Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Of this, €108,353 falls due within a year.
The 2021 accounts came latest: 31 days after the end of the period.
Lower net result than 90% of companies in wholesale trade. Sector median €5,616 · 13,806 companies.
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 46, micro). It does better than 6% of them on solvency, 7% on liquidity, 6% on profitability and 1% on growth.
The bankruptcy probability was computed on 08-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
In July 2024, 6,008 companies had the same profile as RE - Loop has now. Each dot stands for 16 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RE - Loop itself: 2.2% within 12 months.
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.
| 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 6,008 companies, not a prediction for RE - Loop. 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.
Liquidity is insufficient, with a current ratio of 0.71 (0.84 in 2024), below 1. Short-term debt is 125.2% and cash 3.4% of total assets. Equity is negative.
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.
The company filed its last 5 accounts on average 28 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| RE - Loop Brussels | €86,516 | €26,119 | -25.5% | - |
| AMB SALES Woluwe-Saint-Lambert | €91,020 | €31,351 | 0.4% | - |
| TRADER AND TRADE SERVICES Grâce-Hollogne | €89,597 | €25,094 | 10.8% | - |
| ANTIMACUL Leuven | €87,229 | €29,139 | 76.7% | - |
| STUC & CO Ath | €95,978 | €20,245 | 20.1% | - |
| CB COM Welkenraedt | €92,473 | €24,571 | -5.8% | - |
| Biomex Ypres | €112,069 | €25,972 | 8.8% | - |
These companies have the same main activity as RE - Loop: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €87,200 and €112,000, founded between 2019 and 2021.
RE - Loop files the micro format. That format states no turnover. The gross margin rose from -€48 in 2021 to €26,119 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €71,000 and €290,000.
Higher than 14% of 13,800 companies in 2025.
Higher than 18% of 13,181 companies in 2025.
Higher than 9% of 13,360 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
86,516 | 54,506 | 24,642 | 2,165 | 4,952 | |
21/28 |
9,339 | 9,339 | 9,339 | 339 | - | |
28 |
9,339 | 9,339 | 9,339 | 339 | - | |
29/58 |
77,177 | 45,167 | 15,303 | 1,826 | 4,952 | |
40/41 |
74,069 | 43,604 | 1,851 | 860 | - | |
40 |
65,358 | 42,980 | 775 | - | - | |
41 |
8,711 | 624 | 1,076 | 860 | - | |
54/58 |
2,930 | 785 | 12,285 | 288 | 4,952 | |
490/1 |
178 | 778 | 1,167 | 678 | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
86,516 | 54,506 | 24,642 | 2,165 | 4,952 | |
10/15 |
-22,090 | 861 | 4,283 | 665 | 4,952 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
14 |
-27,090 | -4,139 | -717 | -4,335 | -48 | |
17/49 |
108,606 | 53,645 | 20,359 | 1,500 | - | |
42/48 |
108,353 | 53,645 | 20,359 | 1,500 | - | |
44 |
94,888 | 37,782 | 5,306 | - | - | |
440/4 |
94,888 | 37,782 | 5,306 | - | - | |
46 |
- | - | 4,816 | - | - | |
45 |
8,480 | 10,877 | 5,736 | - | - | |
450/3 |
29 | 30 | 474 | - | - | |
454/9 |
8,451 | 10,847 | 5,262 | - | - | |
47/48 |
4,985 | 4,986 | 4,501 | 1,500 | - | |
492/3 |
253 | - | - | - | - | |
| Income statement | ||||||
9900 |
26,119 | 46,001 | 16,624 | -4,287 | -48 | |
62 |
49,016 | 49,310 | 13,006 | - | - | |
9901 |
-22,897 | -3,309 | 3,618 | -4,287 | -48 | |
65/66B |
54 | 113 | - | - | - | |
65 |
54 | 113 | - | - | - | |
9903 |
-22,951 | -3,422 | 3,618 | -4,287 | -48 | |
9904 |
-22,951 | -3,422 | 3,618 | -4,287 | -48 | |
9905 |
-22,951 | -3,422 | 3,618 | -4,287 | -48 | |
| Appropriation of the result | ||||||
9906 |
-27,090 | -4,139 | -717 | -4,335 | -48 | |
14P |
-4,139 | -717 | -4,335 | -48 | - | |
| Social balance sheet | ||||||
9087 |
- | - | 0.3 | - | - | |
Hours worked1013 |
- | - | 456 | - | - | |
| Document | ||||||
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00435808.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00435808 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00412677 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00414328 | |
| 31-12-2022 | micro format | 27-08-2023 | 2023-00358443 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20386828 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| - | - | 9,000 | 339 | - | ||
| 2,145 | -11,500 | 11,997 | -4,664 | - | ||
| -31,176 | -8,478 | -5,056 | 326 | - | ||
| -25.5% | 1.6% | 17.4% | - | - | ||
| 0.71 | 0.84 | 0.75 | - | - | ||
| - | - | 4.75 | - | - | ||
| - | - | 84.5% | - | - | ||
| -26.5% | -6.3% | 14.7% | - | - |
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.
| Item | 31-12-2023 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| 0.3 | |
| On a permanent contract | 1 |
Source: social balance sheet in the 2023 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | €9,000 | €339 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €22,897, larger than the loss of €3,309 in 2024. It is the lowest result since 2021.
Equity is negative. Debt (€108,606) exceeds the balance-sheet total (€86,516).
RE - Loop has no parent and no holdings in its annual accounts.
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The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
RE - Loop was incorporated on 11 December 2020 as a private limited company by four natural persons, with a starting capital of €5,000.12 The registered office moved to Borriem in 2021 and to Brussels in 2022.34 The board currently has 5 members.5 Total assets rose from €4,952 in 2021 to €86,516 in 2025.6
| Establishment | Since | Unit number |
|---|---|---|
| RE-Loop registered office Wolstraat 70, 1000 Brussels 38110 Waste collection, recovery and disposal activities | 11-12-2020 | 2.310.914.142 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21808H0901/00N000 | 2,342 m² | 1 · 1,841 m² | 42.2 m · 12 |
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