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RIFI CONSTRUCT

Active
Private limited companyfounded 20233 yrs activeBrusselsesteenweg 18 A, 1731 Asse, BelgiumKBO/BCE: BE 0803.689.738
Summary

The computed 12-month bankruptcy probability of RIFI CONSTRUCT is 3.3% (moderate). The 2024 annual accounts show equity of €7,587 and a net result of €4,587. Its solvency ranks better than 14% of 36381 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability66
Solvency35
Growth-
Track record79
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.06; short-term debt: 89.7% of total assets), and 89.7% 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○neutral
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2024
Solvency, return and age of the figures
Solvency
10.3%
Return on assets
6.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 36381 sector peers (2024).
NBB · sector comparison
Position among 36381 sector peers
Solvency
better than 14%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-08-2025, 17 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 · 1 filing
Deviation from the deadline
2024
17 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 17 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 6 July 2023, RIFI CONSTRUCT was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Turnover
€107,621
EBIT margin
5.5%
Net result
€4,587
Working capital
€4,254

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €73,317
Fixed assets €3,333
Current assets €69,984
Equity and liabilities €73,317
Equity €7,587
Debt €65,730
Debt finances 89.7% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€6,564
Cash flow
€5,254
Current ratio
1.06
Quick ratio
0.76
Debt to equity
8.66
ROE
60.5%
ROA
6.3%
Interest coverage
56.56
Debt ≤ 1 year
€65,730
Income taxes
€1,195

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 7,976 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 · 43 lines
Balance sheet Code2024
Assets
Total assets20/58€73,317
Fixed assets21/28€3,333
Tangible fixed assets22/27€3,333
Furniture and vehicles24€3,333
Current assets29/58€69,984
Stocks and contracts in progress3€19,745
Stocks30/36€19,745
Amounts receivable within one year40/41€37,599
Trade receivables40€36,621
Other amounts receivable41€978
Current investments50/53€12,442
Deferred charges and accrued income490/1€198
Equity and liabilities
Total equity and liabilities10/49€73,317
Equity10/15€7,587
Contributions10/11€3,000
Outside capital11€3,000
Share premium1100/10€3,000
Profit (loss) carried forward14€4,587
Amounts payable17/49€65,730
Amounts payable within one year42/48€65,730
Trade debts44€32,490
Suppliers440/4€32,490
Taxes, remuneration and social security45€11,151
Taxes450/3€1,951
Remuneration and social security454/9€9,200
Other amounts payable47/48€22,089
Income statement Code2024
Turnover70€107,621
Non-recurring operating income76A€84
Goods, raw materials, services and sundry goods60/61€97,018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€667
Other operating charges640/8€3,932
Non-recurring operating charges66A€192
Gross operating margin9900€10,688
Operating profit (loss)9901€5,898
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€116
Recurring financial charges65€116
Profit (loss) for the period before taxes9903€5,782
Income taxes67/77€1,195
Profit (loss) for the period9904€4,587
Profit (loss) for the period to be appropriated9905€4,587
Appropriation of the result
Profit (loss) to be appropriated9906€4,587

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Turnover70€107,621
Non-recurring operating income76A€84
Goods, raw materials, services and sundry goods60/61€97,018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€667
Other operating charges640/8€3,932
Non-recurring operating charges66A€192
Gross operating margin9900€10,688
Operating profit (loss)9901€5,898
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€116
Recurring financial charges65€116
Profit (loss) for the period before taxes9903€5,782
Income taxes67/77€1,195
Profit (loss) for the period9904€4,587
Profit (loss) for the period to be appropriated9905€4,587
Line2024
Assets
Total assets20/58€73,317
Fixed assets21/28€3,333
Tangible fixed assets22/27€3,333
Furniture and vehicles24€3,333
Current assets29/58€69,984
Stocks and contracts in progress3€19,745
Stocks30/36€19,745
Amounts receivable within one year40/41€37,599
Trade receivables40€36,621
Other amounts receivable41€978
Current investments50/53€12,442
Deferred charges and accrued income490/1€198
Equity and liabilities
Total equity and liabilities10/49€73,317
Equity10/15€7,587
Contributions10/11€3,000
Outside capital11€3,000
Share premium1100/10€3,000
Profit (loss) carried forward14€4,587
Amounts payable17/49€65,730
Amounts payable within one year42/48€65,730
Trade debts44€32,490
Suppliers440/4€32,490
Taxes, remuneration and social security45€11,151
Taxes450/3€1,951
Remuneration and social security454/9€9,200
Other amounts payable47/48€22,089
Line2024
Profit (loss) for the period9904€4,587
+ Depreciation and write-downs630€667
Operating cash flow (approximation)€5,254

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

2025
17-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 17 days late
NBB filing
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Asse · 1 establishment unit since 2023
seat establishment approximate The establishment unit on the map
Ground area
1.7 ha
Building footprint
109 m²
Volume, LiDAR
589 m³
2 parcels, Flanders, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RIFI CONSTRUCT
Avenue de la Corderie(H) 8, 7301 BoussuGeneral construction of buildings
since 20232.351.997.897
2 parcels
Flanders 1 (50%) Wallonia 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
53041A0127/00T002 Wallonia 1.6 ha 1 · 1 m² -
23095B0125/00L000 Flanders 888 m² 1 · 108 m² 9.3 m · 2 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 15,524 companies in sector 43990 we hold annual accounts for 7,429. 3,530 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
Founded06-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0803689738
Also 9925:BE0803689738
Registered 28-12-2025

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

Register as of 29 September 2026 · Peppol Directory

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