Investments
€1,024 2.8 × depreciation
Green is investment, beige is depreciation.
RZ CONSTRUCT
Lifetime
5 annual accounts with figures on one time axispeak €34,239 (2023)
-€2,074▼ €7,777
lowest -€11,168 (2025)
-€11,168▼ €14,075
peak €37,676 (2024)
€26,508▼ 29.6%
€13,616▼ 14.4%
Board2 names since 2020
1 directorRUS Grigore
Documentsfilings and deeds
10-10-202671 days late
2025micro format
Gross margin from €5,703 to -€2,074Loss of €11,168Equity from €37,676 to €26,508Cash from €1,722 to €2,325
Key points
from the 2025 annual accountsFilings
5 annual accounts 71 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€11,168
Lower net result than 86% of companies in construction of buildings. Sector median €8,551 · 9,446 companies.
Turnover not published (micro format)
Checked score
49
Fair
Financially stronger than 34% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.0%
01-2025: 2.9%▼ -0.1 percentage points vs 12-2024
02-2025: 2.9%● unchanged vs 01-2025lowest value
03-2025: 2.9%● unchanged vs 02-2025lowest value
04-2025: 3.1%▲ +0.2 percentage points vs 03-2025
05-2025: 3.3%▲ +0.2 percentage points vs 04-2025
06-2025: 3.4%▲ +0.1 percentage points vs 05-2025
07-2025: 3.5%▲ +0.1 percentage points vs 06-2025
08-2025: 4.1%▲ +0.6 percentage points vs 07-2025
09-2025: 4.2%▲ +0.1 percentage points vs 08-2025
10-2025: 3.8%▼ -0.4 percentage points vs 09-2025
11-2025: 3.6%▼ -0.2 percentage points vs 10-2025
12-2025: 3.6%● unchanged vs 11-2025
01-2026: 3.5%▼ -0.1 percentage points vs 12-2025
02-2026: 3.5%● unchanged vs 01-2026
03-2026: 3.6%▲ +0.1 percentage points vs 02-2026
04-2026: 3.6%● unchanged vs 03-2026
05-2026: 3.6%● unchanged vs 04-2026
06-2026: 3.5%▼ -0.1 percentage points vs 05-2026
07-2026: 3.7%▲ +0.2 percentage points vs 06-2026
08-2026: 4.2%▲ +0.5 percentage points vs 07-2026
09-2026: 4.4%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 3.4%▼ -1.0 percentage point vs 09-2026
11-2026: 3.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 71 days late; 2 of the last 3 accounts late
Sector: Construction of residential and non-residential buildings (NACE 41)
Founded in 2020
lowers risk
Equity €26,508 (66.1% of total assets)
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 75% of them on solvency, 40% on liquidity, 5% on profitability and 16% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 3,591 companies had the same profile as RZ CONSTRUCT has now. Each dot stands for 9 companies, two years later.
87.3%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RZ CONSTRUCT itself: 3.4% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 3,591 companies, not a prediction for RZ 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
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.9 (3.37 in 2024), above the usual 1.5. Short-term debt is 33.9% and cash 5.8% of total assets. 33.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 71 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-10-2026, 71 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 filingsDeviation from the deadline
2025
71 days late
2024
48 days late
2023
47 days early
2022
17 days late
2021
51 days early
← 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 8 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 17 August (4 of the last 5 accounts filed within 63 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignation: KOFITY ZSOLT (director)
Transfer of shares from KOFITY ZSOLT to RUS GRIGORE · Gazette deed
Incorporation
Founding capital of €10,000, 100 shares · Founders: RUS Grigore (comparant) and KOFITY Zsolt Szabolcs (comparant) · Appointments: RUS Grigore (director) and KOFITY Zsolt Szabolcs (director) · published on 14-07-2020 · Gazette deed
First establishment
L. Guyotstraat 51, Wemmel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RZ CONSTRUCT Wemmel | €40,124 | -€2,074 | 66.1% | - |
| ART & DOM Beersel | €38,801 | -€13,632 | -55.2% | - |
| REFORMANOVA Dilbeek | €36,780 | -€494 | 80.8% | - |
| BEL GOLD IMMO Kortenberg | €45,516 | -€6,435 | -3.1% | - |
| ETS HUBERT PERE & FILS Overijse | €35,596 | €115 | -43.3% | - |
| CORNEL & AVRAM CONSTRUCTION Vilvoorde | €34,601 | -€7,513 | 26.7% | - |
| PRO BUILD COMPANY Kraainem | €33,650 | -€905 | 7.5% | - |
These companies have the same main activity as RZ CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €33,600 and €45,500, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 10-07-2020Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 3 others
- Establishment unit
- 2.304.567.6691780 Wemmel, since 10-07-2020
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on RZ CONSTRUCT
RZ CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €7,422 in 2021 to -€2,074 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RZ CONSTRUCT
- What is the company number of RZ CONSTRUCT?
- The company number of RZ CONSTRUCT is 0750.510.477. The VAT number is the same number with BE in front: BE 0750.510.477.
- Where is RZ CONSTRUCT based?
- The registered office is at L. Guyotstraat 51, 1780 Wemmel.Company details
- What does RZ CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of RZ CONSTRUCT?
- RZ CONSTRUCT is a private limited company (BV).
- When was RZ CONSTRUCT founded?
- RZ CONSTRUCT was founded on 10-07-2020.
- Is RZ CONSTRUCT still active?
- Yes, RZ CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of RZ CONSTRUCT?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is RZ CONSTRUCT profitable?
- In financial year 2025, RZ CONSTRUCT made a loss of €11,168.
- Where can I find the annual accounts of RZ CONSTRUCT?
- RZ CONSTRUCT filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RZ CONSTRUCT due?
- RZ CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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