RHENO - BAT
ActiveThe computed 12-month bankruptcy probability of RHENO - BAT is 1.7% (moderate). The 2025 annual accounts show equity of €18k and a net result of €-18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 52% of 2031 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-87
Solvency82▼-17
Growth55▼-13
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.69 against 2.54 in 2024), but 55.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
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
44.5%
Return on assets
-44.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
1 d early
2023
8 d early
2022
41 d early
2021
40 d early
2020
10 d early
2019
80 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€90k▲ 153%
2022 · €36k
2022: €36k
2022 → 2023
EBIT margin
43.7%▲ 11.7pp
2022 · 32.0%
2022: 32.0%
2022 → 2023
Net result
€-18k
2024 · €6k
2019: €16k
2020: €8k
2021: €-17k
2022: €11k
2023: €26k
2024: €6k
2019 → 2025
Working capital
€16k▼ 57.0%
2024 · €36k
2019: €20k
2020: €28k
2021: €10k
2022: €3k
2023: €30k
2024: €36k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€36k€90k▲ 153%
Equity€11k-€4k▼ 65.2%€30k▲ 661%€36k▲ 21.0%€18k▼ 50.1%
Operating result€-14k-€11k€39k▲ 245%€10k▼ 75.4%€-18k
Net result€-17k-€11k€26k▲ 133%€6k▼ 75.8%€-18k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €18k after €10k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41k
Fixed assets
€3k
Current assets
€38k
Equity and liabilities €41k
Equity
€18k▼ 50.1%
Debt
€23k▼ 4.3%
The debt ratio rises from 39.4% to 55.5%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-18k▼
2024 · €10k
Cash flow
€-18k▼
2024 · €7k
Solvency
44.5%▼
2024 · 60.6%
Current ratio
1.69▼
2024 · 2.54
Quick ratio
1.69▼
2024 · 2.54
Debt / equity
1.25▲
2024 · 0.65
ROE
-100.3%▼
2024 · 17.4%
ROA
-44.6%▼
2024 · 10.5%
Interest coverage
-24.71▼
2024 · 14.02
Debt
€23k▼
2024 · €24k
Debt ≤ 1 year
€23k▼
2024 · €24k
Income taxes
€-859▼
2024 · €3k
Staff costs
€4k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€60k€41k▼
Fixed assets21/28-€3k
Tangible fixed assets22/27-€3k
Furniture and vehicles24-€3k
Current assets29/58€60k€38k▼
Amounts receivable within one year40/41€31k€24k▼
Trade receivables40€670€0▼
Other amounts receivable41€30k€24k▼
Cash at bank and in hand54/58€27k€13k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€60k€41k▼
Equity10/15€36k€18k▼
Reserves13€34k€34k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€32k€32k=
Profit (loss) carried forward14€2k€-16k▼
Amounts payable17/49€24k€23k▼
Amounts payable within one year42/48€24k€23k▼
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Advances received on contracts in progress46€4k-
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€3k€1k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48-€6k
Income statement
Code20242025
Remuneration, social security and pensions62€4k€4k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€355€175▼
Other operating charges640/8€384€772▲
Gross operating margin9900€15k€-13k▼
Operating profit (loss)9901€10k€-18k▼
Financial charges65/66B€717€734▲
Recurring financial charges65€717€734▲
Profit (loss) for the period before taxes9903€9k€-19k▼
Income taxes67/77€3k€-859▼
Profit (loss) for the period9904€6k€-18k▼
Profit (loss) for the period to be appropriated9905€6k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€-16k▼
Profit (loss) brought forward from the previous period14P€2k€2k=
Transfer to equity691/2€6k-
To other reserves6921€6k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Weakest financial yearnet €-18k ▼388%
Net result drops to €-18k, the lowest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Highest result since 2019net €26k ▲133%
Operating result €39k, net result €26k, both a record.
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Vorst · 1 establishment unit since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zevenbunderslaan 2731190 VorstGround area
319 m²
Building footprint
166 m²
Volume, LiDAR
1,368 m³
2 parcels, Brussels · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Generaal Henrystraat 73, 1040 Etterbeek
since 19992.092.906.345
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0020/00V017 | Brussels | 240 m² | 1 · 86 m² | 12.1 m · 3 fl. |
| 21362B0123/00E015 | Brussels | 79 m² | 1 · 79 m² | 13.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,063 companies in sector 43240 we hold annual accounts for 1,614. 1,081 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-03-1999
Fiscal year end30-06
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.