RH Construct
ActiveThe file of RH Construct contains 1 judicial reorganisation, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 7.4% (elevated). The 2024 annual accounts show equity of €137,422 and a net result of €1,262. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 71% of 2095 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability67▼-8
Solvency83▲+6
Growth35▼-17
Track record60
Bankruptcy probability, 12 months
7.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.34 against 2.11 in 2023; short-term debt: 33.5% and cash: 9.7% of total assets), and 41.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2023
47 d early
2022
112 d late
2021
106 d late
2020
88 d late
2019
118 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, abbreviated schema
Turnover
€659,833▼ 33.4%
2021 · €990,792
EBIT margin
1.1%▼ 0.2pp
2021 · 1.2%
Net result
€1,262▼ 90.5%
2023 · €13,339
Working capital
€105,780▲ 2.2%
2023 · €103,524
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€990,792€659,833▼ 33.4%
Operating result€55,982▲ 252%€12,335▼ 78.0%€7,214▼ 41.5%€18,536▲ 157%€8,272▼ 55.4%
Net result€52,519▲ 266%€2,754▼ 94.8%€6,645▲ 141%€13,339▲ 101%€1,262▼ 90.5%
EBIT margin1.2%1.1%▼ 0.2pp
Equity€113,421▲ 86.2%€116,176▲ 2.4%€122,820▲ 5.7%€136,160▲ 10.9%€137,422▲ 0.9%
Total assets€199,318▲ 192%€359,550▲ 80.4%€319,738▼ 11.1%€263,028▼ 17.7%€236,116▼ 10.2%
Debt€85,897▲ 1,077%€243,374▲ 183%€196,918▼ 19.1%€126,868▼ 35.6%€98,694▼ 22.2%
Working capital€49,875▲ 27.0%€49,978▲ 0.2%€55,351▲ 10.8%€103,524▲ 87.0%€105,780▲ 2.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 55% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €236,116
Fixed assets
€51,203 ▼ 22.9%
Current assets
€184,912 ▼ 5.9%
Equity and liabilities €236,116
Equity
€137,422 ▲ 0.9%
Debt
€98,694 ▼ 22.2%
Debt's share of the balance-sheet total falls from 48.2% to 41.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26,538▼
2023 · €45,760
Cash flow
€19,528▼
2023 · €40,563
Current ratio
2.34▲
2023 · 2.11
Debt to equity
0.72▼
2023 · 0.93
ROE
0.9%▼
2023 · 9.8%
ROA
0.5%▼
2023 · 5.1%
Interest coverage
5.66▼
2023 · 17.55
Debt ≤ 1 year
€79,133▼
2023 · €93,081
Debt > 1 year
€19,561▼
2023 · €33,787
Income taxes
€2,320▼
2023 · €2,589
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €990,792 | €659,833 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €973,387 | €651,517 | - | - | - |
| Remuneration, social security and pensions62 | - | €587 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,960 | - | - | €27,223 | €18,267 | ▼ 32.9% |
| Other operating charges640/8 | - | €4,483 | €1,102 | €3,429 | €4,525 | ▲ 32.0% |
| Gross operating margin9900 | €95,945 | €17,405 | €8,315 | €49,189 | €31,063 | ▼ 36.8% |
| Operating profit (loss)9901 | €55,982 | €12,335 | €7,214 | €18,536 | €8,272 | ▼ 55.4% |
| Financial charges65/66B | - | €740 | €569 | €2,608 | €4,690 | ▲ 79.9% |
| Recurring financial charges65 | €1,463 | €740 | €569 | €2,608 | €4,690 | ▲ 79.9% |
| Profit (loss) for the period before taxes9903 | €54,519 | €11,595 | €6,645 | €15,929 | €3,582 | ▼ 77.5% |
| Income taxes67/77 | €2,000 | €8,841 | - | €2,589 | €2,320 | ▼ 10.4% |
| Profit (loss) for the period9904 | €52,519 | €2,754 | €6,645 | €13,339 | €1,262 | ▼ 90.5% |
| Profit (loss) for the period to be appropriated9905 | €52,519 | €2,754 | €6,645 | €13,339 | €1,262 | ▼ 90.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €199,318 | €359,550 | €319,738 | €263,028 | €236,116 | ▼ 10.2% |
| Fixed assets21/28 | €89,723 | €92,375 | €93,646 | €66,423 | €51,203 | ▼ 22.9% |
| Tangible fixed assets22/27 | €88,443 | €90,975 | €92,246 | €65,023 | €49,803 | ▼ 23.4% |
| Furniture and vehicles24 | - | €45,211 | €46,482 | €29,698 | €24,919 | ▼ 16.1% |
| Leasing and similar rights25 | - | €45,764 | €45,764 | €35,324 | €24,884 | ▼ 29.6% |
| Financial fixed assets28 | €1,280 | €1,400 | €1,400 | €1,400 | €1,400 | = |
| Current assets29/58 | €109,595 | €267,175 | €226,093 | €196,605 | €184,912 | ▼ 5.9% |
| Stocks and contracts in progress3 | - | - | - | €30,085 | - | - |
| Contracts in progress37 | - | - | - | €30,085 | - | - |
| Amounts receivable within one year40/41 | €88,531 | €212,603 | €135,041 | €142,886 | €159,621 | ▲ 11.7% |
| Trade receivables40 | - | €54,152 | - | €35,301 | €39,892 | ▲ 13.0% |
| Other amounts receivable41 | - | €158,452 | €135,041 | €107,584 | €119,729 | ▲ 11.3% |
| Cash at bank and in hand54/58 | €19,646 | €30,125 | €49,487 | €21,224 | €22,881 | ▲ 7.8% |
| Deferred charges and accrued income490/1 | - | €24,447 | €41,564 | €2,410 | €2,410 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €199,318 | €359,550 | €319,738 | €263,028 | €236,116 | ▼ 10.2% |
| Equity10/15 | €113,421 | €116,176 | €122,820 | €136,160 | €137,422 | ▲ 0.9% |
| Contributions10/11 | €10,000 | €11,000 | €11,000 | €11,000 | €11,000 | = |
| Reserves13 | €1,000 | - | - | - | - | - |
| Profit (loss) carried forward14 | €102,421 | €105,176 | €111,820 | €125,160 | €126,422 | ▲ 1.0% |
| Amounts payable17/49 | €85,897 | €243,374 | €196,918 | €126,868 | €98,694 | ▼ 22.2% |
| Amounts payable after more than one year17 | €26,177 | €26,177 | €26,177 | €33,787 | €19,561 | ▼ 42.1% |
| Financial debts170/4 | - | €26,177 | €26,177 | €33,787 | €19,561 | ▼ 42.1% |
| Amounts payable within one year42/48 | €59,720 | €217,198 | €170,741 | €93,081 | €79,133 | ▼ 15.0% |
| Current portion of amounts payable after more than one year42 | - | €263 | - | €19,076 | €17,028 | ▼ 10.7% |
| Trade debts44 | €43,358 | €75,002 | €101,077 | €58,295 | €32,931 | ▼ 43.5% |
| Suppliers440/4 | - | €75,002 | €101,077 | €58,295 | €32,931 | ▼ 43.5% |
| Taxes, remuneration and social security45 | - | €139,934 | €24,063 | €8,109 | €16,929 | ▲ 109% |
| Taxes450/3 | - | €115,871 | - | €109 | €2,429 | ▲ 2,134% |
| Remuneration and social security454/9 | - | €24,063 | €24,063 | €8,000 | €14,500 | ▲ 81.3% |
| Other amounts payable47/48 | - | €1,999 | €45,601 | €7,602 | €12,246 | ▲ 61.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,519 | €2,754 | €6,645 | €13,339 | €1,262 | ▼ 90.5% |
| + Depreciation and write-downs630 | €16,960 | - | - | €27,223 | €18,267 | ▼ 32.9% |
| Operating cash flow (approximation) | €69,479 | €2,754 | €6,645 | €40,563 | €19,528 | ▼ 51.9% |
| Investment in fixed assets (approximation) | - | -€2,652 | -€1,271 | €0 | -€3,047 | - |
| Change in cash | - | €10,479 | €19,362 | -€28,263 | €1,657 | ▲ 106% |
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
2026
31-03
Judicial reorganisation
Plan homologation
ondernemingsrechtbank Brussel · event 23-03-2026
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 67 days late
2024
31-12
Financial
Weakest financial yearnet €1,262 ▼90.5%
Net result drops to €1,262, the lowest in the series.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 112 days late
2022
14-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 106 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
31-12
Financial
Highest result since 2018net €52,519 ▲266%
Operating result €55,982, net result €52,519, both a record.
31-12
Financial
Equity above €100,000Eq €113,421 ▲86.2%
3 profitable years in a row build equity to €113,421.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 118 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 6.38
Current ratio from 1.77 to 6.38; short-term debt falls from €33,710 to €7,301.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 71 days late
Show earlier events
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 112 days late
05-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 217 days late
2016
02-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 124 days late
SignalFinancial 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, Kampenhout · 1 establishment unit since 2014
Ground area
215 m²
Building footprint
215 m²
Volume, LiDAR
888 m³
Parcel 23008C0003/00M000, Flanders · tallest building 4.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RH Construct
since 20142.280.461.585
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23008C0003/00M000 | Flanders | 215 m² | 1 · 215 m² | 4.9 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.
Similar companies · same sector, comparable size
MAKRYBO
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MIRENO
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STEPHANE CONSTRUCTIONS
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ALGEMENE BOUWWERKEN MICHEL WOUTERS
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 12,775 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met onbeperkte aansprakelijkheid
Founded05-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43211General electrical installation work
43240Other construction installation
43350Other building finishing work
Contact
E-mail
info@rhconstruct.beKampenhout
Scores and ratios are computed by Checked and are not a credit decision.