RST PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of RST PROJECTS is 2.9% (moderate). The 2025 annual accounts show negative equity (-€24,986) and a net result of -€29,986. Its solvency ranks better than 5% of 28051 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes
Profitability0
Solvency0
Growth-
Track record67
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6; short-term debt: 159.2% and cash: 8.5% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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
-59.2%
Return on assets
-71.1%
Age of the figures
9 mo
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2025
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
-€24,986
Total assets
€42,179
Net result
-€29,986
Working capital
-€26,646
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €42,179
Fixed assets
€1,660
Current assets
€40,519
Key figures and ratios
EBITDA
-€29,226
Cash flow
-€29,580
Solvency
-59.2%
Current ratio
0.60
Debt to equity
-2.69
ROA
-71.1%
Interest coverage
-79.59
Debt
€67,165
Debt ≤ 1 year
€67,165
Annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €406 |
| Other operating charges640/8 | €63 |
| Gross operating margin9900 | -€29,163 |
| Operating profit (loss)9901 | -€29,632 |
| Financial income75/76B | €13 |
| Recurring financial income75 | €13 |
| Financial charges65/66B | €367 |
| Recurring financial charges65 | €367 |
| Profit (loss) for the period before taxes9903 | -€29,986 |
| Profit (loss) for the period9904 | -€29,986 |
| Profit (loss) for the period to be appropriated9905 | -€29,986 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €42,179 | |
| Fixed assets21/28 | €1,660 | |
| Tangible fixed assets22/27 | €1,660 | |
| Furniture and vehicles24 | €1,660 | |
| Current assets29/58 | €40,519 | |
| Amounts receivable within one year40/41 | €36,831 | |
| Trade receivables40 | €23,538 | |
| Other amounts receivable41 | €13,294 | |
| Cash at bank and in hand54/58 | €3,604 | |
| Deferred charges and accrued income490/1 | €84 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €42,179 | |
| Equity10/15 | -€24,986 | |
| Contributions10/11 | €5,000 | |
| Profit (loss) carried forward14 | -€29,986 | |
| Amounts payable17/49 | €67,165 | |
| Amounts payable within one year42/48 | €67,165 | |
| Trade debts44 | €65,646 | |
| Suppliers440/4 | €65,646 | |
| Other amounts payable47/48 | €1,519 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€29,986 |
| + Depreciation and write-downs630 | €406 |
| Operating cash flow (approximation) | -€29,580 |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Torhout · 1 establishment unit since 2025
Ground area
3,768 m²
Building footprint
197 m²
Volume, LiDAR
957 m³
Parcel 31523F0700/00C000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RST PROJECTS
since 20252.370.788.381
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523F0700/00C000 | Flanders | 3,768 m² | 1 · 197 m² | 7.2 m · 2 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 and region
Afsluitingen Verbeke
BE 1021.773.848
Torhout
BEUSELINCK LOUIS
BE 1010.347.941
Torhout
BINNENHUIS
BE 1010.358.928
Torhout
BRYSSE
BE 0437.472.077
Torhout
Carette Kristof
BE 0537.885.784
Torhout
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-01-2025
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43331Floor and wall tiling
43410Roofing work
46832Wholesale of timber
Scores and ratios are computed by Checked and are not a credit decision.