2R2 CONSTRUCTION
ActiveSummary
2R2 CONSTRUCTION has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,244 and a net result of -€14,417. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 34% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-80
Solvency58▼-1
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.14 in 2024; short-term debt: 64.3% of total assets), and 67.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.7%
Return on assets
-8.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
23 d early
2023
30 d early
2022
56 d late
2021
128 d late
2020
153 d late
2019
284 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 81 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 July (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€752,409▲ 27.1%
2020 · €592,143
EBIT margin
3.1%▼ 1.9pp
2020 · 5.0%
Net result
-€14,417
2024 · €46,660
Working capital
€25,621▲ 40.6%
2024 · €18,228
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€752,409▲ 27.1%
Operating result€23,375▼ 20.4%€37,394▲ 60.0%€16,686▼ 55.4%€66,870▲ 301%-€7,630
Net result€18,813within the sector's middle half▲ 504%-€1,639below the sector's middle half€9,143within the sector's middle half€46,660above the sector's middle half▲ 410%-€14,417below the sector's middle half
EBIT margin3.1%▼ 1.9pp
Equity€46,096below the sector's middle half▲ 69.0%€44,458within the sector's middle half▼ 3.6%€25,000within the sector's middle half▼ 43.8%€71,660within the sector's middle half▲ 187%€57,244within the sector's middle half▼ 20.1%
Total assets€231,923within the sector's middle half▲ 0.8%€240,368within the sector's middle half▲ 3.6%€111,332within the sector's middle half▼ 53.7%€210,374within the sector's middle half▲ 89.0%€175,274within the sector's middle half▼ 16.7%
Debt€185,827▼ 8.4%€195,910▲ 5.4%€86,332▼ 55.9%€138,714▲ 60.7%€118,031▼ 14.9%
Working capital€33,070within the sector's middle half▲ 66.4%€19,570within the sector's middle half▼ 40.8%€4,108below the sector's middle half▼ 79.0%€18,228within the sector's middle half▲ 344%€25,621within the sector's middle half▲ 40.6%
Solvency19.9%below the sector's middle half▲ 8.0pp18.5%below the sector's middle half▼ 1.4pp22.5%below the sector's middle half▲ 4.0pp34.1%within the sector's middle half▲ 11.6pp32.7%within the sector's middle half▼ 1.4pp
Current ratio1.19within the sector's middle half▲ 0.081.10below the sector's middle half▼ 0.091.05below the sector's middle half▼ 0.051.14within the sector's middle half▲ 0.081.23within the sector's middle half▲ 0.09
Return on assets (ROA)8.1%within the sector's middle half▲ 6.8pp-0.7%below the sector's middle half▼ 8.8pp8.2%within the sector's middle half▲ 8.9pp22.2%above the sector's middle half▲ 14.0pp-8.2%below the sector's middle half▼ 30.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7,630 after €66,870 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €175,274
Fixed assets
€37,008 ▼ 36.2%
Current assets
€138,267 ▼ 9.3%
Equity and liabilities €175,274
Equity
€57,244 ▼ 20.1%
Debt
€118,031 ▼ 14.9%
Debt's share of the balance-sheet total rises from 65.9% to 67.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5,982▼
2024 · €79,021
Cash flow
-€804▼
2024 · €58,811
Quick ratio
1.08▲
2024 · 1.06
Debt to equity
2.06▲
2024 · 1.94
ROE
-25.2%▼
2024 · 65.1%
Interest coverage
0.92▼
2024 · 19.43
Debt ≤ 1 year
€112,646▼
2024 · €134,147
Debt > 1 year
€4,529▲
2024 · €4,191
Income taxes
€341▼
2024 · €16,173
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,910 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €752,409 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €1,364 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €700,731 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €15,712 | €10,915 | €5,320 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,706 | €5,855 | €5,931 | €12,151 | €13,612 | ▲ 12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,253 | -€1,253 | €7,120 | - | - |
| Other operating charges640/8 | €1,885 | €9,199 | €8,892 | €10,323 | €10,108 | ▼ 2.1% |
| Non-recurring operating charges66A | - | €22,132 | €3,972 | €390 | - | - |
| Gross operating margin9900 | €51,678 | €86,748 | €39,548 | €96,854 | €16,090 | ▼ 83.4% |
| Operating profit (loss)9901 | €23,375 | €37,394 | €16,686 | €66,870 | -€7,630 | ▼ 111% |
| Financial income75/76B | €252 | €811 | €401 | €31 | €23 | ▼ 24.7% |
| Recurring financial income75 | €252 | €811 | €401 | €31 | €23 | ▼ 24.7% |
| Financial charges65/66B | €4,814 | €13,700 | €4,464 | €4,068 | €6,468 | ▲ 59.0% |
| Recurring financial charges65 | €4,814 | €13,700 | €4,464 | €4,068 | €6,468 | ▲ 59.0% |
| Profit (loss) for the period before taxes9903 | €18,813 | €24,505 | €12,623 | €62,833 | -€14,076 | ▼ 122% |
| Income taxes67/77 | - | €26,144 | €3,480 | €16,173 | €341 | ▼ 97.9% |
| Profit (loss) for the period9904 | €18,813 | -€1,639 | €9,143 | €46,660 | -€14,417 | ▼ 131% |
| Profit (loss) for the period to be appropriated9905 | €18,813 | -€1,639 | €9,143 | €46,660 | -€14,417 | ▼ 131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €231,923 | €240,368 | €111,332 | €210,374 | €175,274 | ▼ 16.7% |
| Fixed assets21/28 | €21,639 | €24,887 | €31,918 | €58,000 | €37,008 | ▼ 36.2% |
| Intangible fixed assets21 | - | - | - | - | €1,176 | - |
| Tangible fixed assets22/27 | €21,442 | €23,490 | €30,520 | €56,602 | €34,434 | ▼ 39.2% |
| Plant, machinery and equipment23 | €8,893 | €12,262 | €11,188 | €15,395 | €12,837 | ▼ 16.6% |
| Furniture and vehicles24 | €12,549 | €11,228 | €19,332 | €41,208 | €21,597 | ▼ 47.6% |
| Financial fixed assets28 | €198 | €1,398 | €1,398 | €1,398 | €1,398 | = |
| Current assets29/58 | €210,284 | €215,481 | €79,414 | €152,375 | €138,267 | ▼ 9.3% |
| Amounts receivable after more than one year29 | €16,648 | - | - | - | - | - |
| Other amounts receivable291 | €16,648 | - | - | - | - | - |
| Stocks and contracts in progress3 | - | - | - | €9,910 | €16,631 | ▲ 67.8% |
| Stocks30/36 | - | - | - | €9,910 | €16,631 | ▲ 67.8% |
| Amounts receivable within one year40/41 | €192,636 | €215,481 | €78,723 | €139,626 | €102,491 | ▼ 26.6% |
| Trade receivables40 | €139,812 | €195,235 | €71,775 | €137,668 | €101,450 | ▼ 26.3% |
| Other amounts receivable41 | €52,824 | €20,246 | €6,948 | €1,958 | €1,041 | ▼ 46.8% |
| Deferred charges and accrued income490/1 | €1,000 | - | €691 | €2,838 | €19,145 | ▲ 575% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €231,923 | €240,368 | €111,332 | €210,374 | €175,274 | ▼ 16.7% |
| Equity10/15 | €46,096 | €44,458 | €25,000 | €71,660 | €57,244 | ▼ 20.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | - | - | - | - | - |
| Share premium1100/10 | €6,200 | - | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Other1319 | €1,860 | - | - | - | - | - |
| Profit (loss) carried forward14 | €38,036 | €36,398 | €16,940 | €63,600 | €49,184 | ▼ 22.7% |
| Amounts payable17/49 | €185,827 | €195,910 | €86,332 | €138,714 | €118,031 | ▼ 14.9% |
| Amounts payable after more than one year17 | €8,612 | - | €8,188 | €4,191 | €4,529 | ▲ 8.1% |
| Financial debts170/4 | €8,612 | - | €8,188 | €4,191 | €4,529 | ▲ 8.1% |
| Amounts payable within one year42/48 | €177,215 | €195,910 | €75,306 | €134,147 | €112,646 | ▼ 16.0% |
| Current portion of amounts payable after more than one year42 | - | - | €3,812 | €3,997 | €7,647 | ▲ 91.3% |
| Financial debts43 | €15,785 | €17,998 | €25,702 | €15,475 | €37,059 | ▲ 139% |
| Credit institutions430/8 | €15,785 | €17,998 | €25,702 | €15,475 | €37,059 | ▲ 139% |
| Trade debts44 | €131,267 | €67,592 | €11,655 | €57,058 | €43,957 | ▼ 23.0% |
| Suppliers440/4 | €131,267 | €67,592 | €11,655 | €57,058 | €43,957 | ▼ 23.0% |
| Advances received on contracts in progress46 | - | €67,172 | - | €40,961 | €17,093 | ▼ 58.3% |
| Taxes, remuneration and social security45 | €4,082 | €25,315 | €4,704 | €16,655 | €4,775 | ▼ 71.3% |
| Taxes450/3 | €4,082 | €25,218 | €4,157 | €16,655 | €1,814 | ▼ 89.1% |
| Remuneration and social security454/9 | - | €97 | €547 | - | €2,961 | - |
| Other amounts payable47/48 | €26,080 | €17,834 | €29,434 | - | €2,113 | - |
| Accrued charges and deferred income492/3 | - | - | €2,837 | €376 | €856 | ▲ 128% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,813 | -€1,639 | €9,143 | €46,660 | -€14,417 | ▼ 131% |
| + Depreciation and write-downs630 | €10,706 | €5,855 | €5,931 | €12,151 | €13,612 | ▲ 12.0% |
| Operating cash flow (approximation) | €29,519 | €4,216 | €15,074 | €58,811 | -€804 | ▼ 101% |
| Investment in fixed assets (approximation) | - | -€9,103 | -€12,962 | -€38,233 | €7,379 | ▲ 119% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€14,417
Net result drops to -€14,417, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €46,660 ▲410%
Operating result €66,870, net result €46,660, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9,143
Net result €9,143 after one loss-making year.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 128 days late
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 153 days late
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 284 days late
2019
08-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 8 days late
17-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 351 days late
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Rixensart · 1 establishment unit since 2015
Ground area
173 m²
Building footprint
65 m²
Volume, LiDAR
399 m³
Parcel 25091E0083/00_000, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
2R2 CONSTRUCTION
since 20152.241.296.153
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091E0083/00_000 | Wallonia | 173 m² | 1 · 65 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,269 companies in sector 43230 we hold annual accounts for 1,241. 1,036 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
41001General construction of residential buildings
43331Floor and wall tiling
43341Painting of buildings
43350Other building finishing work
43410Roofing work
43422Screed work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0627954145
Registered
01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.