R2D Engineering
ActiveSummary
R2D Engineering has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €336k and a net result of €-2k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 95% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 21.68 against 16.38 in 2024; short-term debt: 2.1% and cash: 39.8% of total assets), and 2.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.9%
Return on assets
-0.5%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
1 d early
2023
12 d late
2022
4 d late
2021
23 d early
2020
9 d early
2019
35 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€336k▼ 0.5%
2024 · €338k
2018: €261klowest in 8 years
2019: €310k▲ +18.7% vs 2018
2020: €352k▲ +13.6% vs 2019
2021: €393k▲ +11.6% vs 2020highest in 8 years
2022: €363k▼ -7.6% vs 2021
2023: €351k▼ -3.3% vs 2022
2024: €338k▼ -3.7% vs 2023
2025: €336k▼ -0.5% vs 2024
2018 → 2025
Total assets
€343k▼ 1.2%
2024 · €347k
2018: €296klowest in 8 years
2019: €401k▲ +35.3% vs 2018
2020: €376k▼ -6.2% vs 2019
2021: €430k▲ +14.5% vs 2020highest in 8 years
2022: €371k▼ -13.8% vs 2021
2023: €355k▼ -4.3% vs 2022
2024: €347k▼ -2.0% vs 2023
2025: €343k▼ -1.2% vs 2024
2018 → 2025
Net result
€-2k▲ 86.5%
2024 · €-13k
2018: €60khighest in 8 years
2019: €49k▼ -18.0% vs 2018
2020: €43k▼ -11.1% vs 2019
2021: €41k▼ -6.0% vs 2020
2022: €-30k▼ -174% vs 2021lowest in 8 years
2023: €-12k▲ +59.9% vs 2022
2024: €-13k▼ -6.6% vs 2023
2025: €-2k▲ +86.5% vs 2024
2018 → 2025
Working capital
€146k▲ 0.1%
2024 · €146k
2018: €202khighest in 8 years
2019: €89k▼ -56.1% vs 2018
2020: €77k▼ -13.6% vs 2019lowest in 8 years
2021: €117k▲ +53.0% vs 2020
2022: €115k▼ -1.9% vs 2021
2023: €131k▲ +13.8% vs 2022
2024: €146k▲ +11.8% vs 2023
2025: €146k▲ +0.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€393k-€363k▼ 7.6%€351k▼ 3.3%€338k▼ 3.7%€336k▼ 0.5%
2021: €393khighest in 5 years
2022: €363k▼ -7.6% vs 2021
2023: €351k▼ -3.3% vs 2022
2024: €338k▼ -3.7% vs 2023
2025: €336k▼ -0.5% vs 2024lowest in 5 years
Operating result€53k-€-30k€-12k▲ 60.0%€-13k▼ 8.4%€-2k▲ 82.8%
2021: €53khighest in 5 years
2022: €-30k▼ -157% vs 2021lowest in 5 years
2023: €-12k▲ +60.0% vs 2022
2024: €-13k▼ -8.4% vs 2023
2025: €-2k▲ +82.8% vs 2024
Net result€41k-€-30k€-12k▲ 59.9%€-13k▼ 6.6%€-2k▲ 86.5%
2021: €41khighest in 5 years
2022: €-30k▼ -174% vs 2021lowest in 5 years
2023: €-12k▲ +59.9% vs 2022
2024: €-13k▼ -6.6% vs 2023
2025: €-2k▲ +86.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €13k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €343k
Fixed assets
€190k ▼ 0.9%
Current assets
€154k ▼ 1.5%
Equity and liabilities €343k
Equity
€336k ▼ 0.5%
Debt
€7k ▼ 25.6%
Debt's share of the balance-sheet total falls from 2.7% to 2.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€25k▲
2024 · €15k
Cash flow
€26k▲
2024 · €15k
Current ratio
21.68▲
2024 · 16.38
Debt to equity
0.02▼
2024 · 0.03
ROE
-0.5%▲
2024 · -3.8%
ROA
-0.5%▲
2024 · -3.7%
Interest coverage
81.70▲
2024 · 45.89
Debt ≤ 1 year
€7k▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€347k€343k▼
Fixed assets21/28€192k€190k▼
Tangible fixed assets22/27€192k€190k▼
Land and buildings22€174k€156k▼
Plant, machinery and equipment23€441€1k▲
Furniture and vehicles24€7k€25k▲
Other tangible fixed assets26€10k€8k▼
Current assets29/58€156k€154k▼
Amounts receivable within one year40/41€7k€14k▲
Trade receivables40€6k€14k▲
Other amounts receivable41€1k€173▼
Cash at bank and in hand54/58€145k€137k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€347k€343k▼
Equity10/15€338k€336k▼
Contributions10/11€20k€20k=
Reserves13€318k€316k▼
Distributable reserves133€318k€316k▼
Amounts payable17/49€10k€7k▼
Amounts payable within one year42/48€10k€7k▼
Trade debts44€4k€493▼
Suppliers440/4€4k€493▼
Taxes, remuneration and social security45€664€2k▲
Taxes450/3€642€2k▲
Remuneration and social security454/9€23€0▼
Other amounts payable47/48€5k€4k▼
Accrued charges and deferred income492/3-€0
Income statement
Code20242025
Non-recurring operating income76A-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€28k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€17k€28k▲
Operating profit (loss)9901€-13k€-2k▲
Financial income75/76B€368€796▲
Recurring financial income75€368€796▲
Financial charges65/66B€337€310▼
Recurring financial charges65€337€310▼
Profit (loss) for the period before taxes9903€-13k€-2k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-13k€-2k▲
Profit (loss) for the period to be appropriated9905€-13k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-2k▲
Transfer from equity791/2€13k€2k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | - | - | - | €2k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €29k | €29k | €28k | €28k | ▼ 2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €4k | - | - | - | - | - |
| Other operating charges640/8 | €1k | €1k | €2k | €2k | €3k | ▲ 50.3% |
| Gross operating margin9900 | €87k | €560 | €20k | €17k | €28k | ▲ 62.4% |
| Operating profit (loss)9901 | €53k | €-30k | €-12k | €-13k | €-2k | ▲ 82.8% |
| Financial income75/76B | €10 | €2 | €207 | €368 | €796 | ▲ 116% |
| Recurring financial income75 | €10 | €2 | €207 | €368 | €796 | ▲ 116% |
| Financial charges65/66B | €184 | €291 | €314 | €337 | €310 | ▼ 8.0% |
| Recurring financial charges65 | €184 | €291 | €314 | €337 | €310 | ▼ 8.0% |
| Profit (loss) for the period before taxes9903 | €52k | €-30k | €-12k | €-13k | €-2k | ▲ 86.5% |
| Income taxes67/77 | €11k | - | €62 | €0 | - | - |
| Profit (loss) for the period9904 | €41k | €-30k | €-12k | €-13k | €-2k | ▲ 86.5% |
| Profit (loss) for the period to be appropriated9905 | €41k | €-30k | €-12k | €-13k | €-2k | ▲ 86.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €430k | €371k | €355k | €347k | €343k | ▼ 1.2% |
| Fixed assets21/28 | €276k | €248k | €220k | €192k | €190k | ▼ 0.9% |
| Tangible fixed assets22/27 | €276k | €248k | €220k | €192k | €190k | ▼ 0.9% |
| Land and buildings22 | €227k | €209k | €191k | €174k | €156k | ▼ 10.2% |
| Plant, machinery and equipment23 | - | - | €881 | €441 | €1k | ▲ 132% |
| Furniture and vehicles24 | €34k | €25k | €16k | €7k | €25k | ▲ 235% |
| Other tangible fixed assets26 | €15k | €14k | €12k | €10k | €8k | ▼ 19.0% |
| Current assets29/58 | €154k | €123k | €135k | €156k | €154k | ▼ 1.5% |
| Amounts receivable within one year40/41 | €13k | €5k | €13k | €7k | €14k | ▲ 88.9% |
| Trade receivables40 | €12k | €4k | €13k | €6k | €14k | ▲ 133% |
| Other amounts receivable41 | €581 | €942 | €0 | €1k | €173 | ▼ 88.4% |
| Cash at bank and in hand54/58 | €139k | €115k | €121k | €145k | €137k | ▼ 6.1% |
| Deferred charges and accrued income490/1 | €3k | €3k | €0 | €3k | €3k | ▼ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €430k | €371k | €355k | €347k | €343k | ▼ 1.2% |
| Equity10/15 | €393k | €363k | €351k | €338k | €336k | ▼ 0.5% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €372k | €372k | €330k | €318k | €316k | ▼ 0.5% |
| Distributable reserves133 | €372k | €372k | €330k | €318k | €316k | ▼ 0.5% |
| Profit (loss) carried forward14 | - | €-30k | - | - | - | - |
| Amounts payable17/49 | €37k | €8k | €4k | €10k | €7k | ▼ 25.6% |
| Amounts payable within one year42/48 | €37k | €8k | €4k | €10k | €7k | ▼ 25.6% |
| Trade debts44 | €3k | €5k | €831 | €4k | €493 | ▼ 86.5% |
| Suppliers440/4 | €3k | €5k | €831 | €4k | €493 | ▼ 86.5% |
| Advances received on contracts in progress46 | - | €1k | €0 | - | - | - |
| Taxes, remuneration and social security45 | €23k | €206 | €1k | €664 | €2k | ▲ 216% |
| Taxes450/3 | €23k | €130 | €1k | €642 | €2k | ▲ 228% |
| Remuneration and social security454/9 | - | €77 | €0 | €23 | €0 | ▼ 100% |
| Other amounts payable47/48 | €11k | €1k | €2k | €5k | €4k | ▼ 13.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €-30k | €-12k | €-13k | €-2k | ▲ 86.5% |
| + Depreciation and write-downs630 | €29k | €29k | €29k | €28k | €28k | ▼ 2.9% |
| Operating cash flow (approximation) | €70k | €-976 | €17k | €15k | €26k | ▲ 66.6% |
| Investment in fixed assets (approximation) | - | €-1k | €-1k | €0 | €-26k | - |
| Change in cash | - | €-24k | €7k | €24k | €-9k | ▼ 137% |
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
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 35.62
Current ratio from 15.84 to 35.62; short-term debt falls from €8k to €4k.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 15.84
Current ratio from 4.15 to 15.84; short-term debt falls from €37k to €8k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
02-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 33 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Oud-Turnhout · 1 establishment unit since 2012
Ground area
962 m²
Building footprint
142 m²
Volume, LiDAR
838 m³
Parcel 13482F1042/00H000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
R2D Engineering
since 20122.207.336.453
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13482F1042/00H000 | Flanders | 962 m² | 1 · 142 m² | 8.6 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 11,546 companies in sector 71121 we hold annual accounts for 6,561. 4,790 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
Founded13-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.