RJ CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of RJ CONSTRUCT is 2.3% (moderate). The 2025 annual accounts show equity of €36k and a net result of €-12k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 50% of 27965 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-70
Solvency72▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity ample (current ratio 2.23 against 1.98 in 2024; short-term debt: 43.2% and cash: 3.3% of total assets), but 53.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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
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 2025Solvency, return and age of the figures
Solvency
46.8%
Return on assets
-15.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 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 · 9 filingsDeviation from the deadline
2025
45 d late
2024
50 d late
2023
69 d late
2022
67 d late
2021
31 d late
2020
102 d late
2019
95 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€36k▼ 24.9%
2024 · €48k
2018: €12klowest in 8 years
2019: €22k▲ +81.7% vs 2018
2020: €29k▲ +32.7% vs 2019
2021: €43k▲ +46.3% vs 2020
2022: €47k▲ +10.0% vs 2021
2023: €48k▲ +0.3% vs 2022
2024: €48k▲ +1.5% vs 2023highest in 8 years
2025: €36k▼ -24.9% vs 2024
2018 → 2025
Total assets
€77k▼ 31.7%
2024 · €113k
2018: €36k
2019: €31k▼ -13.8% vs 2018lowest in 8 years
2020: €37k▲ +20.3% vs 2019
2021: €58k▲ +54.9% vs 2020
2022: €76k▲ +31.8% vs 2021
2023: €86k▲ +13.1% vs 2022
2024: €113k▲ +32.0% vs 2023highest in 8 years
2025: €77k▼ -31.7% vs 2024
2018 → 2025
Net result
€-12k
2024 · €714
2018: €508
2019: €10k▲ +1868% vs 2018
2020: €7k▼ -27.3% vs 2019
2021: €14k▲ +87.9% vs 2020highest in 8 years
2022: €4k▼ -68.3% vs 2021
2023: €129▼ -97.0% vs 2022
2024: €714▲ +452% vs 2023
2025: €-12k▼ -1787% vs 2024lowest in 8 years
2018 → 2025
Working capital
€41k▼ 23.4%
2024 · €54k
2018: €7klowest in 8 years
2019: €16k▲ +138% vs 2018
2020: €26k▲ +67.8% vs 2019
2021: €42k▲ +56.9% vs 2020
2022: €32k▼ -24.0% vs 2021
2023: €35k▲ +10.8% vs 2022
2024: €54k▲ +53.8% vs 2023highest in 8 years
2025: €41k▼ -23.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€47k▲ 10.0%€48k▲ 0.3%€48k▲ 1.5%€36k▼ 24.9%
2021: €43k
2022: €47k▲ +10.0% vs 2021
2023: €48k▲ +0.3% vs 2022
2024: €48k▲ +1.5% vs 2023highest in 5 years
2025: €36k▼ -24.9% vs 2024lowest in 5 years
Operating result€23k-€16k▼ 29.9%€4k▼ 75.8%€6k▲ 56.8%€-5k
2021: €23khighest in 5 years
2022: €16k▼ -29.9% vs 2021
2023: €4k▼ -75.8% vs 2022
2024: €6k▲ +56.8% vs 2023
2025: €-5k▼ -186% vs 2024lowest in 5 years
Net result€14k-€4k▼ 68.3%€129▼ 97.0%€714▲ 452%€-12k
2021: €14khighest in 5 years
2022: €4k▼ -68.3% vs 2021
2023: €129▼ -97.0% vs 2022
2024: €714▲ +452% vs 2023
2025: €-12k▼ -1787% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €6k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77k
Fixed assets
€3k ▼ 38.9%
Current assets
€75k ▼ 31.4%
Equity and liabilities €77k
Equity
€36k ▼ 24.9%
Debt
€41k ▼ 36.8%
Debt's share of the balance-sheet total falls from 57.4% to 53.2%. Equity and debt are lower.
Key figures and ratios
Current ratio
2.23▲
2024 · 1.98
Debt to equity
1.13▼
2024 · 1.35
ROE
-33.2%▼
2024 · 1.5%
ROA
-15.6%▼
2024 · 0.6%
Debt ≤ 1 year
€33k▼
2024 · €55k
Debt > 1 year
€8k▼
2024 · €10k
Income taxes
€652▼
2024 · €4k
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 · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€113k€77k▼
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Furniture and vehicles24€4k€3k▼
Current assets29/58€109k€75k▼
Amounts receivable within one year40/41€77k€70k▼
Trade receivables40€69k€28k▼
Other amounts receivable41€8k€42k▲
Cash at bank and in hand54/58€32k€3k▼
Deferred charges and accrued income490/1€571€2k▲
Equity and liabilities
Total equity and liabilities10/49€113k€77k▼
Equity10/15€48k€36k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€40k€28k▼
Amounts payable17/49€65k€41k▼
Amounts payable after more than one year17€10k€8k▼
Financial debts170/4€10k€8k▼
Amounts payable within one year42/48€55k€33k▼
Current portion of amounts payable after more than one year42-€10k
Trade debts44€9k€8k▼
Suppliers440/4€9k€8k▼
Taxes, remuneration and social security45€10k€15k▲
Taxes450/3€6k€5k▼
Remuneration and social security454/9€4k€10k▲
Other amounts payable47/48€36k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k-
Other operating charges640/8€3k€2k▼
Gross operating margin9900€14k€-4k▼
Operating profit (loss)9901€6k€-5k▼
Financial income75/76B€464€466▲
Recurring financial income75€464€466▲
Financial charges65/66B€2k€7k▲
Recurring financial charges65€2k€7k▲
Profit (loss) for the period before taxes9903€5k€-11k▼
Income taxes67/77€4k€652▼
Profit (loss) for the period9904€714€-12k▼
Profit (loss) for the period to be appropriated9905€714€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€28k▼
Profit (loss) brought forward from the previous period14P€40k€40k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €252 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €4k | €6k | €4k | - | - |
| Other operating charges640/8 | €1k | €5k | €6k | €3k | €2k | ▼ 45.2% |
| Gross operating margin9900 | €26k | €25k | €15k | €14k | €-4k | ▼ 127% |
| Operating profit (loss)9901 | €23k | €16k | €4k | €6k | €-5k | ▼ 186% |
| Financial income75/76B | €957 | €1 | €1 | €464 | €466 | ▲ 0.6% |
| Recurring financial income75 | €957 | €1 | €1 | €464 | €466 | ▲ 0.6% |
| Financial charges65/66B | €3k | €4k | €2k | €2k | €7k | ▲ 277% |
| Recurring financial charges65 | €3k | €4k | €2k | €2k | €7k | ▲ 277% |
| Profit (loss) for the period before taxes9903 | €21k | €12k | €2k | €5k | €-11k | ▼ 336% |
| Income taxes67/77 | €7k | €7k | €2k | €4k | €652 | ▼ 84.1% |
| Profit (loss) for the period9904 | €14k | €4k | €129 | €714 | €-12k | ▼ 1,787% |
| Profit (loss) for the period to be appropriated9905 | €14k | €4k | €129 | €714 | €-12k | ▼ 1,787% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58k | €76k | €86k | €113k | €77k | ▼ 31.7% |
| Fixed assets21/28 | €2k | €16k | €13k | €4k | €3k | ▼ 38.9% |
| Tangible fixed assets22/27 | €2k | €16k | €13k | €4k | €3k | ▼ 38.9% |
| Furniture and vehicles24 | €2k | €16k | €13k | €4k | €3k | ▼ 38.9% |
| Current assets29/58 | €56k | €60k | €73k | €109k | €75k | ▼ 31.4% |
| Amounts receivable within one year40/41 | €33k | €40k | €43k | €77k | €70k | ▼ 8.3% |
| Trade receivables40 | €12k | €27k | €31k | €69k | €28k | ▼ 59.2% |
| Other amounts receivable41 | €21k | €13k | €12k | €8k | €42k | ▲ 428% |
| Cash at bank and in hand54/58 | €22k | €20k | €30k | €32k | €3k | ▼ 92.0% |
| Deferred charges and accrued income490/1 | €2k | - | - | €571 | €2k | ▲ 214% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58k | €76k | €86k | €113k | €77k | ▼ 31.7% |
| Equity10/15 | €43k | €47k | €48k | €48k | €36k | ▼ 24.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €35k | €39k | €40k | €40k | €28k | ▼ 29.9% |
| Amounts payable17/49 | €15k | €28k | €38k | €65k | €41k | ▼ 36.8% |
| Amounts payable after more than one year17 | - | - | - | €10k | €8k | ▼ 23.0% |
| Financial debts170/4 | - | - | - | €10k | €8k | ▼ 23.0% |
| Amounts payable within one year42/48 | €15k | €28k | €38k | €55k | €33k | ▼ 39.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €10k | - |
| Trade debts44 | €3k | €9k | €24k | €9k | €8k | ▼ 5.4% |
| Suppliers440/4 | €3k | €9k | €24k | €9k | €8k | ▼ 5.4% |
| Taxes, remuneration and social security45 | €12k | €19k | €14k | €10k | €15k | ▲ 46.8% |
| Taxes450/3 | €12k | €15k | €9k | €6k | €5k | ▼ 21.1% |
| Remuneration and social security454/9 | - | €5k | €5k | €4k | €10k | ▲ 142% |
| Other amounts payable47/48 | - | - | - | €36k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €4k | €129 | €714 | €-12k | ▼ 1,787% |
| + Depreciation and write-downs630 | €1k | €4k | €6k | €4k | - | - |
| Operating cash flow (approximation) | €15k | €8k | €6k | €5k | €-12k | ▼ 332% |
| Investment in fixed assets (approximation) | - | €-18k | €-2k | €4k | €2k | ▼ 52.5% |
| Change in cash | - | €-1k | €10k | €2k | €-29k | ▼ 1,832% |
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
Next filing, fiscal year 2026, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 45 days late
2025
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 50 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €14k ▲87.9%
Operating result €23k, net result €14k, both a record.
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 102 days late
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 2.81
Current ratio from 1.28 to 2.81; short-term debt falls from €24k to €9k.
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 34 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2017
Ground area
297 m²
Building footprint
275 m²
Volume, LiDAR
2,876 m³
Parcel 21013B0335/00W008, Brussels · tallest building 17.5 m, ±4 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Charleroise Steenweg 189, 1060 Sint-Gillis (bij-Brussel)
since 20172.283.352.977
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0335/00W008 | Brussels | 297 m² | 1 · 275 m² | 17.5 m · 4 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
D&R CONSTRUCT
BE 0743.545.184
Anderlecht · Eq €36,227
CONCRETE PROJECTS
BE 1001.561.028
Beringen · Eq €36,213
BANZI
BE 0802.793.675
Zaventem · Eq €36,212
LM INVEST
BE 0759.993.614
Sint-Genesius-Rode · Eq €36,263
KERREBROUCK CONSTRUCT
BE 0764.582.209
Heist-op-den-Berg · Eq €36,200
Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,850 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
Founded01-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Contact
E-mail
rjconstructsprl@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.