REA
ActiveSummary
REA has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151,544 and a net result of €16,659. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 95% of 9,799 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €151,544
- Profit
- €16,659
- DE RUYSSCHER KatiaDirector
- VERHOEVEN IwanDirector
Why 91raises risk2 of the last 3 late1 change of registered office in 24 monthslowers riskLiquidity: current ratio 14.16, cash €117,824Equity €151,544 (94.3% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 90% on solvency, 98% on liquidity, 63% on profitability and 59% on growth.
The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 54 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Equity above €150,000equity €151,544 ▲12.4%
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 13% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction 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), Staff (FTE).
Peer companies
Historical observationOf the 31,373 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
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 31,373 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €5,443 | €5,728 | €4,348 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,510 | €5,217 | €6,151 | €6,635 | €6,638 | €3,719 | €9,808 | €10,018 | ▲ 2.1% |
| Other operating charges640/8 | - | - | - | €4,066 | €4,625 | €1,026 | €1,198 | €1,294 | ▲ 8.0% |
| Gross operating margin9900 | €45,985 | €38,150 | €11,757 | €42,448 | €25,655 | €42,483 | €38,476 | €35,326 | ▼ 8.2% |
| Operating profit (loss)9901 | €11,896 | €30,874 | €2,989 | €26,304 | €8,663 | €33,389 | €27,471 | €24,014 | ▼ 12.6% |
| Financial income75/76B | - | - | - | €190 | €158 | €57 | €0 | - | - |
| Recurring financial income75 | €1,047 | €673 | €41 | €190 | €158 | €57 | €0 | - | - |
| Financial charges65/66B | - | - | - | €1,530 | €2,854 | €840 | €1,151 | €604 | ▼ 47.5% |
| Recurring financial charges65 | €3,289 | €2,127 | €417 | €1,530 | €2,854 | €840 | €1,151 | €604 | ▼ 47.5% |
| Profit (loss) for the period before taxes9903 | €9,654 | €29,420 | €2,613 | €24,964 | €5,967 | €32,605 | €26,320 | €23,410 | ▼ 11.1% |
| Income taxes67/77 | - | - | €50 | €1,597 | €1,832 | €7,182 | €7,285 | €6,752 | ▼ 7.3% |
| Profit (loss) for the period9904 | €9,654 | €29,420 | €2,564 | €23,367 | €4,135 | €25,423 | €19,035 | €16,659 | ▼ 12.5% |
| Profit (loss) for the period to be appropriated9905 | €9,654 | €29,420 | €2,564 | €23,367 | €4,135 | €25,423 | €19,035 | €16,659 | ▼ 12.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €132,218 | €240,459 | €222,886 | €283,783 | €143,788 | €141,611 | €144,549 | €160,629 | ▲ 11.1% |
| Fixed assets21/28 | €55,176 | €15,893 | €13,261 | €8,297 | €1,658 | €10,488 | €38,241 | €36,424 | ▼ 4.8% |
| Tangible fixed assets22/27 | €55,126 | €15,843 | €13,211 | €8,247 | €1,608 | €10,438 | €38,191 | €36,374 | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | - | €2,178 | €874 | €8,324 | €6,132 | €4,135 | ▼ 32.6% |
| Furniture and vehicles24 | - | - | - | €6,069 | €734 | €2,114 | €32,059 | €32,239 | ▲ 0.6% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €77,043 | €224,566 | €209,625 | €275,486 | €142,130 | €131,123 | €106,308 | €124,205 | ▲ 16.8% |
| Stocks and contracts in progress3 | €2,732 | €168,590 | €171,711 | €174,089 | €1,580 | €17,000 | - | - | - |
| Stocks30/36 | - | - | - | €174,089 | €1,580 | €17,000 | - | - | - |
| Amounts receivable within one year40/41 | €40,971 | €47,885 | €23,526 | €9,951 | €9,676 | €7,356 | €66,935 | €5,900 | ▼ 91.2% |
| Trade receivables40 | - | - | - | - | €5,940 | - | €4,741 | - | - |
| Other amounts receivable41 | - | - | - | €9,951 | €3,735 | €7,356 | €62,194 | €5,900 | ▼ 90.5% |
| Cash at bank and in hand54/58 | €13,339 | €8,091 | €14,387 | €85,213 | €130,493 | €102,373 | €35,666 | €117,824 | ▲ 230% |
| Deferred charges and accrued income490/1 | - | - | - | €6,234 | €382 | €4,394 | €3,706 | €481 | ▼ 87.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €132,218 | €240,459 | €222,886 | €283,783 | €143,788 | €141,611 | €144,549 | €160,629 | ▲ 11.1% |
| Equity10/15 | €56,943 | €86,362 | €88,926 | €92,293 | €96,428 | €115,851 | €134,886 | €151,544 | ▲ 12.4% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €38,351 | €67,770 | €70,334 | €73,701 | €77,836 | €97,259 | €116,294 | €132,952 | ▲ 14.3% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €22,366 | €22,366 | €19,804 | €19,804 | €19,804 | = |
| Distributable reserves133 | - | - | - | €49,476 | €53,611 | €77,455 | €96,490 | €113,149 | ▲ 17.3% |
| Amounts payable17/49 | €75,276 | €154,097 | €133,960 | €191,490 | €47,360 | €25,760 | €9,663 | €9,085 | ▼ 6.0% |
| Amounts payable after more than one year17 | €39,763 | €103,688 | €100,286 | €124,261 | €2,947 | - | - | - | - |
| Financial debts170/4 | - | - | - | €124,261 | €2,947 | - | - | - | - |
| Amounts payable within one year42/48 | €26,481 | €36,719 | €31,362 | €65,894 | €40,032 | €23,981 | €7,300 | €8,772 | ▲ 20.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,396 | €10,313 | €2,947 | - | - | - |
| Trade debts44 | €1,142 | €1 | €50 | - | €160 | €156 | €6,685 | €1,386 | ▼ 79.3% |
| Suppliers440/4 | - | - | - | - | €160 | €156 | €6,685 | €1,386 | ▼ 79.3% |
| Taxes, remuneration and social security45 | - | - | - | €14,695 | €10,209 | €548 | €615 | €3,242 | ▲ 427% |
| Taxes450/3 | - | - | - | €14,218 | €9,707 | €548 | €615 | €681 | ▲ 10.7% |
| Remuneration and social security454/9 | - | - | - | €477 | €502 | - | - | €2,561 | - |
| Other amounts payable47/48 | - | - | - | €40,803 | €19,350 | €20,330 | - | €4,145 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,335 | €4,381 | €1,779 | €2,363 | €312 | ▼ 86.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,654 | €29,420 | €2,564 | €23,367 | €4,135 | €25,423 | €19,035 | €16,659 | ▼ 12.5% |
| + Depreciation and write-downs630 | €31,510 | €5,217 | €6,151 | €6,635 | €6,638 | €3,719 | €9,808 | €10,018 | ▲ 2.1% |
| Operating cash flow (approximation) | €41,164 | €34,637 | €8,715 | €30,001 | €10,774 | €29,142 | €28,843 | €26,676 | ▼ 7.5% |
| Investment in fixed assets (approximation) | - | €34,065 | -€3,519 | -€1,670 | €0 | -€12,549 | -€37,561 | -€8,201 | ▲ 78.2% |
| Change in cash | - | -€5,248 | €6,296 | €70,826 | €45,280 | -€28,120 | -€66,707 | €82,158 | - |
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 | 29-07-2026 | 2026-00346796 |
| 31-12-2024 | abbreviated format | 12-09-2025 | 2025-00489782 |
| 31-12-2023 | abbreviated format | 03-10-2024 | 2024-00490663 |
| 31-12-2022 | abbreviated format | 24-08-2023 | 2023-00348061 |
| 31-12-2021 | abbreviated format | 30-09-2022 | 2022-20442521 |
| 31-12-2020 | abbreviated format | 25-10-2021 | 2021-72700228 |
| 31-12-2019 | abbreviated format | 09-11-2020 | 2020-69000132 |
| 31-12-2018 | abbreviated format | 23-08-2019 | 2019-49100058 |
| 31-12-2017 | abbreviated format | 22-08-2018 | 2018-47600320 |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-23800051 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €1,250 awarded · €1,250 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €750 | €750 |
| 2022 | 1 | €500 | €500 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DE RUYSSCHER Katia |
|
| VERHOEVEN Iwan |
|
Owners and capital
Capital and shareholders
- 21-12-2023 Capital stated in the deed · 750 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-01
Gazette deed
Registered officeRegistered-office move · Power of attorney3 facts ▸
- General meeting, “alle aandeelhouders”, 10:00 (deed in Dutch)
- Registered-office move, Valaarstraat 154 te 2610 Wilrijk
- Power of attorney, BT CONSULTANTS
21-12
Gazette deed
Reappointments: VERHOEVEN Iwan (director) and DE RUYSSCHER Katia (director)Capital conversion · Amendment of the articles · Capital10 facts ▸
- General meeting, 14-12-2023
- Other provision, “kennisname dwingende en aanvullende bepalingen WVV, artikel 39 §2 wet 2019-03-23 tot invoering WVV” (deed in Dutch)
- Capital conversion, “opheffing en beschikbaarstelling voor uitkering/toekomstige uitkeringen met statutenwijzigingsvormen en meerderheden, artikel 39 §2,derde lid wet 2019-03-23,BS…” (deed in Dutch)
- Amendment of the articles
- Capital
- Director reappointment, VERHOEVEN Iwan (director)
- Director reappointment, DE RUYSSCHER Katia (director)
- Power of attorney
- Power of attorney, Stephanie De Buysere
- Other provision, “besluitvorming en sluiting”, 17:30 (deed in Dutch)
Show earlier events
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0472.713.167
Recognitions · licences · registrations
Dual-learning approval
1 endedEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11462A0128/00C009 | Flanders | 261 m² | 1 · 119 m² | 7.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle stukadoorswerken,herstellings of bezettingswerken aan gebouwen,alsmede aanverwante werkzaamheden; De vennootschap mag alle…” (deed in Dutch)
10 activities (deed in Dutch)
- Alle stukadoorswerken,herstellings of bezettingswerken aan gebouwen,alsmede aanverwante werkzaamheden;
- De vennootschap mag alle brevetten,vergunningen of werken die betrekking hebben op haar voorwerp aankopen,uitbaten of afstaan;
- Het handelen als tussenpersoon,commissionair,vertegenwoordiger voor alle producten en diensten tenzij bij wet verboden;
- Het verlenen van bijstand,advies en leiding,het geven van trainingen aan bedrijven,privépersonen en instellingen,voornamelijk doch niet uitsluitend op het vlak van internationale handel alsook op het vlak van management,marketing,productie en ontwikkeling,processing en het besturen van vennootschappen,dit alles in de meest ruime zin. Terzake kan de vennootschap zelf of als tussenpersoon alle hulpmiddelen verschaffen,bestuursfuncties waarnemen of laten waarnemen en diensten verlenen die direct of indirect verband houden met het voorgaande. Deze diensten kunnen worden geleverd krachtens een contractuele of statutaire benoeming en in de hoedanigheid van externe raadgever of orgaan van de cliënt.
- Het beleggen van vermogens,het beheer van onroerend vermogen en de huurfinanciering van onroerende goederen aan derden,alsmede alle handelingen die rechtstreeks of onrechtstreeks met die voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen,zoals het onderhoud,de ontwikkeling,de verfraaiing,de koop en verkoop,de huur en verhuring van deze goederen,alsmede de borgstelling voor de goede afloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen.
- De vennootschap mag geenszins aan vermogensbeheer of beleggingsadvies doen als bedoeld in Boek IV van de wet van vier december negentienhonderd negentig op de financiële transacties en financiële markten en het Koninklijk Besluit over het vermogensbeheer en beleggingsadvies van vijf augustus negentienhonderd eenennegentig.
- In het algemeen zal de vennootschap alle industriële,commerciële en financiële,roerende en onroerende handelingen kunnen stellen die rechtstreeks of onrechtstreeks verband houden met haar voorwerp of bijdragen tot de verwezenlijking ervan.
- Zij mag betrokken zijn bij wijze van inbreng,samensmelting,inschrijving of op elke wijze,in de ondernemingen,verenigingen of vennootschappen die een gelijkaardig,soortgelijk of samenhangend doel hebben of die nuttig zijn voor de verwezenlijking van het geheel of een gedeelte van het voorwerp.
- Bovenvermelde opsomming is niet beperkend,zodat de vennootschap alle handelingen kan stellen die op welke wijze ook bijdragen tot de verwezenlijking van haar voorwerp.
- De vennootschap mag haar voorwerp verwezenlijken zowel in België als in het buitenland,op alle wijzen en manieren die zij het best geschikt zou achten.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- REA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, één of meer bestuurders” (deed in Dutch)“Vaste of evenredige vergoeding, al dan niet ten kosteloze titel” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Elke overdracht onder levenden ten bezwarende/kosteloze titel,vrijwillig/gedwongen met inbegrip uitsluiting en uittreding,in…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Vermogensverhoging en voorkeurrecht, voorkeurrecht aan eigenaar-pandgever” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment, algemene vergadering” (deed in Dutch)1 more provision on this in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar benoemd, vereffening en ontbinding in één akte” (deed in Dutch)