Rhino-Construct
Dissolution or liquidationSummary
The KBO register records for Rhino-Construct the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2022 annual accounts show equity of €209k and a net result of €114k.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 08-09-2023, 39 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
not confirmed
2024
not filed
2023
not filed
2022
39 d late
2021
31 d late
2020
30 d late
2019
35 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€114k
2021 · €-158k
2018: €27k
2019: €22k▼ -18.6% vs 2018
2020: €57k▲ +158% vs 2019
2021: €-158k▼ -380% vs 2020lowest in 5 years
2022: €114k▲ +172% vs 2021highest in 5 years
2018 → 2022
Working capital
€165k▲ 200%
2021 · €55k
2018: €6klowest in 5 years
2019: €46k▲ +675% vs 2018
2020: €191k▲ +316% vs 2019highest in 5 years
2021: €55k▼ -71.2% vs 2020
2022: €165k▲ +200% vs 2021
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€23k-€45k▲ 97.0%€101k▲ 127%€-45k€209k
2018: €23k
2019: €45k▲ +97.0% vs 2018
2020: €101k▲ +127% vs 2019
2021: €-45k▼ -144% vs 2020lowest in 5 years
2022: €209k▲ +566% vs 2021highest in 5 years
Operating result€32k-€32k▲ 1.2%€67k▲ 108%€-166k€149k
2018: €32k
2019: €32k▲ +1.2% vs 2018
2020: €67k▲ +108% vs 2019
2021: €-166k▼ -347% vs 2020lowest in 5 years
2022: €149k▲ +190% vs 2021highest in 5 years
Net result€27k-€22k▼ 18.6%€57k▲ 158%€-158k€114k
2018: €27k
2019: €22k▼ -18.6% vs 2018
2020: €57k▲ +158% vs 2019
2021: €-158k▼ -380% vs 2020lowest in 5 years
2022: €114k▲ +172% vs 2021highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €149k after a loss of €166k in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €381k
Fixed assets
€44k ▲ 11.2%
Current assets
€337k ▼ 11.7%
Equity and liabilities €381k
Equity
€209k
Debt
€172k
Debt finances 45.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€163k▲
2021 · €-146k
Cash flow
€128k▲
2021 · €-139k
Current ratio
1.96▲
2021 · 1.17
Debt to equity
0.83▲
2021 · -7.31
ROE
54.5%
ROA
29.8%▲
2021 · -37.5%
Interest coverage
542.79▲
2021 · -79.14
Debt ≤ 1 year
€172k▼
2021 · €327k
Income taxes
€35k▲
2021 · €7
Staff costs
€3k▼
2021 · €190k
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 · 2022 against 2021 · 48 lines
Balance sheet
Code20212022
Assets
Total assets20/58€421k€381k▼
Fixed assets21/28€39k€44k▲
Tangible fixed assets22/27€36k€41k▲
Plant, machinery and equipment23€13k€20k▲
Furniture and vehicles24€23k€21k▼
Financial fixed assets28€3k€3k=
Current assets29/58€382k€337k▼
Amounts receivable within one year40/41€364k€288k▼
Trade receivables40€226k€176k▼
Other amounts receivable41€138k€112k▼
Current investments50/53€124€124=
Cash at bank and in hand54/58€16k€48k▲
Deferred charges and accrued income490/1€1k€1k=
Equity and liabilities
Total equity and liabilities10/49€421k€381k▼
Equity10/15€-45k€209k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-65k€188k▲
Provisions and deferred taxes16€139k-
Provisions for liabilities and charges160/5€139k-
Environmental obligations163€139k-
Amounts payable17/49€327k€172k▼
Amounts payable within one year42/48€327k€172k▼
Trade debts44€264k€111k▼
Suppliers440/4€264k€111k▼
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€63k€60k▼
Taxes450/3€37k€60k▲
Remuneration and social security454/9€26k-
Income statement
Code20212022
Non-recurring operating income76A-€10k
Remuneration, social security and pensions62€190k€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€15k▼
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€12k€5k▼
Gross operating margin9900€58k€173k▲
Operating profit (loss)9901€-166k€149k▲
Financial income75/76B€9k-
Recurring financial income75€9k-
Financial charges65/66B€2k€301▼
Recurring financial charges65€2k€301▼
Profit (loss) for the period before taxes9903€-158k€148k▲
Income taxes67/77€7€35k▲
Profit (loss) for the period9904€-158k€114k▲
Profit (loss) for the period to be appropriated9905€-158k€114k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-65k€188k▲
Profit (loss) brought forward from the previous period14P€93k€74k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €10k | - |
| Remuneration, social security and pensions62 | - | - | - | €190k | €3k | ▼ 98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €20k | €18k | €20k | €15k | ▼ 25.5% |
| Other operating charges640/8 | - | - | - | €3k | €2k | ▼ 8.8% |
| Non-recurring operating charges66A | - | - | - | €12k | €5k | ▼ 53.1% |
| Gross operating margin9900 | €269k | €297k | €352k | €58k | €173k | ▲ 198% |
| Operating profit (loss)9901 | €32k | €32k | €67k | €-166k | €149k | ▲ 190% |
| Financial income75/76B | - | - | - | €9k | - | - |
| Recurring financial income75 | €2 | €663 | €10k | €9k | - | - |
| Financial charges65/66B | - | - | - | €2k | €301 | ▼ 83.7% |
| Recurring financial charges65 | €482 | €674 | €2k | €2k | €301 | ▼ 83.7% |
| Profit (loss) for the period before taxes9903 | €31k | €32k | €75k | €-158k | €148k | ▲ 194% |
| Income taxes67/77 | €4k | €10k | €19k | €7 | €35k | ▲ 496,969% |
| Profit (loss) for the period9904 | €27k | €22k | €57k | €-158k | €114k | ▲ 172% |
| Profit (loss) for the period to be appropriated9905 | €27k | €22k | €57k | €-158k | €114k | ▲ 172% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €183k | €269k | €495k | €421k | €381k | ▼ 9.6% |
| Fixed assets21/28 | €17k | €32k | €49k | €39k | €44k | ▲ 11.2% |
| Tangible fixed assets22/27 | €15k | €31k | €46k | €36k | €41k | ▲ 12.1% |
| Plant, machinery and equipment23 | - | - | - | €13k | €20k | ▲ 45.9% |
| Furniture and vehicles24 | - | - | - | €23k | €21k | ▼ 7.7% |
| Financial fixed assets28 | €2k | €2k | €3k | €3k | €3k | = |
| Current assets29/58 | €166k | €237k | €446k | €382k | €337k | ▼ 11.7% |
| Amounts receivable within one year40/41 | €126k | €156k | €187k | €364k | €288k | ▼ 21.0% |
| Trade receivables40 | - | - | - | €226k | €176k | ▼ 22.0% |
| Other amounts receivable41 | - | - | - | €138k | €112k | ▼ 19.2% |
| Current investments50/53 | - | - | €124 | €124 | €124 | = |
| Cash at bank and in hand54/58 | €33k | €80k | €253k | €16k | €48k | ▲ 196% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | €1k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €183k | €269k | €495k | €421k | €381k | ▼ 9.6% |
| Equity10/15 | €23k | €45k | €101k | €-45k | €209k | ▲ 566% |
| Contributions10/11 | €6k | €6k | - | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €15k | €36k | €93k | €-65k | €188k | ▲ 388% |
| Provisions and deferred taxes16 | - | €33k | €139k | €139k | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €139k | - | - |
| Environmental obligations163 | - | - | - | €139k | - | - |
| Amounts payable17/49 | €160k | €192k | €255k | €327k | €172k | ▼ 47.3% |
| Amounts payable within one year42/48 | €160k | €191k | €255k | €327k | €172k | ▼ 47.3% |
| Trade debts44 | €92k | €123k | €186k | €264k | €111k | ▼ 57.9% |
| Suppliers440/4 | - | - | - | €264k | €111k | ▼ 57.9% |
| Advances received on contracts in progress46 | - | - | - | - | €1k | - |
| Taxes, remuneration and social security45 | - | - | - | €63k | €60k | ▼ 5.0% |
| Taxes450/3 | - | - | - | €37k | €60k | ▲ 63.0% |
| Remuneration and social security454/9 | - | - | - | €26k | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €22k | €57k | €-158k | €114k | ▲ 172% |
| + Depreciation and write-downs630 | €10k | €20k | €18k | €20k | €15k | ▼ 25.5% |
| Operating cash flow (approximation) | €37k | €42k | €75k | €-139k | €128k | ▲ 193% |
| Investment in fixed assets (approximation) | - | €-35k | €-35k | €-10k | €-19k | ▼ 96.2% |
| Change in cash | - | €47k | €173k | €-237k | €32k | ▲ 113% |
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
2023
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 39 days late
2022
31-12
Financial
Back to profitnet €114k
Net result €114k after one loss-making year.
31-12
Financial
Equity above €200kEq €209k
Equity rises from €-45k to €209k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-158k
Net result drops to €-158k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €100kEq €101k ▲127%
3 profitable years in a row build equity to €101k.
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 35 days late
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 89 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 50 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Linkebeek · 1 establishment unit since 2016
Ground area
1,134 m²
Building footprint
561 m²
Volume, LiDAR
4,367 m³
Parcel 22003A0047/00X008, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
78
companies at this address
See who is registered here
1 establishment unit
Rhino-Construct
since 20162.259.522.255
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22003A0047/00X008 | Flanders | 1,134 m² | 1 · 561 m² | 11.6 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-2016
Fiscal year end31-12
Contact
E-mail
younes.rhinoconstruct@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.