REASET
ActiveREASET has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €680k and a net result of €-30k. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 88% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability14▼-72
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 6.34 against 4.69 in 2023; short-term debt: 14.9% and cash: 3.5% of total assets), and 14.9% 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
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 →
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 2024Solvency, return and age of the figures
Solvency
85.1%
Return on assets
-3.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
84 d late
2023
30 d early
2022
28 d early
2021
1 d early
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€680k▼ 4.3%
2023 · €711k
2018: €188k
2019: €183k
2020: €442k
2021: €515k
2022: €665k
2023: €711k
2018 → 2024
Total assets
€800k▼ 10.2%
2023 · €890k
2018: €651k
2019: €588k
2020: €1.62M
2021: €1.83M
2022: €1.44M
2023: €890k
2018 → 2024
Net result
€-30k
2023 · €121k
2018: €108k
2019: €-4k
2020: €259k
2021: €73k
2022: €150k
2023: €121k
2018 → 2024
Working capital
€637k▼ 4.1%
2023 · €664k
2018: €190k
2019: €179k
2020: €782k
2021: €459k
2022: €614k
2023: €664k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€442k-€515k▲ 16.6%€665k▲ 29.1%€711k▲ 6.8%€680k▼ 4.3%
Operating result€361k-€95k▼ 73.7%€201k▲ 111%€173k▼ 13.9%€-18k
Net result€259k-€73k▼ 71.7%€150k▲ 105%€121k▼ 19.6%€-30k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €18k after €173k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €800k
Fixed assets
€43k▼ 7.3%
Current assets
€756k▼ 10.4%
Equity and liabilities €800k
Equity
€680k▼ 4.3%
Debt
€119k▼ 33.6%
The debt ratio falls from 20.2% to 14.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-15k▼
2023 · €176k
Cash flow
€-27k▼
2023 · €124k
Solvency
85.1%▲
2023 · 79.8%
Current ratio
6.34▲
2023 · 4.69
Quick ratio
0.94▼
2023 · 1.11
Debt / equity
0.18▼
2023 · 0.25
ROE
-4.5%▼
2023 · 17.0%
ROA
-3.8%▼
2023 · 13.5%
Interest coverage
-1.18▼
2023 · 14.81
Debt
€119k▼
2023 · €180k
Debt ≤ 1 year
€119k▼
2023 · €180k
Income taxes
€0▼
2023 · €41k
Staff costs
€0▼
2023 · €25
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€890k€800k▼
Fixed assets21/28€47k€43k▼
Tangible fixed assets22/27€47k€43k▼
Furniture and vehicles24€0-
Other tangible fixed assets26€47k€43k▼
Financial fixed assets28€0-
Current assets29/58€844k€756k▼
Stocks and contracts in progress3€644k€644k=
Stocks30/36€644k€644k=
Contracts in progress37€0-
Amounts receivable within one year40/41€60k€84k▲
Trade receivables40€0€2k▲
Other amounts receivable41€60k€82k▲
Cash at bank and in hand54/58€140k€28k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€890k€800k▼
Equity10/15€711k€680k▼
Contributions10/11€80k€80k=
Reserves13€631k€600k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€145€145=
Distributable reserves133€631k€600k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€180k€119k▼
Amounts payable within one year42/48€180k€119k▼
Financial debts43€12k€4k▼
Credit institutions430/8€12k€4k▼
Trade debts44€2k€408▼
Suppliers440/4€2k€408▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€410€0▼
Taxes450/3€410€0▼
Remuneration and social security454/9€0-
Other amounts payable47/48€165k€115k▼
Income statement
Code20232024
Remuneration, social security and pensions62€25€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€177k€-14k▼
Operating profit (loss)9901€173k€-18k▼
Financial income75/76B€503€434▼
Recurring financial income75€503€434▼
Financial charges65/66B€12k€13k▲
Recurring financial charges65€12k€13k▲
Profit (loss) for the period before taxes9903€161k€-30k▼
Income taxes67/77€41k€0▼
Profit (loss) for the period9904€121k€-30k▼
Profit (loss) for the period to be appropriated9905€121k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€121k€-30k▼
Transfer from equity791/2€75k€30k▼
Transfer to equity691/2€121k€0▼
To other reserves6921€121k€0▼
Profit to be distributed694/7€75k€0▼
Return on contributions (dividend)694€75k€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 84 days late
2024
31-12
Financial
Weakest financial yearnet €-30k ▼125%
Net result drops to €-30k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 4.69
Current ratio from 1.79 to 4.69; short-term debt falls from €775k to €180k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €500kEq €515k ▲16.6%
2 profitable years in a row build equity to €515k.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €259k
Net result €259k after one loss-making year.
30-09
Financial
Equity above €200kEq €442k ▲141%
Equity rises from €183k to €442k.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
16-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Wielsbeke · 1 establishment unit since 2017
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.
Lindestraat 68710 WielsbekeGround area
1.0 ha
Building footprint
649 m²
Volume, LiDAR
3,887 m³
Parcel 37017A0383/00F000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
REASET
since 20172.267.506.840
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017A0383/00F000 | Flanders | 1.0 ha | 1 · 649 m² | 9.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 494 EUR awarded · 494 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 494 EUR | 494 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,381. 4,405 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-05-2017
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
43212Electrical installation work in industrial facilities
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
43299Specialised construction activities
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.