Réal
ActiveSummary
Réal has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63k and a net result of €6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 86% of 958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-21
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 5.98 against 4.23 in 2024; short-term debt: 13.7% and cash: 31.4% of total assets), and 13.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.3%
Return on assets
8.1%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €63k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
7 d early
2023
7 d early
2022
6 d early
2021
3 d early
2020
9 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€63k▲ 10.4%
2024 · €57k
2018: €21k
2019: €14k▼ -34.3% vs 2018
2020: €7k▼ -52.1% vs 2019lowest in 8 years
2021: €15k▲ +124% vs 2020
2022: €17k▲ +13.4% vs 2021
2023: €26k▲ +56.6% vs 2022
2024: €57k▲ +115% vs 2023
2025: €63k▲ +10.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€73k▲ 4.5%
2024 · €70k
2018: €55k
2019: €39k▼ -28.0% vs 2018
2020: €32k▼ -19.2% vs 2019lowest in 8 years
2021: €34k▲ +6.9% vs 2020
2022: €43k▲ +26.8% vs 2021
2023: €37k▼ -14.7% vs 2022
2024: €70k▲ +90.0% vs 2023
2025: €73k▲ +4.5% vs 2024highest in 8 years
2018 → 2025
Net result
€6k▼ 80.6%
2024 · €31k
2018: €4k
2019: €-7k▼ -290% vs 2018lowest in 8 years
2020: €-7k▲ +0.4% vs 2019
2021: €8k▲ +215% vs 2020
2022: €12k▲ +45.0% vs 2021
2023: €10k▼ -20.2% vs 2022
2024: €31k▲ +219% vs 2023highest in 8 years
2025: €6k▼ -80.6% vs 2024
2018 → 2025
Working capital
€50k▲ 20.9%
2024 · €41k
2018: €10k
2019: €2k▼ -78.7% vs 2018
2020: €-8k▼ -457% vs 2019lowest in 8 years
2021: €2k▲ +125% vs 2020
2022: €8k▲ +289% vs 2021
2023: €17k▲ +111% vs 2022
2024: €41k▲ +150% vs 2023
2025: €50k▲ +20.9% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€15k-€17k▲ 13.4%€26k▲ 56.6%€57k▲ 115%€63k▲ 10.4%
2021: €15klowest in 5 years
2022: €17k▲ +13.4% vs 2021
2023: €26k▲ +56.6% vs 2022
2024: €57k▲ +115% vs 2023
2025: €63k▲ +10.4% vs 2024highest in 5 years
Operating result€13k-€20k▲ 51.5%€16k▼ 18.5%€51k▲ 213%€9k▼ 81.4%
2021: €13k
2022: €20k▲ +51.5% vs 2021
2023: €16k▼ -18.5% vs 2022
2024: €51k▲ +213% vs 2023highest in 5 years
2025: €9k▼ -81.4% vs 2024lowest in 5 years
Net result€8k-€12k▲ 45.0%€10k▼ 20.2%€31k▲ 219%€6k▼ 80.6%
2021: €8k
2022: €12k▲ +45.0% vs 2021
2023: €10k▼ -20.2% vs 2022
2024: €31k▲ +219% vs 2023highest in 5 years
2025: €6k▼ -80.6% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €73k
Fixed assets
€13k ▼ 16.9%
Current assets
€60k ▲ 10.8%
Equity and liabilities €73k
Equity
€63k ▲ 10.4%
Debt
€10k ▼ 21.7%
Debt's share of the balance-sheet total falls from 18.3% to 13.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▼
2024 · €55k
Cash flow
€12k▼
2024 · €35k
Current ratio
5.98▲
2024 · 4.23
Quick ratio
3.68▲
2024 · 2.56
Debt to equity
0.16▼
2024 · 0.22
ROE
9.4%▼
2024 · 53.6%
ROA
8.1%▼
2024 · 43.8%
Interest coverage
50.66▼
2024 · 362.59
Debt ≤ 1 year
€10k▼
2024 · €13k
Income taxes
€3k▼
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€70k€73k▲
Fixed assets21/28€16k€13k▼
Intangible fixed assets21€3k€3k▼
Tangible fixed assets22/27€12k€9k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€5k€4k▼
Financial fixed assets28€636€786▲
Current assets29/58€54k€60k▲
Stocks and contracts in progress3€21k€23k▲
Stocks30/36€21k€23k▲
Amounts receivable within one year40/41€7k€14k▲
Trade receivables40€4k€11k▲
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€25k€23k▼
Deferred charges and accrued income490/1€684€150▼
Equity and liabilities
Total equity and liabilities10/49€70k€73k▲
Equity10/15€57k€63k▲
Contributions10/11€6k€6k=
Reserves13€46k€51k▲
Distributable reserves133€46k€51k▲
Profit (loss) carried forward14€4k€5k▲
Amounts payable17/49€13k€10k▼
Amounts payable within one year42/48€13k€10k▼
Trade debts44€5k€409▼
Suppliers440/4€5k€409▼
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€8k€10k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€56k€16k▼
Operating profit (loss)9901€51k€9k▼
Financial income75/76B€18€74▲
Recurring financial income75€18€74▲
Financial charges65/66B€151€300▲
Recurring financial charges65€151€300▲
Profit (loss) for the period before taxes9903€50k€9k▼
Income taxes67/77€20k€3k▼
Profit (loss) for the period9904€31k€6k▼
Profit (loss) for the period to be appropriated9905€31k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€10k▼
Profit (loss) brought forward from the previous period14P€4k€4k▲
Transfer to equity691/2€30k€5k▼
To other reserves6921€30k€5k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €3k | €4k | €6k | ▲ 45.7% |
| Other operating charges640/8 | €1k | €1k | €1k | €1k | €1k | ▼ 27.5% |
| Gross operating margin9900 | €23k | €29k | €21k | €56k | €16k | ▼ 71.0% |
| Operating profit (loss)9901 | €13k | €20k | €16k | €51k | €9k | ▼ 81.4% |
| Financial income75/76B | €36 | €10 | - | €18 | €74 | ▲ 313% |
| Recurring financial income75 | €36 | €10 | - | €18 | €74 | ▲ 313% |
| Financial charges65/66B | €280 | €364 | €226 | €151 | €300 | ▲ 99.0% |
| Recurring financial charges65 | €280 | €364 | €226 | €151 | €300 | ▲ 99.0% |
| Profit (loss) for the period before taxes9903 | €13k | €19k | €16k | €50k | €9k | ▼ 81.8% |
| Income taxes67/77 | €5k | €8k | €6k | €20k | €3k | ▼ 83.7% |
| Profit (loss) for the period9904 | €8k | €12k | €10k | €31k | €6k | ▼ 80.6% |
| Profit (loss) for the period to be appropriated9905 | €8k | €12k | €10k | €31k | €6k | ▼ 80.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34k | €43k | €37k | €70k | €73k | ▲ 4.5% |
| Fixed assets21/28 | €13k | €9k | €10k | €16k | €13k | ▼ 16.9% |
| Intangible fixed assets21 | - | - | - | €3k | €3k | ▼ 15.6% |
| Tangible fixed assets22/27 | €12k | €8k | €9k | €12k | €9k | ▼ 19.5% |
| Plant, machinery and equipment23 | €4k | €3k | €3k | €4k | €3k | ▼ 6.4% |
| Furniture and vehicles24 | €7k | €5k | €4k | €3k | €2k | ▼ 39.4% |
| Other tangible fixed assets26 | €1k | €1k | €3k | €5k | €4k | ▼ 18.9% |
| Financial fixed assets28 | €596 | €636 | €636 | €636 | €786 | ▲ 23.6% |
| Current assets29/58 | €21k | €34k | €27k | €54k | €60k | ▲ 10.8% |
| Stocks and contracts in progress3 | €3k | €4k | €10k | €21k | €23k | ▲ 8.0% |
| Stocks30/36 | €3k | €4k | €10k | €21k | €23k | ▲ 8.0% |
| Amounts receivable within one year40/41 | €15k | €9k | €1k | €7k | €14k | ▲ 102% |
| Trade receivables40 | €15k | €3k | €605 | €4k | €11k | ▲ 171% |
| Other amounts receivable41 | - | €6k | €730 | €3k | €3k | ▲ 8.5% |
| Cash at bank and in hand54/58 | €3k | €20k | €16k | €25k | €23k | ▼ 9.0% |
| Deferred charges and accrued income490/1 | - | - | - | €684 | €150 | ▼ 78.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34k | €43k | €37k | €70k | €73k | ▲ 4.5% |
| Equity10/15 | €15k | €17k | €26k | €57k | €63k | ▲ 10.4% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €9k | €9k | €16k | €46k | €51k | ▲ 10.8% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | €7k | €7k | €15k | €46k | €51k | ▲ 10.8% |
| Profit (loss) carried forward14 | €-258 | €2k | €4k | €4k | €5k | ▲ 21.5% |
| Amounts payable17/49 | €19k | €26k | €10k | €13k | €10k | ▼ 21.7% |
| Amounts payable within one year42/48 | €19k | €26k | €10k | €13k | €10k | ▼ 21.7% |
| Current portion of amounts payable after more than one year42 | €3k | - | - | - | - | - |
| Trade debts44 | €5k | €2k | €2k | €5k | €409 | ▼ 91.7% |
| Suppliers440/4 | €5k | €2k | €2k | €5k | €409 | ▼ 91.7% |
| Taxes, remuneration and social security45 | €7k | €14k | €8k | €8k | €10k | ▲ 22.3% |
| Taxes450/3 | €7k | €14k | €8k | €8k | €10k | ▲ 22.3% |
| Other amounts payable47/48 | €3k | €10k | - | - | - | - |
| Accrued charges and deferred income492/3 | €69 | €28 | €37 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €12k | €10k | €31k | €6k | ▼ 80.6% |
| + Depreciation and write-downs630 | €8k | €8k | €3k | €4k | €6k | ▲ 45.7% |
| Operating cash flow (approximation) | €17k | €20k | €13k | €35k | €12k | ▼ 66.1% |
| Investment in fixed assets (approximation) | - | €-4k | €-4k | €-10k | €-3k | ▲ 68.4% |
| Change in cash | - | €17k | €-5k | €10k | €-2k | ▼ 123% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €31k ▲219%
Operating result €51k, net result €31k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.62
Current ratio from 1.30 to 2.62; short-term debt falls from €26k to €10k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Gent · 2 establishment units since 2003
Ground area
2.2 ha
Building footprint
1.7 ha
Volume, LiDAR
68,797 m³
2 parcels, Flanders · tallest building 23.8 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Simon de Mirabellostraat 28, 9000 Gent
since 20032.131.536.891
Dok-Noord 6, 9000 Gent
since 20172.271.552.631
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A2735/00X002 | Flanders | 2.2 ha | 1 · 1.6 ha | 23.8 m |
| 44815F3607/00A002 | Flanders | 106 m² | 1 · 72 m² | 15.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 2,855 companies in sector 18130 we hold annual accounts for 832. 698 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
Founded02-04-2003
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
Scores and ratios are computed by Checked and are not a credit decision.