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 7332 sector peers (fiscal year 2025).
Checked score
Score 2025
13
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▼-34
Solvency0=
Growth32▼-26
Track record60
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; short-term debt: 175.9% and cash: 11.1% of total assets), 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
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 7332 sector peers (2025).
NBB · sector comparisonPosition among 7332 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
16-09-2026 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
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 29,808 companies in sector 41001 we hold annual accounts for 16,033. 12,785 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.