RCVI
ActiveSummary
The computed 12-month bankruptcy probability of RCVI is 2.1% (moderate). The 2024 annual accounts show equity of €63,540 and a net result of €16,933. Equity is growing by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 82% of 36381 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability94▲+30
Solvency100▲+12
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 4.03 against 2.63 in 2023; short-term debt: 23.7% and cash: 75.7% of total assets), and 23.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 30-08-2025, 30 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
91 d late
2022
on the day
2021
23 d early
2020
135 d late
2019
212 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 74 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€63,540▲ 34.0%
2023 · €47,406
Total assets
€83,237▲ 11.2%
2023 · €74,869
Net result
€16,933
2023 · -€3,144
Working capital
€59,719▲ 33.5%
2023 · €44,747
Trend over the years
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€21,224▲ 56.3%€1,499▼ 92.9%€24,114▲ 1,508%-€3,139€22,882
Net result€16,548within the sector's middle half▲ 58.8%€1,087within the sector's middle half▼ 93.4%€16,299within the sector's middle half▲ 1,400%-€3,144below the sector's middle half€16,933within the sector's middle half
Equity€33,165within the sector's middle half▲ 99.6%€34,252within the sector's middle half▲ 3.3%€50,551within the sector's middle half▲ 47.6%€47,406within the sector's middle half▼ 6.2%€63,540within the sector's middle half▲ 34.0%
Total assets€91,254within the sector's middle half▲ 25.2%€82,987within the sector's middle half▼ 9.1%€80,297within the sector's middle half▼ 3.2%€74,869within the sector's middle half▼ 6.8%€83,237within the sector's middle half▲ 11.2%
Debt€58,089▲ 3.3%€48,735▼ 16.1%€29,746▼ 39.0%€27,463▼ 7.7%€19,697▼ 28.3%
Working capital€27,552within the sector's middle half▲ 291%€30,484within the sector's middle half▲ 10.6%€45,169within the sector's middle half▲ 48.2%€44,747within the sector's middle half▼ 0.9%€59,719within the sector's middle half▲ 33.5%
Solvency36.3%within the sector's middle half▲ 13.5pp41.3%within the sector's middle half▲ 4.9pp63.0%within the sector's middle half▲ 21.7pp63.3%within the sector's middle half▲ 0.4pp76.3%above the sector's middle half▲ 13.0pp
Current ratio1.57within the sector's middle half▲ 0.411.72within the sector's middle half▲ 0.152.62within the sector's middle half▲ 0.902.63within the sector's middle half▲ 0.014.03above the sector's middle half▲ 1.40
Return on assets (ROA)18.1%above the sector's middle half▲ 3.8pp1.3%within the sector's middle half▼ 16.8pp20.3%above the sector's middle half▲ 19.0pp-4.2%below the sector's middle half▼ 24.5pp20.3%above the sector's middle half▲ 24.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 returns to profit in 2024: €22,882 after a loss of €3,139 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €83,237
Fixed assets
€3,820 ▲ 43.7%
Current assets
€79,417 ▲ 10.0%
Equity and liabilities €83,237
Equity
€63,540 ▲ 34.0%
Debt
€19,697 ▼ 28.3%
Debt's share of the balance-sheet total falls from 36.7% to 23.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,459▲
2023 · €1,433
Cash flow
€17,510▲
2023 · €1,427
Debt to equity
0.31▼
2023 · 0.58
ROE
26.6%▲
2023 · -6.6%
Interest coverage
158.50▲
2023 · 8.10
Debt ≤ 1 year
€19,697▼
2023 · €27,463
Income taxes
€6,749▲
2023 · €310
Staff costs
€723▲
2023 · €378
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% 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
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 26,975 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €378 | €723 | ▲ 91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,661 | €5,174 | €5,224 | €4,572 | €577 | ▼ 87.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €3,477 | - |
| Other operating charges640/8 | - | €1,188 | €1,143 | €1,318 | €937 | ▼ 28.9% |
| Gross operating margin9900 | €27,920 | €7,861 | €30,480 | €3,129 | €28,596 | ▲ 814% |
| Operating profit (loss)9901 | €21,224 | €1,499 | €24,114 | -€3,139 | €22,882 | ▲ 829% |
| Financial income75/76B | - | €1,083 | €656 | €482 | €949 | ▲ 97.0% |
| Recurring financial income75 | €1,330 | €1,083 | €656 | €482 | €949 | ▲ 97.0% |
| Financial charges65/66B | - | €291 | €844 | €177 | €148 | ▼ 16.3% |
| Recurring financial charges65 | €270 | €291 | €844 | €177 | €148 | ▼ 16.3% |
| Profit (loss) for the period before taxes9903 | €22,284 | €2,292 | €23,926 | -€2,834 | €23,683 | ▲ 936% |
| Income taxes67/77 | €5,737 | €1,205 | €7,627 | €310 | €6,749 | ▲ 2,074% |
| Profit (loss) for the period9904 | €16,548 | €1,087 | €16,299 | -€3,144 | €16,933 | ▲ 639% |
| Profit (loss) for the period to be appropriated9905 | €16,548 | €1,087 | €16,299 | -€3,144 | €16,933 | ▲ 639% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91,254 | €82,987 | €80,297 | €74,869 | €83,237 | ▲ 11.2% |
| Fixed assets21/28 | €15,210 | €10,037 | €7,231 | €2,659 | €3,820 | ▲ 43.7% |
| Tangible fixed assets22/27 | €15,210 | €10,037 | €7,231 | €2,659 | €3,820 | ▲ 43.7% |
| Plant, machinery and equipment23 | - | €1,410 | €942 | €533 | €936 | ▲ 75.7% |
| Furniture and vehicles24 | - | €8,626 | €3,921 | - | €1,000 | - |
| Other tangible fixed assets26 | - | - | €2,368 | €2,126 | €1,884 | ▼ 11.4% |
| Current assets29/58 | €76,044 | €72,950 | €73,066 | €72,210 | €79,417 | ▲ 10.0% |
| Stocks and contracts in progress3 | €5,000 | €865 | €2,360 | - | - | - |
| Stocks30/36 | - | €865 | €2,360 | - | - | - |
| Amounts receivable within one year40/41 | €28,293 | €27,217 | €30,960 | €27,123 | €16,411 | ▼ 39.5% |
| Trade receivables40 | - | €18,733 | €28,904 | €22,594 | €9,292 | ▼ 58.9% |
| Other amounts receivable41 | - | €8,484 | €2,056 | €4,529 | €7,119 | ▲ 57.2% |
| Cash at bank and in hand54/58 | €41,154 | €43,885 | €38,755 | €44,216 | €63,006 | ▲ 42.5% |
| Deferred charges and accrued income490/1 | - | €983 | €992 | €871 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91,254 | €82,987 | €80,297 | €74,869 | €83,237 | ▲ 11.2% |
| Equity10/15 | €33,165 | €34,252 | €50,551 | €47,406 | €63,540 | ▲ 34.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | €6,200 | €6,200 | - | - | - |
| Other1109/19 | - | €6,200 | €6,200 | - | - | - |
| Reserves13 | €26,965 | €28,052 | €44,351 | €44,351 | €57,340 | ▲ 29.3% |
| Non-distributable reserves130/1 | - | €521 | €521 | - | - | - |
| Reserves not available under the articles1311 | - | €521 | €521 | - | - | - |
| Distributable reserves133 | - | €27,531 | €43,830 | €44,351 | €57,340 | ▲ 29.3% |
| Profit (loss) carried forward14 | - | - | - | -€3,144 | - | - |
| Amounts payable17/49 | €58,089 | €48,735 | €29,746 | €27,463 | €19,697 | ▼ 28.3% |
| Amounts payable after more than one year17 | €8,837 | €4,952 | €999 | - | - | - |
| Financial debts170/4 | - | €4,952 | €999 | - | - | - |
| Amounts payable within one year42/48 | €48,492 | €42,466 | €27,898 | €27,463 | €19,697 | ▼ 28.3% |
| Current portion of amounts payable after more than one year42 | - | €3,885 | €3,953 | €999 | - | - |
| Trade debts44 | €7,376 | €2,710 | €2,979 | €9,013 | - | - |
| Suppliers440/4 | - | €2,710 | €2,979 | €9,013 | - | - |
| Taxes, remuneration and social security45 | - | €6,963 | €10,486 | €8,640 | €18,500 | ▲ 114% |
| Taxes450/3 | - | €6,963 | €8,886 | €640 | €7,300 | ▲ 1,040% |
| Remuneration and social security454/9 | - | - | €1,600 | €8,000 | €11,200 | ▲ 40.0% |
| Other amounts payable47/48 | - | €28,908 | €10,480 | €8,810 | €1,198 | ▼ 86.4% |
| Accrued charges and deferred income492/3 | - | €1,317 | €850 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,548 | €1,087 | €16,299 | -€3,144 | €16,933 | ▲ 639% |
| + Depreciation and write-downs630 | €5,661 | €5,174 | €5,224 | €4,572 | €577 | ▼ 87.4% |
| Operating cash flow (approximation) | €22,209 | €6,261 | €21,523 | €1,427 | €17,510 | ▲ 1,127% |
| Investment in fixed assets (approximation) | - | €0 | -€2,418 | €0 | -€1,738 | - |
| Change in cash | - | €2,731 | -€5,130 | €5,461 | €18,790 | ▲ 244% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €16,933
Net result €16,933 after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
31-12
Financial
Weakest financial yearnet -€3,144
Net result drops to -€3,144, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 135 days late
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 212 days late
Financial milestoneNBB 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.
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Directors · office · real estate
Directors
2 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, Houthalen-Helchteren · 1 establishment unit since 2018
Ground area
493 m²
Building footprint
179 m²
Volume, LiDAR
668 m³
Parcel 72014D0366/00A005, Flanders · tallest building 9.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RCVI
since 20182.281.729.416
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72014D0366/00A005 | Flanders | 493 m² | 1 · 179 m² | 9.0 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.
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Of 7,044 companies in sector 43221 we hold annual accounts for 3,477. 3,029 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
Founded15-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
46150Agents in the wholesale of furniture, household goods and hardware
E-invoicing
Reachable via Peppol
Peppol ID
0208:0713592673
Also
9925:BE0713592673
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.