REDROSE CONSTRUCT
ActiveSummary
REDROSE CONSTRUCT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€83,491) and a net result of -€2,150. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▼-2
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.4 against 0.41 in 2024; short-term debt: 249.3% and cash: 0.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-149.3%
Return on assets
-3.8%
Age of the figures
15 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€83,491
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-02-2026, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
4 d late
2024
on the day
2023
on the day
2022
1 d early
2021
on the day
2020
2 d early
2019
3 d early
← 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 on the deadline day; 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€83,491▼ 2.6%
2024 · -€81,341
Total assets
€55,908▲ 0.5%
2024 · €55,610
Net result
-€2,150▼ 23.2%
2024 · -€1,745
Working capital
-€83,491▼ 2.6%
2024 · -€81,341
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20212022202320242025
Operating result-€9,563▼ 480%-€1,881▲ 80.3%-€3,575▼ 90.1%-€1,583▲ 55.7%-€1,938▼ 22.4%
Net result-€9,608below the sector's middle half▼ 435%-€1,993within the sector's middle half▲ 79.3%-€3,737within the sector's middle half▼ 87.5%-€1,745within the sector's middle half▲ 53.3%-€2,150within the sector's middle half▼ 23.2%
Equity-€73,867below the sector's middle half▼ 15.0%-€75,860below the sector's middle half▼ 2.7%-€79,596below the sector's middle half▼ 4.9%-€81,341below the sector's middle half▼ 2.2%-€83,491below the sector's middle half▼ 2.6%
Total assets€2,415below the sector's middle half▲ 5.1%€163,758within the sector's middle half▲ 6,680%€55,587below the sector's middle half▼ 66.1%€55,610below the sector's middle half=€55,908below the sector's middle half▲ 0.5%
Debt€76,282▲ 14.6%€239,618▲ 214%€135,183▼ 43.6%€136,951▲ 1.3%€139,398▲ 1.8%
Working capital-€73,867below the sector's middle half▼ 15.0%-€75,657below the sector's middle half▼ 2.4%-€79,596below the sector's middle half▼ 5.2%-€81,341below the sector's middle half▼ 2.2%-€83,491below the sector's middle half▼ 2.6%
Solvency-46.3%below the sector's middle half-143.2%below the sector's middle half▼ 96.9pp-146.3%below the sector's middle half▼ 3.1pp-149.3%below the sector's middle half▼ 3.1pp
Current ratio0.68within the sector's middle half0.41within the sector's middle half▼ 0.270.41within the sector's middle half▼ 0.010.40within the sector's middle half=
Return on assets (ROA)-1.2%within the sector's middle half-6.7%below the sector's middle half▼ 5.5pp-3.1%below the sector's middle half▲ 3.6pp-3.8%below the sector's middle half▼ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,938 in 2025 against €1,583 in 2024; the loss grows.
Key figures and ratios
Quick ratio
0.08▲
2024 · 0.02
Debt to equity
-1.67▲
2024 · -1.68
Debt ≤ 1 year
€139,398▲
2024 · €136,951
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 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% | 1.7% |
| 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 75% 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 2,799 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €120 | €122 | €132 | €141 | ▲ 6.7% |
| Gross operating margin9900 | -€9,244 | -€1,760 | -€3,453 | -€1,452 | -€1,798 | ▼ 23.8% |
| Operating profit (loss)9901 | -€9,563 | -€1,881 | -€3,575 | -€1,583 | -€1,938 | ▼ 22.4% |
| Financial charges65/66B | - | €113 | €162 | €161 | €211 | ▲ 31.1% |
| Recurring financial charges65 | €45 | €113 | €162 | €161 | €211 | ▲ 31.1% |
| Profit (loss) for the period before taxes9903 | -€9,608 | -€1,993 | -€3,737 | -€1,745 | -€2,150 | ▼ 23.2% |
| Profit (loss) for the period9904 | -€9,608 | -€1,993 | -€3,737 | -€1,745 | -€2,150 | ▼ 23.2% |
| Profit (loss) for the period to be appropriated9905 | -€9,608 | -€1,993 | -€3,737 | -€1,745 | -€2,150 | ▼ 23.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,415 | €163,758 | €55,587 | €55,610 | €55,908 | ▲ 0.5% |
| Current assets29/58 | €2,415 | €163,758 | €55,587 | €55,610 | €55,908 | ▲ 0.5% |
| Stocks and contracts in progress3 | - | €52,659 | €52,659 | €52,659 | €45,267 | ▼ 14.0% |
| Stocks30/36 | - | €52,659 | €52,659 | €52,659 | €45,267 | ▼ 14.0% |
| Amounts receivable within one year40/41 | €2,374 | €2,796 | €2,808 | €2,820 | €10,212 | ▲ 262% |
| Other amounts receivable41 | - | €2,796 | €2,808 | €2,820 | €10,212 | ▲ 262% |
| Cash at bank and in hand54/58 | €42 | €108,303 | €120 | €132 | €429 | ▲ 227% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,415 | €163,758 | €55,587 | €55,610 | €55,908 | ▲ 0.5% |
| Equity10/15 | -€73,867 | -€75,860 | -€79,596 | -€81,341 | -€83,491 | ▼ 2.6% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€82,067 | -€84,060 | -€87,796 | -€89,541 | -€91,691 | ▼ 2.4% |
| Amounts payable17/49 | €76,282 | €239,618 | €135,183 | €136,951 | €139,398 | ▲ 1.8% |
| Amounts payable within one year42/48 | €76,282 | €239,414 | €135,183 | €136,951 | €139,398 | ▲ 1.8% |
| Trade debts44 | €2,275 | €397 | €229 | €296 | €144 | ▼ 51.4% |
| Suppliers440/4 | - | €397 | €229 | €296 | €144 | ▼ 51.4% |
| Other amounts payable47/48 | - | €239,018 | €134,955 | €136,655 | €139,255 | ▲ 1.9% |
| Accrued charges and deferred income492/3 | - | €203 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,608 | -€1,993 | -€3,737 | -€1,745 | -€2,150 | ▼ 23.2% |
| Operating cash flow (approximation) | -€9,608 | -€1,993 | -€3,737 | -€1,745 | -€2,150 | ▼ 23.2% |
| Change in cash | - | €108,262 | -€108,183 | €11 | €298 | ▲ 2,545% |
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
04-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet -€9,608
Net result drops to -€9,608, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 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, Aalst · 1 establishment unit since 2001
Ground area
118 m²
Building footprint
82 m²
Volume, LiDAR
888 m³
Parcel 41002A1917/00_000, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
REDROSE CONSTRUCT
since 20012.093.140.630
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002A1917/00_000 | Flanders | 118 m² | 1 · 82 m² | 14.0 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-03-2001
Fiscal year end30-06
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474230822
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.