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RACHIERU CONSTRUCT

Active
Private limited companyfounded 2024active for 2 yearsMutsaardplein 2, 1853 Grimbergen, Belgium110 active companies are registered at this addressKBO/BCE: BE 1010.151.862
Summary

The computed 12-month bankruptcy probability of RACHIERU CONSTRUCT is 1.8% (moderate). The 2025 annual accounts show equity of €7,978 and a net result of €5,242. Its solvency ranks better than 56% of 2,790 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, abbreviated format

Turnover
≈ €120,000
Estimated: probably between €56,000 and €230,000
Total assets
€17,971▲ 367%
2024 · €3,844
Net result
€5,242▲ 202%
2024 · €1,736
Working capital
€5,149▲ 88.2%
2024 · €2,736
Trend over the years

2024 to 2025, 2 financial years

The operating result rises in 2025; 2025 is 3.3 times 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€7,268 2025 Net result€5,242 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€2,203-€7,268▲ 230%
Net result€1,736within the sector's middle half-€5,242within the sector's middle half▲ 202%
Equity€2,736below the sector's middle half-€7,978below the sector's middle half▲ 192%
Total assets€3,844below the sector's middle half-€17,971below the sector's middle half▲ 367%
Debt€1,108-€9,993▲ 802%
Working capital€2,736below the sector's middle half-€5,149below the sector's middle half▲ 88.2%
Solvency44.4%within the sector's middle half
Current ratio1.52within the sector's middle half
Return on assets (ROA)29.2%above the sector's middle half
above within below the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17,971
Fixed assets €2,829
Current assets €15,142
Equity and liabilities €17,971
Equity €7,978 ▲ 192%
Debt €9,993 ▲ 802%
Debt's share of the balance-sheet total rises from 28.8% to 55.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€8,531
Cash flow
€6,505
Debt to equity
1.25
ROE
65.7%
Interest coverage
19.77
Debt ≤ 1 year
€9,993▲
2024 · €1,108
Income taxes
€1,594▲
2024 · €435
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% still going

For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€3,844€17,971▲
Fixed assets21/28-€2,829
Tangible fixed assets22/27-€2,829
Furniture and vehicles24-€2,829
Current assets29/58€3,844€15,142▲
Amounts receivable within one year40/41€3,521€212▼
Trade receivables40€2,484-
Other amounts receivable41€1,037€212▼
Cash at bank and in hand54/58€13€14,619▲
Deferred charges and accrued income490/1€311€311=
Equity and liabilities
Total equity and liabilities10/49€3,844€17,971▲
Equity10/15€2,736€7,978▲
Contributions10/11€1,000€1,000=
Contributions outside capital11€1,000€1,000=
Other1109/19€1,000€1,000=
Profit (loss) carried forward14€1,736€6,978▲
Amounts payable17/49€1,108€9,993▲
Amounts payable within one year42/48€1,108€9,993▲
Trade debts44€461€1,586▲
Suppliers440/4€461€1,586▲
Taxes, remuneration and social security45€435€6,262▲
Taxes450/3€435€3,007▲
Remuneration and social security454/9-€3,255
Other amounts payable47/48€212€2,145▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1,263
Other operating charges640/8€387€1,234▲
Gross operating margin9900€2,590€9,764▲
Operating profit (loss)9901€2,203€7,268▲
Financial charges65/66B€32€432▲
Recurring financial charges65€32€432▲
Profit (loss) for the period before taxes9903€2,171€6,836▲
Income taxes67/77€435€1,594▲
Profit (loss) for the period9904€1,736€5,242▲
Profit (loss) for the period to be appropriated9905€1,736€5,242▲
Appropriation of the result
Profit (loss) to be appropriated9906€1,736€6,978▲
Profit (loss) brought forward from the previous period14P-€1,736

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1,263-
Other operating charges640/8€387€1,234▲ 218%
Gross operating margin9900€2,590€9,764▲ 277%
Operating profit (loss)9901€2,203€7,268▲ 230%
Financial charges65/66B€32€432▲ 13×
Recurring financial charges65€32€432▲ 13×
Profit (loss) for the period before taxes9903€2,171€6,836▲ 215%
Income taxes67/77€435€1,594▲ 267%
Profit (loss) for the period9904€1,736€5,242▲ 202%
Profit (loss) for the period to be appropriated9905€1,736€5,242▲ 202%
Line20242025Change
Assets
Total assets20/58€3,844€17,971▲ 367%
Fixed assets21/28-€2,829-
Tangible fixed assets22/27-€2,829-
Furniture and vehicles24-€2,829-
Current assets29/58€3,844€15,142▲ 294%
Amounts receivable within one year40/41€3,521€212▼ 94.0%
Trade receivables40€2,484--
Other amounts receivable41€1,037€212▼ 79.5%
Cash at bank and in hand54/58€13€14,619▲ 1,169×
Deferred charges and accrued income490/1€311€311=
Equity and liabilities
Total equity and liabilities10/49€3,844€17,971▲ 367%
Equity10/15€2,736€7,978▲ 192%
Contributions10/11€1,000€1,000=
Contributions outside capital11€1,000€1,000=
Other1109/19€1,000€1,000=
Profit (loss) carried forward14€1,736€6,978▲ 302%
Amounts payable17/49€1,108€9,993▲ 802%
Amounts payable within one year42/48€1,108€9,993▲ 802%
Trade debts44€461€1,586▲ 244%
Suppliers440/4€461€1,586▲ 244%
Taxes, remuneration and social security45€435€6,262▲ 14×
Taxes450/3€435€3,007▲ 592%
Remuneration and social security454/9-€3,255-
Other amounts payable47/48€212€2,145▲ 912%
Line20242025Change
Profit (loss) for the period9904€1,736€5,242▲ 202%
+ Depreciation and write-downs630-€1,263-
Operating cash flow (approximation)€1,736€6,505▲ 275%
Change in cash-€14,606-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2025 abbreviated format 13-06-2026 2026-00158129
31-12-2024 abbreviated format 09-06-2025 2025-00125735

Similar companies · same sector, comparable size

Of the 29,223 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,403. 8,656 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.