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RE SOLUTION

Active
Private limited companyfounded 2024active for 2 yearsWaterlaatstraat 15, 9160 Lokeren, BelgiumKBO/BCE: BE 1015.230.605

Financials · financial year 2025, micro format

2025 annual accounts filed 6 days after the deadline Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00392594.

Annual accounts 2025 filed on 06-08-2026 at the NBB

Turnover
≈ €110,000
Estimated: probably between €74,000 and €150,000
Total assets
€137,909
Net result
€13,238
Working capital
-€2,716

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
Assets €137,909
Fixed assets €83,061
Current assets €54,847
Equity and liabilities €137,909
Equity €14,238
Debt €123,671
Debt's share of the balance-sheet total is 89.7%.
Key figures and ratios
2025 value
EBITDA
€35,363
Cash flow
€26,758
Current ratio
0.95
Quick ratio
0.75
Debt to equity
8.69
ROE
93.0%
ROA
9.6%
Interest coverage
8.38
Debt ≤ 1 year
€57,563
Debt > 1 year
€66,064
Income taxes
€4,386

Investments

fixed assets acquired
Item2025
Tangible fixed assets€96,582
Financial fixed assets€0
Depreciation and write-downs of the year€13,520

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

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 46 lines
Balance sheet Code2025
Assets
Total assets20/58€137,909
Fixed assets21/28€83,061
Tangible fixed assets22/27€83,061
Furniture and vehicles24€39,449
Leasing and similar rights25€43,612
Current assets29/58€54,847
Amounts receivable after more than one year29€20,000
Other amounts receivable291€20,000
Stocks and contracts in progress3€11,647
Stocks30/36€11,647
Amounts receivable within one year40/41€17,060
Trade receivables40€12,834
Other amounts receivable41€4,226
Cash at bank and in hand54/58€5,532
Deferred charges and accrued income490/1€609
Equity and liabilities
Total equity and liabilities10/49€137,909
Equity10/15€14,238
Contributions10/11€1,000
Reserves13€13,238
Distributable reserves133€13,238
Amounts payable17/49€123,671
Amounts payable after more than one year17€66,064
Financial debts170/4€66,064
Amounts payable within one year42/48€57,563
Current portion of amounts payable after more than one year42€26,103
Financial debts43€20,980
Credit institutions430/8€20,980
Trade debts44€5,801
Suppliers440/4€5,801
Taxes, remuneration and social security45€4,386
Taxes450/3€4,386
Other amounts payable47/48€294
Accrued charges and deferred income492/3€43
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,520
Other operating charges640/8€2,070
Gross operating margin9900€37,433
Operating profit (loss)9901€21,843
Financial charges65/66B€4,219
Recurring financial charges65€4,219
Profit (loss) for the period before taxes9903€17,624
Income taxes67/77€4,386
Profit (loss) for the period9904€13,238
Profit (loss) for the period to be appropriated9905€13,238
Appropriation of the result
Profit (loss) to be appropriated9906€13,238
Transfer to equity691/2€13,238
To other reserves6921€13,238

The notes to these accounts have 10 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 06-08-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,520
Other operating charges640/8€2,070
Gross operating margin9900€37,433
Operating profit (loss)9901€21,843
Financial charges65/66B€4,219
Recurring financial charges65€4,219
Profit (loss) for the period before taxes9903€17,624
Income taxes67/77€4,386
Profit (loss) for the period9904€13,238
Profit (loss) for the period to be appropriated9905€13,238
Line2025
Assets
Total assets20/58€137,909
Fixed assets21/28€83,061
Tangible fixed assets22/27€83,061
Furniture and vehicles24€39,449
Leasing and similar rights25€43,612
Current assets29/58€54,847
Amounts receivable after more than one year29€20,000
Other amounts receivable291€20,000
Stocks and contracts in progress3€11,647
Stocks30/36€11,647
Amounts receivable within one year40/41€17,060
Trade receivables40€12,834
Other amounts receivable41€4,226
Cash at bank and in hand54/58€5,532
Deferred charges and accrued income490/1€609
Equity and liabilities
Total equity and liabilities10/49€137,909
Equity10/15€14,238
Contributions10/11€1,000
Reserves13€13,238
Distributable reserves133€13,238
Amounts payable17/49€123,671
Amounts payable after more than one year17€66,064
Financial debts170/4€66,064
Amounts payable within one year42/48€57,563
Current portion of amounts payable after more than one year42€26,103
Financial debts43€20,980
Credit institutions430/8€20,980
Trade debts44€5,801
Suppliers440/4€5,801
Taxes, remuneration and social security45€4,386
Taxes450/3€4,386
Other amounts payable47/48€294
Accrued charges and deferred income492/3€43
Line2025
Profit (loss) for the period9904€13,238
+ Depreciation and write-downs630€13,520
Operating cash flow (approximation)€26,758

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

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Historical observation

In July 2024, 7,976 companies had the same profile as RE SOLUTION has now. Two years later, 94.3% were still going and 3.6% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
94.3% was still going
1.8% stopped otherwise
3.6% went bankrupt

Another 0.3% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of RE SOLUTION itself is lower: 0.6% within 12 months. It rests on far more data about RE SOLUTION 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 7,976 companies, not a prediction for RE SOLUTION. 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.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 06-08-2026 2026-00392594 PDF

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