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REDD

Active
Private limited companyfounded 20196 yrs activeRue Chevesne 2, 6542 Lobbes, BelgiumKBO/BCE: BE 0739.755.454
Summary

The computed 12-month bankruptcy probability of REDD is 3.0% (moderate). The 2025 annual accounts show equity of €16,188 and a net result of -€1,851. Equity is shrinking by ~8.9% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability36=
Solvency29▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.04 against 1.05 in 2024; short-term debt: 95.9% and cash: 0% of total assets), and 95.9% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2025
Solvency, return and age of the figures
Solvency
4.1%
Return on assets
-0.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
31 d early
2024
18 d late
2023
8 d early
2022
16 d late
2021
22 d late
2020
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 8 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

REDD was incorporated on 18 December 2019 as a Private limited company.1 Total assets went from EUR 380,534 in 2020 to EUR 397,922 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€16,188▼ 10.3%
2024 · €18,040
Total assets
€397,922▼ 0.6%
2024 · €400,316
Net result
-€1,851▼ 1.7%
2024 · -€1,821
Working capital
€16,188▼ 10.3%
2024 · €18,040
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€2,420▲ 40.9%-€1,716▲ 29.1%-€1,444▲ 15.8%-€1,686▼ 16.7%-€1,701▼ 0.9%
Net result-€2,540▲ 39.5%-€1,836▲ 27.7%-€1,564▲ 14.8%-€1,821▼ 16.4%-€1,851▼ 1.7%
Equity€23,260▼ 9.8%€21,425▼ 7.9%€19,861▼ 7.3%€18,040▼ 9.2%€16,188▼ 10.3%
Total assets€404,994▲ 6.4%€403,159▼ 0.5%€401,594▼ 0.4%€400,316▼ 0.3%€397,922▼ 0.6%
Debt€381,734▲ 7.6%€381,734=€381,734=€382,276▲ 0.1%€381,734▼ 0.1%
Working capital€23,260▼ 9.8%€21,425▼ 7.9%€19,861▼ 7.3%€18,040▼ 9.2%€16,188▼ 10.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€3,000-€2,000-€1,000€0Operating result 2021: -€2,420-€2,420Net result 2021: -€2,540-€2,540Operating result 2022: -€1,716-€1,716Net result 2022: -€1,836-€1,836Operating result 2023: -€1,444-€1,444Net result 2023: -€1,564-€1,564Operating result 2024: -€1,686-€1,686Net result 2024: -€1,821-€1,821Operating result 2025: -€1,701-€1,701Net result 2025: -€1,851-€1,85120212022202320242025-€2,000-€1,500-€1,000-€500€0Operating result 2023: -€1,444-€1,440Net result 2023: -€1,564-€1,560Operating result 2024: -€1,686-€1,690Net result 2024: -€1,821-€1,820Operating result 2025: -€1,701-€1,700Net result 2025: -€1,851-€1,850202320242025
The operating result stays negative: a loss of €1,701 in 2025 against €1,686 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €397,922
Equity €16,188 ▼ 10.3%
Debt €381,734 ▼ 0.1%
Debt's share of the balance-sheet total rises from 95.5% to 95.9%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.04▼
2024 · 1.05
Quick ratio
0.06▼
2024 · 0.07
Debt to equity
23.58▲
2024 · 21.19
ROE
-11.4%▼
2024 · -10.1%
ROA
-0.5%▼
2024 · -0.5%
Debt ≤ 1 year
€381,734▼
2024 · €382,276
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 849 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a small loss
3.9% went bankrupt
3.3% stopped otherwise
92% still going

A further 0.9% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 849 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 26 lines
Balance sheet Code20242025
Assets
Total assets20/58€400,316€397,922▼
Current assets29/58€400,316€397,922▼
Stocks and contracts in progress3€375,242€375,242=
Stocks30/36€375,242€375,242=
Amounts receivable within one year40/41€24,916€22,591▼
Other amounts receivable41€24,916€22,591▼
Cash at bank and in hand54/58€158€89▼
Equity and liabilities
Total equity and liabilities10/49€400,316€397,922▼
Equity10/15€18,040€16,188▼
Contributions10/11€30,000€30,000=
Profit (loss) carried forward14-€11,960-€13,812▼
Amounts payable17/49€382,276€381,734▼
Amounts payable within one year42/48€382,276€381,734▼
Trade debts44€543-
Suppliers440/4€543-
Other amounts payable47/48€381,734€381,734=
Income statement Code20242025
Other operating charges640/8€25€26▲
Gross operating margin9900-€1,661-€1,675▼
Operating profit (loss)9901-€1,686-€1,701▼
Financial charges65/66B€135€150▲
Recurring financial charges65€135€150▲
Profit (loss) for the period before taxes9903-€1,821-€1,851▼
Profit (loss) for the period9904-€1,821-€1,851▼
Profit (loss) for the period to be appropriated9905-€1,821-€1,851▼
Appropriation of the result
Profit (loss) to be appropriated9906-€11,960-€13,812▼
Profit (loss) brought forward from the previous period14P-€10,139-€11,960▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€21€77€24€25€26▲ 4.9%
Gross operating margin9900-€2,399-€1,639-€1,420-€1,661-€1,675▼ 0.9%
Operating profit (loss)9901-€2,420-€1,716-€1,444-€1,686-€1,701▼ 0.9%
Financial charges65/66B€120€120€120€135€150▲ 11.1%
Recurring financial charges65€120€120€120€135€150▲ 11.1%
Profit (loss) for the period before taxes9903-€2,540-€1,836-€1,564-€1,821-€1,851▼ 1.7%
Profit (loss) for the period9904-€2,540-€1,836-€1,564-€1,821-€1,851▼ 1.7%
Profit (loss) for the period to be appropriated9905-€2,540-€1,836-€1,564-€1,821-€1,851▼ 1.7%
Line20212022202320242025Change
Assets
Total assets20/58€404,994€403,159€401,594€400,316€397,922▼ 0.6%
Current assets29/58€404,994€403,159€401,594€400,316€397,922▼ 0.6%
Stocks and contracts in progress3€375,242€375,242€375,242€375,242€375,242=
Stocks30/36€375,242€375,242€375,242€375,242€375,242=
Amounts receivable within one year40/41€29,699€27,416€26,166€24,916€22,591▼ 9.3%
Other amounts receivable41€29,699€27,416€26,166€24,916€22,591▼ 9.3%
Cash at bank and in hand54/58€53€500€186€158€89▼ 43.7%
Equity and liabilities
Total equity and liabilities10/49€404,994€403,159€401,594€400,316€397,922▼ 0.6%
Equity10/15€23,260€21,425€19,861€18,040€16,188▼ 10.3%
Contributions10/11€30,000€30,000€30,000€30,000€30,000=
Profit (loss) carried forward14-€6,740-€8,575-€10,139-€11,960-€13,812▼ 15.5%
Amounts payable17/49€381,734€381,734€381,734€382,276€381,734▼ 0.1%
Amounts payable within one year42/48€381,734€381,734€381,734€382,276€381,734▼ 0.1%
Trade debts44---€543--
Suppliers440/4---€543--
Other amounts payable47/48€381,734€381,734€381,734€381,734€381,734=
Line20212022202320242025Change
Profit (loss) for the period9904-€2,540-€1,836-€1,564-€1,821-€1,851▼ 1.7%
Operating cash flow (approximation)-€2,540-€1,836-€1,564-€1,821-€1,851▼ 1.7%
Change in cash-€447-€314-€28-€69▼ 143%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
18-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
23-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
16-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
22-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
NBB filing
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 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, Lobbes · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
3,563 m²
Building footprint
127 m²
Volume, LiDAR
1,127 m³
Parcel 56069B0659/00S000, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
REDD
Rue Chevesne 2, 6542 LobbesReal estate activities
since 20202.298.498.934
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
56069B0659/00S000 Wallonia 3,563 m² 1 · 127 m² 10.9 m · 3 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded18-12-2019
Fiscal year end31-12
Trade name FR Real Estate Development & Design
E-invoicing
Reachable via Peppol
Peppol ID 0208:0739755454
Also 9925:BE0739755454
Registered 19-12-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.