RED ORIGIN
ActiveSummary
RED ORIGIN has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €182,835 and a net result of €77,075. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 38% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-10
Solvency66▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.5 in 2024; short-term debt: 21.8% and cash: 6.3% of total assets), and 59.2% of the assets are financed with debt.
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Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
40.8%
Return on assets
17.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €182,835
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
3 d early
2024
4 d late
2023
1 d late
2022
40 d early
2021
40 d early
2020
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 12 days before 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 28 July (5 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#10 company by total assets in Beyne-Heusay, Professional and technical services sector
Equity
€182,835▲ 4.0%
2024 · €175,759
Total assets
€448,119▲ 0.1%
2024 · €447,599
Net result
€77,075▼ 63.6%
2024 · €211,884
Working capital
-€69,469▼ 143%
2024 · -€28,623
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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€1,097-€4,846€24,813€229,949▲ 827%€112,022▼ 51.3%
Net result-€3,273below the sector's middle half▼ 2.9%-€8,097below the sector's middle half▼ 147%€16,423within the sector's middle half€211,884above the sector's middle half▲ 1,190%€77,075above the sector's middle half▼ 63.6%
Equity-€4,452below the sector's middle half▼ 278%-€12,548below the sector's middle half▼ 182%€3,875below the sector's middle half€175,759within the sector's middle half▲ 4,436%€182,835within the sector's middle half▲ 4.0%
Total assets€225,117within the sector's middle half=€226,119within the sector's middle half▲ 0.4%€238,927within the sector's middle half▲ 5.7%€447,599within the sector's middle half▲ 87.3%€448,119within the sector's middle half▲ 0.1%
Debt€229,568▲ 1.4%€238,667▲ 4.0%€235,052▼ 1.5%€271,839▲ 15.7%€265,284▼ 2.4%
Working capital-€58,639below the sector's middle half▼ 33.3%-€86,863below the sector's middle half▼ 48.1%-€94,476below the sector's middle half▼ 8.8%-€28,623below the sector's middle half▲ 69.7%-€69,469below the sector's middle half▼ 143%
Solvency-2.0%below the sector's middle half▼ 1.5pp-5.5%below the sector's middle half▼ 3.6pp1.6%below the sector's middle half▲ 7.2pp39.3%within the sector's middle half▲ 37.6pp40.8%within the sector's middle half▲ 1.5pp
Current ratio0.19below the sector's middle half▲ 0.090.15below the sector's middle half▼ 0.040.21below the sector's middle half▲ 0.060.50below the sector's middle half▲ 0.290.29below the sector's middle half▼ 0.21
Return on assets (ROA)-1.5%below the sector's middle half=-3.6%below the sector's middle half▼ 2.1pp6.9%within the sector's middle half▲ 10.5pp47.3%above the sector's middle half▲ 40.5pp17.2%within the sector's middle half▼ 30.1pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 falls in 2025; 2025 is 51% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €448,119
Fixed assets
€419,752 ▲ 0.1%
Current assets
€28,367 ▲ 0.5%
Equity and liabilities €448,119
Equity
€182,835 ▲ 4.0%
Debt
€265,284 ▼ 2.4%
Debt's share of the balance-sheet total falls from 60.7% to 59.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€113,998▼
2024 · €231,957
Cash flow
€79,052▼
2024 · €213,893
Debt to equity
1.45▼
2024 · 1.55
ROE
42.2%▼
2024 · 120.6%
Interest coverage
17.33▼
2024 · 69.50
Debt ≤ 1 year
€97,836▲
2024 · €56,862
Debt > 1 year
€167,448▼
2024 · €214,978
Income taxes
€28,369▲
2024 · €16,086
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €386 | €386 | €1,321 | €2,009 | €1,976 | ▼ 1.6% |
| Other operating charges640/8 | €1,096 | €344 | €1,122 | €673 | €775 | ▲ 15.2% |
| Gross operating margin9900 | €2,579 | -€4,116 | €27,257 | €232,630 | €114,773 | ▼ 50.7% |
| Operating profit (loss)9901 | €1,097 | -€4,846 | €24,813 | €229,949 | €112,022 | ▼ 51.3% |
| Financial income75/76B | €67 | €166 | €416 | €1,360 | - | - |
| Recurring financial income75 | €67 | €166 | €416 | €1,360 | - | - |
| Financial charges65/66B | €2,769 | €2,340 | €2,173 | €3,338 | €6,578 | ▲ 97.1% |
| Recurring financial charges65 | €2,769 | €2,340 | €2,173 | €3,338 | €6,578 | ▲ 97.1% |
| Profit (loss) for the period before taxes9903 | -€1,606 | -€7,021 | €23,057 | €227,971 | €105,444 | ▼ 53.7% |
| Income taxes67/77 | €1,667 | €1,076 | €6,634 | €16,086 | €28,369 | ▲ 76.4% |
| Profit (loss) for the period9904 | -€3,273 | -€8,097 | €16,423 | €211,884 | €77,075 | ▼ 63.6% |
| Profit (loss) for the period to be appropriated9905 | -€3,273 | -€8,097 | €16,423 | €211,884 | €77,075 | ▼ 63.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €225,117 | €226,119 | €238,927 | €447,599 | €448,119 | ▲ 0.1% |
| Fixed assets21/28 | €210,936 | €210,550 | €213,806 | €419,360 | €419,752 | ▲ 0.1% |
| Tangible fixed assets22/27 | €757 | €370 | €3,627 | €2,147 | €2,540 | ▲ 18.3% |
| Furniture and vehicles24 | €757 | €370 | €3,627 | €2,147 | €2,540 | ▲ 18.3% |
| Financial fixed assets28 | €210,180 | €210,180 | €210,180 | €417,212 | €417,212 | = |
| Current assets29/58 | €14,181 | €15,569 | €25,121 | €28,239 | €28,367 | ▲ 0.5% |
| Amounts receivable within one year40/41 | - | €1,898 | €366 | €366 | - | - |
| Other amounts receivable41 | - | €1,898 | €366 | €366 | - | - |
| Cash at bank and in hand54/58 | €14,181 | €13,671 | €24,754 | €27,873 | €28,367 | ▲ 1.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €225,117 | €226,119 | €238,927 | €447,599 | €448,119 | ▲ 0.1% |
| Equity10/15 | -€4,452 | -€12,548 | €3,875 | €175,759 | €182,835 | ▲ 4.0% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€6,452 | -€14,548 | €1,875 | €173,759 | €180,835 | ▲ 4.1% |
| Amounts payable17/49 | €229,568 | €238,667 | €235,052 | €271,839 | €265,284 | ▼ 2.4% |
| Amounts payable after more than one year17 | €156,749 | €136,235 | €115,456 | €214,978 | €167,448 | ▼ 22.1% |
| Financial debts170/4 | €156,749 | €136,235 | €115,456 | €214,978 | €167,448 | ▼ 22.1% |
| Amounts payable within one year42/48 | €72,820 | €102,432 | €119,596 | €56,862 | €97,836 | ▲ 72.1% |
| Current portion of amounts payable after more than one year42 | €20,252 | €20,514 | €20,780 | €46,348 | €47,530 | ▲ 2.6% |
| Trade debts44 | - | - | €290 | - | €124 | - |
| Suppliers440/4 | - | - | €290 | - | €124 | - |
| Taxes, remuneration and social security45 | €3,089 | €3,063 | - | €2,336 | €1,619 | ▼ 30.7% |
| Taxes450/3 | €3,089 | €3,063 | - | €2,336 | €1,619 | ▼ 30.7% |
| Other amounts payable47/48 | €49,479 | €78,855 | €98,527 | €8,177 | €48,564 | ▲ 494% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,273 | -€8,097 | €16,423 | €211,884 | €77,075 | ▼ 63.6% |
| + Depreciation and write-downs630 | €386 | €386 | €1,321 | €2,009 | €1,976 | ▼ 1.6% |
| Operating cash flow (approximation) | -€2,886 | -€7,710 | €17,745 | €213,893 | €79,052 | ▼ 63.0% |
| Investment in fixed assets (approximation) | - | €0 | -€4,578 | -€207,562 | -€2,369 | ▲ 98.9% |
| Change in cash | - | -€510 | €11,084 | €3,118 | €494 | ▼ 84.2% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-12
Financial
Highest result since 2020net €211,884 ▲1,190%
Operating result €229,949, net result €211,884, both a record.
31-12
Financial
Equity above €150,000Eq €175,759 ▲4,436%
2 profitable years in a row build equity to €175,759.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial
Back to profitnet €16,423
Net result €16,423 after 3 loss-making years.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€8,097
Net result drops to -€8,097, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
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, Beyne-Heusay · 1 establishment unit since 2020
Ground area
154 m²
Building footprint
43 m²
Volume, LiDAR
372 m³
Parcel 62015A0248/00F003, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Arnold Boulanger 47, 4610 Beyne-Heusay
since 20202.301.093.980
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62015A0248/00F003 | Wallonia | 154 m² | 1 · 43 m² | 9.9 m · 3 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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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 40,621 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
Founded20-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
red.origin2020@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0745550215
Registered
12-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.