Equity
Realtech paid out €16,515 in dividends. That is 30% of the 2025 profit.
Realtech paid out €16,515 in dividends. That is 30% of the 2025 profit.
Nine of the last ten came late. The 2019 accounts came latest: 92 days after the end of the period.
Higher solvency than 95% of companies in architecture and engineering. Sector median 54.0% · 12,247 companies.
In July 2024, 34,721 companies had the same profile as Realtech has now. Each dot stands for 87 companies, two years later.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,721 companies, not a prediction for Realtech. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Realtech Maldegem | €162,216 | €80,507 | 99.1% | - |
| MCC Beveren-Kruibeke-Zwijndrecht | €154,315 | €76,576 | 44.1% | - |
| kWh Company Lokeren | €146,458 | €96,805 | 91.2% | - |
| INGEO Braine-le-Château | €177,795 | €81,166 | 24.5% | - |
| EMEC EXPERTISE Evere | €166,041 | €78,945 | 64.6% | - |
| COPEB Woluwe-Saint-Lambert | €187,468 | €78,319 | 61.4% | - |
| THIRY & PARTNERS Liège | €142,370 | €87,931 | 13.0% | - |
These companies have the same main activity as Realtech: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €142,000 and €187,000, founded between 2011 and 2015.
Realtech files the micro format. That format states no turnover. The gross margin rose from €14,060 in 2013 to €80,507 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €130,000 and €230,000.
Higher than 95% of 12,247 companies in 2025.
Higher than 95% of 11,265 companies in 2024.
Higher than 81% of 12,047 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
162,216 | 125,018 | 100,161 | 72,924 | 79,471 | 91,585 | 109,272 | 94,362 | 72,784 | 43,522 | 40,380 | 21,044 | 43,591 | |
21/28 |
9,738 | 13,955 | 16,707 | 254 | 368 | 482 | 1,335 | 2,669 | 330 | 661 | 242 | 484 | - | |
22/27 |
9,738 | 13,955 | 16,707 | 254 | 368 | 482 | 1,335 | 2,669 | 330 | 661 | 242 | 484 | - | |
23 |
- | - | - | - | - | - | - | - | - | - | 242 | 484 | - | |
24 |
9,738 | 13,955 | 16,707 | 254 | 368 | 482 | 1,335 | 2,669 | 330 | 661 | - | - | - | |
29/58 |
152,478 | 111,064 | 83,454 | 72,670 | 79,104 | 91,103 | 107,937 | 91,693 | 72,453 | 42,861 | 40,138 | 20,559 | 43,591 | |
40/41 |
27,831 | 17,397 | 12,426 | 1,546 | 1,357 | 41 | 126 | 16,143 | 2,976 | 2,907 | 18,637 | 15,005 | 1,011 | |
40 |
25,989 | 12,800 | 9,142 | - | - | - | - | 16,143 | 2,026 | - | 1,875 | - | - | |
41 |
1,843 | 4,597 | 3,284 | 1,546 | 1,357 | 41 | 126 | - | 950 | 2,907 | 16,762 | 15,005 | 1,011 | |
54/58 |
123,732 | 92,759 | 70,721 | 71,124 | 77,747 | 91,062 | 107,811 | 75,550 | 69,477 | 39,954 | 21,501 | 5,554 | 42,579 | |
490/1 |
915 | 907 | 307 | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
162,216 | 125,018 | 100,161 | 72,924 | 79,471 | 91,585 | 109,272 | 94,362 | 72,784 | 43,522 | 40,380 | 21,044 | 43,591 | |
10/15 |
160,692 | 122,897 | 98,617 | 71,281 | 76,210 | 80,513 | 93,143 | 76,628 | 54,418 | 32,856 | 32,532 | 15,437 | 21,220 | |
10/11 |
12,600 | 12,600 | 12,600 | 12,600 | 12,600 | 12,600 | 12,600 | 12,600 | 12,600 | 12,600 | 12,600 | 12,600 | 12,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | |
13 |
148,092 | 110,297 | 86,017 | 62,147 | 62,147 | 62,147 | 62,147 | 45,632 | 23,422 | 1,860 | 1,286 | 431 | 431 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,286 | 431 | 431 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
133 |
148,092 | 110,297 | 86,017 | 60,287 | 60,287 | 60,287 | 60,287 | 43,772 | 21,562 | - | - | - | - | |
14 |
- | - | - | -3,466 | 1,463 | 5,766 | 18,396 | 18,396 | 18,396 | 18,396 | 18,646 | 2,406 | 8,189 | |
17/49 |
1,524 | 2,122 | 1,544 | 1,642 | 3,262 | 11,072 | 16,129 | 17,734 | 18,366 | 10,665 | 7,849 | 5,607 | 22,371 | |
42/48 |
1,524 | 2,122 | 1,544 | 1,621 | 3,032 | 11,072 | 16,129 | 17,734 | 18,366 | 10,665 | 7,849 | 5,607 | 16,011 | |
44 |
- | 401 | 192 | 355 | 1,716 | - | 674 | 409 | 109 | 407 | 1,603 | 3,445 | 2,162 | |
440/4 |
- | 401 | 192 | 355 | 1,716 | - | 674 | 409 | 109 | 407 | 1,603 | 3,445 | 2,162 | |
45 |
1,524 | 37 | - | - | - | 9,304 | 11,193 | 14,768 | 14,891 | 8 | 6,245 | 2,162 | 5,107 | |
450/3 |
1,524 | 37 | - | - | - | 9,304 | 11,193 | 14,768 | 14,891 | 8 | 4,134 | 52 | 3,000 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | 2,111 | 2,110 | 2,106 | |
47/48 |
- | 1,684 | 1,352 | 1,265 | 1,316 | 1,768 | 4,262 | 2,556 | 3,366 | 10,250 | - | - | 8,742 | |
492/3 |
- | - | - | 22 | 229 | - | - | - | - | - | - | - | 6,360 | |
| Income statement | ||||||||||||||
9900 |
80,507 | 70,502 | 69,310 | -4,189 | -2,951 | -10,562 | 29,889 | 38,243 | 37,496 | 9,019 | 20,383 | -5,772 | 14,060 | |
630 |
4,217 | 4,119 | 2,222 | 114 | 114 | 1,422 | 1,335 | 1,665 | 330 | 572 | 242 | 242 | 2,451 | |
640/8 |
728 | 831 | 1,089 | 539 | 968 | 535 | 886 | 505 | 683 | 473 | - | 230 | - | |
9901 |
75,563 | 65,552 | 65,999 | -4,842 | -4,033 | -12,519 | 27,669 | 36,073 | 36,482 | 7,974 | 20,141 | -6,244 | 11,608 | |
75/76B |
612 | - | 13 | - | - | 0 | - | 20 | - | 1,402 | 1,255 | 585 | 47 | |
75 |
612 | - | 13 | - | - | 0 | - | 20 | - | 1,402 | 1,255 | 585 | 47 | |
65/66B |
196 | 174 | 84 | 87 | 271 | 111 | 213 | 185 | 65 | 51 | 175 | 64 | 61 | |
65 |
196 | 174 | 84 | 87 | 271 | 111 | 213 | 185 | 65 | 51 | 175 | 64 | 61 | |
9903 |
75,978 | 65,378 | 65,928 | -4,928 | -4,304 | -12,630 | 27,455 | 35,908 | 36,417 | 9,325 | 21,221 | -5,723 | 11,594 | |
67/77 |
21,668 | 18,888 | 17,031 | - | - | - | 10,941 | 13,697 | 14,855 | - | 4,126 | 60 | 2,974 | |
9904 |
54,310 | 46,490 | 48,898 | -4,928 | -4,304 | -12,630 | 16,515 | 22,211 | 21,562 | 9,325 | 17,095 | -5,783 | 8,620 | |
9905 |
54,310 | 46,490 | 48,898 | -4,928 | -4,304 | -12,630 | 16,515 | 22,211 | 21,562 | 9,325 | 17,095 | -5,783 | 8,620 | |
| Appropriation of the result | ||||||||||||||
9906 |
54,310 | 46,490 | 45,432 | -3,466 | 1,463 | 5,766 | 34,911 | 40,607 | 39,958 | 27,970 | 19,501 | 2,406 | 8,620 | |
14P |
- | - | -3,466 | 1,463 | 5,766 | - | - | - | - | - | - | - | - | |
791/2 |
16,515 | 22,211 | 21,562 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
54,310 | 46,490 | 45,432 | - | - | - | 16,515 | 22,211 | 21,562 | 574 | 855 | - | 431 | |
6920 |
- | - | - | - | - | - | - | - | - | 574 | 855 | - | 431 | |
6921 |
54,310 | 46,490 | 45,432 | - | - | - | 16,515 | 22,211 | 21,562 | - | - | - | - | |
694/7 |
16,515 | 22,211 | 21,562 | - | - | - | - | - | - | 9,000 | - | - | - | |
694 |
16,515 | 22,211 | 21,562 | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | 9,000 | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 21-09-2026.
2025 annual accounts filed 52 days after the deadline. Filed on 21 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00517782.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-09-2026 | 2026-00517782 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00444040 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00439456 | |
| 31-12-2022 | micro format | 22-09-2023 | 2023-00453400 | |
| 31-12-2021 | micro format | 17-10-2022 | 2022-20467356 | |
| 31-12-2020 | micro format | 26-10-2021 | 2021-73200015 | |
| 31-12-2019 | micro format | 31-10-2020 | 2020-67700358 | |
| 31-12-2018 | micro format | 09-10-2019 | 2019-69300300 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-52600272 | |
| 31-12-2016 | micro format | 30-06-2017 | 2017-24500304 | |
| 31-12-2015 | abbreviated format | 08-07-2016 | 2016-29900408 | |
| 31-12-2014 | abbreviated format | 29-06-2015 | 2015-24200490 | |
| 31-12-2013 | abbreviated format | 17-07-2014 | 2014-31800520 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 79,779 | 69,671 | 68,220 | -4,728 | -3,919 | -11,096 | 29,003 | 37,738 | 36,813 | 8,546 | 20,383 | -6,002 | 14,060 | ||
| 58,527 | 50,609 | 51,120 | -4,815 | -4,190 | -11,207 | 17,849 | 23,876 | 21,892 | 9,897 | 17,337 | -5,541 | 11,071 | ||
| 0 | 1,366 | 18,675 | 0 | 0 | 569 | 0 | 4,004 | 0 | 991 | 0 | 726 | - | ||
| 30,973 | 22,039 | -403 | -6,623 | -13,316 | -16,749 | 32,261 | 6,073 | 29,523 | 18,452 | 15,947 | -37,025 | - | ||
| 150,954 | 108,942 | 81,910 | 71,049 | 76,071 | 80,031 | 91,808 | 73,959 | 54,088 | 32,196 | 32,289 | 14,952 | 27,580 | ||
| 99.1% | 98.3% | 98.5% | 97.7% | 95.9% | 87.9% | 85.2% | 81.2% | 74.8% | 75.5% | 80.6% | 73.4% | 48.7% | ||
| - | 52.34 | 54.05 | 44.83 | 26.09 | 8.23 | 6.69 | 5.17 | 3.95 | 4.02 | 5.11 | 3.67 | 2.72 | ||
| 0.01 | 0.02 | 0.02 | 0.02 | 0.04 | 0.14 | 0.17 | 0.23 | 0.34 | 0.32 | 0.24 | 0.36 | 1.05 | ||
| 33.8% | 37.8% | 49.6% | -6.9% | -5.6% | -15.7% | 17.7% | 29.0% | 39.6% | 28.4% | 52.5% | -37.5% | 40.6% | ||
| 33.5% | 37.2% | 48.8% | -6.8% | -5.4% | -13.8% | 15.1% | 23.5% | 29.6% | 21.4% | 42.3% | -27.5% | 19.8% | ||
| over 100 | over 100 | over 100 | -54.63 | -14.46 | - | - | - | - | - | - | - | - |
A ratio outside any meaningful range has been withheld (balance sheet total €162,216, equity €160,692).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,366 | €18,675 | - | - |
| €4,217 | €4,119 | €2,222 | €114 | €114 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 15% higher than in 2024 and the highest since 2013. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 1.7% to 0.9%. Equity is higher and debt is lower.
Realtech has no parent and no holdings in its annual accounts. Realtech shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Paardekerkhof 23 registered office 9990 Maldegem 35110 Production of electricity from non-renewable sources | 04-02-2013 | 2.216.850.173 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 43503H1938/00G000 | 904 m² | 1 · 160 m² | 8.3 m · 1 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0503.783.554
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