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RB PROPERTIES

Active
Private limited companyfounded 20206 yrs activeRue de Bruxelles 67, 1470 Genappe, BelgiumKBO/BCE: BE 0750.737.240
Summary

RB PROPERTIES has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €150,687 and a net result of €76,920. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 16707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Development of residential building projects
NACE 68121Real estate development NACE 41101
1 site
Size
€1.2mtotal assets 2025
Equity
€150,687
Profit
€76,920
Turnover not published (abridged schema)
Financial health
70 Healthy Checked score 2025
Bankruptcy chance 12 m
0.6%
Structure
Accounts filed 7 d late0 of 2 deeds read
Why 70- 1 change of registered office in 24 months- Latest accounts 7 days late; 2 of the last 3 late+ Size: total assets €1.2m+ Sector Real estate activities (NACE 68)Show the evidence

Checked score

Score 2025
70 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 46% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency 38+4
equity 12.7% of total assets
Liquidity 17=
short-term debt 72.7% · cash 5.1%
Profitability 54-14
return on assets 6.5%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,526 companies)
Last 24 months 11-2024: 0.6%lowest value 12-2024: 0.6%▲ +3.8% vs 11-2024 01-2025: 0.6%▼ -1.5% vs 12-2024 02-2025: 0.6%▲ +1.7% vs 01-2025 03-2025: 0.6%▼ -0.7% vs 02-2025 04-2025: 0.6%▲ +2.0% vs 03-2025 05-2025: 0.7%▲ +9.6% vs 04-2025 06-2025: 0.7%▲ +3.3% vs 05-2025 07-2025: 0.7%▲ +6.8% vs 06-2025 08-2025: 1.0%▲ +40.0% vs 07-2025 09-2025: 1.2%▲ +16.2% vs 08-2025 10-2025: 0.8%▼ -34.0% vs 09-2025 11-2025: 0.8%▼ -0.1% vs 10-2025 12-2025: 0.8%● 0.0% vs 11-2025 01-2026: 0.8%▼ -1.4% vs 12-2025 02-2026: 0.8%▲ +2.7% vs 01-2026 03-2026: 0.8%▲ +0.2% vs 02-2026 04-2026: 0.8%▲ +0.1% vs 03-2026 05-2026: 0.9%▲ +15.2% vs 04-2026 06-2026: 1.0%▲ +9.9% vs 05-2026 07-2026: 1.1%▲ +12.2% vs 06-2026 08-2026: 1.6%▲ +40.3% vs 07-2026highest value 09-2026: 0.7%▼ -58.5% vs 08-2026 10-2026: 0.6%▼ -4.3% vs 09-2026
  • Size: total assets €1.2m lowers the probability for this profile
  • 1 change of registered office in 24 months raises the probability
  • Sector Real estate activities (NACE 68) lowers the probability
  • Latest accounts 7 days late; 2 of the last 3 late raises the probability
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.4 in 2024; short-term debt: 72.7% and cash: 5.1% of total assets), and 87.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 33%, liquidity 15%, profitability 44%, growth against the median 92%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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
lowers risk · Size: total assets €1.2m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Sector Real estate activities (NACE 68)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Latest accounts 7 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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 · 5 filings
Deviation from the deadline
2025
7 d late
2024
33 d late
2023
31 d late
2022
32 d late
2021
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 1 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Founder · IncorporationAuditor appointment · Auditor report
  2. Annual accounts filedfiscal year 2025 · micro…
  3. Equity above €150,000Eq €150,687 ▲104%

Financials · fiscal year 2025, micro schema

Equity
€150,687▲ 104%
2024 · €73,767
Total assets
€1.2m▲ 44.6%
2024 · €823,660
Net result
€76,920▼ 22.8%
2024 · €99,627
Working capital
€325,597▲ 43.1%
2024 · €227,529
Trend over the years

2021 to 2025, 5 fiscal years

After the dip in 2022 the operating result has climbed three years in a row; 2025 is 23% above 2024 and is the highest result in the available series.

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

Operating result€0.1m 2025 Net result€0.08m 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€0.009m--€0.07m▼ 682%€0.004m€0.1m▲ 2,547%€0.1m▲ 23.0%
Net result-€0.01mbelow the sector's middle half--€0.07mbelow the sector's middle half▼ 541%€0.004mwithin the sector's middle half€0.1mabove the sector's middle half▲ 2,126%€0.08mabove the sector's middle half▼ 22.8%
Equity€0.03mwithin the sector's middle half--€0.03mbelow the sector's middle half-€0.03mbelow the sector's middle half▲ 14.8%€0.07mwithin the sector's middle half€0.2mwithin the sector's middle half▲ 104%
Total assets€0.3mwithin the sector's middle half-€0.5mwithin the sector's middle half▲ 58.9%€0.5mwithin the sector's middle half▼ 4.0%€0.8mwithin the sector's middle half▲ 80.1%€1.2mabove the sector's middle half▲ 44.6%
Debt€0.3m-€0.5m▲ 91.2%€0.5m▼ 4.7%€0.7m▲ 47.0%€1.0m▲ 39.5%
Working capital-€0.007mwithin the sector's middle half-€0.05mwithin the sector's middle half€0.1mwithin the sector's middle half▲ 115%€0.2mabove the sector's middle half▲ 134%€0.3mabove the sector's middle half▲ 43.1%
Solvency11.6%within the sector's middle half--6.4%below the sector's middle half▼ 18.0pp-5.7%below the sector's middle half▲ 0.7pp9.0%within the sector's middle half▲ 14.6pp12.7%within the sector's middle half▲ 3.7pp
Current ratio0.97within the sector's middle half-1.11within the sector's middle half▲ 0.141.29within the sector's middle half▲ 0.181.40within the sector's middle half▲ 0.111.38within the sector's middle half▼ 0.02
Return on assets (ROA)-3.4%below the sector's middle half--13.7%below the sector's middle half▼ 10.3pp1.0%within the sector's middle half▲ 14.7pp12.1%above the sector's middle half▲ 11.1pp6.5%within the sector's middle half▼ 5.6pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.2m
Equity €150,687 ▲ 104%
Provisions €49,410 ▲ 25.1%
Debt €990,864 ▲ 39.5%
Debt's share of the balance-sheet total falls from 86.2% to 83.2%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Quick ratio
0.17▼
2024 · 0.42
Debt to equity
6.58▼
2024 · 9.63
ROE
51.0%▼
2024 · 135.1%
Debt ≤ 1 year
€865,364▲
2024 · €575,893
Debt > 1 year
€125,500▼
2024 · €134,500
Income taxes
€29,577▲
2024 · €13,526
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,684 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.3% went bankrupt
1.2% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,471 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% 1.0%
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% 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 2,684 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 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€0.8m€1.2m▲
Fixed assets21/28€0.02m-
Financial fixed assets28€0.02m-
Current assets29/58€0.8m€1.2m▲
Stocks and contracts in progress3€0.6m€1.0m▲
Stocks30/36€0.6m€1.0m▲
Amounts receivable within one year40/41€0.2m€0.09m▼
Trade receivables40€0.007m€0.03m▲
Other amounts receivable41€0.2m€0.06m▼
Cash at bank and in hand54/58€0.03m€0.06m▲
Deferred charges and accrued income490/1€492€0.001m▲
Equity and liabilities
Total equity and liabilities10/49€0.8m€1.2m▲
Equity10/15€0.07m€0.2m▲
Contributions10/11€0.05m€0.05m=
Profit (loss) carried forward14€0.03m€0.1m▲
Provisions and deferred taxes16€0.04m€0.05m▲
Provisions for liabilities and charges160/5€0.04m€0.05m▲
Other liabilities and charges164/5€0.04m€0.05m▲
Amounts payable17/49€0.7m€1.0m▲
Amounts payable after more than one year17€0.1m€0.1m▼
Other amounts payable178/9€0.1m€0.1m▼
Amounts payable within one year42/48€0.6m€0.9m▲
Current portion of amounts payable after more than one year42€0.4m€0.5m▲
Trade debts44-€0.02m
Suppliers440/4-€0.02m
Taxes, remuneration and social security45€0.01m€0.05m▲
Taxes450/3€0.01m€0.05m▲
Other amounts payable47/48€0.1m€0.3m▲
Income statement Code20242025
Remuneration, social security and pensions62-€21-
Provisions for liabilities and charges: additions (uses and reversals)635/8€0.04m€0.01m▼
Other operating charges640/8€387€400▲
Non-recurring operating charges66A-€0.09m
Gross operating margin9900€0.2m€0.2m▲
Operating profit (loss)9901€0.1m€0.1m▲
Financial income75/76B€0.01m€399▼
Recurring financial income75€0.01m€399▼
Financial charges65/66B€0.01m€0.03m▲
Recurring financial charges65€0.01m€0.03m▲
Profit (loss) for the period before taxes9903€0.1m€0.1m▼
Income taxes67/77€0.01m€0.03m▲
Profit (loss) for the period9904€0.1m€0.08m▼
Profit (loss) for the period to be appropriated9905€0.1m€0.08m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.03m€0.1m▲
Profit (loss) brought forward from the previous period14P-€0.07m€0.03m▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62-€6,823€22,177-€21--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,704€2,667----
Provisions for liabilities and charges: additions (uses and reversals)635/8---€39,500€9,910▼ 74.9%
Other operating charges640/8€319€122€3,175€387€400▲ 3.2%
Non-recurring operating charges66A----€87,607-
Gross operating margin9900€1,906-€61,651€29,644€153,493€237,666▲ 54.8%
Operating profit (loss)9901-€9,117-€71,262€4,293€113,627€139,749▲ 23.0%
Financial income75/76B€2,169€12,140€12,812€12,050€399▼ 96.7%
Recurring financial income75€2,169€12,140€12,812€12,050€399▼ 96.7%
Financial charges65/66B€3,030€6,019€12,630€12,524€33,652▲ 169%
Recurring financial charges65€3,030€6,019€12,630€12,524€33,652▲ 169%
Profit (loss) for the period before taxes9903-€9,978-€65,142€4,475€113,153€106,497▼ 5.9%
Income taxes67/77€195€20-€13,526€29,577▲ 119%
Profit (loss) for the period9904-€10,174-€65,161€4,475€99,627€76,920▼ 22.8%
Profit (loss) for the period to be appropriated9905-€10,174-€65,161€4,475€99,627€76,920▼ 22.8%
Line20212022202320242025Change
Assets
Total assets20/58€0.3m€0.5m€0.5m€0.8m€1.2m▲ 44.6%
Fixed assets21/28€0.04m€0.02m€0.02m€0.02m--
Tangible fixed assets22/27€0.02m€0.004m----
Furniture and vehicles24€0.02m€0.004m----
Financial fixed assets28€0.02m€0.02m€0.02m€0.02m--
Current assets29/58€0.3m€0.5m€0.4m€0.8m€1.2m▲ 48.2%
Stocks and contracts in progress3€0.1m€0.2m€0.2m€0.6m€1.0m▲ 85.2%
Stocks30/36€0.1m€0.2m€0.2m€0.6m€1.0m▲ 85.2%
Amounts receivable within one year40/41€0.1m€0.2m€0.2m€0.2m€0.09m▼ 58.0%
Trade receivables40-€0.01m-€0.007m€0.03m▲ 266%
Other amounts receivable41€0.1m€0.2m€0.2m€0.2m€0.06m▼ 69.1%
Cash at bank and in hand54/58€0.008m€0.06m€0.03m€0.03m€0.06m▲ 114%
Deferred charges and accrued income490/1€0.002m€0.001m€459€492€0.001m▲ 5.5%
Equity and liabilities
Total equity and liabilities10/49€0.3m€0.5m€0.5m€0.8m€1.2m▲ 44.6%
Equity10/15€0.03m-€0.03m-€0.03m€0.07m€0.2m▲ 104%
Contributions10/11€0.05m€0.05m€0.05m€0.05m€0.05m=
Profit (loss) carried forward14-€0.01m-€0.08m-€0.07m€0.03m€0.1m▲ 267%
Provisions and deferred taxes16---€0.04m€0.05m▲ 25.1%
Provisions for liabilities and charges160/5---€0.04m€0.05m▲ 25.1%
Other liabilities and charges164/5---€0.04m€0.05m▲ 25.1%
Amounts payable17/49€0.3m€0.5m€0.5m€0.7m€1.0m▲ 39.5%
Amounts payable after more than one year17-€0.1m€0.1m€0.1m€0.1m▼ 6.7%
Other amounts payable178/9-€0.1m€0.1m€0.1m€0.1m▼ 6.7%
Amounts payable within one year42/48€0.3m€0.4m€0.3m€0.6m€0.9m▲ 50.3%
Current portion of amounts payable after more than one year42€0.08m€0.2m€0.2m€0.4m€0.5m▲ 6.5%
Trade debts44€0.02m€0.01m€0.004m-€0.02m-
Suppliers440/4€0.02m€0.01m€0.004m-€0.02m-
Taxes, remuneration and social security45€195€20€20€0.01m€0.05m▲ 237%
Taxes450/3€195€20€20€0.01m€0.05m▲ 237%
Other amounts payable47/48€0.2m€0.2m€0.1m€0.1m€0.3m▲ 161%
Line20212022202320242025Change
Profit (loss) for the period9904-€10,174-€65,161€4,475€99,627€76,920▼ 22.8%
+ Depreciation and write-downs630€10,704€2,667----
Operating cash flow (approximation)€530-€62,495€4,475€99,627€76,920▼ 22.8%
Investment in fixed assets (approximation)-€15,317€4,074€0--
Change in cash-€47,490-€25,331-€1,815€32,224▲ 1,875%

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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Similar companies · same sector, comparable size

Of 9,696 companies in this sector we hold annual accounts for 7,472. 5,402 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Directors

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

RB PROPERTIES was incorporated on 16 July 2020 as a Private limited company.1 Total assets rose from €299,957 in 2021 to €1.2m in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

Acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
08-09
State Gazette act Founder · Incorporation
Auditor appointment · Auditor report
07-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial Equity above €150,000Eq €150,687 ▲104%
3 profitable years in a row build equity to €150,687.
02-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 33 days late
2024
31-12
Financial Highest result since 2021net €99,627 ▲2,126%
Net result €99,627, the highest in the series.
31-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial Back to profitnet €4,475
Net result €4,475 after 2 loss-making years.
01-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial Weakest financial yearnet -€65,161
Net result drops to -€65,161, 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
Financial milestoneState Gazette actNBB 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded16-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:0750737240
Registered 30-09-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 4 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Location & real-estate footprint
Registered office, Genappe · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
968 m²
Building footprint
94 m²
Volume, LiDAR
959 m³
Parcel 25031A0334/00C000, Wallonia · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
RB PROPERTIES
Rue de Bruxelles 67, 1470 GenappeReal estate development
since 2020unit no. 2.306.145.306
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25031A0334/00C000 Wallonia 968 m² 1 · 93 m² 11.9 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.