REACTION
ActiveSummary
The computed 12-month bankruptcy probability of REACTION is 2.8% (moderate). The 2025 annual accounts show negative equity (-€4,113) and a net result of -€11,024. Its solvency ranks better than 7% of 34,728 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€4,113
- Loss
- -€11,024
Why 49raises riskLast filed accounts filed 68 days late; 1 of the last 3 lateNegative equity -€4,113Founded in 2024lowers riskLiquidity: current ratio 0.57, cash €8,158, halvedShow the evidence
Checked score
About 3 in 100 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 6% on solvency, 27% on liquidity, 4% on profitability and 2% on growth.
The bankruptcy probability was computed on 26-10-2026 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 2 accounts on average 48 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 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: ESCH Flavian (director) ·…
Financials · financial year 2025, micro format
2025 annual accounts filed late (68 days) Filed on 7 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00549611.
2024 to 2025, 2 financial years
The operating result turns negative in 2025: a loss of €10,317 after €5,419 in 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.
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).
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.8% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.8% 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 497,445 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 7,639 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €24,591 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,693 | €2,916 | ▲ 72.2% |
| Other operating charges640/8 | €276 | €32 | ▼ 88.5% |
| Gross operating margin9900 | €7,389 | €17,221 | ▲ 133% |
| Operating profit (loss)9901 | €5,419 | -€10,317 | - |
| Financial income75/76B | €468 | €1 | ▼ 99.9% |
| Recurring financial income75 | €468 | €1 | ▼ 99.9% |
| Financial charges65/66B | €833 | €708 | ▼ 15.0% |
| Recurring financial charges65 | €833 | €708 | ▼ 15.0% |
| Profit (loss) for the period before taxes9903 | €5,055 | -€11,024 | - |
| Income taxes67/77 | €1,144 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €3,911 | -€11,024 | - |
| Profit (loss) for the period to be appropriated9905 | €3,911 | -€11,024 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €56,749 | €26,433 | ▼ 53.4% |
| Formation expenses20 | €418 | €0 | ▼ 100% |
| Fixed assets21/28 | €6,908 | €8,979 | ▲ 30.0% |
| Intangible fixed assets21 | - | €311 | - |
| Tangible fixed assets22/27 | €6,908 | €8,668 | ▲ 25.5% |
| Furniture and vehicles24 | €6,908 | €8,668 | ▲ 25.5% |
| Current assets29/58 | €49,423 | €17,454 | ▼ 64.7% |
| Amounts receivable within one year40/41 | €18,947 | €3,418 | ▼ 82.0% |
| Trade receivables40 | €16,578 | €1,046 | ▼ 93.7% |
| Other amounts receivable41 | €2,368 | €2,372 | ▲ 0.1% |
| Cash at bank and in hand54/58 | €25,926 | €8,158 | ▼ 68.5% |
| Deferred charges and accrued income490/1 | €4,549 | €5,878 | ▲ 29.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €56,749 | €26,433 | ▼ 53.4% |
| Equity10/15 | €6,911 | -€4,113 | - |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €3,911 | -€7,113 | - |
| Amounts payable17/49 | €49,838 | €30,546 | ▼ 38.7% |
| Amounts payable within one year42/48 | €49,838 | €30,546 | ▼ 38.7% |
| Trade debts44 | €23,093 | €1,910 | ▼ 91.7% |
| Suppliers440/4 | €23,093 | €1,910 | ▼ 91.7% |
| Advances received on contracts in progress46 | - | €3,000 | - |
| Taxes, remuneration and social security45 | €2,479 | €4,714 | ▲ 90.1% |
| Taxes450/3 | €2,479 | €1,712 | ▼ 31.0% |
| Remuneration and social security454/9 | - | €3,002 | - |
| Other amounts payable47/48 | €24,266 | €20,922 | ▼ 13.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €3,911 | -€11,024 | - |
| + Depreciation and write-downs630 | €1,693 | €2,916 | ▲ 72.2% |
| Operating cash flow (approximation) | €5,604 | -€8,108 | - |
| Investment in fixed assets (approximation) | - | -€4,987 | - |
| Change in cash | - | -€17,769 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 07-10-2026 | 2026-00549611 |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00417074 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| ESCH Flavian |
|
Owners and capital
Capital and shareholders
- ESCH Flavian 100 shares (100%) · in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 27-05-2024 Incorporation · €3,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
27-05
Gazette deed
IncorporationAppointment: ESCH Flavian (director) · Founder · Founding capital13 facts ▸
- Incorporation, “REACTION” (deed in French)
- Founder, ESCH Flavian
- Founding capital, €3,000
- Other provision, “plan financier et responsabilité des fondateurs, capitaux propres de départ justifiés” (deed in French)
- Bank account, “société en formation, compte spécial” (deed in French)
- Capital
- Registered office clause, “Profondeville (5170 Bois-de-Villers) rue Gaston Ragon”, 16, “dépôt au greffe d'une expédition de l'acte constitutif” (deed in French)
- Director appointment, ESCH Flavian (director (not named in the articles))
- Board rule, 1, “assemblée” (deed in French)
- Pre-incorporation commitments, “takeover, tous engagements ainsi que obligations qui en résultent, et toutes activités entreprises par l'un ou l'autre des comparants au nom et pour compte soci…” (deed in French)
- Other provision, “frais et déclarations des parties”, 1450 (deed in French)
- Other provision, “présent acte, droit d'écriture” (deed in French)
- +1 further fact in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 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 1009.595.992
Environmental 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 |
|---|---|---|---|---|
| 92014C0711/00E000 | Wallonia | 318 m² | 1 · 50 m² | 9.6 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Travaux de préparation des sites; Travaux d'installation électrotechnique de bâtiment; Travaux d'isolation; Travaux de couverture; Montage…” (deed in French)
13 activities (deed in French)
- Travaux de préparation des sites
- Travaux d'installation électrotechnique de bâtiment
- Travaux d'isolation
- Travaux de couverture
- Montage de charpentes
- Travaux de couverture en tous matériaux
- Mise en place des éléments d'évacuation des eaux de pluie
- Travaux d'étanchéification des murs
- Travaux d'étanchéification des toits et des toitures-terrasses
- Traitement des murs avec des produits hydrofuges
- Autres activités de construction spécialisées
- Entreposage et stockage, y compris frigorifique
- Autres activités de soutien aux entreprises n.c.a.
- Name clauseThe name the company operates under according to its articles.
- REACTION
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne, transfert en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique par simple…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, un ou plusieurs administrateurs” (deed in French)“Mandat d'administrateur exercé gratuitement ou non, rémunération fixe ou proportionnelle” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions requises par le Code des sociétés et des associations” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Toutes cessions entre vifs à titre onéreux ou gratuit,volontaires ou forcées,exclusion et retrait,usufruit,nue-propriété ou pleine…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Dissolution en tout temps par décision assemblée générale délibérant dans formes prévues pour modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Quelque cause et quelque moment, faculté assemblée générale désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)