Financials
- Fiscal year
- 2025
- Total assets
- €803,426
- Loss
- -€15,294
- Solvency
- 5.4%
Total assets▼ 2.2%
Net result
20192025
REAL DESIGN
ActiveThe file of REAL DESIGN contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 14.6% (high). The 2025 annual accounts show equity of €43,765 and a net result of -€15,294. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 11% of 32341 sector peers (fiscal year 2025).
Overview
Activity
Joinery installation
NACE 43320NACE 36141
1 site
Size
€803,426total assets 2025
- Equity
- €43,765
- Loss
- -€15,294
Turnover not published (abridged schema)
Structure
Accounts 9 d early0 of 1 deed read
Why 27- Reorganisation plan being carried out (approved, Gazette 30-03-2026)- Sector Specialised construction activities (NACE 43)- 2 of the last 3 late+ Size: total assets €803,426Show the evidence
Checked score
Score 2025
27
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 14% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
30-2
equity 5.4% of total assets
Liquidity
27-1
short-term debt 47.6% · cash 0.6%
Profitability
16-41
return on assets -1.9%
Bankruptcy probability, 12 months
14.6%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 4.6%
12-2024: 4.6%▲ +1.3% vs 11-2024
01-2025: 4.1%▼ -10.3% vs 12-2024
02-2025: 4.1%● 0.0% vs 01-2025
03-2025: 4.1%● 0.0% vs 02-2025
04-2025: 4.1%● 0.0% vs 03-2025
05-2025: 6.0%▲ +45.2% vs 04-2025
06-2025: 6.0%▲ +0.4% vs 05-2025
07-2025: 7.5%▲ +24.5% vs 06-2025
08-2025: 7.4%▼ -1.6% vs 07-2025
09-2025: 1.2%▼ -84.2% vs 08-2025
10-2025: 1.2%▼ -0.6% vs 09-2025lowest value
11-2025: 1.2%▲ +1.1% vs 10-2025
12-2025: 1.2%▼ -0.8% vs 11-2025
04-2026: 14.6%highest value
05-2026: 14.6%● 0.0% vs 04-2026highest value
06-2026: 14.6%● 0.0% vs 05-2026highest value
07-2026: 14.6%● 0.0% vs 06-2026highest value
08-2026: 14.6%● 0.0% vs 07-2026highest value
09-2026: 14.6%● 0.0% vs 08-2026highest value
10-2026: 14.6%● 0.0% vs 09-2026highest value
- Reorganisation plan being carried out (approved, Gazette 30-03-2026) raises the probabilityWhile the plan runs, the probability is at least 14.6%: the measured failure rate of plans of that age.
- Size: total assets €803,426 lowers the probability for this profile
- Sector Specialised construction activities (NACE 43) raises the probability
- 2 of the last 3 late raises the probability
Credit up to €1,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.43 against 0.49 in 2024; short-term debt: 47.6% and cash: 0.6% of total assets), and 94.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 11%, liquidity 16%, profitability 13%, growth against the median 15%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€15,294
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 32341 sector peers (2025).
NBB · sector comparisonPosition among 32341 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
94 d late
2023
386 d late
2022
30 d early
2021
18 d early
2020
39 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 51 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 21 April (4 of the last 5 filed years within 103 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close03-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Plan homologationOndernemingsrechtbank Gent · event 24-03-2026
- OpeningOndernemingsrechtbank Gent · collective agreement…
Key points
By topic
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 30-04-2027
- 21-04-2026Annual accounts filed
- 30-03-2026Plan homologation
- 31-12-2025Opening
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Joinery installationNACE 43320
- Founded
- 01-06-1988
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
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