RED WINGS
ActiveRED WINGS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €30k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 59% of 31616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency90▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.31 against 3.16 in 2024; short-term debt: 35.3% and cash: 31.2% of total assets), and 35.3% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
64.7%
Return on assets
55.7%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 7 filingsDeviation from the deadline
2025
28 d late
2024
25 d late
2023
27 d late
2022
19 d late
2021
11 d late
2020
20 d late
2019
38 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€35k▼ 12.9%
2024 · €40k
2019: €41k
2020: €45k
2021: €64k
2022: €61k
2023: €45k
2024: €40k
2019 → 2025
Total assets
€54k▲ 0.6%
2024 · €53k
2019: €60k
2020: €59k
2021: €70k
2022: €71k
2023: €55k
2024: €53k
2019 → 2025
Net result
€30k▲ 51.8%
2024 · €20k
2019: €34k
2020: €4k
2021: €20k
2022: €-3k
2023: €-2k
2024: €20k
2019 → 2025
Working capital
€25k▼ 14.8%
2024 · €29k
2019: €41k
2020: €45k
2021: €63k
2022: €61k
2023: €42k
2024: €29k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€64k-€61k▼ 4.5%€45k▼ 27.0%€40k▼ 11.0%€35k▼ 12.9%
Operating result€25k-€-3k€251€26k▲ 10,380%€43k▲ 62.1%
Net result€20k-€-3k€-2k▲ 44.5%€20k€30k▲ 51.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 62% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54k
Fixed assets
€10k▼ 7.9%
Current assets
€44k▲ 2.8%
Equity and liabilities €54k
Equity
€35k▼ 12.9%
Debt
€19k▲ 40.7%
The debt ratio rises from 25.2% to 35.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€46k▲
2024 · €28k
Cash flow
€33k▲
2024 · €22k
Solvency
64.7%▼
2024 · 74.8%
Current ratio
2.31▼
2024 · 3.16
Quick ratio
2.31▼
2024 · 3.16
Debt / equity
0.54▲
2024 · 0.34
ROE
86.1%▲
2024 · 49.4%
ROA
55.7%▲
2024 · 36.9%
Interest coverage
33.51▲
2024 · 27.36
Debt
€19k▲
2024 · €13k
Debt ≤ 1 year
€19k▲
2024 · €13k
Income taxes
€12k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€53k€54k▲
Fixed assets21/28€11k€10k▼
Tangible fixed assets22/27€11k€10k▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€3k€3k▼
Other tangible fixed assets26€5k€4k▼
Current assets29/58€42k€44k▲
Amounts receivable within one year40/41€13k€14k▲
Trade receivables40€9k€9k▲
Other amounts receivable41€4k€4k▲
Current investments50/53€10k€9k▼
Cash at bank and in hand54/58€17k€17k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€53k€54k▲
Equity10/15€40k€35k▼
Contributions10/11€19k€19k=
Reserves13€21k€16k▼
Distributable reserves133€21k€16k▼
Amounts payable17/49€13k€19k▲
Amounts payable within one year42/48€13k€19k▲
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€12k€13k▲
Taxes450/3€12k€13k▲
Other amounts payable47/48€260-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€3k€1k▼
Gross operating margin9900€31k€47k▲
Operating profit (loss)9901€26k€43k▲
Financial income75/76B€189€206▲
Recurring financial income75€189€206▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€25k€42k▲
Income taxes67/77€6k€12k▲
Profit (loss) for the period9904€20k€30k▲
Profit (loss) for the period to be appropriated9905€20k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€30k▲
Transfer from equity791/2€17k€5k▼
Profit to be distributed694/7€37k€35k▼
Return on contributions (dividend)694€37k€35k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Back to profitnet €20k
Net result €20k after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 19 days late
2022
31-12
Financial
Weakest financial yearnet €-3k ▼115%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 11.54
Current ratio from 4.15 to 11.54; short-term debt falls from €14k to €6k.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Halle · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Berendries 731502 HalleGround area
1,262 m²
Building footprint
182 m²
Volume, LiDAR
888 m³
Parcel 23043C0276/00R000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RED WINGS
since 20182.279.316.886
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23043C0276/00R000 | Flanders | 1,262 m² | 1 · 182 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 82,570 companies in sector 70200 we hold annual accounts for 52,568. 35,556 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-09-2018
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.