RWF
ActiveSummary
The computed 12-month bankruptcy probability of RWF is 4.3% (elevated). The 2025 annual accounts show equity of €14k and a net result of €1k. Its solvency ranks better than 53% of 27965 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-26
Solvency75▲+3
Growth52
Track record82
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.42 against 1.76 in 2024; short-term debt: 50.2% and cash: 4.5% of total assets), and 50.2% 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.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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 →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
24 d early
2024
27 d late
← 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
€14k▲ 8.9%
2024 · €13k
2024: €13k
2025: €14k▲ +8.9% vs 2024
2024 → 2025
Total assets
€29k▲ 2.1%
2024 · €28k
2024: €28k
2025: €29k▲ +2.1% vs 2024
2024 → 2025
Net result
€1k▼ 90.4%
2024 · €12k
2024: €12k
2025: €1k▼ -90.4% vs 2024
2024 → 2025
Working capital
€6k▼ 47.2%
2024 · €11k
2024: €11k
2025: €6k▼ -47.2% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€13k-€14k▲ 8.9%
2024: €13k
2025: €14k▲ +8.9% vs 2024
Operating result€16k-€2k▼ 90.0%
2024: €16k
2025: €2k▼ -90.0% vs 2024
Net result€12k-€1k▼ 90.4%
2024: €12k
2025: €1k▼ -90.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 90% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29k
Fixed assets
€8k ▲ 366%
Current assets
€21k ▼ 22.5%
Equity and liabilities €29k
Equity
€14k ▲ 8.9%
Debt
€15k ▼ 3.7%
Debt's share of the balance-sheet total falls from 53.3% to 50.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2k
Cash flow
€2k
Current ratio
1.42▼
2024 · 1.76
Debt to equity
1.01▼
2024 · 1.14
ROE
8.1%▼
2024 · 92.5%
ROA
4.0%▼
2024 · 43.2%
Interest coverage
16.70
Debt ≤ 1 year
€15k▼
2024 · €15k
Income taxes
€294▼
2024 · €4k
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 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€28k€29k▲
Fixed assets21/28€2k€8k▲
Tangible fixed assets22/27-€4k
Furniture and vehicles24-€4k
Financial fixed assets28€2k€5k▲
Current assets29/58€27k€21k▼
Amounts receivable within one year40/41€16k€19k▲
Trade receivables40€16k€19k▲
Other amounts receivable41€626€308▼
Cash at bank and in hand54/58€10k€1k▼
Deferred charges and accrued income490/1€600€423▼
Equity and liabilities
Total equity and liabilities10/49€28k€29k▲
Equity10/15€13k€14k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€12k€13k▲
Amounts payable17/49€15k€15k▼
Amounts payable within one year42/48€15k€15k▼
Trade debts44€734€257▼
Suppliers440/4€734€257▼
Taxes, remuneration and social security45€12k€12k▲
Taxes450/3€4k€4k▲
Remuneration and social security454/9€8k€8k▼
Other amounts payable47/48€2k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€760
Other operating charges640/8-€426
Gross operating margin9900€16k€3k▼
Operating profit (loss)9901€16k€2k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€126€142▲
Recurring financial charges65€126€142▲
Profit (loss) for the period before taxes9903€16k€1k▼
Income taxes67/77€4k€294▼
Profit (loss) for the period9904€12k€1k▼
Profit (loss) for the period to be appropriated9905€12k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€13k▲
Profit (loss) brought forward from the previous period14P-€12k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €760 | - |
| Other operating charges640/8 | - | €426 | - |
| Gross operating margin9900 | €16k | €3k | ▼ 82.7% |
| Operating profit (loss)9901 | €16k | €2k | ▼ 90.0% |
| Financial income75/76B | €0 | - | - |
| Recurring financial income75 | €0 | - | - |
| Financial charges65/66B | €126 | €142 | ▲ 12.1% |
| Recurring financial charges65 | €126 | €142 | ▲ 12.1% |
| Profit (loss) for the period before taxes9903 | €16k | €1k | ▼ 90.8% |
| Income taxes67/77 | €4k | €294 | ▼ 92.2% |
| Profit (loss) for the period9904 | €12k | €1k | ▼ 90.4% |
| Profit (loss) for the period to be appropriated9905 | €12k | €1k | ▼ 90.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €28k | €29k | ▲ 2.1% |
| Fixed assets21/28 | €2k | €8k | ▲ 366% |
| Tangible fixed assets22/27 | - | €4k | - |
| Furniture and vehicles24 | - | €4k | - |
| Financial fixed assets28 | €2k | €5k | ▲ 156% |
| Current assets29/58 | €27k | €21k | ▼ 22.5% |
| Amounts receivable within one year40/41 | €16k | €19k | ▲ 15.6% |
| Trade receivables40 | €16k | €19k | ▲ 18.2% |
| Other amounts receivable41 | €626 | €308 | ▼ 50.7% |
| Cash at bank and in hand54/58 | €10k | €1k | ▼ 86.4% |
| Deferred charges and accrued income490/1 | €600 | €423 | ▼ 29.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €28k | €29k | ▲ 2.1% |
| Equity10/15 | €13k | €14k | ▲ 8.9% |
| Contributions10/11 | €1k | €1k | = |
| Profit (loss) carried forward14 | €12k | €13k | ▲ 9.6% |
| Amounts payable17/49 | €15k | €15k | ▼ 3.7% |
| Amounts payable within one year42/48 | €15k | €15k | ▼ 3.7% |
| Trade debts44 | €734 | €257 | ▼ 65.0% |
| Suppliers440/4 | €734 | €257 | ▼ 65.0% |
| Taxes, remuneration and social security45 | €12k | €12k | ▲ 0.4% |
| Taxes450/3 | €4k | €4k | ▲ 7.8% |
| Remuneration and social security454/9 | €8k | €8k | ▼ 2.9% |
| Other amounts payable47/48 | €2k | €2k | ▼ 6.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €1k | ▼ 90.4% |
| + Depreciation and write-downs630 | - | €760 | - |
| Operating cash flow (approximation) | €12k | €2k | ▼ 84.2% |
| Investment in fixed assets (approximation) | - | €-7k | - |
| Change in cash | - | €-8k | - |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2024
Ground area
793 m²
Building footprint
611 m²
Volume, LiDAR
12,027 m³
2 parcels, Brussels · tallest building 27.7 m, ±8 floors. Linked by address, not a title deed.
466
companies at this address
See who is registered here
1 establishment unit
RWF
since 20242.356.874.920
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1778/00D000 | Brussels | 670 m² | 1 · 488 m² | 27.7 m · 8 fl. |
| 21014A0393/00K004 | Brussels | 123 m² | 1 · 123 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 5,467 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
Founded24-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43990Other specialised construction activities
46839Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.