Debts
Of this, €20,502 falls due within a year.
Of this, €20,502 falls due within a year.
Short-term debts rose from €19,232 to €20,502.
Less equity than 90% of companies in architecture and engineering. Sector median €63,879 · 11,799 companies.
The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).
About 1 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 71, micro). It does better than 11% of them on solvency, 15% on liquidity, 33% on profitability and 97% 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 low class on 30-06-2025, 0.8% 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, 2,135 companies had the same profile as RN ENGINEERING has now. Each dot stands for 6 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RN ENGINEERING itself: 1.1% within 12 months.
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 2,135 companies, not a prediction for RN ENGINEERING. 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.
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 2 accounts on average 45 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| RN ENGINEERING Mons | €50,094 | €16,671 | 2.4% | - |
| ZH CONCEPT Châtelet | €56,812 | €21,450 | 82.6% | - |
| A.M. Expertise Eghezée | €48,205 | €15,318 | 48.8% | - |
| Vin-Co Scherpenheuvel-Zichem | €47,028 | €17,557 | 54.6% | - |
| BH Buildingservices Sint-Truiden | €52,281 | €15,486 | 58.7% | - |
| Abinto Ghent | €47,164 | €17,974 | 67.6% | - |
| Fuite Solutions Genappe | €43,171 | €13,496 | 34.3% | - |
These companies have the same main activity as RN ENGINEERING: other technical testing and analysis (NACE 71209). They are comparable in size and age: total assets between €43,200 and €56,800, founded between 2023 and 2024.
RN ENGINEERING has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1,205 and a net result of €856.
Its solvency ranks better than 10% of 11,794 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
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 ≈ €85,000. Estimated: probably between €51,000 and €170,000.
Higher than 10% of 11,794 companies in 2025.
Higher than 22% of 11,521 companies in 2025.
Higher than 25% of 11,605 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
50,094 | 44,580 | |
20 |
483 | 663 | |
21/28 |
28,184 | 38,217 | |
21 |
5,647 | 8,181 | |
22/27 |
22,480 | 29,980 | |
24 |
22,480 | 29,980 | |
28 |
57 | 57 | |
29/58 |
21,427 | 5,700 | |
40/41 |
20,313 | 1,205 | |
40 |
20,300 | 1,205 | |
41 |
13 | - | |
54/58 |
1,114 | 4,495 | |
| Balance sheet: equity and liabilities | |||
10/49 |
50,094 | 44,580 | |
10/15 |
1,205 | 348 | |
10/11 |
2,500 | 2,500 | |
14 |
-1,295 | -2,152 | |
17/49 |
48,889 | 44,232 | |
17 |
28,388 | 25,000 | |
170/4 |
8,388 | - | |
178/9 |
20,000 | 25,000 | |
42/48 |
20,502 | 19,232 | |
42 |
2,950 | - | |
44 |
6,852 | 9,486 | |
440/4 |
6,852 | 9,486 | |
46 |
- | 2,662 | |
45 |
8,419 | 2,233 | |
450/3 |
8,295 | 2,233 | |
454/9 |
124 | - | |
47/48 |
2,281 | 4,850 | |
| Income statement | |||
9900 |
16,671 | 1,938 | |
630 |
10,213 | 977 | |
640/8 |
2,146 | 2,748 | |
9901 |
4,313 | -1,787 | |
75/76B |
36 | 7 | |
75 |
36 | 7 | |
65/66B |
1,826 | 71 | |
65 |
1,826 | 71 | |
9903 |
2,523 | -1,852 | |
67/77 |
1,666 | 300 | |
9904 |
856 | -2,152 | |
9905 |
856 | -2,152 | |
| Appropriation of the result | |||
9906 |
-1,295 | -2,152 | |
14P |
-2,152 | - | |
| Document | |||
The notes to these accounts have 10 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 22-06-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 14,526 | -810 | ||
| 11,069 | -1,175 | ||
| 6,100 | 38,957 | ||
| -3,381 | - | ||
| 925 | -13,532 | ||
| 2.4% | 0.8% | ||
| 1.05 | 0.30 | ||
| 40.58 | - | ||
| 71.1% | - | ||
| 1.7% | -4.8% | ||
| 7.95 | -11.33 |
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 |
|---|---|---|
| Tangible fixed assets | - | €30,000 |
| Intangible fixed assets | €6,100 | €8,900 |
| Financial fixed assets | - | €57 |
| €10,213 | €977 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €4,313, after a loss of €1,787 in 2024.
Debt's share of the balance-sheet total falls from 99.2% to 97.6%. Equity and debt are higher.
RN ENGINEERING has no parent and no holdings in its annual accounts. RAHAL Najib is the only director. RN ENGINEERING shares no director with another company.
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
RN ENGINEERING was incorporated on 7 September 2023 as a private limited company by one natural person, with a starting capital of €2,500.12 The registered office was moved to Mons in 2026.3 RAHAL Najib is director of the company, appointed by deed of 11-09-2023.2
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 53059A0248/00W017 | 1,129 m² | 1 · 76 m² | 7.2 m · 2 |
| 53403E0637/00E002 | 196 m² | 1 · 37 m² | 16.4 m · 5 |
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