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Rdeco

Active
Public limited companyfounded 196858 yrs activeGroenbek 28, 8790 Waregem, BelgiumKBO/BCE: BE 0405.436.541
Summary

Rdeco has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of -€97,493. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 51% of 5653 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Overview

Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
1 site
Size
€7.3mtotal assets 2025
Equity
€2.9m
Loss
-€97,493
Net result +73%: other schema
Financial health
92 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Parent
Bouvelo · 100%
Accounts filed 10 d late0 of 19 deeds read
Why 92- Liquidity: current ratio 2.16, cash €107,945+ Size: total assets €7.3m+ Figures for FY 2025 (filed 10-07-2026)+ Founded in 1968Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Better than 38% of its sector peers (NACE 68, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency 65-9
equity 39.8% of total assets
Liquidity 47=
short-term debt 17.2% · cash 1.5%
Profitability 22+11
return on assets -1.3%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,938 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▲ +1.7% vs 01-2025 03-2025: 0.1%▲ +15.0% vs 02-2025 04-2025: 0.1%▲ +5.8% vs 03-2025 05-2025: 0.1%● 0.0% vs 04-2025 06-2025: 0.1%▲ +28.8% vs 05-2025 07-2025: 0.2%▲ +80.9% vs 06-2025 08-2025: 0.1%▼ -65.3% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▲ +1.7% vs 01-2026 03-2026: 0.1%▲ +15.0% vs 02-2026 04-2026: 0.1%▲ +4.3% vs 03-2026 05-2026: 0.1%▲ +2.8% vs 04-2026 06-2026: 0.1%▲ +35.1% vs 05-2026 07-2026: 0.2%▲ +88.0% vs 06-2026highest value 08-2026: < 0.1%▼ -76.6% vs 07-2026lowest value 09-2026: < 0.1%● 0.0% vs 08-2026lowest value 10-2026: < 0.1%● 0.0% vs 09-2026lowest value
  • Size: total assets €7.3m lowers the probability for this profile
  • Liquidity: current ratio 2.16, cash €107,945 raises the probability
  • Figures for FY 2025 (filed 10-07-2026) lowers the probability
  • Founded in 1968 lowers the probability for this profile
Credit up to €260,000 at 30 days acceptable
Liquidity ample (current ratio 2.16 against 1.94 in 2024; short-term debt: 17.2% and cash: 1.5% of total assets), but 60.2% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, small). Better than this share of them on solvency 59%, liquidity 46%, profitability 15%, growth against the median 32%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €7.3m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 2.16, cash €107,945
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 10-07-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 1968
In the bankruptcy model this factor lowers the probability for this profile.
KBO
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€97,493
neutral · Filed after the deadline
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 10-07-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
10 d late
2024
4 d early
2023
1 d late
2022
1 d early
2021
20 d late
2020
2 d early
2019
on the day
← 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 3 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. Usually files around 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today30-11-2026 close30-06-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Weakest financial yearnet -€362,171

Key points

  • Risk: 8 loss-making years in a rowloss fiscal year 2025 -€97,493 View
  • Positive: Result rose in 2025different schema filed ▲ 73.1% View
  • Caution: Among the weakest 17% on net resultsector median €21,410 · 5,659 companies -€97,493 View
  • Controlled by Bouveloknown shareholders 100% 100% View
  • Active since 1968founded 01-01-1968 58 years View

By topic

Financials

Fiscal year
2025
Total assets
€7.3m
Loss
-€97,493
Solvency
39.8%
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 30-06-2027
  1. 10-07-2026Annual accounts filed
  2. 26-06-2025Annual accounts filed
  3. 30-11-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Renting and operating of own or leased non-residential…NACE 68203
Founded
01-01-1968
Year ends
30-11
Peppol
Reachable for e-invoices
Go to Company details

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