RTF-ART
ActiveSummary
RTF-ART has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €46,336 and a net result of €4,493. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 48% of 237 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability75▲+1
Solvency74▼-5
Growth69=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 2.06 in 2025; short-term debt: 51% and cash: 3.7% of total assets), and 51% of the assets are financed with debt.
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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.
−lowers risk+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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
49%
Return on assets
4.8%
Age of the figures
3 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 19-09-2026, 134 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
134 d early
2025
92 d early
2024
64 d early
2023
33 d early
2022
54 d early
2021
39 d early
2020
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 61 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 30-06-2027 and is due by 31-01-2028. Nothing is late today. Usually files around 28 November (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-06-2027 close31-01-2028 deadline
History
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Financials · fiscal year 2026, micro schema
Turnover
€265,566▲ 31.3%
2019 · €202,321
EBIT margin
4.2%▲ 3.3pp
2019 · 0.9%
Net result
€4,493▲ 27.7%
2025 · €3,517
Working capital
€10,509▼ 72.1%
2025 · €37,600
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
Line20222023202420252026
Turnover€265,566
Operating result€10,669▲ 1,428%€7,446▼ 30.2%€11,210▲ 50.6%€6,920▼ 38.3%€9,336▲ 34.9%
Net result€5,628within the sector's middle half▲ 1,720%€4,297within the sector's middle half▼ 23.7%€7,023within the sector's middle half▲ 63.4%€3,517within the sector's middle half▼ 49.9%€4,493▲ 27.7%
EBIT margin4.2%
Equity€31,206within the sector's middle half▲ 22.0%€35,502within the sector's middle half▲ 13.8%€38,326within the sector's middle half▲ 8.0%€41,843within the sector's middle half▲ 9.2%€46,336▲ 10.7%
Total assets€66,146below the sector's middle half▲ 64.1%€67,280within the sector's middle half▲ 1.7%€78,784within the sector's middle half▲ 17.1%€77,460within the sector's middle half▼ 1.7%€94,562▲ 22.1%
Debt€34,940▲ 137%€31,778▼ 9.0%€40,459▲ 27.3%€35,617▼ 12.0%€48,226▲ 35.4%
Working capital€1,162below the sector's middle half▼ 92.7%€25,565within the sector's middle half▲ 2,100%€33,846within the sector's middle half▲ 32.4%€37,600within the sector's middle half▲ 11.1%€10,509▼ 72.1%
Solvency47.2%within the sector's middle half▼ 16.3pp52.8%within the sector's middle half▲ 5.6pp48.6%within the sector's middle half▼ 4.1pp54.0%within the sector's middle half▲ 5.4pp49.0%▼ 5.0pp
Current ratio1.03below the sector's middle half▼ 1.051.80within the sector's middle half▲ 0.771.84within the sector's middle half▲ 0.032.06within the sector's middle half▲ 0.221.22▼ 0.84
Return on assets (ROA)8.5%within the sector's middle half▲ 7.7pp6.4%within the sector's middle half▼ 2.1pp8.9%within the sector's middle half▲ 2.5pp4.5%within the sector's middle half▼ 4.4pp4.8%▲ 0.2pp
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.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 35% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €94,562
Fixed assets
€35,827 ▲ 744%
Current assets
€58,735 ▼ 19.8%
Equity and liabilities €94,562
Equity
€46,336 ▲ 10.7%
Debt
€48,226 ▲ 35.4%
Debt's share of the balance-sheet total rises from 46.0% to 51.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,030▲
2025 · €9,707
Cash flow
€9,187▲
2025 · €6,304
Quick ratio
0.78▼
2025 · 1.68
Debt to equity
1.04▲
2025 · 0.85
ROE
9.7%▲
2025 · 8.4%
Interest coverage
12.80▼
2025 · 16.20
Debt ≤ 1 year
€48,226▲
2025 · €35,617
Income taxes
€3,750▲
2025 · €2,828
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
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: 0.9% 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 10,905 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 | 2026 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €265,566 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €252,643 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,425 | €11,365 | €8,821 | €2,787 | €4,694 | ▲ 68.4% |
| Other operating charges640/8 | €1,209 | €1,318 | €1,437 | €1,431 | €1,239 | ▼ 13.5% |
| Gross operating margin9900 | €22,303 | €20,129 | €21,468 | €11,138 | €15,269 | ▲ 37.1% |
| Operating profit (loss)9901 | €10,669 | €7,446 | €11,210 | €6,920 | €9,336 | ▲ 34.9% |
| Financial income75/76B | €603 | €0 | €5 | €25 | €3 | ▼ 86.9% |
| Recurring financial income75 | €603 | €0 | €5 | €25 | €3 | ▼ 86.9% |
| Financial charges65/66B | €898 | €254 | €381 | €599 | €1,096 | ▲ 82.8% |
| Recurring financial charges65 | €898 | €254 | €381 | €599 | €1,096 | ▲ 82.8% |
| Profit (loss) for the period before taxes9903 | €10,375 | €7,192 | €10,834 | €6,345 | €8,243 | ▲ 29.9% |
| Income taxes67/77 | €4,746 | €2,895 | €3,811 | €2,828 | €3,750 | ▲ 32.6% |
| Profit (loss) for the period9904 | €5,628 | €4,297 | €7,023 | €3,517 | €4,493 | ▲ 27.7% |
| Profit (loss) for the period to be appropriated9905 | €5,628 | €4,297 | €7,023 | €3,517 | €4,493 | ▲ 27.7% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €66,146 | €67,280 | €78,784 | €77,460 | €94,562 | ▲ 22.1% |
| Fixed assets21/28 | €30,043 | €9,937 | €4,480 | €4,243 | €35,827 | ▲ 744% |
| Tangible fixed assets22/27 | €29,806 | €9,700 | €4,242 | €4,006 | €35,590 | ▲ 788% |
| Plant, machinery and equipment23 | €2,533 | €1,644 | €714 | €474 | €164 | ▼ 65.4% |
| Furniture and vehicles24 | €27,273 | €8,056 | €3,529 | €3,532 | €7,760 | ▲ 120% |
| Leasing and similar rights25 | - | - | - | - | €27,666 | - |
| Financial fixed assets28 | €237 | €237 | €237 | €237 | €237 | = |
| Current assets29/58 | €36,102 | €57,343 | €74,305 | €73,217 | €58,735 | ▼ 19.8% |
| Stocks and contracts in progress3 | - | - | €15,000 | €13,250 | €21,100 | ▲ 59.2% |
| Stocks30/36 | - | - | €15,000 | €13,250 | €21,100 | ▲ 59.2% |
| Amounts receivable within one year40/41 | €28,974 | €49,035 | €54,209 | €53,934 | €32,047 | ▼ 40.6% |
| Trade receivables40 | €15,287 | €45,782 | €50,595 | €50,406 | €28,082 | ▼ 44.3% |
| Other amounts receivable41 | €13,687 | €3,253 | €3,614 | €3,528 | €3,965 | ▲ 12.4% |
| Cash at bank and in hand54/58 | €4,683 | €5,854 | €2,491 | €3,527 | €3,497 | ▼ 0.8% |
| Deferred charges and accrued income490/1 | €2,446 | €2,454 | €2,605 | €2,506 | €2,092 | ▼ 16.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €66,146 | €67,280 | €78,784 | €77,460 | €94,562 | ▲ 22.1% |
| Equity10/15 | €31,206 | €35,502 | €38,326 | €41,843 | €46,336 | ▲ 10.7% |
| Contributions10/11 | €7,200 | €7,200 | €7,200 | €7,200 | €7,200 | = |
| Outside capital11 | €7,200 | - | - | - | - | - |
| Other1109/19 | €7,200 | - | - | - | - | - |
| Reserves13 | €11,560 | €15,560 | €18,360 | €21,860 | €26,260 | ▲ 20.1% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €9,700 | €13,700 | €16,500 | €20,000 | €24,400 | ▲ 22.0% |
| Profit (loss) carried forward14 | €12,446 | €12,742 | €12,766 | €12,783 | €12,876 | ▲ 0.7% |
| Amounts payable17/49 | €34,940 | €31,778 | €40,459 | €35,617 | €48,226 | ▲ 35.4% |
| Amounts payable within one year42/48 | €34,940 | €31,778 | €40,459 | €35,617 | €48,226 | ▲ 35.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €27,458 | - |
| Trade debts44 | €22,901 | €21,204 | €36,856 | €21,128 | €10,130 | ▼ 52.1% |
| Suppliers440/4 | €22,901 | €21,204 | €36,856 | €21,128 | €10,130 | ▼ 52.1% |
| Taxes, remuneration and social security45 | €12,039 | €5,340 | €2,343 | €7,780 | €7,530 | ▼ 3.2% |
| Taxes450/3 | €4,038 | €890 | €793 | €350 | - | - |
| Remuneration and social security454/9 | €8,002 | €4,450 | €1,550 | €7,430 | €7,530 | ▲ 1.3% |
| Other amounts payable47/48 | - | €5,234 | €1,259 | €6,709 | €3,108 | ▼ 53.7% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,628 | €4,297 | €7,023 | €3,517 | €4,493 | ▲ 27.7% |
| + Depreciation and write-downs630 | €10,425 | €11,365 | €8,821 | €2,787 | €4,694 | ▲ 68.4% |
| Operating cash flow (approximation) | €16,053 | €15,662 | €15,845 | €6,304 | €9,187 | ▲ 45.7% |
| Investment in fixed assets (approximation) | - | €8,741 | -€3,364 | -€2,550 | -€36,278 | ▼ 1,323% |
| Change in cash | - | €1,171 | -€3,363 | €1,035 | -€30 | ▼ 103% |
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 2027, expected by
2026
19-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €7,023 ▲63.4%
Operating result €11,210, net result €7,023, both a record.
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
15-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 15 days late
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.
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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 2014
Ground area
302 m²
Building footprint
176 m²
Volume, LiDAR
891 m³
Parcel 23094D0203/00W024, Flanders · tallest building 10.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Ridderstraat 60, 1930 Zaventem
since 20142.231.662.667
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0203/00W024 | Flanders | 302 m² | 1 · 176 m² | 10.8 m · 1 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 11,142 companies in sector 43910 we hold annual accounts for 5,493. 4,659 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
Founded07-05-2014
Fiscal year end30-06
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43310Plastering work
43320Joinery installation
43333Wallpapering and laying of floor and wall coverings in other materials
43422Screed work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0551969293
Also
9925:BE0551969293
Registered
24-11-2023
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.