Turnover
≈ €110,000 estimated
The accounts state no turnover.
RED LINE
Lifetime
12 annual accounts with figures on one time axispeak €69,978 (2021)
€10,516▼ 68.9%
lowest -€15,173 (2018)
-€240▼ €8,808
peak €71,262 (2021)
€60,938▼ 0.4%
€82,767▼ 30.6%
Board3 names since 2021
3 directorsKortleven Seppe and 2 others
Documentsfilings and deeds
18-08-202618 days late
2025abbreviated format
Gross margin from €33,865 to €10,516Loss of €240Debts from €119,225 to €82,767
Key points
from the 2025 annual accountsFilings
12 annual accounts since 2014
Nine of the last ten came late. The 2023 accounts came latest: 198 days after the end of the period.
Position in the sector
-€240
Lower net result than 80% of companies in specialised construction. Sector median €26,645 · 9,966 companies.
Checked score
53
Fair
Financially stronger than 37% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.4%
01-2025: 7.6%▲ +2.2 percentage points vs 12-2024highest value
02-2025: 7.6%● unchanged vs 01-2025highest value
03-2025: 5.8%▼ -1.8 percentage points vs 02-2025
04-2025: 5.8%● unchanged vs 03-2025
05-2025: 5.7%▼ -0.1 percentage points vs 04-2025
06-2025: 5.4%▼ -0.3 percentage points vs 05-2025
07-2025: 5.4%● unchanged vs 06-2025
08-2025: 6.5%▲ +1.1 percentage points vs 07-2025
09-2025: 6.8%▲ +0.3 percentage points vs 08-2025
10-2025: 2.7%▼ -4.1 percentage points vs 09-2025
11-2025: 2.7%● unchanged vs 10-2025
12-2025: 2.7%● unchanged vs 11-2025
01-2026: 2.7%● unchanged vs 12-2025
02-2026: 2.7%● unchanged vs 01-2026
03-2026: 2.7%● unchanged vs 02-2026
04-2026: 2.6%▼ -0.1 percentage points vs 03-2026
05-2026: 2.5%▼ -0.1 percentage points vs 04-2026
06-2026: 2.5%● unchanged vs 05-2026
07-2026: 2.3%▼ -0.2 percentage points vs 06-2026
08-2026: 3.3%▲ +1.0 percentage point vs 07-2026
09-2026: 2.2%▼ -1.1 percentage points vs 08-2026lowest value
10-2026: 2.2%● unchanged vs 09-2026lowest value
11-2026: 2.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 18 days late; 2 of the last 3 accounts late
Liquidity: current ratio 0.50
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 2013
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 45% of them on solvency, 49% on liquidity, 21% on profitability and 34% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as RED LINE has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of RED LINE itself is higher: 2.2% within 12 months. It rests on far more data about RED LINE than the profile alone.
Test of the method
The method was tested on the 497,448 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 6,908 companies, not a prediction for RED LINE. 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.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.5 (0.65 in 2024), below 1. Short-term debt is 47.4% of total assets. 57.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 18 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
18 days late
2024
57 days late
2023
198 days late
2022
61 days late
2021
23 days late
2020
41 days late
2019
40 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 63 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 September (4 of the last 5 accounts filed within 39 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0534710124
Changes of role: VAN dE VEN Ken (director) and KORTLEVEN Sepke (director)
General meeting of 16-10-2023 · Gazette deed
Incorporation
published on 05-06-2013 · Gazette deed
First establishment
Bloemenlaan 49, Kapellen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RED LINE Kapellen | €143,705 | €10,516 | 42.4% | - |
| Mariën Dirk Interieur Kortrijk | €153,296 | €10,818 | 26.3% | - |
| Frank Quintens Interieurinrichting Beringen | €145,235 | €12,013 | 75.5% | - |
| CHAVES PROJECT Zaventem | €133,193 | €9,182 | 62.2% | - |
| Schrijnwerken De Pauw Evergem | €161,422 | €8,410 | 67.2% | - |
| WINDOORPRO Kortrijk | €155,461 | €13,163 | 12.8% | - |
| SIEREVELD INTERIEUR Boom | €149,166 | €11,231 | -2.6% | - |
These companies have the same main activity as RED LINE: joinery installation (NACE 43320). They are comparable in size and age: total assets between €133,000 and €161,000, founded between 2009 and 2013.
Official details
Source: KBO- Status
- Active since 23-05-2013Normal situation
- Activity
- Joinery installationNACE 43320
- Establishment unit
- 2.219.671.7842950 Kapellen, since 23-05-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Insights on RED LINE
RED LINE files the abbreviated format. That format states no turnover. The gross margin fell from €66,368 in 2014 to €10,516 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RED LINE
- What is the company number of RED LINE?
- The company number of RED LINE is 0534.710.124. The VAT number is the same number with BE in front: BE 0534.710.124.
- Where is RED LINE based?
- The registered office is at Bloemenlaan 49, 2950 Kapellen.Company details
- What does RED LINE do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of RED LINE?
- RED LINE is a private limited company (BV).
- When was RED LINE founded?
- RED LINE was founded on 23-05-2013.
- Is RED LINE still active?
- Yes, RED LINE is an active enterprise in the KBO register.
- What is the turnover of RED LINE?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €10,516 and 84 comparable companies (NACE 43320). It probably lies between €61,000 and €210,000. It is a rough estimate.Financials
- Is RED LINE profitable?
- In financial year 2025, RED LINE made a loss of €240.
- Where can I find the annual accounts of RED LINE?
- RED LINE filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RED LINE due?
- RED LINE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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