Equity
RC CONSTRUCT paid out €104,804 in dividends. That is 764% of the 2025 profit.
RC CONSTRUCT paid out €104,804 in dividends. That is 764% of the 2025 profit.
Latest accounts filed late: after the legal deadline.
More equity than 93% of companies in security and investigation. Sector median €47,235 · 323 companies.
The dashed line is the sector median: 0.3% across 480 companies (NACE 80, micro).
About 3 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 80, micro). It does better than 55% of them on solvency, 53% on liquidity, 35% on profitability and 24% on growth.
The bankruptcy probability was computed on 06-11-2026 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, 6,049 companies had the same profile as RC CONSTRUCT has now. Each dot stands for 16 companies, two years later.
That fits the bankruptcy probability of RC CONSTRUCT itself: 0.3% 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 6,049 companies, not a prediction for RC CONSTRUCT. 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 ample, with a current ratio of 3.1 (3.45 in 2024), above the usual 1.5. Short-term debt is 16.4% and cash 4.9% of total assets. However, 51% 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.
The company filed its last 4 accounts on average 86 days after the deadline. In the sector (NACE 80), the median for financial year 2024 was 2 days before the deadline, and 42% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| RC CONSTRUCT Grimbergen | €0.9m | €94,614 | 49.0% | - |
| StrongPoint Vilvoorde | €0.7m | €93,359 | 34.6% | 1 |
| TOTAL SECURITY Lummen | €0.7m | €73,412 | 85.3% | - |
| ATELIER BOONEN Molenbeek-Saint-Jean | €0.7m | €127,868 | 83.1% | - |
| COPREVENT Gedinne | €1.2m | €58,641 | 17.3% | - |
| YUMATEC Wingene | €0.6m | €143,980 | 40.3% | - |
| Outdoor Access Control Company Tervuren | €1.0m | €124,716 | 21.6% | - |
These companies have the same main activity as RC CONSTRUCT: investigation and security activities (NACE 80090). They are comparable in size and age: total assets between €632,000 and €1.2m, founded between 2000 and 2015.
RC CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €111,042 in 2022 to €94,614 in 2025.
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 ≈ €280,000. Estimated: probably between €190,000 and €490,000.
Higher than 57% of 322 companies in 2025.
Higher than 70% of 308 companies in 2025.
Higher than 35% of 312 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
899,661 | 1.1m | 771,023 | 718,393 | |
21/28 |
442,087 | 482,080 | 490,303 | 525,863 | |
22/27 |
184,334 | 224,327 | 232,550 | 268,110 | |
22 |
33,250 | 39,900 | 46,550 | 53,200 | |
24 |
6,558 | 10,113 | 4,535 | 6,957 | |
26 |
144,526 | 174,314 | 181,465 | 207,953 | |
28 |
257,753 | 257,753 | 257,753 | 257,753 | |
29/58 |
457,574 | 614,041 | 280,720 | 192,530 | |
29 |
271,000 | 331,000 | 60,000 | 60,000 | |
291 |
271,000 | 331,000 | 60,000 | 60,000 | |
40/41 |
133,540 | 144,164 | 107,245 | 53,993 | |
40 |
15,615 | 16,018 | 18,749 | 4,800 | |
41 |
117,925 | 128,146 | 88,496 | 49,193 | |
50/53 |
6,132 | 6,132 | - | - | |
54/58 |
44,162 | 130,012 | 111,446 | 76,460 | |
490/1 |
2,740 | 2,733 | 2,029 | 2,077 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
899,661 | 1.1m | 771,023 | 718,393 | |
10/15 |
441,033 | 532,125 | 494,114 | 451,705 | |
10/11 |
100 | 100 | 100 | 100 | |
13 |
440,933 | 532,025 | 494,014 | 451,605 | |
133 |
440,933 | 532,025 | 494,014 | 451,605 | |
17/49 |
458,628 | 563,996 | 276,909 | 266,688 | |
17 |
311,091 | 385,861 | 182,284 | 203,069 | |
170/4 |
311,091 | 385,861 | 182,284 | 203,069 | |
42/48 |
147,537 | 178,135 | 94,625 | 63,619 | |
42 |
77,700 | 79,200 | 20,800 | 19,400 | |
43 |
2,693 | 2,703 | 2,704 | 2,706 | |
430/8 |
2,693 | 2,703 | 2,704 | 2,706 | |
44 |
2,269 | 2,567 | 3,310 | 364 | |
440/4 |
2,269 | 2,567 | 3,310 | 364 | |
46 |
22,183 | 48,550 | 26,367 | - | |
45 |
42,692 | 45,115 | 41,444 | 41,149 | |
450/3 |
42,692 | 45,115 | 41,444 | 41,149 | |
| Income statement | |||||
9900 |
94,614 | 113,431 | 109,051 | 111,042 | |
630 |
39,082 | 37,427 | 35,560 | 35,560 | |
640/8 |
2,793 | 2,295 | 2,734 | 1,959 | |
66A |
911 | 1,288 | - | - | |
9901 |
51,828 | 72,421 | 70,757 | 73,523 | |
65/66B |
21,544 | 16,640 | 10,114 | 11,639 | |
65 |
21,544 | 16,640 | 10,114 | 11,639 | |
9903 |
30,284 | 55,781 | 60,643 | 61,884 | |
67/77 |
16,572 | 17,770 | 18,234 | 18,039 | |
9904 |
13,712 | 38,011 | 42,409 | 43,845 | |
9905 |
13,712 | 38,011 | 42,409 | 43,845 | |
| Appropriation of the result | |||||
9906 |
13,712 | 38,011 | 42,409 | 43,845 | |
791/2 |
104,804 | - | - | - | |
691/2 |
13,712 | 38,011 | 42,409 | 43,845 | |
6921 |
13,712 | 38,011 | 42,409 | 43,845 | |
694/7 |
104,804 | - | - | - | |
694 |
104,804 | - | - | - | |
| Document | |||||
The notes to these accounts have 8 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 08-10-2026.
2025 annual accounts filed 69 days after the deadline. Filed on 8 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00551345.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 90,910 | 109,848 | 106,317 | 109,083 | ||
| 52,794 | 75,438 | 77,969 | 79,405 | ||
| -911 | 30,492 | 0 | 659,162 | ||
| -85,850 | 18,566 | 34,986 | - | ||
| 310,037 | 435,906 | 186,095 | 128,911 | ||
| 49.0% | 48.5% | 64.1% | 62.9% | ||
| 3.10 | 3.45 | 2.97 | 3.03 | ||
| 1.04 | 1.06 | 0.56 | 0.59 | ||
| 3.1% | 7.1% | 8.6% | 9.7% | ||
| 1.5% | 3.5% | 5.5% | 6.1% | ||
| 4.22 | 6.60 | 10.51 | 9.37 |
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 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €30,492 | - | €659,162 |
| €39,082 | €37,427 | €35,560 | €35,560 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 28% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total falls from 51.5% to 51.0%. Equity and debt are lower.
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| - registered office Kerkstraat 243, 1851 Grimbergen | 01-01-2008 | 2.167.858.839 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23036A0081/00G000 | 2,176 m² | 1 · 158 m² | 12.1 m · 1 |
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