RDL ENGINEERING
ActiveSummary
RDL ENGINEERING has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.61M and a net result of €-102k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 55% of 406 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability21▼-58
Solvency75=
Growth43▼-22
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 2.05 against 2.1 in 2024; short-term debt: 33.8% and cash: 15.9% of total assets), and 49.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
40 d early
2022
3 d late
2021
21 d early
2020
3 d early
2019
18 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€3.89M▼ 26.4%
2024 · €5.29M
2019: €4.74M
2020: €4.10M
2021: €3.43M
2022: €4.06M
2023: €5.67M
2024: €5.29M
2019 → 2025
EBIT margin
-1.8%▼ 12.0pp
2024 · 10.2%
2019: 0.6%
2020: -0.1%
2021: -5.6%
2022: -9.0%
2023: 5.6%
2024: 10.2%
2019 → 2025
Net result
€-102k
2024 · €433k
2019: €9k
2020: €-33k
2021: €-231k
2022: €-391k
2023: €290k
2024: €433k
2019 → 2025
Working capital
€1.14M▼ 12.5%
2024 · €1.30M
2019: €1.01M
2020: €1.05M
2021: €811k
2022: €417k
2023: €956k
2024: €1.30M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€3.43M-€4.06M▲ 18.4%€5.67M▲ 39.5%€5.29M▼ 6.8%€3.89M▼ 26.4%
Equity€1.16M-€768k▼ 33.7%€1.28M▲ 67.0%€1.72M▲ 33.7%€1.61M▼ 6.0%
Operating result€-191k-€-364k▼ 91.0%€320k€538k▲ 68.0%€-70k
Net result€-231k-€-391k▼ 69.2%€290k€433k▲ 49.4%€-102k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €70k after €538k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.21M
Fixed assets
€984k ▲ 1.7%
Current assets
€2.23M ▼ 10.6%
Equity and liabilities €3.21M
Equity
€1.61M ▼ 6.0%
Debt
€1.60M ▼ 8.4%
Debt's share of the balance-sheet total falls from 50.4% to 49.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€33k▼
2024 · €618k
Cash flow
€229▼
2024 · €513k
Current ratio
2.05▼
2024 · 2.10
Quick ratio
1.38▼
2024 · 1.64
Debt to equity
0.99▼
2024 · 1.01
ROE
-6.3%▼
2024 · 25.2%
ROA
-3.2%▼
2024 · 12.5%
Interest coverage
0.52▼
2024 · 12.73
Debt ≤ 1 year
€1.08M▼
2024 · €1.19M
Debt > 1 year
€512k▼
2024 · €556k
Income taxes
€1k▼
2024 · €63k
Staff costs
€1.43M▼
2024 · €1.43M
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 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.46M€3.21M▼
Fixed assets21/28€968k€984k▲
Tangible fixed assets22/27€967k€978k▲
Land and buildings22€734k€690k▼
Plant, machinery and equipment23€174k€143k▼
Furniture and vehicles24€60k€145k▲
Financial fixed assets28€1k€7k▲
Current assets29/58€2.49M€2.23M▼
Stocks and contracts in progress3€550k€729k▲
Stocks30/36€119k€125k▲
Contracts in progress37€432k€605k▲
Amounts receivable within one year40/41€1.14M€986k▼
Trade receivables40€1.14M€986k▼
Other amounts receivable41-€89
Current investments50/53€200k-
Cash at bank and in hand54/58€601k€510k▼
Equity and liabilities
Total equity and liabilities10/49€3.46M€3.21M▼
Equity10/15€1.72M€1.61M▼
Contributions10/11€300k€300k=
Capital10€300k€300k=
Issued capital100€300k€300k=
Reserves13€1.42M€1.42M=
Non-distributable reserves130/1€30k€30k=
Legal reserve130€30k€30k=
Tax-exempt reserves132€992€992=
Distributable reserves133€1.39M€1.39M=
Profit (loss) carried forward14-€-102k
Amounts payable17/49€1.74M€1.60M▼
Amounts payable after more than one year17€556k€512k▼
Financial debts170/4€556k€512k▼
Amounts payable within one year42/48€1.19M€1.08M▼
Current portion of amounts payable after more than one year42€149k€142k▼
Financial debts43€40k€42k▲
Credit institutions430/8-€42k
Other loans439€40k-
Trade debts44€514k€673k▲
Suppliers440/4€514k€673k▲
Advances received on contracts in progress46€227k€65k▼
Taxes, remuneration and social security45€255k€151k▼
Taxes450/3€95k€32k▼
Remuneration and social security454/9€160k€119k▼
Other amounts payable47/48-€11k
Income statement
Code20242025
Turnover70€5.29M€3.89M▼
Non-recurring operating income76A€9k€18k▲
Goods, raw materials, services and sundry goods60/61€3.21M€2.89M▼
Remuneration, social security and pensions62€1.43M€1.43M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80k€103k▲
Other operating charges640/8€32k€32k▲
Gross operating margin9900€2.08M€1.50M▼
Operating profit (loss)9901€538k€-70k▼
Financial income75/76B€7k€31k▲
Recurring financial income75€7k€31k▲
Financial charges65/66B€49k€63k▲
Recurring financial charges65€49k€63k▲
Profit (loss) for the period before taxes9903€496k€-101k▼
Income taxes67/77€63k€1k▼
Profit (loss) for the period9904€433k€-102k▼
Profit (loss) for the period to be appropriated9905€433k€-102k▼
Appropriation of the result
Profit (loss) to be appropriated9906€69k€-102k▼
Profit (loss) brought forward from the previous period14P€-364k-
Transfer to equity691/2€69k-
To the legal reserve6920€23k-
To other reserves6921€47k-
Social balance
Average headcount (FTE)908718.620.8▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2019net €433k ▲49.4%
Operating result €538k, net result €433k, both a record.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Back to profitnet €290k
Net result €290k after 3 loss-making years.
30-06
Financial
Equity above €1MEq €1.28M ▲67%
Equity rises from €768k to €1.28M.
03-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
2022
30-06
Financial
Weakest financial yearnet €-391k
Net result drops to €-391k, the lowest in the series; recovery starts the following year.
10-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Izegem · 1 establishment unit since 1986
Ground area
1.4 ha
Building footprint
4,500 m²
Volume, LiDAR
24,596 m³
Parcel 36494D0299/00E000, Flanders · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
RDL ENGINEERING
since 19862.028.534.274
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0299/00E000 | Flanders | 1.4 ha | 1 · 4,500 m² | 12.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,648 EUR awarded · 2,791 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 450 EUR | 450 EUR |
| 2024 | 1 | 228 EUR | 228 EUR |
| 2023 | 1 | 750 EUR | 2,113 EUR |
| 2022 | 1 | 220 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
54930006YH3M5E46IH92
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Of 12 companies in sector 28240 we hold annual accounts for 11. 7 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-01-1986
Fiscal year end30-06
Activities, NACEBEL 2025
28220Manufacture of machinery and equipment not elsewhere classified
28240Manufacture of machinery and equipment not elsewhere classified
25110Manufacture of metal structures and parts of structures
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.