Result
-€49,585 -€49,585
From profit to loss in 2025, after a profit of €52,423 in 2024.
BxR Projects
Lifetime
3 annual accounts with figures on one time axispeak €134,910 (2024)
€27,551▼ 79.6%
lowest -€49,585 (2025)
-€49,585▼ €102,008
peak €75,552 (2024)
€25,967▼ 65.6%
€1.3m▲ 9.3%
peak 0 FTE (2024)
-not published
Board1 name since 2021
1 directorRDF Invest
Owners2 names in the annual accounts
100%RDF Invest and 1 other
Documentsfilings and deeds
16-12-202546 days before the deadline
2025abbreviated format
Gross margin from €134,910 to €27,551Loss of €49,585Permanent representatives: Renaat DE FLEURQUIN and Bart DE RYCKE 19-06Equity from €75,552 to €25,967Cash from €116,496 to €7,362
Key points
from the 2025 annual accountsChecked score
53
Fair
Financially stronger than 14% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%highest value
01-2025: 0.2%▼ -0.9 percentage points vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.5%▲ +0.3 percentage points vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.6%▲ +0.1 percentage points vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Liquidity: current ratio 1.61, cash €7,362, halved
Loss of €49,585 (financial year 2025)
Founded in 2021
lowers risk
Size: total assets €1.3m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 17% of them on solvency, 12% on liquidity, 20% on profitability and 7% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 819 companies had the same profile as BxR Projects has now. Each dot stands for 3 companies, two years later.
94.7%
were still trading
3.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BxR Projects itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 819 companies, not a prediction for BxR Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 1.61 (1.89 in 2024), above the usual 1.5. Short-term debt is 62% and cash 0.6% of total assets. However, 98% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-12-2025, 46 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
46 days early
2024
46 days early
2023
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 3 accounts on average 40 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 16 December (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end07-11-2026 today31-01-2027 deadline
Board and ownership
- BV RDF Invest 100%annual accounts 30-06-2025
- RDF Invest 100%score 95equity €330,603 (2025) · 2025 annual accounts of RDF Invest
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0772932919
Permanent representatives: Renaat DE FLEURQUIN and Bart DE RYCKE
Board meeting of 27-05-2025 · Gazette deed
Incorporation
Founding capital of €20,000, 200 shares · Founder: RDF INVEST · Appointment: RDF INVEST (director) · published on 31-08-2021 · Gazette deed
First establishment
Damstraat 15, Wetteren
Official details
Source: KBO- Status
- Active since 27-08-2021Normal situation
- Activity
- “Het verkrijgen door aankoop of anderszins,verkopen,ruilen,verbeteren,uitrusten,verbouwen,belasten met,beschikken over,productief maken,het verhuren en in huur nemen,van…” (deed in Dutch)From the articles, 6 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.322.101.5099230 Wetteren, since 27-08-2021
- Financial year end
- 30 June
- Peppol
- Reachable since 21-10-2026
Annual accounts to 30-06-2025
- €1.3m▲ 4.8%
- Filing
- Filed on 16-12-2025, 46 days before the end of the filing period
Insights on BxR Projects
BxR Projects files the abbreviated format. That format states no turnover. The gross margin fell from €33,562 in 2023 to €27,551 in 2025.
RDF Invest holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BxR Projects
- What is the company number of BxR Projects?
- The company number of BxR Projects is 0772.932.919. The VAT number is the same number with BE in front: BE 0772.932.919.
- Where is BxR Projects based?
- The registered office is at Damstraat 15, 9230 Wetteren.Company details
- What is the legal form of BxR Projects?
- BxR Projects is a private limited company (BV).
- When was BxR Projects founded?
- BxR Projects was founded on 27-08-2021.
- Is BxR Projects still active?
- Yes, BxR Projects is an active enterprise in the KBO register.
- What is the turnover of BxR Projects?
- The turnover in financial year 2025 is ≈ €99,000. This figure is estimated from the gross margin of €27,551 and 1,226 comparable companies of the same size. It probably lies between €52,000 and €190,000. It is a rough estimate.Financials
- Is BxR Projects profitable?
- In financial year 2025, BxR Projects made a loss of €49,585.
- Where can I find the annual accounts of BxR Projects?
- BxR Projects filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BxR Projects due?
- BxR Projects must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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