R.N.C. CONSTRUCT
ActiveSummary
R.N.C. CONSTRUCT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €41k and a net result of €28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 57% of 334 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+10
Solvency65▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.54 against 0.95 in 2023; short-term debt: 40.6% and cash: 2.2% of total assets), but 60% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
40%
Return on assets
27.8%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €41k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
31 d early
2022
30 d early
2021
36 d early
2020
277 d late
2019
58 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€28k▲ 258%
2023 · €8k
Working capital
€22k
2023 · €-2k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-5k€-11k▼ 137%€13k€13k▲ 0.1%€48k▲ 267%
Net result€-6k€-12k▼ 108%€7k€8k▲ 17.0%€28k▲ 258%
Equity€10k▼ 37.0%€-2k€5k€12k▲ 173%€41k▲ 227%
Total assets€42k▼ 13.0%€32k▼ 22.3%€42k▲ 29.1%€46k▲ 9.7%€101k▲ 121%
Debt€32k▼ 1.5%€35k▲ 8.3%€37k▲ 7.8%€34k▼ 10.2%€61k▲ 81.7%
Working capital€-8k€-19k▼ 144%€-13k▲ 34.3%€-2k▲ 87.0%€22k
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 267% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €101k
Fixed assets
€38k ▲ 170%
Current assets
€63k ▲ 99.2%
Equity and liabilities €101k
Equity
€41k ▲ 227%
Debt
€61k ▲ 81.7%
Debt's share of the balance-sheet total falls from 72.9% to 60.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58k▲
2023 · €19k
Cash flow
€38k▲
2023 · €14k
Current ratio
1.54▲
2023 · 0.95
Quick ratio
1.51▲
2023 · 0.95
Debt to equity
1.50▼
2023 · 2.70
ROE
69.4%▲
2023 · 63.4%
ROA
27.8%▲
2023 · 17.1%
Interest coverage
161.22▲
2023 · 90.19
Debt ≤ 1 year
€41k▲
2023 · €34k
Debt > 1 year
€20k
Income taxes
€19k▲
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €6k | €6k | €10k | ▲ 51.9% |
| Other operating charges640/8 | €965 | €680 | €2k | €940 | €1k | ▲ 40.7% |
| Non-recurring operating charges66A | €222 | €53 | - | €40 | €179 | ▲ 348% |
| Gross operating margin9900 | €12 | €-6k | €21k | €20k | €59k | ▲ 190% |
| Operating profit (loss)9901 | €-5k | €-11k | €13k | €13k | €48k | ▲ 267% |
| Financial income75/76B | €52 | €1 | €10 | €2 | €1 | ▼ 50.0% |
| Recurring financial income75 | €52 | €1 | €10 | €2 | €1 | ▼ 50.0% |
| Financial charges65/66B | €356 | €271 | €323 | €215 | €357 | ▲ 66.0% |
| Recurring financial charges65 | €356 | €271 | €323 | €215 | €357 | ▲ 66.0% |
| Profit (loss) for the period before taxes9903 | €-5k | €-11k | €13k | €13k | €48k | ▲ 270% |
| Income taxes67/77 | €700 | €440 | €6k | €5k | €19k | ▲ 289% |
| Profit (loss) for the period9904 | €-6k | €-12k | €7k | €8k | €28k | ▲ 258% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €-12k | €7k | €8k | €28k | ▲ 258% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42k | €32k | €42k | €46k | €101k | ▲ 121% |
| Fixed assets21/28 | €18k | €17k | €17k | €14k | €38k | ▲ 170% |
| Tangible fixed assets22/27 | €17k | €16k | €16k | €13k | €37k | ▲ 184% |
| Plant, machinery and equipment23 | €8k | €7k | €6k | €6k | €5k | ▼ 19.5% |
| Furniture and vehicles24 | €9k | €8k | €10k | €7k | €32k | ▲ 349% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €24k | €16k | €25k | €32k | €63k | ▲ 99.2% |
| Stocks and contracts in progress3 | - | - | - | - | €1k | - |
| Stocks30/36 | - | - | - | - | €1k | - |
| Amounts receivable within one year40/41 | €24k | €12k | €14k | €22k | €60k | ▲ 168% |
| Trade receivables40 | €20k | €9k | €7k | €6k | €11k | ▲ 96.5% |
| Other amounts receivable41 | €3k | €3k | €7k | €17k | €49k | ▲ 191% |
| Cash at bank and in hand54/58 | €413 | €3k | €11k | €9k | €2k | ▼ 76.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42k | €32k | €42k | €46k | €101k | ▲ 121% |
| Equity10/15 | €10k | €-2k | €5k | €12k | €41k | ▲ 227% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | €6k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Uncalled capital101 | €12k | €12k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €30k | ▲ 1,515% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Other1319 | - | - | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €2k | €30k | ▲ 1,515% |
| Profit (loss) carried forward14 | €2k | €-10k | €-4k | €4k | €4k | = |
| Amounts payable17/49 | €32k | €35k | €37k | €34k | €61k | ▲ 81.7% |
| Amounts payable after more than one year17 | - | - | - | - | €20k | - |
| Financial debts170/4 | - | - | - | - | €20k | - |
| Amounts payable within one year42/48 | €32k | €35k | €37k | €34k | €41k | ▲ 23.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €6k | - |
| Trade debts44 | €11k | €10k | €17k | €19k | €8k | ▼ 59.0% |
| Suppliers440/4 | €11k | €10k | €17k | €19k | €8k | ▼ 59.0% |
| Taxes, remuneration and social security45 | €5k | €6k | €6k | €15k | €28k | ▲ 90.1% |
| Taxes450/3 | €5k | €3k | €6k | €12k | €28k | ▲ 139% |
| Remuneration and social security454/9 | - | €3k | - | €3k | - | - |
| Other amounts payable47/48 | €16k | €19k | €14k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €-12k | €7k | €8k | €28k | ▲ 258% |
| + Depreciation and write-downs630 | €4k | €4k | €6k | €6k | €10k | ▲ 51.9% |
| Operating cash flow (approximation) | €-2k | €-8k | €13k | €14k | €38k | ▲ 166% |
| Investment in fixed assets (approximation) | - | €-4k | €-6k | €-3k | €-33k | ▼ 914% |
| Change in cash | - | €3k | €8k | €-2k | €-7k | ▼ 301% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €28k ▲258%
Operating result €48k, net result €28k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 277 days late
2021
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
2020
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 58 days late
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2017
Ground area
55 m²
Building footprint
138 m²
Volume, LiDAR
1,028 m³
Parcel 52026D0242/00F002, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RNC CONSTRUCT
since 20172.260.362.492
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52026D0242/00F002 | Wallonia | 55 m² | 1 · 138 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 154 companies in sector 42911 we hold annual accounts for 64. 29 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
42911Civil engineering
43120Site preparation
43130Specialised construction activities
43230Insulation installation
Scores and ratios are computed by Checked and are not a credit decision.