Equity
€30,884 from €73,365 in 2020
Equity fell by 58% in 6 years.
REDA Constructions
Lifetime
9 annual accounts with figures on one time axispeak €69,934 (2018)
€8,837▼ 83.3%
lowest -€33,436 (2023)
€3,818▼ 90.8%
peak €73,365 (2020)
€30,884▲ 14.1%
€203,093▲ 0.9%
Board2 names since 2021
1 directorREEKMANS Davy
Documentsfilings and deeds
05-10-202626 days before the deadline
2026micro format
Gross margin from €52,919 to €8,837Result from €41,434 to €3,818Equity from €27,066 to €30,884
Key points
from the 2026 annual accountsDebts
€203,093 87% of the balance sheet
Suppliers 0%Taxes and wages 1%Other 99%
Investments
€6,141 3.2 × depreciation
Green is investment, beige is depreciation.
Checked score
85
Excellent
Financially stronger than 44% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.5%▼ -0.1 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▼ -0.1 percentage points vs 07-2025
09-2025: 0.6%▲ +0.1 percentage points vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025highest value
11-2025: 0.3%▼ -0.3 percentage points vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026lowest value
05-2026: 0.3%● unchanged vs 04-2026lowest value
06-2026: 0.3%● unchanged vs 05-2026lowest value
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €30,884 (13.2% of total assets)
Profit of €3,818 (financial year 2026)
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €233,977
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 34% of them on solvency, 12% on liquidity, 61% on profitability and 70% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 3,274 companies had the same profile as REDA Constructions has now. Each dot stands for 9 companies, two years later.
94.7%
were still trading
2.5%
stopped another way
2.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of REDA Constructions itself is lower: 0.3% within 12 months. It rests on far more data about REDA Constructions than the profile alone.
Test of the method
The method was tested on the 497,447 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 3,274 companies, not a prediction for REDA Constructions. 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 €2,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.12 (1.09 in 2025), below the usual 1.5. Short-term debt is 86.8% and cash 8.3% of total assets. 86.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 05-10-2026, 26 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2026
26 days early
2025
10 days early
2024
20 days early
2023
5 days early
2022
18 days late
2021
142 days early
2020
12 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 25 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 21 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0672691535
Company renamed from BEARDS to REDA Constructions
Resignation: WOLTERS Joseph (director) · Appointment: REEKMANS Davy (director) · “Het beheer,in de ruimste zin van het woord,van beleggingen en vermogens,zowel qua roerende als qua onroerende…” (deed in Dutch) · General meeting of 18-06-2021 · Gazette deed
Incorporation
published on 17-03-2017 · Gazette deed
First establishment
St. Jorisstraat 25, Alken
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| REDA Constructions Alken | €233,977 | €8,837 | 13.2% | - |
| ACTUEEL WONEN Kortemark | €236,824 | €7,175 | 2.2% | - |
| CMB CONCEPT Binche | €270,631 | €11,131 | -25.8% | - |
| 4EVER ONE Merelbeke | €200,253 | €11,232 | 81.8% | - |
| IMMODELA Leuze-en-Hainaut | €274,602 | €7,343 | -12.7% | - |
| Pieter Rele.com Hove | €224,827 | €14,401 | 93.4% | - |
| Miejori Lommel | €284,030 | €19,600 | 43.4% | - |
These companies have the same main activity as REDA Constructions: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €200,000 and €284,000, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 15-03-2017Normal situation
- Activity
- Development of residential building projectsNACE 68121and 5 others
- Establishment unit
- 2.262.882.0193570 Alken, since 15-03-2017
- Financial year end
- 31 March
- Peppol
- Reachable since 04-12-2025
Annual accounts to 31-03-2026
- ≈ €37,000estimated
- €233,977▲ 2.4%
- Filing
- Filed on 05-10-2026, 26 days before the end of the filing period
Insights on REDA Constructions
REDA Constructions files the micro format. That format states no turnover. The gross margin fell from €69,934 in 2018 to €8,837 in 2026.
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 REDA Constructions
- What is the company number of REDA Constructions?
- The company number of REDA Constructions is 0672.691.535. The VAT number is the same number with BE in front: BE 0672.691.535.
- Where is REDA Constructions based?
- The registered office is at St. Jorisstraat 25, 3570 Alken.Company details
- What does REDA Constructions do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of REDA Constructions?
- REDA Constructions is a private limited company (BV).
- When was REDA Constructions founded?
- REDA Constructions was founded on 15-03-2017.
- Is REDA Constructions still active?
- Yes, REDA Constructions is an active enterprise in the KBO register.
- What is the turnover of REDA Constructions?
- The turnover in financial year 2026 is ≈ €37,000. This figure is estimated from the gross margin of €8,837 and 48 comparable companies (NACE 68121). It probably lies between €18,000 and €120,000. It is a rough estimate.Financials
- Is REDA Constructions profitable?
- In financial year 2026, REDA Constructions made a profit of €3,818.
- Where can I find the annual accounts of REDA Constructions?
- REDA Constructions filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of REDA Constructions due?
- REDA Constructions must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
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