ROMULUS & REMUS PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of ROMULUS & REMUS PROJECTS is 3.9% (moderate). The 2025 annual accounts show negative equity (-€1.4m) and a net result of -€298,926. Equity is shrinking by ~36.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 7930 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.28 against 2.54 in 2024; short-term debt: 75.3% and cash: 2.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Return on assets
-238.5%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€1.4m
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 10-07-2026, 21 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
21 d early
2024
23 d early
2023
27 d early
2022
19 d early
2021
2 d late
2020
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€1.4m▼ 27.0%
2024 · -€1.1m
Total assets
€125,313▼ 68.4%
2024 · €395,950
Net result
-€298,926▲ 14.8%
2024 · -€350,728
Working capital
€26,691▼ 88.7%
2024 · €236,223
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€192,876▲ 57.1%€76,780-€311,773-€297,305▲ 4.6%-€284,167▲ 4.4%
Net result-€218,957below the sector's middle half▲ 52.9%€60,822within the sector's middle half-€332,741below the sector's middle half-€350,728below the sector's middle half▼ 5.4%-€298,926below the sector's middle half▲ 14.8%
Equity-€484,254below the sector's middle half▼ 82.5%-€423,432below the sector's middle half▲ 12.6%-€756,173below the sector's middle half▼ 78.6%-€1.1mbelow the sector's middle half▼ 46.4%-€1.4mbelow the sector's middle half▼ 27.0%
Total assets€550,808within the sector's middle half▼ 26.1%€641,842within the sector's middle half▲ 16.5%€518,234within the sector's middle half▼ 19.3%€395,950below the sector's middle half▼ 23.6%€125,313below the sector's middle half▼ 68.4%
Debt€1.0m▲ 2.4%€1.1m▲ 2.9%€1.3m▲ 19.6%€1.5m▲ 17.9%€1.5m▲ 1.9%
Working capital-€559,737below the sector's middle half▼ 49.1%-€483,497below the sector's middle half▲ 13.6%-€746,197below the sector's middle half▼ 54.3%€236,223within the sector's middle half€26,691within the sector's middle half▼ 88.7%
Solvency-87.9%below the sector's middle half▼ 52.3pp-66.0%below the sector's middle half▲ 21.9pp-145.9%below the sector's middle half▼ 79.9pp-279.6%below the sector's middle half▼ 133.6pp
Current ratio0.44below the sector's middle half▼ 0.180.53below the sector's middle half▲ 0.090.40below the sector's middle half▼ 0.132.54within the sector's middle half▲ 2.141.28within the sector's middle half▼ 1.26
Return on assets (ROA)-39.8%below the sector's middle half▲ 22.7pp9.5%within the sector's middle half▲ 49.2pp-64.2%below the sector's middle half▼ 73.7pp-88.6%below the sector's middle half▼ 24.4pp-238.5%below the sector's middle half▼ 150.0pp
Staff (FTE)15.4above the sector's middle half▼ 22.6%11.3above the sector's middle half▼ 26.6%10.1above the sector's middle half▼ 10.6%9.3within the sector's middle half▼ 7.9%6.6within the sector's middle half▼ 29.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €284,167 in 2025 against €297,305 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125,313
Fixed assets
€4,207 ▼ 35.3%
Current assets
€121,106 ▼ 68.9%
Key figures and ratios
EBITDA
-€282,471▲
2024 · -€293,896
Cash flow
-€297,230▲
2024 · -€347,318
Debt to equity
-1.09▲
2024 · -1.36
Interest coverage
-19.48▼
2024 · -5.34
Debt ≤ 1 year
€94,415▼
2024 · €153,223
Debt > 1 year
€1.4m▲
2024 · €1.3m
Income taxes
€355▼
2024 · €514
Staff costs
€328,440▼
2024 · €460,221
A ratio outside any meaningful range has been withheld (balance sheet total €125,313, equity -€1.4m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,038 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €21,010 | €520 | €24,442 | €400 | - | - |
| Remuneration, social security and pensions62 | €748,760 | €602,927 | €544,825 | €460,221 | €328,440 | ▼ 28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,862 | €18,853 | €4,788 | €3,410 | €1,696 | ▼ 50.2% |
| Other operating charges640/8 | €828 | €475 | €2,108 | €824 | €47,518 | ▲ 5,666% |
| Non-recurring operating charges66A | €200 | - | - | €13,852 | €258 | ▼ 98.1% |
| Gross operating margin9900 | €578,774 | €699,035 | €239,947 | €181,001 | €93,745 | ▼ 48.2% |
| Operating profit (loss)9901 | -€192,876 | €76,780 | -€311,773 | -€297,305 | -€284,167 | ▲ 4.4% |
| Financial income75/76B | €6,106 | €996 | €171 | €2,147 | €93 | ▼ 95.7% |
| Recurring financial income75 | €6,106 | €996 | €171 | €2,147 | €93 | ▼ 95.7% |
| Financial charges65/66B | €31,628 | €16,541 | €20,745 | €55,056 | €14,497 | ▼ 73.7% |
| Recurring financial charges65 | €31,628 | €16,541 | €20,745 | €55,056 | €14,497 | ▼ 73.7% |
| Profit (loss) for the period before taxes9903 | -€218,398 | €61,235 | -€332,347 | -€350,214 | -€298,571 | ▲ 14.7% |
| Income taxes67/77 | €560 | €413 | €394 | €514 | €355 | ▼ 30.9% |
| Profit (loss) for the period9904 | -€218,957 | €60,822 | -€332,741 | -€350,728 | -€298,926 | ▲ 14.8% |
| Profit (loss) for the period to be appropriated9905 | -€218,957 | €60,822 | -€332,741 | -€350,728 | -€298,926 | ▲ 14.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €550,808 | €641,842 | €518,234 | €395,950 | €125,313 | ▼ 68.4% |
| Fixed assets21/28 | €110,536 | €96,111 | €17,913 | €6,504 | €4,207 | ▼ 35.3% |
| Intangible fixed assets21 | €5,291 | €4,248 | €3,204 | €2,161 | €1,118 | ▼ 48.3% |
| Tangible fixed assets22/27 | €92,495 | €79,113 | €14,709 | €3,742 | €3,089 | ▼ 17.5% |
| Plant, machinery and equipment23 | €87,812 | €77,114 | €13,819 | €3,742 | €3,089 | ▼ 17.5% |
| Furniture and vehicles24 | €4,683 | €1,999 | €890 | €0 | - | - |
| Financial fixed assets28 | €12,750 | €12,750 | - | €600 | - | - |
| Current assets29/58 | €440,273 | €545,731 | €500,320 | €389,446 | €121,106 | ▼ 68.9% |
| Stocks and contracts in progress3 | €43,997 | €75,919 | - | - | - | - |
| Stocks30/36 | €43,997 | €75,919 | - | - | - | - |
| Amounts receivable within one year40/41 | €333,666 | €458,116 | €414,098 | €347,382 | €118,078 | ▼ 66.0% |
| Trade receivables40 | €312,778 | €408,998 | €412,840 | €334,113 | €118,078 | ▼ 64.7% |
| Other amounts receivable41 | €20,887 | €49,118 | €1,258 | €13,270 | - | - |
| Cash at bank and in hand54/58 | €62,161 | €2,726 | €31,352 | €35,609 | €3,028 | ▼ 91.5% |
| Deferred charges and accrued income490/1 | €450 | €8,969 | €54,870 | €6,454 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €550,808 | €641,842 | €518,234 | €395,950 | €125,313 | ▼ 68.4% |
| Equity10/15 | -€484,254 | -€423,432 | -€756,173 | -€1.1m | -€1.4m | ▼ 27.0% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Profit (loss) carried forward14 | -€684,254 | -€623,432 | -€956,173 | -€1.3m | -€1.6m | ▼ 22.9% |
| Amounts payable17/49 | €1.0m | €1.1m | €1.3m | €1.5m | €1.5m | ▲ 1.9% |
| Amounts payable after more than one year17 | - | - | - | €1.3m | €1.4m | ▲ 11.4% |
| Financial debts170/4 | - | - | - | €1.3m | €1.4m | ▲ 11.4% |
| Amounts payable within one year42/48 | €1.0m | €1.0m | €1.2m | €153,223 | €94,415 | ▼ 38.4% |
| Financial debts43 | - | €430 | - | €255 | €258 | ▲ 1.1% |
| Credit institutions430/8 | - | €430 | - | €255 | €258 | ▲ 1.1% |
| Trade debts44 | €159,976 | €104,589 | €113,490 | €107,000 | €70,480 | ▼ 34.1% |
| Suppliers440/4 | €159,976 | €104,589 | €113,490 | €107,000 | €70,480 | ▼ 34.1% |
| Taxes, remuneration and social security45 | €73,950 | €37,295 | €47,318 | €45,968 | €23,677 | ▼ 48.5% |
| Taxes450/3 | €14,185 | €9,899 | €12,121 | €11,146 | €11,362 | ▲ 1.9% |
| Remuneration and social security454/9 | €59,765 | €27,396 | €35,197 | €34,822 | €12,315 | ▼ 64.6% |
| Other amounts payable47/48 | €766,083 | €886,914 | €1.1m | - | - | - |
| Accrued charges and deferred income492/3 | €35,053 | €36,046 | €27,889 | €78,464 | €20,744 | ▼ 73.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€218,957 | €60,822 | -€332,741 | -€350,728 | -€298,926 | ▲ 14.8% |
| + Depreciation and write-downs630 | €21,862 | €18,853 | €4,788 | €3,410 | €1,696 | ▼ 50.2% |
| Operating cash flow (approximation) | -€197,096 | €79,675 | -€327,953 | -€347,318 | -€297,230 | ▲ 14.4% |
| Investment in fixed assets (approximation) | - | -€4,429 | €73,410 | €8,000 | €600 | ▼ 92.5% |
| Change in cash | - | -€59,434 | €28,626 | €4,257 | -€32,581 | ▼ 865% |
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
17-08
State Gazette act
Permanent representatives: Lindemans Maarten and Tom HeerenAppointment: VGD Bedrijfsrevisoren BV (statutory auditor)5 facts ▸
State Gazette act
Permanent representatives: Lindemans Maarten and Tom Heeren
Appointment: VGD Bedrijfsrevisoren BV (statutory auditor)5 facts ▸
- General meeting, 24-06-2026
- Permanent representative, Lindemans Maarten (permanent representative)
- Permanent representative, Tom Heeren (permanent representative)
- Director in office, W Group I NV (director)
- Auditor appointment, VGD Bedrijfsrevisoren BV (statutory auditor)
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 6current ratio 2.54
Current ratio from 0.40 to 2.54; short-term debt falls from €1.2m to €153,223.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €60,822
Net result €60,822 after 2 loss-making years.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
VGD Bedrijfsrevisoren BV
CurrentStatutory auditor · since 17-08-2026 · perm. rep.: Lindemans Maarten
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 2019
Ground area
1.5 ha
Building footprint
7,228 m²
Volume, LiDAR
60,852 m³
Parcel 71302A0970/00B002, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
ROMULUS & REMUS PROJECTS
since 20192.294.024.264
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0970/00B002 | Flanders | 1.5 ha | 1 · 7,228 m² | 13.7 m · 3 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| VGD Bedrijfsrevisoren BV |
|
Structure & network
Part of the group
Groep Tom Heeren
15 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- Groep Tom Heeren
- WALTH
- ROMULUS & REMUS PROJECTS
Highest known parent: Groep Tom Heeren. The sources do not say who stands above it.
Owners 1
- WALTHparent100%
Holdings 0
The accounts to 31-12-2023 list no holdings, and no other source names one.
According to the 2023 annual accounts of ROMULUS & REMUS PROJECTS and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 37,280 EUR awarded · 37,280 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,549 EUR | 1,549 EUR |
| 2024 | 1 | 9,107 EUR | 9,107 EUR |
| 2023 | 2 | 16,084 EUR | 16,084 EUR |
| 2022 | 3 | 10,540 EUR | 10,540 EUR |
Recognitions · licences · registrations
Dual-learning approval
4 endedMachinaal houtbewerker duaal (so)
Medewerker hout duaal (so)
Machinaal houtbewerker (so)
Plaatser interieurelementen (so)
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Of 7,300 companies in sector 43350 we hold annual accounts for 2,362. 362 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-10-2019
Fiscal year end31-12
Abbreviation NL
R & R
Activities, NACEBEL 2025
43320Joinery installation
43350Other building finishing work
31002Manufacture of furniture
43332Laying of wooden floor and wall coverings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0735471618
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.