RE²
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 22-07-2026 at the NBB all 12 filings
Amounts without an identifiable currency are taken as euros.
Equity
€1.4m▼ 0.4%
2024 · €1.4m
Total assets
€1.6m▼ 0.1%
2024 · €1.7m
Net result
-€5,599▼ 81.6%
2024 · -€3,084
Working capital
-€285,627▼ 2.0%
2024 · -€280,028
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€5,199
▼ 94.4%
2025
20182025
Net result
-€5,599
▼ 81.6%
2025
20182025
Equity
€1.4m
▼ 0.4%
2025
20182025
Total assets
€1.6m
▼ 0.1%
2025
20182025
Debt
€285,969
▲ 1.1%
2025
20182025
Working capital
-€285,627
▼ 2.0%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.001m--€0.002m▼ 109%-€0.001m▲ 44.8%-€0.001m▼ 4.9%-€0.003m▼ 150%-€0.005m▼ 39.1%-€0.003m▲ 40.6%-€0.005m▼ 94.4%
Net result-€0.001m--€0.002m▼ 101%€0.1m-€0.002m-€0.004m▼ 123%-€0.005m▼ 36.1%-€0.003m▲ 36.6%-€0.006m▼ 81.6%
Equity€1.5m-€1.4m▼ 4.2%€1.5m▲ 3.4%€1.4m▼ 3.5%€1.4m▼ 3.7%€1.4m▼ 0.4%€1.4m▼ 0.2%€1.4m▼ 0.4%
Total assets€1.7m-€1.7m=€1.7m▲ 0.6%€1.7m▼ 0.6%€1.6m▼ 0.1%€1.7m▲ 0.1%€1.7m=€1.6m▼ 0.1%
Debt€0.2m-€0.2m▲ 40.7%€0.2m▼ 17.6%€0.2m▲ 22.8%€0.3m▲ 23.7%€0.3m▲ 2.4%€0.3m▲ 1.3%€0.3m▲ 1.1%
Working capital-€0.2m--€0.2m▼ 40.8%-€0.2m▲ 22.5%-€0.2m▼ 30.9%-€0.3m▼ 24.5%-€0.3m▼ 1.8%-€0.3m▼ 1.1%-€0.3m▼ 2.0%
The operating result for 2025 is a loss of €5,199, larger than the loss of €2,674 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.6m =
Current assets
€341 ▼ 87.8%
Equity and liabilities €1.6m
Equity
€1.4m ▼ 0.4%
Debt
€285,969 ▲ 1.1%
Debt's share of the balance-sheet total rises from 17.1% to 17.3%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.00▼
2024 · 0.01
Debt to equity
0.21▲
2024 · 0.21
ROE
-0.4%▼
2024 · -0.2%
ROA
-0.3%▼
2024 · -0.2%
Debt ≤ 1 year
€285,969▲
2024 · €282,833
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €0 | €0 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €988 | €990 | €1,092 | €1,108 | €1,143 | ▲ 3.1% |
| Gross operating margin9900 | -€70 | -€1,234 | -€247 | -€306 | -€2,247 | -€3,410 | -€1,566 | -€4,056 | ▼ 159% |
| Operating profit (loss)9901 | -€1,068 | -€2,235 | -€1,234 | -€1,294 | -€3,237 | -€4,502 | -€2,674 | -€5,199 | ▼ 94.4% |
| Recurring financial income75 | €0 | €0 | €100,000 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €307 | €339 | €365 | €410 | €400 | ▼ 2.3% |
| Recurring financial charges65 | €116 | €147 | €210 | €307 | €339 | €365 | €410 | €400 | ▼ 2.3% |
| Profit (loss) for the period before taxes9903 | -€1,184 | -€2,382 | €98,556 | -€1,601 | -€3,576 | -€4,867 | -€3,084 | -€5,599 | ▼ 81.6% |
| Income taxes67/77 | €0 | €0 | €0 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€1,184 | -€2,382 | €98,556 | -€1,601 | -€3,576 | -€4,867 | -€3,084 | -€5,599 | ▼ 81.6% |
| Profit (loss) for the period to be appropriated9905 | -€1,184 | -€2,382 | €98,556 | -€1,601 | -€3,576 | -€4,867 | -€3,084 | -€5,599 | ▼ 81.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.7m | €1.7m | €1.7m | €1.7m | €1.6m | €1.7m | €1.7m | €1.6m | ▼ 0.1% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - | - |
| Financial fixed assets28 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Current assets29/58 | €0.002m | €0.002m | €0.01m | €0.002m | €0.001m | €0.002m | €0.003m | €341 | ▼ 87.8% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | - | - | - | €0.002m | - | - | - |
| Trade receivables40 | - | - | - | - | - | €0.002m | - | - | - |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.002m | €0.002m | €0.01m | €0.002m | €0.001m | €0.001m | €0.003m | €341 | ▼ 87.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.7m | €1.7m | €1.7m | €1.7m | €1.6m | €1.7m | €1.7m | €1.6m | ▼ 0.1% |
| Equity10/15 | €1.5m | €1.4m | €1.5m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | ▼ 0.4% |
| Contributions10/11 | €0.9m | €0.9m | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves not available under the articles1311 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | €0.6m | €0.5m | €0.6m | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 1.3% |
| Amounts payable17/49 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 1.1% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 1.1% |
| Trade debts44 | - | - | €174 | €0.001m | €0.001m | €0.005m | €0.005m | €0.005m | ▼ 7.4% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €0.005m | €0.005m | €0.005m | ▼ 7.4% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 1.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,184 | -€2,382 | €98,556 | -€1,601 | -€3,576 | -€4,867 | -€3,084 | -€5,599 | ▼ 81.6% |
| + Depreciation and write-downs630 | €0 | €0 | €0 | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€1,184 | -€2,382 | €98,556 | -€1,601 | -€3,576 | -€4,867 | -€3,084 | -€5,599 | ▼ 81.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €618 | €10,230 | -€10,601 | -€1,381 | -€125 | €2,236 | -€2,463 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-07-2026 | 2026-00315921 | |
| 31-12-2024 | abbreviated format | 23-07-2025 | 2025-00297255 | |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00392579 | |
| 31-12-2022 | abbreviated format | 17-07-2023 | 2023-00240029 | |
| 31-12-2021 | abbreviated format | 28-07-2022 | 2022-20234171 | |
| 31-12-2020 | abbreviated format | 13-07-2021 | 2021-33600472 | |
| 31-12-2019 | abbreviated format | 27-07-2020 | 2020-33900066 | |
| 31-12-2018 | abbreviated format | 23-07-2019 | 2019-35900345 | |
| 31-12-2017 | abbreviated format | 24-07-2018 | 2018-36300407 | |
| 31-12-2016 | abbreviated format | 27-07-2017 | 2017-35900500 |