RVB
ActiveSummary
The annual accounts of RVB for fiscal year 2025 show a net loss of 62% of the equity at the start of that year. The 2025 annual accounts show equity of €6,115 and a net result of -€10,123. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 28374 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-29
Solvency38▼-14
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.78 against 1.32 in 2024; short-term debt: 42.9% and cash: 1.4% of total assets), and 87.3% of the assets are financed with debt.
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Signals
Six 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 · 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
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
12.7%
Return on assets
-21%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 28374 sector peers (2025).
NBB · sector comparisonPosition among 28374 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 10 filingsDeviation from the deadline
2025
14 d late
2024
13 d early
2023
28 d late
2022
3 d early
2021
26 d late
2020
26 d late
2019
26 d late
← 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 15 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 14 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€6,115▼ 62.3%
2024 · €16,238
Total assets
€48,112▼ 18.9%
2024 · €59,360
Net result
-€10,123
2024 · €53
Working capital
-€4,640
2024 · €5,869
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€15,060€12,356€12,254▼ 0.8%€861▼ 93.0%-€7,315
Net result-€17,178below the sector's middle half€10,936within the sector's middle half€10,772within the sector's middle half▼ 1.5%€53below the sector's middle half▼ 99.5%-€10,123below the sector's middle half
Equity-€5,523below the sector's middle half€5,413below the sector's middle half€16,186below the sector's middle half▲ 199%€16,238below the sector's middle half▲ 0.3%€6,115below the sector's middle half▼ 62.3%
Total assets€21,888below the sector's middle half▼ 35.0%€22,166below the sector's middle half▲ 1.3%€25,428below the sector's middle half▲ 14.7%€59,360below the sector's middle half▲ 133%€48,112below the sector's middle half▼ 18.9%
Debt€27,411▲ 24.6%€16,753▼ 38.9%€9,242▼ 44.8%€43,122▲ 367%€41,997▼ 2.6%
Working capital-€9,124below the sector's middle half€2,223below the sector's middle half€13,494within the sector's middle half▲ 507%€5,869within the sector's middle half▼ 56.5%-€4,640below the sector's middle half
Solvency-25.2%below the sector's middle half▼ 59.9pp24.4%within the sector's middle half▲ 49.7pp63.7%within the sector's middle half▲ 39.2pp27.4%within the sector's middle half▼ 36.3pp12.7%below the sector's middle half▼ 14.6pp
Current ratio0.67below the sector's middle half▼ 0.701.13within the sector's middle half▲ 0.472.49within the sector's middle half▲ 1.361.32within the sector's middle half▼ 1.170.78below the sector's middle half▼ 0.55
Return on assets (ROA)-78.5%below the sector's middle half▼ 91.3pp49.3%above the sector's middle half▲ 127.8pp42.4%above the sector's middle half▼ 7.0pp0.1%below the sector's middle half▼ 42.3pp-21.0%below the sector's middle half▼ 21.1pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7,315 after €861 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48,112
Fixed assets
€32,089 ▼ 9.3%
Current assets
€16,024 ▼ 33.2%
Equity and liabilities €48,112
Equity
€6,115 ▼ 62.3%
Debt
€41,997 ▼ 2.6%
Debt's share of the balance-sheet total rises from 72.6% to 87.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15▼
2024 · €1,022
Cash flow
-€2,793▼
2024 · €213
Debt to equity
6.87▲
2024 · 2.66
ROE
-165.6%▼
2024 · 0.3%
Interest coverage
0.01▼
2024 · 1.26
Debt ≤ 1 year
€20,664▲
2024 · €18,129
Debt > 1 year
€21,068▼
2024 · €24,883
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.8%
went bankrupt
7.4%
stopped otherwise
89%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,340 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% | 1.0% |
| 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% 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 1,221 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €400 | €411 | €318 | €161 | €7,330 | ▲ 4,465% |
| Other operating charges640/8 | €235 | €405 | €1,017 | €902 | €752 | ▼ 16.6% |
| Gross operating margin9900 | -€14,425 | €13,171 | €13,589 | €1,923 | €767 | ▼ 60.1% |
| Operating profit (loss)9901 | -€15,060 | €12,356 | €12,254 | €861 | -€7,315 | ▼ 949% |
| Financial income75/76B | - | €7 | €0 | - | €23 | - |
| Recurring financial income75 | - | €7 | €0 | - | €23 | - |
| Financial charges65/66B | €2,118 | €1,427 | €1,482 | €808 | €2,832 | ▲ 250% |
| Recurring financial charges65 | €2,118 | €1,427 | €1,482 | €808 | €2,832 | ▲ 250% |
| Profit (loss) for the period before taxes9903 | -€17,178 | €10,936 | €10,772 | €53 | -€10,123 | ▼ 19,324% |
| Profit (loss) for the period9904 | -€17,178 | €10,936 | €10,772 | €53 | -€10,123 | ▼ 19,324% |
| Profit (loss) for the period to be appropriated9905 | -€17,178 | €10,936 | €10,772 | €53 | -€10,123 | ▼ 19,324% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,888 | €22,166 | €25,428 | €59,360 | €48,112 | ▼ 18.9% |
| Fixed assets21/28 | €3,601 | €3,190 | €2,872 | €35,363 | €32,089 | ▼ 9.3% |
| Tangible fixed assets22/27 | €817 | €406 | €88 | €32,579 | €29,305 | ▼ 10.1% |
| Plant, machinery and equipment23 | €426 | €166 | €0 | - | - | - |
| Furniture and vehicles24 | €391 | €240 | €88 | €32,579 | €29,305 | ▼ 10.1% |
| Financial fixed assets28 | €2,784 | €2,784 | €2,784 | €2,784 | €2,784 | = |
| Current assets29/58 | €18,287 | €18,976 | €22,555 | €23,997 | €16,024 | ▼ 33.2% |
| Amounts receivable within one year40/41 | €17,836 | €17,493 | €20,458 | €22,379 | €13,938 | ▼ 37.7% |
| Trade receivables40 | €17,836 | €16,630 | €19,356 | €14,277 | €13,161 | ▼ 7.8% |
| Other amounts receivable41 | €0 | €863 | €1,103 | €8,102 | €777 | ▼ 90.4% |
| Cash at bank and in hand54/58 | €55 | €1,483 | €883 | €671 | €671 | = |
| Deferred charges and accrued income490/1 | €396 | €0 | €1,214 | €947 | €1,415 | ▲ 49.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,888 | €22,166 | €25,428 | €59,360 | €48,112 | ▼ 18.9% |
| Equity10/15 | -€5,523 | €5,413 | €16,186 | €16,238 | €6,115 | ▼ 62.3% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €0 | - | - |
| Distributable reserves133 | - | - | - | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€27,523 | -€16,587 | -€5,814 | -€5,762 | -€15,885 | ▼ 176% |
| Amounts payable17/49 | €27,411 | €16,753 | €9,242 | €43,122 | €41,997 | ▼ 2.6% |
| Amounts payable after more than one year17 | - | - | - | €24,883 | €21,068 | ▼ 15.3% |
| Financial debts170/4 | - | - | - | €24,883 | €21,068 | ▼ 15.3% |
| Amounts payable within one year42/48 | €27,411 | €16,753 | €9,062 | €18,129 | €20,664 | ▲ 14.0% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | €5,367 | €7,349 | ▲ 36.9% |
| Financial debts43 | €9,104 | €9,068 | €1,909 | €8,374 | €9,458 | ▲ 13.0% |
| Credit institutions430/8 | €9,104 | €9,068 | €1,909 | €8,374 | €9,458 | ▲ 13.0% |
| Trade debts44 | €8,890 | €3,406 | €5,763 | €3,215 | €3,027 | ▼ 5.8% |
| Suppliers440/4 | €8,890 | €3,406 | €5,763 | €3,215 | €3,027 | ▼ 5.8% |
| Taxes, remuneration and social security45 | €860 | €0 | - | - | - | - |
| Taxes450/3 | €860 | €0 | - | - | - | - |
| Other amounts payable47/48 | €8,557 | €4,279 | €1,390 | €1,173 | €829 | ▼ 29.3% |
| Accrued charges and deferred income492/3 | - | - | €181 | €111 | €266 | ▲ 140% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,178 | €10,936 | €10,772 | €53 | -€10,123 | ▼ 19,324% |
| + Depreciation and write-downs630 | €400 | €411 | €318 | €161 | €7,330 | ▲ 4,465% |
| Operating cash flow (approximation) | -€16,778 | €11,347 | €11,090 | €213 | -€2,793 | ▼ 1,410% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€32,651 | -€4,056 | ▲ 87.6% |
| Change in cash | - | €1,428 | -€600 | -€212 | -€0 | ▲ 100.0% |
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 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 2.49
Current ratio from 1.13 to 2.49; short-term debt falls from €16,753 to €9,062.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €10,936
Net result €10,936 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €4,323
Net result €4,323 after 2 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Weakest financial yearnet -€21,275
Net result drops to -€21,275, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Eghezée · 1 establishment unit since 2003
Ground area
1,079 m²
Building footprint
103 m²
Parcel 92072B0011/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
RVB
since 20032.132.268.549
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92072B0011/00D000 | Wallonia | 1,079 m² | 1 · 103 m² | - |
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 1,366 companies in sector 43110 we hold annual accounts for 635. 228 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
Founded24-07-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43110Demolition
41001General construction of residential buildings
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0859754946
Registered
24-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.