Equity
€6.5m =
IMMO R.D.K. paid out €3.4m in dividends. That is 100% of the 2025 profit.
IMMO R.D.K.
Lifetime
20 annual accounts with figures on one time axis, 39 filings since 1987peak €4.7m (2025)
€4.7m▲ 87.6%
lowest -€2,626 (2011)
€3.4m▲ 109%
peak €6.5m (2025)
€6.5munchanged
€28.1m▲ 22.9%
Board6 names since 2017
4 directorsDE KEYSER Hendrik Adriaan and 3 others
Owners
consolidatesGroep De Keyser
Documentsfilings and deeds
17-06-202644 days before the deadline
2025financial year
Gross margin from €2.5m to €4.7mResult from €1.6m to €3.4mReappointment: Grant Thomton Bedrijfsrevisoren (statutory aud… 05-09Dividend €3.4mDebts from €22.9m to €28.1mInvestments €681,721
Key points
from the 2025 annual accountsResult
€3.4m ▲ 109%
The result rose in 2025: different schema filed.
Debts
€28.1m 81% of the balance sheet
Financial debts 18%Suppliers 0%Taxes and wages 1%Other 82%
€5.0m of the debts are secured on the company's own assets. In 2021 that was €2.0m.
Investments
€710,412 93.6 × depreciation
Green is investment, beige is depreciation.
Filings
39 annual accounts since 1987
The 2019 accounts came 3 days late. The other nine of the last ten were filed on time.
Position in the sector
€3.4m
Higher net result than 95% of companies in specialised construction. Sector median €42,705 · 2,461 companies.
Checked score
89
Excellent
Financially stronger than 36% of medium-sized companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 241 companies (NACE 43, medium-sized).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025highest value
07-2025: < 0.1%▼ -0.2 percentage points vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: 0.1%▲ +0.1 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.20, cash €281,401, halved
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: total assets €34.7m
Figures for financial year 2025 (filed on 17-06-2026)
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 (NACE 43, medium-sized). It does better than 21% of them on solvency, 3% on liquidity, 87% on profitability and 32% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 101 companies had the same profile as IMMO R.D.K. has now. Each dot is one company, two years later.
97.0%
were still trading
1.0%
stopped another way
2.0%
went bankrupt
The bankruptcy probability of IMMO R.D.K. itself is lower: 0.1% within 12 months. It rests on far more data about IMMO R.D.K. than the profile alone.
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 101 companies, not a prediction for IMMO R.D.K.. 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 €550,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.2 (1.27 in 2024), below the usual 1.5. Short-term debt is 81.1% and cash 0.8% of total assets. 81.2% 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 2460 sector peers (2025).
NBB · sector comparisonPosition among 2460 sector peers
Solvency
better than 19%
← weakest
strongest →
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 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 days early
2024
43 days early
2023
28 days early
2022
26 days early
2021
27 days early
2020
36 days early
2019
3 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 29 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Groep De Keyser 99.96%equity €43.3m (2025) · 2025 annual accounts of Groep De Keyser
- Groep De Keyser NV consolidatesannual accounts 2025
Shares in 1 company, Groep De Keyser
Board & ownershipRecent changes
Environmental permit granted
Bouwen of herbouwen, Het reliëf van de bodem aanmerkelijk wijzigen, Nieuwbouw of aanleggen · Turnhout
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0431329603
Reappointment: Grant Thomton Bedrijfsrevisoren (statutory auditor)
Permanent representative: Stefaan De Coriinck · General meeting of 04-06-2025 · Gazette deed
4 directors reappointed
DE KEYSER Hendrik Adriaan, GROEP DE KEYSER, SAVEC and MINTEN Michaël Gaston Marcel · Permanent representatives: DE KEYSER Wendy and DE KEYSER Sven · General meeting of 08-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IMMO R.D.K. Rijkevorsel | €34.7m | €4.7m | 18.8% | - |
| HEBRIMO Herentals | €24.7m | €8.9m | 2.3% | - |
| TRANS MECO Lokeren | €24.7m | €9.3m | 27.5% | 25.5 |
| THEIS Marcel Houffalize | €18.5m | €5.5m | 27.5% | 28.1 |
| Vagaetrans Temse | €18.0m | €3.6m | 72.0% | 15.5 |
| CARPENTIER, Land- en Grondwerken Lokeren | €17.3m | €2.9m | 88.4% | 10 |
| MEES Kasterlee | €20.4m | €6.6m | 25.0% | 25 |
These companies have the same main activity as IMMO R.D.K.: site preparation (NACE 43120). They are comparable in size and age: total assets between €17m and €25m, founded between 1987 and 2006.
Official details
Source: KBO- Status
- Active since 05-06-1987Normal situation
- Activity
- Site preparationNACE 43120and 2 others
- Establishment unit
- 2.029.404.5042310 Rijkevorsel, since 19-08-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 05-11-2025
Annual accounts 2025
- ≈ €13.0mestimated
- €34.7m▲ 17.8%
- Filing
- Filed on 17-06-2026, 44 days before the end of the filing period
Insights on IMMO R.D.K.
IMMO R.D.K. has existed since 1987. In 2010 the gross margin rose from €6,280 to €731,360.
Groep De Keyser holds all the shares. In December 2023, the Official Gazette published the appointment of DE KEYSER Hendrik Adriaan as managing director.
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 IMMO R.D.K.
- What is the company number of IMMO R.D.K.?
- The company number of IMMO R.D.K. is 0431.329.603. The VAT number is the same number with BE in front: BE 0431.329.603.
- Where is IMMO R.D.K. based?
- The registered office is at Merksplassesteenweg 18, 2310 Rijkevorsel.Company details
- What does IMMO R.D.K. do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of IMMO R.D.K.?
- IMMO R.D.K. is a public limited company (NV).
- When was IMMO R.D.K. founded?
- IMMO R.D.K. was founded on 05-06-1987.
- Is IMMO R.D.K. still active?
- Yes, IMMO R.D.K. is an active enterprise in the KBO register.
- What is the turnover of IMMO R.D.K.?
- The turnover in financial year 2025 is ≈ €13.0m. This figure is estimated from the gross margin of €4.7m and 67 comparable companies (NACE 43). It probably lies between €10.0m and €18.0m.Financials
- Is IMMO R.D.K. profitable?
- In financial year 2025, IMMO R.D.K. made a profit of €3.4m.
- Where can I find the annual accounts of IMMO R.D.K.?
- IMMO R.D.K. filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IMMO R.D.K. due?
- IMMO R.D.K. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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