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R.E.D.

Active Public limited companyfounded 2019active for 6 yearsKamerijkbos 21, 1501 HalleKBO/BCE: BE 0738.728.244

Overview

Lifetime

6 annual accounts with figures on one time axis
peak €61,507 (2022)
-€35,980▼ €16,910
lowest -€110,946 (2023)
-€95,889▼ €6,345
peak €110,423 (2022)
-€185,955▼ €95,889
€876,217▲ 0.5%
Board2 names since 2019
2 directorsBrice VAN OVERSTRAETEN and 1 other
Documentsfilings and deeds
20-05-202672 days before the deadline
2025micro format
Gross margin from -€19,070 to -€35,980Loss of €95,889Equity from -€90,066 to -€185,955Cash from €57,826 to €7,207

Key points

from the 2025 annual accounts

Equity

-€185,955
202020212022202320242025

Debts exceed assets in financial year 2025.

Losses

-€296,378 in three years
-110,9462023-89,5442024-95,8892025

Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.

Debts

€876,217 127% of the balance sheet
Financial debts 88%Suppliers 0%Taxes and wages 0%Other 12%

Of this, €109,042 falls due within a year.

Liquidity

0.08 was 0.50 in 2024

Short-term debts fell from €126,546 to €109,042.

Board

2 joined

New directors. Latest change 17-06-2026 · 2 in office.

Position in the sector

-€95,889

Lower net result than 95% of companies in real estate. Sector median €5,994 · 17,181 companies.

Turnover not published (micro format)

Checked score

53
Fair
Financially stronger than 16% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%

Negative equity caps the score at 59.

Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.1% 01-2025: 1.1%● unchanged vs 12-2024 02-2025: 1.1%● unchanged vs 01-2025 03-2025: 1.1%● unchanged vs 02-2025 04-2025: 1.2%▲ +0.1 percentage points vs 03-2025 05-2025: 1.2%● unchanged vs 04-2025 06-2025: 1.2%● unchanged vs 05-2025 07-2025: 0.9%▼ -0.3 percentage points vs 06-2025 08-2025: 0.9%● unchanged vs 07-2025 09-2025: 0.9%● unchanged vs 08-2025 10-2025: 1.0%▲ +0.1 percentage points vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.1%▲ +0.1 percentage points vs 02-2026 04-2026: 1.2%▲ +0.1 percentage points vs 03-2026 05-2026: 1.1%▼ -0.1 percentage points vs 04-2026 06-2026: 1.7%▲ +0.6 percentage points vs 05-2026 07-2026: 1.7%● unchanged vs 06-2026 08-2026: 1.8%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 1.8%● unchanged vs 08-2026highest value 10-2026: 0.7%▼ -1.1 percentage points vs 09-2026lowest value 11-2026: 0.7%● unchanged vs 10-2026lowest value

Financial strength
Weak

0-13equity -26.9% of total assets
48-7short-term debt 15.8% · cash 1.0%
1-3return on assets -13.9%

Score breakdown

raises risk
Capped at 59: negative equity
Negative equity -€185,955
Loss of €95,889, the second in a row (financial year 2025)
lowers risk
Size: total assets €690,262
Sector: Real estate activities (NACE 68)
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 68, micro). It does better than 5% of them on solvency, 44% on liquidity, 9% on profitability and 5% on growth.

The bankruptcy probability was computed on 09-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 562 companies had the same profile as R.E.D. has now. Each dot stands for 2 companies, two years later.

86.7%
were still trading
4.8%
stopped another way
7.1%
went bankrupt
  • Small
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 1.4% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of R.E.D. itself is lower: 0.7% within 12 months. It rests on far more data about R.E.D. than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 562 companies, not a prediction for R.E.D.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

No credit on open account

Liquidity is insufficient, with a current ratio of 0.08 (0.5 in 2024), below 1. Short-term debt is 15.8% and cash 1% of total assets. Equity is negative.

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 riskneutral
lowers risk · Size: total assets €690,262
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€185,955
NBB · annual accounts
raises risk · Loss of €95,889, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
202122232425
2020 to 2025 · latest year -€185,955
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 20-05-2026, 72 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
72 days early
2024
56 days early
2023
14 days early
2022
82 days early
2021
30 days early
2020
24 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 46 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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. The company usually files around 5 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

Board & ownership

Recent changes

2 directors appointed, 2 reappointments Reappointments: Yannick VAN OVERSTRAETEN and Brice VAN OVERSTRAETEN · Appointments: Yannick VAN OVERSTRAETEN (chair) and Brice VAN OVERSTRAETEN (managing director) · General meeting of 13-05-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0738728244
Registered office moved from Molenbeek-Saint-Jean to Halle New registered office: Kamerijkbos 21, 1501 Halle (Buizingen) · Previous registered office: Sippelberglaan 3, 1080 Sint-Jans-Molenbeek · Board meeting of 21-08-2024 · Gazette deed
First establishment Sippelberglaan 3, Molenbeek-Saint-Jean
All 16 events

Comparable companies

same main activity, similar in size and age
Company
R.E.D. Halle €690,262 -€35,980 -26.9% -
La Croisette Chaumont-Gistoux €658,945 -€19,813 -20.2% -
NLD Schoten €666,666 -€159 -1.7% -
DEMA PROJECTS Ghent €784,965 -€4,425 92.1% -
Renaud de Menten Villers-le-Bouillet €591,096 -€6,846 24.0% -
FAZI GROUP Brussels €719,572 -€116,787 18.4% -
PdN Projects Lubbeek €555,050 -€58,271 -22.0% -

These companies have the same main activity as R.E.D.: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €555,000 and €785,000, founded between 2017 and 2021.

Official details

Source: KBO
Status
Active since 04-12-2019Normal situation
Activity
Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
Establishment unit
2.297.889.7151080 Molenbeek-Saint-Jean, since 16-12-2019
Financial year end
31 December
Peppol
Reachable since 09-11-2025
Company details

Annual accounts 2025

-€35,980▼ 88.7%
€95,889▲ 7.1%
-€185,955▼ 106%
€690,262▼ 11.7%
Filing
Filed on 20-05-2026, 72 days before the end of the filing period
Financials

Insights on R.E.D.

R.E.D. files the micro format. That format states no turnover. The gross margin fell from €22,172 in 2020 to -€35,980 in 2025.

In June 2026, the Official Gazette published the appointment of Brice VAN OVERSTRAETEN as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 20-05-2026, 72 days before the deadline
-€35,980
▼ €16,910
-€73,313
▼ €18,702
-€95,889
▼ €6,345
-€100,448
▼ €36,747
-26.9%
▼ 15.4 percentage points
0.08
▼ 0.42

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €690,262 on 31-12-2025
What the company ownsHow it is paid for

in 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.

R.E.D. Middle half of the sector 80% of the sector Micro accounts in real estate (NACE 68)

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 Trend202520242023202220212020
Balance sheet: assets
20/58 690,262781,846740,867164,495300,934584,043
21/28 681,667719,000732,500-294,249539,588
22/27 681,667719,000732,500-294,249539,588
22 672,500702,500732,500-291,981538,306
23 ----1,1911,282
24 9,16716,500--1,077-
29/58 8,59562,8468,367164,4956,68544,455
40/41 1,3885,0203,4624,2435,8343,588
40 ----5,819-
41 1,3885,0203,4624,243153,588
54/58 7,20757,8264,905160,25385140,209
490/1 -----658
Balance sheet: equity and liabilities
10/49 690,262781,846740,867164,495300,934584,043
10/15 -185,955-90,066-523110,42392,37572,704
10/11 84,00084,00084,00084,00084,00084,000
10 84,00084,00084,00084,00084,000-
100 84,00084,00084,00084,00084,00084,000
13 10,97810,97810,97810,9788,375-
130/1 3,0213,0213,0213,021419-
130 3,0213,0213,0213,021419-
133 7,9567,9567,9567,9567,956-
14 -280,933-185,044-95,50015,446--11,296
17/49 876,217871,912741,38954,072208,559511,339
17 767,174744,830711,055-140,625480,692
170/4 767,174744,830711,055-140,625479,492
178/9 -----1,200
42/48 109,042126,54630,33551,98266,32730,582
42 105,000110,00020,000-9,375-
43 -----23,753
430/8 -----23,753
44 90811,8525,3406,47851,531-
440/4 90811,8525,3406,47851,531-
46 ---1,256--
45 4454454454,9462,7985,215
450/3 4454454454,9462,7985,215
47/48 2,6904,2504,55039,3032,6231,613
492/3 -536-2,0901,60766
Income statement
76A ---189,82799,745-
9900 -35,980-19,070-93,07461,50742,21422,172
630 37,33335,50017,5002,2689,86919,851
640/8 -41-1001,5425,910
9901 -73,313-54,611-110,57459,13930,804-3,590
75/76B -2-421-
75 -2-421-
65/66B 22,57634,9351402,6418,7817,706
65 22,57634,9351402,6418,7817,706
9903 -95,889-89,544-110,71456,53922,025-11,296
67/77 --2324,4922,353-
9904 -95,889-89,544-110,94652,04819,671-11,296
9905 -95,889-89,544-110,94652,04819,671-11,296
Appropriation of the result
9906 -280,933-185,044-95,50052,0488,375-11,296
14P -185,044-95,50015,446--11,296-
691/2 ---2,6028,375-
6920 ---2,602419-
6921 ----7,956-
694/7 ---34,000--
695 ---34,000--
Document PDFPDFPDFPDFPDFPDF

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.

Download as CSV

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 PDF
31-12-2024 micro format 05-06-2025 2025-00119689 PDF
31-12-2023 micro format 17-07-2024 2024-00252783 PDF
31-12-2022 micro format 10-05-2023 2023-00084281 PDF
31-12-2021 micro format 01-07-2022 2022-20135076 PDF
31-12-2020 micro format 07-07-2021 2021-31600553 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
-35,980-19,111-93,07461,40740,67316,262
-58,556-54,044-93,44654,31629,5408,555
022,000750,000-291,9811,384559,439
-50,61952,921-155,348159,401-39,358-
-100,448-63,701-21,968112,513-59,64213,873
-26.9%-11.5%-0.1%67.1%30.7%12.4%
0.080.500.283.160.101.45
---0.492.267.03
---47.1%21.3%-15.5%
-13.9%-11.5%-15.0%31.6%6.5%-1.9%
-1.59-0.55-664.7623.254.63-

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
Item20252024202320222021
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
Item20252024202320222021
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).

Board & ownership

Board

2 directors, 2 in day-to-day management, last change in June 2026
Chair, director and managing director
chair appointed by deed of 17-06-2026 director in office according to the deed of 17-06-2026
listed in the 2025 annual accounts, filed on 20-05-2026
Director and managing director
director in office according to the deed of 17-06-2026 managing director appointed by deed of 17-06-2026 6-year term from 2026
listed in the 2025 annual accounts, filed on 20-05-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
Brice VAN OVERSTRAETEN
Director, Managing director
Yannick VAN OVERSTRAETEN
Director, Chair, Managing director
LeadershipBoardRest of the term
Mandates as a list
  • Brice VAN OVERSTRAETEN
    • Director, from 28-11-2019 to date
    • Managing director, appointed by deed of 17-06-2026, still in office
  • Yannick VAN OVERSTRAETEN
    • Director, from 28-11-2019 to date
    • Chair, appointed by deed of 17-06-2026, still in office
    • Managing director, appointed by deed of 17-06-2026, still in office

See the board, name and registered office on a given date →

Control

Capital

Capital
€84,000
Source
2025 annual accounts

Network & group

No group

R.E.D. has no parent and no holdings in its annual accounts. R.E.D. shares no director with another company.

Timeline

Timeline

16 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
2 directors appointed, 2 reappointmentsReappointments: Yannick VAN OVERSTRAETEN and Brice VAN OVERSTRAETEN · Appointments: Yannick VAN OVERSTRAETEN (chair) and Brice VAN OVERSTRAETEN (managing director) · General meeting of 13-05-20267 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed PDFmicro format · 72 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0738728244
Annual accounts 2024 filed PDFmicro format · 56 days before the deadline
2024
Registered office moved from Molenbeek-Saint-Jean to HalleNew registered office: Kamerijkbos 21, 1501 Halle (Buizingen) · Previous registered office: Sippelberglaan 3, 1080 Sint-Jans-Molenbeek · Board meeting of 21-08-20242 points ▸
  • Board meeting, 21-08-2024
  • Registered-office move, Kamerijkbos 21, 1501 Halle (Buizingen)

Open the deed in the Belgian Official Gazette

Annual accounts 2023 filed PDFmicro format · 14 days before the deadline
2023
Weakest financial year net -€110,946 The net result drops to -€110,946, the lowest from 2020 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 82 days before the deadline
2022
Highest result from 2020 to 2025 net €52,048 ▲165% The operating result of €59,139 and the net result of €52,048 are both a record.
Liquidity more than 31 times current ratio 3.16 The current ratio rises from 0.10 to 3.16. Short-term debt falls from €66,327 to €51,982.
Equity above €100,000 equity €110,423 ▲19.5% After 2 profitable years in a row, equity reaches €110,423.
Annual accounts 2021 filed PDFmicro format · 30 days before the deadline
2021
Back to profit net €19,671 The net result is €19,671, after one loss-making year.
Annual accounts 2020 filed PDFmicro format · 24 days before the deadline
2019
First establishment Sippelberglaan 3, Molenbeek-Saint-Jean
Incorporation PDFpublished on 06-12-2019

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

R.E.D. was incorporated on 4 December 2019 as a public limited company.1 The registered office was moved to Halle in 2024.2 Total assets rose from €584,043 in 2020 to €690,262 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 03-09-2024
  3. 3National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0738.728.244
VAT number
BE 0738.728.244
Peppol ID
0208:0738728244
Other Peppol ID
9925:BE0738728244
Legal form
Public limited company
Status
Active, normal situation
Founded
04-12-2019
Financial year
ends on 31 December
Peppol
Reachable since 09-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
R.E.D. in Dutch
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 03-09-2024 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
68201 Real estate activities main activity
68203 Real estate rental

Registered office and establishments

1 establishment
Establishment Since Unit number
Kamerijkbos 21 registered office 1501 Halle
Sippelberglaan 3 1080 Molenbeek-Saint-Jean 16-12-2019 2.297.889.715
1 former office
  • 1080 Sint-Jans-Molenbeek until 21-08-2024 · deed of 03-09-2024

Buildings and parcels at the addresses

Ground area
2,257 m²
Buildings
1,019 m²
Volume, LiDAR
12,083 m³
Tallest building
19.1 m
Buildings to scale, each on its own parcel
906 m², 19.1 m 113 m², 7.9 m 906 m², 19.1 m 113 m², 7.9 m

Location

registered office establishment The establishment unit on the map

Parcels

Flanders 1 (50%) Brussels 1 (50%)
Cadastral parcelRegionArea Buildings Height / floors
23013B0242/00P002Flanders1,226 m² 1 · 113 m² 7.9 m · 2
21526D0083/02M006Brussels1,030 m² 1 · 906 m² 19.1 m · 5