Equity
€32,931 from €60,789 in 2024
Equity fell by 46% in 1 year.
RSW
Lifetime
9 annual accounts with figures on one time axispeak €41,670 (2020)
€14,270▼ 46.8%
lowest -€4,859 (2025)
-€4,859▼ €12,493
peak €60,789 (2024)
€32,931▼ 45.8%
€22,249▼ 38.6%
Board1 name since 2016
1 directorYannick Wydooghe
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €26,828 to €14,270Loss of €4,859Equity from €60,789 to €32,931Debts from €36,221 to €22,249Cash from €1,223 to €2,814
Key points
from the 2025 annual accountsFilings
9 annual accounts 2 late
The 2017 accounts came latest: 27 days after the end of the period.
Position in the sector
-€4,859
Lower net result than 83% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Checked score
65
Healthy
Financially stronger than 32% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.6%▼ -0.2 percentage points vs 01-2025lowest value
03-2025: 0.6%● unchanged vs 02-2025lowest value
04-2025: 0.7%▲ +0.1 percentage points vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.8%▲ +0.1 percentage points vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.7%▼ -0.1 percentage points vs 05-2026
07-2026: 0.8%▲ +0.1 percentage points vs 06-2026
08-2026: 0.9%▲ +0.1 percentage points vs 07-2026
09-2026: 1.1%▲ +0.2 percentage points vs 08-2026
10-2026: 1.1%● unchanged vs 09-2026highest value
11-2026: 1.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Loss of €4,859 (financial year 2025)
Sector: Specialised construction activities (NACE 43)
Size: total assets €55,179
lowers risk
Figures for financial year 2025 (filed on 29-06-2026)
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 65% of them on solvency, 28% on liquidity, 27% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,440 companies had the same profile as RSW has now. Each dot stands for 9 companies, two years later.
90.1%
were still trading
7.4%
stopped another way
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RSW itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,440 companies, not a prediction for RSW. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.74 (2.13 in 2024), above the usual 1.5. Short-term debt is 37.7% and cash 5.1% of total assets. 40.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
32 days early
2024
43 days early
2023
33 days early
2022
12 days early
2021
39 days early
2020
4 days early
2019
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0668366028
Company renamed from ROOF SERVICE WYDOOGHE to RSW
Resignation: Yannick Wydooghe (director) · Appointment: Yannick Wydooghe (director) · “Fokken van paarden en andere paardachtigen; De opvolging van projecten in de meest ruime zin van het woord…” (deed in Dutch) · Gazette deed
Incorporation
published on 27-12-2016 · Gazette deed
First establishment
Maaikeneveld 73, Lier
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RSW Lier | - | - | 59.7% | - |
| ELMO And Associate Westerlo | - | - | 100.0% | - |
| Lust Jelle Houthulst | - | - | -1.1% | - |
| ACEC SOLAR HEATING Le Roeulx | - | - | 79.9% | - |
| Bati-Gyps Zaventem | €346,131 | 2.6% | 51.9% | - |
| B.M.O. CONCEPT Zaventem | €218,812 | 2.2% | 39.5% | - |
| ADRIA RENOV Berchem-Sainte-Agathe | - | - | 56.7% | - |
These companies have the same main activity as RSW: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €47,900 and €62,500, founded between 2015 and 2017.
Official details
Source: KBO- Status
- Active since 22-12-2016Normal situation
- Activity
- Other specialised construction activitiesNACE 43990and 6 others
- Establishment unit
- 2.259.648.3552500 Lier, since 22-12-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 25-08-2025
Annual accounts 2025
- ≈ €190,000estimated
- €55,179▼ 43.1%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on RSW
RSW files the micro format. That format states no turnover. The gross margin fell from €22,442 in 2017 to €14,270 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RSW
- What is the company number of RSW?
- The company number of RSW is 0668.366.028. The VAT number is the same number with BE in front: BE 0668.366.028.
- Where is RSW based?
- The registered office is at Maaikeneveld 73, 2500 Lier.Company details
- What does RSW do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of RSW?
- RSW is a private limited company (BV).
- When was RSW founded?
- RSW was founded on 22-12-2016.
- Is RSW still active?
- Yes, RSW is an active enterprise in the KBO register.
- What is the turnover of RSW?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €14,270 and 201 comparable companies (NACE 43990). It probably lies between €100,000 and €360,000. It is a rough estimate.Financials
- Is RSW profitable?
- In financial year 2025, RSW made a loss of €4,859.
- Where can I find the annual accounts of RSW?
- RSW filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RSW due?
- RSW must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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