REAL-X
ActiveSummary
REAL-X has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154k and a net result of €54k. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 84% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 4.22 against 31.18 in 2024; short-term debt: 21.5% and cash: 75.7% of total assets), and 21.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
78.5%
Return on assets
27.7%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
30 d early
2024
2 d early
2023
19 d late
2022
18 d late
2021
11 d early
2020
2 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€154k▼ 8.3%
2024 · €168k
2020: €40k
2021: €72k
2022: €96k
2023: €133k
2024: €168k
2020 → 2025
Total assets
€196k▲ 13.4%
2024 · €173k
2020: €112k
2021: €128k
2022: €134k
2023: €157k
2024: €173k
2020 → 2025
Net result
€54k▲ 57.1%
2024 · €34k
2020: €34k
2021: €32k
2022: €24k
2023: €37k
2024: €34k
2020 → 2025
Working capital
€135k▼ 9.2%
2024 · €149k
2020: €20k
2021: €49k
2022: €70k
2023: €103k
2024: €149k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€96k▲ 32.9%€133k▲ 39.0%€168k▲ 25.9%€154k▼ 8.3%
Operating result€44k-€36k▼ 16.9%€54k▲ 48.9%€46k▼ 15.7%€69k▲ 51.5%
Net result€32k-€24k▼ 27.0%€37k▲ 57.6%€34k▼ 7.7%€54k▲ 57.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 52% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €196k
Fixed assets
€18k ▼ 1.0%
Current assets
€177k ▲ 15.2%
Equity and liabilities €196k
Equity
€154k ▼ 8.3%
Debt
€42k ▲ 752%
Debt's share of the balance-sheet total rises from 2.9% to 21.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€70k▲
2024 · €57k
Cash flow
€55k▲
2024 · €46k
Current ratio
4.22▼
2024 · 31.18
Debt to equity
0.27▲
2024 · 0.03
ROE
35.2%▲
2024 · 20.6%
ROA
27.7%▲
2024 · 20.0%
Interest coverage
109775.47▲
2024 · 299.66
Debt ≤ 1 year
€42k▲
2024 · €5k
Income taxes
€15k▲
2024 · €11k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€173k€196k▲
Fixed assets21/28€19k€18k▼
Tangible fixed assets22/27€19k€18k▼
Land and buildings22€18k€18k=
Plant, machinery and equipment23-€638
Furniture and vehicles24€833€0▼
Financial fixed assets28€0-
Current assets29/58€154k€177k▲
Amounts receivable within one year40/41€21k€27k▲
Trade receivables40€12k€16k▲
Other amounts receivable41€9k€11k▲
Cash at bank and in hand54/58€131k€148k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€173k€196k▲
Equity10/15€168k€154k▼
Contributions10/11€6k€6k=
Reserves13€127k€94k▼
Distributable reserves133€127k€94k▼
Profit (loss) carried forward14€34k€54k▲
Amounts payable17/49€5k€42k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€5k€42k▲
Current portion of amounts payable after more than one year42€1k€0▼
Trade debts44€932€2k▲
Suppliers440/4€932€2k▲
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€2k€6k▲
Other amounts payable47/48€569€34k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€912▼
Other operating charges640/8€654€670▲
Gross operating margin9900€58k€71k▲
Operating profit (loss)9901€46k€69k▲
Financial charges65/66B€190€1▼
Recurring financial charges65€190€1▼
Profit (loss) for the period before taxes9903€46k€69k▲
Income taxes67/77€11k€15k▲
Profit (loss) for the period9904€34k€54k▲
Profit (loss) for the period to be appropriated9905€34k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€34k€89k▲
Profit (loss) brought forward from the previous period14P-€34k
Transfer from equity791/2-€34k
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7-€68k
Return on contributions (dividend)694-€68k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €54k ▲57.1%
Operating result €69k, net result €54k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 6current ratio 31.18
Current ratio from 5.44 to 31.18; short-term debt falls from €23k to €5k.
31-12
Financial
Equity above €150kEq €168k ▲25.9%
5 profitable years in a row build equity to €168k.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Equity above €100kEq €133k ▲39%
4 profitable years in a row build equity to €133k.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Weakest financial yearnet €24k ▼27%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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-Niklaas · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Regentiestraat 79100 Sint-NiklaasGround area
71 m²
Building footprint
71 m²
Volume, LiDAR
823 m³
Parcel 46443E0361/00W002, Flanders · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Regentiestraat 7, 9100 Sint-Niklaas
since 20192.291.587.386
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46443E0361/00W002 | Flanders | 71 m² | 1 · 71 m² | 13.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GZK
BE 0771.463.764
Mechelen · Eq €153,509
Immotecta
BE 0759.939.768
Brussel · Eq €153,857
GROENPLEIN CONSTRUCT
BE 0658.809.449
Hasselt · Eq €153,866
TC Construct 23
BE 0802.391.819
Nazareth-De Pinte · Eq €153,310
Comfort Building
BE 0832.789.936
Maaseik · Eq €154,015
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,336 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
64210Activities of holding companies
68202Real estate activities
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.