REBACO
ActiveSummary
REBACO has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€14,988) and a net result of €3,675. Equity is shrinking by about 6.9% per year across the filed financial years. Its solvency ranks better than 5% of 37,592 sector peers (NACE 70, financial year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 27 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result has risen four years in a row; 2024 is 45% above 2023 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 3,794 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 91.4% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 | 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 74.5% 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 3,794 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €23,726 | - | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €85 | €85 | €85 | €43 | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | €348 | - | €550 | - |
| Gross operating margin9900 | -€319 | -€4,456 | -€5,132 | -€1,423 | €205 | €2,700 | €4,474 | ▲ 65.7% |
| Operating profit (loss)9901 | -€404 | -€6,711 | -€5,564 | -€1,466 | -€143 | €2,700 | €3,924 | ▲ 45.4% |
| Financial charges65/66B | - | - | - | €132 | €201 | €115 | €249 | ▲ 117% |
| Recurring financial charges65 | €80 | €180 | €245 | €132 | €201 | €115 | €249 | ▲ 117% |
| Profit (loss) for the period before taxes9903 | -€484 | -€6,891 | -€5,810 | -€1,598 | -€344 | €2,585 | €3,675 | ▲ 42.2% |
| Profit (loss) for the period9904 | -€484 | -€6,891 | -€5,810 | -€1,598 | -€344 | €2,585 | €3,675 | ▲ 42.2% |
| Profit (loss) for the period to be appropriated9905 | -€484 | -€6,891 | -€5,810 | -€1,598 | -€344 | €2,585 | €3,675 | ▲ 42.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3,816 | €3,617 | €1,333 | €1,027 | €1,271 | €1,877 | €1,120 | ▼ 40.3% |
| Fixed assets21/28 | €213 | €128 | €43 | - | - | - | - | - |
| Tangible fixed assets22/27 | €213 | €128 | €43 | - | - | - | - | - |
| Current assets29/58 | €3,603 | €3,490 | €1,291 | €1,027 | €1,271 | €1,877 | €1,120 | ▼ 40.3% |
| Amounts receivable within one year40/41 | €3,547 | €3,490 | €820 | €973 | €973 | €973 | - | - |
| Trade receivables40 | - | - | - | €973 | €973 | €973 | - | - |
| Cash at bank and in hand54/58 | €57 | - | €471 | €54 | €299 | €904 | €1,120 | ▲ 23.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3,816 | €3,617 | €1,333 | €1,027 | €1,271 | €1,877 | €1,120 | ▼ 40.3% |
| Equity10/15 | -€6,606 | -€13,497 | -€19,306 | -€20,904 | -€21,248 | -€18,664 | -€14,988 | ▲ 19.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,487 | €1,487 | €1,487 | €1,487 | €1,487 | €1,487 | €1,487 | = |
| Non-distributable reserves130/1 | - | - | - | €1,487 | €1,487 | €1,487 | €1,487 | = |
| Reserves not available under the articles1311 | - | - | - | €1,487 | €1,487 | €1,487 | €1,487 | = |
| Profit (loss) carried forward14 | -€14,293 | -€21,184 | -€26,993 | -€28,591 | -€28,935 | -€26,350 | -€22,675 | ▲ 13.9% |
| Amounts payable17/49 | €10,422 | €17,114 | €20,640 | €21,931 | €22,520 | €20,540 | €16,108 | ▼ 21.6% |
| Amounts payable within one year42/48 | €10,422 | €17,114 | €20,640 | €21,931 | €22,520 | €20,540 | €16,108 | ▼ 21.6% |
| Trade debts44 | €2,230 | €994 | €921 | €2,692 | €1,878 | €1,271 | €1,891 | ▲ 48.9% |
| Suppliers440/4 | - | - | - | €2,692 | €1,878 | €1,271 | €1,464 | ▲ 15.2% |
| Bills of exchange payable441 | - | - | - | - | - | - | €428 | - |
| Taxes, remuneration and social security45 | - | - | - | €638 | €449 | €839 | €1,212 | ▲ 44.5% |
| Taxes450/3 | - | - | - | €638 | €449 | €839 | €1,212 | ▲ 44.5% |
| Other amounts payable47/48 | - | - | - | €18,601 | €20,193 | €18,431 | €13,005 | ▼ 29.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€484 | -€6,891 | -€5,810 | -€1,598 | -€344 | €2,585 | €3,675 | ▲ 42.2% |
| + Depreciation and write-downs630 | €85 | €85 | €85 | €43 | - | - | - | - |
| Operating cash flow (approximation) | -€399 | -€6,806 | -€5,725 | -€1,555 | -€344 | €2,585 | €3,675 | ▲ 42.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - | - | - |
| Change in cash | - | - | - | -€417 | €245 | €606 | €216 | ▼ 64.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 18-09-2025 | 2025-00494329 |
| 31-12-2023 | micro format | 06-12-2024 | 2024-00611639 |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00404107 |
| 31-12-2021 | micro format | 23-08-2022 | 2022-20308938 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-61900531 |
| 31-12-2019 | micro format | 25-06-2020 | 2020-24400307 |
| 31-12-2018 | micro format | 30-09-2019 | 2019-68600073 |
| 31-12-2017 | micro format | 26-06-2018 | 2018-22200320 |
| 31-12-2016 | micro format | 29-06-2017 | 2017-25700108 |
| 31-12-2015 | full format | 12-07-2016 | 2016-32000035 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.