Rebco
ActiveSummary
The annual accounts of Rebco for fiscal year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €32,484 and a net result of -€46,751. Equity is shrinking by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 25% of 28184 sector peers (fiscal year 2025). The company has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-39
Solvency49▼-22
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.31 against 1.84 in 2024; short-term debt: 76% and cash: 18.4% of total assets), and 76% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
24%
Return on assets
-34.6%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-02-2026, 9 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 · 10 filingsDeviation from the deadline
2025
9 d late
2024
2 d early
2023
1 d late
2022
1 d early
2021
9 d late
2020
27 d early
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#3 oldest company in Waterloo, Construction sector
Equity
€32,484▼ 59.0%
2024 · €79,235
Total assets
€135,237▼ 21.9%
2024 · €173,222
Net result
-€46,751
2024 · €1,058
Working capital
€32,099▼ 59.3%
2024 · €78,850
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20212022202320242025
Operating result€63,504▲ 34.3%-€86,853€5,224€1,498▼ 71.3%-€46,231
Net result€43,428above the sector's middle half▲ 3.6%-€87,634below the sector's middle half€4,538within the sector's middle half€1,058within the sector's middle half▼ 76.7%-€46,751below the sector's middle half
Equity€161,272above the sector's middle half▲ 26.1%€73,639within the sector's middle half▼ 54.3%€78,177within the sector's middle half▲ 6.2%€79,235within the sector's middle half▲ 1.4%€32,484within the sector's middle half▼ 59.0%
Total assets€298,581above the sector's middle half▲ 46.3%€118,386within the sector's middle half▼ 60.4%€142,554within the sector's middle half▲ 20.4%€173,222within the sector's middle half▲ 21.5%€135,237within the sector's middle half▼ 21.9%
Debt€137,309▲ 80.0%€44,747▼ 67.4%€64,377▲ 43.9%€93,988▲ 46.0%€102,753▲ 9.3%
Working capital€160,493▲ 27.1%€73,254▼ 54.4%€77,792▲ 6.2%€78,850▲ 1.4%€32,099▼ 59.3%
Solvency54.0%within the sector's middle half▼ 8.6pp62.2%within the sector's middle half▲ 8.2pp54.8%within the sector's middle half▼ 7.4pp45.7%within the sector's middle half▼ 9.1pp24.0%within the sector's middle half▼ 21.7pp
Staff (FTE)0.8=0.9▲ 12.5%0.9=0.8▼ 11.1%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
The operating result turns negative in 2025: a loss of €46,231 after €1,498 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135,237
Fixed assets
€385 =
Current assets
€134,852 ▼ 22.0%
Equity and liabilities €135,237
Equity
€32,484 ▼ 59.0%
Debt
€102,753 ▲ 9.3%
Debt's share of the balance-sheet total rises from 54.3% to 76.0%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.31▼
2024 · 1.84
Debt to equity
3.16▲
2024 · 1.19
ROE
-143.9%▼
2024 · 1.3%
ROA
-34.6%▼
2024 · 0.6%
Debt ≤ 1 year
€102,753▲
2024 · €93,988
Staff costs
€62,271▲
2024 · €57,352
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,219 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.5%
went bankrupt
7.4%
stopped otherwise
88%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,219 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €53,119 | €59,767 | €57,352 | €62,271 | ▲ 8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €835 | €394 | - | - | - | - |
| Other operating charges640/8 | - | €650 | €732 | €943 | €762 | ▼ 19.1% |
| Gross operating margin9900 | €116,231 | -€32,689 | €65,724 | €59,793 | €16,803 | ▼ 71.9% |
| Operating profit (loss)9901 | €63,504 | -€86,853 | €5,224 | €1,498 | -€46,231 | ▼ 3,185% |
| Financial income75/76B | - | €132 | €42 | €2 | €20 | ▲ 705% |
| Recurring financial income75 | - | €132 | €42 | €2 | €20 | ▲ 705% |
| Financial charges65/66B | - | €467 | €278 | €338 | €540 | ▲ 59.5% |
| Recurring financial charges65 | €157 | €467 | €278 | €338 | €540 | ▲ 59.5% |
| Profit (loss) for the period before taxes9903 | €63,347 | -€87,188 | €4,988 | €1,163 | -€46,751 | ▼ 4,121% |
| Income taxes67/77 | €19,919 | €446 | €450 | €105 | - | - |
| Profit (loss) for the period9904 | €43,428 | -€87,634 | €4,538 | €1,058 | -€46,751 | ▼ 4,520% |
| Profit (loss) for the period to be appropriated9905 | €43,428 | -€87,634 | €4,538 | €1,058 | -€46,751 | ▼ 4,520% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €298,581 | €118,386 | €142,554 | €173,222 | €135,237 | ▼ 21.9% |
| Fixed assets21/28 | €780 | €385 | €385 | €385 | €385 | = |
| Tangible fixed assets22/27 | €394 | - | - | - | - | - |
| Financial fixed assets28 | €385 | €385 | €385 | €385 | €385 | = |
| Current assets29/58 | €297,802 | €118,001 | €142,169 | €172,837 | €134,852 | ▼ 22.0% |
| Stocks and contracts in progress3 | €12,558 | €12,558 | €12,558 | €12,558 | - | - |
| Stocks30/36 | - | €12,558 | €12,558 | €12,558 | - | - |
| Amounts receivable within one year40/41 | €197,288 | €85,935 | €92,274 | €127,019 | €106,378 | ▼ 16.3% |
| Trade receivables40 | - | €84,123 | €84,197 | €119,948 | €99,996 | ▼ 16.6% |
| Other amounts receivable41 | - | €1,813 | €8,077 | €7,071 | €6,383 | ▼ 9.7% |
| Cash at bank and in hand54/58 | €82,762 | €17,978 | €36,049 | €29,832 | €24,878 | ▼ 16.6% |
| Deferred charges and accrued income490/1 | - | €1,530 | €1,288 | €3,428 | €3,596 | ▲ 4.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €298,581 | €118,386 | €142,554 | €173,222 | €135,237 | ▼ 21.9% |
| Equity10/15 | €161,272 | €73,639 | €78,177 | €79,235 | €32,484 | ▼ 59.0% |
| Contributions10/11 | - | €26,300 | €26,300 | €26,300 | €26,300 | = |
| Reserves13 | €36,127 | €36,127 | €40,627 | €41,677 | €41,677 | = |
| Non-distributable reserves130/1 | - | €2,727 | €2,727 | €2,727 | €2,727 | = |
| Reserves not available under the articles1311 | - | €2,727 | €2,727 | €2,727 | €2,727 | = |
| Distributable reserves133 | - | €33,400 | €37,900 | €38,950 | €38,950 | = |
| Profit (loss) carried forward14 | €98,846 | €11,212 | €11,250 | €11,258 | -€35,493 | ▼ 415% |
| Amounts payable17/49 | €137,309 | €44,747 | €64,377 | €93,988 | €102,753 | ▲ 9.3% |
| Amounts payable within one year42/48 | €137,309 | €44,747 | €64,377 | €93,988 | €102,753 | ▲ 9.3% |
| Trade debts44 | €63,145 | €9,776 | €26,867 | €37,545 | €55,660 | ▲ 48.2% |
| Suppliers440/4 | - | €9,776 | €26,867 | €37,545 | €55,660 | ▲ 48.2% |
| Taxes, remuneration and social security45 | - | €12,839 | €9,539 | €25,571 | €15,154 | ▼ 40.7% |
| Taxes450/3 | - | €2,454 | €3,569 | €8,559 | €2,253 | ▼ 73.7% |
| Remuneration and social security454/9 | - | €10,385 | €5,970 | €17,012 | €12,901 | ▼ 24.2% |
| Other amounts payable47/48 | - | €22,132 | €27,971 | €30,871 | €31,939 | ▲ 3.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,428 | -€87,634 | €4,538 | €1,058 | -€46,751 | ▼ 4,520% |
| + Depreciation and write-downs630 | €835 | €394 | - | - | - | - |
| Operating cash flow (approximation) | €44,262 | -€87,239 | €4,538 | €1,058 | -€46,751 | ▼ 4,520% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€64,784 | €18,071 | -€6,217 | -€4,954 | ▲ 20.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 9 days late
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
30-06
Financial
Back to profitnet €4,538
Net result €4,538 after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€87,634
Net result drops to -€87,634, the lowest in the series; recovery starts the following year.
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
30-06
Financial
Highest result since 2019net €43,428 ▲3.6%
Operating result €63,504, net result €43,428, both a record.
30-06
Financial
Equity above €150,000Eq €161,272 ▲26.1%
3 profitable years in a row build equity to €161,272.
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €100,000Eq €127,845 ▲33.3%
2 profitable years in a row build equity to €127,845.
2019
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
17-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Waterloo · 1 establishment unit since 1982
Ground area
3,122 m²
Building footprint
180 m²
Volume, LiDAR
1,223 m³
Parcel 25763I0394/00D000, Wallonia · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Avenue des Chasseurs 92, 1410 Waterloo
since 19822.039.228.327
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763I0394/00D000 | Wallonia | 3,122 m² | 1 · 180 m² | 10.8 m · 2 fl. |
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.
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K.W.S. Technics
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LEGATO
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,076 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded24-02-1971
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
Contact
E-mail
patrickdebeco@rebco.be
Phone
02/3540537
E-invoicing
Reachable via Peppol
Peppol ID
0208:0408085532
Also
9925:BE0408085532
Registered
02-06-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.