Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
25 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
R&H ASSOCIES from Watermaal-Bosvoorde, company number BE0877613042, closed financial year 2025 with a result of € -133,197 after tax. For that financial year R&H ASSOCIES recorded a gross margin of € 84,873 and equity of € 155,226. Compared with financial year 2024, the result moved from € 47,748 to € -133,197. The company made a loss. The buffer shrank hard: equity is 64 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 27, 2026.
€ 155,226
▼ 64% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -133,197
▼ still € 47,748 profit in 2024
Profit after tax over the fiscal year.
€ 2,745
▼ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 141,892.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 53,159
▲ 2% vs 2024
€ 53,200 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.
€ 3,750
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 990,752
▼ 9% vs 2024
€ 126,373 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 206,223
▲ 290% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 50,280
▲ 40% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 133,973 | € 157,163 | € 325,159 | € 84,873 | ▼ 74% |
| Profit after taxes | € -34,713 | € -37,741 | € 47,748 | € -133,197 | ▼ € 180,946 |
| Equity | € 422,627 | € 384,886 | € 432,635 | € 155,226 | ▼ 64% |
| Total debts | € 1,574,121 | € 1,451,805 | € 1,543,445 | € 1,686,315 | ▲ 9% |
| Cash | € 12,840 | € 15,286 | € 17,279 | € 2,745 | ▼ 84% |
| Land & buildings | € 1,275,902 | € 1,229,618 | € 1,454,488 | € 1,400,310 | ▼ 4% |
| Retained profit | € 402,627 | € 364,886 | € 412,635 | € 141,892 | ▼ 66% |
| Bank debt | € 1,269,899 | € 1,172,704 | € 1,091,785 | € 990,752 | ▼ 9% |
| Balance sheet total | € 2,336,913 | € 2,162,710 | € 2,286,226 | € 2,088,315 | ▼ 9% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of R&H ASSOCIES, 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&H ASSOCIES?
What happened at R&H ASSOCIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 133,197 (▼ € 180,946 vs 2024). filed late Source: NBB ↗
- HS AVOCATS SRL became a director. NBB
- RS AVOCATS SRL became a director. NBB
- New establishment in Watermaal-Bosvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 34,713 loss in 2022 to € 133,197 loss in 2025.
Paid € 66,277 in corporate taxes since 2022.
Best year ever: 2024, with € 47,748 profit.
On average € 84,900 of value added per employee in 2025.
A new publication or filing at R&H ASSOCIES? We notify you, reason included.
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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
The stake of CDB AVOCAT, HS AVOCATS, RS AVOCATS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
R&H ASSOCIESBehind R&H ASSOCIES are HS AVOCATS SRL and RS AVOCATS SRL. The shares are held by CDB AVOCAT (33.3%), HS AVOCATS (33%) and RS AVOCATS (33%). It owns 100% of SIMON & PARTNERS SRL itself.
Directors
According to the 2025 annual accounts
Director · represented by Hugues SIMON
since 2020
Director · represented by Rachel SABBAH
since 2020
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 177 box 8
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 25 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.
Details
- Company number
- 0877.613.042
- VAT number
- BE 0877.613.042
- Registered office
- Terhulpsesteenweg 177 bus 8, 1170 Watermaal-Bosvoorde
- Names & denominations
- R&H ASSOCIES · R&H
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 2005
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van advocaten
Advocatenkantoor en juridische adviseurs
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