Rainbow Construct
ActiveSummary
The computed 12-month bankruptcy probability of Rainbow Construct is 1.6% (moderate). The 2024 annual accounts show equity of €14,262 and a net result of -€1,291. Equity is shrinking by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 36377 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability8▼-42
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 14.99 against 42.02 in 2023; short-term debt: 5.9% and cash: 24.7% of total assets), and 5.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
94.1%
Return on assets
-8.5%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€1,291
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 23-06-2025, 38 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
30 d early
2022
35 d early
2021
37 d early
2020
38 d early
2019
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€14,262▼ 8.3%
2023 · €15,553
Total assets
€15,161▼ 4.6%
2023 · €15,897
Net result
-€1,291▲ 83.4%
2023 · -€7,754
Working capital
€12,571▼ 10.8%
2023 · €14,097
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€15,501▼ 27.8%€1,653▼ 89.3%-€9,147-€7,901▲ 13.6%-€1,416▲ 82.1%
Net result€11,069▼ 26.6%€578▼ 94.8%-€9,622-€7,754▲ 19.4%-€1,291▲ 83.4%
Equity€32,352▲ 52.0%€32,930▲ 1.8%€23,308▼ 29.2%€15,553▼ 33.3%€14,262▼ 8.3%
Total assets€72,624▲ 3.5%€56,903▼ 21.6%€33,153▼ 41.7%€15,897▼ 52.0%€15,161▼ 4.6%
Debt€40,272▼ 17.7%€23,973▼ 40.5%€9,846▼ 58.9%€344▼ 96.5%€899▲ 162%
Working capital€10,539€16,036▲ 52.2%€10,377▼ 35.3%€14,097▲ 35.8%€12,571▼ 10.8%
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 €1,416 in 2024 against €7,901 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15,161
Fixed assets
€1,691 ▲ 16.1%
Current assets
€13,470 ▼ 6.7%
Equity and liabilities €15,161
Equity
€14,262 ▼ 8.3%
Debt
€899 ▲ 162%
Debt's share of the balance-sheet total rises from 2.2% to 5.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€730▼
2023 · €5,130
Cash flow
-€605▼
2023 · €5,276
Current ratio
14.99▼
2023 · 42.02
Debt to equity
0.06▲
2023 · 0.02
ROE
-9.1%▲
2023 · -49.9%
ROA
-8.5%▲
2023 · -48.8%
Interest coverage
-3.57▼
2023 · 26.37
Debt ≤ 1 year
€899▲
2023 · €344
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 | €16,417 | €16,415 | €12,778 | €13,031 | €687 | ▼ 94.7% |
| Other operating charges640/8 | - | €2,244 | €1,650 | €2,773 | €3,127 | ▲ 12.7% |
| Gross operating margin9900 | €33,878 | €20,313 | €5,281 | €7,903 | €2,397 | ▼ 69.7% |
| Operating profit (loss)9901 | €15,501 | €1,653 | -€9,147 | -€7,901 | -€1,416 | ▲ 82.1% |
| Financial income75/76B | - | €312 | €265 | €341 | €330 | ▼ 3.2% |
| Recurring financial income75 | €38 | €312 | €265 | €341 | €330 | ▼ 3.2% |
| Financial charges65/66B | - | €1,141 | €741 | €195 | €205 | ▲ 5.2% |
| Recurring financial charges65 | €1,510 | €1,141 | €741 | €195 | €205 | ▲ 5.2% |
| Profit (loss) for the period before taxes9903 | €14,029 | €824 | -€9,623 | -€7,754 | -€1,291 | ▲ 83.4% |
| Income taxes67/77 | €2,960 | €247 | -€1 | -€0 | - | - |
| Profit (loss) for the period9904 | €11,069 | €578 | -€9,622 | -€7,754 | -€1,291 | ▲ 83.4% |
| Profit (loss) for the period to be appropriated9905 | €11,069 | €578 | -€9,622 | -€7,754 | -€1,291 | ▲ 83.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72,624 | €56,903 | €33,153 | €15,897 | €15,161 | ▼ 4.6% |
| Fixed assets21/28 | €42,371 | €25,956 | €13,178 | €1,456 | €1,691 | ▲ 16.1% |
| Tangible fixed assets22/27 | €41,971 | €25,556 | €12,778 | €1,056 | €1,291 | ▲ 22.2% |
| Plant, machinery and equipment23 | - | €698 | €349 | - | - | - |
| Furniture and vehicles24 | - | €12,878 | €6,439 | €1,056 | €1,291 | ▲ 22.2% |
| Leasing and similar rights25 | - | €11,980 | €5,990 | - | - | - |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €30,253 | €30,947 | €19,975 | €14,441 | €13,470 | ▼ 6.7% |
| Amounts receivable within one year40/41 | €18,177 | €30,234 | €18,815 | €10,853 | €9,729 | ▼ 10.4% |
| Trade receivables40 | - | €19,244 | €13,006 | €3,459 | €4,584 | ▲ 32.5% |
| Other amounts receivable41 | - | €10,990 | €5,809 | €7,394 | €5,145 | ▼ 30.4% |
| Cash at bank and in hand54/58 | €12,076 | €713 | €1,160 | €3,588 | €3,741 | ▲ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72,624 | €56,903 | €33,153 | €15,897 | €15,161 | ▼ 4.6% |
| Equity10/15 | €32,352 | €32,930 | €23,308 | €15,553 | €14,262 | ▼ 8.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | €6,200 | - | - | - | - |
| Other1109/19 | - | €6,200 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €24,292 | €24,870 | €15,248 | €7,493 | €6,202 | ▼ 17.2% |
| Amounts payable17/49 | €40,272 | €23,973 | €9,846 | €344 | €899 | ▲ 162% |
| Amounts payable after more than one year17 | €20,559 | €9,062 | €248 | - | - | - |
| Financial debts170/4 | - | €9,062 | €248 | - | - | - |
| Amounts payable within one year42/48 | €19,714 | €14,911 | €9,598 | €344 | €899 | ▲ 162% |
| Current portion of amounts payable after more than one year42 | - | €11,496 | €8,815 | - | - | - |
| Trade debts44 | €342 | €202 | €530 | - | €224 | - |
| Suppliers440/4 | - | €202 | €530 | - | €224 | - |
| Taxes, remuneration and social security45 | - | €3,213 | €253 | €344 | €675 | ▲ 96.4% |
| Taxes450/3 | - | €3,213 | €253 | €344 | €675 | ▲ 96.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,069 | €578 | -€9,622 | -€7,754 | -€1,291 | ▲ 83.4% |
| + Depreciation and write-downs630 | €16,417 | €16,415 | €12,778 | €13,031 | €687 | ▼ 94.7% |
| Operating cash flow (approximation) | €27,487 | €16,993 | €3,156 | €5,276 | -€605 | ▼ 111% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,309 | -€921 | ▲ 29.6% |
| Change in cash | - | -€11,363 | €447 | €2,428 | €154 | ▼ 93.7% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 20current ratio 42.02
Current ratio from 2.08 to 42.02; short-term debt falls from €9,598 to €344.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€9,622
Net result drops to -€9,622, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.53
Current ratio from 0.66 to 1.53.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Antwerpen · 1 establishment unit since 2018
Ground area
70 m²
Building footprint
70 m²
Volume, LiDAR
609 m³
Parcel 11810K1747/00Y006, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rainbow Construct
since 20182.272.502.439
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1747/00Y006 | Flanders | 70 m² | 1 · 70 m² | 11.8 m · 3 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 7,299 companies in sector 43350 we hold annual accounts for 2,360. 1,607 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
Founded31-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.