RDW SERVICES
ActiveThe file of RDW SERVICES contains 4 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2025 annual accounts show negative equity (€-201k) and a net result of €19k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 7318 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency34▲+1
Growth32▼-26
Stability60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.45 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
Sector 41
higher
← 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 2025Solvency, return and age of the figures
Solvency
-77.3%
Return on assets
7.2%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 7318 sector peers (2025).
NBB · sector comparisonPosition among 7318 sector peers
Solvency
better than 5%
← weakest
strongest →
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 11-02-2026, 170 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
170 d early
2024
29 d late
2023
42 d early
2022
55 d early
2021
135 d early
2020
53 d early
2019
44 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-201k▲ 8.5%
2024 · €-219k
2018: €36k
2019: €-15k
2020: €-68k
2021: €-8k
2022: €38k
2023: €-267k
2024: €-219k
2018 → 2025
Total assets
€260k▲ 24.9%
2024 · €208k
2018: €288k
2019: €311k
2020: €374k
2021: €557k
2022: €565k
2023: €215k
2024: €208k
2018 → 2025
Net result
€19k▼ 60.8%
2024 · €47k
2018: €29k
2019: €-50k
2020: €-54k
2021: €60k
2022: €47k
2023: €-305k
2024: €47k
2018 → 2025
Working capital
€-209k▲ 9.6%
2024 · €-231k
2018: €31k
2019: €-15k
2020: €-17k
2021: €-48k
2022: €21k
2023: €-309k
2024: €-231k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-8k-€38k€-267k€-219k▲ 17.8%€-201k▲ 8.5%
Operating result€66k-€62k▼ 5.8%€-294k€68k€38k▼ 44.1%
Net result€60k-€47k▼ 22.4%€-305k€47k€19k▼ 60.8%
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 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €260k
Fixed assets
€12k▼ 48.3%
Current assets
€248k▲ 33.9%
Key figures and ratios
EBITDA
€43k▼
2024 · €80k
Cash flow
€23k▼
2024 · €59k
Solvency
-77.3%▲
2024 · -105.5%
Current ratio
0.54▲
2024 · 0.45
Quick ratio
0.54▲
2024 · 0.45
Debt / equity
-2.29▼
2024 · -1.95
ROE
-9.3%▲
2024 · -21.6%
ROA
7.2%▼
2024 · 22.8%
Interest coverage
2.20▼
2024 · 3.99
Debt
€461k▲
2024 · €427k
Debt ≤ 1 year
€457k▲
2024 · €416k
Debt > 1 year
€4k▼
2024 · €11k
Income taxes
€765▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€208k€260k▲
Fixed assets21/28€23k€12k▼
Tangible fixed assets22/27€20k€9k▼
Furniture and vehicles24€20k€9k▼
Financial fixed assets28€2k€2k=
Current assets29/58€185k€248k▲
Amounts receivable within one year40/41€127k€217k▲
Trade receivables40€123k€215k▲
Other amounts receivable41€4k€2k▼
Cash at bank and in hand54/58€56k€29k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€208k€260k▲
Equity10/15€-219k€-201k▲
Contributions10/11€6k€6k=
Reserves13€29k€29k=
Distributable reserves133€29k€29k=
Profit (loss) carried forward14€-255k€-236k▲
Amounts payable17/49€427k€461k▲
Amounts payable after more than one year17€11k€4k▼
Financial debts170/4€11k€4k▼
Amounts payable within one year42/48€416k€457k▲
Current portion of amounts payable after more than one year42€14k€7k▼
Financial debts43€125k€122k▼
Credit institutions430/8€125k€122k▼
Trade debts44€208k€230k▲
Suppliers440/4€208k€230k▲
Advances received on contracts in progress46€4k-
Taxes, remuneration and social security45€20k€31k▲
Taxes450/3€19k€30k▲
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€45k€67k▲
Income statement
Code20242025
Non-recurring operating income76A€133k€8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€24k€-30k▼
Other operating charges640/8€3k€39k▲
Non-recurring operating charges66A-€392
Gross operating margin9900€106k€52k▼
Operating profit (loss)9901€68k€38k▼
Financial income75/76B€966€490▼
Recurring financial income75€966€490▼
Financial charges65/66B€20k€19k▼
Recurring financial charges65€20k€19k▼
Profit (loss) for the period before taxes9903€49k€19k▼
Income taxes67/77€2k€765▼
Profit (loss) for the period9904€47k€19k▼
Profit (loss) for the period to be appropriated9905€47k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-255k€-236k▲
Profit (loss) brought forward from the previous period14P€-302k€-255k▲
The notes to these accounts (11 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
11-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
06-12
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise de Liège · 20240041 · event 26-11-2024
13-11
Judicial reorganisation
Extension
Tribunal de l’entreprise de Liège · collectif · event 31-10-2024
26-07
Judicial reorganisation
Extension
Tribunal de l’entreprise de Liège · collectif · event 18-07-2024
09-07
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collectif · event 02-07-2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-305k ▼755%
Net result drops to €-305k, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €60k
Net result €60k after 2 loss-making years.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Walcourt · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Prunelliers(Tar) 25651 WalcourtGround area
1,123 m²
Building footprint
156 m²
Parcel 93076D0055/00P000, Wallonia. Linked by address, not a title deed.
1 establishment unit
RDW SERVICES
since 20172.267.302.744
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93076D0055/00P000 | Wallonia | 1,123 m² | 1 · 156 m² | - |
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.
Recognitions · licences · registrations
Recognised contractor
20 categoriesRDW SERVICES SRL44044
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Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 12,649 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-08-2017
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
37000Sewerage
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
42212Civil engineering
43120Site preparation
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
43299Specialised construction activities
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.