R2F

Active

Private limited companyfounded 20242 yrs activeZuidburgweg 55, 8630 Veurne, BelgiumKBO/BCE: BE 1008.553.342

The computed 12-month bankruptcy probability of R2F is 1.7% (moderate). The 2025 annual accounts show equity of €8k and a net result of €6k. Its solvency ranks better than 27% of 11297 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

47 / 100

Fair

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

Axes · tick = 2024

Profitability80▲+47

Solvency37▲+1

Growth78

Track record82

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 2 filings

Deviation from the deadline

2025

27 d late

2024

25 d late

← before the deadline after the deadline →

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 months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

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 2025, micro schema

Equity

€8k▲ 339%

2024 · €2k

2024: €2k

2024 → 2025

Total assets

€71k▲ 298%

2024 · €18k

2024: €18k

2024 → 2025

Net result

€6k

2024 · €-513

2024: €-513

2024 → 2025

Working capital

€4k

2024 · €-4k

2024: €-4k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€2k-€8k▲ 339%

Operating result€-487-€9k

Net result€-513-€6k

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

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €9k after a loss of €487 in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €70k

95.6%

Fixed assets €3k▼ 25.4%

Current assets €67k▲ 447%

Equity and liabilities €71k

12%

88.3%

Equity €8k▲ 339%

Debt €62k▲ 293%

The debt ratio falls from 89.4% to 88.3%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€10k▲

2024 · €56

Cash flow

€8k▲

2024 · €30

Solvency

11.7%▲

2024 · 10.6%

Current ratio

1.07▲

2024 · 0.77

Quick ratio

0.33▼

2024 · 0.77

Debt / equity

7.54▼

2024 · 8.42

ROE

77.2%▲

2024 · -27.2%

ROA

9.0%▲

2024 · -2.9%

Interest coverage

91.59▲

2024 · 2.17

Debt

€62k▲

2024 · €16k

Debt ≤ 1 year

€62k▲

2024 · €16k

Income taxes

€2k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€18k€71k▲

Formation expenses20€1k€804▼

Fixed assets21/28€4k€3k▼

Tangible fixed assets22/27€4k€3k▼

Plant, machinery and equipment23€4k€3k▼

Current assets29/58€12k€67k▲

Stocks and contracts in progress3-€46k

Stocks30/36-€46k

Amounts receivable within one year40/41€10k€17k▲

Trade receivables40€9k€16k▲

Other amounts receivable41€29€889▲

Cash at bank and in hand54/58€3k€4k▲

Equity and liabilities

Total equity and liabilities10/49€18k€71k▲

Equity10/15€2k€8k▲

Contributions10/11€2k€2k=

Profit (loss) carried forward14€-513€6k▲

Amounts payable17/49€16k€62k▲

Amounts payable within one year42/48€16k€62k▲

Trade debts44€6k€270▼

Suppliers440/4€6k€270▼

Taxes, remuneration and social security45-€2k

Taxes450/3-€2k

Other amounts payable47/48€10k€60k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€543€2k▲

Other operating charges640/8€380€372▼

Non-recurring operating charges66A-€33

Gross operating margin9900€436€11k▲

Operating profit (loss)9901€-487€9k▲

Financial charges65/66B€26€113▲

Recurring financial charges65€26€113▲

Profit (loss) for the period before taxes9903€-513€9k▲

Income taxes67/77-€2k

Profit (loss) for the period9904€-513€6k▲

Profit (loss) for the period to be appropriated9905€-513€6k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-513€6k▲

Profit (loss) brought forward from the previous period14P-€-513

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

27-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 27 days late

2025

31-12

Financial Back to profitnet €6k

Net result €6k after one loss-making year.

25-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 25 days late

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, Veurne · 1 establishment unit since 2024

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.

Zuidburgweg 558630 Veurne

Ground area

2,044 m²

Building footprint

152 m²

Volume, LiDAR

629 m³

Parcel 38025C0142/00C000, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

R2F

Zuidburgweg 55, 8630 VeurneAgents in the wholesale of timber and building materials

since 20242.358.799.775

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
38025C0142/00C000	Flanders	2,044 m²	1 · 152 m²	7.0 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

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

Similar companies · same sector, comparable size

Fexhe-le-Haut-Clocher · Eq €9k

LVE

BE 0544.822.373

Malmedy · Eq €9k

Of 1,137 companies in sector 46130 we hold annual accounts for 646. 272 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded18-04-2024

Fiscal year end31-12

Activities, NACEBEL

46130Agents in the wholesale of timber and building materials

46471Wholesale trade

46474Wholesale trade

46643Wholesale of electrical equipment, including installation materials

46645Wholesale trade

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.