RG CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of RG CONCEPT is 2.6% (moderate). The 2025 annual accounts show equity of €13,329 and a net result of -€6,583. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 72% of 7730 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-33
Solvency89▲+31
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.29 against 1.38 in 2024; short-term debt: 35.8% and cash: 30.1% of total assets), and 35.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
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 2025Solvency, return and age of the figures
Solvency
64.2%
Return on assets
-31.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€6,583
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
29 d late
2024
3 d early
2023
20 d late
2022
5 d early
2021
26 d late
2020
390 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 76 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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. Usually files around 21 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€6,583▼ 364%
2024 · -€1,420
Working capital
€9,556▼ 35.9%
2024 · €14,910
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,906€25,206▲ 545%€10,525▼ 58.2%€972▼ 90.8%-€5,833
Net result€2,280within the sector's middle half€17,283within the sector's middle half▲ 658%€7,230within the sector's middle half▼ 58.2%-€1,420below the sector's middle half-€6,583below the sector's middle half▼ 364%
Equity-€54below the sector's middle half▲ 97.7%€17,229within the sector's middle half€21,332within the sector's middle half▲ 23.8%€19,912within the sector's middle half▼ 6.7%€13,329below the sector's middle half▼ 33.1%
Total assets€24,689below the sector's middle half▲ 55.9%€31,851below the sector's middle half▲ 29.0%€31,381below the sector's middle half▼ 1.5%€59,593within the sector's middle half▲ 89.9%€20,747below the sector's middle half▼ 65.2%
Debt€24,743▲ 36.2%€14,623▼ 40.9%€10,048▼ 31.3%€39,681▲ 295%€7,418▼ 81.3%
Working capital-€10,088below the sector's middle half▲ 24.0%€10,180within the sector's middle half€16,083within the sector's middle half▲ 58.0%€14,910within the sector's middle half▼ 7.3%€9,556within the sector's middle half▼ 35.9%
Solvency-0.2%below the sector's middle half▲ 14.5pp54.1%within the sector's middle half▲ 54.3pp68.0%above the sector's middle half▲ 13.9pp33.4%within the sector's middle half▼ 34.6pp64.2%within the sector's middle half▲ 30.8pp
Current ratio0.59below the sector's middle half▲ 0.321.70within the sector's middle half▲ 1.102.60within the sector's middle half▲ 0.911.38within the sector's middle half▼ 1.232.29within the sector's middle half▲ 0.91
Return on assets (ROA)9.2%within the sector's middle half▲ 36.6pp54.3%above the sector's middle half▲ 45.0pp23.0%above the sector's middle half▼ 31.2pp-2.4%below the sector's middle half▼ 25.4pp-31.7%below the sector's middle half▼ 29.3pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5,833 after €972 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20,747
Fixed assets
€3,773 ▼ 24.6%
Current assets
€16,974 ▼ 68.9%
Equity and liabilities €20,747
Equity
€13,329 ▼ 33.1%
Debt
€7,418 ▼ 81.3%
Debt's share of the balance-sheet total falls from 66.6% to 35.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,537▼
2024 · €4,785
Cash flow
-€5,288▼
2024 · €2,392
Quick ratio
1.95▲
2024 · 1.16
Debt to equity
0.56▼
2024 · 1.99
ROE
-49.4%▼
2024 · -7.1%
Interest coverage
-11.08▼
2024 · 2.12
Debt ≤ 1 year
€7,418▼
2024 · €39,681
Income taxes
€341▲
2024 · €140
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
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 2.6% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,592 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 | - | €1,546 | €349 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,405 | €4,724 | €5,655 | €3,812 | €1,295 | ▼ 66.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,016 | - | - | - |
| Other operating charges640/8 | €662 | €1,209 | €1,489 | €1,780 | €985 | ▼ 44.7% |
| Non-recurring operating charges66A | - | €1,893 | €214 | - | €876 | - |
| Gross operating margin9900 | €9,973 | €33,032 | €18,899 | €6,564 | -€2,676 | ▼ 141% |
| Operating profit (loss)9901 | €3,906 | €25,206 | €10,525 | €972 | -€5,833 | ▼ 700% |
| Financial income75/76B | €22 | €50 | €26 | €6 | €0 | ▼ 98.9% |
| Recurring financial income75 | €22 | €50 | €26 | €6 | €0 | ▼ 98.9% |
| Financial charges65/66B | €355 | €821 | €792 | €2,259 | €410 | ▼ 81.9% |
| Recurring financial charges65 | €355 | €821 | €792 | €2,259 | €410 | ▼ 81.9% |
| Profit (loss) for the period before taxes9903 | €3,573 | €24,434 | €9,759 | -€1,281 | -€6,242 | ▼ 387% |
| Income taxes67/77 | €1,293 | €7,152 | €2,528 | €140 | €341 | ▲ 144% |
| Profit (loss) for the period9904 | €2,280 | €17,283 | €7,230 | -€1,420 | -€6,583 | ▼ 364% |
| Profit (loss) for the period to be appropriated9905 | €2,280 | €17,283 | €7,230 | -€1,420 | -€6,583 | ▼ 364% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,689 | €31,851 | €31,381 | €59,593 | €20,747 | ▼ 65.2% |
| Fixed assets21/28 | €10,034 | €7,048 | €5,261 | €5,003 | €3,773 | ▼ 24.6% |
| Intangible fixed assets21 | €2,766 | €1,562 | €717 | €238 | - | - |
| Tangible fixed assets22/27 | €7,268 | €5,486 | €4,544 | €4,765 | €3,773 | ▼ 20.8% |
| Plant, machinery and equipment23 | €316 | €740 | €530 | €319 | €1,345 | ▲ 322% |
| Furniture and vehicles24 | €6,952 | €4,746 | €4,015 | €4,446 | €2,428 | ▼ 45.4% |
| Current assets29/58 | €14,655 | €24,803 | €26,120 | €54,591 | €16,974 | ▼ 68.9% |
| Stocks and contracts in progress3 | - | €4,535 | €0 | €8,700 | €2,500 | ▼ 71.3% |
| Stocks30/36 | - | - | - | €8,700 | €2,500 | ▼ 71.3% |
| Contracts in progress37 | - | €4,535 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €518 | €6,110 | €6,031 | €42,997 | €7,015 | ▼ 83.7% |
| Trade receivables40 | €145 | €3,172 | €490 | €42,384 | €490 | ▼ 98.8% |
| Other amounts receivable41 | €373 | €2,939 | €5,541 | €613 | €6,525 | ▲ 965% |
| Cash at bank and in hand54/58 | €12,244 | €10,898 | €17,251 | €2,363 | €6,247 | ▲ 164% |
| Deferred charges and accrued income490/1 | €1,893 | €3,259 | €2,838 | €532 | €1,212 | ▲ 128% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,689 | €31,851 | €31,381 | €59,593 | €20,747 | ▼ 65.2% |
| Equity10/15 | -€54 | €17,229 | €21,332 | €19,912 | €13,329 | ▼ 33.1% |
| Contributions10/11 | - | - | - | €2,000 | €2,000 | = |
| Reserves13 | €2,000 | €2,000 | €9,230 | €7,230 | €7,230 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | - | - | - |
| Distributable reserves133 | - | - | €7,230 | €7,230 | €7,230 | = |
| Profit (loss) carried forward14 | -€2,054 | €15,229 | €12,102 | €10,682 | €4,099 | ▼ 61.6% |
| Amounts payable17/49 | €24,743 | €14,623 | €10,048 | €39,681 | €7,418 | ▼ 81.3% |
| Amounts payable within one year42/48 | €24,743 | €14,623 | €10,037 | €39,681 | €7,418 | ▼ 81.3% |
| Current portion of amounts payable after more than one year42 | - | €7,500 | - | - | - | - |
| Trade debts44 | €15,158 | €706 | €793 | €1,135 | €257 | ▼ 77.4% |
| Suppliers440/4 | €15,158 | €706 | €793 | €1,135 | €257 | ▼ 77.4% |
| Advances received on contracts in progress46 | - | €4,807 | - | €30,000 | €3,982 | ▼ 86.7% |
| Taxes, remuneration and social security45 | €481 | €1,609 | €7,054 | €4,259 | €708 | ▼ 83.4% |
| Taxes450/3 | €481 | €1,609 | €7,054 | €2,259 | €708 | ▼ 68.7% |
| Remuneration and social security454/9 | - | - | - | €2,000 | - | - |
| Other amounts payable47/48 | €9,104 | - | €2,189 | €4,288 | €2,471 | ▼ 42.4% |
| Accrued charges and deferred income492/3 | - | - | €12 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,280 | €17,283 | €7,230 | -€1,420 | -€6,583 | ▼ 364% |
| + Depreciation and write-downs630 | €5,405 | €4,724 | €5,655 | €3,812 | €1,295 | ▼ 66.0% |
| Operating cash flow (approximation) | €7,685 | €22,007 | €12,885 | €2,392 | -€5,288 | ▼ 321% |
| Investment in fixed assets (approximation) | - | -€1,738 | -€3,868 | -€3,554 | -€66 | ▲ 98.2% |
| Change in cash | - | -€1,346 | €6,352 | -€14,888 | €3,884 | ▲ 126% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet -€6,583
Net result drops to -€6,583, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €17,283 ▲658%
Operating result €25,206, net result €17,283, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.70
Current ratio from 0.59 to 1.70; short-term debt falls from €24,743 to €14,623.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 390 days late
2021
31-12
Financial
Back to profitnet €2,280
Net result €2,280 after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette act processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gerpinnes · 1 establishment unit since 2020
Ground area
806 m²
Building footprint
155 m²
Volume, LiDAR
615 m³
Parcel 52001A0015/00G000, Wallonia · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RG Concept
since 2020unit no. 2.301.715.572
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52001A0015/00G000 | Wallonia | 806 m² | 1 · 155 m² | 8.2 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.
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Of 29,766 companies in this sector we hold annual accounts for 16,066. 10,324 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded28-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43350Other building finishing work
43910Bricklaying and masonry work
71112Activities of interior architects
74130Interior design
Contact
Website
www.rg-concept.be
E-mail
rg.concept.architecture@gmail.com
E-mail
ruggero.giuseppe@gmail.com
Phone
+32475924943
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746553768
Registered
31-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.