Turnover
The micro format states no turnover.
The micro format states no turnover.
More equity than 90% of companies in real estate. Sector median €73,122 · 17,201 companies.
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 53% of them on solvency, 67% on liquidity and 44% on profitability.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 501 companies had the same profile as RAINBOW PROJECTS has now. Each dot stands for 2 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RAINBOW PROJECTS itself: 0.1% within 12 months.
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 501 companies, not a prediction for RAINBOW 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.
Liquidity is insufficient, with a current ratio of 0.18, below 1. Short-term debt is 6.2% and cash 1% of total assets. 67.6% of the assets are financed with debt and provisions.
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 | ||||
|---|---|---|---|---|
| RAINBOW PROJECTS Beernem | €2.5m | €290,833 | 32.4% | - |
| Falcon Nest Wevelgem | €2.4m | €314,759 | 2.5% | - |
| DV Immo Rumst | €2.5m | €271,982 | -4.4% | - |
| AFC Habitats Namur | €2.2m | €293,064 | 39.7% | - |
| DEPAL Fauvillers | €2.3m | €337,979 | 5.0% | - |
| Foxstone Lommel | €2.3m | €230,075 | -7.6% | - |
| OT IMMO Liège | €2.1m | €242,379 | -0.6% | - |
These companies have the same main activity as RAINBOW PROJECTS: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €2.1m and €2.5m, founded between 2023 and 2024.
RAINBOW PROJECTS has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €800,150 and a net result of €150.
Its solvency ranks better than 53% of 17,185 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
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. The turnover shown is an estimate from the gross margin.
Turnover ≈ €320,000. Estimated: probably between €300,000 and €400,000.
Amounts without an identifiable currency are taken as euros.
Higher than 53% of 17,185 companies in 2025.
Higher than 16% of 16,482 companies in 2025.
Higher than 38% of 16,861 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
2.5m | |
21/28 |
2.4m | |
22/27 |
2.4m | |
22 |
2.4m | |
23 |
1,546 | |
29/58 |
27,147 | |
40/41 |
330 | |
40 |
330 | |
54/58 |
25,879 | |
490/1 |
938 | |
| Balance sheet: equity and liabilities | ||
10/49 |
2.5m | |
10/15 |
800,150 | |
10/11 |
800,000 | |
13 |
150 | |
133 |
150 | |
17/49 |
1.7m | |
17 |
1.5m | |
170/4 |
1.5m | |
42/48 |
153,961 | |
42 |
121,333 | |
44 |
528 | |
440/4 |
528 | |
45 |
10,594 | |
450/3 |
10,594 | |
47/48 |
21,506 | |
| Income statement | ||
9900 |
290,833 | |
630 |
176,675 | |
640/8 |
28,061 | |
9901 |
86,097 | |
65/66B |
85,548 | |
65 |
85,548 | |
9903 |
548 | |
67/77 |
399 | |
9904 |
150 | |
9905 |
150 | |
| Appropriation of the result | ||
9906 |
150 | |
691/2 |
150 | |
6921 |
150 | |
| Document | ||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 19-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 19-06-2026 | 2026-00190220 |
| Line | Trend | 2025 |
|---|---|---|
| 262,772 | ||
| 176,825 | ||
| 2.6m | ||
| -126,813 | ||
| 32.4% | ||
| 0.18 | ||
| 2.09 | ||
| 0.0% | ||
| 0.0% | ||
| 3.07 |
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 | 2025 |
|---|---|
| Tangible fixed assets | €2.6m |
| €176,675 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Debt's share of the balance-sheet total is 67.6%.
RAINBOW PROJECTS has no parent and no holdings in its annual accounts. RAINBOW PROJECTS shares no director with another company.
| EXTRAPOWER HOLDING
registered office since 29-12-2022 · founded in 2022 · group MAN@THEWHEEL |
total assets €56.8m (2025) 0795.538.966 |
| ENSYS HOLDING
registered office since 24-01-2024 · founded in 2024 |
total assets €10.1m (2025) 1005.158.441 |
| ENERSO HOLDING
registered office since 24-12-2012 · founded in 2012 |
total assets €8.3m (2025) 0501.733.389 |
| EXTRA-VOLT
registered office since 02-05-2022 · founded in 2022 |
6.3 FTE (2025) 0785.619.727 |
| VANDENBRUWAENE
registered office since 22-12-1998 · founded in 1998 |
total assets €472,491 (2025) 0464.627.327 |
| JETA REAL ESTATE
registered office since 19-10-2000 · founded in 2000 |
total assets €376,222 (2025) 0472.281.815 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Industriepark Oost 26 registered office 8730 Beernem | 26-03-2024 | 2.358.045.848 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31028D0212/00V000 | 2,285 m² | 1 · 1,136 m² | 0.1 m |
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