Debts
€13,929 77% of the balance sheet
Financial debts 36%Suppliers 46%Taxes and wages 11%Other 7%
RD2
Lifetime
6 annual accounts with figures on one time axisGross marginpeak €16,468 (2020)
€535▼ 96.0%
Resultlowest -€14,089 (2025)
-€14,089▼ €17,700
Equitypeak €18,344 (2024)
€4,255▼ 76.8%
Debts
€13,929▼ 17.6%
Board1 name since 2019
1 directorDELARGE Roger
Documentsfilings and deeds
26-10-202687 days late
2025micro format
Gross margin from €13,514 to €535Loss of €14,089Equity from €18,344 to €4,255Debts from €16,914 to €13,929Cash from €206 to €858
Key points
from the 2025 annual accountsFilings
6 annual accounts 87 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€14,089
Lower net result than 90% of companies in specialised construction. Sector median €10,197 · 35,048 companies.
Checked score
47
Fair
Financially stronger than 11% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,692 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.8%
01-2025: 1.7%▼ -0.1 percentage points vs 12-2024
02-2025: 1.7%● unchanged vs 01-2025
03-2025: 1.7%● unchanged vs 02-2025
04-2025: 1.8%▲ +0.1 percentage points vs 03-2025
05-2025: 1.9%▲ +0.1 percentage points vs 04-2025
06-2025: 2.0%▲ +0.1 percentage points vs 05-2025
07-2025: 2.0%● unchanged vs 06-2025
08-2025: 2.5%▲ +0.5 percentage points vs 07-2025
09-2025: 1.5%▼ -1.0 percentage point vs 08-2025
10-2025: 1.5%● unchanged vs 09-2025
11-2025: 1.5%● unchanged vs 10-2025
12-2025: 1.6%▲ +0.1 percentage points vs 11-2025
01-2026: 1.5%▼ -0.1 percentage points vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.4%▼ -0.1 percentage points vs 02-2026lowest value
04-2026: 1.5%▲ +0.1 percentage points vs 03-2026
05-2026: 1.5%● unchanged vs 04-2026
06-2026: 1.4%▼ -0.1 percentage points vs 05-2026
07-2026: 1.5%▲ +0.1 percentage points vs 06-2026
08-2026: 2.1%▲ +0.6 percentage points vs 07-2026
09-2026: 2.3%▲ +0.2 percentage points vs 08-2026
10-2026: 3.4%▲ +1.1 percentage points vs 09-2026highest value
11-2026: 3.4%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 87 days late; 1 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
Loss of €14,089 (financial year 2025)
lowers risk
Size: total assets €18,184
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 43, micro). It does better than 25% of them on solvency, 8% on liquidity, 4% on profitability and 5% on growth.
The bankruptcy probability was computed on 05-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 1,133 companies had the same profile as RD2 has now. Each dot stands for 3 companies, two years later.
86.4%
were still trading
6.6%
stopped another way
6.4%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RD2 itself: 3.4% within 12 months.
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 1,133 companies, not a prediction for RD2. 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
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.21 (1.49 in 2024), below the usual 1.5. Short-term debt is 76.6% and cash 4.7% of total assets. 76.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 87 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-10-2026, 87 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
87 days late
2024
27 days late
2023
23 days late
2022
25 days late
2021
9 days early
2020
26 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 30 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 25 August (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0738802775
Registered office moved from Neupré to Nandrin
New registered office: Rue des Peupliers 14, 4550 Nandrin · Previous registered office: Rue Bout de Rotheux 3 bte A, 4120 Neupré · General meeting of 28-01-2021 · Gazette deed
First establishment
Rue Bout-de-Rotheux 3, Neupré
Incorporation
published on 10-12-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| RD2 Nandrin | €18,184 | €535 | 23.4% | - |
| AMG CONSTRUCT Zaventem | €17,801 | -€1,067 | -19.1% | - |
| WAUCONSTRUCTION Thimister-Clermont | €13,276 | -€7,736 | -117.1% | - |
| Liff BV Beerse | €17,040 | €779 | 26.6% | - |
| MORILLAS & FILS Schaerbeek | €22,154 | -€39,480 | -147.6% | - |
| MC Bati Group Morlanwelz | €14,203 | €1,135 | 22.3% | - |
| GB Construction Seraing | €28,895 | -€4,230 | -41.1% | - |
These companies have the same main activity as RD2: bricklaying and masonry work (NACE 43910). They are comparable in size and age: total assets between €13,300 and €28,900, founded between 2018 and 2021.
Official details
Source: KBO- Status
- Active since 06-12-2019Normal situation
- Activity
- Bricklaying and masonry workNACE 43910and 5 others
- Establishment unit
- 2.297.725.4094120 Neupré, since 01-01-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2025
Annual accounts 2025
- Turnover
- ≈ €7,100estimated
- Total assets
- €18,184▼ 48.4%
- Filing
- Filed on 26-10-2026
Insights on RD2
RD2 files the micro format. That format states no turnover. The gross margin fell from €16,468 in 2020 to €535 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 RD2
- What is the company number of RD2?
- The company number of RD2 is 0738.802.775. The VAT number is the same number with BE in front: BE 0738.802.775.
- Where is RD2 based?
- The registered office is at Rue des Peupliers 14, 4550 Nandrin.Company details
- What does RD2 do?
- According to the KBO register, the main activity is bricklaying and masonry work (NACE 43910).
- What is the legal form of RD2?
- RD2 is a private limited company (BV).
- When was RD2 founded?
- RD2 was founded on 06-12-2019.
- Is RD2 still active?
- Yes, RD2 is an active enterprise in the KBO register.
- What is the turnover of RD2?
- The turnover in financial year 2025 is ≈ €7,100. This figure is estimated from the gross margin of €535 and 212 comparable companies (NACE 439). It probably lies between €3,700 and €14,000. It is a rough estimate.Financials
- Is RD2 profitable?
- In financial year 2025, RD2 made a loss of €14,089.
- Where can I find the annual accounts of RD2?
- RD2 filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RD2 due?
- RD2 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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