R&D -CONSTRUCT
Active1 interim measureSummary
The file of R&D -CONSTRUCT contains 1 interim measure, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 2.7% (moderate). The 2025 annual accounts show equity of €42k and a net result of €20k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 38% of 27786 sector peers (fiscal year 2025).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▲+65
Solvency61▲+12
Growth78▲+46
Track record80
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity ample (current ratio 1.85 against 1.38 in 2024; short-term debt: 50.5% and cash: 2% of total assets), but 64.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 43
higher
← 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
35.9%
Return on assets
16.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
57 d late
2023
5 d early
2022
11 d late
2021
9 d late
2020
11 d late
2019
144 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▲ 88.0%
2024 · €22k
2018: €40k
2019: €44k
2020: €40k
2021: €44k
2022: €69k
2023: €24k
2024: €22k
2018 → 2025
Total assets
€117k▲ 28.1%
2024 · €91k
2018: €111k
2019: €118k
2020: €99k
2021: €118k
2022: €120k
2023: €85k
2024: €91k
2018 → 2025
Net result
€20k
2024 · €-2k
2018: €6k
2019: €4k
2020: €-4k
2021: €4k
2022: €25k
2023: €-46k
2024: €-2k
2018 → 2025
Working capital
€50k▲ 112%
2024 · €24k
2018: €54k
2019: €72k
2020: €58k
2021: €65k
2022: €65k
2023: €15k
2024: €24k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€69k▲ 57.3%€24k▼ 65.6%€22k▼ 6.8%€42k▲ 88.0%
Operating result€11k-€28k▲ 150%€-36k€2k€24k▲ 1,176%
Net result€4k-€25k▲ 482%€-46k€-2k▲ 96.4%€20k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,176% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €117k
Fixed assets
€7k ▲ 50.1%
Current assets
€109k ▲ 26.9%
Equity and liabilities €117k
Equity
€42k ▲ 88.0%
Debt
€75k ▲ 8.7%
Debt's share of the balance-sheet total falls from 75.6% to 64.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26k▲
2024 · €4k
Cash flow
€22k▲
2024 · €39
Current ratio
1.85▲
2024 · 1.38
Quick ratio
1.60▲
2024 · 1.25
Debt to equity
1.79▼
2024 · 3.09
ROE
46.8%▲
2024 · -7.4%
ROA
16.8%▲
2024 · -1.8%
Interest coverage
6.76▲
2024 · 1.05
Debt ≤ 1 year
€59k▼
2024 · €62k
Income taxes
€141▲
2024 · €140
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€91k€117k▲
Fixed assets21/28€5k€7k▲
Tangible fixed assets22/27€5k€7k▲
Plant, machinery and equipment23€4k€4k▲
Furniture and vehicles24€1k€4k▲
Current assets29/58€86k€109k▲
Stocks and contracts in progress3€8k€15k▲
Stocks30/36€8k€15k▲
Amounts receivable within one year40/41€67k€68k▲
Trade receivables40€34k€3k▼
Other amounts receivable41€33k€66k▲
Cash at bank and in hand54/58€34€2k▲
Deferred charges and accrued income490/1€11k€24k▲
Equity and liabilities
Total equity and liabilities10/49€91k€117k▲
Equity10/15€22k€42k▲
Contributions10/11€19k€19k=
Reserves13€50k€50k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€48k€48k=
Profit (loss) carried forward14€-46k€-27k▲
Amounts payable17/49€69k€75k▲
Amounts payable within one year42/48€62k€59k▼
Financial debts43€14k-
Credit institutions430/8€14k-
Trade debts44€47k€59k▲
Suppliers440/4€47k€59k▲
Taxes, remuneration and social security45€140€141▲
Taxes450/3€140€141▲
Other amounts payable47/48€2k-
Accrued charges and deferred income492/3€6k€16k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€7k€28k▲
Operating profit (loss)9901€2k€24k▲
Financial income75/76B€8€7▼
Recurring financial income75€8€7▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-1k€20k▲
Income taxes67/77€140€141▲
Profit (loss) for the period9904€-2k€20k▲
Profit (loss) for the period to be appropriated9905€-2k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-46k€-27k▲
Profit (loss) brought forward from the previous period14P€-45k€-46k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
31-12
Financial
Back to profitnet €20k
Net result €20k after 2 loss-making years.
09-12
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-46k ▼280%
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Highest result since 2018net €25k ▲482%
Operating result €28k, net result €25k, both a record.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 144 days late
Show earlier events
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 7 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Eeklo · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vrombautstraat 1079900 EekloGround area
1,369 m²
Building footprint
137 m²
Volume, LiDAR
565 m³
Parcel 43005C0728/00D002, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vrombautstraat 107, 9900 Eeklo
since 20092.178.504.390
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43005C0728/00D002 | Flanders | 1,369 m² | 1 · 137 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
DEVRIENDT BJöRN
BE 0783.293.806
Torhout · Eq €41,787
D.D.P. Concept
BE 0878.726.760
Ittre · Eq €41,899
BinnenSchrijnwerk Snels
BE 0771.966.976
Rijkevorsel · Eq €41,712
Groep IS
BE 0836.487.616
Nieuwerkerken (Limb.) · Eq €41,929
P & C INTERIEUR
BE 0526.826.794
Bonheiden · Eq €41,937
Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 7,225 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.