RD PROJECTS
ActiveSummary
RD PROJECTS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37k and a net result of €-16k. Equity is shrinking by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability51▼-14
Solvency31▼-7
Growth32=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.11 in 2023; short-term debt: 43.9% and cash: 0.5% of total assets), and 93.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
6.4%
Return on assets
-2.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-16k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
44 d early
2022
20 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€37k▼ 29.7%
2023 · €53k
2022: €54khighest in 3 years
2023: €53k▼ -0.7% vs 2022
2024: €37k▼ -29.7% vs 2023lowest in 3 years
2022 → 2024
Total assets
€586k▲ 38.0%
2023 · €424k
2022: €462k
2023: €424k▼ -8.2% vs 2022lowest in 3 years
2024: €586k▲ +38.0% vs 2023highest in 3 years
2022 → 2024
Net result
€-16k▼ 4,253%
2023 · €-363
2022: €356highest in 3 years
2023: €-363▼ -202% vs 2022
2024: €-16k▼ -4253% vs 2023lowest in 3 years
2022 → 2024
Working capital
€-253k▼ 386%
2023 · €-52k
2022: €-33khighest in 3 years
2023: €-52k▼ -57.3% vs 2022
2024: €-253k▼ -386% vs 2023lowest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€54k-€53k▼ 0.7%€37k▼ 29.7%
2022: €54khighest in 3 years
2023: €53k▼ -0.7% vs 2022
2024: €37k▼ -29.7% vs 2023lowest in 3 years
Operating result€9k-€6k▼ 39.5%€-7k
2022: €9khighest in 3 years
2023: €6k▼ -39.5% vs 2022
2024: €-7k▼ -232% vs 2023lowest in 3 years
Net result€356-€-363€-16k▼ 4,253%
2022: €356highest in 3 years
2023: €-363▼ -202% vs 2022
2024: €-16k▼ -4253% vs 2023lowest in 3 years
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 2024: a loss of €7k after €6k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €586k
Fixed assets
€581k ▲ 39.0%
Current assets
€4k ▼ 29.2%
Equity and liabilities €586k
Equity
€37k ▼ 29.7%
Debt
€548k ▲ 47.7%
Debt's share of the balance-sheet total rises from 87.5% to 93.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€34k▲
2023 · €34k
Cash flow
€26k▼
2023 · €28k
Current ratio
0.02▼
2023 · 0.11
Debt to equity
14.65▲
2023 · 6.97
ROE
-42.3%▼
2023 · -0.7%
ROA
-2.7%▼
2023 · -0.1%
Interest coverage
4.23▼
2023 · 5.62
Debt ≤ 1 year
€257k▲
2023 · €58k
Debt > 1 year
€286k▼
2023 · €310k
Income taxes
€304▲
2023 · €0
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 · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€424k€586k▲
Fixed assets21/28€418k€581k▲
Tangible fixed assets22/27€418k€491k▲
Land and buildings22€418k€393k▼
Furniture and vehicles24-€99k
Financial fixed assets28-€90k
Current assets29/58€6k€4k▼
Cash at bank and in hand54/58€6k€3k▼
Deferred charges and accrued income490/1€584€1k▲
Equity and liabilities
Total equity and liabilities10/49€424k€586k▲
Equity10/15€53k€37k▼
Contributions10/11€31k€31k=
Reserves13€22k€6k▼
Distributable reserves133€22k€6k▼
Amounts payable17/49€371k€548k▲
Amounts payable after more than one year17€310k€286k▼
Financial debts170/4€280k€233k▼
Other amounts payable178/9€30k€53k▲
Amounts payable within one year42/48€58k€257k▲
Current portion of amounts payable after more than one year42€47k€47k▲
Trade debts44€1k€158▼
Suppliers440/4€1k€158▼
Taxes, remuneration and social security45€124€604▲
Taxes450/3€124€604▲
Other amounts payable47/48€10k€209k▲
Accrued charges and deferred income492/3€3k€6k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€42k▲
Other operating charges640/8€6k€6k▲
Gross operating margin9900€40k€40k▲
Operating profit (loss)9901€6k€-7k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€-363€-16k▼
Income taxes67/77€0€304▲
Profit (loss) for the period9904€-363€-16k▼
Profit (loss) for the period to be appropriated9905€-363€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-363€-16k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€363€16k▲
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48k | €28k | €42k | ▲ 47.7% |
| Other operating charges640/8 | €7k | €6k | €6k | ▲ 4.5% |
| Gross operating margin9900 | €65k | €40k | €40k | ▲ 1.5% |
| Operating profit (loss)9901 | €9k | €6k | €-7k | ▼ 232% |
| Financial income75/76B | - | - | €1 | - |
| Recurring financial income75 | - | - | €1 | - |
| Financial charges65/66B | €9k | €6k | €8k | ▲ 34.1% |
| Recurring financial charges65 | €9k | €6k | €8k | ▲ 34.1% |
| Profit (loss) for the period before taxes9903 | €480 | €-363 | €-16k | ▼ 4,169% |
| Income taxes67/77 | €124 | €0 | €304 | - |
| Profit (loss) for the period9904 | €356 | €-363 | €-16k | ▼ 4,253% |
| Profit (loss) for the period to be appropriated9905 | €356 | €-363 | €-16k | ▼ 4,253% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €462k | €424k | €586k | ▲ 38.0% |
| Fixed assets21/28 | €447k | €418k | €581k | ▲ 39.0% |
| Tangible fixed assets22/27 | €447k | €418k | €491k | ▲ 17.5% |
| Land and buildings22 | €447k | €418k | €393k | ▼ 6.1% |
| Furniture and vehicles24 | - | - | €99k | - |
| Financial fixed assets28 | - | - | €90k | - |
| Current assets29/58 | €16k | €6k | €4k | ▼ 29.2% |
| Cash at bank and in hand54/58 | €15k | €6k | €3k | ▼ 45.1% |
| Deferred charges and accrued income490/1 | €509 | €584 | €1k | ▲ 121% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €462k | €424k | €586k | ▲ 38.0% |
| Equity10/15 | €54k | €53k | €37k | ▼ 29.7% |
| Contributions10/11 | €31k | €31k | €31k | = |
| Reserves13 | €22k | €22k | €6k | ▼ 72.1% |
| Distributable reserves133 | €22k | €22k | €6k | ▼ 72.1% |
| Amounts payable17/49 | €409k | €371k | €548k | ▲ 47.7% |
| Amounts payable after more than one year17 | €357k | €310k | €286k | ▼ 7.9% |
| Financial debts170/4 | €327k | €280k | €233k | ▼ 16.9% |
| Other amounts payable178/9 | €30k | €30k | €53k | ▲ 76.7% |
| Amounts payable within one year42/48 | €49k | €58k | €257k | ▲ 342% |
| Current portion of amounts payable after more than one year42 | €46k | €47k | €47k | ▲ 1.2% |
| Trade debts44 | - | €1k | €158 | ▼ 89.0% |
| Suppliers440/4 | - | €1k | €158 | ▼ 89.0% |
| Taxes, remuneration and social security45 | €124 | €124 | €604 | ▲ 388% |
| Taxes450/3 | €124 | €124 | €604 | ▲ 388% |
| Other amounts payable47/48 | €3k | €10k | €209k | ▲ 2,029% |
| Accrued charges and deferred income492/3 | €3k | €3k | €6k | ▲ 79.1% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €356 | €-363 | €-16k | ▼ 4,253% |
| + Depreciation and write-downs630 | €48k | €28k | €42k | ▲ 47.7% |
| Operating cash flow (approximation) | €48k | €28k | €26k | ▼ 7.3% |
| Investment in fixed assets (approximation) | - | €0 | €-205k | - |
| Change in cash | - | €-10k | €-3k | ▲ 74.6% |
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
2026
13-07
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Anzegem · 1 establishment unit since 2021
Ground area
1,818 m²
Building footprint
260 m²
Volume, LiDAR
1,595 m³
Parcel 34038A0347/00W000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
RADICON
since 20212.321.313.532
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34038A0347/00W000 | Flanders | 1,818 m² | 1 · 260 m² | 9.9 m · 2 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.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 2,777 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
Founded19-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
Contact
E-mail
didier@radicon.beAnzegem
Scores and ratios are computed by Checked and are not a credit decision.