Rebati
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 06-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 85% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €14,466 | €6,065 |
| Depreciation and write-downs of the year | €1,691 | €2,208 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €128 awarded · €128 paid| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €6,426 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,691 | €2,208 | ▲ 30.5% |
| Other operating charges640/8 | €4,482 | €803 | ▼ 82.1% |
| Gross operating margin9900 | €34,322 | €7,115 | ▼ 79.3% |
| Operating profit (loss)9901 | €28,149 | €4,104 | ▼ 85.4% |
| Financial income75/76B | €210 | €1,044 | ▲ 397% |
| Recurring financial income75 | €210 | €1,044 | ▲ 397% |
| Financial charges65/66B | €217 | €428 | ▲ 97.3% |
| Recurring financial charges65 | €217 | €428 | ▲ 97.3% |
| Profit (loss) for the period before taxes9903 | €28,142 | €4,721 | ▼ 83.2% |
| Income taxes67/77 | €7,100 | €2,266 | ▼ 68.1% |
| Profit (loss) for the period9904 | €21,042 | €2,455 | ▼ 88.3% |
| Profit (loss) for the period to be appropriated9905 | €21,042 | €2,455 | ▼ 88.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €34,962 | €65,158 | ▲ 86.4% |
| Fixed assets21/28 | €11,510 | €13,693 | ▲ 19.0% |
| Tangible fixed assets22/27 | €11,510 | €13,693 | ▲ 19.0% |
| Furniture and vehicles24 | €4,499 | €7,422 | ▲ 65.0% |
| Other tangible fixed assets26 | €7,011 | €6,270 | ▼ 10.6% |
| Current assets29/58 | €23,453 | €51,466 | ▲ 119% |
| Stocks and contracts in progress3 | - | €3,458 | - |
| Stocks30/36 | - | €3,458 | - |
| Amounts receivable within one year40/41 | €12,969 | €27,115 | ▲ 109% |
| Trade receivables40 | €12,969 | €20,746 | ▲ 60.0% |
| Other amounts receivable41 | - | €6,368 | - |
| Cash at bank and in hand54/58 | €8,874 | €9,615 | ▲ 8.3% |
| Deferred charges and accrued income490/1 | €1,609 | €11,278 | ▲ 601% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €34,962 | €65,158 | ▲ 86.4% |
| Equity10/15 | €23,542 | €25,997 | ▲ 10.4% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Reserves13 | €21,042 | €23,497 | ▲ 11.7% |
| Distributable reserves133 | €21,042 | €23,497 | ▲ 11.7% |
| Amounts payable17/49 | €11,420 | €39,161 | ▲ 243% |
| Amounts payable after more than one year17 | €1,243 | €3,628 | ▲ 192% |
| Financial debts170/4 | €1,243 | €3,628 | ▲ 192% |
| Amounts payable within one year42/48 | €10,177 | €35,534 | ▲ 249% |
| Current portion of amounts payable after more than one year42 | €874 | €3,076 | ▲ 252% |
| Trade debts44 | €1,981 | €27,861 | ▲ 14× |
| Suppliers440/4 | €1,981 | €27,861 | ▲ 14× |
| Taxes, remuneration and social security45 | €6,890 | €2,300 | ▼ 66.6% |
| Taxes450/3 | €6,890 | €2,300 | ▼ 66.6% |
| Other amounts payable47/48 | €432 | €2,297 | ▲ 432% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €21,042 | €2,455 | ▼ 88.3% |
| + Depreciation and write-downs630 | €1,691 | €2,208 | ▲ 30.5% |
| Operating cash flow (approximation) | €22,733 | €4,663 | ▼ 79.5% |
| Investment in fixed assets (approximation) | - | -€4,391 | - |
| Change in cash | - | €740 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,546 companies had the same profile as Rebati has now. Two years later, 94.3% were still going and 2.3% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Rebati itself: 2.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,546 companies, not a prediction for Rebati. 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.