RZ CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of RZ CONSTRUCT is 2.2% (moderate). The 2024 annual accounts show equity of €38k and a net result of €3k. Equity is growing by ~50% per year across the filed fiscal years. Its solvency ranks better than 79% of 9982 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability51▼-24
Solvency95▲+40
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 3.37 against 1.43 in 2023; short-term debt: 29.7% and cash: 3.2% of total assets), and 29.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
70.3%
Return on assets
5.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2025, 48 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
48 d late
2023
47 d early
2022
17 d late
2021
51 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, micro schema
Equity
€38k▲ 26.6%
2023 · €30k
Total assets
€54k▼ 45.7%
2023 · €99k
Net result
€3k▼ 80.3%
2023 · €15k
Working capital
€38k▲ 26.6%
2023 · €30k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€6k-€17k▲ 178%€33k▲ 98.8%€4k▼ 86.6%
Net result€5k-€10k▲ 128%€15k▲ 41.7%€3k▼ 80.3%
Equity€5k-€15k▲ 228%€30k▲ 98.4%€38k▲ 26.6%
Total assets€15k-€33k▲ 123%€99k▲ 203%€54k▼ 45.7%
Debt€10k-€18k▲ 74.9%€69k▲ 292%€16k▼ 76.9%
Working capital€5k-€15k▲ 228%€30k▲ 98.4%€38k▲ 26.6%
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 2024; 2024 is 87% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €54k
Equity
€38k ▲ 26.6%
Debt
€16k ▼ 76.9%
Debt's share of the balance-sheet total falls from 69.8% to 29.7%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.37▲
2023 · 1.43
Debt to equity
0.42▼
2023 · 2.31
ROE
7.7%▼
2023 · 49.6%
ROA
5.4%▼
2023 · 15.0%
Debt ≤ 1 year
€16k▼
2023 · €69k
Income taxes
€977▼
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | - | - | - | - |
| Other operating charges640/8 | €406 | €2k | €1k | €1k | ▼ 7.9% |
| Gross operating margin9900 | €7k | €19k | €34k | €6k | ▼ 83.3% |
| Operating profit (loss)9901 | €6k | €17k | €33k | €4k | ▼ 86.6% |
| Financial income75/76B | - | - | €483 | - | - |
| Recurring financial income75 | - | - | €483 | - | - |
| Financial charges65/66B | €207 | €3k | €15k | €499 | ▼ 96.6% |
| Recurring financial charges65 | €207 | €3k | €15k | €499 | ▼ 96.6% |
| Profit (loss) for the period before taxes9903 | €6k | €13k | €19k | €4k | ▼ 79.2% |
| Income taxes67/77 | €1k | €3k | €4k | €977 | ▼ 74.8% |
| Profit (loss) for the period9904 | €5k | €10k | €15k | €3k | ▼ 80.3% |
| Profit (loss) for the period to be appropriated9905 | €5k | €10k | €15k | €3k | ▼ 80.3% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €15k | €33k | €99k | €54k | ▼ 45.7% |
| Current assets29/58 | €15k | €33k | €99k | €54k | ▼ 45.7% |
| Amounts receivable within one year40/41 | €2k | €30k | €91k | €51k | ▼ 43.3% |
| Trade receivables40 | €1k | €16k | €87k | €44k | ▼ 49.9% |
| Other amounts receivable41 | €702 | €14k | €4k | €8k | ▲ 101% |
| Cash at bank and in hand54/58 | €12k | €2k | €7k | €2k | ▼ 75.9% |
| Deferred charges and accrued income490/1 | €548 | €846 | €827 | €409 | ▼ 50.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €15k | €33k | €99k | €54k | ▼ 45.7% |
| Equity10/15 | €5k | €15k | €30k | €38k | ▲ 26.6% |
| Contributions10/11 | - | - | - | €5k | - |
| Profit (loss) carried forward14 | €5k | €15k | €30k | €33k | ▲ 9.8% |
| Amounts payable17/49 | €10k | €18k | €69k | €16k | ▼ 76.9% |
| Amounts payable within one year42/48 | €10k | €18k | €69k | €16k | ▼ 76.9% |
| Trade debts44 | €7k | €14k | €58k | €8k | ▼ 86.2% |
| Suppliers440/4 | €7k | €14k | €58k | €8k | ▼ 86.2% |
| Taxes, remuneration and social security45 | €1k | €4k | €10k | €8k | ▼ 24.6% |
| Taxes450/3 | €1k | €4k | €7k | €5k | ▼ 26.8% |
| Remuneration and social security454/9 | - | - | €4k | €3k | ▼ 20.8% |
| Other amounts payable47/48 | €2k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €10k | €15k | €3k | ▼ 80.3% |
| + Depreciation and write-downs630 | €1k | - | - | - | - |
| Operating cash flow (approximation) | €6k | €10k | €15k | €3k | ▼ 80.3% |
| Change in cash | - | €-11k | €6k | €-5k | ▼ 198% |
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
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
2024
31-12
Financial
Weakest financial yearnet €3k ▼80.3%
Net result drops to €3k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.37
Current ratio from 1.43 to 3.37; short-term debt falls from €69k to €16k.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €15k ▲41.7%
Operating result €33k, net result €15k, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Wemmel · 1 establishment unit since 2020
Ground area
298 m²
Building footprint
181 m²
Volume, LiDAR
2,196 m³
Parcel 22662B0368/00L003, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
RZ CONSTRUCT
since 20202.304.567.669
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0368/00L003 | Flanders | 298 m² | 1 · 181 m² | 15.0 m · 4 fl. |
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 29,787 companies in sector 41001 we hold annual accounts for 16,039. 12,779 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
Founded10-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43240Other construction installation
43350Other building finishing work
43990Other specialised construction activities
Contact
E-mail
rzconstructbv@yahoo.com
Scores and ratios are computed by Checked and are not a credit decision.