RS &P CONSTRUCT
ActiveSummary
RS &P CONSTRUCT has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €313,133 and a net result of €20,058. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 95% of 34,699 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Financials · financial year 2025, micro format
Equity
€313,133▲ 6.8%
2024 · €293,075
Total assets
€325,662▲ 6.5%
2024 · €305,873
Net result
€20,058▼ 64.5%
2024 · €56,515
Working capital
€12,987
2024 · -€7,070
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 2% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€27,920
2025
Net result€20,058
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€325,662
2025
Equity€313,133
2025
Debt€12,529
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€12,987
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)6.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency96.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.04
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: 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
Line20182019202020212022202320242025
Operating result€17,705-€19,689▲ 11.2%€37,815▲ 92.1%€21,337▼ 43.6%€23,887▲ 11.9%€24,925▲ 4.3%€28,430▲ 14.1%€27,920▼ 1.8%
Net result€8,945-€35,614▲ 298%€52,461above the sector's middle half▲ 47.3%€10,708within the sector's middle half▼ 79.6%€17,531within the sector's middle half▲ 63.7%€43,797above the sector's middle half▲ 150%€56,515above the sector's middle half▲ 29.0%€20,058within the sector's middle half▼ 64.5%
Equity€76,449-€112,063▲ 46.6%€164,524above the sector's middle half▲ 46.8%€175,232above the sector's middle half▲ 6.5%€192,763above the sector's middle half▲ 10.0%€236,560above the sector's middle half▲ 22.7%€293,075above the sector's middle half▲ 23.9%€313,133above the sector's middle half▲ 6.8%
Total assets€333,539-€329,277▼ 1.3%€330,570above the sector's middle half▲ 0.4%€316,539above the sector's middle half▼ 4.2%€312,804above the sector's middle half▼ 1.2%€307,185above the sector's middle half▼ 1.8%€305,873above the sector's middle half▼ 0.4%€325,662above the sector's middle half▲ 6.5%
Debt€257,090-€217,213▼ 15.5%€166,046▼ 23.6%€141,307▼ 14.9%€120,041▼ 15.0%€70,625▼ 41.2%€12,797▼ 81.9%€12,529▼ 2.1%
Working capital-€119,087--€100,877▲ 15.3%-€66,343below the sector's middle half▲ 34.2%-€77,528below the sector's middle half▼ 16.9%-€59,997below the sector's middle half▲ 22.6%-€61,643below the sector's middle half▼ 2.7%-€7,070below the sector's middle half▲ 88.5%€12,987within the sector's middle half
Solvency22.9%-34.0%▲ 11.1pp49.8%within the sector's middle half▲ 15.7pp55.4%within the sector's middle half▲ 5.6pp61.6%within the sector's middle half▲ 6.3pp77.0%above the sector's middle half▲ 15.4pp95.8%above the sector's middle half▲ 18.8pp96.2%above the sector's middle half▲ 0.3pp
Current ratio0.18-0.20▲ 0.020.31below the sector's middle half▲ 0.110.17below the sector's middle half▼ 0.140.17below the sector's middle half=0.10below the sector's middle half▼ 0.070.45below the sector's middle half▲ 0.352.04within the sector's middle half▲ 1.59
Return on assets (ROA)2.7%-10.8%▲ 8.1pp15.9%within the sector's middle half▲ 5.1pp3.4%within the sector's middle half▼ 12.5pp5.6%within the sector's middle half▲ 2.2pp14.3%within the sector's middle half▲ 8.7pp18.5%above the sector's middle half▲ 4.2pp6.2%within the sector's middle half▼ 12.3pp
above
within
below
the middle half of NACE 43, Specialised construction activities: 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 €325,662
Fixed assets
€300,146 =
Current assets
€25,516 ▲ 346%
Equity and liabilities €325,662
Equity
€313,133 ▲ 6.8%
Debt
€12,529 ▼ 2.1%
Debt's share of the balance-sheet total falls from 4.2% to 3.8%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.04▼
2024 · 0.04
ROE
6.4%▼
2024 · 19.3%
Debt ≤ 1 year
€12,529▼
2024 · €12,797
Income taxes
€7,881▲
2024 · €6,504
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,433 | €3,433 | €3,432 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €549 | €439 | €537 | €640 | €636 | ▼ 0.7% |
| Gross operating margin9900 | €21,791 | €23,870 | €41,846 | €21,886 | €24,325 | €25,462 | €29,070 | €28,556 | ▼ 1.8% |
| Operating profit (loss)9901 | €17,705 | €19,689 | €37,815 | €21,337 | €23,887 | €24,925 | €28,430 | €27,920 | ▼ 1.8% |
| Financial income75/76B | - | - | - | - | - | €25,175 | €35,188 | €227 | ▼ 99.4% |
| Recurring financial income75 | €14 | €25,053 | €25,000 | - | - | €25,175 | €35,188 | €227 | ▼ 99.4% |
| Financial charges65/66B | - | - | - | €2,245 | €1,661 | €1,092 | €598 | €209 | ▼ 65.1% |
| Recurring financial charges65 | €3,866 | €3,129 | €2,657 | €2,245 | €1,661 | €1,092 | €598 | €209 | ▼ 65.1% |
| Profit (loss) for the period before taxes9903 | €13,853 | €41,613 | €60,158 | €19,092 | €22,225 | €49,008 | €63,019 | €27,938 | ▼ 55.7% |
| Income taxes67/77 | €4,908 | €5,999 | €7,698 | €8,384 | €4,694 | €5,211 | €6,504 | €7,881 | ▲ 21.2% |
| Profit (loss) for the period9904 | €8,945 | €35,614 | €52,461 | €10,708 | €17,531 | €43,797 | €56,515 | €20,058 | ▼ 64.5% |
| Profit (loss) for the period to be appropriated9905 | €8,945 | €35,614 | €52,461 | €10,708 | €17,531 | €43,797 | €56,515 | €20,058 | ▼ 64.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €333,539 | €329,277 | €330,570 | €316,539 | €312,804 | €307,185 | €305,873 | €325,662 | ▲ 6.5% |
| Fixed assets21/28 | €307,011 | €303,578 | €300,146 | €300,146 | €300,146 | €300,146 | €300,146 | €300,146 | = |
| Tangible fixed assets22/27 | €6,865 | €3,432 | - | - | - | - | - | - | - |
| Financial fixed assets28 | €300,146 | €300,146 | €300,146 | €300,146 | €300,146 | €300,146 | €300,146 | €300,146 | = |
| Current assets29/58 | €26,528 | €25,699 | €30,424 | €16,393 | €12,658 | €7,039 | €5,727 | €25,516 | ▲ 346% |
| Amounts receivable within one year40/41 | €6,698 | €7,766 | €14,270 | €4,997 | €4,319 | €215 | €3,286 | €4,120 | ▲ 25.4% |
| Trade receivables40 | - | - | - | €4,613 | €3,250 | - | €3,092 | €3,786 | ▲ 22.5% |
| Other amounts receivable41 | - | - | - | €384 | €1,069 | €215 | €194 | €334 | ▲ 72.1% |
| Cash at bank and in hand54/58 | €19,296 | €17,184 | €16,154 | €11,396 | €7,501 | €5,877 | €1,530 | €19,715 | ▲ 13× |
| Deferred charges and accrued income490/1 | - | - | - | - | €838 | €947 | €911 | €1,681 | ▲ 84.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €333,539 | €329,277 | €330,570 | €316,539 | €312,804 | €307,185 | €305,873 | €325,662 | ▲ 6.5% |
| Equity10/15 | €76,449 | €112,063 | €164,524 | €175,232 | €192,763 | €236,560 | €293,075 | €313,133 | ▲ 6.8% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €63,398 | €95,898 | €95,898 | €95,898 | €95,898 | €95,898 | €95,898 | €115,955 | ▲ 20.9% |
| Distributable reserves133 | - | - | - | €95,898 | €95,898 | €95,898 | €95,898 | €115,955 | ▲ 20.9% |
| Profit (loss) carried forward14 | €6,851 | €9,965 | €62,426 | €73,134 | €90,665 | €134,462 | €190,978 | €190,978 | = |
| Amounts payable17/49 | €257,090 | €217,213 | €166,046 | €141,307 | €120,041 | €70,625 | €12,797 | €12,529 | ▼ 2.1% |
| Amounts payable after more than one year17 | €111,475 | €90,638 | €69,279 | €47,386 | €47,386 | €1,943 | - | - | - |
| Financial debts170/4 | - | - | - | €47,386 | €47,386 | €1,943 | - | - | - |
| Amounts payable within one year42/48 | €145,615 | €126,576 | €96,767 | €93,921 | €72,655 | €68,682 | €12,797 | €12,529 | ▼ 2.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €21,893 | €27 | €23,092 | €1,943 | - | - |
| Trade debts44 | €287 | €174 | €226 | €425 | €1,686 | €1,691 | €2,366 | €1,604 | ▼ 32.2% |
| Suppliers440/4 | - | - | - | €425 | €1,686 | €1,691 | €2,366 | €1,604 | ▼ 32.2% |
| Taxes, remuneration and social security45 | - | - | - | €1,983 | €2,721 | €1,155 | €6,427 | €5,742 | ▼ 10.6% |
| Taxes450/3 | - | - | - | €387 | €1,073 | €1,071 | €4,595 | €5,742 | ▲ 25.0% |
| Remuneration and social security454/9 | - | - | - | €1,596 | €1,649 | €83 | €1,832 | - | - |
| Other amounts payable47/48 | - | - | - | €69,620 | €68,220 | €42,744 | €2,062 | €5,183 | ▲ 151% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,945 | €35,614 | €52,461 | €10,708 | €17,531 | €43,797 | €56,515 | €20,058 | ▼ 64.5% |
| + Depreciation and write-downs630 | €3,433 | €3,433 | €3,432 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €12,378 | €39,047 | €55,893 | €10,708 | €17,531 | €43,797 | €56,515 | €20,058 | ▼ 64.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,111 | -€1,030 | -€4,758 | -€3,895 | -€1,623 | -€4,347 | €18,185 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00378189 |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00484295 |
| 31-12-2023 | micro format | 06-09-2024 | 2024-00452874 |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00180979 |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20105095 |
| 31-12-2020 | micro format | 30-07-2021 | 2021-45400560 |
| 31-12-2019 | micro format | 02-10-2020 | 2020-58300242 |
| 31-12-2018 | micro format | 31-08-2019 | 2019-63200588 |
| 31-12-2017 | micro format | 07-08-2018 | 2018-44100401 |
| 31-12-2016 | micro format | 30-07-2017 | 2017-39200373 |
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Of the 15,144 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,382. 5,298 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.