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RDW CONSTRUCT

Active Risk: not assessed
Private limited companyfounded 2020active for 5 yearsPassendalestraat 95, 8980 Zonnebeke, BelgiumKBO/BCE: BE 0759.807.928
Summary

RDW CONSTRUCT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €5,242 and a net result of €2,842. Equity is growing by about 29% per year across the filed financial years. Its solvency ranks better than 10% of 9,725 sector peers (NACE 64, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activities of holding companies
NACE 64210
1 site
Size
€185,082total assets 2025
Equity
€5,242
Profit
€2,842
Turnover not published (micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
2025 accounts 1 day early1 deed in the Belgian Official Gazette
Signalsraises riskWeak solvency vs sectorneutralLatest accounts filed on timeShow the evidence

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

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Signals

Two signals.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 9725 sector peers (2025).
NBB · sector comparison
Position among 9725 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
1 day early
2024
3 days late
2023
2 days early
2022
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average on the deadline day; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end25-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Highest result from 2022 to 2025net €20,359 ▲2,804%

Financials · financial year 2025, micro format

Equity
€5,242▼ 77.7%
2024 · €23,528
Net result
€2,842▼ 86.0%
2024 · €20,359
Total assets
€185,082▲ 2.4%
2024 · €180,673
Solvency
2.8%▼ 10.2pp
2024 · 13.0%
Trend over the years

2022 to 2025, 4 financial years

The operating result falls in 2025; 2025 is 77% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€5,167 2025 Net result€2,842 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2022202320242025
Operating result€10,472-€2,463▼ 76.5%€22,832▲ 827%€5,167▼ 77.4%
Net result€9,068within the sector's middle half-€701below the sector's middle half▼ 92.3%€20,359within the sector's middle half▲ 29×€2,842below the sector's middle half▼ 86.0%
Equity€2,468below the sector's middle half-€3,169below the sector's middle half▲ 28.4%€23,528below the sector's middle half▲ 643%€5,242below the sector's middle half▼ 77.7%
Total assets€68,245below the sector's middle half-€197,065within the sector's middle half▲ 189%€180,673within the sector's middle half▼ 8.3%€185,082within the sector's middle half▲ 2.4%
Debt€65,778-€193,897▲ 195%€157,145▼ 19.0%€179,840▲ 14.4%
Working capital-€16,048within the sector's middle half--€54,749below the sector's middle half▼ 241%-€43,384below the sector's middle half▲ 20.8%-€65,402below the sector's middle half▼ 50.7%
Solvency3.6%below the sector's middle half-1.6%below the sector's middle half▼ 2.0pp13.0%below the sector's middle half▲ 11.4pp2.8%below the sector's middle half▼ 10.2pp
Current ratio0.65below the sector's middle half-0.41below the sector's middle half▼ 0.240.45below the sector's middle half▲ 0.040.33below the sector's middle half▼ 0.12
Return on assets (ROA)13.3%within the sector's middle half-0.4%below the sector's middle half▼ 12.9pp11.3%within the sector's middle half▲ 10.9pp1.5%within the sector's middle half▼ 9.7pp
above within below the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €185,082
Fixed assets €152,304 ▲ 4.8%
Current assets €32,778 ▼ 7.3%
Equity and liabilities €185,082
Equity €5,242 ▼ 77.7%
Debt €179,840 ▲ 14.4%
Debt's share of the balance-sheet total rises from 87.0% to 97.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
ROE
54.2%▼
2024 · 86.5%
Debt ≤ 1 year
€98,180▲
2024 · €78,750
Debt > 1 year
€80,483▲
2024 · €77,058
Income taxes
€147▲
2024 · €126
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€180,673€185,082▲
Fixed assets21/28€145,307€152,304▲
Tangible fixed assets22/27€145,307€152,304▲
Land and buildings22€4,022€3,886▼
Plant, machinery and equipment23€124,978€139,978▲
Furniture and vehicles24€16,308€8,440▼
Current assets29/58€35,366€32,778▼
Stocks and contracts in progress3€3,802€13,263▲
Stocks30/36€3,802€13,263▲
Amounts receivable within one year40/41€16,188€14,927▼
Trade receivables40€16,153€6,994▼
Other amounts receivable41€35€7,934▲
Cash at bank and in hand54/58€15,219€4,427▼
Deferred charges and accrued income490/1€157€161▲
Equity and liabilities
Total equity and liabilities10/49€180,673€185,082▲
Equity10/15€23,528€5,242▼
Contributions10/11€2,400€2,400=
Reserves13€21,128€2,842▼
Distributable reserves133€21,128€2,842▼
Amounts payable17/49€157,145€179,840▲
Amounts payable after more than one year17€77,058€80,483▲
Financial debts170/4€77,058€80,483▲
Amounts payable within one year42/48€78,750€98,180▲
Current portion of amounts payable after more than one year42€24,315€27,039▲
Trade debts44€17,311€9,595▼
Suppliers440/4€17,311€9,595▼
Taxes, remuneration and social security45€126-
Taxes450/3€126-
Other amounts payable47/48€36,998€61,546▲
Accrued charges and deferred income492/3€1,337€1,177▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37,642€28,846▼
Other operating charges640/8€499€613▲
Gross operating margin9900€60,974€34,627▼
Operating profit (loss)9901€22,832€5,167▼
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€2,348€2,179▼
Recurring financial charges65€2,348€2,179▼
Profit (loss) for the period before taxes9903€20,485€2,989▼
Income taxes67/77€126€147▲
Profit (loss) for the period9904€20,359€2,842▼
Profit (loss) for the period to be appropriated9905€20,359€2,842▼
Appropriation of the result
Profit (loss) to be appropriated9906€20,359€2,842▼
Transfer from equity791/2-€21,128
Transfer to equity691/2€20,359€2,842▼
To other reserves6921€20,359€2,842▼
Profit to be distributed694/7-€21,128
Return on contributions (dividend)694-€21,128

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,382€8,597€37,642€28,846▼ 23.4%
Other operating charges640/8€999€660€499€613▲ 22.8%
Gross operating margin9900€19,852€11,720€60,974€34,627▼ 43.2%
Operating profit (loss)9901€10,472€2,463€22,832€5,167▼ 77.4%
Financial income75/76B€1€53€1€0▼ 97.1%
Recurring financial income75€1€53€1€0▼ 97.1%
Financial charges65/66B€373€1,689€2,348€2,179▼ 7.2%
Recurring financial charges65€373€1,689€2,348€2,179▼ 7.2%
Profit (loss) for the period before taxes9903€10,100€827€20,485€2,989▼ 85.4%
Income taxes67/77€1,033€126€126€147▲ 16.9%
Profit (loss) for the period9904€9,068€701€20,359€2,842▼ 86.0%
Profit (loss) for the period to be appropriated9905€9,068€701€20,359€2,842▼ 86.0%
Line2022202320242025Change
Assets
Total assets20/58€68,245€197,065€180,673€185,082▲ 2.4%
Formation expenses20€17----
Fixed assets21/28€38,000€159,291€145,307€152,304▲ 4.8%
Tangible fixed assets22/27€38,000€159,291€145,307€152,304▲ 4.8%
Land and buildings22€4,293€4,157€4,022€3,886▼ 3.4%
Plant, machinery and equipment23€1,664€130,958€124,978€139,978▲ 12.0%
Furniture and vehicles24€32,043€24,175€16,308€8,440▼ 48.2%
Current assets29/58€30,229€37,775€35,366€32,778▼ 7.3%
Stocks and contracts in progress3-€2,856€3,802€13,263▲ 249%
Stocks30/36-€2,856€3,802€13,263▲ 249%
Amounts receivable within one year40/41€11,282€925€16,188€14,927▼ 7.8%
Trade receivables40€10,890-€16,153€6,994▼ 56.7%
Other amounts receivable41€392€925€35€7,934▲ 229×
Cash at bank and in hand54/58€18,807€33,849€15,219€4,427▼ 70.9%
Deferred charges and accrued income490/1€140€144€157€161▲ 2.6%
Equity and liabilities
Total equity and liabilities10/49€68,245€197,065€180,673€185,082▲ 2.4%
Equity10/15€2,468€3,169€23,528€5,242▼ 77.7%
Contributions10/11€2,400€2,400€2,400€2,400=
Reserves13€68€769€21,128€2,842▼ 86.5%
Distributable reserves133€68€769€21,128€2,842▼ 86.5%
Amounts payable17/49€65,778€193,897€157,145€179,840▲ 14.4%
Amounts payable after more than one year17€18,509€101,373€77,058€80,483▲ 4.4%
Financial debts170/4€18,509€101,373€77,058€80,483▲ 4.4%
Amounts payable within one year42/48€46,277€92,523€78,750€98,180▲ 24.7%
Current portion of amounts payable after more than one year42€7,098€24,278€24,315€27,039▲ 11.2%
Trade debts44€13,801€15,671€17,311€9,595▼ 44.6%
Suppliers440/4€13,801€15,671€17,311€9,595▼ 44.6%
Taxes, remuneration and social security45€4,772€5,265€126--
Taxes450/3€2,672€3,165€126--
Remuneration and social security454/9€2,100€2,100---
Other amounts payable47/48€20,607€47,309€36,998€61,546▲ 66.3%
Accrued charges and deferred income492/3€992-€1,337€1,177▼ 11.9%
Line2022202320242025Change
Profit (loss) for the period9904€9,068€701€20,359€2,842▼ 86.0%
+ Depreciation and write-downs630€8,382€8,597€37,642€28,846▼ 23.4%
Operating cash flow (approximation)€17,449€9,298€58,001€31,688▼ 45.4%
Investment in fixed assets (approximation)--€129,888-€23,659-€35,843▼ 51.5%
Change in cash-€15,042-€18,629-€10,793▲ 42.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference
30-06-2025 micro format 30-01-2026 2026-00020599
30-06-2024 micro format 03-02-2025 2025-00023047
30-06-2023 micro format 29-01-2024 2024-00008712
30-06-2022 micro format 31-01-2023 2023-00011281

Similar companies · same sector, comparable size

Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,994. 3,472 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

RDW CONSTRUCT was incorporated on 15 December 2020 as a private limited company.1 Total assets rose from €68,245 in 2022 to €185,082 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2022 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-01-2027
2026
30-01
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
03-02
NBB filing Annual accounts filed
financial year 2024 · micro format · 3 days late
2024
30-06
Financial Highest result from 2022 to 2025net €20,359 ▲2,804%
Operating result €22,832, net result €20,359, both a record.
29-01
NBB filing Annual accounts filed
financial year 2023 · micro format
2023
30-06
Financial Weakest financial yearnet €701 ▼92.3%
Net result drops to €701, the lowest in the series; recovery starts the following year.
31-01
NBB filing Annual accounts filed
financial year 2022 · micro format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded15-12-2020
Financial year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0759807928
Also 9925:BE0759807928
Registered 31-10-2023

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 24 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits

1 application in Flanders since 2022 · 1 granted
Bouwen of herbouwen; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen; Slopen of verwijderen
Granted on 05-09-2022submitted 16-06-2022authority: Ieperproject 2022022955

Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Zonnebeke · 1 establishment unit since 2020
registered office establishment The establishment unit on the map
Ground area
995 m²
Building footprint
133 m²
Building volume
401 m³
Parcel 33019D0476/00F000, Flanders · tallest building 10.1 m. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
RDW COATING
Passendalestraat 95, 8980 ZonnebekeManufacture of metal structures and parts of structures
since 2020unit no. 2.311.585.620
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
33019D0476/00F000 Flanders 995 m² 1 · 133 m² 10.1 m · 1
How the parcels are linked
Good to know
The parcel matches the address exactly.