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REASE EXPERTISE

Active
Private limited companyfounded 20233 yrs activeChemin des Pélerins(MSA) 14D, 7542 Tournai, BelgiumKBO/BCE: BE 0803.035.779
Summary

The computed 12-month bankruptcy probability of REASE EXPERTISE is 4.5% (elevated). The 2024 annual accounts show negative equity (-€2,261) and a net result of -€1,610. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability67▲+11
Solvency24▼-1
Growth58
Track record94
Bankruptcy probability, 12 months
4.5% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.35 against 0.37 in 2023; short-term debt: 51.5% and cash: 4.7% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-1.2%
Return on assets
-0.9%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 17-06-2026, 44 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
44 d early
2024
108 d early
2023
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 41 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

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. Usually files around 17 June (3 of the last 3 filed years within 75 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 22 June 2023, REASE EXPERTISE was incorporated as a Private limited company.1 The company has filed 3 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity
-€2,261▼ 247%
2023 · -€652
Total assets
€181,602▼ 14.8%
2023 · €213,156
Net result
-€1,610▲ 55.9%
2023 · -€3,652
Working capital
-€60,742▲ 6.6%
2023 · -€65,045
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result-€1,300-€4,258
Net result-€3,652below the sector's middle half--€1,610below the sector's middle half▲ 55.9%
Equity-€652below the sector's middle half--€2,261below the sector's middle half▼ 247%
Total assets€213,156within the sector's middle half-€181,602within the sector's middle half▼ 14.8%
Debt€213,807-€183,863▼ 14.0%
Working capital-€65,045below the sector's middle half--€60,742below the sector's middle half▲ 6.6%
Solvency-0.3%below the sector's middle half--1.2%below the sector's middle half▼ 0.9pp
Current ratio0.37below the sector's middle half-0.35below the sector's middle half▼ 0.02
Return on assets (ROA)-1.7%below the sector's middle half--0.9%below the sector's middle half▲ 0.8pp
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€4,000-€2,000€0€2,000€4,000Operating result 2023: -€1,300-€1,300Net result 2023: -€3,652-€3,652Operating result 2024: €4,258€4,258Net result 2024: -€1,610-€1,61020232024-€4,000-€2,000€0€2,000€4,000Operating result 2023: -€1,300-€1,300Net result 2023: -€3,652-€3,650Operating result 2024: €4,258€4,260Net result 2024: -€1,610-€1,61020232024
The operating result returns to profit in 2024: €4,258 after a loss of €1,300 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €181,602
Fixed assets €148,867 ▼ 14.9%
Current assets €32,734 ▼ 14.3%
Key figures and ratios
2024 value · change against 2023
EBITDA
€34,578▲
2023 · €11,248
Cash flow
€28,711▲
2023 · €8,896
Debt to equity
-81.31
Interest coverage
5.89▲
2023 · 4.78
Debt ≤ 1 year
€93,477▼
2023 · €103,263
Debt > 1 year
€90,386▼
2023 · €110,544
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a small loss
4.6% went bankrupt
3.6% stopped otherwise
91% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,555 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet Code20232024
Assets
Total assets20/58€213,156€181,602▼
Fixed assets21/28€174,938€148,867▼
Intangible fixed assets21€173,830€147,501▼
Tangible fixed assets22/27€1,108€1,366▲
Furniture and vehicles24€1,108€1,366▲
Current assets29/58€38,217€32,734▼
Amounts receivable within one year40/41€16,876€24,211▲
Trade receivables40€14,297€24,211▲
Other amounts receivable41€2,579-
Cash at bank and in hand54/58€21,342€8,446▼
Deferred charges and accrued income490/1-€78
Equity and liabilities
Total equity and liabilities10/49€213,156€181,602▼
Equity10/15-€652-€2,261▼
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14-€3,652-€5,261▼
Amounts payable17/49€213,807€183,863▼
Amounts payable after more than one year17€110,544€90,386▼
Financial debts170/4€110,544€90,386▼
Amounts payable within one year42/48€103,263€93,477▼
Current portion of amounts payable after more than one year42€19,238€20,158▲
Trade debts44€33,676€21,176▼
Suppliers440/4€33,676€21,176▼
Taxes, remuneration and social security45-€2,143
Taxes450/3-€2,143
Other amounts payable47/48€50,349€50,000▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,548€30,320▲
Gross operating margin9900€11,248€34,578▲
Operating profit (loss)9901-€1,300€4,258▲
Financial charges65/66B€2,352€5,868▲
Recurring financial charges65€2,352€5,868▲
Profit (loss) for the period before taxes9903-€3,652-€1,610▲
Profit (loss) for the period9904-€3,652-€1,610▲
Profit (loss) for the period to be appropriated9905-€3,652-€1,610▲
Appropriation of the result
Profit (loss) to be appropriated9906-€3,652-€5,261▼
Profit (loss) brought forward from the previous period14P--€3,652

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,548€30,320▲ 142%
Gross operating margin9900€11,248€34,578▲ 207%
Operating profit (loss)9901-€1,300€4,258▲ 428%
Financial charges65/66B€2,352€5,868▲ 149%
Recurring financial charges65€2,352€5,868▲ 149%
Profit (loss) for the period before taxes9903-€3,652-€1,610▲ 55.9%
Profit (loss) for the period9904-€3,652-€1,610▲ 55.9%
Profit (loss) for the period to be appropriated9905-€3,652-€1,610▲ 55.9%
Line20232024Change
Assets
Total assets20/58€213,156€181,602▼ 14.8%
Fixed assets21/28€174,938€148,867▼ 14.9%
Intangible fixed assets21€173,830€147,501▼ 15.1%
Tangible fixed assets22/27€1,108€1,366▲ 23.3%
Furniture and vehicles24€1,108€1,366▲ 23.3%
Current assets29/58€38,217€32,734▼ 14.3%
Amounts receivable within one year40/41€16,876€24,211▲ 43.5%
Trade receivables40€14,297€24,211▲ 69.3%
Other amounts receivable41€2,579--
Cash at bank and in hand54/58€21,342€8,446▼ 60.4%
Deferred charges and accrued income490/1-€78-
Equity and liabilities
Total equity and liabilities10/49€213,156€181,602▼ 14.8%
Equity10/15-€652-€2,261▼ 247%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14-€3,652-€5,261▼ 44.1%
Amounts payable17/49€213,807€183,863▼ 14.0%
Amounts payable after more than one year17€110,544€90,386▼ 18.2%
Financial debts170/4€110,544€90,386▼ 18.2%
Amounts payable within one year42/48€103,263€93,477▼ 9.5%
Current portion of amounts payable after more than one year42€19,238€20,158▲ 4.8%
Trade debts44€33,676€21,176▼ 37.1%
Suppliers440/4€33,676€21,176▼ 37.1%
Taxes, remuneration and social security45-€2,143-
Taxes450/3-€2,143-
Other amounts payable47/48€50,349€50,000▼ 0.7%
Line20232024Change
Profit (loss) for the period9904-€3,652-€1,610▲ 55.9%
+ Depreciation and write-downs630€12,548€30,320▲ 142%
Operating cash flow (approximation)€8,896€28,711▲ 223%
Investment in fixed assets (approximation)--€4,249-
Change in cash--€12,896-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
14-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
NBB filing
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, Tournai · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
69 m²
Building footprint
69 m²
Parcel 57056B0477/00P000, Wallonia. Linked by address, not a title deed.
1 establishment unit
SRL REASE EXPERTISE
Chemin des Pélerins(MSA) 14D, 7542 TournaiReal estate development
since 20232.346.584.012
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57056B0477/00P000 Wallonia 69 m² 1 · 69 m² -
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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded22-06-2023
Fiscal year end31-12
Abbreviation FR REASE
Activities, NACEBEL 2025
41001General construction of residential buildings
68322Real estate appraisal on a fee or contract basis
25401Forging of metal
68121Development of residential building projects
68122Development of non-residential building projects
81220Other building cleaning and industrial cleaning
Contact
Website www.rease.be
E-mail info@rease.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0803035779
Registered 31-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.