Realize
ActiveSummary
Realize has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €649,682 and a net result of €74,135. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 37951 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-2
Solvency88▲+8
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 0.84 in 2023; short-term debt: 34.2% and cash: 9.7% of total assets), and 36.5% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
63.5%
Return on assets
7.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
58 d late
2022
38 d early
2021
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2024, micro schema
Equity
€649,682▲ 12.9%
2023 · €575,547
Total assets
€1.0m▼ 1.6%
2023 · €1.0m
Net result
€74,135▼ 19.6%
2023 · €92,245
Working capital
€49,135
2023 · -€75,302
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€359,698-€284,173▼ 21.0%€136,886▼ 51.8%€118,074▼ 13.7%
Net result€269,862-€208,440▼ 22.8%€92,245▼ 55.7%€74,135▼ 19.6%
Equity€274,862-€483,302▲ 75.8%€575,547▲ 19.1%€649,682▲ 12.9%
Total assets€395,075-€703,047▲ 78.0%€1.0m▲ 48.1%€1.0m▼ 1.6%
Debt€120,213-€219,745▲ 82.8%€465,531▲ 112%€374,239▼ 19.6%
Working capital€190,747-€251,701▲ 32.0%-€75,302€49,135
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 14% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.0m
Fixed assets
€624,922 ▼ 5.2%
Current assets
€398,999 ▲ 4.6%
Equity and liabilities €1.0m
Equity
€649,682 ▲ 12.9%
Debt
€374,239 ▼ 19.6%
Debt's share of the balance-sheet total falls from 44.7% to 36.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€155,875▼
2023 · €232,895
Cash flow
€111,937▼
2023 · €188,254
Current ratio
1.14▲
2023 · 0.84
Debt to equity
0.58▼
2023 · 0.81
ROE
11.4%▼
2023 · 16.0%
ROA
7.2%▼
2023 · 8.9%
Interest coverage
6.14▼
2023 · 26.34
Debt ≤ 1 year
€349,864▼
2023 · €456,866
Income taxes
€26,460▼
2023 · €36,336
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,524 | €34,699 | €96,010 | €37,801 | ▼ 60.6% |
| Other operating charges640/8 | €1,007 | €3,016 | €2,900 | €2,757 | ▼ 4.9% |
| Gross operating margin9900 | €372,229 | €321,887 | €235,796 | €158,632 | ▼ 32.7% |
| Operating profit (loss)9901 | €359,698 | €284,173 | €136,886 | €118,074 | ▼ 13.7% |
| Financial income75/76B | €650 | €781 | €536 | €7,914 | ▲ 1,376% |
| Recurring financial income75 | €650 | €781 | €536 | €7,914 | ▲ 1,376% |
| Financial charges65/66B | €79 | €181 | €8,841 | €25,393 | ▲ 187% |
| Recurring financial charges65 | €79 | €181 | €8,841 | €25,393 | ▲ 187% |
| Profit (loss) for the period before taxes9903 | €360,268 | €284,772 | €128,581 | €100,595 | ▼ 21.8% |
| Income taxes67/77 | €90,406 | €76,332 | €36,336 | €26,460 | ▼ 27.2% |
| Profit (loss) for the period9904 | €269,862 | €208,440 | €92,245 | €74,135 | ▼ 19.6% |
| Profit (loss) for the period to be appropriated9905 | €269,862 | €208,440 | €92,245 | €74,135 | ▼ 19.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €395,075 | €703,047 | €1.0m | €1.0m | ▼ 1.6% |
| Fixed assets21/28 | €84,259 | €231,601 | €659,514 | €624,922 | ▼ 5.2% |
| Tangible fixed assets22/27 | €84,259 | €231,601 | €659,514 | €624,922 | ▼ 5.2% |
| Land and buildings22 | - | €136,726 | €596,696 | €592,928 | ▼ 0.6% |
| Furniture and vehicles24 | €84,259 | €94,875 | €62,818 | €31,994 | ▼ 49.1% |
| Current assets29/58 | €310,816 | €471,446 | €381,564 | €398,999 | ▲ 4.6% |
| Amounts receivable within one year40/41 | €193,261 | €211,482 | €42,252 | €37,368 | ▼ 11.6% |
| Trade receivables40 | €176,300 | €206,122 | €42,252 | €305 | ▼ 99.3% |
| Other amounts receivable41 | €16,961 | €5,360 | €0 | €37,064 | - |
| Current investments50/53 | - | - | €260,000 | €260,000 | = |
| Cash at bank and in hand54/58 | €116,146 | €257,262 | €75,728 | €99,074 | ▲ 30.8% |
| Deferred charges and accrued income490/1 | €1,408 | €2,702 | €3,584 | €2,557 | ▼ 28.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €395,075 | €703,047 | €1.0m | €1.0m | ▼ 1.6% |
| Equity10/15 | €274,862 | €483,302 | €575,547 | €649,682 | ▲ 12.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €269,862 | €478,302 | €570,547 | €644,682 | ▲ 13.0% |
| Distributable reserves133 | €269,862 | €478,302 | €570,547 | €644,682 | ▲ 13.0% |
| Amounts payable17/49 | €120,213 | €219,745 | €465,531 | €374,239 | ▼ 19.6% |
| Amounts payable within one year42/48 | €120,069 | €219,745 | €456,866 | €349,864 | ▼ 23.4% |
| Financial debts43 | €319 | €7,756 | €0 | €677 | - |
| Credit institutions430/8 | €319 | €7,756 | €0 | €677 | - |
| Trade debts44 | €8,494 | €4,699 | €6,734 | €7,894 | ▲ 17.2% |
| Suppliers440/4 | €8,494 | €4,699 | €6,734 | €7,894 | ▲ 17.2% |
| Taxes, remuneration and social security45 | €111,255 | €207,290 | €141,188 | €44,741 | ▼ 68.3% |
| Taxes450/3 | €109,195 | €205,079 | €138,108 | €41,660 | ▼ 69.8% |
| Remuneration and social security454/9 | €2,061 | €2,211 | €3,080 | €3,080 | = |
| Other amounts payable47/48 | - | - | €308,944 | €296,553 | ▼ 4.0% |
| Accrued charges and deferred income492/3 | €144 | €0 | €8,665 | €24,375 | ▲ 181% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €269,862 | €208,440 | €92,245 | €74,135 | ▼ 19.6% |
| + Depreciation and write-downs630 | €11,524 | €34,699 | €96,010 | €37,801 | ▼ 60.6% |
| Operating cash flow (approximation) | €281,386 | €243,139 | €188,254 | €111,937 | ▼ 40.5% |
| Investment in fixed assets (approximation) | - | -€182,041 | -€523,923 | -€3,209 | ▲ 99.4% |
| Change in cash | - | €141,116 | -€181,534 | €23,346 | ▲ 113% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €74,135 ▼19.6%
Net result drops to €74,135, the lowest in the series.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
25-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
13-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
30-07
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
30-07
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
30-07
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
25-07
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
12-07
State Gazette act
Director resignation · Permanent representative
Director appointment · Board composition
12-07
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
10-07
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
Show earlier events
10-07
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
22-01
State Gazette act
General meeting · Capital decrease
Capital · Director resignation
15-01
State Gazette act
General meeting · Capital decrease
Capital · Director resignation
15-01
State Gazette act
General meeting · Capital decrease
Capital · Director resignation
2023
31-12
Financial
Equity above €500,000Eq €575,547 ▲19.1%
3 profitable years in a row build equity to €575,547.
06-11
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose
31-10
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Koksijde · 1 establishment unit since 2020
Ground area
454 m²
Building footprint
108 m²
Volume, LiDAR
457 m³
Parcel 38018A1028/00E000, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Realize
since 20202.310.645.116
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38018A1028/00E000 | Flanders | 454 m² | 1 · 108 m² | 6.9 m · 1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,022 EUR awarded · 987 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,022 EUR | 987 EUR |
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 32,325 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
Founded10-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Contact
E-mail
realizebv20@gmail.com
Phone
0468072363
Phone
0491166561
Scores and ratios are computed by Checked and are not a credit decision.