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RE-MOVE

Active
Private limited companyfounded 2022active for 3 yearsHarlingerhof 34, 9990 Maldegem, BelgiumKBO/BCE: BE 0793.315.191

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 21-06-2026 at the NBB all 3 filings

Turnover
≈ €120,000
Estimated: probably between €94,000 and €170,000
Total assets
€352,855▲ 5.1%
2024 · €335,647
Net result
€11,986▲ 170%
2024 · €4,438
Working capital
-€71,107▲ 21.0%
2024 · -€89,980
Trend over the years

2023 to 2025, 3 financial years

The operating result for 2025 is 114% higher than in 2024. It is a recovery after the fall in 2024.

Operating result€25,320 2025 Net result€11,986 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Human health activities (NACE 86). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Operating result€51,166-€11,850▼ 76.8%€25,320▲ 114%
Net result€35,610within the sector's middle half-€4,438below the sector's middle half▼ 87.5%€11,986below the sector's middle half▲ 170%
Equity€38,110below the sector's middle half-€42,548below the sector's middle half▲ 11.6%€54,534within the sector's middle half▲ 28.2%
Total assets€54,179below the sector's middle half-€335,647within the sector's middle half▲ 520%€352,855within the sector's middle half▲ 5.1%
Debt€16,069-€293,099▲ 18×€298,321▲ 1.8%
Working capital€38,110within the sector's middle half--€89,980below the sector's middle half-€71,107below the sector's middle half▲ 21.0%
Solvency70.3%within the sector's middle half-12.7%below the sector's middle half▼ 57.7pp15.5%below the sector's middle half▲ 2.8pp
Current ratio3.37within the sector's middle half-0.22below the sector's middle half▼ 3.150.44below the sector's middle half▲ 0.22
Return on assets (ROA)65.7%above the sector's middle half-1.3%below the sector's middle half▼ 64.4pp3.4%below the sector's middle half▲ 2.1pp
above within below The sector band is the middle half of the companies in Human health activities (NACE 86). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €352,855
Fixed assets €296,845 ▼ 4.4%
Current assets €56,010 ▲ 122%
Equity and liabilities €352,855
Equity €54,534 ▲ 28.2%
Debt €298,321 ▲ 1.8%
Debt's share of the balance-sheet total falls from 87.3% to 84.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€38,864▲
2024 · €32,150
Cash flow
€25,531▲
2024 · €24,738
Debt to equity
5.47▼
2024 · 6.89
ROE
22.0%▲
2024 · 10.4%
Interest coverage
5.77▲
2024 · 5.49
Debt ≤ 1 year
€127,117▲
2024 · €115,237
Debt > 1 year
€171,204▼
2024 · €177,862
Income taxes
€7,258▲
2024 · €1,569
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item202320242025
Tangible fixed assets-€329,739-
Financial fixed assets-€950-
Depreciation and write-downs of the year-€20,300€13,544

Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2024 to 2025 · 2 entries · €579 awarded · €579 paid
Year Entries AwardedPaid
2025 1 €258€258
2024 1 €321€321
Schemes
2 entries · €579 · €579 paid · Fonds voor Innoveren en Ondernemen

Comparable companies

These companies have the same main activity as RE-MOVE: physiotherapy (NACE 86951). They are comparable in size and age: total assets between €289,000 and €390,000, founded between 2022 and 2023.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
RE-MOVE Maldegem2022€352,855€54,534€40,917€11,9862025
SIMON LIEFOOGHE Poperinge2022€312,803€39,762€42,249€11,9732025
KINE OPTIMOVE Destelbergen2023€376,773€41,829€49,061€22,4422025
Poignie Rehab Gent2023€365,790€34,808€37,743€1,2362025
Kinepraktijk Karolien Hofkens Beerse2022€368,444€34,832€46,374€12,4962025
Kinesitherapie Thomas Stuijk Diksmuide2022€289,351€55,592€37,312€6,1352025
Kyoko Kortrijk2023€390,287€21,500€44,865€11,5402025

They were chosen from the 2,297 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 2,542 companies had the same profile as RE-MOVE has now. Two years later, 3.5% had gone bankrupt and 94.9% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.5% went bankrupt
1.2% stopped otherwise
94.9% was still going

Another 0.4% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of RE-MOVE itself is lower: < 0.1% within 12 months. It rests on far more data about RE-MOVE than the profile alone.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2,542 companies, not a prediction for RE-MOVE. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines

Source: Annual accounts 2025 at the NBB, filed on 21-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€335,647€352,855▲
Fixed assets21/28€310,389€296,845▼
Tangible fixed assets22/27€309,439€295,895▼
Land and buildings22€292,407€282,846▼
Plant, machinery and equipment23€12,188€9,384▼
Furniture and vehicles24€4,845€3,665▼
Financial fixed assets28€950€950=
Current assets29/58€25,257€56,010▲
Amounts receivable within one year40/41€3,904€6,804▲
Trade receivables40€3,904€6,804▲
Cash at bank and in hand54/58€19,644€48,009▲
Deferred charges and accrued income490/1€1,709€1,198▼
Equity and liabilities
Total equity and liabilities10/49€335,647€352,855▲
Equity10/15€42,548€54,534▲
Contributions10/11€2,500€2,500=
Reserves13€40,048€52,034▲
Distributable reserves133€40,048€52,034▲
Amounts payable17/49€293,099€298,321▲
Amounts payable after more than one year17€177,862€171,204▼
Financial debts170/4€177,862€171,204▼
Amounts payable within one year42/48€115,237€127,117▲
Current portion of amounts payable after more than one year42€7,021€7,451▲
Trade debts44€13€3,082▲
Suppliers440/4€13€3,082▲
Taxes, remuneration and social security45€1,569€9,912▲
Taxes450/3€1,569€8,624▲
Remuneration and social security454/9-€1,288
Other amounts payable47/48€106,635€106,673=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,300€13,544▼
Other operating charges640/8€2,014€2,053▲
Gross operating margin9900€34,164€40,917▲
Operating profit (loss)9901€11,850€25,320▲
Financial income75/76B€8€666▲
Recurring financial income75€8€666▲
Financial charges65/66B€5,851€6,741▲
Recurring financial charges65€5,851€6,741▲
Profit (loss) for the period before taxes9903€6,007€19,245▲
Income taxes67/77€1,569€7,258▲
Profit (loss) for the period9904€4,438€11,986▲
Profit (loss) for the period to be appropriated9905€4,438€11,986▲
Appropriation of the result
Profit (loss) to be appropriated9906€4,438€11,986▲
Transfer to equity691/2€4,438€11,986▲
To other reserves6921€4,438€11,986▲

The notes to these accounts have 7 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.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€20,300€13,544▼ 33.3%
Other operating charges640/8€1,062€2,014€2,053▲ 1.9%
Gross operating margin9900€52,228€34,164€40,917▲ 19.8%
Operating profit (loss)9901€51,166€11,850€25,320▲ 114%
Financial income75/76B-€8€666▲ 82×
Recurring financial income75-€8€666▲ 82×
Financial charges65/66B€1,861€5,851€6,741▲ 15.2%
Recurring financial charges65€1,861€5,851€6,741▲ 15.2%
Profit (loss) for the period before taxes9903€49,305€6,007€19,245▲ 220%
Income taxes67/77€13,696€1,569€7,258▲ 363%
Profit (loss) for the period9904€35,610€4,438€11,986▲ 170%
Profit (loss) for the period to be appropriated9905€35,610€4,438€11,986▲ 170%
Line202320242025Change
Assets
Total assets20/58€54,179€335,647€352,855▲ 5.1%
Fixed assets21/28-€310,389€296,845▼ 4.4%
Tangible fixed assets22/27-€309,439€295,895▼ 4.4%
Land and buildings22-€292,407€282,846▼ 3.3%
Plant, machinery and equipment23-€12,188€9,384▼ 23.0%
Furniture and vehicles24-€4,845€3,665▼ 24.4%
Financial fixed assets28-€950€950=
Current assets29/58€54,179€25,257€56,010▲ 122%
Amounts receivable within one year40/41€9,570€3,904€6,804▲ 74.3%
Trade receivables40€9,570€3,904€6,804▲ 74.3%
Cash at bank and in hand54/58€42,223€19,644€48,009▲ 144%
Deferred charges and accrued income490/1€2,385€1,709€1,198▼ 29.9%
Equity and liabilities
Total equity and liabilities10/49€54,179€335,647€352,855▲ 5.1%
Equity10/15€38,110€42,548€54,534▲ 28.2%
Contributions10/11€2,500€2,500€2,500=
Reserves13€35,610€40,048€52,034▲ 29.9%
Distributable reserves133€35,610€40,048€52,034▲ 29.9%
Amounts payable17/49€16,069€293,099€298,321▲ 1.8%
Amounts payable after more than one year17-€177,862€171,204▼ 3.7%
Financial debts170/4-€177,862€171,204▼ 3.7%
Amounts payable within one year42/48€16,069€115,237€127,117▲ 10.3%
Current portion of amounts payable after more than one year42-€7,021€7,451▲ 6.1%
Trade debts44€649€13€3,082▲ 237×
Suppliers440/4€649€13€3,082▲ 237×
Taxes, remuneration and social security45€13,696€1,569€9,912▲ 532%
Taxes450/3€13,696€1,569€8,624▲ 450%
Remuneration and social security454/9--€1,288-
Other amounts payable47/48€1,724€106,635€106,673=
Line202320242025Change
Profit (loss) for the period9904€35,610€4,438€11,986▲ 170%
+ Depreciation and write-downs630-€20,300€13,544▼ 33.3%
Operating cash flow (approximation)€35,610€24,738€25,531▲ 3.2%
Investment in fixed assets (approximation)--€0-
Change in cash--€22,579€28,364-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference Document
31-12-2025 micro format 21-06-2026 2026-00180942 NBB
31-12-2024 micro format 05-07-2025 2025-00234657 PDF
31-12-2023 micro format 16-07-2024 2024-00248935 PDF

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