Result
€2.0m ▲ 178%
The result rose in 2025: mostly from a one-off income of €1.3m.
R-INVEST
Lifetime
20 annual accounts with figures on one time axis, 29 filings since 1997peak €2.7m (2025)
€2.7m▲ 375%
lowest -€4,530 (2021)
€2.0m▲ 178%
peak €6.3m (2025)
€6.3m▲ 46.7%
€20.9m▲ 11.9%
peak 4.1 FTE (2025)
4.1 FTE▲ 242%
Board8 names since 2019
3 directorsPates Consulting and 2 others
Owners4 names in the annual accounts
100%SWBPC
Documentsfilings and deeds
30-06-202631 days before the deadline
2025financial year
Gross margin from €559,719 to €2.7mResult from €719,634 to €2.0mStaff from 1.2 FTE to 4.1 FTEReappointment: Pates Consulting bv (managing director) 08-12Merger: R-INVEST takes over Beveren Recycling 26-094 directors appointed 21-08
Key points
from the 2025 annual accountsDebts
€20.9m 75% of the balance sheet
Financial debts 65%Suppliers 0%Taxes and wages 3%Other 32%
€8.6m of the debts are secured on the company's own assets. In 2020 that was €2.3m.
Investments
€7.6m 37.4 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 61.7% higher than in 2024.
Filings
29 annual accounts 30 filings since 1997
The 2023 accounts came 43 days late. The other nine of the last ten were filed on time.
At the same address
42 companies
Restructuring
2025
Merger with Beveren Recycling. Merger on 26-09-2025.
Checked score
70
Healthy
Financially stronger than 50% of micro companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2026: 0.7%highest value
08-2026: 0.7%● unchanged vs 07-2026highest value
09-2026: 0.7%● unchanged vs 08-2026highest value
10-2026: 0.7%● unchanged vs 09-2026highest value
11-2026: 0.7%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.12, cash €3,914
1 of the last 3 accounts late
Equity €6.3m (22.7% of total assets)
lowers risk
Size: 4.1 FTE, total assets €27.7m
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 68, micro). It does better than 42% of them on solvency, 33% on liquidity, 41% on profitability and 85% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 3,818 companies had the same profile as R-INVEST has now. Each dot stands for 10 companies, two years later.
95.1%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of R-INVEST itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,818 companies, not a prediction for R-INVEST. 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.
Credit verdict
Credit of up to €430,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.12 (0.15 in 2024), below 1. Short-term debt is 26.1% and cash 0% of total assets. 77.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 30-06-2026, 31 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
31 days early
2024
27 days early
2023
8 days early
2022
11 days early
2021
16 days early
2020
31 days early
2019
32 days early
← 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 22 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 15 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SWBPC 100%annual accounts 2025
- Algemene Participatie Kerkhofs NV consolidatesscore 89equity €33.9m (2025) · annual accounts 2012
Shares in 16 companies, including A.M.-MANAGEMENT and Ageres
Board & ownershipRecent changes
New establishment in Beringen
Lochtemanweg 15
Reappointment: Pates Consulting bv (managing director)
Permanent representative: Paul KERKHOFS · General meeting of 18-11-2025 · Gazette deed
Merger: R-INVEST takes over Beveren Recycling
Appointments: DAMEN Therese Marie Eve André, Quality Management, WERKHOFS and Pates Consulting (managing director) · Permanent representatives: BROENS Maarten, KERKHOFS Ward and KERKHOFS Paul · The company holds all the shares of Beveren Recycling · General meeting of 03-09-2025 · Gazette deed
4 directors appointed
Thérèse DAMEN, Quality Management bv, WERKHOFS bv and Pates Consulting bv (managing director) · Permanent representatives: Maarten BROENS, Ward KERKHOFS and Paul KERKHOFS · General meeting of 01-01-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| R-INVEST Pelt | €27.7m | €2.7m | 22.7% | 4.1 |
| NEVIMO Ghent | €23.9m | €2.8m | 54.1% | 4.7 |
| ELSELEEN Aalter | €32.3m | €3.1m | 20.9% | 4.8 |
| FOMINVEST Uccle | €27.8m | €2.8m | 59.6% | 5 |
| NV BUCHAI SA Destelbergen | €29.9m | €2.3m | 62.5% | 5.3 |
| SERVICES F.R.J. Uccle | €30.4m | €1.6m | 43.7% | 4.6 |
| L'HERMITAGE Schilde | €36.9m | €2.2m | 8.2% | 3.2 |
These companies have the same main activity as R-INVEST: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €24m and €37m, founded between 1986 and 1994.
Official details
Source: KBO- Status
- Active since 28-06-1996Normal situation
- Registered office
- 43 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 5 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment units
- 2.131.199.1733900 Pelt, since 16-05-2003
- 2.390.125.1343580 Beringen, since 01-07-2026
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €2.7mestimated
- €27.7m▲ 19.4%
- Employeeson 31-12-2025
- 5▲ 66.7%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Companies linked to R-INVEST
Subsidiaries and holdings
- APK Logistiek Bree100%
- APK Recycling100%
- APK Sud100%
- APK WALLONIE100%
- IMMO P & T100%
- PTA Recycling100%
- R-Drilling100%
- SABBE BEDRIJF100%
Insights on R-INVEST
R-INVEST has existed since 1996. The present size dates from 2025. The gross margin rose that year from €559,719 to €2.7m and staff from 1.2 to 4.1 full-time equivalents.
SWBPC holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about R-INVEST
- What is the company number of R-INVEST?
- The company number of R-INVEST is 0458.374.983. The VAT number is the same number with BE in front: BE 0458.374.983.
- Where is R-INVEST based?
- The registered office is at Haltstraat 50, 3900 Pelt.Company details
- What does R-INVEST do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of R-INVEST?
- R-INVEST is a public limited company (NV).
- When was R-INVEST founded?
- R-INVEST was founded on 28-06-1996.
- Is R-INVEST still active?
- Yes, R-INVEST is an active enterprise in the KBO register.
- How many employees does R-INVEST have?
- R-INVEST had an average of 4.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does R-INVEST fall under?
- In its 2025 annual accounts, R-INVEST states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of R-INVEST?
- The turnover in financial year 2025 is ≈ €2.7m. This figure is estimated from the gross margin of €2.7m and 31 comparable companies (NACE 68201). It probably lies between €2.5m and €3.0m.
- Is R-INVEST profitable?
- In financial year 2025, R-INVEST made a profit of €2.0m.
- Where can I find the annual accounts of R-INVEST?
- R-INVEST filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of R-INVEST due?
- R-INVEST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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