RVS Construct
ActiveSummary
RVS Construct has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128k and a net result of €73k. Equity is growing by ~41.1% per year across the filed fiscal years. Its solvency ranks better than 32% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+27
Solvency35▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.08 against 1.98 in 2024; short-term debt: 47.4% and cash: 0.3% of total assets), but 89.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2025Solvency, return and age of the figures
Solvency
10.1%
Return on assets
5.8%
Age of the figures
9 mo
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 12-03-2026, 141 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
141 d early
2024
135 d early
2023
27 d late
2022
8 d late
2021
40 d early
2020
39 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€128k▲ 134%
2024 · €55k
2020: €-5klowest in 6 years
2021: €5k▲ +204% vs 2020
2022: €43k▲ +691% vs 2021
2023: €40k▼ -8.6% vs 2022
2024: €55k▲ +38.1% vs 2023
2025: €128k▲ +134% vs 2024highest in 6 years
2020 → 2025
Total assets
€1.27M▼ 1.1%
2024 · €1.28M
2020: €437klowest in 6 years
2021: €771k▲ +76.3% vs 2020
2022: €775k▲ +0.5% vs 2021
2023: €1.23M▲ +58.6% vs 2022
2024: €1.28M▲ +4.4% vs 2023highest in 6 years
2025: €1.27M▼ -1.1% vs 2024
2020 → 2025
Net result
€73k▲ 386%
2024 · €15k
2020: €-7klowest in 6 years
2021: €11k▲ +248% vs 2020
2022: €39k▲ +267% vs 2021
2023: €-4k▼ -109% vs 2022
2024: €15k▲ +503% vs 2023
2025: €73k▲ +386% vs 2024highest in 6 years
2020 → 2025
Working capital
€649k▲ 1.9%
2024 · €637k
2020: €-5klowest in 6 years
2021: €500k▲ +9576% vs 2020
2022: €526k▲ +5.2% vs 2021
2023: €617k▲ +17.3% vs 2022
2024: €637k▲ +3.1% vs 2023
2025: €649k▲ +1.9% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5k-€43k▲ 691%€40k▼ 8.6%€55k▲ 38.1%€128k▲ 134%
2021: €5klowest in 5 years
2022: €43k▲ +691% vs 2021
2023: €40k▼ -8.6% vs 2022
2024: €55k▲ +38.1% vs 2023
2025: €128k▲ +134% vs 2024highest in 5 years
Operating result€19k-€60k▲ 223%€-3k€22k€137k▲ 535%
2021: €19k
2022: €60k▲ +223% vs 2021
2023: €-3k▼ -106% vs 2022lowest in 5 years
2024: €22k▲ +751% vs 2023
2025: €137k▲ +535% vs 2024highest in 5 years
Net result€11k-€39k▲ 267%€-4k€15k€73k▲ 386%
2021: €11k
2022: €39k▲ +267% vs 2021
2023: €-4k▼ -109% vs 2022lowest in 5 years
2024: €15k▲ +503% vs 2023
2025: €73k▲ +386% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 535% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€19k
Current assets
€1.25M
Equity and liabilities €1.27M
Equity
€128k ▲ 134%
Debt
€1.14M ▼ 7.1%
Debt's share of the balance-sheet total falls from 95.7% to 89.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€138k
Cash flow
€74k
Current ratio
2.08▲
2024 · 1.98
Quick ratio
1.50▲
2024 · 0.02
Debt to equity
8.93▼
2024 · 22.50
ROE
57.3%▲
2024 · 27.6%
ROA
5.8%▲
2024 · 1.2%
Interest coverage
4.93
Debt ≤ 1 year
€602k▼
2024 · €646k
Debt > 1 year
€540k▼
2024 · €582k
Income taxes
€36k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.28M€1.27M▼
Fixed assets21/28-€19k
Tangible fixed assets22/27-€19k
Furniture and vehicles24-€19k
Current assets29/58€1.28M€1.25M▼
Stocks and contracts in progress3€1.27M€345k▼
Stocks30/36€1.27M€345k▼
Amounts receivable within one year40/41€8k€901k▲
Trade receivables40-€900k
Other amounts receivable41€8k€538▼
Cash at bank and in hand54/58€3k€4k▲
Deferred charges and accrued income490/1€1k€573▼
Equity and liabilities
Total equity and liabilities10/49€1.28M€1.27M▼
Equity10/15€55k€128k▲
Contributions10/11€2k€2k=
Reserves13€53k€126k▲
Distributable reserves133€53k€126k▲
Amounts payable17/49€1.23M€1.14M▼
Amounts payable after more than one year17€582k€540k▼
Financial debts170/4€377k€315k▼
Other amounts payable178/9€205k€225k▲
Amounts payable within one year42/48€646k€602k▼
Current portion of amounts payable after more than one year42€507k€500k▼
Trade debts44€129k€66k▼
Suppliers440/4€129k€66k▼
Taxes, remuneration and social security45€534€36k▲
Taxes450/3€534€36k▲
Other amounts payable47/48€10k€85▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€366
Other operating charges640/8€738€2k▲
Gross operating margin9900€22k€140k▲
Operating profit (loss)9901€22k€137k▲
Financial charges65/66B€1k€28k▲
Recurring financial charges65€1k€28k▲
Profit (loss) for the period before taxes9903€21k€109k▲
Income taxes67/77€6k€36k▲
Profit (loss) for the period9904€15k€73k▲
Profit (loss) for the period to be appropriated9905€15k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€73k▲
Profit (loss) brought forward from the previous period14P€-2k-
Transfer to equity691/2€13k€73k▲
To other reserves6921€13k€73k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €366 | - |
| Other operating charges640/8 | €348 | €1k | €1k | €738 | €2k | ▲ 175% |
| Gross operating margin9900 | €19k | €61k | €-2k | €22k | €140k | ▲ 525% |
| Operating profit (loss)9901 | €19k | €60k | €-3k | €22k | €137k | ▲ 535% |
| Financial charges65/66B | €7k | €6k | €424 | €1k | €28k | ▲ 2,672% |
| Recurring financial charges65 | €7k | €6k | €424 | €1k | €28k | ▲ 2,672% |
| Profit (loss) for the period before taxes9903 | €12k | €54k | €-4k | €21k | €109k | ▲ 431% |
| Income taxes67/77 | €867 | €15k | €1 | €6k | €36k | ▲ 551% |
| Profit (loss) for the period9904 | €11k | €39k | €-4k | €15k | €73k | ▲ 386% |
| Profit (loss) for the period to be appropriated9905 | €11k | €39k | €-4k | €15k | €73k | ▲ 386% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €771k | €775k | €1.23M | €1.28M | €1.27M | ▼ 1.1% |
| Fixed assets21/28 | - | - | - | - | €19k | - |
| Tangible fixed assets22/27 | - | - | - | - | €19k | - |
| Furniture and vehicles24 | - | - | - | - | €19k | - |
| Current assets29/58 | €771k | €775k | €1.23M | €1.28M | €1.25M | ▼ 2.6% |
| Stocks and contracts in progress3 | €765k | €575k | €1.22M | €1.27M | €345k | ▼ 72.8% |
| Stocks30/36 | €765k | €575k | €1.22M | €1.27M | €345k | ▼ 72.8% |
| Amounts receivable within one year40/41 | - | €61k | €2k | €8k | €901k | ▲ 10,528% |
| Trade receivables40 | - | €58k | - | - | €900k | - |
| Other amounts receivable41 | - | €2k | €2k | €8k | €538 | ▼ 93.7% |
| Current investments50/53 | €600 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €5k | €139k | €11k | €3k | €4k | ▲ 21.9% |
| Deferred charges and accrued income490/1 | €225 | - | - | €1k | €573 | ▼ 55.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €771k | €775k | €1.23M | €1.28M | €1.27M | ▼ 1.1% |
| Equity10/15 | €5k | €43k | €40k | €55k | €128k | ▲ 134% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves13 | - | €39k | €39k | €53k | €126k | ▲ 139% |
| Distributable reserves133 | - | €39k | €39k | €53k | €126k | ▲ 139% |
| Profit (loss) carried forward14 | €3k | €2k | €-2k | - | - | - |
| Amounts payable17/49 | €766k | €731k | €1.19M | €1.23M | €1.14M | ▼ 7.1% |
| Amounts payable after more than one year17 | €495k | €483k | €578k | €582k | €540k | ▼ 7.2% |
| Financial debts170/4 | €495k | €483k | €358k | €377k | €315k | ▼ 16.4% |
| Other amounts payable178/9 | - | - | €220k | €205k | €225k | ▲ 9.8% |
| Amounts payable within one year42/48 | €271k | €248k | €611k | €646k | €602k | ▼ 6.9% |
| Current portion of amounts payable after more than one year42 | - | - | €483k | €507k | €500k | ▼ 1.4% |
| Trade debts44 | €17k | €4k | €110k | €129k | €66k | ▼ 49.2% |
| Suppliers440/4 | €17k | €4k | €110k | €129k | €66k | ▼ 49.2% |
| Taxes, remuneration and social security45 | €867 | €15k | €15k | €534 | €36k | ▲ 6,634% |
| Taxes450/3 | €867 | €15k | €15k | €534 | €36k | ▲ 6,634% |
| Other amounts payable47/48 | €252k | €230k | €3k | €10k | €85 | ▼ 99.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €39k | €-4k | €15k | €73k | ▲ 386% |
| + Depreciation and write-downs630 | - | - | - | - | €366 | - |
| Operating cash flow (approximation) | €11k | €39k | €-4k | €15k | €74k | ▲ 389% |
| Change in cash | - | €134k | €-128k | €-8k | €733 | ▲ 110% |
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
12-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €73k ▲386%
Operating result €137k, net result €73k, both a record.
31-12
Financial
Equity above €100kEq €128k ▲134%
2 profitable years in a row build equity to €128k.
18-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.85
Current ratio from 0.99 to 2.85; short-term debt falls from €443k to €271k.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Sint-Martens-Latem · 1 establishment unit since 2020
Ground area
1,196 m²
Parcel 44064B0074/00T004, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Sint-Pietersheide 23, 9830 Sint-Martens-Latem
since 20202.302.312.024
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0074/00T004 | Flanders | 1,196 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 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,784 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
Founded05-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
55203Holiday cottages, homes and apartments
Scores and ratios are computed by Checked and are not a credit decision.