RC CONSTRUCT
ActiveSummary
RC CONSTRUCT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €532,125 and a net result of €38,011. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 50% of 344 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-3
Solvency74▼-15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.45 against 2.97 in 2023; short-term debt: 16.3% and cash: 11.9% of total assets), but 51.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 80
Relative position
BE, all sectors
reference
Investigation and security activities (NACE 80)
about 5% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 64 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
64 d late
2023
152 d late
2022
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 92 days after the deadline; the sector median for financial year 2024 is 2 days 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
€532,125▲ 7.7%
2023 · €494,114
Total assets
€1.1m▲ 42.2%
2023 · €771,023
Net result
€38,011▼ 10.4%
2023 · €42,409
Working capital
€435,906▲ 134%
2023 · €186,095
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 80, Investigation and security activities, 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
Line202220232024
Operating result€73,523-€70,757▼ 3.8%€72,421▲ 2.4%
Net result€43,845above the sector's middle half-€42,409above the sector's middle half▼ 3.3%€38,011above the sector's middle half▼ 10.4%
Equity€451,705above the sector's middle half-€494,114above the sector's middle half▲ 9.4%€532,125above the sector's middle half▲ 7.7%
Total assets€718,393above the sector's middle half-€771,023above the sector's middle half▲ 7.3%€1.1mabove the sector's middle half▲ 42.2%
Debt€266,688-€276,909▲ 3.8%€563,996▲ 104%
Working capital€128,911-€186,095▲ 44.4%€435,906▲ 134%
Solvency62.9%within the sector's middle half-64.1%within the sector's middle half▲ 1.2pp48.5%within the sector's middle half▼ 15.5pp
above
within
below
the middle half (P25 to P75) of NACE 80, Investigation and security 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.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€482,080 ▼ 1.7%
Current assets
€614,041 ▲ 119%
Equity and liabilities €1.1m
Equity
€532,125 ▲ 7.7%
Debt
€563,996 ▲ 104%
Debt's share of the balance-sheet total rises from 35.9% to 51.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€109,848▲
2023 · €106,317
Cash flow
€75,438▼
2023 · €77,969
Current ratio
3.45▲
2023 · 2.97
Debt to equity
1.06▲
2023 · 0.56
ROE
7.1%▼
2023 · 8.6%
ROA
3.5%▼
2023 · 5.5%
Interest coverage
6.60▼
2023 · 10.51
Debt ≤ 1 year
€178,135▲
2023 · €94,625
Debt > 1 year
€385,861▲
2023 · €182,284
Income taxes
€17,770▼
2023 · €18,234
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,040 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
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 0.4% 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 6,040 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,560 | €35,560 | €37,427 | ▲ 5.3% |
| Other operating charges640/8 | €1,959 | €2,734 | €2,295 | ▼ 16.1% |
| Non-recurring operating charges66A | - | - | €1,288 | - |
| Gross operating margin9900 | €111,042 | €109,051 | €113,431 | ▲ 4.0% |
| Operating profit (loss)9901 | €73,523 | €70,757 | €72,421 | ▲ 2.4% |
| Financial charges65/66B | €11,639 | €10,114 | €16,640 | ▲ 64.5% |
| Recurring financial charges65 | €11,639 | €10,114 | €16,640 | ▲ 64.5% |
| Profit (loss) for the period before taxes9903 | €61,884 | €60,643 | €55,781 | ▼ 8.0% |
| Income taxes67/77 | €18,039 | €18,234 | €17,770 | ▼ 2.5% |
| Profit (loss) for the period9904 | €43,845 | €42,409 | €38,011 | ▼ 10.4% |
| Profit (loss) for the period to be appropriated9905 | €43,845 | €42,409 | €38,011 | ▼ 10.4% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €718,393 | €771,023 | €1.1m | ▲ 42.2% |
| Fixed assets21/28 | €525,863 | €490,303 | €482,080 | ▼ 1.7% |
| Tangible fixed assets22/27 | €268,110 | €232,550 | €224,327 | ▼ 3.5% |
| Land and buildings22 | €53,200 | €46,550 | €39,900 | ▼ 14.3% |
| Furniture and vehicles24 | €6,957 | €4,535 | €10,113 | ▲ 123% |
| Other tangible fixed assets26 | €207,953 | €181,465 | €174,314 | ▼ 3.9% |
| Financial fixed assets28 | €257,753 | €257,753 | €257,753 | = |
| Current assets29/58 | €192,530 | €280,720 | €614,041 | ▲ 119% |
| Amounts receivable after more than one year29 | €60,000 | €60,000 | €331,000 | ▲ 452% |
| Other amounts receivable291 | €60,000 | €60,000 | €331,000 | ▲ 452% |
| Amounts receivable within one year40/41 | €53,993 | €107,245 | €144,164 | ▲ 34.4% |
| Trade receivables40 | €4,800 | €18,749 | €16,018 | ▼ 14.6% |
| Other amounts receivable41 | €49,193 | €88,496 | €128,146 | ▲ 44.8% |
| Current investments50/53 | - | - | €6,132 | - |
| Cash at bank and in hand54/58 | €76,460 | €111,446 | €130,012 | ▲ 16.7% |
| Deferred charges and accrued income490/1 | €2,077 | €2,029 | €2,733 | ▲ 34.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €718,393 | €771,023 | €1.1m | ▲ 42.2% |
| Equity10/15 | €451,705 | €494,114 | €532,125 | ▲ 7.7% |
| Contributions10/11 | €100 | €100 | €100 | = |
| Reserves13 | €451,605 | €494,014 | €532,025 | ▲ 7.7% |
| Distributable reserves133 | €451,605 | €494,014 | €532,025 | ▲ 7.7% |
| Amounts payable17/49 | €266,688 | €276,909 | €563,996 | ▲ 104% |
| Amounts payable after more than one year17 | €203,069 | €182,284 | €385,861 | ▲ 112% |
| Financial debts170/4 | €203,069 | €182,284 | €385,861 | ▲ 112% |
| Amounts payable within one year42/48 | €63,619 | €94,625 | €178,135 | ▲ 88.3% |
| Current portion of amounts payable after more than one year42 | €19,400 | €20,800 | €79,200 | ▲ 281% |
| Financial debts43 | €2,706 | €2,704 | €2,703 | = |
| Credit institutions430/8 | €2,706 | €2,704 | €2,703 | = |
| Trade debts44 | €364 | €3,310 | €2,567 | ▼ 22.4% |
| Suppliers440/4 | €364 | €3,310 | €2,567 | ▼ 22.4% |
| Advances received on contracts in progress46 | - | €26,367 | €48,550 | ▲ 84.1% |
| Taxes, remuneration and social security45 | €41,149 | €41,444 | €45,115 | ▲ 8.9% |
| Taxes450/3 | €41,149 | €41,444 | €45,115 | ▲ 8.9% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,845 | €42,409 | €38,011 | ▼ 10.4% |
| + Depreciation and write-downs630 | €35,560 | €35,560 | €37,427 | ▲ 5.3% |
| Operating cash flow (approximation) | €79,405 | €77,969 | €75,438 | ▼ 3.2% |
| Investment in fixed assets (approximation) | - | €0 | -€29,204 | - |
| Change in cash | - | €34,986 | €18,566 | ▼ 46.9% |
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
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 64 days late
2024
31-12
Financial
Weakest financial yearnet €38,011 ▼10.4%
Net result drops to €38,011, the lowest in the series.
31-12
Financial
Equity above €500,000Eq €532,125 ▲7.7%
3 profitable years in a row build equity to €532,125.
30-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 152 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Grimbergen · 1 establishment unit since 2008
Ground area
2,176 m²
Building footprint
158 m²
Volume, LiDAR
977 m³
Parcel 23036A0081/00G000, Flanders · tallest building 12.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
-
since 20082.167.858.839
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23036A0081/00G000 | Flanders | 2,176 m² | 1 · 158 m² | 12.1 m · 1 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.
Similar companies · same sector, comparable size
ATELIER BOONEN
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BLACKDOG
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EUROSAFE
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Identifin
BE 0808.911.704
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TOTAL SECURITY
BE 0810.655.130
Lummen · Eq €573,371
Of 462 companies in sector 80090 we hold annual accounts for 262. 152 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
Founded01-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
80090Investigation and security activities
71121Engineering and related technical consultancy, excluding land surveyors
90391Promotion and organisation of arts and performing arts events
90399Other support activities for arts and performing arts
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894826285
Also
9925:BE0894826285
Registered
26-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.