Equity
Equity fell by 50% in 4 years.
Equity fell by 50% in 4 years.
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
Lower net result than 86% of companies in specialised construction. Sector median €9,999 · 37,159 companies.
In July 2024, 3,592 companies had the same profile as R-CONSTRUCT has now. Each dot stands for 9 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,592 companies, not a prediction for R-CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| R-CONSTRUCT Geel | €51,004 | -€1,893 | 64.6% | - |
| Jorheco Westerlo | €47,837 | -€3,287 | 33.9% | - |
| WINPOSE Brussels | €52,221 | €312 | 87.7% | - |
| D.S Châssis Anderlecht | €53,452 | -€23,461 | 0.4% | - |
| SVEN VERREYT Lochristi | €61,554 | -€4,260 | 34.7% | - |
| R.N.K. Ninove | €56,063 | -€28,253 | -50.7% | - |
| C2D Chassid’Or Jemeppe-sur-Sambre | €43,295 | €143 | 99.0% | - |
These companies have the same main activity as R-CONSTRUCT: joinery installation (NACE 43320). They are comparable in size and age: total assets between €43,300 and €61,600, founded between 2018 and 2021.
R-CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €12,174 in 2020 to -€1,893 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 70% of 37,177 companies in 2025.
Higher than 66% of 36,472 companies in 2025.
Higher than 9% of 36,707 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
51,004 | 54,971 | 67,942 | 84,913 | 117,265 | 101,102 | |
21/28 |
4,184 | 7,222 | 10,527 | 28,190 | 62,376 | 23,916 | |
22/27 |
4,184 | 7,222 | 10,527 | 28,190 | 62,376 | 23,916 | |
23 |
948 | 285 | 1,974 | 4,200 | 6,536 | 2,199 | |
24 |
3,236 | 6,937 | 8,553 | 23,990 | 55,840 | 21,718 | |
29/58 |
46,820 | 47,748 | 57,415 | 56,723 | 54,888 | 77,186 | |
40/41 |
23,602 | 27,199 | 28,460 | 20,992 | 24,651 | 47,612 | |
40 |
16,156 | 20,531 | 23,923 | 17,181 | 12,614 | 32,221 | |
41 |
7,445 | 6,668 | 4,537 | 3,811 | 12,037 | 15,390 | |
54/58 |
18,286 | 9,811 | 12,492 | 17,744 | 28,377 | 28,909 | |
490/1 |
4,932 | 10,738 | 16,463 | 17,987 | 1,860 | 665 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
51,004 | 54,971 | 67,942 | 84,913 | 117,265 | 101,102 | |
10/15 |
32,957 | 41,648 | 44,920 | 45,478 | 66,049 | 12,512 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
13 |
27,957 | 36,648 | 39,920 | 40,478 | 61,049 | 7,512 | |
133 |
27,957 | 36,648 | 39,920 | 40,478 | 61,049 | 7,512 | |
17/49 |
18,047 | 13,323 | 23,021 | 39,435 | 51,216 | 88,590 | |
17 |
- | 0 | 2,187 | 17,048 | 24,305 | 13,068 | |
170/4 |
- | 0 | 2,187 | 17,048 | 24,305 | 13,068 | |
42/48 |
17,980 | 13,257 | 20,771 | 22,387 | 26,853 | 75,468 | |
42 |
0 | 2,187 | 3,694 | 7,586 | 7,794 | 3,495 | |
43 |
19 | - | - | - | - | - | |
430/8 |
19 | - | - | - | - | - | |
44 |
15,380 | 8,114 | 5,101 | 11,422 | 8,476 | 1,471 | |
440/4 |
15,380 | 8,114 | 5,101 | 11,422 | 8,476 | 1,471 | |
46 |
- | - | - | - | - | 69,820 | |
45 |
2,581 | 2,957 | 11,976 | 3,014 | 1,394 | 681 | |
450/3 |
2,581 | 2,957 | 11,976 | 3,014 | 1,394 | 681 | |
47/48 |
- | - | 0 | 366 | 9,189 | - | |
492/3 |
67 | 66 | 64 | 0 | 57 | 55 | |
| Income statement | |||||||
9900 |
-1,893 | 9,841 | 12,076 | -2,358 | 83,497 | 12,174 | |
62 |
0 | 250 | 250 | - | - | - | |
630 |
4,111 | 7,805 | 7,506 | 14,946 | 12,028 | 3,456 | |
640/8 |
1,481 | 2,234 | 1,899 | 2,028 | 3,134 | 1,149 | |
9901 |
-7,485 | -448 | 2,421 | -19,332 | 68,335 | 7,569 | |
75/76B |
1,055 | 113 | 189 | 138 | 441 | 780 | |
75 |
1,055 | 113 | 189 | 138 | 441 | 780 | |
65/66B |
2,005 | 2,640 | 2,876 | 1,171 | 534 | 195 | |
65 |
2,005 | 2,640 | 2,876 | 1,171 | 534 | 195 | |
9903 |
-8,435 | -2,975 | -267 | -20,365 | 68,242 | 8,153 | |
67/77 |
255 | 298 | 291 | 206 | 14,705 | 642 | |
9904 |
-8,690 | -3,273 | -557 | -20,571 | 53,537 | 7,512 | |
9905 |
-8,690 | -3,273 | -557 | -20,571 | 53,537 | 7,512 | |
| Appropriation of the result | |||||||
9906 |
-8,690 | -3,273 | -557 | -20,571 | 53,537 | 7,512 | |
791/2 |
8,690 | 3,273 | 557 | 20,571 | - | - | |
691/2 |
- | - | - | 0 | 53,537 | 7,512 | |
6921 |
- | - | - | 0 | 53,537 | 7,512 | |
| Document | |||||||
The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-07-2026 | 2026-00247000 | |
| 31-12-2024 | micro format | 11-07-2025 | 2025-00257956 | |
| 31-12-2023 | micro format | 14-07-2024 | 2024-00251737 | |
| 31-12-2022 | micro format | 22-08-2023 | 2023-00340957 | |
| 31-12-2021 | micro format | 03-07-2022 | 2022-20124341 | |
| 31-12-2020 | micro format | 22-06-2021 | 2021-23500134 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| -3,374 | 7,357 | 9,927 | -4,386 | 80,363 | 11,025 | ||
| -4,579 | 4,532 | 6,949 | -5,625 | 65,565 | 10,968 | ||
| 1,074 | 4,500 | 1,137 | 1,130 | 50,488 | 27,372 | ||
| 8,475 | -2,680 | -5,253 | -10,633 | -532 | - | ||
| 28,840 | 34,491 | 36,644 | 34,336 | 28,035 | 1,718 | ||
| 64.6% | 75.8% | 66.1% | 53.6% | 56.3% | 12.4% | ||
| 2.60 | 3.60 | 2.76 | 2.53 | 2.04 | 1.02 | ||
| 0.55 | 0.32 | 0.51 | 0.87 | 0.78 | 7.08 | ||
| -26.4% | -7.9% | -1.2% | -45.2% | 81.1% | 60.0% | ||
| -17.0% | -6.0% | -0.8% | -24.2% | 45.7% | 7.4% | ||
| -1.68 | 2.79 | 3.45 | -3.74 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Pledge on other assets, amount secured | €24,633 | €24,633 | €24,633 | €24,633 | - |
| Carrying value of the other pledged assets | - | €6,062 | €6,899 | €22,810 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,074 | €4,500 | €1,137 | €1,130 | €50,488 |
| Financial fixed assets | €0 | - | - | - | - |
| €4,111 | €7,805 | €7,506 | €14,946 | €12,028 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €7,485, larger than the loss of €448 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 24.2% to 35.4%. Equity is lower and debt is higher.
R-CONSTRUCT has no parent and no holdings in its annual accounts. is the only director. R-CONSTRUCT shares no director with another company.
| Van den Broeck, Sanne (sole trader)
establishment since 01-10-2026 |
founded in 2026 1041.526.810 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 19 February 2020, R-CONSTRUCT was incorporated as a private limited company by three natural persons, with a starting capital of €5,000.12 In 2024 the registered office moved to Geel.3 is sole director of the company, appointed by deed of 21-02-2020.2 Total assets went from €101,102 in 2020 to €51,004 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Vinkenstraat 3A registered office 2440 Geel | 19-02-2020 | 2.299.515.949 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13374F0572/00X000 | 326 m² | 1 · 91 m² | 9.9 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0743.851.329
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