R.C.

Active

Public limited companyfounded 198738 yrs activeRue de Milmort 590, 4040 Herstal, BelgiumKBO/BCE: BE 0433.062.042

R.C. has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.44M and a net result of €950k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 86 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Watch Print / PDF

Checked score

Score 2024

100 / 100

Excellent= vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency100=

Growth78=

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €340k at 30 days acceptable

Liquidity ample (current ratio 5.91 against 3.7 in 2023), and 14.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

85.5%

Return on assets

23.6%

Age of the figures

20 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 29

Relative position

BE, all sectors

reference

Sector 29

lower

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

62 d early

2022

31 d late

2021

31 d late

2020

30 d late

2019

105 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€950k▲ 11.3%

2023 · €854k

2018: €89k 2019: €5k 2020: €-1.07M 2021: €-755k 2022: €223k 2023: €854k

2018 → 2024

Working capital

€2.33M▲ 54.4%

2023 · €1.51M

2018: €213k 2019: €327k 2020: €-808k 2021: €193k 2022: €2.25M 2023: €1.51M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-329k-€-1.08M▼ 230%€-861k▲ 20.6%€2.49M€3.44M▲ 38.1%

Operating result€-1.01M-€-663k▲ 34.2%€321k€898k▲ 180%€913k▲ 1.6%

Net result€-1.07M-€-755k▲ 29.2%€223k€854k▲ 282%€950k▲ 11.3%

Result per fiscal year

Operating resultNet result

The operating result has risen four years in a row; 2024 is 2% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €4.03M

30.3%

69.7%

Fixed assets €1.22M▼ 1.9%

Current assets €2.81M▲ 35.6%

Equity and liabilities €4.03M

85.5%

14.0%

Equity €3.44M▲ 38.1%

Provisions €18k▼ 42.5%

Debt €566k▼ 28.3%

The debt ratio falls from 23.8% to 14.0%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€984k▼

2023 · €987k

Cash flow

€1.02M▲

2023 · €943k

Solvency

85.5%▲

2023 · 75.2%

Current ratio

5.91▲

2023 · 3.70

Quick ratio

4.50▲

2023 · 2.22

Debt / equity

0.16▼

2023 · 0.32

ROE

27.6%▼

2023 · 34.3%

ROA

23.6%▼

2023 · 25.8%

Interest coverage

111.87▲

2023 · 16.46

Debt

€566k▼

2023 · €789k

Debt ≤ 1 year

€475k▼

2023 · €559k

Debt > 1 year

€75k▼

2023 · €229k

Income taxes

€899▼

2023 · €17k

Staff costs

€880k▼

2023 · €1.04M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€3.31M€4.03M▲

Fixed assets21/28€1.25M€1.22M▼

Intangible fixed assets21€62k€36k▼

Tangible fixed assets22/27€1.18M€1.18M▲

Land and buildings22€1.08M€1.10M▲

Plant, machinery and equipment23€52k€48k▼

Furniture and vehicles24€51k€31k▼

Other tangible fixed assets26€236€142▼

Financial fixed assets28€4k€4k=

Current assets29/58€2.07M€2.81M▲

Stocks and contracts in progress3€826k€670k▼

Stocks30/36€826k€670k▼

Amounts receivable within one year40/41€504k€1.27M▲

Trade receivables40€504k€765k▲

Other amounts receivable41€81€507k▲

Current investments50/53€600k-

Cash at bank and in hand54/58€104k€859k▲

Deferred charges and accrued income490/1€35k€5k▼

Equity and liabilities

Total equity and liabilities10/49€3.31M€4.03M▲

Equity10/15€2.49M€3.44M▲

Contributions10/11€3.25M€3.25M=

Capital10€3.25M€3.25M=

Issued capital100€3.25M€3.25M=

Revaluation surpluses12€500k€500k=

Reserves13€603k€603k=

Non-distributable reserves130/1€25k€25k=

Legal reserve130€25k€25k=

Tax-exempt reserves132€38k€38k=

Distributable reserves133€540k€540k=

Profit (loss) carried forward14€-1.90M€-947k▲

Investment grants15€38k€38k=

Provisions and deferred taxes16€32k€18k▼

Provisions for liabilities and charges160/5€14k-

Environmental obligations163€14k-

Deferred taxes168€18k€18k=

Amounts payable17/49€789k€566k▼

Amounts payable after more than one year17€229k€75k▼

Financial debts170/4€229k€75k▼

Amounts payable within one year42/48€559k€475k▼

Current portion of amounts payable after more than one year42€154k€154k▲

Trade debts44€107k€121k▲

Suppliers440/4€107k€121k▲

Advances received on contracts in progress46€57k€69k▲

Taxes, remuneration and social security45€242k€131k▼

Taxes450/3€75k€18k▼

Remuneration and social security454/9€167k€113k▼

Accrued charges and deferred income492/3-€16k

Income statement Code20232024

Non-recurring operating income76A€21k-

Remuneration, social security and pensions62€1.04M€880k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€89k€71k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€109k€50k▼

Provisions for liabilities and charges: additions (uses and reversals)635/8€14k€-14k▼

Other operating charges640/8€46k€43k▼

Gross operating margin9900€2.20M€1.94M▼

Operating profit (loss)9901€898k€913k▲

Financial income75/76B€33k€49k▲

Recurring financial income75€33k€49k▲

Financial charges65/66B€60k€10k▼

Recurring financial charges65€60k€9k▼

Non-recurring financial charges66B-€1k

Profit (loss) for the period before taxes9903€871k€951k▲

Income taxes67/77€17k€899▼

Profit (loss) for the period9904€854k€950k▲

Profit (loss) for the period to be appropriated9905€854k€950k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-1.90M€-947k▲

Profit (loss) brought forward from the previous period14P€-2.75M€-1.90M▲

Social balance

Average headcount (FTE)908716.213.7▼

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 29 days late

2024

31-12

Financial Highest result since 2018net €950k ▲11.3%

Operating result €913k, net result €950k, both a record.

30-05

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Equity above €2MEq €2.49M

2 profitable years in a row build equity to €2.49M.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 31 days late

2022

31-12

Financial Back to profitnet €223k

Net result €223k after 2 loss-making years.

31-12

Financial Liquidity quadruplescurrent ratio 4.81

Current ratio from 1.10 to 4.81; short-term debt falls from €1.85M to €589k.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 31 days late

2021

30-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 30 days late

2020

31-12

Financial Weakest financial yearnet €-1.07M ▼19953%

Net result drops to €-1.07M, the lowest in the series; recovery starts the following year.

17-04

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

27-03

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

23-05

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2016

21-12

NBB filing Annual accounts filed

fiscal year 2016 · full schema

29-01

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

14 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, Herstal · 1 establishment unit since 1988

establishment approximate The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue de Milmort 5904040 Herstal

Ground area

867 m²

Building footprint

99 m²

Parcel 62312A0796/00K000, Wallonia. Linked by address, not a title deed.

1 establishment unit