R-CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of R-CONSTRUCT is 2.5% (moderate). The 2025 annual accounts show equity of €33k and a net result of €-9k. Equity is shrinking by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 69% of 27965 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-35
Solvency90▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.6 against 3.6 in 2024; short-term debt: 35.3% and cash: 35.9% of total assets), and 35.4% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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 2025Solvency, return and age of the figures
Solvency
64.6%
Return on assets
-17%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-9k
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 03-07-2026, 28 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
28 d early
2024
20 d early
2023
17 d early
2022
22 d late
2021
28 d early
2020
39 d early
← 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
€33k▼ 20.9%
2024 · €42k
2020: €13klowest in 6 years
2021: €66k▲ +428% vs 2020highest in 6 years
2022: €45k▼ -31.1% vs 2021
2023: €45k▼ -1.2% vs 2022
2024: €42k▼ -7.3% vs 2023
2025: €33k▼ -20.9% vs 2024
2020 → 2025
Total assets
€51k▼ 7.2%
2024 · €55k
2020: €101k
2021: €117k▲ +16.0% vs 2020highest in 6 years
2022: €85k▼ -27.6% vs 2021
2023: €68k▼ -20.0% vs 2022
2024: €55k▼ -19.1% vs 2023
2025: €51k▼ -7.2% vs 2024lowest in 6 years
2020 → 2025
Net result
€-9k▼ 166%
2024 · €-3k
2020: €8k
2021: €54k▲ +613% vs 2020highest in 6 years
2022: €-21k▼ -138% vs 2021lowest in 6 years
2023: €-557▲ +97.3% vs 2022
2024: €-3k▼ -487% vs 2023
2025: €-9k▼ -166% vs 2024
2020 → 2025
Working capital
€29k▼ 16.4%
2024 · €34k
2020: €2klowest in 6 years
2021: €28k▲ +1532% vs 2020
2022: €34k▲ +22.5% vs 2021
2023: €37k▲ +6.7% vs 2022highest in 6 years
2024: €34k▼ -5.9% vs 2023
2025: €29k▼ -16.4% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€66k-€45k▼ 31.1%€45k▼ 1.2%€42k▼ 7.3%€33k▼ 20.9%
2021: €66khighest in 5 years
2022: €45k▼ -31.1% vs 2021
2023: €45k▼ -1.2% vs 2022
2024: €42k▼ -7.3% vs 2023
2025: €33k▼ -20.9% vs 2024lowest in 5 years
Operating result€68k-€-19k€2k€-448€-7k▼ 1,573%
2021: €68khighest in 5 years
2022: €-19k▼ -128% vs 2021lowest in 5 years
2023: €2k▲ +113% vs 2022
2024: €-448▼ -118% vs 2023
2025: €-7k▼ -1573% vs 2024
Net result€54k-€-21k€-557▲ 97.3%€-3k▼ 487%€-9k▼ 166%
2021: €54khighest in 5 years
2022: €-21k▼ -138% vs 2021lowest in 5 years
2023: €-557▲ +97.3% vs 2022
2024: €-3k▼ -487% vs 2023
2025: €-9k▼ -166% 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 stays negative: a loss of €7k in 2025 against €448 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51k
Fixed assets
€4k ▼ 42.1%
Current assets
€47k ▼ 1.9%
Equity and liabilities €51k
Equity
€33k ▼ 20.9%
Debt
€18k ▲ 35.5%
Debt's share of the balance-sheet total rises from 24.2% to 35.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-3k▼
2024 · €7k
Cash flow
€-5k▼
2024 · €5k
Current ratio
2.60▼
2024 · 3.60
Debt to equity
0.55▲
2024 · 0.32
ROE
-26.4%▼
2024 · -7.9%
ROA
-17.0%▼
2024 · -6.0%
Interest coverage
-1.68▼
2024 · 2.79
Debt ≤ 1 year
€18k▲
2024 · €13k
Income taxes
€255▼
2024 · €298
Staff costs
€0▼
2024 · €250
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€55k€51k▼
Fixed assets21/28€7k€4k▼
Tangible fixed assets22/27€7k€4k▼
Plant, machinery and equipment23€285€948▲
Furniture and vehicles24€7k€3k▼
Current assets29/58€48k€47k▼
Amounts receivable within one year40/41€27k€24k▼
Trade receivables40€21k€16k▼
Other amounts receivable41€7k€7k▲
Cash at bank and in hand54/58€10k€18k▲
Deferred charges and accrued income490/1€11k€5k▼
Equity and liabilities
Total equity and liabilities10/49€55k€51k▼
Equity10/15€42k€33k▼
Contributions10/11€5k€5k=
Reserves13€37k€28k▼
Distributable reserves133€37k€28k▼
Amounts payable17/49€13k€18k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€13k€18k▲
Current portion of amounts payable after more than one year42€2k€0▼
Financial debts43-€19
Credit institutions430/8-€19
Trade debts44€8k€15k▲
Suppliers440/4€8k€15k▲
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€3k€3k▼
Accrued charges and deferred income492/3€66€67▲
Income statement
Code20242025
Remuneration, social security and pensions62€250€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€4k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€10k€-2k▼
Operating profit (loss)9901€-448€-7k▼
Financial income75/76B€113€1k▲
Recurring financial income75€113€1k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-3k€-8k▼
Income taxes67/77€298€255▼
Profit (loss) for the period9904€-3k€-9k▼
Profit (loss) for the period to be appropriated9905€-3k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-9k▼
Transfer from equity791/2€3k€9k▲
The notes to these accounts (16 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €250 | €250 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €15k | €8k | €8k | €4k | ▼ 47.3% |
| Other operating charges640/8 | €3k | €2k | €2k | €2k | €1k | ▼ 33.7% |
| Gross operating margin9900 | €83k | €-2k | €12k | €10k | €-2k | ▼ 119% |
| Operating profit (loss)9901 | €68k | €-19k | €2k | €-448 | €-7k | ▼ 1,573% |
| Financial income75/76B | €441 | €138 | €189 | €113 | €1k | ▲ 838% |
| Recurring financial income75 | €441 | €138 | €189 | €113 | €1k | ▲ 838% |
| Financial charges65/66B | €534 | €1k | €3k | €3k | €2k | ▼ 24.0% |
| Recurring financial charges65 | €534 | €1k | €3k | €3k | €2k | ▼ 24.0% |
| Profit (loss) for the period before taxes9903 | €68k | €-20k | €-267 | €-3k | €-8k | ▼ 184% |
| Income taxes67/77 | €15k | €206 | €291 | €298 | €255 | ▼ 14.2% |
| Profit (loss) for the period9904 | €54k | €-21k | €-557 | €-3k | €-9k | ▼ 166% |
| Profit (loss) for the period to be appropriated9905 | €54k | €-21k | €-557 | €-3k | €-9k | ▼ 166% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €117k | €85k | €68k | €55k | €51k | ▼ 7.2% |
| Fixed assets21/28 | €62k | €28k | €11k | €7k | €4k | ▼ 42.1% |
| Tangible fixed assets22/27 | €62k | €28k | €11k | €7k | €4k | ▼ 42.1% |
| Plant, machinery and equipment23 | €7k | €4k | €2k | €285 | €948 | ▲ 233% |
| Furniture and vehicles24 | €56k | €24k | €9k | €7k | €3k | ▼ 53.3% |
| Current assets29/58 | €55k | €57k | €57k | €48k | €47k | ▼ 1.9% |
| Amounts receivable within one year40/41 | €25k | €21k | €28k | €27k | €24k | ▼ 13.2% |
| Trade receivables40 | €13k | €17k | €24k | €21k | €16k | ▼ 21.3% |
| Other amounts receivable41 | €12k | €4k | €5k | €7k | €7k | ▲ 11.7% |
| Cash at bank and in hand54/58 | €28k | €18k | €12k | €10k | €18k | ▲ 86.4% |
| Deferred charges and accrued income490/1 | €2k | €18k | €16k | €11k | €5k | ▼ 54.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €117k | €85k | €68k | €55k | €51k | ▼ 7.2% |
| Equity10/15 | €66k | €45k | €45k | €42k | €33k | ▼ 20.9% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €61k | €40k | €40k | €37k | €28k | ▼ 23.7% |
| Distributable reserves133 | €61k | €40k | €40k | €37k | €28k | ▼ 23.7% |
| Amounts payable17/49 | €51k | €39k | €23k | €13k | €18k | ▲ 35.5% |
| Amounts payable after more than one year17 | €24k | €17k | €2k | €0 | - | - |
| Financial debts170/4 | €24k | €17k | €2k | €0 | - | - |
| Amounts payable within one year42/48 | €27k | €22k | €21k | €13k | €18k | ▲ 35.6% |
| Current portion of amounts payable after more than one year42 | €8k | €8k | €4k | €2k | €0 | ▼ 100% |
| Financial debts43 | - | - | - | - | €19 | - |
| Credit institutions430/8 | - | - | - | - | €19 | - |
| Trade debts44 | €8k | €11k | €5k | €8k | €15k | ▲ 89.6% |
| Suppliers440/4 | €8k | €11k | €5k | €8k | €15k | ▲ 89.6% |
| Taxes, remuneration and social security45 | €1k | €3k | €12k | €3k | €3k | ▼ 12.7% |
| Taxes450/3 | €1k | €3k | €12k | €3k | €3k | ▼ 12.7% |
| Other amounts payable47/48 | €9k | €366 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | €57 | €0 | €64 | €66 | €67 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €-21k | €-557 | €-3k | €-9k | ▼ 166% |
| + Depreciation and write-downs630 | €12k | €15k | €8k | €8k | €4k | ▼ 47.3% |
| Operating cash flow (approximation) | €66k | €-6k | €7k | €5k | €-5k | ▼ 201% |
| Investment in fixed assets (approximation) | - | €19k | €10k | €-5k | €-1k | ▲ 76.1% |
| Change in cash | - | €-11k | €-5k | €-3k | €8k | ▲ 416% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €54k ▲613%
Operating result €68k, net result €54k, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Geel · 1 establishment unit since 2020
Ground area
326 m²
Building footprint
91 m²
Volume, LiDAR
538 m³
Parcel 13374F0572/00X000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
R-CONSTRUCT
since 20202.299.515.949
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13374F0572/00X000 | Flanders | 326 m² | 1 · 91 m² | 9.9 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 102 EUR awarded · 102 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 102 EUR | 102 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 6,921 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
Founded19-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43230Insulation installation
Contact
Phone
0494845096Geel
Scores and ratios are computed by Checked and are not a credit decision.