R & S CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of R & S CONSTRUCT is 5.2% (elevated). For R & S CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €59,917 and a net result of €991. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2017 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability40▼-53
Solvency80▲+15
Growth52▼-26
Track record92
Bankruptcy probability, 12 months
5.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk
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 2023Solvency, return and age of the figures
Solvency
54.6%
Return on assets
0.9%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 03-03-2025, 215 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
215 d late
2022
151 d late
2021
131 d late
2020
152 d late
2018
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 136 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2023, micro schema
Turnover
€98,728
EBIT margin
-8.2%
Net result
€991▼ 96.9%
2022 · €32,431
Working capital
€45,689▼ 16.7%
2022 · €54,844
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
Line20182020202120222023
Turnover€98,728-
Operating result€4,309--€8,127-€32,757€32,318▼ 1.3%€4,935▼ 84.7%
Net result€2,081--€8,598-€31,974€32,431▲ 1.4%€991▼ 96.9%
EBIT margin-8.2%-
Equity€8,281--€5,480-€26,494€58,925▲ 122%€59,917▲ 1.7%
Total assets€17,659-€27,272-€52,258▲ 91.6%€147,266▲ 182%€109,817▼ 25.4%
Debt€9,377-€32,752-€25,764▼ 21.3%€88,341▲ 243%€49,900▼ 43.5%
Working capital€5,823--€6,046-€26,050€54,844▲ 111%€45,689▼ 16.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 85% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €109,817
Fixed assets
€15,512 ▲ 280%
Current assets
€94,305 ▼ 34.1%
Equity and liabilities €109,817
Equity
€59,917 ▲ 1.7%
Debt
€49,900 ▼ 43.5%
Debt's share of the balance-sheet total falls from 60.0% to 45.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.94▲
2022 · 1.62
Debt to equity
0.83▼
2022 · 1.50
ROE
1.7%▼
2022 · 55.0%
ROA
0.9%▼
2022 · 22.0%
Debt ≤ 1 year
€48,616▼
2022 · €88,341
Debt > 1 year
€1,284
Income taxes
€4,701
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €98,728 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,256 | €1,577 | €596 | - | - | - |
| Other operating charges640/8 | - | - | €617 | - | - | - |
| Gross operating margin9900 | €6,936 | -€5,748 | €33,970 | €32,318 | €4,935 | ▼ 84.7% |
| Operating profit (loss)9901 | €4,309 | -€8,127 | €32,757 | €32,318 | €4,935 | ▼ 84.7% |
| Financial income75/76B | - | - | €59 | €923 | €1,788 | ▲ 93.7% |
| Recurring financial income75 | - | - | €59 | €923 | €1,788 | ▲ 93.7% |
| Financial charges65/66B | - | - | €842 | €810 | €1,031 | ▲ 27.2% |
| Recurring financial charges65 | €1,678 | €471 | €842 | €810 | €1,031 | ▲ 27.2% |
| Profit (loss) for the period before taxes9903 | €2,631 | -€8,598 | €31,974 | €32,431 | €5,692 | ▼ 82.4% |
| Income taxes67/77 | €550 | €0 | - | - | €4,701 | - |
| Profit (loss) for the period9904 | €2,081 | -€8,598 | €31,974 | €32,431 | €991 | ▼ 96.9% |
| Profit (loss) for the period to be appropriated9905 | €2,081 | -€8,598 | €31,974 | €32,431 | €991 | ▼ 96.9% |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,659 | €27,272 | €52,258 | €147,266 | €109,817 | ▼ 25.4% |
| Fixed assets21/28 | €2,458 | €566 | €509 | €4,081 | €15,512 | ▲ 280% |
| Tangible fixed assets22/27 | €2,366 | €461 | €404 | €3,976 | €15,407 | ▲ 287% |
| Plant, machinery and equipment23 | - | - | €404 | €3,976 | €2,248 | ▼ 43.5% |
| Furniture and vehicles24 | - | - | - | - | €13,158 | - |
| Financial fixed assets28 | €93 | €105 | €105 | €105 | €105 | = |
| Current assets29/58 | €15,200 | €26,706 | €51,749 | €143,185 | €94,305 | ▼ 34.1% |
| Amounts receivable within one year40/41 | €12,598 | €26,607 | €39,042 | €135,113 | €94,109 | ▼ 30.3% |
| Trade receivables40 | - | - | €36,735 | €104,833 | €42,884 | ▼ 59.1% |
| Other amounts receivable41 | - | - | €2,306 | €30,280 | €51,226 | ▲ 69.2% |
| Cash at bank and in hand54/58 | €2,603 | €35 | €12,707 | €8,008 | €32 | ▼ 99.6% |
| Deferred charges and accrued income490/1 | - | - | - | €64 | €164 | ▲ 156% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,659 | €27,272 | €52,258 | €147,266 | €109,817 | ▼ 25.4% |
| Equity10/15 | €8,281 | -€5,480 | €26,494 | €58,925 | €59,917 | ▲ 1.7% |
| Contributions10/11 | €6,200 | €0 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €221 | -€13,540 | €18,434 | €50,865 | €51,857 | ▲ 1.9% |
| Amounts payable17/49 | €9,377 | €32,752 | €25,764 | €88,341 | €49,900 | ▼ 43.5% |
| Amounts payable after more than one year17 | - | - | - | - | €1,284 | - |
| Financial debts170/4 | - | - | - | - | €1,284 | - |
| Amounts payable within one year42/48 | €9,377 | €32,752 | €25,699 | €88,341 | €48,616 | ▼ 45.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €3,683 | - |
| Trade debts44 | €3,792 | €17,143 | €25,402 | €88,284 | €44,448 | ▼ 49.7% |
| Suppliers440/4 | - | - | €25,402 | €88,284 | €44,448 | ▼ 49.7% |
| Taxes, remuneration and social security45 | - | - | €297 | €57 | €486 | ▲ 759% |
| Taxes450/3 | - | - | €297 | €57 | €486 | ▲ 759% |
| Accrued charges and deferred income492/3 | - | - | €64 | - | - | - |
| Line | 2018 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,081 | -€8,598 | €31,974 | €32,431 | €991 | ▼ 96.9% |
| + Depreciation and write-downs630 | €1,256 | €1,577 | €596 | - | - | - |
| Operating cash flow (approximation) | €3,337 | -€7,021 | €32,570 | €32,431 | €991 | ▼ 96.9% |
| Investment in fixed assets (approximation) | - | - | -€539 | -€3,572 | -€11,431 | ▼ 220% |
| Change in cash | - | - | €12,672 | -€4,699 | -€7,975 | ▼ 69.7% |
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
2026
19-01
KBO administration
Address struck
Josaphatstraat 336 L’adresse du siège Rue Josaphat 336 1030 Die Sitzadresse Rue Josaphat / Josa-
1030 Schaarbeek werd doorgehaald met ingang Schaerbeek · event 06-09-2025
2025
03-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 215 days late
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 151 days late
2022
31-12
Financial
Highest result since 2018net €32,431 ▲1.4%
Net result €32,431, the highest in the series.
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 131 days late
2021
31-12
Financial
Back to profitnet €31,974
Net result €31,974 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.01
Current ratio from 0.82 to 2.01; short-term debt falls from €32,752 to €25,699.
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 152 days late
2020
31-12
Financial
Weakest financial yearnet -€8,598
Net result drops to -€8,598, the lowest in the series; recovery starts the following year.
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Schaarbeek · 1 establishment unit since 2017
Ground area
95 m²
Building footprint
95 m²
Volume, LiDAR
1,819 m³
Parcel 21906D0275/00D002, Brussels · tallest building 23.9 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
R & S CONSTRUCT
since 20172.268.702.415
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0275/00D002 | Brussels | 95 m² | 1 · 95 m² | 23.9 m · 7 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded05-09-2017
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.