R.C. ELEVATION
ActiveSummary
R.C. ELEVATION has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €113k and a net result of €4k. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 29% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability31▲+7
Solvency53▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.9 against 4.47 in 2024; short-term debt: 24.1% and cash: 9.7% of total assets), but 71.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 · 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
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
28.1%
Return on assets
0.9%
Age of the figures
9 mo
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
on the day
2023
26 d late
2022
40 d early
2021
23 d late
2020
8 d early
2019
44 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
€113k▲ 3.3%
2024 · €109k
2018: €2klowest in 8 years
2019: €8k▲ +317% vs 2018
2020: €48k▲ +527% vs 2019
2021: €70k▲ +48.0% vs 2020
2022: €74k▲ +4.4% vs 2021
2023: €112k▲ +52.5% vs 2022
2024: €109k▼ -2.9% vs 2023
2025: €113k▲ +3.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€400k▼ 2.0%
2024 · €408k
2018: €36k
2019: €30k▼ -15.3% vs 2018lowest in 8 years
2020: €176k▲ +482% vs 2019
2021: €188k▲ +6.7% vs 2020
2022: €212k▲ +12.7% vs 2021
2023: €163k▼ -22.7% vs 2022
2024: €408k▲ +150% vs 2023highest in 8 years
2025: €400k▼ -2.0% vs 2024
2018 → 2025
Net result
€4k
2024 · €-3k
2018: €-17klowest in 8 years
2019: €6k▲ +133% vs 2018
2020: €66k▲ +1044% vs 2019highest in 8 years
2021: €23k▼ -65.4% vs 2020
2022: €62k▲ +172% vs 2021
2023: €39k▼ -37.7% vs 2022
2024: €-3k▼ -109% vs 2023
2025: €4k▲ +210% vs 2024
2018 → 2025
Working capital
€279k▼ 6.1%
2024 · €297k
2018: €-359lowest in 8 years
2019: €5k▲ +1612% vs 2018
2020: €35k▲ +540% vs 2019
2021: €60k▲ +73.6% vs 2020
2022: €68k▲ +13.3% vs 2021
2023: €112k▲ +63.3% vs 2022
2024: €297k▲ +166% vs 2023highest in 8 years
2025: €279k▼ -6.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€70k-€74k▲ 4.4%€112k▲ 52.5%€109k▼ 2.9%€113k▲ 3.3%
2021: €70klowest in 5 years
2022: €74k▲ +4.4% vs 2021
2023: €112k▲ +52.5% vs 2022
2024: €109k▼ -2.9% vs 2023
2025: €113k▲ +3.3% vs 2024highest in 5 years
Operating result€30k-€79k▲ 165%€53k▼ 33.8%€5k▼ 90.5%€12k▲ 143%
2021: €30k
2022: €79k▲ +165% vs 2021highest in 5 years
2023: €53k▼ -33.8% vs 2022
2024: €5k▼ -90.5% vs 2023lowest in 5 years
2025: €12k▲ +143% vs 2024
Net result€23k-€62k▲ 172%€39k▼ 37.7%€-3k€4k
2021: €23k
2022: €62k▲ +172% vs 2021highest in 5 years
2023: €39k▼ -37.7% vs 2022
2024: €-3k▼ -109% vs 2023lowest in 5 years
2025: €4k▲ +210% 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 recovers in 2025; 2025 is 143% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €400k
Fixed assets
€24k ▼ 1.7%
Current assets
€375k ▼ 2.0%
Equity and liabilities €400k
Equity
€113k ▲ 3.3%
Debt
€287k ▼ 3.9%
Debt's share of the balance-sheet total falls from 73.3% to 71.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▲
2024 · €6k
Cash flow
€6k▲
2024 · €-2k
Current ratio
3.90▼
2024 · 4.47
Debt to equity
2.55▼
2024 · 2.75
ROE
3.2%▲
2024 · -3.0%
ROA
0.9%▲
2024 · -0.8%
Interest coverage
1.36▲
2024 · 0.74
Debt ≤ 1 year
€96k▲
2024 · €86k
Debt > 1 year
€191k▼
2024 · €213k
Income taxes
€3k▲
2024 · €267
Staff costs
€103k▲
2024 · €85k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€408k€400k▼
Fixed assets21/28€25k€24k▼
Tangible fixed assets22/27€25k€24k▼
Land and buildings22€25k€24k▼
Current assets29/58€383k€375k▼
Amounts receivable within one year40/41€332k€337k▲
Trade receivables40€83k€100k▲
Other amounts receivable41€249k€237k▼
Cash at bank and in hand54/58€51k€39k▼
Equity and liabilities
Total equity and liabilities10/49€408k€400k▼
Equity10/15€109k€113k▲
Contributions10/11€19k€19k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€88k€91k▲
Amounts payable17/49€299k€287k▼
Amounts payable after more than one year17€213k€191k▼
Financial debts170/4€213k€191k▼
Amounts payable within one year42/48€86k€96k▲
Current portion of amounts payable after more than one year42€21k€22k▲
Trade debts44€45k€14k▼
Suppliers440/4€45k€14k▼
Taxes, remuneration and social security45€20k€32k▲
Taxes450/3€16k€21k▲
Remuneration and social security454/9€4k€11k▲
Other amounts payable47/48-€28k
Income statement
Code20242025
Non-recurring operating income76A-€13k
Remuneration, social security and pensions62€85k€103k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€93k€120k▲
Operating profit (loss)9901€5k€12k▲
Financial income75/76B€107€5k▲
Recurring financial income75€107€5k▲
Financial charges65/66B€8k€11k▲
Recurring financial charges65€8k€11k▲
Profit (loss) for the period before taxes9903€-3k€6k▲
Income taxes67/77€267€3k▲
Profit (loss) for the period9904€-3k€4k▲
Profit (loss) for the period to be appropriated9905€-3k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€88k€91k▲
Profit (loss) brought forward from the previous period14P€91k€88k▼
The notes to these accounts (6 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 | - | - | - | - | €13k | - |
| Remuneration, social security and pensions62 | €78k | €72k | €102k | €85k | €103k | ▲ 20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €9k | €1k | €3k | ▲ 162% |
| Other operating charges640/8 | €3k | €1k | €3k | €2k | €2k | ▲ 14.2% |
| Gross operating margin9900 | €120k | €163k | €166k | €93k | €120k | ▲ 29.0% |
| Operating profit (loss)9901 | €30k | €79k | €53k | €5k | €12k | ▲ 143% |
| Financial income75/76B | - | €0 | €98 | €107 | €5k | ▲ 4,875% |
| Recurring financial income75 | - | €0 | €98 | €107 | €5k | ▲ 4,875% |
| Financial charges65/66B | €590 | €491 | €363 | €8k | €11k | ▲ 35.0% |
| Recurring financial charges65 | €590 | €491 | €363 | €8k | €11k | ▲ 35.0% |
| Profit (loss) for the period before taxes9903 | €29k | €79k | €52k | €-3k | €6k | ▲ 313% |
| Income taxes67/77 | €7k | €17k | €14k | €267 | €3k | ▲ 958% |
| Profit (loss) for the period9904 | €23k | €62k | €39k | €-3k | €4k | ▲ 210% |
| Profit (loss) for the period to be appropriated9905 | €23k | €62k | €39k | €-3k | €4k | ▲ 210% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €188k | €212k | €163k | €408k | €400k | ▼ 2.0% |
| Fixed assets21/28 | €19k | €9k | €521 | €25k | €24k | ▼ 1.7% |
| Tangible fixed assets22/27 | €19k | €9k | €521 | €25k | €24k | ▼ 1.7% |
| Land and buildings22 | - | - | - | €25k | €24k | ▼ 1.7% |
| Plant, machinery and equipment23 | €222 | - | - | - | - | - |
| Furniture and vehicles24 | €19k | €9k | €521 | - | - | - |
| Current assets29/58 | €168k | €202k | €163k | €383k | €375k | ▼ 2.0% |
| Amounts receivable within one year40/41 | €45k | €33k | €76k | €332k | €337k | ▲ 1.5% |
| Trade receivables40 | €20k | €29k | €66k | €83k | €100k | ▲ 20.5% |
| Other amounts receivable41 | €25k | €5k | €10k | €249k | €237k | ▼ 4.9% |
| Cash at bank and in hand54/58 | €124k | €169k | €87k | €51k | €39k | ▼ 24.3% |
| Deferred charges and accrued income490/1 | €221 | €221 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €188k | €212k | €163k | €408k | €400k | ▼ 2.0% |
| Equity10/15 | €70k | €74k | €112k | €109k | €113k | ▲ 3.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | €3k | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €49k | €52k | €91k | €88k | €91k | ▲ 4.2% |
| Amounts payable17/49 | €117k | €138k | €51k | €299k | €287k | ▼ 3.9% |
| Amounts payable after more than one year17 | €9k | €4k | - | €213k | €191k | ▼ 10.4% |
| Financial debts170/4 | €9k | €4k | - | €213k | €191k | ▼ 10.4% |
| Amounts payable within one year42/48 | €108k | €134k | €51k | €86k | €96k | ▲ 12.3% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | €4k | €21k | €22k | ▲ 4.1% |
| Trade debts44 | €46k | €18k | €25k | €45k | €14k | ▼ 69.0% |
| Suppliers440/4 | €46k | €18k | €25k | €45k | €14k | ▼ 69.0% |
| Advances received on contracts in progress46 | €5k | €4k | - | - | - | - |
| Taxes, remuneration and social security45 | €26k | €48k | €22k | €20k | €32k | ▲ 61.6% |
| Taxes450/3 | €19k | €40k | €14k | €16k | €21k | ▲ 31.6% |
| Remuneration and social security454/9 | €7k | €8k | €8k | €4k | €11k | ▲ 182% |
| Other amounts payable47/48 | €26k | €58k | - | - | €28k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €62k | €39k | €-3k | €4k | ▲ 210% |
| + Depreciation and write-downs630 | €10k | €10k | €9k | €1k | €3k | ▲ 162% |
| Operating cash flow (approximation) | €33k | €72k | €48k | €-2k | €6k | ▲ 385% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-25k | €-2k | ▲ 90.7% |
| Change in cash | - | €45k | €-82k | €-36k | €-12k | ▲ 65.4% |
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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 3.18
Current ratio from 1.51 to 3.18; short-term debt falls from €134k to €51k.
31-12
Financial
Equity above €100kEq €112k ▲52.5%
5 profitable years in a row build equity to €112k.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €66k ▲1,044%
Net result €66k, the highest in the series.
13-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 44 days late
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
Show earlier events
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-05
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 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, Perwez · 1 establishment unit since 1980
Ground area
1,070 m²
Building footprint
125 m²
Volume, LiDAR
604 m³
2 parcels, Wallonia · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
R.C. ELEVATION
since 19802.018.292.955
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25081A0486/00M000 | Wallonia | 610 m² | 1 · 75 m² | 9.2 m · 3 fl. |
| 25081A0486/00H000 | Wallonia | 459 m² | 1 · 50 m² | - |
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.
Similar companies · same sector, comparable size
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DUJARDIN BENOIT
BE 0507.915.259
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MICHA VAN DESSEL
BE 0773.712.778
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MAES
BE 0443.770.941
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WOUTERS - VERVOORT
BE 0715.813.874
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 3,055 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
Founded27-05-1980
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.