GLOBAL REX 2
ActiveSummary
GLOBAL REX 2 has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-322k) and a net result of €-276k. Equity is shrinking by ~198.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-23
Solvency0▼-23
Growth32=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69 against 2.48 in 2024; short-term debt: 145.8% and cash: 22.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-79.1%
Return on assets
-67.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-322k
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 06-07-2026, 25 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
25 d early
2024
28 d early
2023
6 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, abbreviated schema
Equity
€-322k▼ 600%
2024 · €-46k
2023: €109khighest in 3 years
2024: €-46k▼ -142% vs 2023
2025: €-322k▼ -600% vs 2024lowest in 3 years
2023 → 2025
Total assets
€407k▼ 84.8%
2024 · €2.67M
2023: €2.50M
2024: €2.67M▲ +7.0% vs 2023highest in 3 years
2025: €407k▼ -84.8% vs 2024lowest in 3 years
2023 → 2025
Net result
€-276k▼ 78.4%
2024 · €-155k
2023: €-92khighest in 3 years
2024: €-155k▼ -67.6% vs 2023
2025: €-276k▼ -78.4% vs 2024lowest in 3 years
2023 → 2025
Working capital
€-186k
2024 · €1.59M
2023: €1.71Mhighest in 3 years
2024: €1.59M▼ -6.8% vs 2023
2025: €-186k▼ -112% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€109k-€-46k€-322k▼ 600%
2023: €109khighest in 3 years
2024: €-46k▼ -142% vs 2023
2025: €-322k▼ -600% vs 2024lowest in 3 years
Operating result€-16k-€-38k▼ 136%€-189k▼ 402%
2023: €-16khighest in 3 years
2024: €-38k▼ -136% vs 2023
2025: €-189k▼ -402% vs 2024lowest in 3 years
Net result€-92k-€-155k▼ 67.6%€-276k▼ 78.4%
2023: €-92khighest in 3 years
2024: €-155k▼ -67.6% vs 2023
2025: €-276k▼ -78.4% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €189k in 2025 against €38k in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Solvency
-79.1%▼
2024 · -1.7%
Current ratio
0.69▼
2024 · 2.48
Debt to equity
-2.26▲
2024 · -59.09
ROA
-67.8%▼
2024 · -5.8%
Debt
€729k▼
2024 · €2.72M
Debt ≤ 1 year
€593k▼
2024 · €1.08M
Debt > 1 year
€0▼
2024 · €1.55M
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.67M€407k▼
Current assets29/58€2.67M€407k▼
Stocks and contracts in progress3€2.34M€0▼
Stocks30/36€2.34M€0▼
Amounts receivable within one year40/41€299k€276k▼
Trade receivables40€7k€0▼
Other amounts receivable41€292k€276k▼
Cash at bank and in hand54/58€6k€93k▲
Deferred charges and accrued income490/1€29k€38k▲
Equity and liabilities
Total equity and liabilities10/49€2.67M€407k▼
Equity10/15€-46k€-322k▼
Contributions10/11€201k€201k=
Profit (loss) carried forward14€-247k€-523k▼
Amounts payable17/49€2.72M€729k▼
Amounts payable after more than one year17€1.55M€0▼
Financial debts170/4€1.55M€0▼
Amounts payable within one year42/48€1.08M€593k▼
Trade debts44€12k€30k▲
Suppliers440/4€12k€30k▲
Taxes, remuneration and social security45-€11k
Taxes450/3-€11k
Other amounts payable47/48€1.07M€552k▼
Accrued charges and deferred income492/3€89k€136k▲
Income statement
Code20242025
Other operating charges640/8€14k€56k▲
Gross operating margin9900€-23k€-134k▼
Operating profit (loss)9901€-38k€-189k▼
Financial income75/76B€16k€14k▼
Recurring financial income75€16k€14k▼
Financial charges65/66B€134k€101k▼
Recurring financial charges65€134k€101k▼
Profit (loss) for the period before taxes9903€-155k€-276k▼
Profit (loss) for the period9904€-155k€-276k▼
Profit (loss) for the period to be appropriated9905€-155k€-276k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-247k€-523k▼
Profit (loss) brought forward from the previous period14P€-92k€-247k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €9k | €14k | €56k | ▲ 287% |
| Gross operating margin9900 | €-7k | €-23k | €-134k | ▼ 473% |
| Operating profit (loss)9901 | €-16k | €-38k | €-189k | ▼ 402% |
| Financial income75/76B | €8k | €16k | €14k | ▼ 13.9% |
| Recurring financial income75 | €8k | €16k | €14k | ▼ 13.9% |
| Financial charges65/66B | €84k | €134k | €101k | ▼ 24.5% |
| Recurring financial charges65 | €84k | €134k | €101k | ▼ 24.5% |
| Profit (loss) for the period before taxes9903 | €-92k | €-155k | €-276k | ▼ 78.4% |
| Profit (loss) for the period9904 | €-92k | €-155k | €-276k | ▼ 78.4% |
| Profit (loss) for the period to be appropriated9905 | €-92k | €-155k | €-276k | ▼ 78.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2.50M | €2.67M | €407k | ▼ 84.8% |
| Current assets29/58 | €2.50M | €2.67M | €407k | ▼ 84.8% |
| Stocks and contracts in progress3 | €2.16M | €2.34M | €0 | ▼ 100% |
| Stocks30/36 | €2.16M | €2.34M | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €330k | €299k | €276k | ▼ 7.8% |
| Trade receivables40 | - | €7k | €0 | ▼ 100% |
| Other amounts receivable41 | €330k | €292k | €276k | ▼ 5.5% |
| Cash at bank and in hand54/58 | €2k | €6k | €93k | ▲ 1,395% |
| Deferred charges and accrued income490/1 | €8k | €29k | €38k | ▲ 29.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2.50M | €2.67M | €407k | ▼ 84.8% |
| Equity10/15 | €109k | €-46k | €-322k | ▼ 600% |
| Contributions10/11 | €201k | €201k | €201k | = |
| Profit (loss) carried forward14 | €-92k | €-247k | €-523k | ▼ 112% |
| Amounts payable17/49 | €2.39M | €2.72M | €729k | ▼ 73.2% |
| Amounts payable after more than one year17 | €1.54M | €1.55M | €0 | ▼ 100% |
| Financial debts170/4 | €1.54M | €1.55M | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €786k | €1.08M | €593k | ▼ 45.0% |
| Trade debts44 | €16k | €12k | €30k | ▲ 144% |
| Suppliers440/4 | €16k | €12k | €30k | ▲ 144% |
| Taxes, remuneration and social security45 | - | - | €11k | - |
| Taxes450/3 | - | - | €11k | - |
| Other amounts payable47/48 | €770k | €1.07M | €552k | ▼ 48.2% |
| Accrued charges and deferred income492/3 | €61k | €89k | €136k | ▲ 51.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-92k | €-155k | €-276k | ▼ 78.4% |
| Operating cash flow (approximation) | €-92k | €-155k | €-276k | ▼ 78.4% |
| Change in cash | - | €4k | €87k | ▲ 2,093% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-276k
Net result drops to €-276k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Oostkamp
Ground area
10.4 ha
Building footprint
312 m²
Volume, LiDAR
2,521 m³
Parcel 31403F0109/00G000, Flanders · tallest building 28.8 m, ±2 floors. Linked by address, not a title deed.
52
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31403F0109/00G000 | Flanders | 10.4 ha | 1 · 312 m² | 28.8 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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VESTIMO-CONSTRUCT
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MBC
BE 0770.458.132
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,318 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
Founded21-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.