REDASON
ActiveREDASON has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.42M and a net result of €140k. Equity is growing by ~35% per year across the filed fiscal years. Its solvency ranks better than 26% of 9692 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability49▼-51
Solvency6▲+1
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days only on tighter terms
Liquidity short (current ratio 0.08 against 0.08 in 2023), and 91% 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 136 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline13-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 28-04-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
2 d early
2023
8 d early
2022
47 d early
2021
9 d late
2020
31 d late
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.42M▲ 10.9%
2023 · €1.28M
2018: €129k
2019: €317k
2020: €76k
2022: €944k
2023: €1.28M
2018 → 2024
Total assets
€15.84M▼ 0.3%
2023 · €15.88M
2018: €15.71M
2019: €17.32M
2020: €18.60M
2022: €16.28M
2023: €15.88M
2018 → 2024
Net result
€140k▼ 58.6%
2023 · €338k
2018: €184k
2019: €188k
2020: €-242k
2022: €-271k
2023: €338k
2018 → 2024
Working capital
€-12.74M▼ 0.3%
2023 · €-12.70M
2018: €-13.80M
2019: €-14.82M
2020: €-15.43M
2022: €-13.22M
2023: €-12.70M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202220232024Trend
Equity€317k-€76k▼ 76.2%€944k▲ 1,150%€1.28M▲ 35.8%€1.42M▲ 10.9%
Operating result€598k-€175k▼ 70.7%€459k▲ 162%€831k▲ 81.2%€700k▼ 15.8%
Net result€188k-€-242k€-271k▼ 12.3%€338k€140k▼ 58.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 16% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15.84M
Fixed assets
€14.77M▼ 0.4%
Current assets
€1.07M▲ 1.9%
Equity and liabilities €15.84M
Equity
€1.42M▲ 10.9%
Debt
€14.42M▼ 1.2%
The debt ratio falls from 91.9% to 91.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.47M▼
2023 · €1.61M
Cash flow
€914k▼
2023 · €1.12M
Solvency
9.0%▲
2023 · 8.1%
Current ratio
0.08▲
2023 · 0.08
Quick ratio
0.08▲
2023 · 0.08
Debt / equity
10.14▼
2023 · 11.39
ROE
9.8%▼
2023 · 26.3%
ROA
0.9%▼
2023 · 2.1%
Interest coverage
3.98▲
2023 · 3.78
Debt
€14.42M▼
2023 · €14.60M
Debt ≤ 1 year
€13.80M▲
2023 · €13.75M
Debt > 1 year
€612k▼
2023 · €852k
Income taxes
€201k▲
2023 · €68k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€15.88M€15.84M▼
Fixed assets21/28€14.83M€14.77M▼
Tangible fixed assets22/27€14.83M€14.77M▼
Land and buildings22€14.81M€14.77M▼
Plant, machinery and equipment23€9k-
Other tangible fixed assets26€18k-
Current assets29/58€1.05M€1.07M▲
Amounts receivable within one year40/41€1.04M€1.06M▲
Trade receivables40€8k-
Other amounts receivable41€1.03M€1.06M▲
Cash at bank and in hand54/58€6k€6k▼
Equity and liabilities
Total equity and liabilities10/49€15.88M€15.84M▼
Equity10/15€1.28M€1.42M▲
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Reserves13€252k€252k=
Non-distributable reserves130/1€124k€124k=
Legal reserve130€13k€13k=
Reserves not available under the articles1311€112k€112k=
Distributable reserves133€127k€127k=
Profit (loss) carried forward14€905k€1.05M▲
Amounts payable17/49€14.60M€14.42M▼
Amounts payable after more than one year17€852k€612k▼
Financial debts170/4€845k€605k▼
Other amounts payable178/9€7k€7k=
Amounts payable within one year42/48€13.75M€13.80M▲
Current portion of amounts payable after more than one year42€271k€331k▲
Financial debts43€12.33M€11.61M▼
Credit institutions430/8€12.33M€11.61M▼
Trade debts44€182k€49k▼
Suppliers440/4€182k€49k▼
Taxes, remuneration and social security45-€91k
Taxes450/3-€91k
Other amounts payable47/48€962k€1.73M▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€779k€774k▼
Other operating charges640/8€120k€131k▲
Non-recurring operating charges66A-€400
Gross operating margin9900€1.73M€1.61M▼
Operating profit (loss)9901€831k€700k▼
Financial income75/76B€638€11k▲
Recurring financial income75€638€11k▲
Financial charges65/66B€426k€371k▼
Recurring financial charges65€426k€371k▼
Profit (loss) for the period before taxes9903€405k€340k▼
Income taxes67/77€68k€201k▲
Profit (loss) for the period9904€338k€140k▼
Profit (loss) for the period to be appropriated9905€338k€140k▼
Appropriation of the result
Profit (loss) to be appropriated9906€905k€1.05M▲
Profit (loss) brought forward from the previous period14P€567k€905k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
06-07
State Gazette act
RestructuringGeneral meeting · Merger · Dissolution6 facts ▸
State Gazette act
Restructuring
General meeting · Merger · Dissolution6 facts ▸
- General meeting, 2026-06-26
- Merger, absorption, 2026-06-26
- Dissolution, 2026-06-26
- Accounting effect, 2026-01-01
- Real estate, Een perceel grond gelegen Antwerpse Steenweg, gekadastreerd volgens titel sectie C deel van nummers 950/K, 950/L en 953/Y/3 en volgens recent kadastraal uittrek…
- Merger condition, geen toekenning van nieuwe aandelen in de overnemende vennootschap gezien alle aandelen van overdragende vennootschap toebehoren aan de overnemende vennootschap
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €338k
Net result €338k after 2 loss-making years.
30-09
Financial
Equity above €1MEq €1.28M ▲35.8%
Equity rises from €944k to €1.28M.
14-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet €-271k
Net result drops to €-271k, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €500kEq €944k ▲1150%
Equity rises from €76k to €944k.
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 9 days late
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €200kEq €317k ▲146%
2 profitable years in a row build equity to €317k.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
12-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 46 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 109 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
07-10-2025
Redant Guido: Resigned as Director
26-10-2021
Redaville: Resigned as Director
26-10-2021
Sonneville Chris: Resigned as Managing director
26-10-2021
Sonneville Chris: Resigned as Director
26-10-2021
Sonneville Marc: Resigned as Director
Location & real-estate footprint
Registered office, Lochristi · 1 establishment unit since 2000
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.
Dorp-Oost 329080 LochristiGround area
2,036 m²
Building footprint
1,016 m²
Volume, LiDAR
10,612 m³
Parcel 44034C0408/00P000, Flanders · tallest building 15.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Dorp-Oost 32, 9080 Lochristi
since 20002.099.438.702
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034C0408/00P000 | Flanders | 2,036 m² | 1 · 1,016 m² | 15.2 m · 4 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.
Structure & network
Acquisitions and mergers
1 transactionTook over:C.D.G.
Recognitions · licences · registrations
Legal Entity Identifier
894500JN1DY7JM6JKF41
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Of 7,288 companies in sector 68110 we hold annual accounts for 5,354. 2,956 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-09-1999
Fiscal year end30-09
Activities, NACEBEL
68110Buying and selling of own real estate
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
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.