RESCUE
ActiveSummary
For RESCUE, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €197k and a net result of €-30k. Equity is shrinking by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 2057 sector peers (fiscal year 2023). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability5▲+5
Solvency95▲+7
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 →
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 2023Solvency, return and age of the figures
Solvency
70%
Return on assets
-10.6%
Age of the figures
33 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-11-2024, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
122 d late
2022
92 d late
2020
61 d late
2019
93 d late
2018
5 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2023, abbreviated schema
Equity
€197k▼ 13.2%
2022 · €227k
Total assets
€282k▼ 21.4%
2022 · €358k
Net result
€-30k▲ 69.9%
2022 · €-99k
Working capital
€68k▼ 38.4%
2022 · €110k
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
Line20182019202020222023
Operating result€20k-€35k▲ 73.9%€36k▲ 4.0%€-88k-€-13k▲ 85.2%
Net result€14k-€17k▲ 15.7%€29k▲ 76.1%€-99k-€-30k▲ 69.9%
Equity€348k-€364k▲ 4.8%€393k▲ 8.0%€227k-€197k▼ 13.2%
Total assets€488k-€647k▲ 32.5%€770k▲ 19.0%€358k-€282k▼ 21.4%
Debt€141k-€283k▲ 101%€376k▲ 33.0%€131k-€85k▼ 35.6%
Working capital€267k-€271k▲ 1.8%€360k▲ 32.6%€110k-€68k▼ 38.4%
Staff (FTE)1-1=1=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2023 against €88k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €282k
Fixed assets
€153k ▼ 6.7%
Current assets
€129k ▼ 33.7%
Equity and liabilities €282k
Equity
€197k ▼ 13.2%
Debt
€85k ▼ 35.6%
Debt's share of the balance-sheet total falls from 36.7% to 30.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▲
2022 · €-77k
Cash flow
€-19k▲
2022 · €-88k
Current ratio
2.10▼
2022 · 2.30
Quick ratio
2.00▼
2022 · 2.22
Debt to equity
0.43▼
2022 · 0.58
ROE
-15.2%▲
2022 · -43.7%
ROA
-10.6%▲
2022 · -27.7%
Interest coverage
-0.61▲
2022 · -7.36
Debt ≤ 1 year
€61k▼
2022 · €85k
Debt > 1 year
€23k▼
2022 · €47k
Income taxes
€13k▲
2022 · €235
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €-1k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €2k | €11k | €11k | €11k | = |
| Other operating charges640/8 | - | - | - | €9k | - | - |
| Gross operating margin9900 | €81k | €128k | €191k | €-70k | €-2k | ▲ 96.9% |
| Operating profit (loss)9901 | €20k | €35k | €36k | €-88k | €-13k | ▲ 85.2% |
| Recurring financial income75 | - | €2k | - | - | - | - |
| Financial charges65/66B | - | - | - | €11k | €4k | ▼ 66.3% |
| Recurring financial charges65 | €4k | €8k | €7k | €11k | €4k | ▼ 66.3% |
| Profit (loss) for the period before taxes9903 | €16k | €29k | €29k | €-99k | €-17k | ▲ 83.2% |
| Income taxes67/77 | €2k | €12k | - | €235 | €13k | ▲ 5,551% |
| Profit (loss) for the period9904 | €14k | €17k | €29k | €-99k | €-30k | ▲ 69.9% |
| Profit (loss) for the period to be appropriated9905 | €14k | €17k | €29k | €-99k | €-30k | ▲ 69.9% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €488k | €647k | €770k | €358k | €282k | ▼ 21.4% |
| Fixed assets21/28 | €155k | €148k | €185k | €163k | €153k | ▼ 6.7% |
| Tangible fixed assets22/27 | €155k | €148k | €185k | €163k | €153k | ▼ 6.7% |
| Plant, machinery and equipment23 | - | - | - | €57k | €54k | ▼ 5.8% |
| Furniture and vehicles24 | - | - | - | €106k | €99k | ▼ 7.2% |
| Current assets29/58 | €334k | €499k | €584k | €195k | €129k | ▼ 33.7% |
| Stocks and contracts in progress3 | €6k | €6k | €6k | €6k | €6k | = |
| Stocks30/36 | - | - | - | €6k | €6k | = |
| Amounts receivable within one year40/41 | €312k | €490k | €565k | €163k | €123k | ▼ 24.6% |
| Trade receivables40 | - | - | - | €136k | €120k | ▼ 11.3% |
| Other amounts receivable41 | - | - | - | €27k | €2k | ▼ 91.3% |
| Current investments50/53 | - | - | €5k | - | - | - |
| Cash at bank and in hand54/58 | €16k | €3k | €8k | €26k | €69 | ▼ 99.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €488k | €647k | €770k | €358k | €282k | ▼ 21.4% |
| Equity10/15 | €348k | €364k | €393k | €227k | €197k | ▼ 13.2% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Capital10 | - | - | - | €25k | €25k | = |
| Issued capital100 | - | - | - | €25k | €25k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Legal reserve130 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €320k | €337k | €366k | €200k | €170k | ▼ 15.0% |
| Amounts payable17/49 | €141k | €283k | €376k | €131k | €85k | ▼ 35.6% |
| Amounts payable after more than one year17 | €74k | €55k | €152k | €47k | €23k | ▼ 50.0% |
| Financial debts170/4 | - | - | - | €47k | €23k | ▼ 50.0% |
| Amounts payable within one year42/48 | €67k | €228k | €224k | €85k | €61k | ▼ 27.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15k | €6k | ▼ 56.6% |
| Financial debts43 | - | - | - | - | €13k | - |
| Credit institutions430/8 | - | - | - | - | €13k | - |
| Trade debts44 | €50k | €213k | €209k | €5k | €2k | ▼ 64.1% |
| Suppliers440/4 | - | - | - | €5k | €2k | ▼ 64.1% |
| Other amounts payable47/48 | - | - | - | €65k | €40k | ▼ 38.8% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €17k | €29k | €-99k | €-30k | ▲ 69.9% |
| + Depreciation and write-downs630 | €7k | €2k | €11k | €11k | €11k | = |
| Operating cash flow (approximation) | €21k | €18k | €40k | €-88k | €-19k | ▲ 78.5% |
| Investment in fixed assets (approximation) | - | €5k | €-48k | - | €0 | - |
| Change in cash | - | €-13k | €6k | - | €-26k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 122 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 92 days late
2022
31-12
Financial
Weakest financial yearnet €-99k
Net result drops to €-99k, the lowest in the series; recovery starts the following year.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €29k ▲76.1%
Operating result €36k, net result €29k, both a record.
01-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 93 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
27-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 27 days late
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 26 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Asse · 1 establishment unit since 2000
Ground area
3,976 m²
Building footprint
656 m²
Volume, LiDAR
2,171 m³
Parcel 23322C0249/00A004, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Langestraat 19, 1730 Asse
since 20002.099.603.404
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322C0249/00A004 | Flanders | 3,975 m² | 1 · 656 m² | 5.9 m · 1 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.
Similar companies · same sector, comparable size
BOSSY PROJECTS
BE 0628.900.983
Koekelare · Eq €196,906
POTS TONY ABO
BE 0472.602.311
Kaprijke · Eq €196,976
EDIMA INVEST
BE 0630.882.951
Oudenburg · Eq €196,884
Rogiers Bouw
BE 0466.439.643
Torhout · Eq €196,996
POLYCONSTRUCT
BE 0440.048.913
Vorst · Eq €197,052
Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 12,134 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 (pre-2019)
Founded31-03-2000
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
Website
www.rescue2000.beAsse
Phone
02 254 45 14Asse
Scores and ratios are computed by Checked and are not a credit decision.