RSD CONSTRUCTIONS
ActiveSummary
The computed 12-month bankruptcy probability of RSD CONSTRUCTIONS is 2.0% (moderate). The 2024 annual accounts show equity of €166,898 and a net result of €14,739. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 93% of 36377 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability57▼-43
Solvency100▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days only on tighter terms
Liquidity ample (current ratio 8.4 against 2.6 in 2023; short-term debt: 11.8% and cash: 28.8% of total assets), and 11.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · 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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €166,898
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-04-2026, 252 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
252 d late
2023
65 d late
2022
33 d early
2021
33 d late
2020
9 d early
2019
87 d late
← 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 66 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€166,898▲ 9.7%
2023 · €152,159
Total assets
€189,193▼ 23.1%
2023 · €246,137
Net result
€14,739▼ 89.0%
2023 · €134,158
Working capital
€165,058▲ 9.8%
2023 · €150,319
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
Line20202021202220232024
Operating result€1,203▼ 84.2%-€6,543€69,034€146,828▲ 113%€16,305▼ 88.9%
Net result€1,001▼ 85.1%-€6,653€67,495€134,158▲ 98.8%€14,739▼ 89.0%
Equity€17,160▲ 6.2%€10,507▼ 38.8%€78,001▲ 642%€152,159▲ 95.1%€166,898▲ 9.7%
Total assets€24,452▼ 21.5%€14,014▼ 42.7%€85,846▲ 513%€246,137▲ 187%€189,193▼ 23.1%
Debt€7,292▼ 51.3%€3,507▼ 51.9%€7,844▲ 124%€93,978▲ 1,098%€22,295▼ 76.3%
Working capital€14,612▼ 15.3%€9,926▼ 32.1%€79,255▲ 698%€150,319▲ 89.7%€165,058▲ 9.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 89% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €189,193
Fixed assets
€1,840 =
Current assets
€187,353 ▼ 23.3%
Equity and liabilities €189,193
Equity
€166,898 ▲ 9.7%
Debt
€22,295 ▼ 76.3%
Debt's share of the balance-sheet total falls from 38.2% to 11.8%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
8.40▲
2023 · 2.60
Debt to equity
0.13▼
2023 · 0.62
ROE
8.8%▼
2023 · 88.2%
ROA
7.8%▼
2023 · 54.5%
Debt ≤ 1 year
€22,295▼
2023 · €93,978
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,887 | €4,950 | €0 | €682 | - | - |
| Other operating charges640/8 | - | €2,501 | €373 | - | - | - |
| Non-recurring operating charges66A | - | - | €2,680 | - | - | - |
| Gross operating margin9900 | €5,355 | €907 | €72,087 | €147,509 | €16,305 | ▼ 88.9% |
| Operating profit (loss)9901 | €1,203 | -€6,543 | €69,034 | €146,828 | €16,305 | ▼ 88.9% |
| Financial income75/76B | - | €95 | - | €1,790 | €2,829 | ▲ 58.1% |
| Recurring financial income75 | €139 | €95 | - | €1,790 | €2,829 | ▲ 58.1% |
| Financial charges65/66B | - | €205 | €1,539 | €599 | €4,396 | ▲ 633% |
| Recurring financial charges65 | €341 | €205 | €1,539 | €599 | €4,396 | ▲ 633% |
| Profit (loss) for the period before taxes9903 | €1,001 | -€6,653 | €67,495 | €148,018 | €14,739 | ▼ 90.0% |
| Income taxes67/77 | - | - | - | €13,860 | - | - |
| Profit (loss) for the period9904 | €1,001 | -€6,653 | €67,495 | €134,158 | €14,739 | ▼ 89.0% |
| Profit (loss) for the period to be appropriated9905 | €1,001 | -€6,653 | €67,495 | €134,158 | €14,739 | ▼ 89.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,452 | €14,014 | €85,846 | €246,137 | €189,193 | ▼ 23.1% |
| Fixed assets21/28 | €7,630 | €2,980 | €300 | €1,840 | €1,840 | = |
| Tangible fixed assets22/27 | €7,630 | €2,680 | - | - | - | - |
| Furniture and vehicles24 | - | €2,680 | - | - | - | - |
| Financial fixed assets28 | - | €300 | €300 | €1,840 | €1,840 | = |
| Current assets29/58 | €16,822 | €11,034 | €85,546 | €244,297 | €187,353 | ▼ 23.3% |
| Amounts receivable within one year40/41 | €16,104 | €9,289 | €13,327 | €105,843 | €132,941 | ▲ 25.6% |
| Trade receivables40 | - | €4,582 | €13,327 | €48,817 | €40,820 | ▼ 16.4% |
| Other amounts receivable41 | - | €4,706 | - | €57,026 | €92,121 | ▲ 61.5% |
| Cash at bank and in hand54/58 | €718 | €1,745 | €72,219 | €138,454 | €54,412 | ▼ 60.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,452 | €14,014 | €85,846 | €246,137 | €189,193 | ▼ 23.1% |
| Equity10/15 | €17,160 | €10,507 | €78,001 | €152,159 | €166,898 | ▲ 9.7% |
| Contributions10/11 | - | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | €3,290 | €3,290 | €20,164 | €20,164 | €20,164 | = |
| Non-distributable reserves130/1 | - | €3,290 | €20,164 | €20,164 | €20,164 | = |
| Reserves not available under the articles1311 | - | €3,290 | €20,164 | €20,164 | €20,164 | = |
| Profit (loss) carried forward14 | €9,870 | €3,217 | €53,838 | €127,995 | €142,734 | ▲ 11.5% |
| Amounts payable17/49 | €7,292 | €3,507 | €7,844 | €93,978 | €22,295 | ▼ 76.3% |
| Amounts payable after more than one year17 | €5,082 | €2,399 | - | - | - | - |
| Financial debts170/4 | - | €2,399 | - | - | - | - |
| Amounts payable within one year42/48 | €2,210 | €1,108 | €6,291 | €93,978 | €22,295 | ▼ 76.3% |
| Trade debts44 | €1,174 | €1,108 | €5,401 | €33,978 | €22,295 | ▼ 34.4% |
| Suppliers440/4 | - | €1,108 | €5,401 | €33,978 | €22,295 | ▼ 34.4% |
| Taxes, remuneration and social security45 | - | - | €891 | - | - | - |
| Taxes450/3 | - | - | €891 | - | - | - |
| Other amounts payable47/48 | - | - | - | €60,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | €1,553 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,001 | -€6,653 | €67,495 | €134,158 | €14,739 | ▼ 89.0% |
| + Depreciation and write-downs630 | €3,887 | €4,950 | €0 | €682 | - | - |
| Operating cash flow (approximation) | €4,888 | -€1,703 | €67,495 | €134,839 | €14,739 | ▼ 89.1% |
| Investment in fixed assets (approximation) | - | -€300 | €2,680 | -€2,222 | €0 | ▲ 100% |
| Change in cash | - | €1,028 | €70,473 | €66,235 | -€84,042 | ▼ 227% |
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
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 252 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 8.40
Current ratio from 2.60 to 8.40; short-term debt falls from €93,978 to €22,295.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Highest result since 2018net €134,158 ▲98.8%
Operating result €146,828, net result €134,158, both a record.
31-12
Financial
Equity above €150,000Eq €152,159 ▲95.1%
2 profitable years in a row build equity to €152,159.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €67,495
Net result €67,495 after one loss-making year.
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 33 days late
2021
31-12
Financial
Weakest financial yearnet -€6,653
Net result drops to -€6,653, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 7.61
Current ratio from 3.39 to 7.61; short-term debt falls from €7,223 to €2,210.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Ukkel
Ground area
126 m²
Building footprint
103 m²
Volume, LiDAR
901 m³
Parcel 21612C0001/00F036, Brussels · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0001/00F036 | Brussels | 126 m² | 1 · 103 m² | 13.9 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.
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Of 7,043 companies in sector 43221 we hold annual accounts for 3,472. 2,961 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
Founded26-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.