RG CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of RG CONSTRUCT is 2.7% (moderate). The 2025 annual accounts show equity of €10k and a net result of €1k. Its solvency ranks better than 34% of 27965 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-17
Solvency58▲+13
Growth52
Track record82
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.01 in 2024; short-term debt: 59.7% and cash: 40% of total assets), but 67.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 2 filingsDeviation from the deadline
2025
28 d late
2024
11 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k▲ 15.5%
2024 · €9k
2024: €9k
2025: €10k▲ +15.5% vs 2024
2024 → 2025
Total assets
€30k▼ 28.2%
2024 · €42k
2024: €42k
2025: €30k▼ -28.2% vs 2024
2024 → 2025
Net result
€1k▼ 82.5%
2024 · €8k
2024: €8k
2025: €1k▼ -82.5% vs 2024
2024 → 2025
Working capital
€10k▲ 3,830%
2024 · €244
2024: €244
2025: €10k▲ +3830% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€9k-€10k▲ 15.5%
2024: €9k
2025: €10k▲ +15.5% vs 2024
Operating result€13k-€5k▼ 58.1%
2024: €13k
2025: €5k▼ -58.1% vs 2024
Net result€8k-€1k▼ 82.5%
2024: €8k
2025: €1k▼ -82.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30k
Fixed assets
€3k ▼ 86.7%
Current assets
€28k ▲ 22.1%
Equity and liabilities €30k
Equity
€10k ▲ 15.5%
Debt
€20k ▼ 39.3%
Debt's share of the balance-sheet total falls from 79.6% to 67.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▼
2024 · €27k
Cash flow
€18k▼
2024 · €22k
Current ratio
1.53▲
2024 · 1.01
Debt to equity
2.06▼
2024 · 3.91
ROE
13.4%▼
2024 · 88.3%
ROA
4.4%▼
2024 · 18.0%
Interest coverage
6.77▼
2024 · 8.35
Debt ≤ 1 year
€18k▼
2024 · €22k
Debt > 1 year
€2k▼
2024 · €11k
Income taxes
€793▼
2024 · €2k
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 · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€42k€30k▼
Fixed assets21/28€19k€3k▼
Intangible fixed assets21€2k-
Tangible fixed assets22/27€18k€3k▼
Plant, machinery and equipment23€635€398▼
Furniture and vehicles24€5k€2k▼
Leasing and similar rights25€12k-
Current assets29/58€23k€28k▲
Amounts receivable within one year40/41€14k€15k▲
Trade receivables40€12k€13k▲
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€8k€12k▲
Deferred charges and accrued income490/1€651€585▼
Equity and liabilities
Total equity and liabilities10/49€42k€30k▼
Equity10/15€9k€10k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€8k€9k▲
Amounts payable17/49€34k€20k▼
Amounts payable after more than one year17€11k€2k▼
Financial debts170/4€11k€2k▼
Amounts payable within one year42/48€22k€18k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€88€6k▲
Suppliers440/4€88€6k▲
Taxes, remuneration and social security45€5k€948▼
Taxes450/3€5k€948▼
Other amounts payable47/48€9k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€17k▲
Other operating charges640/8€530€3k▲
Gross operating margin9900€28k€25k▼
Operating profit (loss)9901€13k€5k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€10k€2k▼
Income taxes67/77€2k€793▼
Profit (loss) for the period9904€8k€1k▼
Profit (loss) for the period to be appropriated9905€8k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€9k▲
Profit (loss) brought forward from the previous period14P-€8k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €17k | ▲ 19.3% |
| Other operating charges640/8 | €530 | €3k | ▲ 396% |
| Gross operating margin9900 | €28k | €25k | ▼ 9.7% |
| Operating profit (loss)9901 | €13k | €5k | ▼ 58.1% |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €3k | €3k | ▲ 1.6% |
| Recurring financial charges65 | €3k | €3k | ▲ 1.6% |
| Profit (loss) for the period before taxes9903 | €10k | €2k | ▼ 78.1% |
| Income taxes67/77 | €2k | €793 | ▼ 62.2% |
| Profit (loss) for the period9904 | €8k | €1k | ▼ 82.5% |
| Profit (loss) for the period to be appropriated9905 | €8k | €1k | ▼ 82.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €42k | €30k | ▼ 28.2% |
| Fixed assets21/28 | €19k | €3k | ▼ 86.7% |
| Intangible fixed assets21 | €2k | - | - |
| Tangible fixed assets22/27 | €18k | €3k | ▼ 85.2% |
| Plant, machinery and equipment23 | €635 | €398 | ▼ 37.4% |
| Furniture and vehicles24 | €5k | €2k | ▼ 55.7% |
| Leasing and similar rights25 | €12k | - | - |
| Current assets29/58 | €23k | €28k | ▲ 22.1% |
| Amounts receivable within one year40/41 | €14k | €15k | ▲ 4.4% |
| Trade receivables40 | €12k | €13k | ▲ 8.1% |
| Other amounts receivable41 | €2k | €2k | ▼ 18.2% |
| Cash at bank and in hand54/58 | €8k | €12k | ▲ 58.3% |
| Deferred charges and accrued income490/1 | €651 | €585 | ▼ 10.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €42k | €30k | ▼ 28.2% |
| Equity10/15 | €9k | €10k | ▲ 15.5% |
| Contributions10/11 | €1k | €1k | = |
| Profit (loss) carried forward14 | €8k | €9k | ▲ 17.5% |
| Amounts payable17/49 | €34k | €20k | ▼ 39.3% |
| Amounts payable after more than one year17 | €11k | €2k | ▼ 79.4% |
| Financial debts170/4 | €11k | €2k | ▼ 79.4% |
| Amounts payable within one year42/48 | €22k | €18k | ▼ 19.4% |
| Current portion of amounts payable after more than one year42 | €8k | €8k | ▲ 4.5% |
| Trade debts44 | €88 | €6k | ▲ 6,389% |
| Suppliers440/4 | €88 | €6k | ▲ 6,389% |
| Taxes, remuneration and social security45 | €5k | €948 | ▼ 81.4% |
| Taxes450/3 | €5k | €948 | ▼ 81.4% |
| Other amounts payable47/48 | €9k | €3k | ▼ 67.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €1k | ▼ 82.5% |
| + Depreciation and write-downs630 | €14k | €17k | ▲ 19.3% |
| Operating cash flow (approximation) | €22k | €18k | ▼ 16.2% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €4k | - |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
NBB filing
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
1 act for this company is 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 2024
Ground area
403 m²
Building footprint
135 m²
Volume, LiDAR
888 m³
Parcel 41042C0295/00M000, Flanders · tallest building 15.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RG CONSTRUCT
since 20242.363.659.970
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41042C0295/00M000 | Flanders | 403 m² | 1 · 135 m² | 15.6 m · 2 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 3,961 companies in sector 43331 we hold annual accounts for 1,788. 1,075 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
Founded04-09-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
43221Plumbing work
43230Insulation installation
43310Plastering work
43341Painting of buildings
43410Roofing work
Contact
E-mail
romangalimski@yahoo.comAalst
Scores and ratios are computed by Checked and are not a credit decision.