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RE-SHAPE

Active
Private limited companyfounded 2021active for 5 yearsKortrijksesteenweg 70, 8530 Harelbeke, BelgiumKBO/BCE: BE 0775.766.012
Summary

The computed 12-month bankruptcy probability of RE-SHAPE is 1.6% (moderate). The annual accounts of RE-SHAPE for financial year 2025 show a net loss of 75% of the equity at the start of that year. The 2025 annual accounts show equity of €1,316 and a net result of -€3,958. Equity is shrinking by about 54% per year across the filed financial years. The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Equity
€1,316▼ 75.0%
2024 · €5,274
Total assets
€102,420▼ 8.4%
2024 · €111,843
Net result
-€3,958▼ 445%
2024 · -€726
Working capital
€1,316▼ 75.0%
2024 · €5,274
Trend over the years

2022 to 2025, 4 financial years

The operating result has fallen two years in a row; 2025 is 66% below 2024 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€1,357 2025 Net result-€3,958 2025

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

Every figure with its change against the financial year before
favourable unfavourable
Line2022202320242025
Operating result€14,832-€31,280▲ 111%€4,024▼ 87.1%€1,357▼ 66.3%
Net result€9,035-€21,846▲ 142%-€726-€3,958▼ 445%
Equity€15,035-€6,000▼ 60.1%€5,274▼ 12.1%€1,316▼ 75.0%
Total assets€137,363-€165,169▲ 20.2%€111,843▼ 32.3%€102,420▼ 8.4%
Debt€122,328-€159,169▲ 30.1%€106,569▼ 33.0%€101,104▼ 5.1%
Working capital€15,035-€6,000▼ 60.1%€5,274▼ 12.1%€1,316▼ 75.0%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €102,420
Equity €1,316 ▼ 75.0%
Debt €101,104 ▼ 5.1%
Debt's share of the balance-sheet total rises from 95.3% to 98.7%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.01▼
2024 · 1.05
Quick ratio
0.01▼
2024 · 0.25
Debt to equity
76.83▲
2024 · 20.21
ROE
-300.8%▼
2024 · -13.8%
ROA
-3.9%▼
2024 · -0.6%
Debt ≤ 1 year
€101,104▼
2024 · €106,569
Income taxes
€1,365▲
2024 · €676
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 849 companies that looked in July 2024 the way this one looks now, 4.7% went bankrupt within 24 months and 91.9% are still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a small loss
4.7% went bankrupt
3.3% stopped otherwise
91.9% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 849 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€111,843€102,420▼
Current assets29/58€111,843€102,420▼
Stocks and contracts in progress3€85,000€101,438▲
Stocks30/36€85,000€101,438▲
Cash at bank and in hand54/58€26,843€981▼
Equity and liabilities
Total equity and liabilities10/49€111,843€102,420▼
Equity10/15€5,274€1,316▼
Contributions10/11€6,000€6,000=
Profit (loss) carried forward14-€726-€4,684▼
Amounts payable17/49€106,569€101,104▼
Amounts payable within one year42/48€106,569€101,104▼
Trade debts44€132€128▼
Suppliers440/4€132€128▼
Taxes, remuneration and social security45€5,556€95▼
Taxes450/3€5,556€95▼
Other amounts payable47/48€100,881€100,881=
Income statement Code20242025
Other operating charges640/8€992€928▼
Gross operating margin9900€5,015€2,285▼
Operating profit (loss)9901€4,024€1,357▼
Financial income75/76B-€96
Recurring financial income75-€96
Financial charges65/66B€4,074€4,045▼
Recurring financial charges65€4,074€4,045▼
Profit (loss) for the period before taxes9903-€50-€2,593▼
Income taxes67/77€676€1,365▲
Profit (loss) for the period9904-€726-€3,958▼
Profit (loss) for the period to be appropriated9905-€726-€3,958▼
Appropriation of the result
Profit (loss) to be appropriated9906-€726-€4,684▼
Profit (loss) brought forward from the previous period14P--€726

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Other operating charges640/8€2,034€1,651€992€928▼ 6.4%
Gross operating margin9900€16,866€32,931€5,015€2,285▼ 54.4%
Operating profit (loss)9901€14,832€31,280€4,024€1,357▼ 66.3%
Financial income75/76B€651€57-€96-
Recurring financial income75€651€57-€96-
Financial charges65/66B€4,122€4,030€4,074€4,045▼ 0.7%
Recurring financial charges65€4,122€4,030€4,074€4,045▼ 0.7%
Profit (loss) for the period before taxes9903€11,361€27,307-€50-€2,593▼ 5,106%
Income taxes67/77€2,326€5,461€676€1,365▲ 102%
Profit (loss) for the period9904€9,035€21,846-€726-€3,958▼ 445%
Profit (loss) for the period to be appropriated9905€9,035€21,846-€726-€3,958▼ 445%
Line2022202320242025Change
Assets
Total assets20/58€137,363€165,169€111,843€102,420▼ 8.4%
Current assets29/58€137,363€165,169€111,843€102,420▼ 8.4%
Stocks and contracts in progress3€129,407-€85,000€101,438▲ 19.3%
Stocks30/36€129,407-€85,000€101,438▲ 19.3%
Amounts receivable within one year40/41-€19,500---
Other amounts receivable41-€19,500---
Cash at bank and in hand54/58€7,956€145,669€26,843€981▼ 96.3%
Equity and liabilities
Total equity and liabilities10/49€137,363€165,169€111,843€102,420▼ 8.4%
Equity10/15€15,035€6,000€5,274€1,316▼ 75.0%
Contributions10/11€6,000€6,000€6,000€6,000=
Reserves13€9,035----
Distributable reserves133€9,035----
Profit (loss) carried forward14---€726-€4,684▼ 545%
Amounts payable17/49€122,328€159,169€106,569€101,104▼ 5.1%
Amounts payable within one year42/48€122,328€159,169€106,569€101,104▼ 5.1%
Trade debts44€1-€132€128▼ 2.7%
Suppliers440/4€1-€132€128▼ 2.7%
Taxes, remuneration and social security45€2,327€7,788€5,556€95▼ 98.3%
Taxes450/3€2,327€7,788€5,556€95▼ 98.3%
Other amounts payable47/48€120,000€151,381€100,881€100,881=
Line2022202320242025Change
Profit (loss) for the period9904€9,035€21,846-€726-€3,958▼ 445%
Operating cash flow (approximation)€9,035€21,846-€726-€3,958▼ 445%
Change in cash-€137,713-€118,826-€25,862▲ 78.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference
31-12-2025 micro format 10-07-2026 2026-00277485
31-12-2024 micro format 14-07-2025 2025-00263679
31-12-2023 micro format 09-07-2024 2024-00225267
31-12-2022 micro format 14-07-2023 2023-00239504

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.