RED3
ActiveSummary
RED3 has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€20,483) and a net result of -€23,483. Its solvency ranks better than 16% of 17,119 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-06-2024 Normal situation
- Activity
- Development of residential building projects NACE 68121and 3 others
- Establishment unit
- 2.361.470.146 1170 Watermaal-Bosvoorde, since 28-06-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 27-05-2025
Board and ownership
- BECKERS Patrick EdmondDirector
- DELEPINE Thierry GustaveDirector
- GIOT Pierre ChristianDirector
- Readex33.33%· score 912025 annual accounts of Readex
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- -€15,224
- Loss
- €23,483
- Equity
- -€20,483
- Total assets
- €423,290
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€20,483Loss of €23,483 (financial year 2025)lowers riskSector: Real estate activities (NACE 68)Size: total assets €423,290Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 16% of them on solvency, 9% on liquidity and 22% on profitability.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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Signals
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 28-07-2026 at the NBB
Turnover and EBIT margin are not published. The micro format does not require them.
Comparable companies
These companies have the same main activity as RED3: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €401,000 and €509,000, founded in 2024.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| RED3 Watermaal-Bosvoorde | 2024 | €423,290 | -€20,483 | -€15,224 | -€23,483 | 2025 |
| LUMINA DEVELOPMENT Brussel | 2024 | €446,757 | -€3,616 | -€7,913 | -€9,616 | 2025 |
| Isala Living Brussel | 2024 | €508,690 | €487,368 | -€3,616 | -€3,616 | 2025 |
| LVH IMMO Sivry-Rance | 2024 | €481,968 | -€76,818 | -€28,930 | -€55,650 | 2025 |
| ZANTIMMO Ham-sur-Heure-Nalinnes | 2024 | €401,445 | €242,877 | -€16,659 | -€40,635 | 2026 |
| NEVO CONSTRUCT Fernelmont | 2024 | €451,723 | €58,942 | -€13,013 | -€18,624 | 2025 |
| MR IMMOBILIER Tinlot | 2024 | €484,918 | -€24,918 | -€15,598 | -€26,918 | 2025 |
They were chosen from the 7,757 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,555 companies had the same profile as RED3 has now. Two years later, 4.6% had gone bankrupt and 91.6% were still going.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of RED3 itself is lower: 0.5% within 12 months. It rests on far more data about RED3 than the profile alone.
Test of the method
The method was tested on the 497,446 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 1,555 companies, not a prediction for RED3. 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.
| Line | 2025 |
|---|---|
| Other operating charges640/8 | €1,005 |
| Gross operating margin9900 | -€15,224 |
| Operating profit (loss)9901 | -€16,229 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €7,254 |
| Recurring financial charges65 | €7,254 |
| Profit (loss) for the period before taxes9903 | -€23,483 |
| Profit (loss) for the period9904 | -€23,483 |
| Profit (loss) for the period to be appropriated9905 | -€23,483 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €423,290 | |
| Formation expenses20 | €2,116 | |
| Current assets29/58 | €421,174 | |
| Stocks and contracts in progress3 | €377,270 | |
| Stocks30/36 | €377,270 | |
| Amounts receivable within one year40/41 | €21,299 | |
| Other amounts receivable41 | €21,299 | |
| Cash at bank and in hand54/58 | €22,186 | |
| Deferred charges and accrued income490/1 | €420 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €423,290 | |
| Equity10/15 | -€20,483 | |
| Contributions10/11 | €3,000 | |
| Profit (loss) carried forward14 | -€23,483 | |
| Amounts payable17/49 | €443,773 | |
| Amounts payable within one year42/48 | €443,773 | |
| Current portion of amounts payable after more than one year42 | €322,034 | |
| Trade debts44 | €1,739 | |
| Suppliers440/4 | €1,739 | |
| Other amounts payable47/48 | €120,000 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€23,483 |
| Operating cash flow (approximation) | -€23,483 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00350143 | NBB |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerOwners 1
- Sourceaccounts Readex 2025Equity €890,706 Profit of €26,630 in 2025 (profit of €72,392 in 2024) Checked score 9133.33%
Capital transactions
- DELEPINE Thierry Gustave founder
- GIOT Pierre Christian founder
- BECKERS Patrick Edmond founder
- 02-07-2024 Incorporation · 3,000 shares
- 02-07-2024 Converted to unavailable equity
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| BECKERS Patrick Edmond |
|
| DELEPINE Thierry Gustave |
|
| GIOT Pierre Christian |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Articles of association, deed of 02-07-2024 (in French)
Network & group
Companies at the same address
1 other companyConnections & network
3 connected companiesTimeline
Acts, filings and financial milestones
02-07
Gazette deed
IncorporationAppointments: DELEPINE Thierry Gustave, GIOT Pierre Christian and BECKERS Patrick Edmond · Founder · Founding capital13 points ▸
- Incorporation, “RED3” (deed in French)
- Founder, DELEPINE Thierry Gustave
- Founder, GIOT Pierre Christian
- Founder, BECKERS Patrick Edmond
- Founding capital
- Capital conversion, “compte de capitaux propres indisponible” (deed in French)
- Director appointment, DELEPINE Thierry Gustave (statutory director)
- Director appointment, GIOT Pierre Christian (statutory director)
- Director appointment, BECKERS Patrick Edmond (statutory director)
- Other provision, “prises à l'unanimité par comparants, effectivité décisions finales et transitoires” (deed in French)
- Registered office clause, “1170 Watermael-Boitsfort,place Rik Wouters 7” (deed in French)
- Other provision, “www.red3.be, toute communication vers cette adresse par actionnaires,titulaires de titres émis par société et titulaires de certificats émis avec collaboration…” (deed in French)
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
6 activities
- Toutes prestations de promoteur,marchand de biens,entreprise générale;en particulier,la société pourra exercer toutes activités de promotion immobilière de logements ou de bureaux,de marchands de biens immobiliers,de location d’habitation à l’exclusion de logements sociaux,de location d’immeubles non résidentiels en ce compris les salles d’exposition,ainsi que la construction d’ouvrages de bâtiment ou de génie civil,de coordinateur de travaux immobiliers
- Plus généralement,toutes opérations immobilières et d’entreprises et notamment la vente,l’achat,l’échange de terrains ou de constructions,la construction d’immeubles,leur aménagement,entretien,amélioration,transformation ou réparation,leur location ou mise à disposition de tiers en vertu de tout contrat à titre onéreux,l’acquisition de leur jouissance,leur exploitation,leur mise en valeur,la création de quartiers nouveaux,l’entreprise de tous travaux de voiries,création de rues,pavages,égouts et autres,l’acquisition de droits immobiliers et en général tout ce qui directement ou indirectement se rattache au domaine immobilier
- Tous travaux de secrétariat en général
- Dispenser des avis financiers,techniques,commerciaux ou administratifs dans le sens le plus large du terme;à l’exception des conseils de placement d’argent et autres,fournir son assistance et exécuter des services directement ou indirectement sur le plan de l’administration et des finances,de la vente,de la production et de la gestion en général;fournir toutes prestations de service et exécuter tous mandats sous forme d’études d’organisations,d’expertises,d’actes et de conseils techniques ou autres dans tout domaine rentrant dans son objet social
- Tous services en rapport avec l’exploitation d’un ou plusieurs bureaux d’étude et/ou expertise
- L’acceptation et l’exercice de mandats relatifs à l’administration,à la gestion,à la direction,au contrôle et à la liquidation de toutes sociétés,entreprises ou associations
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1010.885.401
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21652F0062/00M015 | Brussels | 198 m² | 1 · 69 m² | 11.4 m · 3 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.