Investments
Green is investment, beige is depreciation.
Green is investment, beige is depreciation.
Short-term debts rose from €10,802 to €31,427.
The 2023 accounts came latest: 33 days after the end of the period.
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 40% of them on solvency, 64% on liquidity, 31% on profitability and 80% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
In July 2024, 26,972 companies had the same profile as RLD CONSTRUCT has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of RLD CONSTRUCT itself is higher: 2.1% within 12 months. It rests on far more data about RLD CONSTRUCT than the profile alone.
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 26,972 companies, not a prediction for RLD CONSTRUCT. 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.
Liquidity is insufficient, with a current ratio of 0.99 (1.76 in 2024), below 1. Short-term debt is 66.6% and cash 35.3% of total assets. 66.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 8 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| RLD CONSTRUCT Ternat | €47,207 | €16,948 | 33.4% | - |
| WJP CONSTRUCT Zaventem | €47,742 | €17,602 | 89.8% | - |
| PACOVIS Drogenbos | €46,613 | €15,737 | 92.3% | - |
| VITAL PROJECT Beersel | €45,955 | €18,633 | 65.1% | - |
| WESARTS Grimbergen | €43,716 | €14,987 | 59.2% | - |
| CORESTI Drogenbos | €53,848 | €15,846 | 44.1% | - |
| TECHNO INSTAL Wezembeek-Oppem | €49,665 | €14,497 | 42.0% | - |
These companies have the same main activity as RLD CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €43,700 and €53,800, founded between 2020 and 2021.
RLD CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €24,379 in 2021 to €16,948 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €200,000. Estimated: probably between €110,000 and €370,000.
Amounts without an identifiable currency are taken as euros.
Higher than 40% of 9,462 companies in 2025.
Higher than 21% of 9,210 companies in 2025.
Higher than 61% of 9,282 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
47,207 | 21,552 | 5,249 | 7,862 | 22,912 | |
21/28 |
16,228 | 2,524 | 3,023 | 5,491 | 20,550 | |
22/27 |
16,228 | 2,524 | 3,023 | 5,491 | 20,550 | |
23 |
977 | - | - | - | - | |
24 |
15,251 | 2,524 | 3,023 | 5,491 | 20,550 | |
29/58 |
30,979 | 19,028 | 2,226 | 2,370 | 2,362 | |
40/41 |
14,302 | 11,739 | 1,339 | 2,187 | 1,066 | |
40 |
12,157 | 9,662 | - | - | - | |
41 |
2,145 | 2,076 | 1,339 | 2,187 | 1,066 | |
54/58 |
16,677 | 7,289 | 887 | 183 | 1,296 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
47,207 | 21,552 | 5,249 | 7,862 | 22,912 | |
10/15 |
15,780 | 10,349 | 4,779 | 3,693 | 15,566 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
14 |
14,780 | 9,349 | 3,779 | 2,693 | 14,566 | |
17/49 |
31,427 | 11,202 | 470 | 4,169 | 7,346 | |
42/48 |
31,427 | 10,802 | 470 | 4,169 | 7,346 | |
44 |
4,825 | 1,588 | 470 | 497 | 3,695 | |
440/4 |
4,825 | 1,588 | 470 | 497 | 3,695 | |
45 |
4,551 | 2,842 | - | 3,651 | 3,651 | |
450/3 |
1,851 | 2,042 | - | 3,651 | 3,651 | |
454/9 |
2,700 | 800 | - | - | - | |
47/48 |
22,051 | 6,372 | - | 20 | - | |
492/3 |
- | 400 | - | - | - | |
| Income statement | ||||||
9900 |
16,948 | 15,458 | 8,517 | 2,408 | 24,379 | |
630 |
2,984 | 2,731 | 2,468 | 2,313 | 3,450 | |
640/8 |
1,205 | 350 | 304 | 8,952 | 168 | |
9901 |
12,758 | 12,377 | 5,745 | -8,857 | 20,761 | |
75/76B |
0 | 0 | - | 95 | - | |
75 |
0 | 0 | - | 95 | - | |
65/66B |
5,766 | 5,233 | 4,658 | 3,111 | 2,543 | |
65 |
5,766 | 5,233 | 4,658 | 3,111 | 2,543 | |
9903 |
6,993 | 7,144 | 1,086 | -11,873 | 18,217 | |
67/77 |
1,562 | 1,574 | - | - | 3,651 | |
9904 |
5,431 | 5,570 | 1,086 | -11,873 | 14,566 | |
9905 |
5,431 | 5,570 | 1,086 | -11,873 | 14,566 | |
| Appropriation of the result | ||||||
9906 |
14,780 | 9,349 | 3,779 | 2,693 | 14,566 | |
14P |
9,349 | 3,779 | 2,693 | 14,566 | - | |
| Document | ||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 10-08-2026.
2025 annual accounts filed 10 days after the deadline. Filed on 10 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00389413.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-08-2026 | 2026-00389413 | |
| 31-12-2024 | micro format | 18-08-2025 | 2025-00379416 | |
| 31-12-2023 | micro format | 02-09-2024 | 2024-00429809 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00285498 | |
| 31-12-2021 | micro format | 12-07-2022 | 2022-20173755 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 15,742 | 15,108 | 8,213 | -6,544 | 24,211 | ||
| 8,414 | 8,301 | 3,554 | -9,560 | 18,016 | ||
| 19,056 | 2,231 | 0 | 1,404 | 24,000 | ||
| 9,388 | 6,402 | 704 | -1,113 | - | ||
| -448 | 8,225 | 1,756 | -1,798 | -4,984 | ||
| 33.4% | 48.0% | 91.0% | 47.0% | 67.9% | ||
| 0.99 | 1.76 | 4.74 | 0.57 | 0.32 | ||
| 1.99 | 1.08 | 0.10 | 1.13 | 0.47 | ||
| 34.4% | 53.8% | 22.7% | -321.5% | 93.6% | ||
| 11.5% | 25.8% | 20.7% | -151.0% | 63.6% | ||
| 2.73 | 2.89 | 1.76 | -2.10 | 9.52 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €19,056 | €2,231 | - | €1,404 | €24,000 |
| €2,984 | €2,731 | €2,468 | €2,313 | €3,450 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 3% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total rises from 52.0% to 66.6%. Equity and debt are higher.
RLD CONSTRUCT has no parent and no holdings in its annual accounts. DA SILVA DE BRITO Rui Manuel is the only director. RLD CONSTRUCT shares no director with another company.
| Ronsmans, Roland (sole trader)
establishment since 20-05-2008 |
founded in 2008 0898.022.634 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 2 February 2021, RLD CONSTRUCT was incorporated as a private limited company by one natural person.12 DA SILVA DE BRITO Rui Manuel has served as director since 2021.3 Total assets went from €22,912 in 2021 to €47,207 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Watermolenstraat 11 registered office 1742 Ternat | 02-02-2021 | 2.313.071.502 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23071C0686/00N000 | 435 m² | 1 · 116 m² | 8.8 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0762.814.532
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