RDS-CONSTRUCT
ActiveSummary
RDS-CONSTRUCT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.2m and a net result of €138,710. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 26% of 2097 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability52▼-2
Solvency44▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.14 in 2023; short-term debt: 49% and cash: 11.9% of total assets), and 81.4% of the assets are financed with debt.
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Signals
Three 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
18.6%
Return on assets
2.2%
Age of the figures
21 mo
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 26-05-2025, 66 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
66 d early
2023
37 d early
2022
59 d early
2021
45 d early
2020
42 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 47 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#10 fastest grower in Mechelen, Construction sector
Equity
€1.2m▲ 13.6%
2023 · €1.0m
Total assets
€6.2m▲ 4.7%
2023 · €5.9m
Net result
€138,710▲ 1,111%
2023 · €11,454
Working capital
€1.1m▲ 139%
2023 · €450,954
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€204,069▲ 105%€70,157▼ 65.6%€603,736▲ 761%€105,285▼ 82.6%€386,024▲ 267%
Net result€125,984above the sector's middle half▲ 104%€28,392within the sector's middle half▼ 77.5%€479,565above the sector's middle half▲ 1,589%€11,454within the sector's middle half▼ 97.6%€138,710above the sector's middle half▲ 1,111%
Equity€499,626within the sector's middle half▲ 33.7%€528,017within the sector's middle half▲ 5.7%€1.0mabove the sector's middle half▲ 90.8%€1.0mabove the sector's middle half▲ 1.1%€1.2mabove the sector's middle half▲ 13.6%
Total assets€3.0mabove the sector's middle half▲ 48.2%€4.2mabove the sector's middle half▲ 42.1%€6.0mabove the sector's middle half▲ 43.8%€5.9mabove the sector's middle half▼ 1.7%€6.2mabove the sector's middle half▲ 4.7%
Debt€2.5m▲ 51.5%€3.7m▲ 49.6%€5.0m▲ 37.0%€4.9m▼ 2.3%€5.1m▲ 2.9%
Working capital€601,941▲ 70.9%€1.4m▲ 135%€865,411▼ 38.8%€450,954▼ 47.9%€1.1m▲ 139%
Solvency16.9%below the sector's middle half▼ 1.8pp12.6%below the sector's middle half▼ 4.3pp16.7%below the sector's middle half▲ 4.1pp17.2%below the sector's middle half▲ 0.5pp18.6%within the sector's middle half▲ 1.5pp
Staff (FTE)18.3above the sector's middle half▲ 60.5%18.3above the sector's middle half=24above the sector's middle half▲ 31.1%22.8above the sector's middle half▼ 5.0%20.7above the sector's middle half▼ 9.2%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 267% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.2m
Fixed assets
€2.1m ▼ 9.1%
Current assets
€4.1m ▲ 13.5%
Equity and liabilities €6.2m
Equity
€1.2m ▲ 13.6%
Debt
€5.1m ▲ 2.9%
Debt's share of the balance-sheet total falls from 82.8% to 81.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€645,657▲
2023 · €356,119
Cash flow
€398,342▲
2023 · €262,289
Current ratio
1.35▲
2023 · 1.14
Quick ratio
0.33▼
2023 · 0.45
Debt to equity
4.37▼
2023 · 4.82
ROE
12.0%▲
2023 · 1.1%
ROA
2.2%▲
2023 · 0.2%
Interest coverage
3.66▼
2023 · 4.23
Debt ≤ 1 year
€3.0m▼
2023 · €3.2m
Debt > 1 year
€1.7m▲
2023 · €1.7m
Income taxes
€72,207▲
2023 · €10,967
Staff costs
€1.3m▼
2023 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,365 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.7%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,365 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €510 | - | - |
| Remuneration, social security and pensions62 | - | €1.0m | €1.3m | €1.4m | €1.3m | ▼ 7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €95,320 | €88,956 | €159,235 | €250,835 | €259,633 | ▲ 3.5% |
| Other operating charges640/8 | - | €6,101 | €10,091 | €5,091 | €5,387 | ▲ 5.8% |
| Non-recurring operating charges66A | - | €1,250 | €518 | - | - | - |
| Gross operating margin9900 | €1.3m | €1.2m | €2.1m | €1.7m | €1.9m | ▲ 11.1% |
| Operating profit (loss)9901 | €204,069 | €70,157 | €603,736 | €105,285 | €386,024 | ▲ 267% |
| Financial income75/76B | - | €971 | €338 | €1,253 | €1,538 | ▲ 22.8% |
| Recurring financial income75 | €222 | €971 | €338 | €1,253 | €1,538 | ▲ 22.8% |
| Financial charges65/66B | - | €25,495 | €44,824 | €84,116 | €176,646 | ▲ 110% |
| Recurring financial charges65 | €15,845 | €25,495 | €44,824 | €84,116 | €176,646 | ▲ 110% |
| Profit (loss) for the period before taxes9903 | €188,446 | €45,633 | €559,250 | €22,421 | €210,916 | ▲ 841% |
| Income taxes67/77 | €62,462 | €17,241 | €79,685 | €10,967 | €72,207 | ▲ 558% |
| Profit (loss) for the period9904 | €125,984 | €28,392 | €479,565 | €11,454 | €138,710 | ▲ 1,111% |
| Profit (loss) for the period to be appropriated9905 | €125,984 | €28,392 | €479,565 | €11,454 | €138,710 | ▲ 1,111% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €4.2m | €6.0m | €5.9m | €6.2m | ▲ 4.7% |
| Fixed assets21/28 | €574,177 | €701,336 | €2.5m | €2.3m | €2.1m | ▼ 9.1% |
| Tangible fixed assets22/27 | €525,999 | €625,726 | €2.4m | €2.2m | €2.0m | ▼ 10.0% |
| Land and buildings22 | - | €250,000 | €1.7m | €1.7m | €1.6m | ▼ 4.6% |
| Plant, machinery and equipment23 | - | €331,048 | €385,996 | €344,560 | €234,473 | ▼ 32.0% |
| Furniture and vehicles24 | - | €44,678 | €244,870 | €211,781 | €175,831 | ▼ 17.0% |
| Financial fixed assets28 | €48,178 | €75,610 | €85,244 | €79,244 | €90,969 | ▲ 14.8% |
| Current assets29/58 | €2.4m | €3.5m | €3.6m | €3.6m | €4.1m | ▲ 13.5% |
| Stocks and contracts in progress3 | €31,860 | €1.7m | €2.5m | €2.2m | €3.1m | ▲ 41.6% |
| Stocks30/36 | - | €48,456 | €162,488 | €125,482 | €63,239 | ▼ 49.6% |
| Contracts in progress37 | - | €1.7m | €2.4m | €2.1m | €3.0m | ▲ 47.2% |
| Amounts receivable within one year40/41 | €385,432 | €236,887 | €170,082 | €239,849 | €256,702 | ▲ 7.0% |
| Trade receivables40 | - | €233,853 | €62,870 | €189,526 | €246,425 | ▲ 30.0% |
| Other amounts receivable41 | - | €3,034 | €107,212 | €50,323 | €10,277 | ▼ 79.6% |
| Cash at bank and in hand54/58 | €1.6m | €1.5m | €846,699 | €1.2m | €740,355 | ▼ 37.6% |
| Deferred charges and accrued income490/1 | - | €6,708 | €9,811 | €13,646 | €21,660 | ▲ 58.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €4.2m | €6.0m | €5.9m | €6.2m | ▲ 4.7% |
| Equity10/15 | €499,626 | €528,017 | €1.0m | €1.0m | €1.2m | ▲ 13.6% |
| Contributions10/11 | - | €312,000 | €312,000 | €312,000 | €312,000 | = |
| Reserves13 | €129,066 | €157,458 | €637,023 | €648,477 | €787,187 | ▲ 21.4% |
| Non-distributable reserves130/1 | - | €3,082 | €3,082 | - | - | - |
| Reserves not available under the articles1311 | - | €3,082 | €3,082 | - | - | - |
| Distributable reserves133 | - | €154,376 | €633,941 | €648,477 | €787,187 | ▲ 21.4% |
| Profit (loss) carried forward14 | €58,559 | €58,559 | €58,559 | €58,559 | €58,559 | = |
| Amounts payable17/49 | €2.5m | €3.7m | €5.0m | €4.9m | €5.1m | ▲ 2.9% |
| Amounts payable after more than one year17 | €182,601 | €1.1m | €1.8m | €1.7m | €1.7m | ▲ 3.5% |
| Financial debts170/4 | - | €1.1m | €1.8m | €1.7m | €1.7m | ▲ 3.5% |
| Amounts payable within one year42/48 | €1.8m | €2.1m | €2.7m | €3.2m | €3.0m | ▼ 4.3% |
| Current portion of amounts payable after more than one year42 | - | €225,040 | €274,396 | €348,101 | €364,814 | ▲ 4.8% |
| Financial debts43 | - | €750,000 | €750,000 | €1.0m | €1.0m | = |
| Other loans439 | - | €750,000 | €750,000 | €1.0m | €1.0m | = |
| Trade debts44 | €325,398 | €609,671 | €1.2m | €862,457 | €636,878 | ▼ 26.2% |
| Suppliers440/4 | - | €609,671 | €1.2m | €862,457 | €636,878 | ▼ 26.2% |
| Taxes, remuneration and social security45 | - | €167,055 | €122,890 | €132,502 | €205,211 | ▲ 54.9% |
| Taxes450/3 | - | €142,626 | €79,543 | €100,028 | €167,100 | ▲ 67.1% |
| Remuneration and social security454/9 | - | €24,429 | €43,348 | €32,474 | €38,111 | ▲ 17.4% |
| Other amounts payable47/48 | - | €330,000 | €357,768 | €835,000 | €835,000 | = |
| Accrued charges and deferred income492/3 | - | €503,416 | €505,035 | €74,223 | €294,064 | ▲ 296% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €125,984 | €28,392 | €479,565 | €11,454 | €138,710 | ▲ 1,111% |
| + Depreciation and write-downs630 | €95,320 | €88,956 | €159,235 | €250,835 | €259,633 | ▲ 3.5% |
| Operating cash flow (approximation) | €221,304 | €117,347 | €638,800 | €262,289 | €398,342 | ▲ 51.9% |
| Investment in fixed assets (approximation) | - | -€216,115 | -€1.9m | -€94,206 | -€49,216 | ▲ 47.8% |
| Change in cash | - | -€54,888 | -€677,242 | €339,269 | -€445,613 | ▼ 231% |
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
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €11,454 ▼97.6%
Net result drops to €11,454, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2019net €479,565 ▲1,589%
Operating result €603,736, net result €479,565, both a record.
31-12
Financial
Equity above €1mEq €1.0m ▲90.8%
4 profitable years in a row build equity to €1.0m.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500,000Eq €528,017 ▲5.7%
3 profitable years in a row build equity to €528,017.
19-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB 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, Mechelen · 1 establishment unit since 2018
Ground area
1,336 m²
Building footprint
461 m²
Volume, LiDAR
4,184 m³
Parcel 12404G0323/00N003, Flanders · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
RDS-CONSTRUCT
since 20182.272.272.708
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12404G0323/00N003 | Flanders | 1,336 m² | 1 · 461 m² | 14.3 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 8,982 EUR awarded · 9,490 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,842 EUR | 2,294 EUR |
| 2024 | 1 | 1,641 EUR | 1,712 EUR |
| 2023 | 2 | 1,094 EUR | 1,574 EUR |
| 2022 | 3 | 4,405 EUR | 3,910 EUR |
Recognitions · licences · registrations
Recognised contractor
4 categoriesRDS-CONSTRUCT BV42979
Dual-learning approval
4 live approvalsMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 5,875 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
Founded11-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0687804333
Also
9925:BE0687804333
Registered
01-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.