RB CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of RB CONCEPT is 1.7% (moderate). The 2025 annual accounts show equity of €44,876 and a net result of €64,931. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 45% of 7564 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+22
Solvency64▲+64
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.98 against 1.55 in 2024; short-term debt: 24% and cash: 18.1% of total assets), but 61.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
38.9%
Return on assets
56.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
31 d late
2024
153 d late
2023
122 d late
2022
32 d late
2021
31 d late
2020
31 d late
2019
96 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 71 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€44,876
2024 · -€20,055
Total assets
€115,286▲ 152%
2024 · €45,727
Net result
€64,931▲ 1,758%
2024 · €3,495
Working capital
€54,727▲ 256%
2024 · €15,380
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,391-€23,026-€6,800▲ 70.5%€4,293€65,456▲ 1,425%
Net result€11,855within the sector's middle half-€23,392below the sector's middle half-€7,675below the sector's middle half▲ 67.2%€3,495within the sector's middle half€64,931above the sector's middle half▲ 1,758%
Equity€18,324within the sector's middle half▲ 1,298%-€15,875below the sector's middle half-€23,550below the sector's middle half▼ 48.3%-€20,055below the sector's middle half▲ 14.8%€44,876within the sector's middle half
Total assets€46,990below the sector's middle half▲ 61.5%€47,630below the sector's middle half▲ 1.4%€20,965below the sector's middle half▼ 56.0%€45,727below the sector's middle half▲ 118%€115,286within the sector's middle half▲ 152%
Debt€28,665▲ 3.1%€63,506▲ 122%€44,515▼ 29.9%€65,782▲ 47.8%€70,410▲ 7.0%
Working capital€18,202▲ 4,314%€2,931▼ 83.9%€10,768▲ 267%€15,380▲ 42.8%€54,727▲ 256%
Solvency39.0%within the sector's middle half▲ 34.5pp-33.3%below the sector's middle half▼ 72.3pp-112.3%below the sector's middle half▼ 79.0pp-43.9%below the sector's middle half▲ 68.5pp38.9%within the sector's middle half▲ 82.8pp
Staff (FTE)10.7▼ 30.0%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1,425% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115,286
Fixed assets
€32,946 ▲ 1,315%
Current assets
€82,340 ▲ 89.7%
Equity and liabilities €115,286
Equity
€44,876
Debt
€70,410
Debt finances 61.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€66,669▲
2024 · €5,910
Cash flow
€66,144▲
2024 · €5,112
Current ratio
2.98▲
2024 · 1.55
Quick ratio
2.83▲
2024 · 1.40
Debt to equity
1.57▲
2024 · -3.28
ROE
144.7%
ROA
56.3%▲
2024 · 7.6%
Interest coverage
127.01▲
2024 · 7.40
Debt ≤ 1 year
€27,613▼
2024 · €28,018
Debt > 1 year
€40,787▲
2024 · €37,764
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,964 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2,348 | €1,667 | -€2,021 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,387 | €6,994 | €2,180 | €1,617 | €1,213 | ▼ 25.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €170 | - | - | - | - |
| Other operating charges640/8 | €212 | €297 | €390 | €279 | - | - |
| Gross operating margin9900 | €19,990 | -€13,218 | -€2,562 | €4,168 | €66,669 | ▲ 1,499% |
| Operating profit (loss)9901 | €12,391 | -€23,026 | -€6,800 | €4,293 | €65,456 | ▲ 1,425% |
| Financial charges65/66B | €537 | €366 | €875 | €798 | €525 | ▼ 34.2% |
| Recurring financial charges65 | €537 | €366 | €875 | €798 | €525 | ▼ 34.2% |
| Profit (loss) for the period before taxes9903 | €11,855 | -€23,392 | -€7,675 | €3,495 | €64,931 | ▲ 1,758% |
| Profit (loss) for the period9904 | €11,855 | -€23,392 | -€7,675 | €3,495 | €64,931 | ▲ 1,758% |
| Profit (loss) for the period to be appropriated9905 | €11,855 | -€23,392 | -€7,675 | €3,495 | €64,931 | ▲ 1,758% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,990 | €47,630 | €20,965 | €45,727 | €115,286 | ▲ 152% |
| Fixed assets21/28 | €21,018 | €14,582 | €3,445 | €2,328 | €32,946 | ▲ 1,315% |
| Tangible fixed assets22/27 | €21,018 | €14,582 | €3,445 | €2,328 | €32,946 | ▲ 1,315% |
| Plant, machinery and equipment23 | €1,959 | €1,115 | €257 | €463 | €26,072 | ▲ 5,535% |
| Furniture and vehicles24 | €19,059 | €13,467 | €3,188 | €1,866 | €6,874 | ▲ 268% |
| Current assets29/58 | €25,972 | €33,048 | €17,519 | €43,398 | €82,340 | ▲ 89.7% |
| Stocks and contracts in progress3 | €5,160 | €1,980 | €14,100 | €4,279 | €4,279 | = |
| Stocks30/36 | €5,160 | €1,980 | €14,100 | €4,279 | €4,279 | = |
| Amounts receivable within one year40/41 | €11,991 | €8,338 | €1,020 | €1,025 | €44,244 | ▲ 4,215% |
| Trade receivables40 | €219 | €8,070 | €70 | - | €25,339 | - |
| Other amounts receivable41 | €11,773 | €267 | €950 | €1,025 | €18,905 | ▲ 1,744% |
| Cash at bank and in hand54/58 | €8,178 | €21,923 | €1,569 | €35,316 | €20,842 | ▼ 41.0% |
| Deferred charges and accrued income490/1 | €643 | €808 | €830 | €2,778 | €12,975 | ▲ 367% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,990 | €47,630 | €20,965 | €45,727 | €115,286 | ▲ 152% |
| Equity10/15 | €18,324 | -€15,875 | -€23,550 | -€20,055 | €44,876 | ▲ 324% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Distributable reserves133 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €12,124 | -€23,075 | -€30,750 | -€27,255 | €37,676 | ▲ 238% |
| Amounts payable17/49 | €28,665 | €63,506 | €44,515 | €65,782 | €70,410 | ▲ 7.0% |
| Amounts payable after more than one year17 | €20,896 | €32,164 | €37,764 | €37,764 | €40,787 | ▲ 8.0% |
| Other amounts payable178/9 | €20,896 | €32,164 | €37,764 | €37,764 | €40,787 | ▲ 8.0% |
| Amounts payable within one year42/48 | €7,770 | €30,117 | €6,751 | €28,018 | €27,613 | ▼ 1.4% |
| Trade debts44 | - | €3,105 | €2,451 | €14,526 | €11,847 | ▼ 18.4% |
| Suppliers440/4 | - | €3,105 | €2,451 | €8,636 | €11,847 | ▲ 37.2% |
| Bills of exchange payable441 | - | - | - | €5,890 | - | - |
| Advances received on contracts in progress46 | €2,120 | €22,781 | €1,750 | €1,750 | €13,888 | ▲ 694% |
| Taxes, remuneration and social security45 | €88 | €4,232 | €2,550 | €8,379 | €1,878 | ▼ 77.6% |
| Taxes450/3 | €88 | €3,484 | €2,550 | €2,550 | €1,878 | ▼ 26.4% |
| Remuneration and social security454/9 | - | €748 | - | €5,828 | - | - |
| Other amounts payable47/48 | €5,562 | - | - | €3,363 | - | - |
| Accrued charges and deferred income492/3 | - | €1,224 | - | - | €2,009 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,855 | -€23,392 | -€7,675 | €3,495 | €64,931 | ▲ 1,758% |
| + Depreciation and write-downs630 | €7,387 | €6,994 | €2,180 | €1,617 | €1,213 | ▼ 25.0% |
| Operating cash flow (approximation) | €19,242 | -€16,399 | -€5,495 | €5,112 | €66,144 | ▲ 1,194% |
| Investment in fixed assets (approximation) | - | -€558 | €8,956 | -€500 | -€31,830 | ▼ 6,265% |
| Change in cash | - | €13,745 | -€20,353 | €33,746 | -€14,473 | ▼ 143% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2019net €64,931 ▲1,758%
Operating result €65,456, net result €64,931, both a record.
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
31-12
Financial
Back to profitnet €3,495
Net result €3,495 after 2 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 122 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 2.60
Current ratio from 1.10 to 2.60; short-term debt falls from €30,117 to €6,751.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet -€23,392
Net result drops to -€23,392, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €11,855
Net result €11,855 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 3.34
Current ratio from 1.06 to 3.34.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Seraing · 1 establishment unit since 2018
Ground area
695 m²
Building footprint
54 m²
Parcel 62353D0179/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
RB CONCEPT
since 20182.283.491.648
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62353D0179/00C000 | Wallonia | 695 m² | 1 · 54 m² | - |
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.
Similar companies · same sector, comparable size
Bouwvisie+
BE 0728.665.681
Gent · Eq €44,872
EGS IMMO
BE 0712.686.912
Liège · Eq €44,882
Core
BE 0477.876.933
Aalst · Eq €44,891
BOLOCANE FRERES ECO-CONSTRUCT
BE 0792.742.792
Burdinne · Eq €44,892
TIM POWER CONSTRUCT
BE 0803.253.733
Beersel · Eq €44,893
Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 12,994 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 (pre-2019)
Founded02-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43341Painting of buildings
43990Other specialised construction activities
Contact
E-mail
boutard.concept@gmail.com
Phone
+32493542807
E-invoicing
Reachable via Peppol
Peppol ID
0208:0707680425
Also
9925:BE0707680425
Registered
29-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.