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RG LOCATION

Active
Private limited companyfounded 20223 yrs activeRue Lombard 69, 4041 Herstal, BelgiumKBO/BCE: BE 0795.276.373
Summary

The computed 12-month bankruptcy probability of RG LOCATION is 2.3% (moderate). The 2024 annual accounts show equity of €175,958 and a net result of €61,671. Its solvency ranks better than 60% of 2025 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88▼-12
Solvency68▼-6
Growth52
Track record86
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.78 against 1.61 in 2023; short-term debt: 29.3% and cash: 13.3% of total assets), but 56.7% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-11-2025, 99 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
99 d late
2023
61 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 80 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address strikeout annulled

History

RG LOCATION was incorporated on 22 December 2022 as a Private limited company.1 The registered office was moved to Vottem in 2026.2 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 25-03-2026
  3. 3National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€175,958▲ 54.0%
2023 · €114,287
Total assets
€406,818▲ 75.7%
2023 · €231,557
Net result
€61,671▼ 44.6%
2023 · €111,287
Working capital
€92,461▲ 30.3%
2023 · €70,980
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing 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
Line20232024
Operating result€148,179-€80,018▼ 46.0%
Net result€111,287above the sector's middle half-€61,671above the sector's middle half▼ 44.6%
Equity€114,287within the sector's middle half-€175,958above the sector's middle half▲ 54.0%
Total assets€231,557within the sector's middle half-€406,818within the sector's middle half▲ 75.7%
Debt€117,271-€230,859▲ 96.9%
Working capital€70,980above the sector's middle half-€92,461above the sector's middle half▲ 30.3%
Solvency49.4%within the sector's middle half-43.3%within the sector's middle half▼ 6.1pp
Current ratio1.61within the sector's middle half-1.78within the sector's middle half▲ 0.17
Return on assets (ROA)48.1%above the sector's middle half-15.2%above the sector's middle half▼ 32.9pp
Staff (FTE)1.2-1.3▲ 8.3%
above within below the middle half (P25 to P75) of NACE 77, Rental and leasing 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
€0€50,000€100,000€150,000Operating result 2023: €148,179€148,179Net result 2023: €111,287€111,287Operating result 2024: €80,018€80,018Net result 2024: €61,671€61,67120232024€0€50,000€100,000€150,000Operating result 2023: €148,179€148,000Net result 2023: €111,287€111,000Operating result 2024: €80,018€80,000Net result 2024: €61,671€61,70020232024
The operating result falls in 2024; 2024 is 46% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €406,818
Fixed assets €195,154 ▲ 351%
Current assets €211,663 ▲ 12.4%
Equity and liabilities €406,818
Equity €175,958 ▲ 54.0%
Debt €230,859 ▲ 96.9%
Debt's share of the balance-sheet total rises from 50.6% to 56.7%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€109,919▼
2023 · €150,532
Cash flow
€91,572▼
2023 · €113,640
Debt to equity
1.31▲
2023 · 1.03
ROE
35.0%▼
2023 · 97.4%
Interest coverage
38.61▼
2023 · 148.25
Debt ≤ 1 year
€119,202▲
2023 · €117,271
Debt > 1 year
€111,658
Income taxes
€15,500▼
2023 · €35,877
Staff costs
€70,666▲
2023 · €58,040
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,276 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet Code20232024
Assets
Total assets20/58€231,557€406,818▲
Fixed assets21/28€43,307€195,154▲
Tangible fixed assets22/27€43,307€195,154▲
Plant, machinery and equipment23€43,307€156,667▲
Furniture and vehicles24-€38,488
Current assets29/58€188,251€211,663▲
Amounts receivable within one year40/41€174,341€157,559▼
Trade receivables40€174,251€156,990▼
Other amounts receivable41€90€570▲
Cash at bank and in hand54/58€13,068€54,104▲
Deferred charges and accrued income490/1€841-
Equity and liabilities
Total equity and liabilities10/49€231,557€406,818▲
Equity10/15€114,287€175,958▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€111,287€172,958▲
Amounts payable17/49€117,271€230,859▲
Amounts payable after more than one year17-€111,658
Financial debts170/4-€111,658
Amounts payable within one year42/48€117,271€119,202▲
Current portion of amounts payable after more than one year42-€17,686
Trade debts44€63,998€29,170▼
Suppliers440/4€63,998€29,170▼
Taxes, remuneration and social security45€53,273€63,346▲
Taxes450/3€47,897€61,283▲
Remuneration and social security454/9€5,376€2,062▼
Other amounts payable47/48-€9,000
Income statement Code20232024
Remuneration, social security and pensions62€58,040€70,666▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,353€29,900▲
Other operating charges640/8-€1,599
Gross operating margin9900€208,572€182,183▼
Operating profit (loss)9901€148,179€80,018▼
Financial income75/76B€0€0=
Recurring financial income75€0€0=
Financial charges65/66B€1,015€2,847▲
Recurring financial charges65€1,015€2,847▲
Profit (loss) for the period before taxes9903€147,164€77,171▼
Income taxes67/77€35,877€15,500▼
Profit (loss) for the period9904€111,287€61,671▼
Profit (loss) for the period to be appropriated9905€111,287€61,671▼
Appropriation of the result
Profit (loss) to be appropriated9906€111,287€172,958▲
Profit (loss) brought forward from the previous period14P-€111,287

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62€58,040€70,666▲ 21.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,353€29,900▲ 1,171%
Other operating charges640/8-€1,599-
Gross operating margin9900€208,572€182,183▼ 12.7%
Operating profit (loss)9901€148,179€80,018▼ 46.0%
Financial income75/76B€0€0=
Recurring financial income75€0€0=
Financial charges65/66B€1,015€2,847▲ 180%
Recurring financial charges65€1,015€2,847▲ 180%
Profit (loss) for the period before taxes9903€147,164€77,171▼ 47.6%
Income taxes67/77€35,877€15,500▼ 56.8%
Profit (loss) for the period9904€111,287€61,671▼ 44.6%
Profit (loss) for the period to be appropriated9905€111,287€61,671▼ 44.6%
Line20232024Change
Assets
Total assets20/58€231,557€406,818▲ 75.7%
Fixed assets21/28€43,307€195,154▲ 351%
Tangible fixed assets22/27€43,307€195,154▲ 351%
Plant, machinery and equipment23€43,307€156,667▲ 262%
Furniture and vehicles24-€38,488-
Current assets29/58€188,251€211,663▲ 12.4%
Amounts receivable within one year40/41€174,341€157,559▼ 9.6%
Trade receivables40€174,251€156,990▼ 9.9%
Other amounts receivable41€90€570▲ 533%
Cash at bank and in hand54/58€13,068€54,104▲ 314%
Deferred charges and accrued income490/1€841--
Equity and liabilities
Total equity and liabilities10/49€231,557€406,818▲ 75.7%
Equity10/15€114,287€175,958▲ 54.0%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€111,287€172,958▲ 55.4%
Amounts payable17/49€117,271€230,859▲ 96.9%
Amounts payable after more than one year17-€111,658-
Financial debts170/4-€111,658-
Amounts payable within one year42/48€117,271€119,202▲ 1.6%
Current portion of amounts payable after more than one year42-€17,686-
Trade debts44€63,998€29,170▼ 54.4%
Suppliers440/4€63,998€29,170▼ 54.4%
Taxes, remuneration and social security45€53,273€63,346▲ 18.9%
Taxes450/3€47,897€61,283▲ 27.9%
Remuneration and social security454/9€5,376€2,062▼ 61.6%
Other amounts payable47/48-€9,000-
Line20232024Change
Profit (loss) for the period9904€111,287€61,671▼ 44.6%
+ Depreciation and write-downs630€2,353€29,900▲ 1,171%
Operating cash flow (approximation)€113,640€91,572▼ 19.4%
Investment in fixed assets (approximation)--€181,748-
Change in cash-€41,036-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
27-03
KBO administration Address strikeout annulled
25-03
State Gazette act Registered office
Registered-office move2 facts ▸
  • General meeting, 21/08/2025
  • Registered-office move, rue Lombard, 69 à 4041 VOTTEM
2025
07-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 99 days late
2024
31-12
Financial Equity above €150,000Eq €175,958 ▲54%
2 profitable years in a row build equity to €175,958.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
2,228 m²
Building footprint
226 m²
Volume, LiDAR
753 m³
2 parcels, Wallonia · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Hoyoux 88, 4040 Herstal
Rental and leasing activities
since 20232.389.189.083
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62112B0972/00E000 Wallonia 1,920 m² 1 · 156 m² -
62313E0689/00L000 Wallonia 308 m² 1 · 71 m² 12.3 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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

Of 666 companies in sector 77320 we hold annual accounts for 491. 367 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
Founded22-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
77320Rental and leasing activities
41001General construction of residential buildings
41003General construction of other non-residential buildings
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0795276373
Also 9925:BE0795276373
Registered 25-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.