RED LAW
ActiveSummary
RED LAW has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,615 and a net result of €36,794. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 12860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+9
Solvency29▼-67
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.7%
Return on assets
24.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 12860 sector peers (2025).
NBB · sector comparisonPosition among 12860 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
53 d late
2023
27 d late
2022
15 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 32 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€5,615▼ 93.5%
2024 · €86,925
Total assets
€150,890▲ 23.7%
2024 · €122,018
Net result
€36,794▲ 77.9%
2024 · €20,684
Working capital
€54,597▼ 34.2%
2024 · €82,980
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€57,586-€46,603▼ 19.1%€28,213▼ 39.5%€46,885▲ 66.2%
Net result€45,131within the sector's middle half-€35,410within the sector's middle half▼ 21.5%€20,684within the sector's middle half▼ 41.6%€36,794within the sector's middle half▲ 77.9%
Equity€35,931within the sector's middle half-€66,241within the sector's middle half▲ 84.4%€86,925within the sector's middle half▲ 31.2%€5,615below the sector's middle half▼ 93.5%
Total assets€69,074below the sector's middle half-€94,042within the sector's middle half▲ 36.1%€122,018within the sector's middle half▲ 29.7%€150,890within the sector's middle half▲ 23.7%
Debt€33,143-€27,802▼ 16.1%€35,093▲ 26.2%€145,275▲ 314%
Working capital€30,401within the sector's middle half-€61,470within the sector's middle half▲ 102%€82,980within the sector's middle half▲ 35.0%€54,597within the sector's middle half▼ 34.2%
Solvency52.0%within the sector's middle half-70.4%within the sector's middle half▲ 18.4pp71.2%within the sector's middle half▲ 0.8pp3.7%below the sector's middle half▼ 67.5pp
Current ratio1.92within the sector's middle half-3.21within the sector's middle half▲ 1.293.37within the sector's middle half▲ 0.161.59within the sector's middle half▼ 1.78
Return on assets (ROA)65.3%above the sector's middle half-37.7%above the sector's middle half▼ 27.7pp17.0%within the sector's middle half▼ 20.7pp24.4%within the sector's middle half▲ 7.4pp
Staff (FTE)0.11▲ 900%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting 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 recovers in 2025; 2025 is 66% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €150,890
Fixed assets
€3,413 ▼ 14.9%
Current assets
€147,478 ▲ 25.0%
Equity and liabilities €150,890
Equity
€5,615 ▼ 93.5%
Debt
€145,275 ▲ 314%
Debt's share of the balance-sheet total rises from 28.8% to 96.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€47,484▲
2024 · €28,973
Cash flow
€37,392▲
2024 · €21,444
Debt to equity
25.87▲
2024 · 0.40
ROE
655.3%▲
2024 · 23.8%
Interest coverage
73.20▲
2024 · 39.57
Debt ≤ 1 year
€92,880▲
2024 · €35,027
Debt > 1 year
€50,387
Income taxes
€13,605▲
2024 · €9,354
Staff costs
€34,549▲
2024 · €3,606
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,157 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
3.0%
went bankrupt
2.8%
stopped otherwise
94%
still going
A further 0.1% 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 497,340 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% | 1.0% |
| 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% 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 2,157 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €3,606 | €34,549 | ▲ 858% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €574 | €760 | €760 | €599 | ▼ 21.2% |
| Other operating charges640/8 | €754 | €1,736 | €11,324 | €3,639 | ▼ 67.9% |
| Gross operating margin9900 | €58,914 | €49,100 | €43,902 | €85,671 | ▲ 95.1% |
| Operating profit (loss)9901 | €57,586 | €46,603 | €28,213 | €46,885 | ▲ 66.2% |
| Financial income75/76B | €114 | €1,158 | €2,558 | €4,162 | ▲ 62.7% |
| Recurring financial income75 | €114 | €1,158 | €2,458 | €4,062 | ▲ 65.3% |
| Non-recurring financial income76B | - | - | €100 | €100 | = |
| Financial charges65/66B | €1 | €590 | €732 | €649 | ▼ 11.4% |
| Recurring financial charges65 | €1 | €590 | €732 | €649 | ▼ 11.4% |
| Profit (loss) for the period before taxes9903 | €57,698 | €47,171 | €30,038 | €50,398 | ▲ 67.8% |
| Income taxes67/77 | €12,567 | €11,762 | €9,354 | €13,605 | ▲ 45.4% |
| Profit (loss) for the period9904 | €45,131 | €35,410 | €20,684 | €36,794 | ▲ 77.9% |
| Profit (loss) for the period to be appropriated9905 | €45,131 | €35,410 | €20,684 | €36,794 | ▲ 77.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €69,074 | €94,042 | €122,018 | €150,890 | ▲ 23.7% |
| Fixed assets21/28 | €5,531 | €4,771 | €4,011 | €3,413 | ▼ 14.9% |
| Intangible fixed assets21 | €1,387 | €1,237 | €1,087 | €937 | ▼ 13.8% |
| Tangible fixed assets22/27 | €4,144 | €3,534 | €2,925 | €2,476 | ▼ 15.3% |
| Plant, machinery and equipment23 | €3,666 | €3,269 | €2,872 | €2,476 | ▼ 13.8% |
| Furniture and vehicles24 | €478 | €265 | €52 | - | - |
| Current assets29/58 | €63,543 | €89,272 | €118,007 | €147,478 | ▲ 25.0% |
| Amounts receivable after more than one year29 | €14,509 | €23,023 | €48,831 | €71,673 | ▲ 46.8% |
| Other amounts receivable291 | €14,509 | €23,023 | €48,831 | €71,673 | ▲ 46.8% |
| Amounts receivable within one year40/41 | €17,965 | €46,988 | €49,721 | €52,130 | ▲ 4.8% |
| Trade receivables40 | €17,965 | €46,248 | €40,752 | €42,506 | ▲ 4.3% |
| Other amounts receivable41 | - | €740 | €8,970 | €9,624 | ▲ 7.3% |
| Cash at bank and in hand54/58 | €28,731 | €13,301 | €8,656 | €12,836 | ▲ 48.3% |
| Deferred charges and accrued income490/1 | €2,338 | €5,960 | €10,798 | €10,839 | ▲ 0.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €69,074 | €94,042 | €122,018 | €150,890 | ▲ 23.7% |
| Equity10/15 | €35,931 | €66,241 | €86,925 | €5,615 | ▼ 93.5% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €34,931 | €65,241 | €85,925 | €4,615 | ▼ 94.6% |
| Amounts payable17/49 | €33,143 | €27,802 | €35,093 | €145,275 | ▲ 314% |
| Amounts payable after more than one year17 | - | - | - | €50,387 | - |
| Financial debts170/4 | - | - | - | €50,387 | - |
| Amounts payable within one year42/48 | €33,143 | €27,802 | €35,027 | €92,880 | ▲ 165% |
| Current portion of amounts payable after more than one year42 | €8,000 | €3,414 | €3,420 | €13,013 | ▲ 280% |
| Trade debts44 | €4,179 | €3,208 | €18,721 | €16,548 | ▼ 11.6% |
| Suppliers440/4 | €4,179 | €3,208 | €18,721 | €16,548 | ▼ 11.6% |
| Advances received on contracts in progress46 | €350 | - | - | €1,500 | - |
| Taxes, remuneration and social security45 | €10,414 | €10,979 | €12,885 | €14,320 | ▲ 11.1% |
| Taxes450/3 | €10,414 | €10,979 | €7,437 | €8,045 | ▲ 8.2% |
| Remuneration and social security454/9 | - | - | €5,449 | €6,276 | ▲ 15.2% |
| Other amounts payable47/48 | €10,200 | €10,200 | - | €47,500 | - |
| Accrued charges and deferred income492/3 | - | €0 | €66 | €2,008 | ▲ 2,938% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,131 | €35,410 | €20,684 | €36,794 | ▲ 77.9% |
| + Depreciation and write-downs630 | €574 | €760 | €760 | €599 | ▼ 21.2% |
| Operating cash flow (approximation) | €45,706 | €36,169 | €21,444 | €37,392 | ▲ 74.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€15,431 | -€4,644 | €4,179 | ▲ 190% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-12
Financial
Weakest financial yearnet €20,684 ▼41.6%
Net result drops to €20,684, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
15-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Charleroi · 2 establishment units since 2022
Ground area
891 m²
Building footprint
284 m²
Volume, LiDAR
1,312 m³
2 parcels, Wallonia · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
RED LAW
since 20222.326.642.790
RED LAW
since 20252.380.405.338
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52025G0145/00B000 | Wallonia | 795 m² | 1 · 190 m² | - |
| 52011B0239/00C056 | Wallonia | 96 m² | 1 · 94 m² | 16.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,057 companies in this sector we hold annual accounts for 9,060. 3,363 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded12-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Contact
E-mail
contact@red-law.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0779997685
Also
9925:BE0779997685
Registered
10-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.