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 is growing by about 4.8% per year across the filed financial years. Its solvency ranks better than 43% of 890 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow Report Compare

R-GROUP HoldingActiveChecked score 85/100

Risk analysis Report Compare

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

Who decides

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

How it is doing

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 51 days early

Filed on 10-06-2026at the National Bank

Financials

Why 85raises 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 better than 37% of its sector peers (NACE 71, small)

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, 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 ample (current ratio 1.66, compared with 1.12 in 2024, above the usual 1.5; short-term debt: 42.5% and cash: 0% of total assets), but 64.5% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 42% 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.

lowers riskraises riskneutral

Liquidity: current ratio 1.66, cash €638, halved

NBB · annual accounts

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 its profile.

NBB · annual accounts

Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)

KBO

Loss of €536,441, the second in a row (financial year 2025)

NBB · annual accounts

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

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

Searched, nothing found (2)

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

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Risk: 3 loss-making years in a rowloss financial year 2025 -€536,441 View
Positive: Equity rose in 2025capital increase ▲ 884% View
Caution: Among the weakest 9% on net resultsector median €35,976 · 892 companies -€536,441 View
Heads a groupcompanies controlled 7 View

Documents

Key facts about R-GROUP Holding

What is the company number of R-GROUP Holding?: 0538.922.201. In Belgium the VAT number is the company 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?: Public limited company (NV).
When was R-GROUP Holding 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?: On average 23.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of R-GROUP Holding?: €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?: By 31-07-2027, for financial year 2026.Timeline