RC WORKS
ActiveSummary
The computed 12-month bankruptcy probability of RC WORKS is 3.6% (moderate). The 2024 annual accounts show equity of €12,159 and a net result of -€525. Its solvency ranks better than 12% of 36381 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,301 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a small loss
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 1,301 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.
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,550 | €30,888 | ▲ 98.6% |
| Other operating charges640/8 | €495 | €108 | ▼ 78.2% |
| Gross operating margin9900 | €31,319 | €39,747 | ▲ 26.9% |
| Operating profit (loss)9901 | €15,274 | €8,751 | ▼ 42.7% |
| Financial charges65/66B | €4,338 | €9,276 | ▲ 114% |
| Recurring financial charges65 | €4,338 | €9,276 | ▲ 114% |
| Profit (loss) for the period before taxes9903 | €10,936 | -€525 | ▼ 105% |
| Income taxes67/77 | €2,252 | - | - |
| Profit (loss) for the period9904 | €8,684 | -€525 | ▼ 106% |
| Profit (loss) for the period to be appropriated9905 | €8,684 | -€525 | ▼ 106% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €211,295 | €188,868 | ▼ 10.6% |
| Fixed assets21/28 | €201,890 | €171,002 | ▼ 15.3% |
| Tangible fixed assets22/27 | €201,890 | €171,002 | ▼ 15.3% |
| Furniture and vehicles24 | €201,890 | €171,002 | ▼ 15.3% |
| Current assets29/58 | €9,405 | €17,866 | ▲ 90.0% |
| Amounts receivable within one year40/41 | €8,504 | €15,979 | ▲ 87.9% |
| Trade receivables40 | €6,564 | €14,479 | ▲ 121% |
| Other amounts receivable41 | €1,940 | €1,500 | ▼ 22.7% |
| Cash at bank and in hand54/58 | €477 | €1 | ▼ 99.7% |
| Deferred charges and accrued income490/1 | €424 | €1,886 | ▲ 345% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €211,295 | €188,868 | ▼ 10.6% |
| Equity10/15 | €12,684 | €12,159 | ▼ 4.1% |
| Contributions10/11 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €8,684 | €8,159 | ▼ 6.0% |
| Amounts payable17/49 | €198,611 | €176,709 | ▼ 11.0% |
| Amounts payable after more than one year17 | €133,775 | €99,048 | ▼ 26.0% |
| Financial debts170/4 | €133,775 | €99,048 | ▼ 26.0% |
| Amounts payable within one year42/48 | €64,836 | €75,956 | ▲ 17.2% |
| Current portion of amounts payable after more than one year42 | €32,825 | €34,727 | ▲ 5.8% |
| Financial debts43 | - | €2,441 | - |
| Credit institutions430/8 | - | €2,441 | - |
| Trade debts44 | €13,740 | €4,116 | ▼ 70.0% |
| Suppliers440/4 | €13,740 | €4,116 | ▼ 70.0% |
| Taxes, remuneration and social security45 | €5,834 | €9,861 | ▲ 69.0% |
| Taxes450/3 | €5,834 | €9,861 | ▲ 69.0% |
| Other amounts payable47/48 | €12,436 | €24,810 | ▲ 99.5% |
| Accrued charges and deferred income492/3 | - | €1,705 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €8,684 | -€525 | ▼ 106% |
| + Depreciation and write-downs630 | €15,550 | €30,888 | ▲ 98.6% |
| Operating cash flow (approximation) | €24,234 | €30,363 | ▲ 25.3% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€476 | - |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71033A0249/00L000 | Flanders | 540 m² | - | - |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.