R & C
ActiveSummary
R & C has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €50,574 and a net result of -€14,874. Equity is shrinking by ~16.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 8.69 against 15.49 in 2023; short-term debt: 9.9% and cash: 12.9% of total assets), and 13% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 2024Solvency, return and age of the figures
Solvency
87%
Return on assets
-25.6%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
44 d early
2022
42 d early
2021
39 d early
2020
23 d early
2019
29 d early
← 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 34 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 22 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€50,574▼ 22.7%
2023 · €65,448
Total assets
€58,154▼ 18.2%
2023 · €71,090
Net result
-€14,874▲ 31.7%
2023 · -€21,768
Working capital
€44,447▼ 20.1%
2023 · €55,662
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€19,357▲ 29.5%€990-€20,692-€21,436▼ 3.6%-€14,839▲ 30.8%
Net result-€18,882below the sector's middle half▲ 29.3%€1,465within the sector's middle half-€20,394below the sector's middle half-€21,768below the sector's middle half▼ 6.7%-€14,874below the sector's middle half▲ 31.7%
Equity€106,145within the sector's middle half▼ 15.1%€107,610within the sector's middle half▲ 1.4%€87,217within the sector's middle half▼ 19.0%€65,448within the sector's middle half▼ 25.0%€50,574within the sector's middle half▼ 22.7%
Total assets€111,712within the sector's middle half▼ 12.5%€116,696within the sector's middle half▲ 4.5%€93,462within the sector's middle half▼ 19.9%€71,090within the sector's middle half▼ 23.9%€58,154below the sector's middle half▼ 18.2%
Debt€5,567▲ 109%€9,085▲ 63.2%€6,245▼ 31.3%€5,642▼ 9.7%€7,580▲ 34.4%
Working capital€96,735within the sector's middle half▼ 8.0%€100,383within the sector's middle half▲ 3.8%€71,580within the sector's middle half▼ 28.7%€55,662within the sector's middle half▼ 22.2%€44,447within the sector's middle half▼ 20.1%
Solvency95.0%above the sector's middle half▼ 2.9pp92.2%above the sector's middle half▼ 2.8pp93.3%above the sector's middle half▲ 1.1pp92.1%above the sector's middle half▼ 1.3pp87.0%above the sector's middle half▼ 5.1pp
Current ratio18.38above the sector's middle half▼ 22.0212.05above the sector's middle half▼ 6.3312.46above the sector's middle half▲ 0.4115.49above the sector's middle half▲ 3.038.69above the sector's middle half▼ 6.80
Return on assets (ROA)-16.9%below the sector's middle half▲ 4.0pp1.3%within the sector's middle half▲ 18.2pp-21.8%below the sector's middle half▼ 23.1pp-30.6%below the sector's middle half▼ 8.8pp-25.6%below the sector's middle half▲ 5.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,839 in 2024 against €21,436 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €58,154
Fixed assets
€7,927 ▼ 31.6%
Current assets
€50,227 ▼ 15.6%
Equity and liabilities €58,154
Equity
€50,574 ▼ 22.7%
Debt
€7,580 ▲ 34.4%
Debt's share of the balance-sheet total rises from 7.9% to 13.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€11,180▲
2023 · -€17,385
Cash flow
-€11,214▲
2023 · -€17,718
Quick ratio
1.86▼
2023 · 4.21
Debt to equity
0.15▲
2023 · 0.09
ROE
-29.4%▲
2023 · -33.3%
Interest coverage
-194.06▼
2023 · -37.87
Debt ≤ 1 year
€5,780▲
2023 · €3,842
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,340 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% | 1.8% |
| 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 5,834 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €248 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,488 | €2,183 | €3,440 | €4,050 | €3,660 | ▼ 9.6% |
| Other operating charges640/8 | - | €729 | €708 | €816 | €838 | ▲ 2.7% |
| Gross operating margin9900 | -€8,140 | €3,902 | -€16,544 | -€16,569 | -€10,342 | ▲ 37.6% |
| Operating profit (loss)9901 | -€19,357 | €990 | -€20,692 | -€21,436 | -€14,839 | ▲ 30.8% |
| Financial income75/76B | - | €631 | €426 | €126 | €23 | ▼ 82.0% |
| Recurring financial income75 | €655 | €631 | €426 | €126 | €23 | ▼ 82.0% |
| Financial charges65/66B | - | €155 | €128 | €459 | €58 | ▼ 87.5% |
| Recurring financial charges65 | €180 | €155 | €128 | €459 | €58 | ▼ 87.5% |
| Profit (loss) for the period before taxes9903 | -€18,882 | €1,465 | -€20,394 | -€21,768 | -€14,874 | ▲ 31.7% |
| Profit (loss) for the period9904 | -€18,882 | €1,465 | -€20,394 | -€21,768 | -€14,874 | ▲ 31.7% |
| Profit (loss) for the period to be appropriated9905 | -€18,882 | €1,465 | -€20,394 | -€21,768 | -€14,874 | ▲ 31.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €111,712 | €116,696 | €93,462 | €71,090 | €58,154 | ▼ 18.2% |
| Fixed assets21/28 | €9,410 | €7,227 | €15,637 | €11,587 | €7,927 | ▼ 31.6% |
| Tangible fixed assets22/27 | €9,160 | €6,977 | €15,387 | €11,337 | €7,677 | ▼ 32.3% |
| Furniture and vehicles24 | - | - | €10,090 | €7,720 | €5,350 | ▼ 30.7% |
| Other tangible fixed assets26 | - | €6,977 | €5,297 | €3,616 | €2,326 | ▼ 35.7% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €102,302 | €109,468 | €77,825 | €59,503 | €50,227 | ▼ 15.6% |
| Stocks and contracts in progress3 | €41,538 | €40,991 | €41,563 | €43,339 | €39,468 | ▼ 8.9% |
| Stocks30/36 | - | €40,991 | €41,563 | €43,339 | €39,468 | ▼ 8.9% |
| Amounts receivable within one year40/41 | €29,215 | €14,065 | €1,646 | €1,673 | €2,811 | ▲ 68.0% |
| Trade receivables40 | - | - | €651 | - | €2,080 | - |
| Other amounts receivable41 | - | €14,065 | €995 | €1,673 | €731 | ▼ 56.3% |
| Cash at bank and in hand54/58 | €31,262 | €54,128 | €33,826 | €11,375 | €7,499 | ▼ 34.1% |
| Deferred charges and accrued income490/1 | - | €284 | €790 | €3,115 | €449 | ▼ 85.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €111,712 | €116,696 | €93,462 | €71,090 | €58,154 | ▼ 18.2% |
| Equity10/15 | €106,145 | €107,610 | €87,217 | €65,448 | €50,574 | ▼ 22.7% |
| Contributions10/11 | - | €143,592 | €143,592 | €143,592 | €143,592 | = |
| Reserves13 | €32,963 | €32,963 | €32,963 | €32,963 | €32,963 | = |
| Non-distributable reserves130/1 | - | €1,648 | €1,648 | - | - | - |
| Reserves not available under the articles1311 | - | €1,648 | €1,648 | - | - | - |
| Distributable reserves133 | - | €31,315 | €31,315 | €32,963 | €32,963 | = |
| Profit (loss) carried forward14 | -€70,410 | -€68,945 | -€89,338 | -€111,107 | -€125,981 | ▼ 13.4% |
| Amounts payable17/49 | €5,567 | €9,085 | €6,245 | €5,642 | €7,580 | ▲ 34.4% |
| Amounts payable within one year42/48 | €5,567 | €9,085 | €6,245 | €3,842 | €5,780 | ▲ 50.4% |
| Trade debts44 | €373 | €796 | €509 | €2,342 | €1,166 | ▼ 50.2% |
| Suppliers440/4 | - | €796 | €509 | €2,342 | €1,166 | ▼ 50.2% |
| Taxes, remuneration and social security45 | - | €1,500 | €3,000 | €1,500 | €1,500 | = |
| Taxes450/3 | - | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Remuneration and social security454/9 | - | - | €1,500 | - | - | - |
| Other amounts payable47/48 | - | €6,790 | €2,736 | - | €3,114 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,800 | €1,800 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,882 | €1,465 | -€20,394 | -€21,768 | -€14,874 | ▲ 31.7% |
| + Depreciation and write-downs630 | €10,488 | €2,183 | €3,440 | €4,050 | €3,660 | ▼ 9.6% |
| Operating cash flow (approximation) | -€8,394 | €3,648 | -€16,954 | -€17,718 | -€11,214 | ▲ 36.7% |
| Investment in fixed assets (approximation) | - | €0 | -€11,850 | €0 | €0 | - |
| Change in cash | - | €22,865 | -€20,301 | -€22,451 | -€3,877 | ▲ 82.7% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €1,465
Net result €1,465 after 3 loss-making years.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€26,705
Net result drops to -€26,705, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kinrooi · 1 establishment unit since 1997
Ground area
1.5 ha
Building footprint
819 m²
Volume, LiDAR
4,732 m³
2 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
R & C BVBA
since 19972.082.878.030
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73043B0289/00G006 | Flanders | 1.4 ha | 1 · 576 m² | 6.5 m · 2 fl. |
| 72026A0765/00Z000 | Flanders | 1,215 m² | 1 · 243 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,567 companies in this sector we hold annual accounts for 920. 513 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded18-07-1997
Fiscal year end31-12
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461174622
Also
9925:BE0461174622
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.