Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Short-term debts rose from €5,455 to €30,229.
Three of the last ten came late. The 2017 accounts came latest: 31 days after the end of the period.
Lower net result than 95% of companies in specialised construction. Sector median €9,999 · 37,159 companies.
In July 2024, 6,909 companies had the same profile as R-projects has now. Each dot stands for 18 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,909 companies, not a prediction for R-projects. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| R-projects Lokeren | €25,761 | -€26,075 | -17.3% | - |
| ERWIN ROUSEU Heuvelland | €26,068 | -€10,152 | 11.0% | - |
| CLPose Grâce-Hollogne | €25,310 | -€5,428 | 12.1% | - |
| VIRON Kontich | €24,533 | -€3,833 | 46.5% | - |
| RLD Cuisine & Aménagement Charleroi | €23,816 | -€10,753 | -96.2% | - |
| BF MENUISERIE Mettet | €24,412 | -€6 | -326.2% | - |
| WIN ENERGY Charleroi | €24,704 | -€2,300 | -35.9% | - |
These companies have the same main activity as R-projects: joinery installation (NACE 43320). They are comparable in size and age: total assets between €23,800 and €26,100, founded between 2009 and 2012.
R-projects files the micro format. That format states no turnover. The gross margin fell from -€1,965 in 2012 to -€26,075 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 7% of 37,177 companies in 2025.
Higher than 15% of 36,472 companies in 2025.
Lower than 95% of 36,707 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
25,761 | 33,762 | 87,923 | 45,609 | 132,839 | 601,431 | 304,840 | 468,209 | 276,393 | 590,985 | 311,034 | 247,729 | 319,802 | 17,517 | |
21/28 |
777 | 1,556 | 1,733 | 182 | - | 4,850 | 9,573 | 15,314 | 22,145 | 4,883 | 6,749 | 7,723 | 7,200 | - | |
22/27 |
777 | 1,556 | 1,733 | 182 | - | 4,850 | 9,573 | 15,314 | 22,145 | 4,883 | 6,749 | 7,723 | 7,200 | - | |
23 |
- | - | - | - | - | 198 | 396 | 788 | 1,981 | 3,404 | 4,805 | 7,007 | 7,200 | - | |
24 |
777 | 1,556 | 1,733 | 182 | - | 4,651 | 9,176 | 14,527 | 20,164 | 1,478 | 1,943 | 716 | - | - | |
29/58 |
24,983 | 32,206 | 86,190 | 45,426 | 132,839 | 596,581 | 295,267 | 452,894 | 254,248 | 586,103 | 304,285 | 240,006 | 312,602 | 17,517 | |
3 |
20,000 | 25,000 | 49,000 | 28,500 | 40,000 | 560,000 | 230,000 | 365,000 | 197,500 | 245,455 | 286,957 | 121,957 | 287,815 | - | |
30/36 |
20,000 | 25,000 | 49,000 | 28,500 | 40,000 | 560,000 | 230,000 | 365,000 | 197,500 | 245,455 | 286,957 | 121,957 | 287,815 | - | |
40/41 |
3,668 | 5,032 | 23,693 | 4,245 | 373 | 9,153 | 19,774 | 12,584 | 3,949 | 21,901 | 10,204 | 88,128 | 17,995 | 744 | |
40 |
1,886 | 3,642 | 23,693 | 471 | 373 | 1,456 | - | - | - | 21,901 | 42 | - | - | 625 | |
41 |
1,781 | 1,390 | - | 3,774 | - | 7,697 | 19,774 | 12,584 | 3,949 | - | 10,162 | 88,128 | 17,995 | 119 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | 7,510 | - | - | |
54/58 |
836 | 1,901 | 13,224 | 12,409 | 92,466 | 27,429 | 45,079 | 75,310 | 52,800 | 318,697 | 6,858 | 22,411 | 5,211 | 16,774 | |
490/1 |
479 | 273 | 273 | 273 | - | - | 413 | - | - | 50 | 267 | - | 1,582 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
25,761 | 33,762 | 87,923 | 45,609 | 132,839 | 601,431 | 304,840 | 468,209 | 276,393 | 590,985 | 311,034 | 247,729 | 319,802 | 17,517 | |
10/15 |
-4,469 | 23,657 | 66,212 | 40,929 | 69,607 | 87,429 | 77,372 | 74,449 | 72,325 | 87,748 | 83,027 | 78,666 | 15,538 | 15,514 | |
10/11 |
20,460 | 20,460 | 20,460 | 20,460 | 20,460 | 20,460 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
- | 3,197 | 45,752 | 20,469 | 49,147 | 66,969 | 58,772 | 55,849 | 53,725 | 69,148 | 64,427 | 60,066 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
133 |
- | 3,197 | 45,752 | 20,469 | 49,147 | 66,969 | 56,912 | 53,989 | 51,865 | 67,288 | 62,567 | 58,206 | - | - | |
14 |
-24,929 | - | - | - | - | - | - | - | - | - | - | - | -3,062 | -3,086 | |
17/49 |
30,229 | 10,105 | 21,711 | 4,680 | 63,232 | 514,002 | 227,467 | 393,760 | 204,068 | 503,237 | 228,007 | 169,064 | 304,265 | 2,003 | |
17 |
- | - | - | - | - | 1,882 | 6,399 | 10,916 | 15,433 | - | - | - | 294,903 | - | |
170/4 |
- | - | - | - | - | 1,882 | 6,399 | 10,916 | 15,433 | - | - | - | 240,047 | - | |
175 |
- | - | - | - | - | - | - | - | - | - | - | - | 54,857 | - | |
42/48 |
30,229 | 5,455 | 19,061 | 3,430 | 61,982 | 510,870 | 219,819 | 381,594 | 187,385 | 501,987 | 226,757 | 167,814 | 9,361 | 2,003 | |
42 |
- | - | - | - | 1,882 | 4,517 | 4,517 | 4,517 | 4,517 | - | - | - | - | - | |
43 |
117 | - | - | 12 | - | 272,426 | - | - | - | 166,305 | 60,120 | - | - | - | |
430/8 |
117 | - | - | 12 | - | 272,426 | - | - | - | 166,305 | 60,120 | - | - | - | |
44 |
4,267 | 349 | 13,373 | 2,617 | - | 26,306 | 43,987 | 15,272 | 11,933 | 36,959 | 19,305 | 34,454 | - | - | |
440/4 |
4,267 | 349 | 13,373 | 2,617 | - | 26,306 | 43,987 | 15,272 | 11,933 | 36,959 | 19,305 | 34,454 | - | - | |
46 |
- | - | - | - | - | - | - | 200,000 | - | - | - | - | - | - | |
45 |
- | 750 | 2,752 | 750 | 52,460 | 1,045 | 750 | 3,900 | 3,900 | 15,848 | 4,492 | 30,088 | - | - | |
450/3 |
- | 750 | 2,752 | 750 | 52,460 | 1,045 | 750 | 3,900 | 3,900 | 15,848 | 4,492 | 30,088 | - | - | |
47/48 |
25,846 | 4,356 | 2,936 | 50 | 7,641 | 206,577 | 170,565 | 157,905 | 167,035 | 282,876 | 142,840 | 103,272 | 9,361 | 2,003 | |
492/3 |
- | 4,650 | 2,650 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | - | - | |
| Income statement | |||||||||||||||
9900 |
-26,075 | -38,959 | 27,057 | -28,035 | -6,865 | 19,017 | 10,677 | 9,931 | 1,157 | 12,909 | 9,009 | 100,225 | 3,733 | -1,965 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 352 | |
630 |
778 | 733 | 229 | 182 | 4,850 | 4,992 | 6,026 | 6,831 | 8,631 | 3,501 | 2,956 | 2,560 | 1,800 | - | |
640/8 |
375 | 532 | 1,084 | 512 | 749 | 436 | 831 | 1,042 | 471 | 275 | 1,096 | 5,631 | 197 | 744 | |
9901 |
-27,228 | -40,223 | 25,745 | -28,729 | -12,464 | 13,589 | 3,820 | 2,059 | -7,945 | 9,133 | 4,957 | 92,034 | 1,735 | -3,061 | |
75/76B |
81 | 32 | 314 | 631 | 719 | 161 | 975 | 985 | 263 | 1,157 | 595 | 1,231 | 1,104 | 21 | |
75 |
81 | 32 | 314 | 631 | 719 | 161 | 975 | 985 | 263 | 1,157 | 595 | 1,231 | 1,104 | 21 | |
65/66B |
979 | 2,364 | 775 | 579 | 6,076 | 3,398 | 1,872 | 920 | 7,740 | 4,429 | 1,164 | 3,949 | 2,816 | 46 | |
65 |
979 | 2,364 | 775 | 579 | 6,076 | 3,398 | 1,872 | 920 | 7,740 | 4,429 | 1,164 | 3,949 | 2,816 | 46 | |
9903 |
-28,125 | -42,555 | 25,283 | -28,678 | -17,822 | 10,351 | 2,923 | 2,124 | -15,423 | 5,862 | 4,388 | 89,316 | 24 | -3,086 | |
67/77 |
- | - | - | - | - | 295 | - | - | - | 1,141 | 26 | 26,189 | - | - | |
9904 |
-28,125 | -42,555 | 25,283 | -28,678 | -17,822 | 10,057 | 2,923 | 2,124 | -15,423 | 4,721 | 4,362 | 63,128 | 24 | -3,086 | |
9905 |
-28,125 | -42,555 | 25,283 | -28,678 | -17,822 | 10,057 | 2,923 | 2,124 | -15,423 | 4,721 | 4,362 | 63,128 | 24 | -3,086 | |
| Appropriation of the result | |||||||||||||||
9906 |
-28,125 | -42,555 | 25,283 | -28,678 | -17,822 | 10,057 | 2,923 | 2,124 | -15,423 | 4,721 | 4,362 | 60,066 | -3,062 | -3,086 | |
791/2 |
3,197 | 42,555 | - | 28,678 | 17,822 | - | - | - | 15,423 | - | - | - | - | - | |
691/2 |
- | - | 25,283 | - | - | 10,057 | 2,923 | 2,124 | - | 4,721 | 4,362 | 60,066 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | - | - | |
6921 |
- | - | 25,283 | - | - | 10,057 | 2,923 | 2,124 | - | 4,721 | 4,362 | 58,206 | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 19-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 19-03-2026 | 2026-00062046 | |
| 30-09-2024 | micro format | 23-05-2025 | 2025-00109818 | |
| 30-09-2023 | micro format | 31-05-2024 | 2024-00118802 | |
| 30-09-2022 | micro format | 30-04-2023 | 2023-00083470 | |
| 30-09-2021 | micro format | 30-03-2022 | 2022-09900429 | |
| 30-09-2020 | micro format | 30-03-2021 | 2021-09400533 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-10800305 | |
| 30-09-2018 | micro format | 30-04-2019 | 2019-12100523 | |
| 30-09-2017 | micro format | 31-05-2018 | 2018-15600201 | |
| 30-09-2016 | abbreviated format | 27-04-2017 | 2017-10600397 | |
| 30-09-2015 | abbreviated format | 29-04-2016 | 2016-11300137 | |
| 30-09-2014 | abbreviated format | 29-05-2015 | 2015-14000153 | |
| 30-09-2013 | abbreviated format | 28-05-2014 | 2014-14500531 | |
| 30-09-2012 | abbreviated format | 22-03-2013 | 2013-07300411 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -26,450 | -39,490 | 25,973 | -28,547 | -7,615 | 18,581 | 9,846 | 8,889 | 685 | 12,634 | 7,913 | 94,594 | 3,535 | - | ||
| -27,347 | -41,822 | 25,512 | -28,496 | -12,972 | 15,048 | 8,949 | 8,954 | -6,792 | 8,222 | 7,318 | 65,687 | 1,824 | - | ||
| 0 | 556 | 1,779 | 364 | 0 | 269 | 284 | 0 | 25,893 | 1,635 | 1,982 | 3,082 | 9,000 | - | ||
| -1,065 | -11,322 | 815 | -80,057 | 65,037 | -17,651 | -30,231 | 22,510 | -265,897 | 311,840 | -15,554 | 17,200 | -11,563 | - | ||
| -5,246 | 26,751 | 67,129 | 41,997 | 70,857 | 85,711 | 75,448 | 71,301 | 66,863 | 84,115 | 77,529 | 72,193 | 303,241 | 15,514 | ||
| -17.3% | 70.1% | 75.3% | 89.7% | 52.4% | 14.5% | 25.4% | 15.9% | 26.2% | 14.8% | 26.7% | 31.8% | 4.9% | 88.6% | ||
| 0.83 | 5.90 | 4.52 | 13.25 | 2.14 | 1.17 | 1.34 | 1.19 | 1.36 | 1.17 | 1.34 | 1.43 | 33.39 | 8.74 | ||
| 0.16 | 1.32 | 1.95 | 4.94 | 1.50 | 0.07 | 0.30 | 0.23 | 0.30 | 0.68 | 0.08 | 0.70 | 2.65 | 8.74 | ||
| - | 0.43 | 0.33 | 0.11 | 0.91 | 5.88 | 2.94 | 5.29 | 2.82 | 5.74 | 2.75 | 2.15 | 19.58 | 0.13 | ||
| - | -179.9% | 38.2% | -70.1% | -25.6% | 11.5% | 3.8% | 2.9% | -21.3% | 5.4% | 5.3% | 80.2% | 0.2% | -19.9% | ||
| -109.2% | -126.0% | 28.8% | -62.9% | -13.4% | 1.7% | 1.0% | 0.5% | -5.6% | 0.8% | 1.4% | 25.5% | 0.0% | -17.6% | ||
| -27.02 | -16.71 | 33.50 | -49.28 | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €556 | €1,779 | €364 |
| €778 | €733 | €229 | €182 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €27,228, smaller than the loss of €40,223 in 2024.
Equity is negative. Debt (€30,229) exceeds the balance-sheet total (€25,761).
R-projects has no parent and no holdings in its annual accounts. is the only director. R-projects shares no director with another company.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Lanchalsstraat 18 registered office 9160 Lokeren | 23-05-2011 | 2.212.424.795 |
| 30-05-2024 | Refused | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 16-07-2019 · project 2019093391 | RVVB |
| 06-11-2023 | Granted | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 25-06-2023 · project 2023087525 | Lokeren |
| 13-07-2023 | Granted | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 24-04-2023 · project 2023043317 | Lokeren |
| 13-02-2023 | Discontinued | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 30-11-2022 · project 2022112082 | Lokeren |
| 20-05-2019 | Granted | Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 11-03-2019 · project 2019031735 | Lokeren |
| 09-05-2019 | Refused | Bouwen of herbouwen submitted 31-10-2018 · project 2018133292 | Provincie Oost-Vlaanderen |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46007B0217/00H000 | 687 m² | 1 · 149 m² | 8.7 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0836.729.918
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