R&E Montage

Active

Private limited companyfounded 20224 yrs activeMezenweg 2, 3910 Pelt, BelgiumKBO/BCE: BE 0790.977.194

Summary

R&E Montage has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €939k and a net result of €446k. Its solvency ranks better than 90% of 300 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).

Watch Print / PDF

Checked score

Score 2024

83 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency100▲+13

Growth52

Track record94

Bankruptcy probability, 12 months

1.3% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €75k at 30 days acceptable

Liquidity ample (current ratio 6.92 against 2.62 in 2023; short-term debt: 14.4% and cash: 26.5% of total assets), and 14.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

85.3%

Return on assets

40.5%

Age of the figures

21 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 16

Relative position

BE, all sectors

reference

Sector 16

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

44 d early

2023

37 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity

€939k▲ 90.5%

2023 · €493k

2023: €493k

2023 → 2024

Total assets

€1.10M▲ 39.0%

2023 · €792k

2023: €792k

2023 → 2024

Net result

€446k▼ 7.6%

2023 · €483k

2023: €483k

2023 → 2024

Working capital

€937k▲ 93.0%

2023 · €486k

2023: €486k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€493k-€939k▲ 90.5%

Operating result€706k-€592k▼ 16.3%

Net result€483k-€446k▼ 7.6%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 16% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.10M

99.5%

Fixed assets €5k ▼ 28.2%

Current assets €1.10M ▲ 39.6%

Equity and liabilities €1.10M

85.3%

14.7%

Equity €939k ▲ 90.5%

Debt €162k ▼ 45.8%

Debt's share of the balance-sheet total falls from 37.8% to 14.7%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€594k▼

2023 · €709k

Cash flow

€448k▼

2023 · €485k

Current ratio

6.92▲

2023 · 2.62

Debt to equity

0.17▼

2023 · 0.61

ROE

47.5%▼

2023 · 98.0%

ROA

40.5%▼

2023 · 61.0%

Interest coverage

137.61▲

2023 · 110.86

Debt ≤ 1 year

€158k▼

2023 · €299k

Income taxes

€152k▼

2023 · €219k

Staff costs

€136k▼

2023 · €161k

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 · 2024 against 2023 · 47 lines

Balance sheet Code20232024

Assets

Total assets20/58€792k€1.10M▲

Fixed assets21/28€7k€5k▼

Tangible fixed assets22/27€7k€5k▼

Plant, machinery and equipment23€538€251▼

Furniture and vehicles24€7k€5k▼

Current assets29/58€785k€1.10M▲

Amounts receivable within one year40/41€193k€201k▲

Trade receivables40€75k€54k▼

Other amounts receivable41€118k€147k▲

Current investments50/53€100k€594k▲

Cash at bank and in hand54/58€492k€292k▼

Deferred charges and accrued income490/1€170€8k▲

Equity and liabilities

Total equity and liabilities10/49€792k€1.10M▲

Equity10/15€493k€939k▲

Contributions10/11€10k€10k=

Reserves13€483k€929k▲

Tax-exempt reserves132-€261k

Distributable reserves133€483k€668k▲

Amounts payable17/49€299k€162k▼

Amounts payable within one year42/48€299k€158k▼

Financial debts43€42k€42k=

Credit institutions430/8€42k€42k=

Trade debts44€145k€13k▼

Suppliers440/4€145k€13k▼

Taxes, remuneration and social security45€112k€103k▼

Taxes450/3€94k€94k=

Remuneration and social security454/9€19k€10k▼

Accrued charges and deferred income492/3-€4k

Income statement Code20232024

Remuneration, social security and pensions62€161k€136k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼

Other operating charges640/8€544€654▲

Gross operating margin9900€871k€730k▼

Operating profit (loss)9901€706k€592k▼

Financial income75/76B€2k€11k▲

Recurring financial income75€2k€11k▲

Financial charges65/66B€6k€4k▼

Recurring financial charges65€6k€4k▼

Profit (loss) for the period before taxes9903€702k€598k▼

Income taxes67/77€219k€152k▼

Profit (loss) for the period9904€483k€446k▼

Transfer to tax-exempt reserves689-€261k

Profit (loss) for the period to be appropriated9905€483k€185k▼

Appropriation of the result

Profit (loss) to be appropriated9906€483k€185k▼

Transfer to equity691/2€483k€185k▼

To the legal reserve6920€483k-

To other reserves6921-€185k

Social balance

Average headcount (FTE)90872.02.0=

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 4Financial 2Filings 2

2025

17-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Liquidity triplescurrent ratio 6.92

Current ratio from 2.62 to 6.92; short-term debt falls from €299k to €158k.

31-12

Financial Equity above €500kEq €939k ▲90.5%

2 profitable years in a row build equity to €939k.

24-06

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.

Directors · office · real estate

Directors

1 act for this company is 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, Pelt · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Mezenweg 23910 Pelt

Ground area

8,325 m²

Building footprint

544 m²

Volume, LiDAR

3,156 m³

2 parcels, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

R&E Montage

Gaston Eyskenslaan 7, 3900 PeltManufacture of other builders' carpentry and joinery

since 20222.335.515.718

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
72502E0102/00A165	Flanders	5,077 m²	1 · 543 m²	6.7 m · 2 fl.
72025A0186/00X045	Flanders	3,248 m²	-	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 163 EUR awarded · 108 EUR paid

Year	Entries	awarded	paid
2025	1	163 EUR	108 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 163 EUR · 108 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Legal Entity Identifier

2549000VA48GZZ8KM929

live in the LEI register

Similar companies · same sector, comparable size

MENUIFAB

BE 0428.581.830

Leuze-en-Hainaut · Eq €938k

Oudenaarde · Eq €926k

Of 1,599 companies in sector 16230 we hold annual accounts for 783. 456 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded19-09-2022

Fiscal year end31-12

Activities, NACEBEL 2025

16230Manufacture of other builders' carpentry and joinery

43320Joinery installation

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.