RE-Applications
ActiveSummary
RE-Applications has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €178,850 and a net result of €48,478. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 55% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability92▲+3
Solvency92▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 3.18 against 3.28 in 2023; short-term debt: 31.5% and cash: 61.3% of total assets), and 32.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
11 d late
2023
20 d late
2022
22 d late
2021
29 d late
2020
33 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€178,850▲ 15.4%
2023 · €154,977
Total assets
€266,351▲ 14.2%
2023 · €233,247
Net result
€48,478▲ 28.3%
2023 · €37,774
Working capital
€182,484▲ 13.1%
2023 · €161,373
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€16,087▼ 31.7%€18,913▲ 17.6%€26,126▲ 38.1%€55,656▲ 113%€69,356▲ 24.6%
Net result€10,397within the sector's middle half▼ 33.4%€12,519within the sector's middle half▲ 20.4%€17,810within the sector's middle half▲ 42.3%€37,774within the sector's middle half▲ 112%€48,478within the sector's middle half▲ 28.3%
Equity€161,694above the sector's middle half▲ 6.9%€130,197within the sector's middle half▼ 19.5%€131,603within the sector's middle half▲ 1.1%€154,977within the sector's middle half▲ 17.8%€178,850above the sector's middle half▲ 15.4%
Total assets€213,270within the sector's middle half▲ 4.0%€224,218within the sector's middle half▲ 5.1%€194,887within the sector's middle half▼ 13.1%€233,247within the sector's middle half▲ 19.7%€266,351within the sector's middle half▲ 14.2%
Debt€51,576▼ 4.0%€94,022▲ 82.3%€63,284▼ 32.7%€78,270▲ 23.7%€87,501▲ 11.8%
Working capital€156,501above the sector's middle half▲ 28.1%€124,671above the sector's middle half▼ 20.3%€131,951above the sector's middle half▲ 5.8%€161,373above the sector's middle half▲ 22.3%€182,484above the sector's middle half▲ 13.1%
Solvency75.8%within the sector's middle half▲ 2.0pp58.1%within the sector's middle half▼ 17.7pp67.5%within the sector's middle half▲ 9.5pp66.4%within the sector's middle half▼ 1.1pp67.1%within the sector's middle half▲ 0.7pp
Current ratio5.51above the sector's middle half▲ 2.242.51within the sector's middle half▼ 3.003.45within the sector's middle half▲ 0.943.28within the sector's middle half▼ 0.173.18within the sector's middle half▼ 0.10
Return on assets (ROA)4.9%within the sector's middle half▼ 2.7pp5.6%within the sector's middle half▲ 0.7pp9.1%within the sector's middle half▲ 3.6pp16.2%within the sector's middle half▲ 7.1pp18.2%within the sector's middle half▲ 2.0pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 25% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €266,351
Equity
€178,850 ▲ 15.4%
Debt
€87,501 ▲ 11.8%
Debt's share of the balance-sheet total falls from 33.6% to 32.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€70,445▲
2023 · €63,684
Cash flow
€49,568▲
2023 · €45,802
Debt to equity
0.49▼
2023 · 0.51
ROE
27.1%▲
2023 · 24.4%
Interest coverage
30.44▼
2023 · 35.56
Debt ≤ 1 year
€83,867▲
2023 · €70,784
Income taxes
€18,563▲
2023 · €16,291
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,074 | €7,798 | €8,028 | €8,028 | €1,090 | ▼ 86.4% |
| Other operating charges640/8 | - | €18,486 | €14,291 | €10,763 | €5,527 | ▼ 48.7% |
| Gross operating margin9900 | €42,282 | €45,197 | €48,445 | €74,447 | €75,972 | ▲ 2.0% |
| Operating profit (loss)9901 | €16,087 | €18,913 | €26,126 | €55,656 | €69,356 | ▲ 24.6% |
| Financial income75/76B | - | €0 | €1 | €199 | - | - |
| Recurring financial income75 | €0 | €0 | €1 | €199 | - | - |
| Financial charges65/66B | - | €1,201 | €1,121 | €1,791 | €2,315 | ▲ 29.3% |
| Recurring financial charges65 | €1,158 | €1,201 | €1,121 | €1,791 | €2,315 | ▲ 29.3% |
| Profit (loss) for the period before taxes9903 | €14,929 | €17,713 | €25,007 | €54,064 | €67,041 | ▲ 24.0% |
| Income taxes67/77 | €4,531 | €5,194 | €7,197 | €16,291 | €18,563 | ▲ 13.9% |
| Profit (loss) for the period9904 | €10,397 | €12,519 | €17,810 | €37,774 | €48,478 | ▲ 28.3% |
| Profit (loss) for the period to be appropriated9905 | €10,397 | €12,519 | €17,810 | €37,774 | €48,478 | ▲ 28.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €213,270 | €224,218 | €194,887 | €233,247 | €266,351 | ▲ 14.2% |
| Fixed assets21/28 | €22,082 | €17,145 | €9,118 | €1,090 | - | - |
| Tangible fixed assets22/27 | €22,082 | €17,145 | €9,118 | €1,090 | - | - |
| Land and buildings22 | - | €2,580 | €1,720 | €860 | - | - |
| Furniture and vehicles24 | - | €14,565 | €7,398 | €230 | - | - |
| Current assets29/58 | €191,188 | €207,073 | €185,769 | €232,157 | €266,351 | ▲ 14.7% |
| Amounts receivable within one year40/41 | €49,089 | €32,258 | €18,160 | €13,499 | €2,285 | ▼ 83.1% |
| Trade receivables40 | - | €30,200 | €17,405 | €13,499 | - | - |
| Other amounts receivable41 | - | €2,058 | €755 | - | €2,285 | - |
| Current investments50/53 | - | - | - | - | €100,000 | - |
| Cash at bank and in hand54/58 | €141,002 | €173,707 | €166,958 | €217,050 | €163,328 | ▼ 24.8% |
| Deferred charges and accrued income490/1 | - | €1,108 | €651 | €1,608 | €738 | ▼ 54.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €213,270 | €224,218 | €194,887 | €233,247 | €266,351 | ▲ 14.2% |
| Equity10/15 | €161,694 | €130,197 | €131,603 | €154,977 | €178,850 | ▲ 15.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €143,094 | €111,597 | €113,003 | €136,377 | €160,250 | ▲ 17.5% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €109,737 | €113,003 | €136,377 | €160,250 | ▲ 17.5% |
| Amounts payable17/49 | €51,576 | €94,022 | €63,284 | €78,270 | €87,501 | ▲ 11.8% |
| Amounts payable after more than one year17 | €16,344 | €10,960 | €5,512 | - | - | - |
| Financial debts170/4 | - | €10,960 | €5,512 | - | - | - |
| Amounts payable within one year42/48 | €34,687 | €82,402 | €53,819 | €70,784 | €83,867 | ▲ 18.5% |
| Current portion of amounts payable after more than one year42 | - | €5,385 | €5,448 | €5,512 | - | - |
| Trade debts44 | €1,065 | €6,348 | €6,204 | €583 | €673 | ▲ 15.4% |
| Suppliers440/4 | - | €6,348 | €6,204 | €583 | €673 | ▲ 15.4% |
| Taxes, remuneration and social security45 | - | €4,846 | €2,063 | €18,022 | €4,848 | ▼ 73.1% |
| Taxes450/3 | - | €4,846 | €2,063 | €15,317 | €4,848 | ▼ 68.3% |
| Remuneration and social security454/9 | - | - | - | €2,705 | - | - |
| Other amounts payable47/48 | - | €65,823 | €40,104 | €46,667 | €78,346 | ▲ 67.9% |
| Accrued charges and deferred income492/3 | - | €660 | €3,954 | €7,486 | €3,634 | ▼ 51.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,397 | €12,519 | €17,810 | €37,774 | €48,478 | ▲ 28.3% |
| + Depreciation and write-downs630 | €7,074 | €7,798 | €8,028 | €8,028 | €1,090 | ▼ 86.4% |
| Operating cash flow (approximation) | €17,472 | €20,317 | €25,837 | €45,802 | €49,568 | ▲ 8.2% |
| Investment in fixed assets (approximation) | - | -€2,861 | €0 | €0 | - | - |
| Change in cash | - | €32,705 | -€6,749 | €50,092 | -€53,722 | ▼ 207% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-12
Financial
Highest result since 2018net €48,478 ▲28.3%
Operating result €69,356, net result €48,478, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Equity above €150,000Eq €154,977 ▲17.8%
6 profitable years in a row build equity to €154,977.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €10,397 ▼33.4%
Net result drops to €10,397, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Equity above €150,000Eq €151,297 ▲11.5%
2 profitable years in a row build equity to €151,297.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Leuven · 1 establishment unit since 2012
Ground area
248 m²
Building footprint
99 m²
Volume, LiDAR
545 m³
Parcel 24038C0182/00E002, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RE-Applications
since 20122.208.298.337
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24038C0182/00E002 | Flanders | 248 m² | 1 · 99 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,911 companies in sector 62100 we hold annual accounts for 8,786. 6,771 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0844921468
Also
9925:BE0844921468
Registered
13-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.