Financials
- Fiscal year
- 2025
- Turnover
- €364,922
- Profit
- €27,450
- Solvency
- 41.6%
Turnover▼ 14.3%
Net result
20182025
R&L PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of R&L PROJECTS is 2.0% (moderate). The 2025 annual accounts show equity of €170,255 and a net result of €27,450. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 30651 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Other specialised construction activities
NACE 43990General construction of residential buildings NACE 41001NACE 43999
1 site
How big
€364,922turnover 2025
- Equity
- €170,255
- Profit
- €27,450
Who decides
Accounts filed 54 d late0 of 2 deeds read
Why 53- Latest accounts 54 days late; 3 of the last 3 late- Size: turnover €364,922, total assets €409,432- Sector Specialised construction activities (NACE 43)- Liquidity: current ratio 1.66, cash €20,755Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 36% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
67+2
equity 41.6% of total assets
Liquidity
26+4
short-term debt 58.4% · cash 5.1%
Profitability
70+4
return on assets 6.7%
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
- Latest accounts 54 days late; 3 of the last 3 late raises the probability
- Size: turnover €364,922, total assets €409,432 raises the probability for this profile
- Sector Specialised construction activities (NACE 43) raises the probability
- Liquidity: current ratio 1.66, cash €20,755 raises the probability
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 1.66 against 1.61 in 2024; short-term debt: 58.4% and cash: 5.1% of total assets), but 58.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 44%, liquidity 15%, profitability 37%, growth against the median 48%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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 · 9 filingsDeviation from the deadline
2025
54 d late
2024
252 d late
2023
122 d late
2022
92 d late
2021
79 d late
2020
90 d late
2019
122 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 116 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 31 October (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Equity above €150,000Eq €170,255 ▲19.2%
Key points
By topic
Timeline
- Events
- 12
- Since
- 2018
- Next accounts
- by 31-07-2027
- 23-09-2026Annual accounts filed
- 09-04-2026Annual accounts filed
- 31-12-2025Equity above €150,000
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other specialised construction activitiesNACE 43990
- Founded
- 07-09-2016
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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