RSL CONSTRUCT
ActiveSummary
RSL CONSTRUCT has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,573 and a net result of -€18,122. Equity is growing by about 3% per year across the filed financial years. Its solvency ranks better than 18% of 11,207 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €38,573
- Loss
- -€18,122
- Parent
- Coussée Bouw · 100%
- DEMUYNCK Davy Roger GodardDirector
- VANFLETEREN KristofDirector
Why 86raises riskEquity €38,573 (0.6% of total assets)No registered site in the KBOlowers riskSize: total assets €6.5mSector: Real estate activities (NACE 68)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small): better than 16% on solvency, 74% on liquidity, 32% on profitability and 12% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 4 accounts on average 42 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Reappointment: BDO BEDRIJFSREVISOREN – BDO REVISEUR…Auditor report · Capital increase…
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 4 financial years
The operating result rises in 2025; 2025 is 35% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate 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), Staff (FTE).
Peer companies
Historical observationOf the 403 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96.3% are still going.
- Medium-sized
- solvency under 10%
- a small loss
- without age
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 403 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.
| Line | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €4.2m | €1.7m | ▼ 59.1% |
| Other operating charges640/8 | €0.01m | €0.2m | €0.002m | €0.001m | ▼ 62.8% |
| Gross operating margin9900 | €0.01m | €0.2m | €0.006m | €0.006m | ▼ 1.3% |
| Operating profit (loss)9901 | -€0.002m | -€0.002m | €0.004m | €0.005m | ▲ 35.1% |
| Financial income75/76B | - | €0.03m | €5 | €0 | ▼ 98.8% |
| Recurring financial income75 | - | €0.03m | €5 | €0 | ▼ 98.8% |
| Financial charges65/66B | €0.03m | €48 | €0.004m | €0.02m | ▲ 459% |
| Recurring financial charges65 | €0.03m | €48 | €0.004m | €0.02m | ▲ 459% |
| Profit (loss) for the period before taxes9903 | -€0.04m | €0.03m | -€392 | -€0.02m | ▼ 4,523% |
| Profit (loss) for the period9904 | -€0.04m | €0.03m | -€392 | -€0.02m | ▼ 4,523% |
| Profit (loss) for the period to be appropriated9905 | -€0.04m | €0.03m | -€392 | -€0.02m | ▼ 4,523% |
| Line | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €0.6m | €0.6m | €3.6m | €6.5m | ▲ 82.7% |
| Current assets29/58 | €0.6m | €0.6m | €3.6m | €6.5m | ▲ 82.7% |
| Stocks and contracts in progress3 | €0.5m | €0.6m | €3.3m | €5.4m | ▲ 63.1% |
| Stocks30/36 | - | - | €3.3m | €5.4m | ▲ 63.1% |
| Contracts in progress37 | €0.5m | €0.6m | €0 | - | - |
| Amounts receivable within one year40/41 | - | €173 | €0.09m | €0.3m | ▲ 225% |
| Trade receivables40 | - | - | €0.001m | €0.3m | ▲ 186× |
| Other amounts receivable41 | - | €173 | €0.09m | €0.02m | ▼ 73.8% |
| Cash at bank and in hand54/58 | €0.04m | €0.04m | €0.04m | €0.2m | ▲ 298% |
| Deferred charges and accrued income490/1 | - | - | €0.1m | €0.6m | ▲ 523% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0.6m | €0.6m | €3.6m | €6.5m | ▲ 82.7% |
| Equity10/15 | €0.03m | €0.06m | €0.06m | €0.04m | ▼ 32.0% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | -€0.04m | -€0.004m | -€0.005m | -€0.02m | ▼ 377% |
| Amounts payable17/49 | €0.5m | €0.6m | €3.5m | €6.5m | ▲ 84.6% |
| Amounts payable after more than one year17 | €0.5m | €0.5m | €2.8m | €5.4m | ▲ 90.7% |
| Financial debts170/4 | €0.5m | €0.5m | €2.8m | €5.4m | ▲ 90.7% |
| Amounts payable within one year42/48 | - | €0.005m | €0.6m | €0.7m | ▲ 18.8% |
| Financial debts43 | - | - | €0.004m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €0.004m | €0 | ▼ 100% |
| Trade debts44 | - | €0.005m | €0.6m | €0.7m | ▲ 17.6% |
| Suppliers440/4 | - | €0.005m | €0.6m | €0.7m | ▲ 17.6% |
| Advances received on contracts in progress46 | - | - | - | €0.01m | - |
| Other amounts payable47/48 | - | €455 | €0.008m | €0.008m | = |
| Accrued charges and deferred income492/3 | €0.03m | €0.06m | €0.1m | €0.4m | ▲ 267% |
| Line | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,319 | €30,906 | -€392 | -€18,122 | ▼ 4,523% |
| Operating cash flow (approximation) | -€35,319 | €30,906 | -€392 | -€18,122 | ▼ 4,523% |
| Change in cash | - | -€1,559 | - | €116,699 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 16-12-2025 | 2025-00586312 |
| 30-06-2024 | abbreviated format | 19-12-2024 | 2024-00624418 |
| 31-12-2022 | abbreviated format | 07-06-2023 | 2023-00111985 |
| 31-12-2021 | abbreviated format | 08-07-2022 | 2022-20171806 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €1.8m awarded · €1.6m paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €0 | €0.5m |
| 2023 | 1 | €0 | €1.1m |
| 2022 | 1 | €1.8m | €0 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Statutory auditor
| Name | Functions and periods |
|---|---|
| DEMUYNCK Davy Roger Godard |
|
| VANFLETEREN Kristof |
|
| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES |
|
| COUSSÉE Dirk |
|
| COUSSÉE Stefaan |
|
Owners and capital
Owners
3 ownersChain of control
- Coussée Bouw
- RSL CONSTRUCT
Highest known parent: Coussée Bouw. The sources do not say who stands above it.
Owners 3
- Coussée Bouwparent100%
-
50%
-
50%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 07-07-2026 Capital increase of €100,000 · to €161,500 · 162 new shares · in kind
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-07
Gazette deed
Reappointment: BDO BEDRIJFSREVISOREN – BDO REVISEUR D’ENTREPRISES (statutory auditor)Auditor report · Capital increase · Amendment of the articles17 facts ▸
- General meeting, 30-06-2026
- Other provision, “tussenkomst notaris, notaris te Roeselare” (deed in Dutch)
- Other provision, “verslag bestuursorgaan, artikel 7:197 §1 WVV” (deed in Dutch)
- Auditor report, “geen bevindingen van materieel belang”, EUR (deed in Dutch)
- Other provision, “kennisname bespreking vrijstelling voorlezing goedkeuring verslagen, kosteloos verkrijgen en kennisnemen” (deed in Dutch)
- Capital increase, €100,000
- Other provision, “artikel 7:155 niet van toepassing, kapitaalverhoging gaat niet gepaard met uitgifte van nieuwe soorten aandelen,wijziging van rechten verbonden aan een soort en…” (deed in Dutch)
- Other provision, “kapitaalverhoging door inbreng in natura, voorkeurrecht bij kapitaalverhoging door inbreng in natura” (deed in Dutch)
- Other provision, “alle aandeelhouders,aanwezig of vertegenwoordigd, deze kapitaalverhoging” (deed in Dutch)
- Amendment of the articles, 5 (2 times)
- Capital contribution, €100,000
- Other provision, “kennis statuten en financiële toestand, inschrijvers” (deed in Dutch)
- +5 further facts in this act
05-02
Gazette deed
Appointments: COUSSÉE Dirk, COUSSÉE Stefaan and 3 othersResignations: COUSSÉE Dirk (director) and COUSSÉE Stefaan (director) · Amendment of the articles24 facts ▸
- General meeting, 21-12-2023
- Amendment of the articles, “Titel 0: Definities” (deed in Dutch)
- Amendment of the articles, 5
- Amendment of the articles, 13
- Amendment of the articles, 15
- Amendment of the articles, 16
- Amendment of the articles, 17
- Amendment of the articles, 18
- Amendment of the articles, 19
- Amendment of the articles, 20
- Amendment of the articles, 21
- Amendment of the articles, 22
- +12 further facts in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0747.584.740
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36505A0130/00C000 | Flanders | 2.4 ha | 1 · 433 m² | 9.4 m · 3 |
How the parcels are linked
Articles of association
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Vervanging en ontslag bestuurders, Aandeelhouders leveren Beste Inspanningen” (deed in Dutch)8 more provisions on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Aandelen A, Aandelen B” (deed in Dutch)deed of 07-07-2026
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Overdracht van Aandelen en mutatis mutandis voor alle andere Effecten die huidige of toekomstige rechten op Aandelen vertegenwoordigen, De…” (deed in Dutch)“Volgrecht, De andere Aandeelhouders die hun Volgrecht wensen uit te oefenen, moeten de Overdrager daarvan in kennis stellen binnen een…” (deed in Dutch)“Vraagprijs, andere Aandeelhouders hebben recht om aangehouden Aandelen aan kandidaat-overnemer over te dragen” (deed in Dutch)“Schadebeding en nietigheid, forfaitaire schadevergoeding zoals begroot in aandeelhoudersovereenkomst van 21 december 2023” (deed in Dutch)“Substantieel in de vorm zoals aangehecht als Bijlage 4.11.1, Toetredingsovereenkomst” (deed in Dutch)“Kennisgeving van Voltooiing van Overdracht, overdracht die geen Vrije Overdracht uitmaakt” (deed in Dutch)2 more provisions on this in the deeddeed of 05-02-2024
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Thursday of December at 09:00
- General meeting ruleHow the general meeting works: who calls it, who may attend and how it decides.
- One provision in the deed