Equity
Debts exceed assets in financial year 2024.
In July 2024, 2,333 companies had the same profile as R-DEV has now. Each dot stands for 6 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 2,333 companies, not a prediction for R-DEV. 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.
R-DEV files the micro format. That format states no turnover. The gross margin rose from -€14,503 in 2014 to €3,967 in 2024.
The balance sheet grew most from 2015 to 2017 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 13 November 2026.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €30,000. Estimated: probably between €14,000 and €72,000.
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
320,151 | 332,209 | 348,238 | 364,333 | 371,130 | 385,818 | 397,803 | 415,659 | 143,839 | 142,452 | 139,241 | |
21/28 |
318,862 | 331,925 | 344,988 | 358,051 | 371,114 | 384,177 | 397,240 | 410,509 | 136,254 | 136,381 | 139,039 | |
22/27 |
318,862 | 331,925 | 344,988 | 358,051 | 371,114 | 384,177 | 397,240 | 410,509 | 136,254 | 136,381 | 139,039 | |
22 |
318,862 | 331,925 | 344,988 | 358,051 | 371,114 | 384,177 | 397,240 | 410,303 | 135,695 | 135,469 | 137,774 | |
23 |
- | - | - | - | - | - | - | 205 | 558 | 912 | 1,265 | |
29/58 |
1,289 | 284 | 3,250 | 6,282 | 15 | 1,641 | 563 | 5,150 | 7,586 | 6,071 | 202 | |
40/41 |
- | - | - | - | - | - | - | - | - | 5,960 | - | |
41 |
- | - | - | - | - | - | - | - | - | 5,960 | - | |
54/58 |
1,289 | 284 | 3,250 | 6,282 | 15 | 1,641 | 563 | 5,150 | 7,586 | 111 | 202 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
320,151 | 332,209 | 348,238 | 364,333 | 371,130 | 385,818 | 397,803 | 415,659 | 143,839 | 142,452 | 139,241 | |
10/15 |
-77,983 | -68,094 | -55,651 | -50,877 | -50,292 | -46,854 | -45,719 | -37,351 | -32,846 | -27,162 | -16,116 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
14 |
-96,583 | -86,694 | -74,251 | -69,477 | -68,892 | -65,454 | -64,319 | -55,951 | -51,446 | -45,762 | -34,716 | |
17/49 |
398,134 | 400,304 | 403,889 | 415,210 | 421,422 | 432,672 | 443,522 | 453,010 | 176,685 | 169,615 | 155,358 | |
17 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
170/4 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
42/48 |
298,134 | 300,304 | 303,889 | 315,210 | 321,422 | 332,672 | 343,522 | 353,010 | 76,685 | 69,615 | 55,358 | |
44 |
230,215 | 229,944 | 233,529 | 244,850 | 249,729 | 260,979 | 271,829 | 277,067 | 742 | 3,257 | 358 | |
440/4 |
230,215 | 229,944 | 233,529 | 244,850 | 249,729 | 260,979 | 271,829 | 277,067 | 742 | 3,257 | 358 | |
47/48 |
67,919 | 70,360 | 70,360 | 70,360 | 71,693 | 71,693 | 71,693 | 75,943 | 75,943 | 66,357 | 55,000 | |
| Income statement | ||||||||||||
9900 |
3,967 | 1,487 | 9,110 | 13,163 | 10,366 | 12,613 | 5,561 | 10,450 | 2,701 | -6,738 | -14,503 | |
630 |
13,063 | 13,063 | 13,063 | 13,063 | 13,063 | 13,063 | 13,268 | 13,416 | 3,837 | 3,719 | 19,477 | |
640/8 |
707 | 682 | 124 | 552 | 609 | 570 | 560 | 1,425 | 124 | 538 | 668 | |
66A |
- | - | - | - | - | - | - | - | 4,000 | - | - | |
9901 |
-9,803 | -12,258 | -4,077 | -452 | -3,307 | -1,021 | -8,267 | -4,392 | -5,260 | -10,994 | -34,648 | |
75/76B |
- | - | - | - | - | - | - | - | - | - | 5 | |
75 |
- | - | - | - | - | - | - | - | - | - | 5 | |
65/66B |
86 | 186 | 132 | 132 | 132 | 114 | 101 | 114 | 423 | 52 | 72 | |
65 |
86 | 186 | 132 | 132 | 132 | 114 | 101 | 114 | 423 | 52 | 72 | |
9903 |
-9,889 | -12,444 | -4,209 | -584 | -3,439 | -1,135 | -8,368 | -4,506 | -5,683 | -11,046 | -34,715 | |
67/77 |
- | - | 565 | - | - | - | - | - | - | - | 1 | |
9904 |
-9,889 | -12,444 | -4,774 | -584 | -3,439 | -1,135 | -8,368 | -4,506 | -5,683 | -11,046 | -34,716 | |
9905 |
-9,889 | -12,444 | -4,774 | -584 | -3,439 | -1,135 | -8,368 | -4,506 | -5,683 | -11,046 | -34,716 | |
| Appropriation of the result | ||||||||||||
9906 |
-96,583 | -86,694 | -74,251 | -69,477 | -68,892 | -65,454 | -64,319 | -55,951 | -51,446 | -45,762 | -34,716 | |
14P |
-86,694 | -74,251 | -69,477 | -68,892 | - | - | - | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 15-09-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 15-09-2025 | 2025-00492558 | |
| 31-12-2023 | micro format | 23-06-2024 | 2024-00184408 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00369666 | |
| 31-12-2021 | micro format | 16-08-2022 | 2022-20291802 | |
| 31-12-2020 | micro format | 31-07-2021 | 2021-45300388 | |
| 31-12-2019 | micro format | 12-08-2020 | 2020-41900431 | |
| 31-12-2018 | micro format | 18-05-2019 | 2019-14100310 | |
| 31-12-2017 | micro format | 03-07-2018 | 2018-28000068 | |
| 31-12-2016 | micro format | 04-09-2017 | 2017-59500292 | |
| 31-12-2015 | abbreviated format | 05-04-2016 | 2016-09400276 | |
| 31-12-2014 | abbreviated format | 01-07-2015 | 2015-27200469 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,260 | 805 | 8,986 | 12,611 | 9,756 | 12,042 | 5,001 | 9,025 | -1,423 | -7,276 | -15,171 | ||
| 3,174 | 619 | 8,289 | 12,479 | 9,624 | 11,928 | 4,900 | 8,911 | -1,846 | -7,327 | -15,239 | ||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 287,671 | 3,710 | 1,060 | 158,516 | ||
| 1,005 | -2,966 | -3,032 | 6,267 | -1,626 | 1,078 | -4,587 | -2,436 | 7,474 | -91 | - | ||
| -296,846 | -300,020 | -300,639 | -308,928 | -321,407 | -331,031 | -342,959 | -347,860 | -69,099 | -63,543 | -55,156 | ||
| -24.4% | -20.5% | -16.0% | -14.0% | -13.6% | -12.1% | -11.5% | -9.0% | -22.8% | -19.1% | -11.6% | ||
| 0.00 | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 | 0.01 | 0.10 | 0.09 | 0.00 | ||
| -3.1% | -3.7% | -1.4% | -0.2% | -0.9% | -0.3% | -2.1% | -1.1% | -4.0% | -7.8% | -24.9% | ||
| 37.95 | 4.33 | 68.08 | 95.54 | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
The operating result for 2024 is a loss of €9,803, smaller than the loss of €12,258 in 2023.
Equity is negative. Debt (€398,134) exceeds the balance-sheet total (€320,151).
R-DEV has no parent and no holdings in its annual accounts. R-DEV shares no director with another company.
| JR BUILD
registered office since 08-08-2007 · founded in 2007 |
total assets €546,525 (2025) 0891.332.802 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Herkenrodedreef 69 registered office 3511 Hasselt 66300 Activities auxiliary to financial services and insurance activities | 05-08-2013 | 2.221.533.392 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71483E0220/00Z002 | 1,115 m² | 1 · 161 m² | 8.2 m · 1 |
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