RE - TYRES
ActiveSummary
RE - TYRES has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €250,876 and a net result of €57,156. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 61% of 10,603 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, abbreviated format
Equity
€250,876▼ 26.9%
2024 · €343,417
Total assets
€389,930▼ 9.3%
2024 · €429,948
Net result
€57,156▼ 17.6%
2024 · €69,348
Working capital
€36,496▼ 73.0%
2024 · €135,193
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 5% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€90,746
2025
Net result€57,156
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€389,930
2025
Equity€250,876
2025
Debt€139,054
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€36,496
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)14.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency64.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.26
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€71,930-€92,407▲ 28.5%€104,890▲ 13.5%€78,306▼ 25.3%€122,640▲ 56.6%€112,241▼ 8.5%€86,090▼ 23.3%€90,746▲ 5.4%
Net result€39,128-€50,649▲ 29.4%€64,524above the sector's middle half▲ 27.4%€46,512within the sector's middle half▼ 27.9%€72,361above the sector's middle half▲ 55.6%€136,050above the sector's middle half▲ 88.0%€69,348above the sector's middle half▼ 49.0%€57,156within the sector's middle half▼ 17.6%
Equity€110,142-€159,991▲ 45.3%€220,514within the sector's middle half▲ 37.8%€261,263above the sector's middle half▲ 18.5%€304,459above the sector's middle half▲ 16.5%€324,569above the sector's middle half▲ 6.6%€343,417above the sector's middle half▲ 5.8%€250,876within the sector's middle half▼ 26.9%
Total assets€533,714-€554,759▲ 3.9%€601,729above the sector's middle half▲ 8.5%€630,189above the sector's middle half▲ 4.7%€465,127within the sector's middle half▼ 26.2%€480,215within the sector's middle half▲ 3.2%€429,948within the sector's middle half▼ 10.5%€389,930within the sector's middle half▼ 9.3%
Debt€423,573-€394,769▼ 6.8%€381,215▼ 3.4%€368,927▼ 3.2%€160,668▼ 56.4%€155,646▼ 3.1%€86,531▼ 44.4%€139,054▲ 60.7%
Working capital€90,373-€103,531▲ 14.6%€86,025within the sector's middle half▼ 16.9%€94,096within the sector's middle half▲ 9.4%€11,506within the sector's middle half▼ 87.8%€123,975within the sector's middle half▲ 977%€135,193within the sector's middle half▲ 9.0%€36,496within the sector's middle half▼ 73.0%
Solvency20.6%-28.8%▲ 8.2pp36.6%within the sector's middle half▲ 7.8pp41.5%within the sector's middle half▲ 4.8pp65.5%within the sector's middle half▲ 24.0pp67.6%within the sector's middle half▲ 2.1pp79.9%above the sector's middle half▲ 12.3pp64.3%within the sector's middle half▼ 15.5pp
Current ratio1.54-1.63▲ 0.091.41within the sector's middle half▼ 0.221.41within the sector's middle half=1.09within the sector's middle half▼ 0.321.90within the sector's middle half▲ 0.812.73within the sector's middle half▲ 0.841.26within the sector's middle half▼ 1.47
Return on assets (ROA)7.3%-9.1%▲ 1.8pp10.7%within the sector's middle half▲ 1.6pp7.4%within the sector's middle half▼ 3.3pp15.6%within the sector's middle half▲ 8.2pp28.3%within the sector's middle half▲ 12.8pp16.1%within the sector's middle half▼ 12.2pp14.7%within the sector's middle half▼ 1.5pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €389,930
Fixed assets
€214,634 ▼ 1.0%
Current assets
€175,296 ▼ 17.8%
Equity and liabilities €389,930
Equity
€250,876 ▼ 26.9%
Debt
€139,054 ▲ 60.7%
Debt's share of the balance-sheet total rises from 20.1% to 35.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€93,376▲
2024 · €89,057
Cash flow
€59,786▼
2024 · €72,316
Debt to equity
0.55▲
2024 · 0.25
ROE
22.8%▲
2024 · 20.2%
Interest coverage
21.56▲
2024 · 14.87
Debt ≤ 1 year
€138,801▲
2024 · €78,011
Income taxes
€31,785▼
2024 · €39,174
Staff costs
€5,341
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €29,788 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €5,341 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,976 | €175 | €352 | €230 | €1,454 | €2,771 | €2,968 | €2,630 | ▼ 11.4% |
| Other operating charges640/8 | - | - | - | €1,535 | €735 | €2,630 | €6,429 | €2,727 | ▼ 57.6% |
| Gross operating margin9900 | €83,502 | €94,149 | €106,332 | €80,071 | €124,830 | €117,642 | €95,486 | €101,444 | ▲ 6.2% |
| Operating profit (loss)9901 | €71,930 | €92,407 | €104,890 | €78,306 | €122,640 | €112,241 | €86,090 | €90,746 | ▲ 5.4% |
| Financial income75/76B | - | - | - | €3,423 | €1,584 | €59,679 | €28,423 | €2,526 | ▼ 91.1% |
| Recurring financial income75 | €6,671 | €2,064 | €2,157 | €3,423 | €1,584 | €59,679 | €28,423 | €2,526 | ▼ 91.1% |
| Financial charges65/66B | - | - | - | €10,653 | €17,980 | €5,172 | €5,991 | €4,331 | ▼ 27.7% |
| Recurring financial charges65 | €18,054 | €12,920 | €9,926 | €10,653 | €17,980 | €5,172 | €5,991 | €4,331 | ▼ 27.7% |
| Profit (loss) for the period before taxes9903 | €64,396 | €81,550 | €97,121 | €71,076 | €106,244 | €166,748 | €108,522 | €88,941 | ▼ 18.0% |
| Income taxes67/77 | €25,269 | €30,902 | €32,597 | €24,563 | €33,883 | €30,698 | €39,174 | €31,785 | ▼ 18.9% |
| Profit (loss) for the period9904 | €39,128 | €50,649 | €64,524 | €46,512 | €72,361 | €136,050 | €69,348 | €57,156 | ▼ 17.6% |
| Profit (loss) for the period to be appropriated9905 | €39,128 | €50,649 | €64,524 | €46,512 | €72,361 | €136,050 | €69,348 | €57,156 | ▼ 17.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €533,714 | €554,759 | €601,729 | €630,189 | €465,127 | €480,215 | €429,948 | €389,930 | ▼ 9.3% |
| Fixed assets21/28 | €276,770 | €287,095 | €305,433 | €305,203 | €320,556 | €217,954 | €216,743 | €214,634 | ▼ 1.0% |
| Intangible fixed assets21 | - | - | - | - | €9,756 | - | - | - | - |
| Tangible fixed assets22/27 | €350 | €175 | €513 | €283 | €5,881 | €5,105 | €3,894 | €1,785 | ▼ 54.2% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €404 | - |
| Furniture and vehicles24 | - | - | - | €283 | €5,881 | €5,105 | €3,894 | €1,381 | ▼ 64.5% |
| Financial fixed assets28 | €276,420 | €286,920 | €304,920 | €304,920 | €304,920 | €212,849 | €212,849 | €212,849 | = |
| Current assets29/58 | €256,945 | €267,665 | €296,296 | €324,987 | €144,571 | €262,261 | €213,204 | €175,296 | ▼ 17.8% |
| Amounts receivable after more than one year29 | - | - | - | €107,028 | €95,561 | €91,848 | €89,603 | €87,291 | ▼ 2.6% |
| Other amounts receivable291 | - | - | - | €107,028 | €95,561 | €91,848 | €89,603 | €87,291 | ▼ 2.6% |
| Stocks and contracts in progress3 | €156,213 | €156,213 | €156,213 | €156,213 | - | - | - | - | - |
| Stocks30/36 | - | - | - | €156,213 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €94,314 | €106,314 | €18,013 | €60,409 | €46,200 | €147,963 | €91,968 | €82,787 | ▼ 10.0% |
| Trade receivables40 | - | - | - | €13,306 | €388 | €12,514 | €10,470 | €24,771 | ▲ 137% |
| Other amounts receivable41 | - | - | - | €47,103 | €45,811 | €135,449 | €81,498 | €58,016 | ▼ 28.8% |
| Cash at bank and in hand54/58 | €440 | €355 | €270 | €298 | €1,021 | €864 | €22 | €3,230 | ▲ 14,421% |
| Deferred charges and accrued income490/1 | - | - | - | €1,039 | €1,789 | €21,586 | €31,611 | €1,988 | ▼ 93.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €533,714 | €554,759 | €601,729 | €630,189 | €465,127 | €480,215 | €429,948 | €389,930 | ▼ 9.3% |
| Equity10/15 | €110,142 | €159,991 | €220,514 | €261,263 | €304,459 | €324,569 | €343,417 | €250,876 | ▼ 26.9% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €75,916 | €141,399 | €201,922 | €242,671 | €285,867 | €305,977 | €324,825 | €232,284 | ▼ 28.5% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | - | - | - | €240,811 | €284,008 | €305,977 | €324,825 | €232,284 | ▼ 28.5% |
| Profit (loss) carried forward14 | €15,634 | €15,634 | €15,634 | - | - | - | - | - | - |
| Amounts payable17/49 | €423,573 | €394,769 | €381,215 | €368,927 | €160,668 | €155,646 | €86,531 | €139,054 | ▲ 60.7% |
| Amounts payable after more than one year17 | €217,628 | €186,414 | €159,471 | €138,036 | €27,293 | €17,360 | €7,068 | - | - |
| Financial debts170/4 | - | - | - | €138,036 | €27,293 | €17,360 | €7,068 | - | - |
| Amounts payable within one year42/48 | €166,572 | €164,134 | €210,271 | €230,891 | €133,065 | €138,286 | €78,011 | €138,801 | ▲ 77.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €21,435 | €9,586 | €44,933 | €18,658 | €15,444 | ▼ 17.2% |
| Financial debts43 | - | - | - | - | - | €2,149 | €6,540 | €5,591 | ▼ 14.5% |
| Credit institutions430/8 | - | - | - | - | - | €2,149 | €6,540 | €5,591 | ▼ 14.5% |
| Trade debts44 | €19,365 | €9,757 | €10,025 | €6,154 | €502 | €16,123 | €1,232 | €9,025 | ▲ 633% |
| Suppliers440/4 | - | - | - | €6,154 | €502 | €16,123 | €1,232 | €9,025 | ▲ 633% |
| Advances received on contracts in progress46 | - | - | - | €903 | €903 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €55,744 | €105,223 | €72,328 | €51,582 | €54,919 | ▲ 6.5% |
| Taxes450/3 | - | - | - | €55,744 | €105,223 | €72,328 | €51,582 | €53,956 | ▲ 4.6% |
| Remuneration and social security454/9 | - | - | - | - | - | - | - | €963 | - |
| Other amounts payable47/48 | - | - | - | €146,655 | €16,850 | €2,753 | - | €53,822 | - |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €310 | - | €1,452 | €253 | ▼ 82.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,128 | €50,649 | €64,524 | €46,512 | €72,361 | €136,050 | €69,348 | €57,156 | ▼ 17.6% |
| + Depreciation and write-downs630 | €3,976 | €175 | €352 | €230 | €1,454 | €2,771 | €2,968 | €2,630 | ▼ 11.4% |
| Operating cash flow (approximation) | €43,104 | €50,824 | €64,875 | €46,742 | €73,816 | €138,820 | €72,316 | €59,786 | ▼ 17.3% |
| Investment in fixed assets (approximation) | - | -€10,500 | -€18,690 | €0 | -€16,808 | €99,831 | -€1,757 | -€521 | ▲ 70.3% |
| Change in cash | - | -€86 | -€84 | €27 | €724 | -€157 | -€842 | €3,207 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-07-2026 | 2026-00333009 |
| 31-12-2024 | micro format | 14-07-2025 | 2025-00265139 |
| 31-12-2023 | micro format | 26-06-2024 | 2024-00164494 |
| 31-12-2022 | micro format | 17-07-2023 | 2023-00239473 |
| 31-12-2021 | micro format | 27-07-2022 | 2022-20245214 |
| 31-12-2020 | micro format | 14-09-2021 | 2021-67100570 |
| 31-12-2019 | micro format | 29-10-2020 | 2020-66200549 |
| 31-12-2018 | abbreviated format | 19-07-2019 | 2019-34900599 |
| 31-12-2017 | abbreviated format | 28-08-2018 | 2018-51500136 |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-56100199 |
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Of the 82,258 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,849. 39,632 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €915 awarded · €915 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €195 | €195 |
| 2024 | 1 | €720 | €720 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.