How are these walls reinforced? Typically you need rebar in a concrete structure to prevent it to becoming ruble - especially in area that has any seismic activity.
This, 100%. From the images, it looks like they are building 0.5-1m thick walls with internal structure that emulate the structure of cinder blocks (maybe 30% infill). They are also embedding some thin wire as they lay the concrete, but I don't see how that's going to do much, especially since it's not affixed in any way to the other layers. For a three story house, as shown in their renderings, that seems somewhat suspect. Maybe the Netherlands have loose building codes.
"Even if you're on the right track, you'll get run over if you just sit there." -- Will Rogers