RSC CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of RSC CONSTRUCT is 2.3% (moderate). The 2025 annual accounts show equity of €49,077 and a net result of €19,260. Equity is growing by ~36% per year across the filed fiscal years. Its solvency ranks better than 16% of 7930 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+2
Solvency40▲+5
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.05 in 2024; short-term debt: 80% and cash: 8.1% of total assets), and 85.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 · 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7930 sector peers (2025).
NBB · sector comparisonPosition among 7930 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
29 d early
2023
46 d late
2022
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 4 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 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 17 October (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€49,077▲ 64.6%
2024 · €29,817
Total assets
€335,694▲ 13.6%
2024 · €295,550
Net result
€19,260▲ 69.7%
2024 · €11,350
Working capital
€26,850▲ 84.5%
2024 · €14,555
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
Line2022202320242025
Operating result€38,271--€10,492€15,432€28,600▲ 85.3%
Net result€27,620within the sector's middle half--€14,153below the sector's middle half€11,350within the sector's middle half€19,260within the sector's middle half▲ 69.7%
Equity€32,620below the sector's middle half-€18,467below the sector's middle half▼ 43.4%€29,817below the sector's middle half▲ 61.5%€49,077below the sector's middle half▲ 64.6%
Total assets€182,363below the sector's middle half-€417,689below the sector's middle half▲ 129%€295,550below the sector's middle half▼ 29.2%€335,694within the sector's middle half▲ 13.6%
Debt€149,743-€399,222▲ 167%€265,733▼ 33.4%€286,617▲ 7.9%
Working capital€28,041below the sector's middle half-€4,934below the sector's middle half▼ 82.4%€14,555below the sector's middle half▲ 195%€26,850within the sector's middle half▲ 84.5%
Solvency17.9%below the sector's middle half-4.4%below the sector's middle half▼ 13.5pp10.1%below the sector's middle half▲ 5.7pp14.6%below the sector's middle half▲ 4.5pp
Current ratio1.19within the sector's middle half-1.01below the sector's middle half▼ 0.171.05below the sector's middle half▲ 0.041.10below the sector's middle half▲ 0.05
Return on assets (ROA)15.1%above the sector's middle half--3.4%below the sector's middle half▼ 18.5pp3.8%within the sector's middle half▲ 7.2pp5.7%within the sector's middle half▲ 1.9pp
Staff (FTE)0below the sector's middle half
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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 85% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €335,694
Fixed assets
€40,233 ▲ 164%
Current assets
€295,461 ▲ 5.4%
Equity and liabilities €335,694
Equity
€49,077 ▲ 64.6%
Debt
€286,617 ▲ 7.9%
Debt's share of the balance-sheet total falls from 89.9% to 85.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34,608▲
2024 · €18,864
Cash flow
€25,269▲
2024 · €14,782
Quick ratio
0.75▲
2024 · 0.29
Debt to equity
5.84▼
2024 · 8.91
ROE
39.2%▲
2024 · 38.1%
Interest coverage
11.22▼
2024 · 12.57
Debt ≤ 1 year
€268,611▲
2024 · €265,733
Debt > 1 year
€18,006
Income taxes
€6,254▲
2024 · €4,115
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,706 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,255 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €219 | €1,602 | €3,432 | €6,008 | ▲ 75.1% |
| Other operating charges640/8 | €1,418 | €2,692 | €572 | €758 | ▲ 32.5% |
| Gross operating margin9900 | €39,908 | -€6,197 | €19,436 | €35,366 | ▲ 82.0% |
| Operating profit (loss)9901 | €38,271 | -€10,492 | €15,432 | €28,600 | ▲ 85.3% |
| Financial income75/76B | €80 | - | €1,534 | €0 | ▼ 100% |
| Recurring financial income75 | €80 | - | €1,534 | €0 | ▼ 100% |
| Financial charges65/66B | €258 | €1,154 | €1,501 | €3,085 | ▲ 106% |
| Recurring financial charges65 | €258 | €1,154 | €1,501 | €3,085 | ▲ 106% |
| Profit (loss) for the period before taxes9903 | €38,093 | -€11,646 | €15,465 | €25,515 | ▲ 65.0% |
| Income taxes67/77 | €10,473 | €2,507 | €4,115 | €6,254 | ▲ 52.0% |
| Profit (loss) for the period9904 | €27,620 | -€14,153 | €11,350 | €19,260 | ▲ 69.7% |
| Profit (loss) for the period to be appropriated9905 | €27,620 | -€14,153 | €11,350 | €19,260 | ▲ 69.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €182,363 | €417,689 | €295,550 | €335,694 | ▲ 13.6% |
| Fixed assets21/28 | €4,579 | €13,533 | €15,262 | €40,233 | ▲ 164% |
| Tangible fixed assets22/27 | €3,579 | €13,033 | €14,762 | €39,733 | ▲ 169% |
| Plant, machinery and equipment23 | - | - | €3,367 | €5,648 | ▲ 67.8% |
| Furniture and vehicles24 | €3,579 | €13,033 | €11,395 | €34,085 | ▲ 199% |
| Financial fixed assets28 | €1,000 | €500 | €500 | €500 | = |
| Current assets29/58 | €177,784 | €404,156 | €280,288 | €295,461 | ▲ 5.4% |
| Amounts receivable after more than one year29 | - | - | - | €109,539 | - |
| Trade receivables290 | - | - | - | €109,539 | - |
| Stocks and contracts in progress3 | - | €225,000 | €203,000 | €93,462 | ▼ 54.0% |
| Contracts in progress37 | - | €225,000 | €203,000 | €93,462 | ▼ 54.0% |
| Amounts receivable within one year40/41 | €80,895 | €145,482 | €44,783 | €65,354 | ▲ 45.9% |
| Trade receivables40 | €220 | €91,119 | €25,336 | €52,310 | ▲ 106% |
| Other amounts receivable41 | €80,675 | €54,363 | €19,447 | €13,044 | ▼ 32.9% |
| Cash at bank and in hand54/58 | €94,608 | €32,891 | €32,505 | €27,107 | ▼ 16.6% |
| Deferred charges and accrued income490/1 | €2,281 | €782 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €182,363 | €417,689 | €295,550 | €335,694 | ▲ 13.6% |
| Equity10/15 | €32,620 | €18,467 | €29,817 | €49,077 | ▲ 64.6% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €27,620 | €27,620 | €27,620 | €27,620 | = |
| Distributable reserves133 | €27,620 | €27,620 | €27,620 | €27,620 | = |
| Profit (loss) carried forward14 | - | -€14,153 | -€2,803 | €16,457 | ▲ 687% |
| Amounts payable17/49 | €149,743 | €399,222 | €265,733 | €286,617 | ▲ 7.9% |
| Amounts payable after more than one year17 | - | - | - | €18,006 | - |
| Financial debts170/4 | - | - | - | €18,006 | - |
| Amounts payable within one year42/48 | €149,743 | €399,222 | €265,733 | €268,611 | ▲ 1.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,287 | - |
| Financial debts43 | - | - | - | €10,000 | - |
| Credit institutions430/8 | - | - | - | €10,000 | - |
| Trade debts44 | €133,957 | €326,966 | €211,379 | €172,713 | ▼ 18.3% |
| Suppliers440/4 | €133,957 | €326,966 | €211,379 | €172,713 | ▼ 18.3% |
| Advances received on contracts in progress46 | - | €5,506 | €2,000 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €15,786 | €18,807 | €10,240 | €12,495 | ▲ 22.0% |
| Taxes450/3 | €10,473 | €11,975 | €6,622 | €7,706 | ▲ 16.4% |
| Remuneration and social security454/9 | €5,313 | €6,832 | €3,618 | €4,789 | ▲ 32.4% |
| Other amounts payable47/48 | - | €47,942 | €42,114 | €72,116 | ▲ 71.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,620 | -€14,153 | €11,350 | €19,260 | ▲ 69.7% |
| + Depreciation and write-downs630 | €219 | €1,602 | €3,432 | €6,008 | ▲ 75.1% |
| Operating cash flow (approximation) | €27,839 | -€12,551 | €14,782 | €25,269 | ▲ 70.9% |
| Investment in fixed assets (approximation) | - | -€10,557 | -€5,160 | -€30,979 | ▼ 500% |
| Change in cash | - | -€61,717 | -€386 | -€5,398 | ▼ 1,299% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Back to profitnet €11,350
Net result €11,350 after one loss-making year.
2023
16-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 46 days late
31-03
Financial
Weakest financial yearnet -€14,153
Net result drops to -€14,153, the lowest in the series; recovery starts the following year.
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Zaventem · 1 establishment unit since 2020
Ground area
4,170 m²
Building footprint
1,316 m²
Volume, LiDAR
13,760 m³
Parcel 23057B0120/00D000, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
64
companies at this address
See who is registered here
1 establishment unit
RSC CONSTRUCT
since 20202.310.368.863
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23057B0120/00D000 | Flanders | 4,170 m² | 1 · 1,315 m² | 15.4 m · 4 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.
Similar companies · same sector, comparable size
Flex Advies & Milieutechniek
BE 0789.323.840
Zandhoven · Eq €49,075
Tiva Construct
BE 0548.671.986
Sint-Agatha-Berchem · Eq €49,065
ALPIBAT
BE 0589.923.019
Andenne · Eq €49,099
Safciu Construct
BE 0820.492.910
Charleroi · Eq €49,029
CAR-IMMO SPRL
BE 0687.884.309
Estaimpuis · Eq €48,993
Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 6,074 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
Founded18-11-2020
Fiscal year end31-03
Activities, NACEBEL 2025
43990Other specialised construction activities
68121Development of residential building projects
43310Plastering work
43341Painting of buildings
43350Other building finishing work
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0758539010
Also
9925:BE0758539010
Registered
25-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.