R&C
ActiveSummary
R&C has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €937. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 49% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-1
Solvency71▲+12
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.88 against 1.52 in 2024; short-term debt: 53.3% and cash: 35.2% of total assets), but 53.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.1%
Return on assets
1.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €22k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
5 d late
2023
30 d late
2022
25 d late
2021
25 d late
2020
26 d late
2019
28 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k▲ 4.4%
2024 · €21k
2018: €17klowest in 8 years
2019: €22k▲ +27.0% vs 2018
2020: €29k▲ +34.7% vs 2019highest in 8 years
2021: €26k▼ -9.1% vs 2020
2022: €20k▼ -23.7% vs 2021
2023: €20k▼ -0.8% vs 2022
2024: €21k▲ +6.8% vs 2023
2025: €22k▲ +4.4% vs 2024
2018 → 2025
Total assets
€48k▼ 22.2%
2024 · €62k
2018: €83k
2019: €120k▲ +44.1% vs 2018highest in 8 years
2020: €95k▼ -20.9% vs 2019
2021: €78k▼ -18.1% vs 2020
2022: €75k▼ -2.8% vs 2021
2023: €69k▼ -8.9% vs 2022
2024: €62k▼ -9.7% vs 2023
2025: €48k▼ -22.2% vs 2024lowest in 8 years
2018 → 2025
Net result
€937▼ 30.9%
2024 · €1k
2018: €3k
2019: €5k▲ +77.6% vs 2018
2020: €7k▲ +63.3% vs 2019highest in 8 years
2021: €-649▼ -109% vs 2020
2022: €-4k▼ -556% vs 2021lowest in 8 years
2023: €-160▲ +96.2% vs 2022
2024: €1k▲ +948% vs 2023
2025: €937▼ -30.9% vs 2024
2018 → 2025
Working capital
€23k▲ 6.8%
2024 · €21k
2018: €17klowest in 8 years
2019: €20k▲ +18.7% vs 2018
2020: €26k▲ +28.9% vs 2019highest in 8 years
2021: €24k▼ -7.1% vs 2020
2022: €19k▼ -22.6% vs 2021
2023: €19k▲ +2.4% vs 2022
2024: €21k▲ +10.6% vs 2023
2025: €23k▲ +6.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€20k▼ 23.7%€20k▼ 0.8%€21k▲ 6.8%€22k▲ 4.4%
2021: €26khighest in 5 years
2022: €20k▼ -23.7% vs 2021
2023: €20k▼ -0.8% vs 2022lowest in 5 years
2024: €21k▲ +6.8% vs 2023
2025: €22k▲ +4.4% vs 2024
Operating result€5k-€2k▼ 66.2%€2k▲ 45.0%€8k▲ 236%€6k▼ 22.1%
2021: €5k
2022: €2k▼ -66.2% vs 2021lowest in 5 years
2023: €2k▲ +45.0% vs 2022
2024: €8k▲ +236% vs 2023highest in 5 years
2025: €6k▼ -22.1% vs 2024
Net result€-649-€-4k▼ 556%€-160▲ 96.2%€1k€937▼ 30.9%
2021: €-649
2022: €-4k▼ -556% vs 2021lowest in 5 years
2023: €-160▲ +96.2% vs 2022
2024: €1k▲ +948% vs 2023highest in 5 years
2025: €937▼ -30.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €48k
Equity
€22k ▲ 4.4%
Debt
€26k ▼ 36.2%
Debt's share of the balance-sheet total falls from 65.7% to 53.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6k▼
2024 · €8k
Cash flow
€1k▼
2024 · €2k
Current ratio
1.88▲
2024 · 1.52
Quick ratio
0.71▲
2024 · 0.66
Debt to equity
1.17▼
2024 · 1.91
ROE
4.2%▼
2024 · 6.4%
ROA
1.9%▼
2024 · 2.2%
Interest coverage
1.72▼
2024 · 1.77
Debt ≤ 1 year
€26k▼
2024 · €41k
Income taxes
€1k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€62k€48k▼
Fixed assets21/28€257€0▼
Tangible fixed assets22/27€257€0▼
Plant, machinery and equipment23€257€0▼
Current assets29/58€62k€48k▼
Stocks and contracts in progress3€35k€30k▼
Contracts in progress37€35k€30k▼
Amounts receivable within one year40/41€21k€667▼
Trade receivables40€19k€476▼
Other amounts receivable41€2k€191▼
Cash at bank and in hand54/58€6k€17k▲
Deferred charges and accrued income490/1€245€644▲
Equity and liabilities
Total equity and liabilities10/49€62k€48k▼
Equity10/15€21k€22k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€3k€4k▲
Amounts payable17/49€41k€26k▼
Amounts payable within one year42/48€41k€26k▼
Trade debts44€24k€6k▼
Suppliers440/4€24k€6k▼
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€2k€5k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€13k€11k▼
Accrued charges and deferred income492/3€66€317▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€295€257▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€9k€8k▼
Operating profit (loss)9901€8k€6k▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€3k€2k▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€1k€937▼
Profit (loss) for the period to be appropriated9905€1k€937▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€4k▲
Profit (loss) brought forward from the previous period14P€1k€3k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | - | - | - | - |
| Remuneration, social security and pensions62 | €24k | €50 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €799 | €799 | €600 | €295 | €257 | ▼ 12.8% |
| Other operating charges640/8 | €1k | €2k | €1k | €1k | €1k | ▲ 32.0% |
| Gross operating margin9900 | €30k | €5k | €4k | €9k | €8k | ▼ 15.4% |
| Operating profit (loss)9901 | €5k | €2k | €2k | €8k | €6k | ▼ 22.1% |
| Financial income75/76B | €589 | - | - | - | - | - |
| Recurring financial income75 | €589 | - | - | - | - | - |
| Financial charges65/66B | €4k | €3k | €2k | €5k | €4k | ▼ 19.3% |
| Recurring financial charges65 | €4k | €3k | €2k | €5k | €4k | ▼ 19.3% |
| Profit (loss) for the period before taxes9903 | €1k | €-961 | €365 | €3k | €2k | ▼ 26.1% |
| Income taxes67/77 | €2k | €3k | €525 | €2k | €1k | ▼ 22.7% |
| Profit (loss) for the period9904 | €-649 | €-4k | €-160 | €1k | €937 | ▼ 30.9% |
| Profit (loss) for the period to be appropriated9905 | €-649 | €-4k | €-160 | €1k | €937 | ▼ 30.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78k | €75k | €69k | €62k | €48k | ▼ 22.2% |
| Fixed assets21/28 | €2k | €2k | €914 | €257 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €2k | €1k | €551 | €257 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €2k | €1k | €551 | €257 | €0 | ▼ 100% |
| Furniture and vehicles24 | €263 | €32 | - | - | - | - |
| Financial fixed assets28 | €363 | €363 | €363 | - | - | - |
| Current assets29/58 | €75k | €74k | €68k | €62k | €48k | ▼ 21.9% |
| Stocks and contracts in progress3 | €28k | €30k | €40k | €35k | €30k | ▼ 14.3% |
| Contracts in progress37 | €28k | €30k | €40k | €35k | €30k | ▼ 14.3% |
| Amounts receivable within one year40/41 | €28k | €40k | €18k | €21k | €667 | ▼ 96.8% |
| Trade receivables40 | €27k | €40k | €17k | €19k | €476 | ▼ 97.5% |
| Other amounts receivable41 | €1k | - | €2k | €2k | €191 | ▼ 89.6% |
| Cash at bank and in hand54/58 | €19k | €4k | €9k | €6k | €17k | ▲ 197% |
| Deferred charges and accrued income490/1 | €158 | - | €415 | €245 | €644 | ▲ 163% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78k | €75k | €69k | €62k | €48k | ▼ 22.2% |
| Equity10/15 | €26k | €20k | €20k | €21k | €22k | ▲ 4.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | - | - | - | - | - |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €2k | - | - | - | - | - |
| Profit (loss) carried forward14 | €6k | €2k | €1k | €3k | €4k | ▲ 34.7% |
| Amounts payable17/49 | €51k | €55k | €49k | €41k | €26k | ▼ 36.2% |
| Amounts payable within one year42/48 | €51k | €55k | €49k | €41k | €26k | ▼ 36.8% |
| Trade debts44 | €15k | €29k | €18k | €24k | €6k | ▼ 73.8% |
| Suppliers440/4 | €15k | €29k | €18k | €24k | €6k | ▼ 73.8% |
| Advances received on contracts in progress46 | - | - | - | - | €2k | - |
| Taxes, remuneration and social security45 | €3k | €4k | €2k | €4k | €7k | ▲ 75.4% |
| Taxes450/3 | €2k | €2k | €2k | €2k | €5k | ▲ 148% |
| Remuneration and social security454/9 | €1k | €2k | €500 | €2k | €2k | = |
| Other amounts payable47/48 | €33k | €23k | €28k | €13k | €11k | ▼ 18.4% |
| Accrued charges and deferred income492/3 | €57 | €64 | €64 | €66 | €317 | ▲ 382% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-649 | €-4k | €-160 | €1k | €937 | ▼ 30.9% |
| + Depreciation and write-downs630 | €799 | €799 | €600 | €295 | €257 | ▼ 12.8% |
| Operating cash flow (approximation) | €150 | €-3k | €441 | €2k | €1k | ▼ 27.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €363 | €0 | ▼ 100% |
| Change in cash | - | €-15k | €5k | €-3k | €11k | ▲ 429% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Highest result since 2018net €7k ▲63.3%
Operating result €15k, net result €7k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Nazareth-De Pinte · 1 establishment unit since 2015
Ground area
655 m²
Building footprint
121 m²
Volume, LiDAR
660 m³
Parcel 44048F0390/00N004, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
R&C
since 20152.244.639.782
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048F0390/00N004 | Flanders | 655 m² | 1 · 121 m² | 8.7 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 4,096 companies in sector 43240 we hold annual accounts for 1,633. 1,150 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
Founded25-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
Scores and ratios are computed by Checked and are not a credit decision.