RS Homes Development
ActiveRS Homes Development has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €-14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 9099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency22▼-2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.05 against 1.16 in 2024), and 85.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
Solvency
14.8%
Return on assets
-5.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
5 d early
2022
8 d early
2021
4 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€36k▼ 28.5%
2024 · €50k
2021: €-140k
2022: €-9k
2023: €-86k
2024: €50k
2021 → 2025
Total assets
€243k▼ 30.0%
2024 · €347k
2021: €247k
2022: €358k
2023: €160k
2024: €347k
2021 → 2025
Net result
€-14k
2024 · €136k
2021: €-150k
2022: €131k
2023: €-77k
2024: €136k
2021 → 2025
Working capital
€8k▼ 83.9%
2024 · €48k
2021: €-167k
2022: €-22k
2023: €-93k
2024: €48k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-140k-€-9k▲ 93.6%€-86k▼ 860%€50k€36k▼ 28.5%
Operating result€-153k-€130k€-73k€152k€-14k
Net result€-150k-€131k€-77k€136k€-14k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14k after €152k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €243k
Fixed assets
€81k▲ 3,880%
Current assets
€161k▼ 53.2%
Equity and liabilities €243k
Equity
€36k▼ 28.5%
Debt
€207k▼ 30.3%
The debt ratio falls from 85.5% to 85.2%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-11k▼
2024 · €158k
Cash flow
€-12k▼
2024 · €142k
Solvency
14.8%▲
2024 · 14.5%
Current ratio
1.05▼
2024 · 1.16
Quick ratio
1.05▼
2024 · 1.16
Debt / equity
5.77▼
2024 · 5.92
ROE
-39.9%▼
2024 · 270.8%
ROA
-5.9%▼
2024 · 39.2%
Interest coverage
-18.71▼
2024 · 56.43
Debt
€207k▼
2024 · €297k
Debt ≤ 1 year
€154k▼
2024 · €297k
Debt > 1 year
€53k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€347k€243k▼
Fixed assets21/28€2k€81k▲
Tangible fixed assets22/27€2k€81k▲
Plant, machinery and equipment23€447€196▼
Furniture and vehicles24€2k€81k▲
Current assets29/58€345k€161k▼
Amounts receivable within one year40/41€221k€99k▼
Trade receivables40€205k€54k▼
Other amounts receivable41€17k€46k▲
Cash at bank and in hand54/58€123k€59k▼
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€347k€243k▼
Equity10/15€50k€36k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€40k€26k▼
Amounts payable17/49€297k€207k▼
Amounts payable after more than one year17-€53k
Financial debts170/4-€53k
Amounts payable within one year42/48€297k€154k▼
Financial debts43-€13k
Credit institutions430/8-€13k
Trade debts44€38k€97k▲
Suppliers440/4€38k€97k▲
Advances received on contracts in progress46€200k-
Taxes, remuneration and social security45€17k€5k▼
Taxes450/3€17k€5k▼
Other amounts payable47/48€42k€40k▼
Income statement
Code20242025
Remuneration, social security and pensions62€43k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€3k▼
Other operating charges640/8€24k€4k▼
Gross operating margin9900€226k€-7k▼
Operating profit (loss)9901€152k€-14k▼
Financial income75/76B€113-
Recurring financial income75€113-
Financial charges65/66B€3k€591▼
Recurring financial charges65€3k€591▼
Profit (loss) for the period before taxes9903€150k€-14k▼
Income taxes67/77€14k-
Profit (loss) for the period9904€136k€-14k▼
Profit (loss) for the period to be appropriated9905€136k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€26k▼
Profit (loss) brought forward from the previous period14P€-96k€40k▲
Social balance
Average headcount (FTE)90870.8-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Back to profitnet €136k
Net result €136k after one loss-making year.
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €131k
Net result €131k after one loss-making year.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Geraardsbergen · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Moerbekeplein(Moe) 11B9500 GeraardsbergenGround area
513 m²
Building footprint
136 m²
Volume, LiDAR
867 m³
Parcel 41041B0453/00H004, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RS Homes Development
since 20202.301.379.042
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41041B0453/00H004 | Flanders | 513 m² | 1 · 136 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0435.894.640
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Groeninghe Projects
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Of 9,633 companies in sector 68121 we hold annual accounts for 7,327. 4,645 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-04-2020
Fiscal year end30-06
Activities, NACEBEL
68121Development of residential building projects
41001General construction of residential buildings
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.