RR Projects Plus
ActiveSummary
RR Projects Plus has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €427,488 and a net result of €128,711. Equity is growing by ~35.5% per year across the filed fiscal years. Its solvency ranks better than 60% of 1038 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+4
Solvency80▼-20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.75 in 2024; short-term debt: 45.2% and cash: 51.6% of total assets), and 45.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.8%
Return on assets
16.5%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
29 d late
2022
6 d early
2021
4 d late
2020
9 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€427,488▼ 48.1%
2024 · €824,318
Total assets
€780,366▼ 24.6%
2024 · €1.0m
Net result
€128,711▼ 3.9%
2024 · €133,943
Working capital
€166,378▲ 6.8%
2024 · €155,852
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€186,707▲ 104%€192,221▲ 3.0%€392,863▲ 104%€178,880▼ 54.5%€165,640▼ 7.4%
Net result€144,428▲ 97.1%€142,574▼ 1.3%€288,492▲ 102%€133,943▼ 53.6%€128,711▼ 3.9%
Equity€259,309▲ 126%€401,883▲ 55.0%€690,375▲ 71.8%€824,318▲ 19.4%€427,488▼ 48.1%
Total assets€433,802▲ 104%€602,071▲ 38.8%€1.0m▲ 66.2%€1.0m▲ 3.5%€780,366▼ 24.6%
Debt€174,493▲ 79.4%€200,189▲ 14.7%€310,114▲ 54.9%€210,745▼ 32.0%€352,878▲ 67.4%
Working capital€263,087▲ 120%€157,105▼ 40.3%€253,786▲ 61.5%€155,852▼ 38.6%€166,378▲ 6.8%
Staff (FTE)1.52.6▲ 73.3%5▲ 92.3%5=4.7▼ 6.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result -54% on 2023. Cause not known from the registers.
- 2023 Net result +102%, Equity +72%, Total assets +66% on 2022. Cause not known from the registers.
- 2022 Equity +55% on 2021. Cause not known from the registers.
- 2021 Equity +126%, Total assets +104% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 7% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €780,366
Fixed assets
€261,110 ▼ 61.1%
Current assets
€519,256 ▲ 42.6%
Equity and liabilities €780,366
Equity
€427,488 ▼ 48.1%
Debt
€352,878 ▲ 67.4%
Debt's share of the balance-sheet total rises from 20.4% to 45.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€184,512▼
2024 · €191,135
Cash flow
€147,583▲
2024 · €146,198
Current ratio
1.47▼
2024 · 1.75
Debt to equity
0.83▲
2024 · 0.26
ROE
30.1%▲
2024 · 16.2%
ROA
16.5%▲
2024 · 12.9%
Interest coverage
144.94▼
2024 · 250.55
Debt ≤ 1 year
€352,878▲
2024 · €208,307
Income taxes
€42,795▼
2024 · €46,775
Staff costs
€161,932▼
2024 · €189,821
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 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% | 1.6% |
| 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 74% 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 26,964 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 | - | - | - | €22,000 | €17,463 | ▼ 20.6% |
| Remuneration, social security and pensions62 | - | €105,454 | €201,722 | €189,821 | €161,932 | ▼ 14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,298 | €10,766 | €10,474 | €12,255 | €18,872 | ▲ 54.0% |
| Other operating charges640/8 | - | €27,153 | €2,565 | €30,739 | €14,927 | ▼ 51.4% |
| Gross operating margin9900 | €270,241 | €335,594 | €607,623 | €411,695 | €361,371 | ▼ 12.2% |
| Operating profit (loss)9901 | €186,707 | €192,221 | €392,863 | €178,880 | €165,640 | ▼ 7.4% |
| Financial income75/76B | - | €271 | €1,604 | €2,601 | €7,139 | ▲ 174% |
| Recurring financial income75 | €48 | €271 | €1,604 | €2,601 | €7,139 | ▲ 174% |
| Financial charges65/66B | - | €2,323 | €2,330 | €763 | €1,273 | ▲ 66.9% |
| Recurring financial charges65 | €2,086 | €2,323 | €2,330 | €763 | €1,273 | ▲ 66.9% |
| Profit (loss) for the period before taxes9903 | €184,669 | €190,169 | €392,136 | €180,718 | €171,506 | ▼ 5.1% |
| Income taxes67/77 | €40,241 | €47,595 | €103,644 | €46,775 | €42,795 | ▼ 8.5% |
| Profit (loss) for the period9904 | €144,428 | €142,574 | €288,492 | €133,943 | €128,711 | ▼ 3.9% |
| Profit (loss) for the period to be appropriated9905 | €144,428 | €142,574 | €288,492 | €133,943 | €128,711 | ▼ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €433,802 | €602,071 | €1.0m | €1.0m | €780,366 | ▼ 24.6% |
| Fixed assets21/28 | €45,270 | €277,022 | €451,593 | €670,904 | €261,110 | ▼ 61.1% |
| Tangible fixed assets22/27 | €42,930 | €274,682 | €449,253 | €668,564 | €258,770 | ▼ 61.3% |
| Land and buildings22 | - | €240,000 | €420,154 | €639,904 | €240,000 | ▼ 62.5% |
| Plant, machinery and equipment23 | - | €2,542 | €3,710 | €3,560 | €3,671 | ▲ 3.1% |
| Furniture and vehicles24 | - | €32,139 | €25,390 | €25,101 | €15,099 | ▼ 39.8% |
| Financial fixed assets28 | €2,340 | €2,340 | €2,340 | €2,340 | €2,340 | = |
| Current assets29/58 | €388,532 | €325,050 | €548,896 | €364,159 | €519,256 | ▲ 42.6% |
| Amounts receivable within one year40/41 | €73,039 | €135,204 | €216,069 | €180,822 | €96,758 | ▼ 46.5% |
| Trade receivables40 | - | €127,698 | €190,197 | €148,456 | €70,846 | ▼ 52.3% |
| Other amounts receivable41 | - | €7,506 | €25,873 | €32,366 | €25,912 | ▼ 19.9% |
| Current investments50/53 | - | - | €6,441 | €6,441 | €6,441 | = |
| Cash at bank and in hand54/58 | €306,345 | €185,542 | €311,373 | €145,692 | €403,033 | ▲ 177% |
| Deferred charges and accrued income490/1 | - | €4,305 | €15,012 | €31,204 | €13,024 | ▼ 58.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €433,802 | €602,071 | €1.0m | €1.0m | €780,366 | ▼ 24.6% |
| Equity10/15 | €259,309 | €401,883 | €690,375 | €824,318 | €427,488 | ▼ 48.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €18,600 | ▲ 200% |
| Reserves13 | €253,109 | €395,683 | €684,175 | €818,118 | €408,888 | ▼ 50.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €393,823 | €682,315 | €816,258 | €407,028 | ▼ 50.1% |
| Amounts payable17/49 | €174,493 | €200,189 | €310,114 | €210,745 | €352,878 | ▲ 67.4% |
| Amounts payable after more than one year17 | €49,048 | €32,244 | €15,004 | €2,438 | - | - |
| Financial debts170/4 | - | €32,244 | €15,004 | €2,438 | - | - |
| Amounts payable within one year42/48 | €125,445 | €167,944 | €295,110 | €208,307 | €352,878 | ▲ 69.4% |
| Current portion of amounts payable after more than one year42 | - | €16,804 | €17,619 | €12,524 | €32 | ▼ 99.7% |
| Trade debts44 | €53,712 | €76,325 | €98,715 | €96,000 | €251,709 | ▲ 162% |
| Suppliers440/4 | - | €76,325 | €98,715 | €96,000 | €251,709 | ▲ 162% |
| Taxes, remuneration and social security45 | - | €74,028 | €159,114 | €92,348 | €80,790 | ▼ 12.5% |
| Taxes450/3 | - | €50,598 | €136,056 | €68,086 | €66,011 | ▼ 3.0% |
| Remuneration and social security454/9 | - | €23,430 | €23,058 | €24,262 | €14,779 | ▼ 39.1% |
| Other amounts payable47/48 | - | €788 | €19,662 | €7,435 | €20,347 | ▲ 174% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €144,428 | €142,574 | €288,492 | €133,943 | €128,711 | ▼ 3.9% |
| + Depreciation and write-downs630 | €6,298 | €10,766 | €10,474 | €12,255 | €18,872 | ▲ 54.0% |
| Operating cash flow (approximation) | €150,726 | €153,340 | €298,966 | €146,198 | €147,583 | ▲ 0.9% |
| Investment in fixed assets (approximation) | - | -€242,517 | -€185,046 | -€231,566 | €390,922 | ▲ 269% |
| Change in cash | - | -€120,804 | €125,832 | -€165,682 | €257,341 | ▲ 255% |
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
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
19-03
State Gazette act
Registered officeStatutes amendment · Registered-office move4 facts ▸
State Gazette act
Registered office
Statutes amendment · Registered-office move4 facts ▸
- General meeting, 11 maart 2026
- Statutes amendment
- Registered-office move, 3600 Genk, Trosheidestraat 11
- General-meeting date, derde donderdag van de maand juni om 18.00 uur
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-06
Financial
Highest result since 2019net €288,492 ▲102%
Operating result €392,863, net result €288,492, both a record.
30-06
Financial
Equity above €500,000Eq €690,375 ▲71.8%
5 profitable years in a row build equity to €690,375.
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
30-06
Financial
Equity above €200,000Eq €259,309 ▲126%
3 profitable years in a row build equity to €259,309.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Liquidity triplescurrent ratio 2.82
Current ratio from 1.02 to 2.82; short-term debt falls from €98,533 to €65,778.
30-06
Financial
Equity above €100,000Eq €114,881 ▲176%
2 profitable years in a row build equity to €114,881.
17-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 2018
Ground area
1,252 m²
Building footprint
130 m²
Volume, LiDAR
575 m³
2 parcels, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
RR Projects Plus
since 20182.277.798.045
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71308A0816/00C050 | Flanders | 723 m² | - | - |
| 71308A0818/00S267 | Flanders | 529 m² | 1 · 130 m² | 9.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,591 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25510Coating of metals
25530Machining of metals
25999Manufacture of fabricated metal products, except machinery and equipment
41001General construction of residential buildings
68121Development of residential building projects
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700262992
Registered
03-06-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.