REITZER IMMO
ActiveSummary
REITZER IMMO has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €381,506 and a net result of €112,697. Its solvency ranks better than 25% of 9,898 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-09-2023 Normal situation
- Activity
- Other construction installation NACE 43240and 1 other
- Joint committee
- 201 Paritair Comité voor de zelfstandige kleinhandel · annual accounts 2025
- Establishment unit
- 2.352.975.223 2018 Antwerpen, since 14-09-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 26-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.5%
Annual accounts 2025
- Gross margin
- €303,886
- ▼ 2.9%
- Turnover
- ≈ €800,000
- estimated
- Profit
- €112,697
- ▼ 56.5%
- Equity
- €381,506
- ▲ 41.9%
- Total assets
- €1.6m
- ▲ 19.5%
- Employees on 31-12-2025
- 6
- ▼ 14.3%
- 2025 accounts filed 14 days after the deadline
Score breakdownraises riskFounded in 2023Sector: Specialised construction activities (NACE 43)Liquidity: current ratio 1.04, cash €69,480lowers riskFigures for financial year 2025 (filed on 14-08-2026)Show the evidence
Checked score
Score 2025
63
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 39% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Average
Solvency
49+4
equity 23.9% of total assets
Liquidity
36-3
short-term debt 40.8% · cash 4.4%
Profitability
52-41
return on assets 7.1%
Bankruptcy probability within 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 2.4%▲ +0.4 percentage points vs 12-2024
02-2025: 2.4%● unchanged vs 01-2025
03-2025: 2.7%▲ +0.3 percentage points vs 02-2025
04-2025: 3.0%▲ +0.3 percentage points vs 03-2025
05-2025: 3.0%● unchanged vs 04-2025
06-2025: 2.4%▼ -0.6 percentage points vs 05-2025
07-2025: 2.4%● unchanged vs 06-2025
08-2025: 2.4%● unchanged vs 07-2025
09-2025: 2.5%▲ +0.1 percentage points vs 08-2025
10-2025: 2.4%▼ -0.1 percentage points vs 09-2025
11-2025: 2.4%● unchanged vs 10-2025
12-2025: 2.4%● unchanged vs 11-2025
01-2026: 2.4%● unchanged vs 12-2025
02-2026: 2.4%● unchanged vs 01-2026
03-2026: 2.4%● unchanged vs 02-2026
04-2026: 2.3%▼ -0.1 percentage points vs 03-2026
05-2026: 2.4%▲ +0.1 percentage points vs 04-2026
06-2026: 2.2%▼ -0.2 percentage points vs 05-2026
07-2026: 2.5%▲ +0.3 percentage points vs 06-2026
08-2026: 3.1%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 1.5%▼ -1.6 percentage points vs 08-2026lowest value
10-2026: 1.5%● unchanged vs 09-2026lowest value
11-2026: 1.5%● unchanged vs 10-2026lowest value
Credit of up to €24,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.04 (0.91 in 2024), below the usual 1.5. Short-term debt is 40.8% and cash 4.4% of total assets. 76.1% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 25% of them on solvency, 25% on liquidity, 25% on profitability and 80% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 9898 sector peers (2025).
NBB · sector comparisonPosition among 9898 sector peers
Solvency
better than 25%
← weakest
strongest →
raises risk · 2025 accounts filed 14 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
14 days late
2024
86 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 36 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 14 days after the deadline Filed on 14 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00398084.
Annual accounts 2025 filed on 14-08-2026 at the NBB all 2 filings
Turnover
≈ €800,000
Estimated: probably between €660,000 and €1.0m
Total assets
€1.6m▲ 19.5%
2024 · €1.3m
Net result
€112,697▼ 56.5%
2024 · €258,809
Working capital
€26,909
2024 · -€43,748
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€107,449
▼ 38.4%
2025
20242025
Net result
€112,697
▼ 56.5%
2025
highest quarter of the sector
20242025
Equity
€381,506
▲ 41.9%
2025
middle half of the sector
20242025
Total assets
€1.6m
▲ 19.5%
2025
highest quarter of the sector
20242025
Debt
€1.2m
▲ 13.8%
2025
20242025
Working capital
€26,909
2025
middle half of the sector
20242025
Solvency
23.9%
▲ 3.8pp
2025
lowest quarter of the sector
20242025
Current ratio
1.04
▲ 0.14
2025
lowest quarter of the sector
20242025
Return on assets (ROA)
7.1%
▼ 12.3pp
2025
middle half of the sector
20242025
Staff (FTE)
4.9
▼ 30.0%
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€0.2m-€0.1m▼ 38.4%
Net result€0.3mabove the sector's middle half-€0.1mabove the sector's middle half▼ 56.5%
Equity€0.3mwithin the sector's middle half-€0.4mwithin the sector's middle half▲ 41.9%
Total assets€1.3mwithin the sector's middle half-€1.6mabove the sector's middle half▲ 19.5%
Debt€1.1m-€1.2m▲ 13.8%
Working capital-€0.04mbelow the sector's middle half-€0.03mwithin the sector's middle half
Solvency20.1%below the sector's middle half-23.9%below the sector's middle half▲ 3.8pp
Current ratio0.91below the sector's middle half-1.04below the sector's middle half▲ 0.14
Return on assets (ROA)19.4%above the sector's middle half-7.1%within the sector's middle half▼ 12.3pp
Staff (FTE)7within the sector's middle half-4.9within the sector's middle half▼ 30.0%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 38% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€918,182 ▲ 0.5%
Current assets
€677,524 ▲ 60.5%
Equity and liabilities €1.6m
Equity
€381,506 ▲ 41.9%
Debt
€1.2m ▲ 13.8%
Debt's share of the balance-sheet total falls from 79.9% to 76.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€110,884▼
2024 · €175,059
Cash flow
€116,132▼
2024 · €259,448
Quick ratio
1.04▲
2024 · 0.90
Debt to equity
3.18▼
2024 · 3.97
ROE
29.5%▼
2024 · 96.3%
Interest coverage
2.96▼
2024 · 9.70
Debt ≤ 1 year
€650,615▲
2024 · €465,883
Debt > 1 year
€563,585▼
2024 · €600,934
Income taxes
€18,945▼
2024 · €37,853
Staff costs
€176,471▲
2024 · €132,845
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 7 | 6 |
| full-time | 2 | 2 |
| part-time | 5 | 4 |
| in full-time equivalents | 4.7 | 4.9 |
| Average over the year, in full-time equivalents | 4.7 | 4.9 |
| On a permanent contract | 7 | 6 |
| Joined | 7 | 0 |
| Left | 0 | 1 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €13,880 | €4,492 |
| Intangible fixed assets | - | €3,883 |
| Financial fixed assets | €900,250 | - |
| Depreciation and write-downs of the year | €639 | €3,435 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €132,845 | €176,471 | ▲ 32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €639 | €3,435 | ▲ 437% |
| Other operating charges640/8 | €5,153 | €9,132 | ▲ 77.2% |
| Non-recurring operating charges66A | - | €7,399 | - |
| Gross operating margin9900 | €313,057 | €303,886 | ▼ 2.9% |
| Operating profit (loss)9901 | €174,419 | €107,449 | ▼ 38.4% |
| Financial income75/76B | €140,295 | €61,619 | ▼ 56.1% |
| Recurring financial income75 | €140,295 | €61,619 | ▼ 56.1% |
| Financial charges65/66B | €18,052 | €37,426 | ▲ 107% |
| Recurring financial charges65 | €18,052 | €37,426 | ▲ 107% |
| Profit (loss) for the period before taxes9903 | €296,662 | €131,642 | ▼ 55.6% |
| Income taxes67/77 | €37,853 | €18,945 | ▼ 50.0% |
| Profit (loss) for the period9904 | €258,809 | €112,697 | ▼ 56.5% |
| Profit (loss) for the period to be appropriated9905 | €258,809 | €112,697 | ▼ 56.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.3m | €1.6m | ▲ 19.5% |
| Fixed assets21/28 | €0.9m | €0.9m | ▲ 0.5% |
| Intangible fixed assets21 | - | €0.003m | - |
| Tangible fixed assets22/27 | €0.01m | €0.01m | ▲ 13.2% |
| Plant, machinery and equipment23 | €0.006m | €0.006m | ▲ 9.1% |
| Furniture and vehicles24 | €0.007m | €0.009m | ▲ 16.5% |
| Financial fixed assets28 | €0.9m | €0.9m | = |
| Current assets29/58 | €0.4m | €0.7m | ▲ 60.5% |
| Stocks and contracts in progress3 | €0.004m | €0.004m | = |
| Stocks30/36 | €0.004m | €0.004m | = |
| Amounts receivable within one year40/41 | €0.4m | €0.6m | ▲ 64.0% |
| Trade receivables40 | €0.3m | €0.5m | ▲ 76.7% |
| Other amounts receivable41 | €0.1m | €0.1m | ▲ 28.9% |
| Cash at bank and in hand54/58 | €0.05m | €0.07m | ▲ 32.7% |
| Deferred charges and accrued income490/1 | €0.002m | €0.007m | ▲ 274% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.3m | €1.6m | ▲ 19.5% |
| Equity10/15 | €0.3m | €0.4m | ▲ 41.9% |
| Contributions10/11 | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | €0.3m | €0.4m | ▲ 43.5% |
| Amounts payable17/49 | €1.1m | €1.2m | ▲ 13.8% |
| Amounts payable after more than one year17 | €0.6m | €0.6m | ▼ 6.2% |
| Financial debts170/4 | €0.6m | €0.6m | ▼ 6.2% |
| Amounts payable within one year42/48 | €0.5m | €0.7m | ▲ 39.7% |
| Current portion of amounts payable after more than one year42 | €0.09m | €0.07m | ▼ 22.5% |
| Financial debts43 | €0.06m | €0.02m | ▼ 59.4% |
| Credit institutions430/8 | €0.06m | €0.02m | ▼ 59.4% |
| Trade debts44 | €0.1m | €0.2m | ▲ 25.9% |
| Suppliers440/4 | €0.1m | €0.2m | ▲ 25.9% |
| Advances received on contracts in progress46 | €0.09m | €0.1m | ▲ 41.8% |
| Taxes, remuneration and social security45 | €0.05m | €0.07m | ▲ 38.0% |
| Taxes450/3 | €0.02m | €0.01m | ▼ 43.1% |
| Remuneration and social security454/9 | €0.03m | €0.06m | ▲ 92.0% |
| Other amounts payable47/48 | €0.04m | €0.2m | ▲ 396% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €258,809 | €112,697 | ▼ 56.5% |
| + Depreciation and write-downs630 | €639 | €3,435 | ▲ 437% |
| Operating cash flow (approximation) | €259,448 | €116,132 | ▼ 55.2% |
| Investment in fixed assets (approximation) | - | -€8,125 | - |
| Change in cash | - | €17,107 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director, no change since 2023
Lester REITZER
Current
Director · since 13-09-2023 · term without a fixed end · also on the board of 1 other company · listed in the 2025 annual accounts, filed on 14-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Het bestuursorgaan vertegenwoordigt de vennootschap jegens derden, met inbegrip van de vertegenwoordiging in rechte. Indien er verschillende…”
deed of 18-09-2023Owners and capital
Shareholders
At incorporation
act of 18-09-2023 ↗
- REITZER Lester 100 shares (100%) · €10,000
Capital transactions
Capital over time
- 18-09-2023 Incorporation · €10,000 · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Één of meer bestuurders,al dan niet aandeelhouder, rechtspersoon-bestuurder stelt vaste vertegenwoordiger aan overeenkomstig artikel 2:55…”
Articles of association, deed of 18-09-2023 (in Dutch)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- GAMAsubsidiarySourceown accounts 2025Equity €118,603 Profit of €23,755 in 2025 (profit of €5,892 in 2024) Checked score 83100%
Companies at the same address
3 other companiesConnections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
JOODSE GEMEENTECENTRUM
via Lester REITZER · Director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
14-08
abbreviated format · 14 days late
05-06
Gazette deed
Company renamed from GLAZER to REITZER IMMOPower of attorney4 points ▸
Gazette deed
Company renamed from GLAZER to REITZER IMMO
Power of attorney4 points ▸
- General meeting, 02-06-2026
- Name change, REITZER IMMO
- Other provision, “opdracht tot uitwerking van de nieuwe gecoördineerde tekst van de statuten, neerleggen ter griffie van de ondernemingsrechtbank” (deed in Dutch)
- Power of attorney, REITZER Lester
2025
06-05
abbreviated format · 86 days before the deadline
2023
18-09
Gazette deed
IncorporationStarting capital €10,000 · Appointment: REITZER Lester (director) · Founder7 points ▸
Gazette deed
Incorporation
Starting capital €10,000 · Appointment: REITZER Lester (director) · Founder7 points ▸
- Incorporation, 13-09-2023
- Founder, REITZER Lester
- Founding capital, €10,000
- Capital
- Director appointment, REITZER Lester (director)
- Other provision, “beroepsverbod, geen beroepsverbod uitgesproken” (deed in Dutch)
- Pre-incorporation commitments, “takeover, rechten en verbintenissen uit rechtshandelingen in haar naam en voor haar rekening gesteld voor oprichting” (deed in Dutch)
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
REITZER IMMO in Dutch
Former name
GLAZER until 02-06-2026 · act of 05-06-2026
Enterprise number
0805.845.910
Legal form
Private limited company
Status
Active, normale toestand
Founded
14-09-2023
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 18-09-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, 2018 Antwerpen,Lange Leemstraat 372D”
deed of 18-09-2023 (in Dutch)Registered office and establishments
Registered office
Lange Leemstraat 372D, 2018 Antwerpen, Belgium
Establishment unit
Lange Leemstraat 372D, 2018 Antwerpen since 14-09-2023 · unit number 2.352.975.223
Activities
NACEBEL 2025VAT activities
43240
Other construction installation main activity
43320
Joinery installation
Social security (RSZ) activities
43320
Joinery installation main activity
Codes under NACEBEL 2008
VAT activities
43299
Specialised construction activities main activity
43320
Joinery installation
Social security (RSZ) activities
43320
Joinery installation main activity
Joint committee
201 Paritair Comité voor de zelfstandige kleinhandel annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 18-09-2023 (in Dutch)
“Ontwikkeling van residentiële en niet-residentiële bouwprojecten; Algemene bouw van kantoorgebouwen en van andere niet-residentiële…”
25 activities
- Ontwikkeling van residentiële en niet-residentiële bouwprojecten
- Algemene bouw van kantoorgebouwen en van andere niet-residentiële gebouwen
- Elektrotechnische installatiewerken aan gebouwen,uitgezonderd aan residentiële gebouwen
- Loodgieterswerk
- Installatie van verwarming,klimaatregeling en ventilatie
- Isolatiewerkzaamheden
- Algemene bouwinstallatie
- Stukadoorswerk
- Schrijnwerk
- Plaatsen van vloer- en wandtegels,vloerbedekking en wanbekleding van hout
- Glas zetten
- Vensters plaatsen
- Reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden
- Dak werkzaamheden
- Waterdichtingswerken van muren
- Gevelreiniging
- Bouw van sierschouwen en open haarden
- Uitvoeren van metsel- en voegwerken
- Restaureren van bouwwerken
- Chapewerken
- Reinigen van het interieur van allerlei gebouwen: kantoren,fabrieken,werkplaatsen,allerlei commercieel gebouwen,appartementsgebouwen,enzovoort
- Schilderen en lakwerken
- Ruwbouwwerken
- Coördinatie van projecten
- Ventilatie en verluchtingssystemen
Invoicing and payment
VAT number
BE 0805.845.910
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0805.845.910
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of June at 15:00
deed of 18-09-2023 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
934 m²
Building footprint
934 m²
Building volume
9,683 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11806F1302/00C011 | Flanders | 934 m² | 1 · 934 m² | 13.3 m · 4 |