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RND Developments

Active
Private limited companyfounded 2022active for 4 yearsBoterbloemlaan 11, 2950 Kapellen, BelgiumKBO/BCE: BE 0792.697.460
Summary

RND Developments is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€1,614) and a net result of -€3,706. Equity is shrinking by about 162% per year across the filed financial years. Its solvency ranks better than 9% of 9,737 sector peers (NACE 64, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activities of holding companies
NACE 64210
1 site
Size
€1.1mtotal assets 2025
Equity
-€1,614
Loss
-€3,706
Turnover not published (micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
Holdings
1
2025 accounts 4 days early
Signalsraises riskWeak solvency vs sectorneutralLatest accounts filed on timeShow the evidence

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Two signals.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 9737 sector peers (2025).
NBB · sector comparison
Position among 9737 sector peers
Solvency
better than 9%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
4 days early
2024
1 day early
2023
13 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 6 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Registered officeRegistered-office move · Power of…
  3. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2025, micro format

Equity
-€1,614
2024 · €2,092
Net result
-€3,706▼ 20.1%
2024 · -€3,087
Total assets
€1.1m▲ 0.3%
2024 · €1.1m
Solvency
-0.1%▼ 0.3pp
2024 · 0.2%
Trend over the years

2023 to 2025, 3 financial years

The operating result stays negative: a loss of €3,625 in 2025 against €3,060 in 2024; the loss grows.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€0.004m 2025 Net result-€0.004m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Operating result-€0.005m--€0.003m▲ 33.9%-€0.004m▼ 18.5%
Net result-€0.005mbelow the sector's middle half--€0.003mbelow the sector's middle half▲ 36.0%-€0.004mbelow the sector's middle half▼ 20.1%
Equity€0.005mbelow the sector's middle half-€0.002mbelow the sector's middle half▼ 59.6%-€0.002mbelow the sector's middle half
Total assets€0.4mwithin the sector's middle half-€1.1mabove the sector's middle half▲ 166%€1.1mabove the sector's middle half▲ 0.3%
Debt€0.4m-€1.1m▲ 169%€1.1m▲ 0.7%
Working capital-€0.4mbelow the sector's middle half--€0.4mbelow the sector's middle half▼ 0.8%-€0.4mbelow the sector's middle half▼ 0.9%
Solvency1.2%below the sector's middle half-0.2%below the sector's middle half▼ 1.1pp-0.1%below the sector's middle half▼ 0.3pp
Current ratio0.04below the sector's middle half-0.64below the sector's middle half▲ 0.600.64below the sector's middle half=
Return on assets (ROA)-1.2%below the sector's middle half--0.3%below the sector's middle half▲ 0.9pp-0.3%below the sector's middle half▼ 0.1pp
above within below the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets €400,000 =
Current assets €708,686 ▲ 0.5%
Equity and liabilities
Equity-€1,614
Debt€1.1m
Equity is negative: debt (€1.1m) exceeds the balance-sheet total (€1.1m).
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€1.1m▲
2024 · €1.1m
A ratio outside any meaningful range has been withheld (balance sheet total €1.1m, equity -€1,614).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 26 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.1m€1.1m▲
Fixed assets21/28€0.4m€0.4m=
Financial fixed assets28€0.4m€0.4m=
Current assets29/58€0.7m€0.7m▲
Amounts receivable within one year40/41€0.7m€0.7m▲
Other amounts receivable41€0.7m€0.7m▲
Cash at bank and in hand54/58€0.002m€0.002m▼
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.1m▲
Equity10/15€0.002m-€0.002m▼
Contributions10/11€0.01m€0.01m=
Profit (loss) carried forward14-€0.008m-€0.01m▼
Amounts payable17/49€1.1m€1.1m▲
Amounts payable within one year42/48€1.1m€1.1m▲
Trade debts44€0-
Suppliers440/4€0-
Other amounts payable47/48€1.1m€1.1m▲
Income statement Code20242025
Other operating charges640/8€118€0.001m▲
Gross operating margin9900-€0.003m-€0.003m▲
Operating profit (loss)9901-€0.003m-€0.004m▼
Financial charges65/66B€27€81▲
Recurring financial charges65€27€81▲
Profit (loss) for the period before taxes9903-€0.003m-€0.004m▼
Profit (loss) for the period9904-€0.003m-€0.004m▼
Profit (loss) for the period to be appropriated9905-€0.003m-€0.004m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€0.008m-€0.01m▼
Profit (loss) brought forward from the previous period14P-€0.005m-€0.008m▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Other operating charges640/8€109€118€770▲ 552%
Gross operating margin9900-€4,523-€2,942-€2,855▲ 2.9%
Operating profit (loss)9901-€4,632-€3,060-€3,625▼ 18.5%
Financial charges65/66B€189€27€81▲ 201%
Recurring financial charges65€189€27€81▲ 201%
Profit (loss) for the period before taxes9903-€4,821-€3,087-€3,706▼ 20.1%
Profit (loss) for the period9904-€4,821-€3,087-€3,706▼ 20.1%
Profit (loss) for the period to be appropriated9905-€4,821-€3,087-€3,706▼ 20.1%
Line202320242025Change
Assets
Total assets20/58€0.4m€1.1m€1.1m▲ 0.3%
Fixed assets21/28€0.4m€0.4m€0.4m=
Financial fixed assets28€0.4m€0.4m€0.4m=
Current assets29/58€0.02m€0.7m€0.7m▲ 0.5%
Amounts receivable within one year40/41€0.02m€0.7m€0.7m▲ 0.6%
Other amounts receivable41€0.02m€0.7m€0.7m▲ 0.6%
Cash at bank and in hand54/58€299€0.002m€0.002m▼ 16.1%
Equity and liabilities
Total equity and liabilities10/49€0.4m€1.1m€1.1m▲ 0.3%
Equity10/15€0.005m€0.002m-€0.002m-
Contributions10/11€0.01m€0.01m€0.01m=
Profit (loss) carried forward14-€0.005m-€0.008m-€0.01m▼ 46.9%
Amounts payable17/49€0.4m€1.1m€1.1m▲ 0.7%
Amounts payable within one year42/48€0.4m€1.1m€1.1m▲ 0.7%
Trade debts44€489€0--
Suppliers440/4€489€0--
Other amounts payable47/48€0.4m€1.1m€1.1m▲ 0.7%
Line202320242025Change
Profit (loss) for the period9904-€4,821-€3,087-€3,706▼ 20.1%
Operating cash flow (approximation)-€4,821-€3,087-€3,706▼ 20.1%
Investment in fixed assets (approximation)-€0€0-
Change in cash-€1,710-€323-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference
31-12-2025 micro format 27-07-2026 2026-00336577
31-12-2024 micro format 30-07-2025 2025-00328602
31-12-2023 micro format 18-07-2024 2024-00259406

Similar companies · same sector and region

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 the 24,455 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,124. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2022

Board 1

BELEGGINGSMAATSCHAPPIJ RND
Gewone bestuurder · since 24-10-2022 · Public limited company · permanent representative: VAN DER HEIDEN Leonard Willem Frederik
Current

Permanent representatives 1

VAN DER HEIDEN Leonard Willem Frederik
Permanent representative · since 24-10-2022 · for BELEGGINGSMAATSCHAPPIJ RND
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2022, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
BELEGGINGSMAATSCHAPPIJ RND
  • Gewone bestuurder, from 24-10-2022 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 24-10-2022 ↗
  • VAN DER HEIDEN Leonard Willem Frederik founder
  • VAN DER STEEN Marie-José Henriette founder

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 24-10-2022 Incorporation · 10,000 shares
  2. 24-10-2022 Incorporation · €10,000 · 10,000 shares

Group and network

Holdings and subsidiaries

1 holding

Holdings 1

  • RND Developments GreeceGRsubsidiary
    Equity €1.1mResult -€7,952
    100%

According to the 2025 annual accounts of RND Developments and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 20 October 2022, RND Developments was incorporated as a private limited company by two natural persons, with a starting capital of €10,000.12 In 2024 the registered office moved to Kapellen.3 BELEGGINGSMAATSCHAPPIJ RND has served as gewone bestuurder of the company since 2022.2 Total assets went from €415,668 in 2023 to €1.1m in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 24-10-2022
  3. 3Belgian Official Gazette, 22-11-2024
  4. 4National Bank, annual accounts 2023 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
27-07
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
05-09
Gazette deed Registered office
Registered-office move · Power of attorney3 facts ▸
  • Registered-office move, Boterbloemlaan 11, 2950 Kapellen
  • Board meeting, 07-08-2025
  • Power of attorney, BV VAN LOOY ACCOUNTANTS
30-07
NBB filing Annual accounts filed
financial year 2024 · micro format
2024
22-11
Gazette deed Registered office
Registered-office move2 facts ▸
  • General meeting, 08-10-2024
  • Registered-office move, Heidestraat Zuid 167, 2950 Kapellen
18-07
NBB filing Annual accounts filed
financial year 2023 · micro format
2022
24-10
Gazette deed Incorporation
Appointment: BELEGGINGSMAATSCHAPPIJ RND (gewone bestuurder) · Permanent representative: VAN DER HEIDEN Leonard Willem Frederik · Founder9 facts ▸
  • Incorporation, 19-10-2022
  • Founder, VAN DER HEIDEN Leonard Willem Frederik
  • Founder, VAN DER STEEN Marie-José Henriette
  • Power of attorney, STEEGMANS Anouk
  • Founding capital
  • Founding capital, €10,000
  • Registered office clause, “2328 Hoogstraten (Meerle), Kapelweg 1” (deed in Dutch)
  • Director appointment, BELEGGINGSMAATSCHAPPIJ RND (gewone bestuurder)
  • Permanent representative, VAN DER HEIDEN Leonard Willem Frederik
Gazette deedNBB filing
3 of 3 deeds read

Register details

Identification
Legal formPrivate limited company
Founded20-10-2022
Financial year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0792697460
Also 9925:BE0792697460

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Kapellen · 1 establishment unit since 2022
registered office establishment The establishment unit on the map
Ground area
1,770 m²
Building footprint
208 m²
Building volume
1,431 m³
Parcel 11023A0212/00B005, Flanders · tallest building 9.7 m. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
RND Developments
Boterbloemlaan 11, 2950 KapellenActivities of holding companies
since 2022unit no. 2.337.523.618
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
11023A0212/00B005 Flanders 1,770 m² 1 · 208 m² 9.7 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
RND Developments
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest” (deed in Dutch)

deed of 24-10-2022

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking van duur, één of meer” (deed in Dutch)

deed of 24-10-2022

Capital, shares and profit

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
One provision in the deed

deed of 24-10-2022

Oversight and winding up

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Netto actief verdeeld onder aandeelhouders naar verhouding aantal aandelen en goederen in natura op zelfde wijze, algemene vergadering…” (deed in Dutch)

deed of 24-10-2022

Other provisionsOther rules from the articles that fall under none of the themes above.

1 more provision in the deed, see the deed of 22-11-2024

deed of 22-11-2024