R.dc
ActiveSummary
R.dc has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €650,371 and a net result of €20,839. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 58% of 8061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
What they do
Other specialised construction activities
NACE 43990NACE 43999
1 site
How big
€1.3mtotal assets 2025
- Equity
- €650,371
- Profit
- €20,839
Turnover not published (abridged schema)
Who decides
Accounts filed 26 d late0 of 7 deeds read
Why 63- Higher-failure-rate sector+ Long track record+ Annual accounts: healthy financial profileFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability41▲+40
Solvency76▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 4.26 against 3.28 in 2024; short-term debt: 21% and cash: 2.3% of total assets), and 48.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 · 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
51.4%
Return on assets
1.6%
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 26-08-2026, 26 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
26 d late
2024
57 d late
2023
16 d early
2022
11 d early
2021
58 d early
2020
30 d late
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 20 July (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Back to profitnet €20,839
- Annual accounts filedfiscal year 2024 · abbreviated…
Financials
Fiscal year 2025Total assets €1.3mProfit €20,839Solvency 51.4%Liquidity 4.26
Total assets
€1.3m▼ 0.5%
2018 - 2025
Net result
€20,839
2018 - 2025
Equity
€650,371▲ 3.3%
2018 - 2025
Staff (FTE)
0
2018 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.02m▼ 88.1%€0.004m▼ 85.2%€0.02m▲ 604%-€0.2m€0.04m
Net result€0.02mwithin the sector's middle half▼ 82.0%€169below the sector's middle half▼ 99.2%€0.01mwithin the sector's middle half▲ 6,587%-€0.2mbelow the sector's middle half€0.02mwithin the sector's middle half
Equity€0.8mabove the sector's middle half▲ 2.8%€0.8mabove the sector's middle half▼ 1.2%€0.8mabove the sector's middle half▲ 1.4%€0.6mwithin the sector's middle half▼ 21.8%€0.7mabove the sector's middle half▲ 3.3%
Total assets€1.1mwithin the sector's middle half▼ 8.9%€1.2mwithin the sector's middle half▲ 10.4%€1.6mwithin the sector's middle half▲ 31.9%€1.3mwithin the sector's middle half▼ 20.0%€1.3mwithin the sector's middle half▼ 0.5%
Debt€0.2m▼ 27.7%€0.3m▲ 59.0%€0.7m▲ 113%€0.6m▼ 8.8%€0.6m▼ 4.2%
Working capital€0.7mabove the sector's middle half▲ 18.4%€0.7mabove the sector's middle half▲ 3.0%€1.0mabove the sector's middle half▲ 46.3%€0.8mabove the sector's middle half▼ 24.1%€0.9mabove the sector's middle half▲ 10.5%
Solvency73.6%above the sector's middle half▲ 8.4pp65.8%above the sector's middle half▼ 7.7pp50.6%within the sector's middle half▼ 15.2pp49.5%within the sector's middle half▼ 1.2pp51.4%within the sector's middle half▲ 1.9pp
Current ratio4.37above the sector's middle half▲ 1.283.13above the sector's middle half▼ 1.243.55above the sector's middle half▲ 0.423.28above the sector's middle half▼ 0.264.26above the sector's middle half▲ 0.97
Return on assets (ROA)2.0%within the sector's middle half▼ 8.0pp0.0%below the sector's middle half▼ 2.0pp0.7%below the sector's middle half▲ 0.7pp-13.8%below the sector's middle half▼ 14.5pp1.6%within the sector's middle half▲ 15.5pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €44,507 after a loss of €232,950 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€134,834 ▼ 7.7%
Current assets
€1.1m ▲ 0.4%
Equity and liabilities €1.3m
Equity
€650,371 ▲ 3.3%
Debt
€615,635 ▼ 4.2%
Debt's share of the balance-sheet total falls from 50.5% to 48.6%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€51,507▲
2024 · -€225,006
Cash flow
€27,839▲
2024 · -€167,970
Debt to equity
0.95▼
2024 · 1.02
ROE
3.2%▲
2024 · -27.9%
Interest coverage
2.43▲
2024 · -10.52
Debt ≤ 1 year
€265,635▼
2024 · €342,910
Debt > 1 year
€350,000▲
2024 · €300,000
Income taxes
€10,440▼
2024 · €14,171
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €48,820 | €0 | - | €1,653 | €42,771 | ▲ 2,488% |
| Remuneration, social security and pensions62 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,168 | €15,155 | €15,154 | €7,944 | €7,000 | ▼ 11.9% |
| Other operating charges640/8 | €4,180 | €2,632 | €2,712 | €138,103 | €2,880 | ▼ 97.9% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €49,132 | €21,309 | €42,674 | -€86,904 | €54,388 | ▲ 163% |
| Operating profit (loss)9901 | €23,784 | €3,522 | €24,808 | -€232,950 | €44,507 | ▲ 119% |
| Financial income75/76B | €3,460 | €4,069 | €9,628 | €12,053 | €7,964 | ▼ 33.9% |
| Recurring financial income75 | €3,460 | €4,069 | €9,628 | €12,053 | €7,964 | ▼ 33.9% |
| Financial charges65/66B | €4,827 | €7,036 | €22,767 | €21,379 | €21,193 | ▼ 0.9% |
| Recurring financial charges65 | €4,827 | €7,036 | €22,767 | €21,379 | €21,193 | ▼ 0.9% |
| Profit (loss) for the period before taxes9903 | €22,417 | €556 | €11,669 | -€242,276 | €31,279 | ▲ 113% |
| Transfer from deferred taxes780 | - | - | - | €80,533 | €0 | ▼ 100% |
| Transfer to deferred taxes680 | €0 | - | - | - | - | - |
| Income taxes67/77 | €747 | €387 | €360 | €14,171 | €10,440 | ▼ 26.3% |
| Profit (loss) for the period9904 | €21,670 | €169 | €11,309 | -€175,914 | €20,839 | ▲ 112% |
| Transfer from tax-exempt reserves789 | - | - | - | €241,598 | €0 | ▼ 100% |
| Transfer to tax-exempt reserves689 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €21,670 | €169 | €11,309 | €65,684 | €20,839 | ▼ 68.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.2m | €1.6m | €1.3m | €1.3m | ▼ 0.5% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 7.7% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 7.7% |
| Land and buildings22 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 4.2% |
| Plant, machinery and equipment23 | €0.04m | €0.03m | €0.02m | €0.01m | €0.007m | ▼ 50.0% |
| Furniture and vehicles24 | €0.06m | €0.04m | €0.03m | €0.03m | €0.03m | = |
| Current assets29/58 | €0.9m | €1.0m | €1.4m | €1.1m | €1.1m | ▲ 0.4% |
| Amounts receivable after more than one year29 | €0.02m | €0.2m | €0.7m | €0.7m | €0.6m | ▼ 7.0% |
| Other amounts receivable291 | €0.02m | €0.2m | €0.7m | €0.7m | €0.6m | ▼ 7.0% |
| Stocks and contracts in progress3 | €0.09m | €0.1m | €0.1m | €0.006m | €0 | ▼ 100% |
| Stocks30/36 | - | €0.03m | €0.03m | €0 | - | - |
| Contracts in progress37 | €0.09m | €0.1m | €0.1m | €0.006m | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €0.5m | €0.6m | €0.6m | €0.4m | €0.5m | ▲ 13.5% |
| Trade receivables40 | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 21.3% |
| Other amounts receivable41 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 6.8% |
| Cash at bank and in hand54/58 | €0.2m | €0.05m | €0.02m | €0.02m | €0.03m | ▲ 36.0% |
| Deferred charges and accrued income490/1 | €0.04m | €0 | €0.02m | €0.01m | €0.002m | ▼ 85.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.6m | €1.3m | €1.3m | ▼ 0.5% |
| Equity10/15 | €0.8m | €0.8m | €0.8m | €0.6m | €0.7m | ▲ 3.3% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.8m | €0.8m | €0.8m | €0.6m | €0.6m | ▲ 3.4% |
| Non-distributable reserves130/1 | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | €0.002m | €0.002m | €0 | - | - | - |
| Tax-exempt reserves132 | €0.2m | €0.2m | €0.2m | €0 | - | - |
| Distributable reserves133 | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | ▲ 3.4% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | - | - |
| Provisions and deferred taxes16 | €0.08m | €0.08m | €0.08m | €0 | - | - |
| Provisions for liabilities and charges160/5 | €0 | - | - | - | - | - |
| Pensions and similar obligations160 | €0 | - | - | - | - | - |
| Deferred taxes168 | €0.08m | €0.08m | €0.08m | €0 | - | - |
| Amounts payable17/49 | €0.2m | €0.3m | €0.7m | €0.6m | €0.6m | ▼ 4.2% |
| Amounts payable after more than one year17 | €0.005m | €0 | €0.3m | €0.3m | €0.4m | ▲ 16.7% |
| Financial debts170/4 | €0.005m | €0 | €0.3m | €0.3m | €0.4m | ▲ 16.7% |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.4m | €0.3m | €0.3m | ▼ 22.5% |
| Current portion of amounts payable after more than one year42 | €0.006m | €0.005m | €0 | - | - | - |
| Financial debts43 | €0.003m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 32.8% |
| Credit institutions430/8 | €0.003m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 32.8% |
| Trade debts44 | €0.1m | €0.1m | €0.1m | €0.06m | €0.07m | ▲ 12.6% |
| Suppliers440/4 | €0.1m | €0.1m | €0.1m | €0.06m | €0.07m | ▲ 12.6% |
| Taxes, remuneration and social security45 | €0.006m | €0.003m | €0.01m | €0.01m | €0.006m | ▼ 49.4% |
| Taxes450/3 | €0.006m | €0.003m | €0.01m | €0.01m | €0.006m | ▼ 49.4% |
| Other amounts payable47/48 | €0.08m | €0.09m | €0.08m | €0.1m | €0.09m | ▼ 24.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,670 | €169 | €11,309 | -€175,914 | €20,839 | ▲ 112% |
| + Depreciation and write-downs630 | €21,168 | €15,155 | €15,154 | €7,944 | €7,000 | ▼ 11.9% |
| Operating cash flow (approximation) | €42,838 | €15,324 | €26,463 | -€167,970 | €27,839 | ▲ 117% |
| Investment in fixed assets (approximation) | - | €20,115 | €0 | €0 | €4,229 | - |
| Change in cash | - | -€148,826 | -€29,134 | -€2,402 | €7,875 | ▲ 428% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
SCHARRE
BE 0454.719.370
Herentals · Eq €650,228
ENGETIL
BE 0452.053.652
Fleurus · Eq €651,072
Vandendriessche Construct
BE 0877.924.531
Zedelgem · Eq €652,349
VANBOSSEL LUC
BE 0877.537.818
Ichtegem · Eq €648,298
ALBO BETONBOUW
BE 0441.025.445
Kasterlee · Eq €652,644
Of 15,518 companies in this sector we hold annual accounts for 7,427. 4,062 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
14 eventsLatest 26-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Back to profitnet €20,839
Net result €20,839 after one loss-making year.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 57 days late
2024
31-12
Financial
Weakest financial yearnet -€175,914
Net result drops to -€175,914, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Back to profitnet €120,081
Net result €120,081 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.09
Current ratio from 1.37 to 3.09; short-term debt falls from €768,151 to €277,263.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 88 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 58 days late
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 52 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 7 acts read
About the unread acts
We know of 7 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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Company details
Private limited company · founded 09-12-2004Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded09-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0870477505
Also
9925:BE0870477505
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Aalter · 1 establishment unit since 2004
Ground area
696 m²
Building footprint
140 m²
Volume, LiDAR
486 m³
Parcel 44502C0114/00Z000, Flanders · tallest building 5.6 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
R.dc
since 2004unit no. 2.144.460.360
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44502C0114/00Z000 | Flanders | 696 m² | 1 · 140 m² | 5.6 m · 1 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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