REDECOR
ActiveREDECOR has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €-11k. Equity is shrinking by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 28% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency62▼-33
Growth32=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.07 against 2.32 in 2024), but 73.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
26.1%
Return on assets
-5.2%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€11k
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
9 d early
2023
22 d late
2022
21 d late
2021
29 d late
2020
16 d late
2019
91 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€56k▼ 37.7%
2024 · €90k
2018: €151k
2019: €166k
2020: €182k
2021: €125k
2022: €115k
2023: €104k
2024: €90k
2018 → 2025
Total assets
€214k▲ 17.4%
2024 · €182k
2018: €284k
2019: €337k
2020: €315k
2021: €167k
2022: €180k
2023: €169k
2024: €182k
2018 → 2025
Net result
€-11k▲ 21.0%
2024 · €-14k
2018: €12k
2019: €15k
2020: €16k
2021: €-201
2022: €-842
2023: €-11k
2024: €-14k
2018 → 2025
Working capital
€104k▲ 9.7%
2024 · €95k
2018: €153k
2019: €161k
2020: €176k
2021: €121k
2022: €113k
2023: €95k
2024: €95k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€125k-€115k▼ 7.8%€104k▼ 9.8%€90k▼ 13.5%€56k▼ 37.7%
Operating result€409-€-253€-11k▼ 4,229%€-13k▼ 22.3%€-9k▲ 30.3%
Net result€-201-€-842▼ 319%€-11k▼ 1,233%€-14k▼ 25.0%€-11k▲ 21.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2025 against €13k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €214k
Fixed assets
€12k▼ 22.5%
Current assets
€202k▲ 21.0%
Equity and liabilities €214k
Equity
€56k▼ 37.7%
Debt
€158k▲ 70.8%
The debt ratio rises from 50.7% to 73.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-6k▲
2024 · €-11k
Cash flow
€-8k▲
2024 · €-12k
Solvency
26.1%▼
2024 · 49.3%
Current ratio
2.07▼
2024 · 2.32
Quick ratio
2.07▼
2024 · 2.32
Debt / equity
2.82▲
2024 · 1.03
ROE
-19.8%▼
2024 · -15.6%
ROA
-5.2%▲
2024 · -7.7%
Interest coverage
-3.93▲
2024 · -27.71
Debt
€158k▲
2024 · €92k
Debt ≤ 1 year
€98k▲
2024 · €72k
Debt > 1 year
€60k▲
2024 · €20k
Income taxes
€226▲
2024 · €217
Staff costs
€42k▼
2024 · €52k
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€182k€214k▲
Fixed assets21/28€15k€12k▼
Tangible fixed assets22/27€15k€11k▼
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€7k€5k▼
Financial fixed assets28€130€130=
Current assets29/58€167k€202k▲
Amounts receivable after more than one year29€3k€3k=
Other amounts receivable291€3k€3k=
Amounts receivable within one year40/41€81k€189k▲
Trade receivables40€80k€184k▲
Other amounts receivable41€783€5k▲
Cash at bank and in hand54/58€80k€7k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€182k€214k▲
Equity10/15€90k€56k▼
Contributions10/11€6k€6k=
Reserves13€83k€50k▼
Distributable reserves133€83k€50k▼
Amounts payable17/49€92k€158k▲
Amounts payable after more than one year17€20k€60k▲
Financial debts170/4€20k€60k▲
Amounts payable within one year42/48€72k€98k▲
Trade debts44€11k€13k▲
Suppliers440/4€11k€13k▲
Taxes, remuneration and social security45€3k€15k▲
Taxes450/3€789-
Remuneration and social security454/9€2k€15k▲
Other amounts payable47/48€58k€70k▲
Accrued charges and deferred income492/3€347-
Income statement
Code20242025
Remuneration, social security and pensions62€52k€42k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€42k€38k▼
Operating profit (loss)9901€-13k€-9k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€413€2k▲
Recurring financial charges65€413€2k▲
Profit (loss) for the period before taxes9903€-14k€-11k▲
Income taxes67/77€217€226▲
Profit (loss) for the period9904€-14k€-11k▲
Profit (loss) for the period to be appropriated9905€-14k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-11k▲
Transfer from equity791/2€14k€34k▲
Profit to be distributed694/7-€23k
Return on contributions (dividend)694-€23k
The notes to these accounts (6 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Highest result since 2018net €16k ▲4.2%
Operating result €28k, net result €16k, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
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.
01-09-2022
Resigned as Director
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2003
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.
Meierij 159820 Merelbeke-MelleGround area
1,926 m²
Building footprint
397 m²
Volume, LiDAR
1,962 m³
Parcel 44058B0425/00E000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
REDECOR
since 20032.134.589.918
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44058B0425/00E000 | Flanders | 1,926 m² | 1 · 397 m² | 9.0 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,500 EUR awarded · 750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,500 EUR | 750 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,868. 12,990 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-12-2003
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
70200Business and other management consultancy
70220Business consulting
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.