Red Vibes
ActiveSummary
Red Vibes has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5k and a net result of €6k. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 38% of 2542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+50
Solvency56▲+33
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Four 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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
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
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 2024Solvency, return and age of the figures
Solvency
30.6%
Return on assets
32.7%
Age of the figures
21 mo
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 17-06-2025, 44 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
54 d early
2022
123 d late
2021
78 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€5k
2023 · €-368
2021: €5k
2022: €4k▼ -15.8% vs 2021
2023: €-368▼ -109% vs 2022lowest in 4 years
2024: €5k▲ +1564% vs 2023highest in 4 years
2021 → 2024
Total assets
€18k▼ 15.3%
2023 · €21k
2021: €70khighest in 4 years
2022: €30k▼ -57.3% vs 2021
2023: €21k▼ -30.6% vs 2022
2024: €18k▼ -15.3% vs 2023lowest in 4 years
2021 → 2024
Net result
€6k
2023 · €-4k
2021: €-20klowest in 4 years
2022: €-731▲ +96.4% vs 2021
2023: €-4k▼ -485% vs 2022
2024: €6k▲ +235% vs 2023highest in 4 years
2021 → 2024
Working capital
€-2k▲ 80.4%
2023 · €-8k
2021: €-37klowest in 4 years
2022: €-7k▲ +80.3% vs 2021
2023: €-8k▼ -7.9% vs 2022
2024: €-2k▲ +80.4% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€5k-€4k▼ 15.8%€-368€5k
2021: €5k
2022: €4k▼ -15.8% vs 2021
2023: €-368▼ -109% vs 2022lowest in 4 years
2024: €5k▲ +1564% vs 2023highest in 4 years
Operating result€-20k-€-202▲ 99.0%€-4k▼ 1,839%€6k
2021: €-20klowest in 4 years
2022: €-202▲ +99.0% vs 2021
2023: €-4k▼ -1839% vs 2022
2024: €6k▲ +256% vs 2023highest in 4 years
Net result€-20k-€-731▲ 96.4%€-4k▼ 485%€6k
2021: €-20klowest in 4 years
2022: €-731▲ +96.4% vs 2021
2023: €-4k▼ -485% vs 2022
2024: €6k▲ +235% vs 2023highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €6k after a loss of €4k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €18k
Fixed assets
€8k ▼ 48.1%
Current assets
€10k ▲ 82.8%
Equity and liabilities €18k
Equity
€5k
Debt
€12k
Debt finances 69.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€14k▲
2023 · €3k
Cash flow
€13k▲
2023 · €3k
Current ratio
0.86▲
2023 · 0.40
Debt to equity
2.26
ROE
106.8%
ROA
32.7%▲
2023 · -20.5%
Interest coverage
69.87▲
2023 · 12.32
Debt ≤ 1 year
€11k▼
2023 · €13k
Debt > 1 year
€1k▼
2023 · €8k
Income taxes
€160▲
2023 · €123
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 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€21k€18k▼
Fixed assets21/28€16k€8k▼
Tangible fixed assets22/27€16k€8k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€13k€7k▼
Current assets29/58€5k€10k▲
Amounts receivable within one year40/41€3k€4k▲
Trade receivables40€2k€2k▲
Other amounts receivable41€174€2k▲
Cash at bank and in hand54/58€2k€5k▲
Deferred charges and accrued income490/1€186€274▲
Equity and liabilities
Total equity and liabilities10/49€21k€18k▼
Equity10/15€-368€5k▲
Contributions10/11€25k€25k=
Profit (loss) carried forward14€-25k€-20k▲
Amounts payable17/49€21k€12k▼
Amounts payable after more than one year17€8k€1k▼
Financial debts170/4€8k€1k▼
Amounts payable within one year42/48€13k€11k▼
Financial debts43€7k€7k▲
Other loans439€7k€7k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€2k€902▼
Taxes450/3€255€902▲
Remuneration and social security454/9€1k-
Other amounts payable47/48€1k€1k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€4k€15k▲
Operating profit (loss)9901€-4k€6k▲
Financial income75/76B€34-
Recurring financial income75€34-
Financial charges65/66B€265€195▼
Recurring financial charges65€265€195▼
Profit (loss) for the period before taxes9903€-4k€6k▲
Income taxes67/77€123€160▲
Profit (loss) for the period9904€-4k€6k▲
Profit (loss) for the period to be appropriated9905€-4k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-25k€-20k▲
Profit (loss) brought forward from the previous period14P€-21k€-25k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €9k | €7k | €8k | ▲ 4.3% |
| Other operating charges640/8 | €675 | €449 | €1k | €2k | ▲ 42.5% |
| Gross operating margin9900 | €-8k | €9k | €4k | €15k | ▲ 249% |
| Operating profit (loss)9901 | €-20k | €-202 | €-4k | €6k | ▲ 256% |
| Financial income75/76B | €246 | €57 | €34 | - | - |
| Recurring financial income75 | €246 | €57 | €34 | - | - |
| Financial charges65/66B | €627 | €474 | €265 | €195 | ▼ 26.5% |
| Recurring financial charges65 | €627 | €474 | €265 | €195 | ▼ 26.5% |
| Profit (loss) for the period before taxes9903 | €-20k | €-619 | €-4k | €6k | ▲ 243% |
| Income taxes67/77 | €164 | €112 | €123 | €160 | ▲ 29.9% |
| Profit (loss) for the period9904 | €-20k | €-731 | €-4k | €6k | ▲ 235% |
| Profit (loss) for the period to be appropriated9905 | €-20k | €-731 | €-4k | €6k | ▲ 235% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €70k | €30k | €21k | €18k | ▼ 15.3% |
| Fixed assets21/28 | €63k | €26k | €16k | €8k | ▼ 48.1% |
| Tangible fixed assets22/27 | €63k | €26k | €16k | €8k | ▼ 48.1% |
| Plant, machinery and equipment23 | €9k | €6k | €2k | €1k | ▼ 46.2% |
| Furniture and vehicles24 | €55k | €20k | €13k | €7k | ▼ 48.4% |
| Current assets29/58 | €7k | €4k | €5k | €10k | ▲ 82.8% |
| Amounts receivable within one year40/41 | €389 | €3k | €3k | €4k | ▲ 61.0% |
| Trade receivables40 | €215 | €3k | €2k | €2k | ▲ 2.0% |
| Other amounts receivable41 | €174 | €174 | €174 | €2k | ▲ 879% |
| Cash at bank and in hand54/58 | €6k | €968 | €2k | €5k | ▲ 109% |
| Deferred charges and accrued income490/1 | €500 | - | €186 | €274 | ▲ 47.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €70k | €30k | €21k | €18k | ▼ 15.3% |
| Equity10/15 | €5k | €4k | €-368 | €5k | ▲ 1,564% |
| Contributions10/11 | €25k | €25k | €25k | €25k | = |
| Outside capital11 | €25k | - | - | - | - |
| Other1109/19 | €25k | - | - | - | - |
| Profit (loss) carried forward14 | €-20k | €-21k | €-25k | €-20k | ▲ 22.7% |
| Amounts payable17/49 | €66k | €26k | €21k | €12k | ▼ 42.3% |
| Amounts payable after more than one year17 | €22k | €15k | €8k | €1k | ▼ 85.6% |
| Financial debts170/4 | €22k | €15k | €8k | €1k | ▼ 85.6% |
| Amounts payable within one year42/48 | €43k | €11k | €13k | €11k | ▼ 15.0% |
| Financial debts43 | €7k | €7k | €7k | €7k | ▲ 1.1% |
| Other loans439 | €7k | €7k | €7k | €7k | ▲ 1.1% |
| Trade debts44 | €30k | €362 | €3k | €2k | ▼ 48.1% |
| Suppliers440/4 | €30k | €362 | €3k | €2k | ▼ 48.1% |
| Advances received on contracts in progress46 | €4k | - | - | - | - |
| Taxes, remuneration and social security45 | €4k | €4k | €2k | €902 | ▼ 45.2% |
| Taxes450/3 | €2k | €4k | €255 | €902 | ▲ 254% |
| Remuneration and social security454/9 | €1k | - | €1k | - | - |
| Other amounts payable47/48 | - | €105 | €1k | €1k | ▲ 26.8% |
| Accrued charges and deferred income492/3 | €157 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-20k | €-731 | €-4k | €6k | ▲ 235% |
| + Depreciation and write-downs630 | €11k | €9k | €7k | €8k | ▲ 4.3% |
| Operating cash flow (approximation) | €-9k | €8k | €3k | €13k | ▲ 355% |
| Investment in fixed assets (approximation) | - | €28k | €3k | €0 | ▼ 100% |
| Change in cash | - | €-5k | €1k | €3k | ▲ 80.0% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after 3 loss-making years.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 123 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 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, Erpe-Mere · 1 establishment unit since 2020
Ground area
665 m²
Building footprint
156 m²
Volume, LiDAR
831 m³
Parcel 41054A0156/02M000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Craftteens
since 20202.306.387.806
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41054A0156/02M000 | Flanders | 665 m² | 1 · 156 m² | 9.4 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 443 EUR awarded · 443 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 238 EUR | 238 EUR |
| 2023 | 1 | 205 EUR | 205 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,670 companies in sector 85599 we hold annual accounts for 1,330. 589 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
Founded14-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
55203Holiday cottages, homes and apartments
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
93110Operation of sports facilities
Contact
Scores and ratios are computed by Checked and are not a credit decision.