RFE Construct
Open bankruptcySummary
A bankruptcy procedure is open for RFE Construct according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €60k and a net result of €-43k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 20-06-2025, 41 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
37 d early
2022
33 d early
2021
29 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€60k▼ 41.9%
2023 · €104k
2021: €38k
2022: €86k
2023: €104k
2021 → 2024
Total assets
€162k▼ 22.5%
2023 · €209k
2021: €93k
2022: €193k
2023: €209k
2021 → 2024
Net result
€-43k
2023 · €38k
2021: €53k
2022: €78k
2023: €38k
2021 → 2024
Working capital
€35k▼ 51.5%
2023 · €72k
2021: €28k
2022: €71k
2023: €72k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€38k-€86k▲ 124%€104k▲ 20.7%€60k▼ 41.9%
Operating result€73k-€102k▲ 40.7%€53k▼ 47.6%€-40k
Net result€53k-€78k▲ 45.6%€38k▼ 51.3%€-43k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €40k after €53k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €162k
Fixed assets
€39k ▼ 25.5%
Current assets
€123k ▼ 21.5%
Equity and liabilities €162k
Equity
€60k ▼ 41.9%
Debt
€102k ▼ 3.4%
Debt's share of the balance-sheet total rises from 50.4% to 62.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-30k▼
2023 · €58k
Cash flow
€-33k▼
2023 · €42k
Current ratio
1.40▼
2023 · 1.86
Quick ratio
1.11▼
2023 · 1.81
Debt to equity
1.69▲
2023 · 1.02
ROE
-72.2%▼
2023 · 36.5%
ROA
-26.8%▼
2023 · 18.1%
Interest coverage
-10.09▼
2023 · 48.84
Debt ≤ 1 year
€88k▲
2023 · €84k
Debt > 1 year
€14k▼
2023 · €21k
Income taxes
€959▼
2023 · €15k
Staff costs
€229k▲
2023 · €176k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€209k€162k▼
Fixed assets21/28€52k€39k▼
Tangible fixed assets22/27€41k€33k▼
Plant, machinery and equipment23€5k€6k▲
Furniture and vehicles24€3k€1k▼
Leasing and similar rights25€32k€26k▼
Financial fixed assets28€12k€6k▼
Current assets29/58€156k€123k▼
Stocks and contracts in progress3€4k€25k▲
Stocks30/36€4k€3k▼
Contracts in progress37-€22k
Amounts receivable within one year40/41€94k€65k▼
Trade receivables40€83k€41k▼
Other amounts receivable41€11k€24k▲
Cash at bank and in hand54/58€58k€32k▼
Equity and liabilities
Total equity and liabilities10/49€209k€162k▼
Equity10/15€104k€60k▼
Contributions10/11€5k€5k=
Reserves13€99k€55k▼
Distributable reserves133€99k€55k▼
Amounts payable17/49€105k€102k▼
Amounts payable after more than one year17€21k€14k▼
Financial debts170/4€21k€14k▼
Amounts payable within one year42/48€84k€88k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Financial debts43-€45k
Credit institutions430/8-€45k
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€43k€8k▼
Taxes450/3€29k€2k▼
Remuneration and social security454/9€14k€6k▼
Other amounts payable47/48€29k€25k▼
Income statement
Code20232024
Remuneration, social security and pensions62€176k€229k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€10k▲
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€237k€205k▼
Operating profit (loss)9901€53k€-40k▼
Financial income75/76B€164€3▼
Recurring financial income75€164€3▼
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€52k€-42k▼
Income taxes67/77€15k€959▼
Profit (loss) for the period9904€38k€-43k▼
Profit (loss) for the period to be appropriated9905€38k€-43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€-43k▼
Transfer from equity791/2-€43k
Transfer to equity691/2€18k-
To the legal reserve6920€18k-
Profit to be distributed694/7€20k-
Return on contributions (dividend)694€20k-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
18-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · RFE CONSTRUCT BV HOMSEMSTRAAT 42, 3891 GINGELOM · event 12-03-2026
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-43k ▼215%
Net result drops to €-43k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €104k ▲20.7%
3 profitable years in a row build equity to €104k.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €78k ▲45.6%
Operating result €102k, net result €78k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gingelom · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Homsemstraat 423891 GingelomGround area
1,609 m²
Building footprint
170 m²
Volume, LiDAR
726 m³
Parcel 71008A0211/00Z002, Flanders · tallest building 9.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RFE Construct
since 20212.319.211.305
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71008A0211/00Z002 | Flanders | 1,609 m² | 1 · 170 m² | 9.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MICHAEL WARSON HAVERMARKT 22, 3500 HASSELT- |
12-03-2026 → present |
| Curator | TOM RENCKENS HAVERMARKT 22,
3500 HASSELT |
12-03-2026 → present |
Similar companies · same sector, comparable size
ECM Patrimony
BE 0735.692.342
Namur · Eq €60,148
Hônkers
BE 0746.440.734
Lievegem · Eq €60,150
AS-BAU
BE 0649.517.542
Büllingen · Eq €60,154
GLOBAL POP IMMO
BE 0756.835.570
Court-Saint-Etienne · Eq €60,166
GISÈLE DEVELOPMENT
BE 0799.216.454
Waregem · Eq €60,169
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 13,185 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43221Plumbing work
43410Roofing work
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:natvdb@rfeconstruct.com