RDB Construct
ActiveSummary
RDB Construct has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81,400 and a net result of -€8,712. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 59% of 7524 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-86
Solvency78▼-22
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.22 against 3.73 in 2024; short-term debt: 35% and cash: 17.2% of total assets), and 47.4% of the assets are financed with debt.
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Signals
Four 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
52.6%
Return on assets
-5.6%
Age of the figures
9 mo
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 18-07-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
17 d early
2023
23 d early
2022
17 d early
2021
23 d early
2020
31 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€81,400▼ 27.7%
2024 · €112,652
Total assets
€154,826▲ 2.9%
2024 · €150,400
Net result
-€8,712
2024 · €38,106
Working capital
€65,913▼ 36.2%
2024 · €103,236
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-€27,653€39,717-€12,196€52,316-€3,033
Net result-€29,352€34,408-€17,198€38,106-€8,712
Equity€73,471▼ 28.5%€91,744▲ 24.9%€74,546▼ 18.7%€112,652▲ 51.1%€81,400▼ 27.7%
Total assets€144,169▼ 12.5%€139,579▼ 3.2%€133,417▼ 4.4%€150,400▲ 12.7%€154,826▲ 2.9%
Debt€70,698▲ 14.0%€47,835▼ 32.3%€58,871▲ 23.1%€37,749▼ 35.9%€73,426▲ 94.5%
Working capital€73,429▼ 22.5%€87,543▲ 19.2%€65,430▼ 25.3%€103,236▲ 57.8%€65,913▼ 36.2%
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 €3,033 after €52,316 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €154,826
Fixed assets
€34,672 ▲ 268%
Current assets
€120,153 ▼ 14.8%
Equity and liabilities €154,826
Equity
€81,400 ▼ 27.7%
Debt
€73,426 ▲ 94.5%
Debt's share of the balance-sheet total rises from 25.1% to 47.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1,846▼
2024 · €53,124
Cash flow
-€3,832▼
2024 · €38,914
Current ratio
2.22▼
2024 · 3.73
Debt to equity
0.90▲
2024 · 0.34
ROE
-10.7%▼
2024 · 33.8%
ROA
-5.6%▼
2024 · 25.3%
Interest coverage
0.24▼
2024 · 10.91
Debt ≤ 1 year
€54,240▲
2024 · €37,749
Debt > 1 year
€19,185
Income taxes
€405▼
2024 · €9,442
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 | - | €25,708 | €0 | - | €8,265 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,409 | €258 | €465 | €809 | €4,880 | ▲ 503% |
| Other operating charges640/8 | €128,775 | €3,418 | €2,128 | €2,303 | €2,932 | ▲ 27.3% |
| Gross operating margin9900 | €107,531 | €43,393 | -€9,604 | €55,428 | €4,778 | ▼ 91.4% |
| Operating profit (loss)9901 | -€27,653 | €39,717 | -€12,196 | €52,316 | -€3,033 | ▼ 106% |
| Financial income75/76B | €101 | €10 | €194 | €101 | €2,534 | ▲ 2,400% |
| Recurring financial income75 | €101 | €10 | €194 | €101 | €2,534 | ▲ 2,400% |
| Financial charges65/66B | €1,682 | €2,127 | €4,963 | €4,870 | €7,807 | ▲ 60.3% |
| Recurring financial charges65 | €1,682 | €2,127 | €4,963 | €4,870 | €7,807 | ▲ 60.3% |
| Profit (loss) for the period before taxes9903 | -€29,235 | €37,600 | -€16,966 | €47,547 | -€8,306 | ▼ 117% |
| Income taxes67/77 | €117 | €3,193 | €233 | €9,442 | €405 | ▼ 95.7% |
| Profit (loss) for the period9904 | -€29,352 | €34,408 | -€17,198 | €38,106 | -€8,712 | ▼ 123% |
| Profit (loss) for the period to be appropriated9905 | -€29,352 | €34,408 | -€17,198 | €38,106 | -€8,712 | ▼ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €144,169 | €139,579 | €133,417 | €150,400 | €154,826 | ▲ 2.9% |
| Fixed assets21/28 | €516 | €7,758 | €9,116 | €9,416 | €34,672 | ▲ 268% |
| Tangible fixed assets22/27 | €516 | €258 | €1,616 | €1,916 | €27,172 | ▲ 1,318% |
| Plant, machinery and equipment23 | €516 | €258 | €0 | - | - | - |
| Furniture and vehicles24 | €0 | - | €1,616 | €1,916 | €27,172 | ▲ 1,318% |
| Financial fixed assets28 | €0 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Current assets29/58 | €143,653 | €131,821 | €124,301 | €140,985 | €120,153 | ▼ 14.8% |
| Amounts receivable within one year40/41 | €105,415 | €109,518 | €115,219 | €126,736 | €91,059 | ▼ 28.2% |
| Trade receivables40 | €76,448 | €93,089 | €78,019 | €100,534 | €91,059 | ▼ 9.4% |
| Other amounts receivable41 | €28,967 | €16,429 | €37,200 | €26,202 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €37,554 | €20,821 | €8,205 | €13,392 | €26,669 | ▲ 99.1% |
| Deferred charges and accrued income490/1 | €684 | €1,483 | €877 | €856 | €2,425 | ▲ 183% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €144,169 | €139,579 | €133,417 | €150,400 | €154,826 | ▲ 2.9% |
| Equity10/15 | €73,471 | €91,744 | €74,546 | €112,652 | €81,400 | ▼ 27.7% |
| Contributions10/11 | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | €96,523 | €85,444 | €83,584 | €106,352 | €83,812 | ▼ 21.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €94,663 | €83,584 | €83,584 | €106,352 | €83,812 | ▼ 21.2% |
| Profit (loss) carried forward14 | -€29,352 | €0 | -€15,338 | €0 | -€8,712 | - |
| Amounts payable17/49 | €70,698 | €47,835 | €58,871 | €37,749 | €73,426 | ▲ 94.5% |
| Amounts payable after more than one year17 | - | €2,990 | €0 | - | €19,185 | - |
| Financial debts170/4 | - | €2,990 | €0 | - | €19,185 | - |
| Amounts payable within one year42/48 | €70,224 | €44,278 | €58,871 | €37,749 | €54,240 | ▲ 43.7% |
| Current portion of amounts payable after more than one year42 | €2,019 | €4,373 | €9,990 | €14,000 | €5,169 | ▼ 63.1% |
| Financial debts43 | - | - | €4 | €0 | - | - |
| Credit institutions430/8 | - | - | €4 | €0 | - | - |
| Trade debts44 | €32,858 | €7,052 | €30,640 | €21,265 | €11,071 | ▼ 47.9% |
| Suppliers440/4 | €32,858 | €7,052 | €30,640 | €21,265 | €11,071 | ▼ 47.9% |
| Taxes, remuneration and social security45 | €20,416 | €6,048 | €4,100 | €1,593 | €14,734 | ▲ 825% |
| Taxes450/3 | €20,416 | €3,116 | €203 | €1,593 | €14,734 | ▲ 825% |
| Remuneration and social security454/9 | €0 | €2,932 | €3,897 | €0 | - | - |
| Other amounts payable47/48 | €14,932 | €26,805 | €14,136 | €891 | €23,267 | ▲ 2,510% |
| Accrued charges and deferred income492/3 | €473 | €566 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,352 | €34,408 | -€17,198 | €38,106 | -€8,712 | ▼ 123% |
| + Depreciation and write-downs630 | €6,409 | €258 | €465 | €809 | €4,880 | ▲ 503% |
| Operating cash flow (approximation) | -€22,942 | €34,666 | -€16,734 | €38,914 | -€3,832 | ▼ 110% |
| Investment in fixed assets (approximation) | - | -€7,500 | -€1,822 | -€1,109 | -€30,136 | ▼ 2,618% |
| Change in cash | - | -€16,734 | -€12,616 | €5,187 | €13,278 | ▲ 156% |
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
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €38,106
Net result €38,106 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €112,652 ▲51.1%
Equity rises from €74,546 to €112,652.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €34,408
Net result €34,408 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€29,352
Net result drops to -€29,352, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €57,589 ▲97.4%
Operating result €83,251, net result €57,589, both a record.
31-12
Financial
Equity above €100,000Eq €102,823 ▲120%
2 profitable years in a row build equity to €102,823.
Show earlier events
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Back to profitnet €29,169
Net result €29,169 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Niel · 1 establishment unit since 2011
Ground area
328 m²
Building footprint
118 m²
Volume, LiDAR
849 m³
Parcel 11030B0011/00W003, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RDB Construct
since 20112.208.426.219
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11030B0011/00W003 | Flanders | 328 m² | 1 · 118 m² | 9.7 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 2,454 companies in sector 41003 we hold annual accounts for 1,055. 730 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
Founded30-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.