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 28 % 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
EXPLOITATIEMAATSCHAPPIJ RSB from Watermaal-Bosvoorde, company number BE0889868991, closed financial year 2025 with a result of € 170,121 after tax. For that financial year EXPLOITATIEMAATSCHAPPIJ RSB recorded a gross margin of € 2.1 million and equity of € 493,942. Compared with financial year 2024, the result moved from € -238,054 to € 170,121. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 493,942
▲ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 170,121
▲ still € 238,054 loss in 2024
Profit after tax over the fiscal year.
€ 164,277
▼ 57% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 94,000 paid out
55 % of the profit went to the shareholders, mostly to NESTIA HOSPITALITY GROUP (100 % of the shares). That is where the money ends up.
People and assets in 2025
19.2
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▲ 5% vs 2024
€ 52,300 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.
€ 34,656
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 330,863
▼ 65% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 89,762
▲ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,469,705 | € 1,364,035 | € 1,432,124 | € 2,089,397 | ▲ 46% |
| Profit after taxes | € -889 | € -68,171 | € -238,054 | € 170,121 | ▲ € 408,175 |
| Equity | € 735,201 | € 663,311 | € 421,539 | € 493,942 | ▲ 17% |
| Total debts | € 2,355,166 | € 1,779,191 | € 2,033,010 | € 1,532,717 | ▼ 25% |
| Cash | € 398,487 | € 248,684 | € 382,733 | € 164,277 | ▼ 57% |
| Land & buildings | € 1,257,445 | € 1,216,404 | € 1,782,399 | € 1,526,691 | ▼ 14% |
| Retained profit | € 579,425 | € 511,253 | € 273,200 | € 349,321 | ▲ 28% |
| Dividend | € 0 | € 0 | € 0 | € 94,000 | |
| Balance sheet total | € 3,126,441 | € 2,476,013 | € 2,485,497 | € 2,055,044 | ▼ 17% |
| Employees (FTE) | 31.2 | 25 | 18.7 | 19.2 | ▲ 0.5 |
Key figures of EXPLOITATIEMAATSCHAPPIJ RSB, 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 EXPLOITATIEMAATSCHAPPIJ RSB?
What happened at EXPLOITATIEMAATSCHAPPIJ RSB in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- UNIBRICKS BV stepped down as director. NBB
- NESTIA HOSPITALITY GROUP NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 170,121. Source: NBB ↗
- UNIBRICKS BV became a director. NBB
- NESTIA HOSPITALITY GROUP NV became a director. NBB
- New establishment in Spa. KBO
- Start of the company according to the CBE. KBO
In short
From € 889 loss in 2022 to € 170,121 profit in 2025.
Paid € 18,601 in corporate taxes since 2022.
Best year ever: 2025, with € 170,121 profit.
On average € 108,800 of value added per employee in 2025.
Management
The stake of NESTIA HOSPITALITY GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EXPLOITATIEMAATSCHAPPIJ RSBThe shares are held by NESTIA HOSPITALITY GROUP (100%).
Directors
According to the 2025 annual accounts
Director · represented by Lecluse Thomas
Also active at: BRICKS & LEISURE VASTGOED, BRICKS FINANCIAL SERVICES, Bricks & Leisure Projectontwikkeling, EXPLOITATIEMAATSCHAPPIJ IBJ, Exploitatiemaatschappij MHSL, Atratus, European Realty Company, Waterfront Development Company +7 more
since 2024 · until 2031
Director · represented by Debucquoy Jonathan
Also active at: EXPLOITATIEMAATSCHAPPIJ IBJ, RESTAURANT BALMORAL, Exploitatiemaatschappij MHSL, EXPLOITATIEMAATSCHAPPIJ RAL, UNEST STUDENT HOUSING, Exploitatiemaatschappij Green Resort Limburg
since 2024 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 177 box 5
1170 Watermaal-Bosvoorde
Avenue Léopold II 40
4900 Spa
Active since 7 December 2013
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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€ 164,650 gross margin · 2025
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+20 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0889.868.991
- VAT number
- BE 0889.868.991
- Registered office
- Terhulpsesteenweg 177 bus 5, 1170 Watermaal-Bosvoorde
- Names & denominations
- EXPLOITATIEMAATSCHAPPIJ RSB
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 June 2007
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Vakantiecentra en vakantiedorpen
Vakantieparken
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw