RD CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of RD CONCEPT is 2.4% (moderate). The 2025 annual accounts show equity of €525 and a net result of €11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 7500 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability97▲+97
Solvency26▲+26
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 7500 sector peers (2025).
NBB · sector comparisonPosition among 7500 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
28 d late
2024
on the day
2023
17 d early
2022
17 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€525
2024 · €-11k
2022: €5khighest in 4 years
2023: €-6k▼ -218% vs 2022
2024: €-11k▼ -90.1% vs 2023lowest in 4 years
2025: €525▲ +105% vs 2024
2022 → 2025
Total assets
€51k▲ 119%
2024 · €23k
2022: €48k
2023: €48k▼ -0.1% vs 2022
2024: €23k▼ -51.9% vs 2023lowest in 4 years
2025: €51k▲ +119% vs 2024highest in 4 years
2022 → 2025
Net result
€11k
2024 · €-5k
2022: €4k
2023: €-11k▼ -354% vs 2022lowest in 4 years
2024: €-5k▲ +51.3% vs 2023
2025: €11k▲ +321% vs 2024highest in 4 years
2022 → 2025
Working capital
€4k
2024 · €-12k
2022: €4k
2023: €-6k▼ -254% vs 2022
2024: €-12k▼ -89.5% vs 2023lowest in 4 years
2025: €4k▲ +137% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€5k-€-6k€-11k▼ 90.1%€525
2022: €5khighest in 4 years
2023: €-6k▼ -218% vs 2022
2024: €-11k▼ -90.1% vs 2023lowest in 4 years
2025: €525▲ +105% vs 2024
Operating result€7k-€-7k€-2k▲ 69.7%€17k
2022: €7k
2023: €-7k▼ -193% vs 2022lowest in 4 years
2024: €-2k▲ +69.7% vs 2023
2025: €17k▲ +945% vs 2024highest in 4 years
Net result€4k-€-11k€-5k▲ 51.3%€11k
2022: €4k
2023: €-11k▼ -354% vs 2022lowest in 4 years
2024: €-5k▲ +51.3% vs 2023
2025: €11k▲ +321% vs 2024highest in 4 years
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 2025: €17k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51k
Fixed assets
€2k ▲ 236%
Current assets
€48k ▲ 115%
Equity and liabilities €51k
Equity
€525
Debt
€50k
Debt finances 99.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€19k▲
2024 · €-2k
Cash flow
€13k▲
2024 · €-5k
Current ratio
1.10▲
2024 · 0.66
ROA
22.4%▲
2024 · -22.2%
Interest coverage
6.05▲
2024 · -0.56
Debt ≤ 1 year
€44k▲
2024 · €34k
Income taxes
€3k▲
2024 · €63
Equity ratios withheld: equity of €525 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€23k€51k▲
Fixed assets21/28€671€2k▲
Tangible fixed assets22/27€671€2k▲
Plant, machinery and equipment23€563€2k▲
Furniture and vehicles24€108-
Current assets29/58€23k€48k▲
Amounts receivable within one year40/41€22k€44k▲
Trade receivables40€1k€22k▲
Other amounts receivable41€21k€22k▲
Cash at bank and in hand54/58€300€4k▲
Deferred charges and accrued income490/1€23-
Equity and liabilities
Total equity and liabilities10/49€23k€51k▲
Equity10/15€-11k€525▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-12k€-975▲
Amounts payable17/49€34k€50k▲
Amounts payable within one year42/48€34k€44k▲
Financial debts43€28k€21k▼
Credit institutions430/8€28k€21k▼
Trade debts44€6k€18k▲
Suppliers440/4€6k€18k▲
Taxes, remuneration and social security45€590€6k▲
Taxes450/3€590€6k▲
Accrued charges and deferred income492/3-€6k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€360€1k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k-
Other operating charges640/8€5k€4k▼
Gross operating margin9900€4k€22k▲
Operating profit (loss)9901€-2k€17k▲
Financial income75/76B€6€5▼
Recurring financial income75€6€5▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-5k€14k▲
Income taxes67/77€63€3k▲
Profit (loss) for the period9904€-5k€11k▲
Profit (loss) for the period to be appropriated9905€-5k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-975▲
Profit (loss) brought forward from the previous period14P€-7k€-12k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €538 | €360 | €1k | ▲ 224% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1k | - | - |
| Other operating charges640/8 | €1k | €5k | €5k | €4k | ▼ 26.8% |
| Gross operating margin9900 | €9k | €-1k | €4k | €22k | ▲ 422% |
| Operating profit (loss)9901 | €7k | €-7k | €-2k | €17k | ▲ 945% |
| Financial income75/76B | €0 | €62 | €6 | €5 | ▼ 13.3% |
| Recurring financial income75 | €0 | €62 | €6 | €5 | ▼ 13.3% |
| Financial charges65/66B | €1k | €4k | €3k | €3k | ▲ 1.7% |
| Recurring financial charges65 | €1k | €4k | €3k | €3k | ▲ 1.7% |
| Profit (loss) for the period before taxes9903 | €6k | €-10k | €-5k | €14k | ▲ 383% |
| Income taxes67/77 | €2k | €132 | €63 | €3k | ▲ 4,667% |
| Profit (loss) for the period9904 | €4k | €-11k | €-5k | €11k | ▲ 321% |
| Profit (loss) for the period to be appropriated9905 | €4k | €-11k | €-5k | €11k | ▲ 321% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €48k | €48k | €23k | €51k | ▲ 119% |
| Formation expenses20 | €274 | - | - | - | - |
| Fixed assets21/28 | €636 | €372 | €671 | €2k | ▲ 236% |
| Tangible fixed assets22/27 | €636 | €372 | €671 | €2k | ▲ 236% |
| Plant, machinery and equipment23 | - | - | €563 | €2k | ▲ 300% |
| Furniture and vehicles24 | €636 | €372 | €108 | - | - |
| Current assets29/58 | €47k | €48k | €23k | €48k | ▲ 115% |
| Amounts receivable within one year40/41 | €40k | €43k | €22k | €44k | ▲ 98.8% |
| Trade receivables40 | €30k | €23k | €1k | €22k | ▲ 1,566% |
| Other amounts receivable41 | €10k | €20k | €21k | €22k | ▲ 3.8% |
| Cash at bank and in hand54/58 | €7k | €4k | €300 | €4k | ▲ 1,348% |
| Deferred charges and accrued income490/1 | €793 | €1k | €23 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €48k | €48k | €23k | €51k | ▲ 119% |
| Equity10/15 | €5k | €-6k | €-11k | €525 | ▲ 105% |
| Contributions10/11 | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €3k | €-7k | €-12k | €-975 | ▲ 92.1% |
| Amounts payable17/49 | €43k | €54k | €34k | €50k | ▲ 47.5% |
| Amounts payable within one year42/48 | €43k | €54k | €34k | €44k | ▲ 29.9% |
| Financial debts43 | €26k | €26k | €28k | €21k | ▼ 24.2% |
| Credit institutions430/8 | €26k | €26k | €28k | €21k | ▼ 24.2% |
| Trade debts44 | €10k | €22k | €6k | €18k | ▲ 202% |
| Suppliers440/4 | €10k | €22k | €6k | €18k | ▲ 202% |
| Taxes, remuneration and social security45 | €7k | €6k | €590 | €6k | ▲ 845% |
| Taxes450/3 | €6k | €6k | €590 | €6k | ▲ 845% |
| Remuneration and social security454/9 | €200 | - | - | - | - |
| Other amounts payable47/48 | €560 | €560 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €6k | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €-11k | €-5k | €11k | ▲ 321% |
| + Depreciation and write-downs630 | €1k | €538 | €360 | €1k | ▲ 224% |
| Operating cash flow (approximation) | €5k | €-10k | €-5k | €13k | ▲ 362% |
| Investment in fixed assets (approximation) | - | €-274 | €-659 | €-3k | ▼ 317% |
| Change in cash | - | €-3k | €-3k | €4k | ▲ 222% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Merbes-le-Château · 1 establishment unit since 2022
Ground area
608 m²
Building footprint
40 m²
Volume, LiDAR
379 m³
Parcel 56025A0343/00S004, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
RD CONCEPT
since 20222.330.036.109
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56025A0343/00S004 | Wallonia | 608 m² | 1 · 40 m² | 11.1 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.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 1,056 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
Founded31-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43910Bricklaying and masonry work
Contact
E-mail
remy.durant@r-d-concept.comMerbes-le-Château
Phone
0473692018Merbes-le-Château
Scores and ratios are computed by Checked and are not a credit decision.