Equity
-€164,425
Debts exceed assets in financial year 2024.
RL PROJECTS
Lifetime
6 annual accounts with figures on one time axispeak €11,511 (2024)
€11,511▲ €85,466
lowest -€121,605 (2019)
-€13,294▲ €89,902
peak €178,395 (2019)
-€164,425▼ €13,294
€1.1m▼ 5.2%
Board3 names since 2019
1 directorLAENENS,Nick
Documentsfilings and deeds
27-03-2026239 days late
2024micro format
Gross margin from -€73,955 to €11,511Loss of €13,294Company renamed from GenicoSignage to RL PROJECTS 11-01Investments €130,969Cash from €16,736 to €65,984
Key points
from the 2024 annual accountsLosses
-€464,425 in six years
Every financial year from 2019 to 2024 closed with a loss. 2019 was the heaviest.
Debts
€1.1m 118% of the balance sheet
Suppliers 0%Taxes and wages 1%Other 99%
Investments
€166,489 8.8 × depreciation
Green is investment, beige is depreciation. Machinery stands 97.4% higher than in 2023.
Filings
6 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€164,425
Less equity than 95% of companies in office administrative support. Sector median €56,920 · 9,476 companies.
Checked score
35
Weak
Financially stronger than 19% of micro companies in office administrative support (NACE 82)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.8% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.5%
01-2025: 1.2%▼ -2.3 percentage points vs 12-2024lowest value
02-2025: 1.2%● unchanged vs 01-2025lowest value
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.3%▲ +0.1 percentage points vs 03-2025
05-2025: 1.4%▲ +0.1 percentage points vs 04-2025
06-2025: 1.4%● unchanged vs 05-2025
07-2025: 1.4%● unchanged vs 06-2025
08-2025: 1.8%▲ +0.4 percentage points vs 07-2025
09-2025: 2.1%▲ +0.3 percentage points vs 08-2025
10-2025: 2.8%▲ +0.7 percentage points vs 09-2025
11-2025: 2.9%▲ +0.1 percentage points vs 10-2025
12-2025: 3.1%▲ +0.2 percentage points vs 11-2025
01-2026: 4.0%▲ +0.9 percentage points vs 12-2025
02-2026: 4.0%● unchanged vs 01-2026
03-2026: 4.1%▲ +0.1 percentage points vs 02-2026
04-2026: 3.6%▼ -0.5 percentage points vs 03-2026
05-2026: 2.1%▼ -1.5 percentage points vs 04-2026
06-2026: 2.2%▲ +0.1 percentage points vs 05-2026
07-2026: 2.3%▲ +0.1 percentage points vs 06-2026
08-2026: 2.7%▲ +0.4 percentage points vs 07-2026
09-2026: 3.0%▲ +0.3 percentage points vs 08-2026
10-2026: 5.8%▲ +2.8 percentage points vs 09-2026highest value
11-2026: 5.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 239 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 08-04-2026)
1 change of registered office in 24 months
lowers risk
Sector: Office administrative, office support and other business support activities (NACE 82)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 10% of them on solvency, 6% on liquidity, 34% on profitability and 28% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,167 companies had the same profile as RL PROJECTS has now. Each dot stands for 3 companies, two years later.
94.9%
were still trading
2.8%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of RL PROJECTS itself is higher: 5.8% within 12 months. It rests on far more data about RL PROJECTS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,167 companies, not a prediction for RL PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.75 (0.87 in 2023), below 1. Short-term debt is 117.7% and cash 7.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€164,425
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 6 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 239 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-03-2026, 239 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
239 days late
2023
125 days late
2022
129 days late
2021
5 days early
2020
7 days early
2019
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 78 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- LAENENS, Nick founderdeed of 09-01-2019
- RUTTEN, Gerry Paul Rita founderdeed of 09-01-2019
- SWIGGERS, Savita founderdeed of 09-01-2019
Recent changes
Registered office moved from Berchem to Haacht
New registered office: Stationsstraat 90, 3150 Haacht · Previous registered office: Uitbereidingsstraat 84, 2600 Berchem · General meeting of 24-08-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0717753973
Company renamed from GenicoSignage to RL PROJECTS
Gazette deed
Resignation: Gerry Rutten (director)
General meeting of 30-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RL PROJECTS Haacht | €0.9m | €11,511 | -17.7% | - |
| HVND Herve | €0.9m | €16,565 | 14.6% | - |
| BALENCO Libramont-Chevigny | €0.9m | €16,494 | 45.9% | - |
| CG HOLDING Woluwe-Saint-Pierre | €1.4m | €9,453 | 63.5% | - |
| IMMO.DEL Liège | €0.8m | €17,739 | 53.7% | - |
| CARA Group Tielt | €0.8m | €16,319 | 5.1% | - |
| GIOVARUSCIO MOVING BELGIUM Binche | €0.7m | €15,199 | 31.0% | - |
These companies have the same main activity as RL PROJECTS: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €655,000 and €1.4m, founded between 2015 and 2021.
Official details
Source: KBO- Status
- Active since 07-01-2019Normal situation
- Activity
- Office administrative and support servicesNACE 82100
- Establishment unit
- 2.291.721.4062600 Antwerp, since 01-08-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Insights on RL PROJECTS
RL PROJECTS files the micro format. That format states no turnover. The gross margin rose from -€103,007 in 2019 to €11,511 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RL PROJECTS
- What is the company number of RL PROJECTS?
- The company number of RL PROJECTS is 0717.753.973. The VAT number is the same number with BE in front: BE 0717.753.973.
- Where is RL PROJECTS based?
- The registered office is at Stationsstraat 90, 3150 Haacht.Company details
- What does RL PROJECTS do?
- According to the KBO register, the main activity is office administrative and support services (NACE 82100).
- What is the legal form of RL PROJECTS?
- RL PROJECTS is a public limited company (NV).
- When was RL PROJECTS founded?
- RL PROJECTS was founded on 07-01-2019.
- Is RL PROJECTS still active?
- Yes, RL PROJECTS is an active enterprise in the KBO register.
- What is the turnover of RL PROJECTS?
- The turnover in financial year 2024 is ≈ €62,000. This figure is estimated from the gross margin of €11,511 and 44 comparable companies (NACE 82100). It probably lies between €37,000 and €110,000. It is a rough estimate.Financials
- Is RL PROJECTS profitable?
- In financial year 2024, RL PROJECTS made a loss of €13,294.
- Where can I find the annual accounts of RL PROJECTS?
- RL PROJECTS filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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