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RYO CONSTRUCT

Active Private limited companyfounded 2020active for 5 yearsKersbeeklaan 203-2025, 1190 ForestKBO/BCE: BE 0760.301.044

Overview

Lifetime

5 annual accounts with figures on one time axis
peak €7,639 (2024)
€919▼ 88.0%
lowest -€85 (2025)
-€85▼ €5,376
peak €12,254 (2024)
€12,169▼ 0.7%
€2,599▲ 41.0%
Board3 names since 2020
2 directorsGHINET Lucian and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €7,639 to €919Loss of €85Debts from €1,843 to €2,599

Key points

from the 2025 annual accounts

Turnover

≈ €12,000 estimated

The micro format states no turnover.

Filings

5 annual accounts 3 late
AprilJune31 JulyOctober20222024

The 2023 accounts came latest: 50 days after the end of the period.

Position in the sector

€12,169

Less equity than 81% of companies in specialised construction. Sector median €57,691 · 35,148 companies.

Checked score

39
Weak
Financially stronger than 57% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.3% Elevated
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.0% 01-2025: 1.0%● unchanged vs 12-2024lowest value 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.1%▲ +0.1 percentage points vs 04-2025 06-2025: 1.1%● unchanged vs 05-2025 07-2025: 1.1%● unchanged vs 06-2025 08-2025: 1.1%● unchanged vs 07-2025 09-2025: 1.1%● unchanged vs 08-2025 10-2025: 1.1%● unchanged vs 09-2025 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 1.1%● unchanged vs 11-2025 01-2026: 1.1%● unchanged vs 12-2025 02-2026: 1.1%● unchanged vs 01-2026 03-2026: 1.0%▼ -0.1 percentage points vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 2.0%▲ +1.0 percentage point vs 04-2026 06-2026: 2.0%● unchanged vs 05-2026 07-2026: 2.1%▲ +0.1 percentage points vs 06-2026 08-2026: 2.7%▲ +0.6 percentage points vs 07-2026 09-2026: 5.2%▲ +2.5 percentage points vs 08-2026 10-2026: 5.2%● unchanged vs 09-2026 11-2026: 5.3%▲ +0.1 percentage points vs 10-2026highest value

Financial strength
Strong

100=equity 82.4% of total assets
80-6short-term debt 17.6% · cash 27.7%
34-66return on assets -0.6%

Score breakdown

raises risk
2 changes of registered office in 24 months
Founded in 2020
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
lowers risk
Liquidity: current ratio 5.55, cash €4,085
Calculation

The band follows from the bankruptcy probability. 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 (NACE 41, micro). It does better than 92% of them on solvency, 83% on liquidity, 21% on profitability and 34% on growth.

The bankruptcy probability was computed on 10-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 3,440 companies had the same profile as RYO CONSTRUCT has now. Each dot stands for 9 companies, two years later.

90.1%
were still trading
7.4%
stopped another way
2.3%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of RYO CONSTRUCT itself is higher: 5.3% within 12 months. It rests on far more data about RYO CONSTRUCT than the profile alone.

Test of the method

The method was tested on the 497,448 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.

The companies in ten equal groups, from the lowest to the highest expected share
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%

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 3,440 companies, not a prediction for RYO 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.

Credit verdict

No publishable credit limit, so credit only on tighter terms

Liquidity is ample, with a current ratio of 5.55 (7.33 in 2024), above the usual 1.5. Short-term debt is 17.6% and cash 27.7% of total assets. 17.6% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises risk
raises risk · 2 changes of registered office in 24 months
Belgian Official Gazette
raises risk · Founded in 2020
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 5.55, cash €4,085
NBB · annual accounts
raises risk · Last filed accounts filed 31 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filings
Deviation from the deadline
2025
31 days late
2024
70 days early
2023
50 days late
2022
64 days early
2021
24 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 6 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (4 of the last 5 accounts filed within 88 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

GL
Director
MB
Director
  • MESYNGIER Bruno founderdeed of 22-12-2020
  • GHINET Lucian founderdeed of 22-12-2020
Board & ownership

Recent changes

Registered office moved from Etterbeek to Forest New registered office: Avenue Kersbeek 203-2025, 1190 Forest · Previous registered office: 36 Avenue Hansen-Soulie B-1040 Etterbeek · Appointment: Regivan Ribeiro Da Silva (director) · General meeting of 04-08-2026 · Gazette deed
Registered office moved within Etterbeek New registered office: 36 Avenue Hansen-Soulie B-1040 Etterbeek · Previous registered office: AVENUE DE LA CHASSE 133/135 B-1040 ETTERBEEK · General meeting of 18-03-2026 · Gazette deed
Incorporation Founders: MESYNGIER Bruno and GHINET Lucian · 100 shares · Appointments: MESYNGIER Bruno (director) and GHINET Lucian (director) · published on 22-12-2020 · Gazette deed
First establishment Kersbeeklaan 203-205, Forest
All 12 events

Comparable companies

same main activity, similar in size and age
Company
RYO CONSTRUCT Forest €14,769 €919 82.4% -
RESACH Jette €13,767 €88 63.4% -
KORUJABUILD Asse €15,013 -€15,555 -18.2% -
PVVL Bilzen-Hoeselt €13,925 €386 24.7% -
C’ CURA NBC Hastière €15,191 -€3,315 92.3% -
RM GROUP Antwerp €15,343 €601 83.1% -
HAYDA CONSULT Bertrix €16,658 -€6,883 51.1% -

These companies have the same main activity as RYO CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €13,800 and €16,700, founded between 2019 and 2021.

Official details

Source: KBO
Status
Active since 18-12-2020Normal situation
Activity
Other specialised construction activitiesNACE 43990and 5 others
Establishment unit
2.312.988.8531190 Forest, since 18-12-2020
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2025

€919▼ 88.0%
€85
€12,169▼ 0.7%
€14,769▲ 4.8%
Filing
Filed on 31-08-2026
Financials

Insights on RYO CONSTRUCT

RYO CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €2,903 in 2021 to €919 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 31-08-2026, 31 days late
€919
▼ 88.0%
€79
▼ 98.9%
-€85
▼ €5,376
€11,828
▲ 1.3%
82.4%
▼ 4.5 percentage points
5.55
▼ 1.78

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €12,000. Estimated: probably between €6,700 and €23,000.

Balance sheet

balance sheet total €14,769 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

82.4%

Higher than 87% of 35,136 companies in 2025.

5.55

Higher than 87% of 34,510 companies in 2025.

-0.6%

Higher than 22% of 34,711 companies in 2025.

RYO CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021
Balance sheet: assets
20/58 14,76914,0978,4448,9137,330
21/28 341582---
22/27 341582---
24 341582---
29/58 14,42813,5158,4448,9137,330
40/41 10,2588,8672,0514,7626,103
40 7,9555,4801,8363,5705,200
41 2,3023,3872151,192903
54/58 4,0854,2485,8554,1511,227
490/1 85400538--
Balance sheet: equity and liabilities
10/49 14,76914,0978,4448,9137,330
10/15 12,16912,2546,9634,9933,537
10/11 1,5001,5001,5001,5001,500
14 10,66910,7545,4633,4932,037
17/49 2,5991,8431,4823,9203,792
42/48 2,5991,8431,4823,9203,792
44 ---13612
440/4 ---13612
45 2,5991,8431,4823,9073,181
450/3 2,5991,8431,4823,907509
454/9 ----2,671
Income statement
9900 9197,6393,9912,2522,903
630 241141---
640/8 5995551,286348348
9901 796,9442,7051,9042,556
65/66B 163178243859
65 163178243859
9903 -856,7662,4621,8202,547
67/77 -1,475492364509
9904 -855,2911,9701,4562,037
9905 -855,2911,9701,4562,037
Appropriation of the result
9906 10,66910,7545,4633,4932,037
14P 10,7545,4633,4932,037-
Document PDFPDFPDFPDFPDF

The notes to these accounts have 4 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 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00489323.

Financial year Type Filed Reference Document
31-12-2025 micro format 31-08-2026 2026-00489323 PDF
31-12-2024 micro format 22-05-2025 2025-00108312 PDF
31-12-2023 micro format 19-09-2024 2024-00464892 PDF
31-12-2022 micro format 28-05-2023 2023-00096400 PDF
31-12-2021 micro format 24-08-2022 2022-20309976 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021
3207,085---
1565,432---
0723---
-163-1,6071,7042,924-
11,82811,6726,9634,9933,537
82.4%86.9%82.5%56.0%48.3%
5.557.335.702.271.93
0.210.150.210.791.07
-0.7%43.2%28.3%29.2%57.6%
-0.6%37.5%23.3%16.3%27.8%
1.9639.91---

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.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€723---
€241€141---

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on RYO CONSTRUCT

The operating result for 2025 is 99% lower than in 2024 and the lowest since 2021.

Debt's share of the balance-sheet total rises from 13.1% to 17.6%. Equity is lower and debt is higher.

Board & ownership

Board

3 directors, no change since August 2026
Director
appointed by deed of 10-08-2026
Director (not named in the articles)
appointed by deed of 22-12-2020
earlier director, until 04-08-2026
Director (not named in the articles)
appointed by deed of 22-12-2020
earlier director, until 04-08-2026

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
GHINET Lucian
Director (not named in the articles)
MESYNGIER Bruno
Director (not named in the articles)
BoardEarlier
Mandates as a list
  • GHINET Lucian
    • Director (not named in the articles), appointed by deed of 22-12-2020, until 04-08-2026
    • Director (not named in the articles), appointed by deed of 22-12-2020, still in office
  • MESYNGIER Bruno
    • Director (not named in the articles), appointed by deed of 22-12-2020, until 04-08-2026
    • Director (not named in the articles), appointed by deed of 22-12-2020, still in office
  • Regivan Ribeiro Da Silva
    • Director, appointed by deed of 10-08-2026, still in office

See the board, name and registered office on a given date →

Control

This company
RYO CONSTRUCT
Equity €12,169
Loss €85 in 2025

Capital

Contribution
€1,500
Shares
100
Contribution per share
€15
Equity per share
€122 in 2025
Source
2025 annual accounts

Articles of association

deed of 22-12-2020 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Organe d'administration, fixé par l'assemblée qui nomme”
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Founders

At incorporation deed of 22-12-2020 ↗

Network & group

No group

RYO CONSTRUCT has no parent and no holdings in its annual accounts.

Earlier ties

EUROPRO BELGIUM
via MESYNGIER Bruno (no longer at EUROPRO BELGIUM) and GHINET Lucian (no longer at EUROPRO BELGIUM) · deed of 18-10-2023
founded in 2004
total assets €166,383 (2025)

Connections & network

Depth

The network starts from the earlier ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

12 events since 2020

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 31 days late
Registered office moved from Etterbeek to ForestNew registered office: Avenue Kersbeek 203-2025, 1190 Forest · Previous registered office: 36 Avenue Hansen-Soulie B-1040 Etterbeek · Appointment: Regivan Ribeiro Da Silva (director) · General meeting of 04-08-20265 points ▸

Open the deed in the Belgian Official Gazette

Registered office moved within EtterbeekNew registered office: 36 Avenue Hansen-Soulie B-1040 Etterbeek · Previous registered office: AVENUE DE LA CHASSE 133/135 B-1040 ETTERBEEK · General meeting of 18-03-20262 points ▸
  • General meeting, 18-03-2026
  • Registered-office move, 36 Avenue Hansen-Soulie B-1040 Etterbeek

Open the deed in the Belgian Official Gazette

2025
Weakest financial year net -€85 The net result drops to -€85, the lowest from 2021 to 2025.
Annual accounts 2024 filed PDFmicro format · 70 days before the deadline
2024
Highest result from 2021 to 2025 net €5,291 ▲169% The operating result of €6,944 and the net result of €5,291 are both a record.
Annual accounts 2023 filed PDFmicro format · 50 days late
2023
Liquidity more than doubled current ratio 5.70 The current ratio rises from 2.27 to 5.70. Short-term debt falls from €3,920 to €1,482.
Annual accounts 2022 filed PDFmicro format · 64 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 24 days late
2020
IncorporationFounders: MESYNGIER Bruno and GHINET Lucian · 100 shares · Appointments: MESYNGIER Bruno (director) and GHINET Lucian (director) · published on 22-12-20207 points ▸
  • Founder, MESYNGIER Bruno
  • Founder, GHINET Lucian
  • 100 shares
  • Registered office clause, avenue de la Chasse 133/135, 1040 Etterbeek
  • Board rule, 2
  • Director appointment, MESYNGIER Bruno (director (not named in the articles))
  • Director appointment, GHINET Lucian (director (not named in the articles))
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

First establishment Kersbeeklaan 203-205, Forest

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

RYO CONSTRUCT was incorporated on 18 December 2020 as a private limited company by two natural persons.12 The registered office moved to Etterbeek in 2026 and to Forest in 2026.34 The board currently has 3 members.4 Total assets rose from €7,330 in 2021 to €14,769 in 2025.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 22-12-2020
  3. 3Belgian Official Gazette, 03-04-2026
  4. 4Belgian Official Gazette, 10-08-2026
  5. 5National Bank, annual accounts 2021 and 2025

Company details

Identity

Enterprise number
0760.301.044
VAT number
BE 0760.301.044
Legal form
Private limited company
Status
Active, normal situation
Founded
18-12-2020
Financial year
ends on 31 December
Peppol
Not found in the Peppol Directory
Name
RYO CONSTRUCT in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 22-12-2020 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 22-12-2020 (in French)

Activities

NACEBEL 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
“L’exploitation d’une société de construction et entreprise générale du bâtiment; L’entreprise générale de tous travaux publics et privés,et…”
16 activities
  1. L’exploitation d’une société de construction et entreprise générale du bâtiment
  2. L’entreprise générale de tous travaux publics et privés,et plus spécialement à l’entreprise générale de construction de bâtiments,soit d’une manière générale tous travaux de construction,de rénovations,de transformations,de restaurations,de démolitions,de parachèvement et de finitions du bâtiment dans toutes ses applications
  3. La maçonnerie,la peinture,la finition d’intérieur et d’extérieur,le plafonnage,le nettoyage de façade,la menuiserie,la pose de mosaïques et de carrelage,la pose de sanitaires,le rejointoiement,le sablage,le coffrage,la plâtrerie,le nettoyage,la démolition et le terrassement,et plus généralement,l’entreprise générale en construction
  4. La pose de carrelages et de pierre de taille,la taille de pierres du pays et de marbre,la taille façonnage et finition de pierres,les opérations réalisées sur pierre brutes,la fabrication d'ouvrages en asphalte
  5. La fabrication de panneaux électriques pour la récupération de chaleur solaire,les travaux de terrassement et comblement,le nivellement et la destruction à l’explosif
  6. Les travaux d'isolation de canalisation de chauffage et de réfrigération
  7. La pose de cloisons et faux plafonds en bois,l’installation de portes rétractiles et stores
  8. La destruction et la démolition
  9. La pose et dépose de carrelage,le gros œuvre,la fabrication et la pose de panneaux de bois et de plâtre,la fabrication et la pose de contre plaqués
  10. La fabrication d'ouvrages préfabriqués en ciment et béton,le coffrage,le recouvrement d'enduit de protection
  11. Les travaux de construction spécialisés,les travaux de terrassement,le drainage des terrains,le déblayage des chantiers,les forages et sondages,l’installation de systèmes d’alarme et de communication,les travaux d'installation électrotechnique
  12. Les travaux d'isolation acoustique et thermique,les activités diverses de finition,le sablage,le nettoyage et le démoussage de toitures,la pose de plaques de gyproc
  13. La vente,la pose et la fabrication de panneaux photovoltaïques,la pose et la fabrication de recouvrements hydrofuges,le recouvrement de sols
  14. La vente de gros et de détail de carrelages,pierres naturelles,marbres et matériaux de construction
  15. Ériger toutes constructions pour son compte ou pour compte de tiers,en tant que maître d’ouvrage ou entrepreneur général,et,effectuer,éventuellement aux biens immobiliers,des transformations et mises en valeur ainsi que l’étude et l’aménagement de lotissements y compris la construction de routes et égouts;souscrire des engagements en tant que conseiller en construction(études de génie civil et des divers équipements techniques des immeubles);acheter tous matériaux,signer tous contrats d’entreprises qui seraient nécessaires
  16. La prestation de tous services dans le cadre de son objet,y compris la gestion de patrimoine
deed of 22-12-2020 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Kersbeeklaan 203-2025 registered office 1190 Forest
Kersbeeklaan 203-205 1190 Forest 4100101 General construction of residential buildings 18-12-2020 2.312.988.853

Buildings and parcels at the address

Ground area
825 m²
Buildings
162 m²
Volume, LiDAR
926 m³
Tallest building
7.2 m
Buildings to scale, each on its own parcel
162 m², 7.2 m 162 m², 7.2 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
21384D0266/00M006825 m² 1 · 162 m² 7.2 m · 2

Invoicing and payment

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Register as of 10 November 2026 · Peppol Directory

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