REAL
ActiveSummary
REAL has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €187,722 and a net result of €957. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 76% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+64
Solvency89▼-11
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 2.7 against 4.63 in 2023; short-term debt: 35.8% and cash: 49.9% of total assets), and 35.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
86 d late
2022
87 d late
2021
137 d late
2020
17 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 52 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€187,722▲ 0.5%
2023 · €186,765
Total assets
€292,200▲ 25.2%
2023 · €233,457
Net result
€957
2023 · -€25,875
Working capital
€177,150▲ 4.5%
2023 · €169,579
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€4,655▼ 66.7%€37,001▲ 695%€31,834▼ 14.0%-€35,291€14,016
Net result€15,060within the sector's middle half▲ 118%€31,317above the sector's middle half▲ 108%€31,913above the sector's middle half▲ 1.9%-€25,875below the sector's middle half€957within the sector's middle half
Equity€149,410above the sector's middle half▲ 11.2%€180,727above the sector's middle half▲ 21.0%€212,640above the sector's middle half▲ 17.7%€186,765above the sector's middle half▼ 12.2%€187,722above the sector's middle half▲ 0.5%
Total assets€211,198within the sector's middle half▲ 29.4%€245,425within the sector's middle half▲ 16.2%€281,677within the sector's middle half▲ 14.8%€233,457within the sector's middle half▼ 17.1%€292,200within the sector's middle half▲ 25.2%
Debt€61,788▲ 114%€64,698▲ 4.7%€69,037▲ 6.7%€46,692▼ 32.4%€104,478▲ 124%
Working capital€115,844above the sector's middle half▼ 13.7%€141,310above the sector's middle half▲ 22.0%€183,674above the sector's middle half▲ 30.0%€169,579above the sector's middle half▼ 7.7%€177,150above the sector's middle half▲ 4.5%
Solvency70.7%above the sector's middle half▼ 11.6pp73.6%above the sector's middle half▲ 2.9pp75.5%above the sector's middle half▲ 1.9pp80.0%above the sector's middle half▲ 4.5pp64.2%above the sector's middle half▼ 15.8pp
Current ratio2.87above the sector's middle half▼ 2.783.18above the sector's middle half▲ 0.313.66above the sector's middle half▲ 0.484.63above the sector's middle half▲ 0.972.70within the sector's middle half▼ 1.94
Return on assets (ROA)7.1%within the sector's middle half▲ 2.9pp12.8%within the sector's middle half▲ 5.6pp11.3%within the sector's middle half▼ 1.4pp-11.1%below the sector's middle half▼ 22.4pp0.3%within the sector's middle half▲ 11.4pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €14,016 after a loss of €35,291 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €292,200
Fixed assets
€10,572 ▼ 38.5%
Current assets
€281,628 ▲ 30.2%
Equity and liabilities €292,200
Equity
€187,722 ▲ 0.5%
Debt
€104,478 ▲ 124%
Debt's share of the balance-sheet total rises from 20.0% to 35.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,630▲
2023 · -€23,511
Cash flow
€7,571▲
2023 · -€14,095
Quick ratio
2.44▼
2023 · 3.59
Debt to equity
0.56▲
2023 · 0.25
ROE
0.5%▲
2023 · -13.9%
Interest coverage
438.94▲
2023 · -461.00
Debt ≤ 1 year
€104,478▲
2023 · €46,692
Income taxes
€13,192▼
2023 · €17,158
Staff costs
€51,987▲
2023 · €46,233
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 17,039 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €50,042 | €43,193 | €46,233 | €51,987 | ▲ 12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,833 | €11,337 | €11,781 | €11,780 | €6,614 | ▼ 43.9% |
| Other operating charges640/8 | - | €1,559 | €2,359 | €6,971 | €1,343 | ▼ 80.7% |
| Gross operating margin9900 | €18,932 | €99,939 | €89,167 | €29,693 | €73,960 | ▲ 149% |
| Operating profit (loss)9901 | €4,655 | €37,001 | €31,834 | -€35,291 | €14,016 | ▲ 140% |
| Financial income75/76B | - | €2,505 | €115 | €26,625 | €180 | ▼ 99.3% |
| Recurring financial income75 | €4,000 | €2,505 | €115 | €18,000 | €180 | ▼ 99.0% |
| Non-recurring financial income76B | - | €2,505 | €115 | €8,625 | €180 | ▼ 97.9% |
| Financial charges65/66B | - | €51 | €36 | €51 | €47 | ▼ 7.8% |
| Recurring financial charges65 | €43 | €51 | €36 | €51 | €47 | ▼ 7.8% |
| Profit (loss) for the period before taxes9903 | €15,060 | €39,455 | €31,913 | -€8,717 | €14,149 | ▲ 262% |
| Income taxes67/77 | - | €8,138 | - | €17,158 | €13,192 | ▼ 23.1% |
| Profit (loss) for the period9904 | €15,060 | €31,317 | €31,913 | -€25,875 | €957 | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | €15,060 | €31,317 | €31,913 | -€25,875 | €957 | ▲ 104% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €211,198 | €245,425 | €281,677 | €233,457 | €292,200 | ▲ 25.2% |
| Fixed assets21/28 | €33,566 | €39,417 | €28,966 | €17,186 | €10,572 | ▼ 38.5% |
| Tangible fixed assets22/27 | €23,331 | €29,182 | €18,731 | €6,951 | €337 | ▼ 95.2% |
| Plant, machinery and equipment23 | - | €8,769 | €5,958 | €3,148 | €337 | ▼ 89.3% |
| Furniture and vehicles24 | - | €20,413 | €12,773 | €3,803 | - | - |
| Financial fixed assets28 | €10,235 | €10,235 | €10,235 | €10,235 | €10,235 | = |
| Current assets29/58 | €177,632 | €206,008 | €252,711 | €216,271 | €281,628 | ▲ 30.2% |
| Stocks and contracts in progress3 | €58,980 | €64,481 | €56,217 | €48,717 | €26,217 | ▼ 46.2% |
| Stocks30/36 | - | €64,481 | €56,217 | €48,717 | €26,217 | ▼ 46.2% |
| Amounts receivable within one year40/41 | €27,780 | €18,477 | €30,539 | €39,328 | €109,484 | ▲ 178% |
| Trade receivables40 | - | €14,241 | €18,080 | €26,869 | €92,405 | ▲ 244% |
| Other amounts receivable41 | - | €4,236 | €12,459 | €12,459 | €17,079 | ▲ 37.1% |
| Cash at bank and in hand54/58 | €90,872 | €123,050 | €165,955 | €128,226 | €145,927 | ▲ 13.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €211,198 | €245,425 | €281,677 | €233,457 | €292,200 | ▲ 25.2% |
| Equity10/15 | €149,410 | €180,727 | €212,640 | €186,765 | €187,722 | ▲ 0.5% |
| Contributions10/11 | €12,890 | €12,890 | €12,890 | €12,890 | €12,890 | = |
| Capital10 | - | €12,890 | €12,890 | - | - | - |
| Issued capital100 | - | €18,592 | €18,592 | - | - | - |
| Uncalled capital101 | - | €5,702 | €5,702 | - | - | - |
| Outside capital11 | - | - | - | €12,890 | €12,890 | = |
| Other1109/19 | - | - | - | €12,890 | €12,890 | = |
| Reserves13 | €3,092 | €3,092 | €3,092 | €3,092 | €3,092 | = |
| Non-distributable reserves130/1 | - | €1,092 | €1,092 | €1,092 | €1,092 | = |
| Reserves not available under the articles1311 | - | €1,092 | €1,092 | €1,092 | €1,092 | = |
| Tax-exempt reserves132 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €133,428 | €164,745 | €196,658 | €170,783 | €171,740 | ▲ 0.6% |
| Amounts payable17/49 | €61,788 | €64,698 | €69,037 | €46,692 | €104,478 | ▲ 124% |
| Amounts payable within one year42/48 | €61,788 | €64,698 | €69,037 | €46,692 | €104,478 | ▲ 124% |
| Trade debts44 | €42,750 | €36,680 | €37,806 | €27,859 | €84,305 | ▲ 203% |
| Suppliers440/4 | - | €36,680 | €37,806 | €27,859 | €84,305 | ▲ 203% |
| Taxes, remuneration and social security45 | - | €10,018 | €13,231 | €18,833 | €20,173 | ▲ 7.1% |
| Taxes450/3 | - | €173 | €3,912 | €3,296 | €3,437 | ▲ 4.3% |
| Remuneration and social security454/9 | - | €9,845 | €9,319 | €15,537 | €16,736 | ▲ 7.7% |
| Other amounts payable47/48 | - | €18,000 | €18,000 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,060 | €31,317 | €31,913 | -€25,875 | €957 | ▲ 104% |
| + Depreciation and write-downs630 | €5,833 | €11,337 | €11,781 | €11,780 | €6,614 | ▼ 43.9% |
| Operating cash flow (approximation) | €20,893 | €42,654 | €43,694 | -€14,095 | €7,571 | ▲ 154% |
| Investment in fixed assets (approximation) | - | -€17,188 | -€1,330 | €0 | €0 | - |
| Change in cash | - | €32,178 | €42,905 | -€37,729 | €17,701 | ▲ 147% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Back to profitnet €957
Net result €957 after one loss-making year.
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 86 days late
2023
31-12
Financial
Weakest financial yearnet -€25,875
Net result drops to -€25,875, the lowest in the series; recovery starts the following year.
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 87 days late
2022
31-12
Financial
Highest result since 2018net €31,913 ▲1.9%
Net result €31,913, the highest in the series.
31-12
Financial
Equity above €200,000Eq €212,640 ▲17.7%
5 profitable years in a row build equity to €212,640.
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 137 days late
2021
31-12
Financial
Equity above €150,000Eq €180,727 ▲21%
4 profitable years in a row build equity to €180,727.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 1998
Ground area
80 m²
Building footprint
80 m²
Volume, LiDAR
1,398 m³
Parcel 21012A0011/00W015, Brussels · tallest building 24.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Edmond Van Cauwenberghstraat 42, 1080 Sint-Jans-Molenbeek
since 19982.086.357.459
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21012A0011/00W015 | Brussels | 80 m² | 1 · 80 m² | 24.5 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Jans-Molenbeek2.086.357.459
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Of 3,823 companies in sector 47210 we hold annual accounts for 965. 716 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-12-1997
Fiscal year end31-12
Activities, NACEBEL 2025
47210Retail sale of fruit and vegetables
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461990214
Also
9925:BE0461990214
Registered
18-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.