 | € 984,563 | ▲ 14% |
Key figures of RS Real Estate, fiscal years 2023 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 RS Real Estate?
What happened at RS Real Estate in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,854 (▼ 98% vs 2024). Source: NBB ↗
- New establishment in Raeren. KBO
- HG Management GmbH became a director. NBB
- Ralph Wolkener became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 12,685 loss in 2023 to € 5,854 profit in 2025.
Paid € 82,715 in corporate taxes since 2023.
Best year ever: 2024, with € 253,854 profit.
Management
The stake of WORA, HÖNDERS & JACOBS HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RS Real EstateBehind RS Real Estate are HG Management GmbH and Ralph Wolkener. The shares are held by WORA (50%) and HÖNDERS & JACOBS HOLDING (50%).
Directors
According to the 2025 annual accounts
Verwalter · represented by Serge Hönders
Also active at: HÖNDERS EVENTS, HÖNDERS & PARTNER, HÖNDERS IMMOBILIEN, HÖNDERS BAUUNTERNEHMEN, HÖNDERS SYSTEME
since 2022
since 2022
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Eupener Strasse 6
4731 Raeren
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0790.138.640
- VAT number
- BE 0790.138.640
- Registered office
- Eupener Strasse 6, 4731 Raeren
- Names & denominations
- RS Real Estate
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 August 2022
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Handel in eigen onroerend goed
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen