RVM Construct
ActiveSummary
The annual accounts of RVM Construct for financial year 2025 show a net loss of 63% of the equity at the start of that year. The 2025 annual accounts show equity of €1,877 and a net result of -€3,228. Equity is shrinking by about 9.6% per year across the filed financial years. The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Equity
- €1,877
- Loss
- -€3,228
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLiquidity: current ratio 1.01lowers riskSize: total assets €290,473Founded in 2007Figures for financial year 2025 (filed 24-08-2026)Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 16% on solvency, 1% on liquidity, 24% on profitability and 7% on growth.
The bankruptcy probability was computed on 26-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 37 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€28,953
Financials · financial year 2025, micro format
2025 annual accounts filed late (24 days) Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00418160.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €2,777 after a loss of €29,149 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 1,037 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 93.7% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,037 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €3,581 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €81 | €165 | €464 | €5,136 | €5,136 | €5,055 | - | - | - |
| Other operating charges640/8 | - | - | - | €989 | €965 | €935 | €1,274 | €1,299 | ▲ 1.9% |
| Gross operating margin9900 | €1,684 | €8,326 | €2,217 | €9,093 | -€1,848 | €9,325 | -€27,875 | €4,075 | - |
| Operating profit (loss)9901 | €794 | €7,422 | €745 | €2,968 | -€7,948 | €3,336 | -€29,149 | €2,777 | - |
| Financial income75/76B | - | - | - | €3 | €313 | €484 | €638 | €788 | ▲ 23.4% |
| Recurring financial income75 | - | - | - | €3 | €313 | €484 | €638 | €788 | ▲ 23.4% |
| Financial charges65/66B | - | - | - | €442 | €733 | €490 | €442 | €6,792 | ▲ 15× |
| Recurring financial charges65 | €148 | €368 | €177 | €442 | €733 | €490 | €442 | €6,792 | ▲ 15× |
| Profit (loss) for the period before taxes9903 | €645 | €7,054 | €568 | €2,529 | -€8,369 | €3,329 | -€28,953 | -€3,228 | ▲ 88.9% |
| Income taxes67/77 | €257 | €1,702 | - | €117 | €120 | €132 | - | - | - |
| Profit (loss) for the period9904 | €389 | €5,352 | €568 | €2,412 | -€8,489 | €3,198 | -€28,953 | -€3,228 | ▲ 88.9% |
| Profit (loss) for the period to be appropriated9905 | €389 | €5,352 | €568 | €2,412 | -€8,489 | €3,198 | -€28,953 | -€3,228 | ▲ 88.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €56,967 | €61,924 | €105,797 | €133,784 | €99,414 | €93,982 | €277,814 | €290,473 | ▲ 4.6% |
| Fixed assets21/28 | €744 | €579 | €24,968 | €19,833 | €14,697 | €9,642 | - | - | - |
| Tangible fixed assets22/27 | €744 | €579 | €24,968 | €19,833 | €14,697 | €9,642 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €249 | €84 | - | - | - | - |
| Leasing and similar rights25 | - | - | - | €19,584 | €14,613 | €9,642 | - | - | - |
| Current assets29/58 | €56,223 | €61,345 | €80,829 | €113,952 | €84,717 | €84,339 | €277,814 | €290,473 | ▲ 4.6% |
| Stocks and contracts in progress3 | €22,750 | €20,985 | €26,300 | €15,448 | €25,448 | €9,000 | €217,173 | €217,173 | = |
| Stocks30/36 | - | - | - | - | - | - | €217,173 | €217,173 | = |
| Contracts in progress37 | - | - | - | €15,448 | €25,448 | €9,000 | - | - | - |
| Amounts receivable within one year40/41 | €30,513 | €39,028 | €53,742 | €91,160 | €57,748 | €73,179 | €58,649 | €73,299 | ▲ 25.0% |
| Trade receivables40 | - | - | - | €63,516 | €28,395 | €47,505 | €44,978 | €54,127 | ▲ 20.3% |
| Other amounts receivable41 | - | - | - | €27,644 | €29,354 | €25,674 | €13,670 | €19,172 | ▲ 40.2% |
| Cash at bank and in hand54/58 | €2,498 | €899 | €176 | €6,993 | €1,288 | €1,575 | €1,992 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €351 | €234 | €585 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €56,967 | €61,924 | €105,797 | €133,784 | €99,414 | €93,982 | €277,814 | €290,473 | ▲ 4.6% |
| Equity10/15 | €31,016 | €36,368 | €36,936 | €39,349 | €30,860 | €34,058 | €5,104 | €1,877 | ▼ 63.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €12,416 | €17,768 | €18,336 | €20,749 | €20,749 | €20,749 | €20,749 | €20,749 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €18,889 | €18,889 | €18,889 | €20,749 | €20,749 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€8,489 | -€5,291 | -€34,244 | -€37,472 | ▼ 9.4% |
| Amounts payable17/49 | €25,951 | €25,556 | €68,861 | €94,436 | €68,554 | €59,924 | €272,710 | €288,596 | ▲ 5.8% |
| Amounts payable after more than one year17 | - | - | €17,075 | €11,704 | €6,273 | - | - | - | - |
| Financial debts170/4 | - | - | - | €11,704 | €6,273 | - | - | - | - |
| Amounts payable within one year42/48 | €25,951 | €25,556 | €51,786 | €82,732 | €62,281 | €59,924 | €272,710 | €288,596 | ▲ 5.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,371 | €5,431 | €6,273 | €1,243 | - | - |
| Financial debts43 | - | - | - | - | - | - | €150,000 | €150,948 | ▲ 0.6% |
| Credit institutions430/8 | - | - | - | - | - | - | €150,000 | €150,948 | ▲ 0.6% |
| Trade debts44 | €20,420 | €22,868 | €38,171 | €44,095 | €35,425 | €44,332 | €36,095 | €36,697 | ▲ 1.7% |
| Suppliers440/4 | - | - | - | €44,095 | €35,425 | €44,332 | €36,095 | €36,697 | ▲ 1.7% |
| Taxes, remuneration and social security45 | - | - | - | €355 | €5,274 | €6,093 | €4,475 | €210 | ▼ 95.3% |
| Taxes450/3 | - | - | - | €355 | €774 | €1,593 | €4,475 | €210 | ▼ 95.3% |
| Remuneration and social security454/9 | - | - | - | - | €4,500 | €4,500 | - | - | - |
| Other amounts payable47/48 | - | - | - | €32,911 | €16,151 | €3,226 | €80,897 | €100,742 | ▲ 24.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €389 | €5,352 | €568 | €2,412 | -€8,489 | €3,198 | -€28,953 | -€3,228 | ▲ 88.9% |
| + Depreciation and write-downs630 | €81 | €165 | €464 | €5,136 | €5,136 | €5,055 | - | - | - |
| Operating cash flow (approximation) | €470 | €5,517 | €1,032 | €7,548 | -€3,353 | €8,253 | -€28,953 | -€3,228 | ▲ 88.9% |
| Investment in fixed assets (approximation) | - | €0 | -€24,853 | €0 | €0 | €0 | - | - | - |
| Change in cash | - | -€1,599 | -€723 | €6,817 | -€5,705 | €288 | €416 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 24-08-2026 | 2026-00418160 |
| 31-12-2024 | micro format | 25-08-2025 | 2025-00407852 |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00323639 |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00389767 |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20339135 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-60100033 |
| 31-12-2019 | micro format | 04-12-2020 | 2020-74700086 |
| 31-12-2018 | micro format | 02-06-2019 | 2019-16100535 |
| 31-12-2017 | abbreviated format | 21-06-2018 | 2018-21300596 |
| 31-12-2016 | micro format | 27-07-2017 | 2017-37300050 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| HARDY Joël |
|
| HARDY August |
|
Owners and capital
Capital and shareholders
- 21-11-2024 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
21-11
Gazette deed
Resignation: HARDY August (manager)Appointment: HARDY Joël (director) · Amendment of the articles · Capital conversion13 facts ▸
- General meeting, 16-10-2024
- Amendment of the articles (2 times)
- Other provision, “activiteiten die vennootschap beoogt uit te voeren behoren tot voorwerp, terminologie voorwerp/doel” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “overeenkomstig vormen en meerderheden van statutenwijziging, opheffing statutair onbeschikbare eigen vermogensrekening en beschikbaar maken voor uitkering” (deed in Dutch)
- Name change, RVM Construct
- Other provision, “verslag bestuurder met gedetailleerde motivatie voor voorgestelde wijziging van voorwerp, neergelegd op griffie van bevoegde rechtbank” (deed in Dutch)
- Purpose change
- Capital
- Director resignation, HARDY August (manager)
- Director discharge, HARDY August
- Director appointment, HARDY Joël (director (not named in the articles))
- +1 further fact in this act
07-06
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 03-05-2024
- Registered-office move, Ganzestraat 55, 3590 Diepenbeek
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71403F0002/00F000 | Flanders | 7,976 m² | 1 · 2,006 m² | 9.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- RVM Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, geen wijziging van de taal van de statuten” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 14. Vertegenwoordigingsbevoegdheid Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering, altijd wegens wettige reden zonder opzeggingstermijn of vertrekvergoeding” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, Aard van de aandelen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Vermelde prijs of bij betwisting deskundige, helft overdrager helft koper(s) evenredig aantal” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Saturday of June at 15:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, beslissing algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed