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R-GROUP Holding

Active
Public limited companyfounded 2013active for 13 yearsRue de Tilff 277, 4031 Liège, Belgium26 active companies are registered at this addressKBO/BCE: BE 0538.922.201

From the official registers: KBO 14 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

R-GROUP Holding has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.1m and a net result of -€536,441. Equity has been growing by about 4.8% per year since 2018. Its solvency ranks better than 43% of 892 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow ReportCompare
R-GROUP HoldingActiveChecked score 85/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 25-09-2013 Normal situation
Legal form
Public limited company
Registered office
Rue de Tilff 277, 4031 Liège
Activity
Engineering and related technical consultancy, excluding land surveyors NACE 71121and 1 other
Establishment unit
2.224.192.083 4031 Liège, since 18-09-2013
Financial year end
31 December
Peppol
Reachable since 21-03-2024
Company details

Board and ownership

Board
  • VILAFRADaily manager · permanent representative Henri THONNART
  • BEWATTDirector · since 10-09-2025 · permanent representative VANDERSCHUEREN Bruno
  • EODEN RESSOURCESDirector · since 10-09-2025 · permanent representative Elahmi Nicolas
  • RENARD PatrickDirector · since 10-09-2025
and 5 other directors
Auditor
3R LEBOUTTE & CO SRL
Shareholders
and 2 other shareholders
Holdings
Shares in 6 companies including E-NOVA and Energy Village Immo
Board & ownership

Financial position

85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Turnover
€856,455
▼ 6.6%
Operating revenue
€7.2m
▲ 5.9%
Loss
€536,441
▲ 8.3%
Equity
€11.1m
▲ 884%
Total assets
€31.3m
▲ 54.0%
Staff
23.5 FTE
▼ 4.9%
Equity +884%: capital increaseStandalone figures, without subsidiaries2025 accounts filed 51 days before the deadline
Filed on 10-06-2026at the National Bank
Financials
Score breakdownraises riskLiquidity: current ratio 1.66, cash €638, halvedLoss of €536,441, the second in a row (financial year 2025)lowers riskSize: turnover €856,455, 23.5 FTE, total assets €31.3m, files consolidated accountsSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 37% of small companies in architecture and engineering (NACE 71)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 60+29
equity 35.5% of total assets
Liquidity 30+5
short-term debt 42.5% · cash 0.0%
Profitability 31+18
return on assets -1.7%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (690 companies, NACE 71, small)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.5%▲ +0.1 percentage points vs 12-2024 02-2025: 0.4%▼ -0.1 percentage points vs 01-2025 03-2025: 0.5%▲ +0.1 percentage points vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.2 percentage points vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025highest value 09-2025: 0.5%▼ -0.2 percentage points vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.3%▼ -0.2 percentage points vs 06-2026lowest value 08-2026: 0.3%● unchanged vs 07-2026lowest value 09-2026: 0.3%● unchanged vs 08-2026lowest value 10-2026: 0.3%● unchanged vs 09-2026lowest value
Credit of up to €85,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.66 (1.12 in 2024), above the usual 1.5. Short-term debt is 42.5% and cash 0% of total assets. However, 64.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, small). It does better than 42% of them on solvency, 19% on liquidity, 18% on profitability and 67% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.66, cash €638, halved
NBB · annual accounts
lowers risk · Size: turnover €856,455, 23.5 FTE, total assets €31.3m, files consolidated accounts
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
raises risk · Loss of €536,441, the second in a row (financial year 2025)
NBB · annual accounts
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 10-06-2026, 51 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
51 days early
2024
2 days early
2023
23 days early
2022
29 days late
2021
31 days early
2020
20 days late
2019
19 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 3 loss-making years in a rowloss in financial year 2025 -€536,441 View
  • Positive: Equity rose in 2025capital increase ▲ 884% View
  • Caution: Lower net result than 91% of companies in architecture and engineeringsector median €35,976 · 894 companies -€536,441 View
  • Heads a groupcompanies controlled 7 View

Documents

Annual accounts at the NBB

All 14 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about R-GROUP Holding

What is the company number of R-GROUP Holding?
The company number of R-GROUP Holding is 0538.922.201. The VAT number is the same number with BE in front: BE 0538.922.201.
Where is R-GROUP Holding based?
The registered office is at Rue de Tilff 277, 4031 Liège.Company details
What does R-GROUP Holding do?
According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
What is the legal form of R-GROUP Holding?
The legal form of R-GROUP Holding is Public limited company (NV).
When was R-GROUP Holding founded?
R-GROUP Holding was founded on 25-09-2013.
Is R-GROUP Holding still active?
Yes, R-GROUP Holding is an active enterprise in the KBO register.
How many employees does R-GROUP Holding have?
R-GROUP Holding had an average of 23.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of R-GROUP Holding?
The turnover of R-GROUP Holding was €856,455 in financial year 2025, according to the filed annual accounts.
Is R-GROUP Holding profitable?
In financial year 2025, R-GROUP Holding made a loss of €536,441.
Where can I find the annual accounts of R-GROUP Holding?
R-GROUP Holding filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of R-GROUP Holding due?
R-GROUP Holding must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Companies linked to R-GROUP Holding

Comparable companies

These companies have the same main activity as R-GROUP Holding: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €11m and €36m, founded between 2003 and 2012.

CompanyTotal assetsTurnover
R-GROUP Holding Liège€31.3m€0.9m
FUTERRO Celles (lez-Tournai)€29.6m€2.9m
BORIT Geel€25.6m€3.3m
Renner Energies Belgium Leuven€22.4m€0.9m
Jeco Energies Herentals€35.9m€2.0m
DENYS SUPPORT Gent€18.5m€7.6m
AMPACIMON Liège€11.1m€3.6m
Full comparison

Next steps

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