RIO+
ActiveSummary
The computed 12-month bankruptcy probability of RIO+ is 3.9% (moderate). The 2024 annual accounts show negative equity (-€793) and a net result of -€10,793. Its solvency ranks better than 12% of 9976 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability9
Solvency24
Growth-
Track record67
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.82; short-term debt: 100.4% and cash: 8.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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 2024Solvency, return and age of the figures
Solvency
-0.6%
Return on assets
-7.6%
Age of the figures
21 mo
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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2024
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 36 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€793
Total assets
€142,876
Net result
-€10,793
Working capital
-€26,489
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €142,876
Fixed assets
€25,946
Current assets
€116,930
Key figures and ratios
EBITDA
-€4,637
Cash flow
-€6,988
Solvency
-0.6%
Current ratio
0.82
Quick ratio
0.62
ROA
-7.6%
Interest coverage
-2.02
Debt
€143,669
Debt ≤ 1 year
€143,419
Income taxes
€56
Staff costs
€143,415
Equity ratios withheld: equity of -€793 is too small for a meaningful ratio.
Annual accounts
| Line | 2024 |
|---|---|
| Remuneration, social security and pensions62 | €143,415 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,805 |
| Other operating charges640/8 | €910 |
| Gross operating margin9900 | €139,688 |
| Operating profit (loss)9901 | -€8,442 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €2,295 |
| Recurring financial charges65 | €2,295 |
| Profit (loss) for the period before taxes9903 | -€10,737 |
| Income taxes67/77 | €56 |
| Profit (loss) for the period9904 | -€10,793 |
| Profit (loss) for the period to be appropriated9905 | -€10,793 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €142,876 | |
| Fixed assets21/28 | €25,946 | |
| Tangible fixed assets22/27 | €23,296 | |
| Plant, machinery and equipment23 | €10,736 | |
| Furniture and vehicles24 | €12,560 | |
| Financial fixed assets28 | €2,650 | |
| Current assets29/58 | €116,930 | |
| Stocks and contracts in progress3 | €28,694 | |
| Stocks30/36 | €15,991 | |
| Contracts in progress37 | €12,703 | |
| Amounts receivable within one year40/41 | €47,264 | |
| Trade receivables40 | €34,985 | |
| Other amounts receivable41 | €12,279 | |
| Cash at bank and in hand54/58 | €11,536 | |
| Deferred charges and accrued income490/1 | €29,436 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €142,876 | |
| Equity10/15 | -€793 | |
| Contributions10/11 | €10,000 | |
| Profit (loss) carried forward14 | -€10,793 | |
| Amounts payable17/49 | €143,669 | |
| Amounts payable within one year42/48 | €143,419 | |
| Financial debts43 | €125,000 | |
| Credit institutions430/8 | €125,000 | |
| Trade debts44 | €2,139 | |
| Suppliers440/4 | €2,139 | |
| Taxes, remuneration and social security45 | €16,280 | |
| Taxes450/3 | €1,361 | |
| Remuneration and social security454/9 | €14,919 | |
| Accrued charges and deferred income492/3 | €250 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | -€10,793 |
| + Depreciation and write-downs630 | €3,805 |
| Operating cash flow (approximation) | -€6,988 |
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Zottegem · 1 establishment unit since 2024
Ground area
993 m²
Building footprint
94 m²
Volume, LiDAR
592 m³
Parcel 41023A0273/00Z002, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RIO+
since 20242.358.759.292
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41023A0273/00Z002 | Flanders | 993 m² | 1 · 94 m² | 10.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,057 EUR awarded · 1,056 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 681 EUR | 760 EUR |
| 2024 | 1 | 376 EUR | 296 EUR |
Recognitions · licences · registrations
Recognised contractor
2 categoriesRIO+ BV46473
Similar companies · same sector and region
BUILTRO
BE 0449.880.654
Zottegem
De Spiegeleer - De Vroe TV
BE 1007.720.726
Zottegem
INDULEK PROJECTS
BE 0891.087.332
Zottegem
SAFI
BE 0889.305.106
Zottegem
SVSBOUW
BE 0506.937.044
Zottegem
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,456 companies in sector 41003 we hold annual accounts for 1,055. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-04-2024
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
42212Civil engineering
41001General construction of residential buildings
42220Construction of utility projects for electricity and telecommunications
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.