RG
ActiveSummary
RG has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €383,010 and a net result of €66,948. Equity is growing by ~30.7% per year across the filed fiscal years. Its solvency ranks better than 86% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 10.23 against 5.53 in 2024; short-term debt: 4.8% and cash: 28.2% of total assets), and 19.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.9%
Return on assets
14.1%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
1 d early
2022
2 d early
2021
3 d early
2020
6 d early
2019
on the day
← 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 2 days before the deadline; 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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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 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
In the rankings
#9 company by equity in Lede, Real estate sector
Equity
€383,010▲ 20.9%
2024 · €316,895
Total assets
€473,274▲ 12.1%
2024 · €422,072
Net result
€66,948▲ 24.9%
2024 · €53,620
Working capital
€208,420▲ 58.6%
2024 · €131,389
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€70,796▲ 37.5%€91,686▲ 29.5%€92,230▲ 0.6%€79,683▼ 13.6%€90,019▲ 13.0%
Net result€49,632above the sector's middle half▲ 39.8%€64,688above the sector's middle half▲ 30.3%€66,833above the sector's middle half▲ 3.3%€53,620above the sector's middle half▼ 19.8%€66,948above the sector's middle half▲ 24.9%
Equity€128,853within the sector's middle half▲ 61.0%€192,741within the sector's middle half▲ 49.6%€264,941within the sector's middle half▲ 37.5%€316,895within the sector's middle half▲ 19.6%€383,010above the sector's middle half▲ 20.9%
Total assets€152,517below the sector's middle half▲ 29.1%€215,306within the sector's middle half▲ 41.2%€368,055within the sector's middle half▲ 70.9%€422,072within the sector's middle half▲ 14.7%€473,274within the sector's middle half▲ 12.1%
Debt€23,664▼ 37.8%€22,565▼ 4.6%€103,114▲ 357%€105,177▲ 2.0%€90,264▼ 14.2%
Working capital€122,818above the sector's middle half▲ 73.4%€193,855above the sector's middle half▲ 57.8%€63,172within the sector's middle half▼ 67.4%€131,389above the sector's middle half▲ 108%€208,420above the sector's middle half▲ 58.6%
Solvency84.5%above the sector's middle half▲ 16.7pp89.5%above the sector's middle half▲ 5.0pp72.0%above the sector's middle half▼ 17.5pp75.1%above the sector's middle half▲ 3.1pp80.9%above the sector's middle half▲ 5.8pp
Current ratio6.22above the sector's middle half▲ 3.3612.15above the sector's middle half▲ 5.933.34above the sector's middle half▼ 8.815.53above the sector's middle half▲ 2.1910.23above the sector's middle half▲ 4.70
Return on assets (ROA)32.5%above the sector's middle half▲ 2.5pp30.0%above the sector's middle half▼ 2.5pp18.2%above the sector's middle half▼ 11.9pp12.7%above the sector's middle half▼ 5.5pp14.1%above the sector's middle half▲ 1.4pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 13% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €473,274
Fixed assets
€242,285 ▼ 7.4%
Current assets
€230,990 ▲ 44.0%
Equity and liabilities €473,274
Equity
€383,010 ▲ 20.9%
Debt
€90,264 ▼ 14.2%
Debt's share of the balance-sheet total falls from 24.9% to 19.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€114,355▲
2024 · €103,435
Cash flow
€91,283▲
2024 · €77,371
Debt to equity
0.24▼
2024 · 0.33
ROE
17.5%▲
2024 · 16.9%
Interest coverage
24.85▲
2024 · 21.16
Debt ≤ 1 year
€22,569▼
2024 · €28,977
Debt > 1 year
€66,805▼
2024 · €75,333
Income taxes
€19,222▼
2024 · €21,269
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,778 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 6,778 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €13,900 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,822 | €2,119 | €17,699 | €23,751 | €24,336 | ▲ 2.5% |
| Other operating charges640/8 | €1,768 | €1,644 | €1,572 | €2,074 | €2,075 | ▲ 0.1% |
| Gross operating margin9900 | €80,386 | €95,450 | €111,502 | €105,508 | €116,430 | ▲ 10.4% |
| Operating profit (loss)9901 | €70,796 | €91,686 | €92,230 | €79,683 | €90,019 | ▲ 13.0% |
| Financial income75/76B | - | - | - | €93 | €753 | ▲ 706% |
| Recurring financial income75 | - | - | - | €93 | €753 | ▲ 706% |
| Financial charges65/66B | €254 | €310 | €516 | €4,888 | €4,602 | ▼ 5.8% |
| Recurring financial charges65 | €254 | €310 | €516 | €4,888 | €4,602 | ▼ 5.8% |
| Profit (loss) for the period before taxes9903 | €70,543 | €91,376 | €91,714 | €74,889 | €86,170 | ▲ 15.1% |
| Income taxes67/77 | €20,911 | €26,688 | €24,881 | €21,269 | €19,222 | ▼ 9.6% |
| Profit (loss) for the period9904 | €49,632 | €64,688 | €66,833 | €53,620 | €66,948 | ▲ 24.9% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €21,050 | - |
| Profit (loss) for the period to be appropriated9905 | €49,632 | €64,688 | €66,833 | €53,620 | €45,898 | ▼ 14.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152,517 | €215,306 | €368,055 | €422,072 | €473,274 | ▲ 12.1% |
| Fixed assets21/28 | €6,189 | €4,070 | €277,890 | €261,706 | €242,285 | ▼ 7.4% |
| Tangible fixed assets22/27 | €5,739 | €3,620 | €277,440 | €261,256 | €241,835 | ▼ 7.4% |
| Land and buildings22 | - | - | €201,609 | €196,320 | €191,030 | ▼ 2.7% |
| Plant, machinery and equipment23 | €1,946 | €1,055 | €429 | €3,627 | €2,801 | ▼ 22.8% |
| Furniture and vehicles24 | €915 | - | €73,150 | €59,371 | €46,379 | ▼ 21.9% |
| Other tangible fixed assets26 | €2,879 | €2,565 | €2,252 | €1,939 | €1,625 | ▼ 16.2% |
| Financial fixed assets28 | €450 | €450 | €450 | €450 | €450 | = |
| Current assets29/58 | €146,328 | €211,236 | €90,165 | €160,366 | €230,990 | ▲ 44.0% |
| Amounts receivable within one year40/41 | €15,125 | €17,764 | €19,081 | €20,084 | €45,934 | ▲ 129% |
| Trade receivables40 | €15,125 | €16,940 | €18,150 | €19,965 | €39,930 | ▲ 100% |
| Other amounts receivable41 | - | €824 | €931 | €119 | €6,004 | ▲ 4,948% |
| Current investments50/53 | - | - | - | - | €50,000 | - |
| Cash at bank and in hand54/58 | €125,412 | €188,809 | €66,775 | €139,091 | €133,288 | ▼ 4.2% |
| Deferred charges and accrued income490/1 | €5,790 | €4,663 | €4,310 | €1,191 | €1,768 | ▲ 48.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152,517 | €215,306 | €368,055 | €422,072 | €473,274 | ▲ 12.1% |
| Equity10/15 | €128,853 | €192,741 | €264,941 | €316,895 | €383,010 | ▲ 20.9% |
| Contributions10/11 | €12,400 | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €116,453 | €180,341 | €246,341 | €298,295 | €319,345 | ▲ 7.1% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | €21,050 | - |
| Distributable reserves133 | €114,593 | €178,481 | €246,341 | €298,295 | €298,295 | = |
| Profit (loss) carried forward14 | - | - | - | - | €45,065 | - |
| Amounts payable17/49 | €23,664 | €22,565 | €103,114 | €105,177 | €90,264 | ▼ 14.2% |
| Amounts payable after more than one year17 | - | €5,000 | €74,106 | €75,333 | €66,805 | ▼ 11.3% |
| Financial debts170/4 | - | €5,000 | €74,106 | €75,333 | €66,805 | ▼ 11.3% |
| Amounts payable within one year42/48 | €23,510 | €17,381 | €26,993 | €28,977 | €22,569 | ▼ 22.1% |
| Current portion of amounts payable after more than one year42 | - | - | €5,894 | €6,203 | €6,529 | ▲ 5.3% |
| Trade debts44 | €3,252 | €1,234 | €1,573 | €3,217 | €2,459 | ▼ 23.6% |
| Suppliers440/4 | €3,252 | €1,234 | €1,573 | €3,217 | €2,459 | ▼ 23.6% |
| Taxes, remuneration and social security45 | €16,123 | €13,279 | €13,914 | €15,939 | €12,216 | ▼ 23.4% |
| Taxes450/3 | €16,123 | €11,279 | €11,914 | €15,939 | €12,216 | ▼ 23.4% |
| Remuneration and social security454/9 | - | €2,000 | €2,000 | - | - | - |
| Other amounts payable47/48 | €4,134 | €2,868 | €5,613 | €3,618 | €1,365 | ▼ 62.3% |
| Accrued charges and deferred income492/3 | €154 | €184 | €2,014 | €867 | €890 | ▲ 2.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,632 | €64,688 | €66,833 | €53,620 | €66,948 | ▲ 24.9% |
| + Depreciation and write-downs630 | €7,822 | €2,119 | €17,699 | €23,751 | €24,336 | ▲ 2.5% |
| Operating cash flow (approximation) | €57,454 | €66,807 | €84,533 | €77,371 | €91,283 | ▲ 18.0% |
| Investment in fixed assets (approximation) | - | €0 | -€291,520 | -€7,567 | -€4,914 | ▲ 35.1% |
| Change in cash | - | €63,397 | -€122,034 | €72,316 | -€5,803 | ▼ 108% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €66,948 ▲24.9%
Net result €66,948, the highest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €264,941 ▲37.5%
5 profitable years in a row build equity to €264,941.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €192,741 ▲49.6%
4 profitable years in a row build equity to €192,741.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 6.22
Current ratio from 2.87 to 6.22; short-term debt falls from €37,957 to €23,510.
31-12
Financial
Equity above €100,000Eq €128,853 ▲61%
3 profitable years in a row build equity to €128,853.
25-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Lede · 1 establishment unit since 2018
Ground area
434 m²
Building footprint
140 m²
Volume, LiDAR
1 m³
Parcel 41034D0912/00N000, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
1 establishment unit
RG
since 20182.278.356.784
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41034D0912/00N000 | Flanders | 434 m² | 1 · 140 m² | 0.2 m |
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.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 4,985 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
Founded09-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
82990Other business support services
Contact
E-mail
rikgalle.bvba@gmail.comLede
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699728207
Also
9925:BE0699728207
Registered
29-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.