be.RED
ActiveSummary
be.RED has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €113,591 and a net result of €1,958. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 24% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+1
Solvency49▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.8 in 2024; short-term debt: 36.1% and cash: 2.7% of total assets), and 76.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
23.9%
Return on assets
0.4%
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 24% of 9537 sector peers (2025).
NBB · sector comparisonPosition among 9537 sector peers
Solvency
better than 24%
← 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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
42 d early
2023
63 d early
2022
53 d early
2021
41 d early
2020
58 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€113,591▲ 1.8%
2024 · €111,633
Total assets
€474,483▲ 9.0%
2024 · €435,348
Net result
€1,958▼ 35.0%
2024 · €3,014
Working capital
-€45,652▼ 87.8%
2024 · -€24,305
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,989▼ 67.6%€9,044▲ 51.0%€21,523▲ 138%€8,528▼ 60.4%€14,107▲ 65.4%
Net result€1,160▼ 88.6%€4,546▲ 292%€14,386▲ 216%€3,014▼ 79.0%€1,958▼ 35.0%
Equity€89,687▲ 8.9%€94,232▲ 5.1%€108,619▲ 15.3%€111,633▲ 2.8%€113,591▲ 1.8%
Total assets€175,724▼ 3.9%€171,172▼ 2.6%€182,622▲ 6.7%€435,348▲ 138%€474,483▲ 9.0%
Debt€86,038▼ 14.4%€76,939▼ 10.6%€74,004▼ 3.8%€323,716▲ 337%€360,891▲ 11.5%
Working capital€83,643▲ 50.0%€78,568▼ 6.1%€93,308▲ 18.8%-€24,305-€45,652▼ 87.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 65% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €474,483
Fixed assets
€349,004 ▲ 3.6%
Current assets
€125,479 ▲ 27.5%
Equity and liabilities €474,483
Equity
€113,591 ▲ 1.8%
Debt
€360,891 ▲ 11.5%
Debt's share of the balance-sheet total rises from 74.4% to 76.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30,390▲
2024 · €12,530
Cash flow
€18,242▲
2024 · €7,016
Current ratio
0.73▼
2024 · 0.80
Debt to equity
3.18▲
2024 · 2.90
ROE
1.7%▼
2024 · 2.7%
ROA
0.4%▼
2024 · 0.7%
Interest coverage
2.08▲
2024 · 2.01
Debt ≤ 1 year
€171,131▲
2024 · €122,757
Debt > 1 year
€189,760▼
2024 · €200,958
Income taxes
€1,470▼
2024 · €1,941
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,098 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,098 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,817 | €367 | €367 | €4,002 | €16,283 | ▲ 307% |
| Other operating charges640/8 | €1,005 | €797 | €1,134 | €996 | €3,783 | ▲ 280% |
| Non-recurring operating charges66A | - | - | €207 | €135 | €0 | ▼ 100% |
| Gross operating margin9900 | €33,810 | €10,207 | €23,230 | €13,661 | €34,172 | ▲ 150% |
| Operating profit (loss)9901 | €5,989 | €9,044 | €21,523 | €8,528 | €14,107 | ▲ 65.4% |
| Financial income75/76B | €0 | €551 | €1,459 | €2,652 | €3,963 | ▲ 49.5% |
| Recurring financial income75 | €0 | €551 | €1,459 | €2,652 | €3,963 | ▲ 49.5% |
| Financial charges65/66B | €3,552 | €3,055 | €3,900 | €6,225 | €14,641 | ▲ 135% |
| Recurring financial charges65 | €3,552 | €3,055 | €3,900 | €6,225 | €14,641 | ▲ 135% |
| Profit (loss) for the period before taxes9903 | €2,437 | €6,540 | €19,083 | €4,955 | €3,429 | ▼ 30.8% |
| Income taxes67/77 | €1,277 | €1,994 | €4,696 | €1,941 | €1,470 | ▼ 24.3% |
| Profit (loss) for the period9904 | €1,160 | €4,546 | €14,386 | €3,014 | €1,958 | ▼ 35.0% |
| Profit (loss) for the period to be appropriated9905 | €1,160 | €4,546 | €14,386 | €3,014 | €1,958 | ▼ 35.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €175,724 | €171,172 | €182,622 | €435,348 | €474,483 | ▲ 9.0% |
| Fixed assets21/28 | €6,044 | €15,677 | €15,311 | €336,896 | €349,004 | ▲ 3.6% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €6,044 | €5,677 | €5,311 | €326,896 | €339,004 | ▲ 3.7% |
| Land and buildings22 | €5,280 | €5,097 | €4,914 | €317,118 | €322,476 | ▲ 1.7% |
| Plant, machinery and equipment23 | - | - | - | - | €798 | - |
| Furniture and vehicles24 | €763 | €580 | €397 | €9,778 | €15,730 | ▲ 60.9% |
| Financial fixed assets28 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Current assets29/58 | €169,681 | €155,495 | €167,312 | €98,453 | €125,479 | ▲ 27.5% |
| Amounts receivable after more than one year29 | - | €25,551 | €27,008 | €29,174 | €97,817 | ▲ 235% |
| Other amounts receivable291 | - | €25,551 | €27,008 | €29,174 | €97,817 | ▲ 235% |
| Amounts receivable within one year40/41 | €23,290 | €94,197 | €70,872 | €29,831 | €13,732 | ▼ 54.0% |
| Trade receivables40 | €8,674 | €85,465 | €70,568 | €25,943 | €7,101 | ▼ 72.6% |
| Other amounts receivable41 | €14,615 | €8,732 | €304 | €3,888 | €6,631 | ▲ 70.6% |
| Cash at bank and in hand54/58 | €144,180 | €30,851 | €67,587 | €36,823 | €12,812 | ▼ 65.2% |
| Deferred charges and accrued income490/1 | €2,211 | €4,896 | €1,845 | €2,625 | €1,118 | ▼ 57.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €175,724 | €171,172 | €182,622 | €435,348 | €474,483 | ▲ 9.0% |
| Equity10/15 | €89,687 | €94,232 | €108,619 | €111,633 | €113,591 | ▲ 1.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €34,011 | €34,011 | €34,011 | €34,011 | €34,011 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €32,151 | €32,151 | €32,151 | €32,151 | €32,151 | = |
| Profit (loss) carried forward14 | €37,075 | €41,621 | €56,007 | €59,022 | €60,980 | ▲ 3.3% |
| Amounts payable17/49 | €86,038 | €76,939 | €74,004 | €323,716 | €360,891 | ▲ 11.5% |
| Amounts payable after more than one year17 | - | - | - | €200,958 | €189,760 | ▼ 5.6% |
| Financial debts170/4 | - | - | - | €200,958 | €189,760 | ▼ 5.6% |
| Amounts payable within one year42/48 | €86,038 | €76,927 | €74,004 | €122,757 | €171,131 | ▲ 39.4% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | €9,042 | €11,198 | ▲ 23.8% |
| Trade debts44 | €3,365 | €4,286 | €1,322 | €4,090 | €30,964 | ▲ 657% |
| Suppliers440/4 | €3,365 | €4,286 | €1,322 | €4,090 | €30,964 | ▲ 657% |
| Taxes, remuneration and social security45 | €1,009 | €4,495 | €10,751 | €1,398 | €2,191 | ▲ 56.8% |
| Taxes450/3 | €1,009 | €4,495 | €10,751 | €1,398 | €2,191 | ▲ 56.8% |
| Other amounts payable47/48 | €81,663 | €68,146 | €61,931 | €108,228 | €126,778 | ▲ 17.1% |
| Accrued charges and deferred income492/3 | - | €13 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,160 | €4,546 | €14,386 | €3,014 | €1,958 | ▼ 35.0% |
| + Depreciation and write-downs630 | €26,817 | €367 | €367 | €4,002 | €16,283 | ▲ 307% |
| Operating cash flow (approximation) | €27,977 | €4,913 | €14,753 | €7,016 | €18,242 | ▲ 160% |
| Investment in fixed assets (approximation) | - | -€10,000 | €0 | -€325,587 | -€28,391 | ▲ 91.3% |
| Change in cash | - | -€113,328 | €36,736 | -€30,764 | -€24,011 | ▲ 21.9% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €108,619 ▲15.3%
6 profitable years in a row build equity to €108,619.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €1,160 ▼88.6%
Net result drops to €1,160, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €25,651 ▲241%
Operating result €36,629, net result €25,651, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
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, Chaudfontaine · 1 establishment unit since 2016
Ground area
2,444 m²
Building footprint
120 m²
Volume, LiDAR
554 m³
Parcel 62022E0369/00A007, Wallonia · tallest building 16.5 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
be.RED
since 20162.249.894.214
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62022E0369/00A007 | Wallonia | 2,444 m² | 1 · 120 m² | 16.5 m · 1 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
50%
-
25%
According to the 2025 annual accounts of be.RED and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,248 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
Founded01-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
41001General construction of residential buildings
68121Development of residential building projects
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0647682460
Also
9925:BE0647682460
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.