RSCONSTRUCT
ActiveSummary
RSCONSTRUCT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €332k and a net result of €47k. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-4
Solvency78▼-22
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 21.17 in 2024; short-term debt: 27.1% and cash: 25.8% of total assets), and 47.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.7%
Return on assets
7.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
45 d early
2023
126 d early
2022
32 d late
2021
34 d early
2020
17 d early
2019
52 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€332k▲ 16.5%
2024 · €285k
2018: €53klowest in 8 years
2019: €91k▲ +71.9% vs 2018
2020: €114k▲ +24.8% vs 2019
2021: €174k▲ +52.8% vs 2020
2022: €208k▲ +19.3% vs 2021
2023: €254k▲ +22.0% vs 2022
2024: €285k▲ +12.3% vs 2023
2025: €332k▲ +16.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€630k▲ 114%
2024 · €294k
2018: €77klowest in 8 years
2019: €114k▲ +46.8% vs 2018
2020: €246k▲ +117% vs 2019
2021: €198k▼ -19.3% vs 2020
2022: €225k▲ +13.4% vs 2021
2023: €272k▲ +20.6% vs 2022
2024: €294k▲ +8.4% vs 2023
2025: €630k▲ +114% vs 2024highest in 8 years
2018 → 2025
Net result
€47k▲ 51.6%
2024 · €31k
2018: €17klowest in 8 years
2019: €37k▲ +113% vs 2018
2020: €23k▼ -38.7% vs 2019
2021: €60k▲ +166% vs 2020highest in 8 years
2022: €34k▼ -44.0% vs 2021
2023: €46k▲ +36.0% vs 2022
2024: €31k▼ -32.2% vs 2023
2025: €47k▲ +51.6% vs 2024
2018 → 2025
Working capital
€54k▼ 71.8%
2024 · €193k
2018: €23klowest in 8 years
2019: €49k▲ +115% vs 2018
2020: €170k▲ +248% vs 2019
2021: €132k▼ -22.3% vs 2020
2022: €77k▼ -42.0% vs 2021
2023: €153k▲ +100% vs 2022
2024: €193k▲ +25.8% vs 2023highest in 8 years
2025: €54k▼ -71.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€174k-€208k▲ 19.3%€254k▲ 22.0%€285k▲ 12.3%€332k▲ 16.5%
2021: €174klowest in 5 years
2022: €208k▲ +19.3% vs 2021
2023: €254k▲ +22.0% vs 2022
2024: €285k▲ +12.3% vs 2023
2025: €332k▲ +16.5% vs 2024highest in 5 years
Operating result€60k-€48k▼ 19.9%€68k▲ 40.8%€47k▼ 31.3%€73k▲ 55.4%
2021: €60k
2022: €48k▼ -19.9% vs 2021
2023: €68k▲ +40.8% vs 2022
2024: €47k▼ -31.3% vs 2023lowest in 5 years
2025: €73k▲ +55.4% vs 2024highest in 5 years
Net result€60k-€34k▼ 44.0%€46k▲ 36.0%€31k▼ 32.2%€47k▲ 51.6%
2021: €60khighest in 5 years
2022: €34k▼ -44.0% vs 2021
2023: €46k▲ +36.0% vs 2022
2024: €31k▼ -32.2% vs 2023lowest in 5 years
2025: €47k▲ +51.6% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €630k
Fixed assets
€405k ▲ 342%
Current assets
€225k ▲ 11.2%
Equity and liabilities €630k
Equity
€332k ▲ 16.5%
Debt
€298k ▲ 3,015%
Debt's share of the balance-sheet total rises from 3.3% to 47.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€105k▲
2024 · €80k
Cash flow
€80k▲
2024 · €65k
Current ratio
1.32▼
2024 · 21.17
Debt to equity
0.90▲
2024 · 0.03
ROE
14.2%▲
2024 · 10.9%
ROA
7.5%▼
2024 · 10.6%
Interest coverage
97.95▼
2024 · 1916.19
Debt ≤ 1 year
€171k▲
2024 · €10k
Debt > 1 year
€127k
Income taxes
€25k▲
2024 · €16k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€294k€630k▲
Fixed assets21/28€92k€405k▲
Tangible fixed assets22/27€92k€172k▲
Land and buildings22€2k€2k▼
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€83k€168k▲
Financial fixed assets28-€233k
Current assets29/58€203k€225k▲
Amounts receivable after more than one year29-€6k
Other amounts receivable291-€6k
Amounts receivable within one year40/41€37k€53k▲
Trade receivables40€37k€48k▲
Other amounts receivable41-€5k
Cash at bank and in hand54/58€163k€163k=
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€294k€630k▲
Equity10/15€285k€332k▲
Contributions10/11€19k€19k=
Reserves13€262k€310k▲
Distributable reserves133€262k€310k▲
Profit (loss) carried forward14€3k€3k=
Amounts payable17/49€10k€298k▲
Amounts payable after more than one year17-€127k
Financial debts170/4-€127k
Amounts payable within one year42/48€10k€171k▲
Current portion of amounts payable after more than one year42-€20k
Trade debts44€2k€141k▲
Suppliers440/4€2k€141k▲
Taxes, remuneration and social security45€6k€10k▲
Taxes450/3€6k€10k▲
Other amounts payable47/48€1k€1k=
Income statement
Code20242025
Non-recurring operating income76A€3k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€33k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€82k€107k▲
Operating profit (loss)9901€47k€73k▲
Financial income75/76B€42€64▲
Recurring financial income75€42€64▲
Financial charges65/66B€42€1k▲
Recurring financial charges65€42€1k▲
Profit (loss) for the period before taxes9903€47k€72k▲
Income taxes67/77€16k€25k▲
Profit (loss) for the period9904€31k€47k▲
Profit (loss) for the period to be appropriated9905€31k€47k▲
Appropriation of the result
Profit (loss) to be appropriated9906€35k€51k▲
Profit (loss) brought forward from the previous period14P€3k€3k=
Transfer to equity691/2€31k€47k▲
To other reserves6921€31k€47k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3k | €3k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €16k | €31k | €34k | €33k | ▼ 3.1% |
| Other operating charges640/8 | €1k | €1k | €1k | €1k | €1k | ▲ 11.7% |
| Gross operating margin9900 | €76k | €65k | €100k | €82k | €107k | ▲ 30.7% |
| Operating profit (loss)9901 | €60k | €48k | €68k | €47k | €73k | ▲ 55.4% |
| Financial income75/76B | - | - | €143 | €42 | €64 | ▲ 52.4% |
| Recurring financial income75 | - | - | €143 | €42 | €64 | ▲ 52.4% |
| Financial charges65/66B | €216 | €129 | €148 | €42 | €1k | ▲ 2,462% |
| Recurring financial charges65 | €216 | €129 | €148 | €42 | €1k | ▲ 2,462% |
| Profit (loss) for the period before taxes9903 | €60k | €48k | €68k | €47k | €72k | ▲ 53.3% |
| Income taxes67/77 | €50 | €15k | €22k | €16k | €25k | ▲ 56.6% |
| Profit (loss) for the period9904 | €60k | €34k | €46k | €31k | €47k | ▲ 51.6% |
| Profit (loss) for the period to be appropriated9905 | €60k | €34k | €46k | €31k | €47k | ▲ 51.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €198k | €225k | €272k | €294k | €630k | ▲ 114% |
| Fixed assets21/28 | €52k | €131k | €100k | €92k | €405k | ▲ 342% |
| Tangible fixed assets22/27 | €52k | €131k | €100k | €92k | €172k | ▲ 87.8% |
| Land and buildings22 | €5k | €4k | €3k | €2k | €2k | ▼ 33.3% |
| Plant, machinery and equipment23 | €22k | €18k | €12k | €6k | €3k | ▼ 49.9% |
| Furniture and vehicles24 | €25k | €109k | €85k | €83k | €168k | ▲ 101% |
| Financial fixed assets28 | - | - | - | - | €233k | - |
| Current assets29/58 | €147k | €94k | €171k | €203k | €225k | ▲ 11.2% |
| Amounts receivable after more than one year29 | - | - | - | - | €6k | - |
| Other amounts receivable291 | - | - | - | - | €6k | - |
| Amounts receivable within one year40/41 | €36k | €41k | €33k | €37k | €53k | ▲ 43.6% |
| Trade receivables40 | €36k | €38k | €33k | €37k | €48k | ▲ 29.8% |
| Other amounts receivable41 | €2 | €3k | - | - | €5k | - |
| Cash at bank and in hand54/58 | €110k | €52k | €135k | €163k | €163k | = |
| Deferred charges and accrued income490/1 | €600 | €594 | €3k | €3k | €4k | ▲ 23.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €198k | €225k | €272k | €294k | €630k | ▲ 114% |
| Equity10/15 | €174k | €208k | €254k | €285k | €332k | ▲ 16.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Reserves13 | €2k | €36k | €231k | €262k | €310k | ▲ 17.9% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Legal reserve130 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €34k | €231k | €262k | €310k | ▲ 17.9% |
| Profit (loss) carried forward14 | €153k | €153k | €3k | €3k | €3k | = |
| Amounts payable17/49 | €24k | €17k | €18k | €10k | €298k | ▲ 3,015% |
| Amounts payable after more than one year17 | €10k | - | - | - | €127k | - |
| Financial debts170/4 | €10k | - | - | - | €127k | - |
| Amounts payable within one year42/48 | €14k | €17k | €18k | €10k | €171k | ▲ 1,685% |
| Current portion of amounts payable after more than one year42 | - | €5k | - | - | €20k | - |
| Trade debts44 | €5k | €6k | €3k | €2k | €141k | ▲ 5,764% |
| Suppliers440/4 | €5k | €6k | €3k | €2k | €141k | ▲ 5,764% |
| Taxes, remuneration and social security45 | €5k | €3k | €14k | €6k | €10k | ▲ 57.1% |
| Taxes450/3 | €5k | €3k | €14k | €6k | €10k | ▲ 57.1% |
| Other amounts payable47/48 | €5k | €4k | €447 | €1k | €1k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60k | €34k | €46k | €31k | €47k | ▲ 51.6% |
| + Depreciation and write-downs630 | €15k | €16k | €31k | €34k | €33k | ▼ 3.1% |
| Operating cash flow (approximation) | €75k | €49k | €77k | €65k | €80k | ▲ 23.2% |
| Investment in fixed assets (approximation) | - | €-95k | €0 | €-25k | €-346k | ▼ 1,271% |
| Change in cash | - | €-58k | €83k | €27k | €42 | ▼ 99.8% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 21.17
Current ratio from 9.56 to 21.17; short-term debt falls from €18k to €10k.
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Equity above €200kEq €208k ▲19.3%
5 profitable years in a row build equity to €208k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €60k ▲166%
Net result €60k, the highest in the series.
31-12
Financial
Equity above €150kEq €174k ▲52.8%
4 profitable years in a row build equity to €174k.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 14.25
Current ratio from 4.01 to 14.25; short-term debt falls from €16k to €13k.
31-12
Financial
Equity above €100kEq €114k ▲24.8%
3 profitable years in a row build equity to €114k.
Show earlier events
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
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 3 acts read
About the unread acts
We know of 3 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
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, De Haan · 1 establishment unit since 2000
Ground area
5,823 m²
Building footprint
560 m²
Volume, LiDAR
2,981 m³
Parcel 35007C0112/00G000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
RSCONSTRUCT
since 20002.066.377.538
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35007C0112/00G000 | Flanders | 5,823 m² | 1 · 560 m² | 10.6 m · 2 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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MASTEEL
BE 0766.507.361
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,571. 1,705 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
Founded01-04-1994
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
47540Retail sale of electrical household appliances
47552Retail sale of lighting equipment
Scores and ratios are computed by Checked and are not a credit decision.