Skip to content

RE Panels 2

Active
Public limited companyfounded 20197 yrs activeArnaud Fraiteurlaan 15, 1050 Elsene, BelgiumKBO/BCE: BE 0732.776.996
Summary

RE Panels 2 has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67.8m and a net result of €7.0m. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 95% of 3447 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
RE Panels 2ActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
Size
€67.9mtotal assets 2025
Equity
€67.8m
Profit
€7.0m
Financial health
94 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
RE Panels 1 · 100%
Holdings
1
Accounts filed 29 d late1 of 10 deeds read
Why 94- Liquidity: current ratio 27.05, cash €406,167+ Sector Activities of head offices; management consultancy activities (NACE 70)+ Size: total assets €67.9m+ Figures for FY 2025 (filed 29-08-2026)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Better than 52% of its sector peers (NACE 70, large)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 99.9% of total assets
Liquidity 51+1
short-term debt 0.0% · cash 0.6%
Profitability 32+13
return on assets 10.3%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (200 companies)
Last 14 months 09-2025: 0.2% 10-2025: 0.2%▲ +1.6% vs 09-2025 11-2025: 0.2%▼ -4.1% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%▼ -2.2% vs 12-2025 02-2026: 0.2%● 0.0% vs 01-2026 03-2026: 0.2%▲ +2.7% vs 02-2026 04-2026: 0.2%▲ +7.0% vs 03-2026 05-2026: 0.2%▲ +3.0% vs 04-2026 06-2026: 0.2%▲ +3.4% vs 05-2026 07-2026: 0.2%▲ +0.9% vs 06-2026 08-2026: 0.4%▲ +78.6% vs 07-2026highest value 09-2026: 0.1%▼ -86.2% vs 08-2026lowest value 10-2026: 0.1%● 0.0% vs 09-2026lowest value
  • Liquidity: current ratio 27.05, cash €406,167 raises the probability
  • Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
  • Size: total assets €67.9m lowers the probability for this profile
  • Figures for FY 2025 (filed 29-08-2026) lowers the probability
Credit up to €6,350,000 at 30 days acceptable
Liquidity ample (current ratio 27.05 against 2.76 in 2024; short-term debt: 0% and cash: 0.6% of total assets), and 0.1% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, large). Better than this share of them on solvency 74%, liquidity 66%, profitability 32%, growth against the median 36%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 27.05, cash €406,167
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Activities of head offices; management consultancy activities (NACE 70)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Size: total assets €67.9m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 29-08-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filings
Deviation from the deadline
2025
29 d late
2024
13 d early
2023
26 d early
2022
27 d early
2021
18 d early
2020
31 d late
2019
81 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 13 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Resignation: Damatra SRL (day-to-day manager)Appointment: Nicolas Louveaux (personne chargée…
  3. Back to profitnet €7.0m

Key points

  • Positive: Back in profit in 2025after -€6,623 in 2024 €7.0m View
  • Positive: Among the best 5% on solvencysector median 53.3% · 3,447 companies 99.9% View
  • Controlled by RE Panels 1known shareholders 100% 100% View
  • Board changedlatest change 26-05-2026 · 0 in office 1 joined · 1 left View

By topic

Financials

Fiscal year
2025
Total assets
€67.9m
Profit
€7.0m
Solvency
99.9%
Total assets▲ 0.6%
Net result
20192025
Go to Financials

Timeline

Events
12
Since
2020
Next accounts
by 31-07-2027
  1. 29-08-2026Annual accounts filed
  2. 24-07-2026Resignation: Damatra SRL (day-to-day manager)
  3. 31-12-2025Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Business and other management consultancyNACE 70200
Founded
22-08-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure