REBIRTH DEVELOPMENT
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year €-122k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
47 d early
2022
60 d late
2021
38 d early
2020
76 d late
2019
102 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€74k▲ 3.3%
2022 · €72k
2021: €6klowest in 3 years
2022: €72k▲ +1073% vs 2021
2023: €74k▲ +3.3% vs 2022highest in 3 years
2021 → 2023
EBIT margin
-55.9%▼ 51.6pp
2022 · -4.3%
2021: -821.8%lowest in 3 years
2022: -4.3%▲ +99.5% vs 2021highest in 3 years
2023: -55.9%▼ -1215% vs 2022
2021 → 2023
Net result
€-122k▲ 27.3%
2023 · €-168k
2019: €-70k
2020: €-51k▲ +26.7% vs 2019
2021: €-54k▼ -6.6% vs 2020
2022: €-21k▲ +62.2% vs 2021highest in 6 years
2023: €-168k▼ -719% vs 2022lowest in 6 years
2024: €-122k▲ +27.3% vs 2023
2019 → 2024
Working capital
€-2.92M▼ 3.7%
2023 · €-2.81M
2019: €-391khighest in 6 years
2020: €-420k▼ -7.4% vs 2019
2021: €-440k▼ -4.6% vs 2020
2022: €-2.48M▼ -463% vs 2021
2023: €-2.81M▼ -13.6% vs 2022
2024: €-2.92M▼ -3.7% vs 2023lowest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€6k€72k▲ 1,073%€74k▲ 3.3%
2021: €6klowest in 3 years
2022: €72k▲ +1073% vs 2021
2023: €74k▲ +3.3% vs 2022highest in 3 years
Equity€379k-€325k▼ 14.3%€304k▼ 6.3%€136k▼ 55.4%€13k▼ 90.2%
2020: €379khighest in 5 years
2021: €325k▼ -14.3% vs 2020
2022: €304k▼ -6.3% vs 2021
2023: €136k▼ -55.4% vs 2022
2024: €13k▼ -90.2% vs 2023lowest in 5 years
Operating result€-45k-€-50k▼ 12.5%€-3k▲ 93.9%€-41k▼ 1,259%€24k
2020: €-45k
2021: €-50k▼ -12.5% vs 2020lowest in 5 years
2022: €-3k▲ +93.9% vs 2021
2023: €-41k▼ -1259% vs 2022
2024: €24k▲ +159% vs 2023highest in 5 years
Net result€-51k-€-54k▼ 6.6%€-21k▲ 62.2%€-168k▼ 719%€-122k▲ 27.3%
2020: €-51k
2021: €-54k▼ -6.6% vs 2020
2022: €-21k▲ +62.2% vs 2021highest in 5 years
2023: €-168k▼ -719% vs 2022lowest in 5 years
2024: €-122k▲ +27.3% vs 2023
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €24k after a loss of €41k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.95M
Fixed assets
€2.93M ▼ 0.8%
Current assets
€15k ▲ 19.9%
Equity and liabilities €2.95M
Equity
€13k ▼ 90.2%
Debt
€2.93M ▲ 3.6%
Debt's share of the balance-sheet total rises from 95.4% to 99.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€118k▲
2023 · €51k
Cash flow
€-28k▲
2023 · €-77k
Current ratio
0.00▲
2023 · 0.00
ROE
-920.9%▼
2023 · -124.1%
ROA
-4.2%▲
2023 · -5.7%
Interest coverage
0.81▲
2023 · 0.40
Debt ≤ 1 year
€2.93M▲
2023 · €2.83M
A ratio outside any meaningful range has been withheld (balance sheet total €2.95M, equity €13k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.97M€2.95M▼
Fixed assets21/28€2.96M€2.93M▼
Tangible fixed assets22/27€2.96M€2.93M▼
Land and buildings22€2.96M€2.93M▼
Current assets29/58€12k€15k▲
Cash at bank and in hand54/58€12k€15k▲
Equity and liabilities
Total equity and liabilities10/49€2.97M€2.95M▼
Equity10/15€136k€13k▼
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Profit (loss) carried forward14€-364k€-487k▼
Amounts payable17/49€2.83M€2.93M▲
Amounts payable within one year42/48€2.83M€2.93M▲
Current portion of amounts payable after more than one year42€2.54M-
Trade debts44€144k€6k▼
Suppliers440/4€144k€6k▼
Taxes, remuneration and social security45-€13k
Taxes450/3-€13k
Other amounts payable47/48€141k€2.91M▲
Accrued charges and deferred income492/3€6k-
Income statement
Code20232024
Turnover70€74k-
Goods, raw materials, services and sundry goods60/61€23k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€92k€94k▲
Other operating charges640/8€596€13k▲
Gross operating margin9900€51k€132k▲
Operating profit (loss)9901€-41k€24k▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€127k€147k▲
Recurring financial charges65€127k€147k▲
Profit (loss) for the period before taxes9903€-168k€-122k▲
Profit (loss) for the period9904€-168k€-122k▲
Profit (loss) for the period to be appropriated9905€-168k€-122k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-364k€-487k▼
Profit (loss) brought forward from the previous period14P€-196k€-364k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €6k | €72k | €74k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €6k | €37k | €23k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €35k | €22k | €92k | €94k | ▲ 2.3% |
| Other operating charges640/8 | - | €15k | €15k | €596 | €13k | ▲ 2,141% |
| Gross operating margin9900 | €-8k | €-193 | €34k | €51k | €132k | ▲ 157% |
| Operating profit (loss)9901 | €-45k | €-50k | €-3k | €-41k | €24k | ▲ 159% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Financial charges65/66B | - | €4k | €18k | €127k | €147k | ▲ 15.5% |
| Recurring financial charges65 | €6k | €4k | €18k | €127k | €147k | ▲ 15.5% |
| Profit (loss) for the period before taxes9903 | €-51k | €-54k | €-21k | €-168k | €-122k | ▲ 27.3% |
| Profit (loss) for the period9904 | €-51k | €-54k | €-21k | €-168k | €-122k | ▲ 27.3% |
| Profit (loss) for the period to be appropriated9905 | €-51k | €-54k | €-21k | €-168k | €-122k | ▲ 27.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €800k | €765k | €2.95M | €2.97M | €2.95M | ▼ 0.7% |
| Fixed assets21/28 | €800k | €765k | €2.78M | €2.96M | €2.93M | ▼ 0.8% |
| Tangible fixed assets22/27 | €800k | €765k | €2.78M | €2.96M | €2.93M | ▼ 0.8% |
| Land and buildings22 | - | €765k | €2.78M | €2.96M | €2.93M | ▼ 0.8% |
| Current assets29/58 | €9 | €492 | €168k | €12k | €15k | ▲ 19.9% |
| Cash at bank and in hand54/58 | €9 | €492 | €168k | €12k | €15k | ▲ 19.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €800k | €765k | €2.95M | €2.97M | €2.95M | ▼ 0.7% |
| Equity10/15 | €379k | €325k | €304k | €136k | €13k | ▼ 90.2% |
| Contributions10/11 | €500k | €500k | €500k | €500k | €500k | = |
| Capital10 | - | €500k | €500k | €500k | €500k | = |
| Issued capital100 | - | €500k | €500k | €500k | €500k | = |
| Profit (loss) carried forward14 | €-121k | €-175k | €-196k | €-364k | €-487k | ▼ 33.6% |
| Amounts payable17/49 | €420k | €440k | €2.65M | €2.83M | €2.93M | ▲ 3.6% |
| Amounts payable within one year42/48 | €420k | €440k | €2.65M | €2.83M | €2.93M | ▲ 3.8% |
| Current portion of amounts payable after more than one year42 | - | €392k | €2.40M | €2.54M | - | - |
| Trade debts44 | €11k | €19k | €132k | €144k | €6k | ▼ 96.0% |
| Suppliers440/4 | - | €19k | €132k | €144k | €6k | ▼ 96.0% |
| Taxes, remuneration and social security45 | - | - | - | - | €13k | - |
| Taxes450/3 | - | - | - | - | €13k | - |
| Other amounts payable47/48 | - | €30k | €117k | €141k | €2.91M | ▲ 1,960% |
| Accrued charges and deferred income492/3 | - | €277 | - | €6k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-51k | €-54k | €-21k | €-168k | €-122k | ▲ 27.3% |
| + Depreciation and write-downs630 | €22k | €35k | €22k | €92k | €94k | ▲ 2.3% |
| Operating cash flow (approximation) | €-29k | €-20k | €1k | €-77k | €-28k | ▲ 62.8% |
| Investment in fixed assets (approximation) | - | €0 | €-2.04M | €-266k | €-70k | ▲ 73.7% |
| Change in cash | - | €483 | €167k | €-156k | €2k | ▲ 102% |
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
2025
25-07
State Gazette act
Board meeting · Merger
Accounting effect · Shareholding
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
07-03
State Gazette act
Merger · Accounting effect
Capital · Corporate purpose
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-168k
Net result drops to €-168k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 76 days late
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionMerger with:Inclusio