RE Panels 1
The computed 12-month bankruptcy probability of RE Panels 1 is 0.5% (very low). The 2024 annual accounts show equity of €65.64M and a net result of €-407k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 95% of 972 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €65.64M |
| Net result | €-407k |
| Better than sector | 95% |
| Active | 6 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 97.1% | 39.7% | |
| Net result | €-407k | €32k | |
| Equity | €65.64M | €152k | |
| Gross operating margin | €-358k | €59k | |
| Total assets | €67.59M | €748k |
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €-359k |
| Net profit | €-407k |
| Cash flow | €-394k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €67.59M |
| Equity | €65.64M |
| Debt | €1.96M |
| of which ≤ 1y | €1.18M |
| of which > 1y | €771k |
| Working capital | €-1.14M |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.04 |
| Quick ratio | 0.04 |
| Working capital ratio | -1.7% |
| Solvency | 97.1% |
| Debt / equity | 0.03 |
| Long-term debt ratio | 0.01 |
| Interest coverage | -10.41 |
| Gross margin | - |
| Net margin | - |
| ROA | -0.6% |
| ROE | -0.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €67.59M |
| Fixed assets | 21/28 | €67.48M |
| Formation expenses | 20 | €70k |
| Financial fixed assets | 28 | €67.48M |
| Current assets | 29/58 | €44k |
| Amounts receivable within one year | 40/41 | €86 |
| Cash & bank | 54/58 | €17k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €67.59M |
| Equity | 10/15 | €65.64M |
| Contributions / capital | 10/11 | €67.50M |
| Accumulated profits (losses) | 14 | €-1.86M |
| Amounts payable | 17/49 | €1.96M |
| Amounts payable after one year | 17 | €771k |
| Amounts payable within one year | 42/48 | €1.18M |
| Trade debts payable within one year | 44 | €4k |
| Income statement | ||
| Gross operating margin | 9900 | €-358k |
| Operating result | 9901 | €-373k |
| Financial charges | 65 | €35k |
| Result before taxes | 9903 | €-407k |
| Net result for the period | 9904 | €-407k |
| Result to be appropriated | 9905 | €-407k |
-
Current06-09-2024 → present
-
Current04-10-2023 → present
Historic, not recently confirmed (1)
-
S 3 I SALegal entityManaging director· perm. rep.: Luc De DeygereState Gazette act 19136494 (15-10-2019)Not recently confirmedlast confirmed in an act from 2019
Former directors (2)
-
Former- → 06-09-2024
-
Former- → 12-08-2023
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Deloitte Réviseurs d'EntreprisesCurrent Statutory auditor · represented by Angélique MITRUGNO |
- | 26-01-2023 → present |
| NACE primary | Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200) |
| Legal form | Public limited company(014) |
| Incorporation | 21-08-2019 |
| Status | Active |
| Postal code | 1050 |
Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446F0030/00A000 | Brussels | 7,406 m² | 1 · 1,655 m² | 28.5 m · 6 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
12-12-2025 Capital decrease of €1,861,016.94 to €65,638,983.06
- €67.500.000 → €65.638.983,06
Technical details
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"amount_type": "kapitaal_effectief",
"effective_date": "2025-12-05",
"evidence_quote": "L\u0027assembl\u00E9e d\u00E9cide de r\u00E9duire le capital par apurement des pertes subies, conform\u00E9ment \u00E0 l\u0027article 7:210 du Code des soci\u00E9t\u00E9s et des associations, \u00E0 concurrence de 1.861.016,94 EUR, pour le ramener de 67.500.000,00 EUR \u00E0 65.638.983,06 EUR, sans annulation d\u0027actions.",
"contribution_type": null
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"name_full": "RE PANELS 1",
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}
}25-10-2024 1 director appointed, 1 resigning
- Ricardo Sommer, Bestuurder
- Mihir Kotecha, Bestuurder
Technical details
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"evidence_quote": "Les actionnaires nomment en tant qu\u0027administrateur de la Soci\u00E9t\u00E9: Ricardo Sommer, de nationalit\u00E9 allemande, domicili\u00E9 \u00E0 Gabriel-von-Seidl-Strasse 36, 82031 Gr\u00FCnwald, Allemagne, faisant \u00E9lection de domicile au si\u00E8ge de la Soci\u00E9t\u00E9, avec effet \u00E0 ce jour."
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}22-05-2024 Angélique MITRUGNO appointed as statutory auditor
- Angélique MITRUGNO, Commissaris
Technical details
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"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale du 7 avril 2023 d\u00E9cide d\u0027attribuer le mandat de commissaire \u00E0 la soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e DELOITTE REVISEURS D\u0027ENTREPRISES, dont le si\u00E8ge se situe \u00E0 Gateway Building, Luchthaven Nationaal 1 J, B-1930 Zaventem, repr\u00E9sent\u00E9e par Ang\u00E9lique MITRUGNO, Reviseurs d\u0027Entreprises, "
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}07-12-2023 1 director appointed, 1 resigning
- Simon Matthis Tabellion, Bestuurder
- Ludger Laufenberg, Bestuurder
Technical details
{
"events": [
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"kind": "director_out",
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"name": "Ludger Laufenberg",
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"effective_date": "2023-08-12",
"evidence_quote": "Les actionnaires prennent acte de la fin du mandat de Ludger Laufenberg en tant qu\u0027administrateur de la Soci\u00E9t\u00E9 avec effet au 12 ao\u00FBt 2023."
},
{
"kind": "director_in",
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"rrn": null,
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"effective_date": "2023-10-04",
"evidence_quote": "Les actionnaires nomment en tant qu\u0027administrateur de la Soci\u00E9t\u00E9: Simon Matthis Tabellion... avec effet \u00E0 ce jour."
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}26-01-2023 Julie DELFORGE appointed as statutory auditor
- Julie DELFORGE, Commissaris
Technical details
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"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale du 5 avril 2021 d\u00E9cide d\u0027attribuer le mandat de commissaire \u00E0 la soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e DELOITTE REVISEURS D\u0027ENTREPRISES, dont le si\u00E8ge se situe \u00E0 Gateway Building, Luchthaven Nationaal 1 J, B-1930 Zaventem, repr\u00E9sent\u00E9e par Julie DELFORGE, Reviseurs d\u0027Entreprises, pour"
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}23-06-2022 Change in the board of directors
Technical details
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}
}13-07-2021 Registered office moved within Bruxelles
- Avenue Louise 65, 1050 Bruxelles → Avenue Arnaud Fraiteur 15/23, 1050 Bruxelles
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Bruxelles",
"region": "Brussels",
"street": "Avenue Arnaud Fraiteur",
"country": "BE",
"postcode": "1050",
"box_number": null,
"street_number": "15/23"
},
"old_address": {
"city": "Bruxelles",
"region": "Brussels",
"street": "Avenue Louise",
"country": "BE",
"postcode": "1050",
"box_number": "11",
"street_number": "65"
},
"effective_date": "2021-06-01",
"evidence_quote": "Les administrateurs d\u00E9cident de transf\u00E9rer le si\u00E8ge de la Soci\u00E9t\u00E9 \u00E0 Avenue Arnaud Fraiteur 15/23, 1050 Bruxelles (Belgique) avec effet au 1 Juin 2021."
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"name_full": "RE PANELS 1",
"legal_form": "SA"
}
}15-10-2019 Luc De Deygere appointed as managing director
- Luc De Deygere, Gedelegeerd bestuurder
Technical details
{
"events": [
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"role": "gedelegeerd_bestuurder",
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"name": "Luc De Deygere",
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},
"via_org": {
"kbo": "0627963053",
"name": "S31 SA",
"address": null,
"country": null,
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},
"effective_date": "2019-09-06",
"evidence_quote": "Les administrateurs d\u00E9cident de nommer, conform\u00E9ment \u00E0 l\u0027article 7:121 du Code des Soci\u00E9t\u00E9s et des Associations, la soci\u00E9t\u00E9 Luxembourgeoise S31 SA, ayant son si\u00E8ge \u00E0 Rue Prince Jean 5, 4740 Petange! Luxembourg, enregistr\u00E9e aupr\u00E8s de la Registre de Commerce et des Soci\u00E9t\u00E9s de Luxembourg avec le num\u00E9r"
}
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}
}13-09-2019 Articles of association amended
Technical details
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"statute_change": {
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"effective_date": "2019-09-06",
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},
"bedrijfsrevisor": null,
"subject_company": {
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},
"signature_regime": null,
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}23-08-2019 Incorporation of a new SNC
Technical details
{
"kind": "oprichting",
"seat": "1050 Bruxelles, Avenue Louise 65, bo\u00EEte 11, Stephanie Square Centre en R\u00E9gion bruxelloise",
"schema": "v3.2",
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"founders": [
{
"org": {
"kbo": null,
"name": "THI Holdings GmbH"
},
"kind": "rechtspersoon",
"person": null,
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": "THI Holdings GmbH",
"contribution_type": "cash",
"amount_paid_in_eur": 100000,
"holder_person_name": null,
"is_subscriber_only": true,
"n_shares_subscribed": 1000,
"amount_subscribed_eur": 100000,
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],
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},
"initial_directors": [],
"incorporation_date": "2019-08-21",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | RE Panels 1 |