R.E.D.
Annual accounts 2025
micro format, filed on 20-05-2026, 72 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €690,262 on 31-12-2025in euro
in euro
Position in the sector
-26.9%
Higher than 9% of 17,190 companies in 2025.
0.08
Higher than 10% of 16,487 companies in 2025.
-13.9%
Higher than 8% of 16,866 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
690,262 | 781,846 | 740,867 | 164,495 | 300,934 | 584,043 | |
21/28 |
681,667 | 719,000 | 732,500 | - | 294,249 | 539,588 | |
22/27 |
681,667 | 719,000 | 732,500 | - | 294,249 | 539,588 | |
22 |
672,500 | 702,500 | 732,500 | - | 291,981 | 538,306 | |
23 |
- | - | - | - | 1,191 | 1,282 | |
24 |
9,167 | 16,500 | - | - | 1,077 | - | |
29/58 |
8,595 | 62,846 | 8,367 | 164,495 | 6,685 | 44,455 | |
40/41 |
1,388 | 5,020 | 3,462 | 4,243 | 5,834 | 3,588 | |
40 |
- | - | - | - | 5,819 | - | |
41 |
1,388 | 5,020 | 3,462 | 4,243 | 15 | 3,588 | |
54/58 |
7,207 | 57,826 | 4,905 | 160,253 | 851 | 40,209 | |
490/1 |
- | - | - | - | - | 658 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
690,262 | 781,846 | 740,867 | 164,495 | 300,934 | 584,043 | |
10/15 |
-185,955 | -90,066 | -523 | 110,423 | 92,375 | 72,704 | |
10/11 |
84,000 | 84,000 | 84,000 | 84,000 | 84,000 | 84,000 | |
10 |
84,000 | 84,000 | 84,000 | 84,000 | 84,000 | - | |
100 |
84,000 | 84,000 | 84,000 | 84,000 | 84,000 | 84,000 | |
13 |
10,978 | 10,978 | 10,978 | 10,978 | 8,375 | - | |
130/1 |
3,021 | 3,021 | 3,021 | 3,021 | 419 | - | |
130 |
3,021 | 3,021 | 3,021 | 3,021 | 419 | - | |
133 |
7,956 | 7,956 | 7,956 | 7,956 | 7,956 | - | |
14 |
-280,933 | -185,044 | -95,500 | 15,446 | - | -11,296 | |
17/49 |
876,217 | 871,912 | 741,389 | 54,072 | 208,559 | 511,339 | |
17 |
767,174 | 744,830 | 711,055 | - | 140,625 | 480,692 | |
170/4 |
767,174 | 744,830 | 711,055 | - | 140,625 | 479,492 | |
178/9 |
- | - | - | - | - | 1,200 | |
42/48 |
109,042 | 126,546 | 30,335 | 51,982 | 66,327 | 30,582 | |
42 |
105,000 | 110,000 | 20,000 | - | 9,375 | - | |
43 |
- | - | - | - | - | 23,753 | |
430/8 |
- | - | - | - | - | 23,753 | |
44 |
908 | 11,852 | 5,340 | 6,478 | 51,531 | - | |
440/4 |
908 | 11,852 | 5,340 | 6,478 | 51,531 | - | |
46 |
- | - | - | 1,256 | - | - | |
45 |
445 | 445 | 445 | 4,946 | 2,798 | 5,215 | |
450/3 |
445 | 445 | 445 | 4,946 | 2,798 | 5,215 | |
47/48 |
2,690 | 4,250 | 4,550 | 39,303 | 2,623 | 1,613 | |
492/3 |
- | 536 | - | 2,090 | 1,607 | 66 | |
| Income statement | |||||||
76A |
- | - | - | 189,827 | 99,745 | - | |
9900 |
-35,980 | -19,070 | -93,074 | 61,507 | 42,214 | 22,172 | |
630 |
37,333 | 35,500 | 17,500 | 2,268 | 9,869 | 19,851 | |
640/8 |
- | 41 | - | 100 | 1,542 | 5,910 | |
9901 |
-73,313 | -54,611 | -110,574 | 59,139 | 30,804 | -3,590 | |
75/76B |
- | 2 | - | 42 | 1 | - | |
75 |
- | 2 | - | 42 | 1 | - | |
65/66B |
22,576 | 34,935 | 140 | 2,641 | 8,781 | 7,706 | |
65 |
22,576 | 34,935 | 140 | 2,641 | 8,781 | 7,706 | |
9903 |
-95,889 | -89,544 | -110,714 | 56,539 | 22,025 | -11,296 | |
67/77 |
- | - | 232 | 4,492 | 2,353 | - | |
9904 |
-95,889 | -89,544 | -110,946 | 52,048 | 19,671 | -11,296 | |
9905 |
-95,889 | -89,544 | -110,946 | 52,048 | 19,671 | -11,296 | |
| Appropriation of the result | |||||||
9906 |
-280,933 | -185,044 | -95,500 | 52,048 | 8,375 | -11,296 | |
14P |
-185,044 | -95,500 | 15,446 | - | -11,296 | - | |
691/2 |
- | - | - | 2,602 | 8,375 | - | |
6920 |
- | - | - | 2,602 | 419 | - | |
6921 |
- | - | - | - | 7,956 | - | |
694/7 |
- | - | - | 34,000 | - | - | |
695 |
- | - | - | 34,000 | - | - | |
| Document | |||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 20-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-05-2026 | 2026-00115143 | |
| 31-12-2024 | micro format | 05-06-2025 | 2025-00119689 | |
| 31-12-2023 | micro format | 17-07-2024 | 2024-00252783 | |
| 31-12-2022 | micro format | 10-05-2023 | 2023-00084281 | |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20135076 | |
| 31-12-2020 | micro format | 07-07-2021 | 2021-31600553 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| -35,980 | -19,111 | -93,074 | 61,407 | 40,673 | 16,262 | ||
| -58,556 | -54,044 | -93,446 | 54,316 | 29,540 | 8,555 | ||
| 0 | 22,000 | 750,000 | -291,981 | 1,384 | 559,439 | ||
| -50,619 | 52,921 | -155,348 | 159,401 | -39,358 | - | ||
| -100,448 | -63,701 | -21,968 | 112,513 | -59,642 | 13,873 | ||
| -26.9% | -11.5% | -0.1% | 67.1% | 30.7% | 12.4% | ||
| 0.08 | 0.50 | 0.28 | 3.16 | 0.10 | 1.45 | ||
| - | - | - | 0.49 | 2.26 | 7.03 | ||
| - | - | - | 47.1% | 21.3% | -15.5% | ||
| -13.9% | -11.5% | -15.0% | 31.6% | 6.5% | -1.9% | ||
| -1.59 | -0.55 | -664.76 | 23.25 | 4.63 | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | - | - | - | €27,500 |
| - | - | - | - | €401,500 | |
| Carrying value of the mortgaged assets | - | - | - | - | €291,981 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €22,000 | €750,000 | - | €1,384 |
| €37,333 | €35,500 | €17,500 | €2,268 | €9,869 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on R.E.D.
The operating result for 2025 is a loss of €73,313, larger than the loss of €54,611 in 2024.
Equity is negative. Debt (€876,217) exceeds the balance-sheet total (€690,262).