RD GROUP
ActiveSummary
RD GROUP has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €-758. Equity is growing by ~43.2% per year across the filed fiscal years. Its solvency ranks better than 19% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▼-26
Solvency41=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.05 in 2024; short-term debt: 83.8% and cash: 11.6% of total assets), and 83.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.2%
Return on assets
-0.3%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
27 d early
2023
27 d early
2022
on the day
2021
17 d early
2020
5 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€39k▼ 1.9%
2024 · €40k
Total assets
€244k▼ 5.3%
2024 · €258k
Net result
€-758
2024 · €12k
Working capital
€21k▲ 81.3%
2024 · €12k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€50k▲ 250%€13k▼ 73.7%€28k▲ 114%€17k▼ 41.6%€-8k
Net result€39k▲ 238%€9k▼ 75.8%€18k▲ 91.3%€12k▼ 33.9%€-758
Equity€1k€10k▲ 898%€28k▲ 172%€40k▲ 41.8%€39k▼ 1.9%
Total assets€168k▼ 23.7%€380k▲ 127%€235k▼ 38.4%€258k▲ 9.9%€244k▼ 5.3%
Debt€167k▼ 35.3%€370k▲ 122%€206k▼ 44.3%€218k▲ 5.5%€205k▼ 6.0%
Working capital€-47k▲ 31.4%€-19k▲ 59.4%€9k€12k▲ 30.1%€21k▲ 81.3%
Staff (FTE)11=1.4▲ 40.0%1.4=1▼ 28.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8k after €17k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €244k
Fixed assets
€18k ▼ 36.2%
Current assets
€226k ▼ 1.5%
Equity and liabilities €244k
Equity
€39k ▼ 1.9%
Debt
€205k ▼ 6.0%
Debt's share of the balance-sheet total falls from 84.4% to 83.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2k▼
2024 · €26k
Cash flow
€10k▼
2024 · €21k
Current ratio
1.10▲
2024 · 1.05
Quick ratio
0.38▼
2024 · 0.48
Debt to equity
5.18▼
2024 · 5.41
ROE
-1.9%▼
2024 · 29.5%
ROA
-0.3%▼
2024 · 4.6%
Interest coverage
3.62▼
2024 · 309.21
Debt ≤ 1 year
€205k▼
2024 · €218k
Income taxes
€737▼
2024 · €5k
Staff costs
€48k▼
2024 · €68k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6k | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €24k | €39k | €62k | €68k | €48k | ▼ 28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €19k | €10k | €9k | €10k | ▲ 10.1% |
| Other operating charges640/8 | €443 | €1k | €3k | €1k | €585 | ▼ 46.4% |
| Non-recurring operating charges66A | €5k | €7k | - | - | - | - |
| Gross operating margin9900 | €101k | €79k | €104k | €95k | €51k | ▼ 46.0% |
| Operating profit (loss)9901 | €50k | €13k | €28k | €17k | €-8k | ▼ 150% |
| Financial income75/76B | €468 | €103 | €2k | €513 | €9k | ▲ 1,610% |
| Recurring financial income75 | €468 | €103 | €2k | €513 | €9k | ▲ 1,610% |
| Financial charges65/66B | €1k | €450 | €1k | €84 | €580 | ▲ 593% |
| Recurring financial charges65 | €1k | €450 | €1k | €84 | €580 | ▲ 593% |
| Profit (loss) for the period before taxes9903 | €50k | €13k | €29k | €17k | €-21 | ▼ 100% |
| Income taxes67/77 | €11k | €4k | €11k | €5k | €737 | ▼ 85.6% |
| Profit (loss) for the period9904 | €39k | €9k | €18k | €12k | €-758 | ▼ 106% |
| Profit (loss) for the period to be appropriated9905 | €39k | €9k | €18k | €12k | €-758 | ▼ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €168k | €380k | €235k | €258k | €244k | ▼ 5.3% |
| Fixed assets21/28 | €48k | €30k | €20k | €28k | €18k | ▼ 36.2% |
| Tangible fixed assets22/27 | €48k | €30k | €20k | €28k | €18k | ▼ 36.2% |
| Plant, machinery and equipment23 | €39k | €29k | €19k | €28k | €18k | ▼ 36.2% |
| Furniture and vehicles24 | €10k | €887 | €402 | - | - | - |
| Current assets29/58 | €119k | €350k | €215k | €229k | €226k | ▼ 1.5% |
| Stocks and contracts in progress3 | €14k | €25k | €97k | €126k | €148k | ▲ 17.7% |
| Stocks30/36 | €14k | €25k | €97k | €126k | €148k | ▲ 17.7% |
| Amounts receivable within one year40/41 | €67k | €148k | €93k | €94k | €50k | ▼ 47.1% |
| Trade receivables40 | €66k | €148k | €56k | €93k | €49k | ▼ 47.1% |
| Other amounts receivable41 | €1k | €70 | €37k | €509 | €221 | ▼ 56.5% |
| Cash at bank and in hand54/58 | €37k | €45k | €25k | €10k | €28k | ▲ 185% |
| Deferred charges and accrued income490/1 | €1k | €133k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €168k | €380k | €235k | €258k | €244k | ▼ 5.3% |
| Equity10/15 | €1k | €10k | €28k | €40k | €39k | ▼ 1.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | - | - | €18k | €30k | €30k | = |
| Distributable reserves133 | - | - | €18k | €30k | €30k | = |
| Profit (loss) carried forward14 | €-5k | €4k | €4k | €4k | €3k | ▼ 17.9% |
| Amounts payable17/49 | €167k | €370k | €206k | €218k | €205k | ▼ 6.0% |
| Amounts payable within one year42/48 | €167k | €370k | €206k | €218k | €205k | ▼ 6.0% |
| Trade debts44 | €38k | €193k | €45k | €40k | €23k | ▼ 41.0% |
| Suppliers440/4 | €38k | €193k | €45k | €40k | €23k | ▼ 41.0% |
| Bills of exchange payable441 | - | €347 | €347 | - | - | - |
| Advances received on contracts in progress46 | €8k | €12k | €9k | - | - | - |
| Taxes, remuneration and social security45 | €19k | €31k | €68k | €15k | €14k | ▼ 7.5% |
| Taxes450/3 | €17k | €28k | €61k | €8k | €7k | ▼ 13.5% |
| Remuneration and social security454/9 | €2k | €2k | €7k | €7k | €7k | ▼ 0.5% |
| Other amounts payable47/48 | €101k | €133k | €83k | €163k | €167k | ▲ 2.7% |
| Accrued charges and deferred income492/3 | €0 | €507 | €348 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39k | €9k | €18k | €12k | €-758 | ▼ 106% |
| + Depreciation and write-downs630 | €21k | €19k | €10k | €9k | €10k | ▲ 10.1% |
| Operating cash flow (approximation) | €60k | €28k | €28k | €21k | €10k | ▼ 55.0% |
| Investment in fixed assets (approximation) | - | €-579 | €0 | €-18k | €0 | ▲ 100% |
| Change in cash | - | €8k | €-19k | €-15k | €18k | ▲ 218% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €39k ▲238%
Operating result €50k, net result €39k, both a record.
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 177 days late
15-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 533 days late
30-09
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Mouscron · 1 establishment unit since 2012
Ground area
2,235 m²
Building footprint
391 m²
Parcel 54003T0537/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
RD GROUP SPRL
since 20122.215.883.440
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54003T0537/00F000 | Wallonia | 2,235 m² | 1 · 391 m² | - |
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 15,521 companies in sector 43990 we hold annual accounts for 7,414. 5,925 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 (pre-2019)
Founded07-12-2012
Fiscal year end30-09
Activities, NACEBEL 2025
25120Manufacture of fabricated metal products, except machinery and equipment
43990Other specialised construction activities
25110Manufacture of metal structures and parts of structures
25402Manufacture of fabricated metal products, except machinery and equipment
25620Manufacture of fabricated metal products, except machinery and equipment
Contact
E-mail
david-raspilair@orange.frMouscron
Phone
0033608372134Mouscron
Scores and ratios are computed by Checked and are not a credit decision.