ACTIVE

R&D -CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

19,6 k €

+1296.4% YoY

Gross margin

27,9 k €

+285.1% YoY

Equity

41,8 k €

+88.0% YoY

What does R&D -CONSTRUCT do?

R&D -CONSTRUCT is a Private company with limited liability incorporated in 2009. Its main activity is: Joinery installation. Its registered office is in Eeklo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0810.761.929

Incorporation

30/03/2009

Legal form

Private company with limited liability

Registered office

Vrombautstraat 107 box c
9900 Eeklo · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

43320Joinery installation· main 43320Joinery installation

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	27,9 k €	+285%	7,3 k €	+123%	-31,8 k €	-195%	33,4 k €	+122%	15,1 k €	+400%	3 k €	-79.3%	14,6 k €	-63.4%	39,8 k €	+11.4%	35,8 k €	-8.8%	39,2 k €	-19.4%	48,7 k €	+2.5%	47,5 k €	+195%	16,1 k €	-55.8%	36,4 k €	+15.3%	31,6 k €	-32.3%	46,6 k €	+192%	16 k €
EBITDA	25,8 k €	+635%	3,5 k €	+110%	-33,9 k €	-219%	28,4 k €	+121%	12,8 k €	+2372%	519,6 €	-95.9%	12,8 k €	+6.1%	12 k €	+129%	5,3 k €	-3.0%	5,4 k €	-78.0%	24,6 k €	+3.9%	23,7 k €	+374%	-8,7 k €	-162%	13,9 k €	+89.0%	7,4 k €	-74.4%	28,9 k €	+1189%	2,2 k €
Operating result	23,5 k €	+1176%	1,8 k €	+105%	-35,7 k €	-227%	28 k €	+150%	11,2 k €	+1100%	-1,1 k €	-110%	11 k €	+14.8%	9,5 k €	+287%	2,5 k €	+590%	-503,2 €	-103%	16,9 k €	+13.1%	14,9 k €	+185%	-17,5 k €	-367%	6,6 k €	+92.5%	3,4 k €	-85.9%	24,1 k €	+1814%	1,3 k €
Net result	19,6 k €	+1296%	-1,6 k €	+96.4%	-45,6 k €	-280%	25,3 k €	+482%	4,3 k €	+211%	-3,9 k €	-194%	4,2 k €	-28.1%	5,8 k €	+193%	-6,2 k €	+3.6%	-6,5 k €	-168%	9,5 k €	-40.9%	16,1 k €	+193%	-17,2 k €	-1754%	1 k €	+116%	-6,6 k €	-128%	23,9 k €	+1881%	1,2 k €
Balance sheet
Equity	41,8 k €	+88.0%	22,2 k €	-6.8%	23,9 k €	-65.6%	69,4 k €	+57.3%	44,1 k €	+10.9%	39,8 k €	-8.9%	43,7 k €	+10.5%	39,5 k €	+17.2%	33,7 k €	-15.6%	40 k €	-13.9%	46,4 k €	+25.8%	36,9 k €	+77.2%	20,8 k €	-45.3%	38,1 k €	+2.8%	37 k €	-1.2%	37,5 k €	+175%	13,6 k €
Total assets	116,6 k €	+28.1%	91 k €	+6.5%	85,4 k €	-28.9%	120,2 k €	+1.5%	118,4 k €	+20.0%	98,7 k €	-16.5%	118,2 k €	+6.3%	111,2 k €	+5.8%	105,1 k €	-41.6%	180 k €	+7.3%	167,7 k €	+51.2%	110,9 k €	+0.4%	110,5 k €	+1.2%	109,2 k €	+30.2%	83,9 k €	+43.4%	58,5 k €	+265%	16 k €
Cash	2,3 k €	+6826%	33,6 €	-96.7%	1 k €	-77.3%	4,5 k €	-56.3%	10,2 k €	+1365%	697,6 €	+102%	345,5 €	+206%	112,9 €	-95.2%	2,3 k €	-87.8%	19,1 k €	+16.4%	16,4 k €	+5397%	299,2 €	+149%	119,9 €	-31.4%	174,8 €	-94.6%	3,2 k €	+28.8%	2,5 k €	-55.3%	5,6 k €
Debts	58,9 k €	-5.6%	62,4 k €	+1.5%	61,5 k €	+22.4%	50,2 k €	-31.4%	73,3 k €	+24.7%	58,7 k €	-6.5%	62,8 k €	-12.3%	71,7 k €	+12.6%	63,7 k €	-47.6%	121,6 k €	+47.1%	82,6 k €	+14.7%	72 k €	-18.6%	88,4 k €	+24.9%	70,8 k €	+51.2%	46,8 k €	+123%	21 k €	+769%	2,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

David Moens

Andere functie

Active

Ended mandates

Franky Moens

Manager · since 24 mars 2009

Ended

Marc De Troyer

Manager · since 24 mars 2009 · until 16 juillet 2009

Ended

Franky Moens

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/08/2026	26/09/2025	26/07/2024	11/08/2023	09/08/2022	11/08/2021
General meeting	05/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	04/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	05/06/2026	10/08/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	26/09/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	26/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	11/08/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	09/08/2022	Dutch	PDF
Micro model	31/12/2020	04/06/2021	11/08/2021	Dutch	PDF
Micro model	31/12/2019	01/12/2020	22/12/2020	Dutch	PDF
Micro model	31/12/2018	30/06/2019	07/08/2019	Dutch	PDF
Micro model	31/12/2017	01/06/2018	09/08/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	07/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	16/03/2017	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	27/09/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	25/08/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	26/08/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

David Moens

Andere functie

Active

Ended mandates

Franky Moens

Manager · since 24 mars 2009

Ended

Marc De Troyer

Manager · since 24 mars 2009 · until 16 juillet 2009

Ended

Franky Moens

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202519,6 k €↑
2024
Annual accounts 2024-1,6 k €↑
2023
Annual accounts 2023-45,6 k €↓
2022
Annual accounts 202225,3 k €↑
2021
Annual accounts 20214,3 k €↑
2020
Annual accounts 2020-3,9 k €↓
2019
Annual accounts 20194,2 k €↓
2018
Annual accounts 20185,8 k €↑
2017
Annual accounts 2017-6,2 k €↑
2016
Annual accounts 2016-6,5 k €↓
2015
Annual accounts 20159,5 k €↓
2014
Annual accounts 201416,1 k €↑
2013
Annual accounts 2013-17,2 k €↓
2012
Annual accounts 20121 k €↑
2011
Annual accounts 2011-6,6 k €↓
2010
Annual accounts 201023,9 k €↑
2009
Annual accounts 20091,2 k €
30/03/2009
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

R&D -CONSTRUCT

Overview

What does R&D -CONSTRUCT do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline