Equity
€12,058 from €53,616 in 2022
Equity fell by 78% in 3 years.
RD PROJECTS
Lifetime
4 annual accounts with figures on one time axispeak €64,821 (2022)
€36,324▼ 9.5%
lowest -€25,374 (2025)
-€25,374▼ €9,554
peak €53,616 (2022)
€12,058▼ 67.8%
€529,787▼ 3.4%
Board2 names since 2021
1 directorDidier Ravelingien
Documentsfilings and deeds
15-06-202646 days before the deadline
2025micro format
Loss of €25,374Equity from €37,433 to €12,058
Key points
from the 2025 annual accountsLosses
-€41,558 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Turnover
≈ €59,000 estimated
The micro format states no turnover.
Debts
€529,787 98% of the balance sheet
Financial debts 35%Suppliers 0%Taxes and wages 1%Other 64%
Of this, €304,025 falls due within a year.
Filings
4 annual accounts since 2022
The last four annual accounts were filed 20 to 51 days before the end of the period.
Position in the sector
-€25,374
Lower net result than 86% of companies in real estate. Sector median €5,994 · 17,181 companies.
Checked score
54
Fair
Financially stronger than 23% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.3%▼ -0.1 percentage points vs 03-2025
05-2025: 0.4%▲ +0.1 percentage points vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.3%▼ -0.1 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025lowest value
09-2025: 0.3%● unchanged vs 08-2025lowest value
10-2025: 0.3%● unchanged vs 09-2025lowest value
11-2025: 0.3%● unchanged vs 10-2025lowest value
12-2025: 0.3%● unchanged vs 11-2025lowest value
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.4%▲ +0.1 percentage points vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.1 percentage points vs 07-2026
09-2026: 0.7%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 0.3%▼ -0.4 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Liquidity: current ratio 0.02, cash €3,888
lowers risk
Size: total assets €541,845
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 15-06-2026)
Calculation
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 68, micro). It does better than 22% of them on solvency, 17% on liquidity, 45% on profitability and 9% on growth.
The bankruptcy probability was computed on 08-11-2026 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).
Comparable companies, two years later
In July 2024, 819 companies had the same profile as RD PROJECTS has now. Each dot stands for 3 companies, two years later.
94.7%
were still trading
3.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of RD PROJECTS itself is lower: 0.3% within 12 months. It rests on far more data about RD PROJECTS than the profile alone.
Test of the method
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 819 companies, not a prediction for RD PROJECTS. 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.
Credit verdict
Credit of up to €500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.02 (0.02 in 2024), below 1. Short-term debt is 56.1% and cash 0.7% of total assets. 97.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€25,374
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 17190 sector peers (2025).
NBB · sector comparisonPosition among 17190 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
46 days early
2024
51 days early
2023
44 days early
2022
20 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 40 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 June (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0772802760
Resignation: Fleur Debeuf (director)
Appointment: Didier Ravelingien (director) · General meeting of 18-04-2024 · Gazette deed
Resignation: Didier Ravelingien (director)
Appointment: Debeuf Fleur (director) · Gazette deed
Incorporation
Demerger: KAARSEN BOUCKAERT splits off to RD PROJECTS · Appointment: RAVELINGIEN Didier (director) · Registered office clause: Paul Wielemansstraat 1, 8570 Anzegem · published on 31-08-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RD PROJECTS Anzegem | €541,845 | €36,324 | 2.2% | - |
| MAISON G Waregem | €496,644 | €32,503 | 17.7% | - |
| Callsimmo Waregem | €559,490 | €44,839 | 8.4% | - |
| GGC-INVEST Bruges | €515,878 | €47,335 | 6.7% | - |
| Steengoed Schilde | €521,006 | €37,050 | -13.3% | - |
| HÄLSA CORPORATION Ixelles | €521,188 | €39,636 | -15.7% | - |
| SENS & SANTÉ IMMO Wanze | €484,399 | €36,655 | 4.4% | - |
These companies have the same main activity as RD PROJECTS: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €484,000 and €559,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 19-08-2021Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 1 other
- Establishment unit
- 2.321.313.5328570 Anzegem, since 19-08-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 25-08-2025
Annual accounts 2025
- €541,845▼ 7.5%
- Filing
- Filed on 15-06-2026, 46 days before the end of the filing period
Insights on RD PROJECTS
RD PROJECTS files the micro format. That format states no turnover. The gross margin fell from €64,821 in 2022 to €36,324 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RD PROJECTS
- What is the company number of RD PROJECTS?
- The company number of RD PROJECTS is 0772.802.760. The VAT number is the same number with BE in front: BE 0772.802.760.
- Where is RD PROJECTS based?
- The registered office is at Paul Wielemansstraat 1, 8570 Anzegem.Company details
- What does RD PROJECTS do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of RD PROJECTS?
- RD PROJECTS is a private limited company (BV).
- When was RD PROJECTS founded?
- RD PROJECTS was founded on 19-08-2021.
- Is RD PROJECTS still active?
- Yes, RD PROJECTS is an active enterprise in the KBO register.
- What is the turnover of RD PROJECTS?
- The turnover in financial year 2025 is ≈ €59,000. This figure is estimated from the gross margin of €36,324 and 51 comparable companies (NACE 682). It probably lies between €44,000 and €86,000.Financials
- Is RD PROJECTS profitable?
- In financial year 2025, RD PROJECTS made a loss of €25,374.
- Where can I find the annual accounts of RD PROJECTS?
- RD PROJECTS filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RD PROJECTS due?
- RD PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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