Equity
RTN CONSTRUCT has made a profit in every financial year since 2022.
RTN CONSTRUCT has made a profit in every financial year since 2022.
The micro format states no turnover.
Green is investment, beige is depreciation. Machinery stands 743.8% higher than in 2024.
In 2025, nobody joined and 1 person left.
The 2022 accounts came latest: 396 days after the end of the period.
Higher net result than 81% of companies in specialised construction. Sector median €9,999 · 37,159 companies.
In July 2024, 39,274 companies had the same profile as RTN CONSTRUCT has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 39,274 companies, not a prediction for RTN CONSTRUCT. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| RTN CONSTRUCT Lokeren | €172,899 | €207,954 | 55.7% | - |
| ANTWERP DIGITAL SYSTEMS Temse | €174,542 | €188,213 | 31.0% | - |
| NGTECHNICS Sint-Niklaas | €174,884 | €228,749 | 28.0% | - |
| Boolean Genk | €168,896 | €214,953 | 58.4% | - |
| SOLANO PROJECTS Turnhout | €150,876 | €193,448 | 8.3% | - |
| WELDING CONCEPT Sint-Pieters-Leeuw | €176,845 | €171,566 | 51.6% | - |
| IMNELEC Brussels | €158,198 | €198,199 | 63.1% | - |
These companies have the same main activity as RTN CONSTRUCT: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €151,000 and €177,000, founded between 2021 and 2022.
RTN CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €66,828 in 2022 to €207,954 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 60% of 37,177 companies in 2025.
Higher than 50% of 36,472 companies in 2025.
Higher than 81% of 36,707 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, nobody joined and 1 person left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
172,899 | 144,511 | 106,534 | 62,042 | |
21/28 |
32,346 | 1,256 | 1,733 | 3,467 | |
22/27 |
31,896 | 1,256 | 1,733 | 3,467 | |
23 |
10,600 | 1,256 | 1,733 | 3,467 | |
24 |
21,296 | - | - | - | |
28 |
450 | - | - | - | |
29/58 |
140,553 | 143,255 | 104,801 | 58,575 | |
3 |
- | - | 29,500 | 29,500 | |
37 |
- | - | 29,500 | 29,500 | |
40/41 |
138,968 | 116,744 | 70,075 | 28,082 | |
40 |
75,582 | 104,376 | 62,022 | 27,666 | |
41 |
63,385 | 12,367 | 8,053 | 416 | |
54/58 |
1,176 | 6,511 | 4,832 | 599 | |
490/1 |
410 | 20,000 | 394 | 394 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
172,899 | 144,511 | 106,534 | 62,042 | |
10/15 |
96,290 | 56,614 | 33,210 | 10,431 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | |
11 |
- | - | 10,000 | 10,000 | |
1109/19 |
- | - | 10,000 | 10,000 | |
14 |
86,290 | 46,614 | 23,210 | 431 | |
17/49 |
76,609 | 87,897 | 73,324 | 51,611 | |
42/48 |
76,597 | 82,436 | 73,324 | 51,611 | |
42 |
9,826 | - | - | - | |
44 |
28,692 | 52,413 | 27,409 | 23,130 | |
440/4 |
28,692 | 52,413 | 27,409 | 23,130 | |
45 |
38,079 | 30,023 | 45,806 | 28,372 | |
450/3 |
19,491 | 8,942 | 7,887 | 223 | |
454/9 |
18,587 | 21,081 | 37,920 | 28,149 | |
47/48 |
- | - | 109 | 109 | |
492/3 |
12 | 5,461 | - | - | |
| Income statement | |||||
70 |
- | - | 233,578 | 111,055 | |
9900 |
207,954 | 129,566 | 160,704 | 66,828 | |
60/61 |
- | - | 72,874 | 44,228 | |
62 |
141,198 | 91,048 | 126,206 | 61,984 | |
630 |
4,988 | 2,047 | 1,733 | 2,857 | |
640/8 |
4,695 | 5,122 | 213 | 1,066 | |
9901 |
57,073 | 31,349 | 32,551 | 920 | |
75/76B |
1,066 | 154 | 0 | - | |
75 |
1,066 | 154 | 0 | - | |
65/66B |
5,471 | 1,599 | 2,107 | 267 | |
65 |
5,471 | 1,599 | 2,107 | 267 | |
9903 |
52,668 | 29,904 | 30,444 | 653 | |
67/77 |
12,992 | 6,500 | 7,664 | 223 | |
9904 |
39,676 | 23,404 | 22,780 | 431 | |
9905 |
39,676 | 23,404 | 22,780 | 431 | |
| Appropriation of the result | |||||
9906 |
86,290 | 46,614 | 23,210 | 431 | |
14P |
46,614 | 23,210 | 431 | - | |
| Social balance sheet | |||||
9087 |
3.3 | 2.3 | - | - | |
Hours worked1013 |
5,356 | 3,504 | - | - | |
| Document | |||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-09-2026.
2025 annual accounts filed 60 days after the deadline. Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00538016.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 62,061 | 33,396 | 34,284 | 3,777 | ||
| 44,664 | 25,451 | 24,513 | 3,287 | ||
| 36,077 | 1,570 | 0 | - | ||
| -5,335 | 1,679 | 4,232 | - | ||
| 63,956 | 60,819 | 31,477 | 6,964 | ||
| - | - | 13.9% | 0.8% | ||
| 55.7% | 39.2% | 31.2% | 16.8% | ||
| 1.83 | 1.74 | 1.43 | 1.13 | ||
| 1.83 | 1.74 | 1.03 | 0.56 | ||
| 0.80 | 1.55 | 2.21 | 4.95 | ||
| 41.2% | 41.3% | 68.6% | 4.1% | ||
| 22.9% | 16.2% | 21.4% | 0.7% | ||
| 11.34 | 20.89 | 16.27 | 14.13 | ||
| - | - | 97 days | 91 days | ||
| - | - | 137 days | 191 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 3 | 4 |
| full-time | 2 | 3 |
| part-time | 1 | 1 |
| in full-time equivalents | 2.5 | 3.5 |
| 3.3 | 2.3 | |
| On a permanent contract | 3 | 4 |
| Joined | 0 | 5 |
| Left | 1 | 3 |
| Training hours | - | 70 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €35,627 | €1,570 | - | - |
| Financial fixed assets | €450 | - | - | - |
| €4,988 | €2,047 | €1,733 | €2,857 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 82% higher than in 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 60.8% to 44.3%. Equity is higher and debt is lower.
RTN CONSTRUCT has no parent and no holdings in its annual accounts. is the only director. RTN CONSTRUCT shares no director with another company.
| STEDA
registered office since 13-12-1991 · founded in 1986 |
total assets €106,227 (2025) 0429.676.742 |
| Zerouali, Rachid (sole trader)
establishment since 07-02-2025 |
founded in 2025 1019.735.363 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
RTN CONSTRUCT was incorporated on 24 January 2022 as a private limited company by one natural person, with a starting capital of €10,000.12 The registered office was moved to Lokeren in 2026.3 is director of the company, appointed by deed of 26-01-2022.2 Total assets rose from €62,042 in 2022 to €172,899 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Oude-Bruglaan 112 registered office 9160 Lokeren | ||
| Nobels-Peelmanstraat 4B 9100 Sint-Niklaas | 24-01-2022 | 2.327.179.854 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46021A0804/00H004 | 1,325 m² | 1 · 849 m² | 6.3 m · 2 |
| 46014A1263/00F003 | 306 m² | 1 · 129 m² | 13.5 m · 3 |
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. Use the enterprise number 0780.823.076
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