REDEV
ActiveSummary
REDEV has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-156k) and a net result of €-82k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11=
Solvency13▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.89 against 0.91 in 2024; short-term debt: 112.1% and cash: 0.1% of total assets), and equity is negative.
Credit check 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-12.1%
Return on assets
-6.4%
Age of the figures
18 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
192021222425
2019 to 2025 · latest year €-156k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-09-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
on the day
2022
3 d early
2021
59 d late
2020
89 d late
2019
28 d late
2018
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-82k▼ 75.3%
2024 · €-47k
2019: €-14k
2020: €-82k▼ -505% vs 2019lowest value
2021: €139k▲ +270% vs 2020highest value
2022: €6k▼ -95.8% vs 2021
2024: €-47k
2025: €-82k▼ -75.3% vs 2024
2019 → 2025
Working capital
€-157k▼ 106%
2024 · €-76k
2019: €-44k
2020: €-124k▼ -184% vs 2019
2021: €7k▲ +105% vs 2020
2022: €14k▲ +108% vs 2021highest value
2024: €-76k
2025: €-157k▼ -106% vs 2024lowest value
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€-125k-€13k€19k▲ 43.1%€-74k€-156k▼ 111%
2020: €-125k
2021: €13k▲ +111% vs 2020
2022: €19k▲ +43.1% vs 2021highest value
2024: €-74k
2025: €-156k▼ -111% vs 2024lowest value
Operating result€-70k-€162k€26k▼ 84.0%€-46k€-41k▲ 10.7%
2020: €-70klowest value
2021: €162k▲ +331% vs 2020highest value
2022: €26k▼ -84.0% vs 2021
2024: €-46k
2025: €-41k▲ +10.7% vs 2024
Net result€-82k-€139k€6k▼ 95.8%€-47k€-82k▼ 75.3%
2020: €-82klowest value
2021: €139k▲ +270% vs 2020highest value
2022: €6k▼ -95.8% vs 2021
2024: €-47k
2025: €-82k▼ -75.3% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €41k in 2025 against €46k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.29M
Fixed assets
€2k ▼ 39.5%
Current assets
€1.28M ▲ 67.4%
Key figures and ratios
EBITDA
€-40k▲
2024 · €-45k
Cash flow
€-81k▼
2024 · €-45k
Solvency
-12.1%▼
2024 · -9.6%
Current ratio
0.89▼
2024 · 0.91
Quick ratio
0.01▼
2024 · 0.01
Debt to equity
-9.26▲
2024 · -11.42
ROA
-6.4%▼
2024 · -6.1%
Interest coverage
-1.00▲
2024 · -200.43
Debt
€1.44M▲
2024 · €843k
Debt ≤ 1 year
€1.44M▲
2024 · €843k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€770k€1.29M▲
Fixed assets21/28€3k€2k▼
Intangible fixed assets21€3k€2k▼
Current assets29/58€767k€1.28M▲
Stocks and contracts in progress3€760k€1.28M▲
Stocks30/36€760k€1.28M▲
Amounts receivable within one year40/41€5k€8k▲
Trade receivables40€3k€3k=
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€2k€924▼
Deferred charges and accrued income490/1-€527
Equity and liabilities
Total equity and liabilities10/49€770k€1.29M▲
Equity10/15€-74k€-156k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-82k€-164k▼
Amounts payable17/49€843k€1.44M▲
Amounts payable within one year42/48€843k€1.44M▲
Trade debts44€23k€674▼
Suppliers440/4€23k€674▼
Taxes, remuneration and social security45€1k€1k▲
Taxes450/3€1k€1k▲
Other amounts payable47/48€819k€1.44M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€989▼
Other operating charges640/8€960€387▼
Gross operating margin9900€-44k€-40k▲
Operating profit (loss)9901€-46k€-41k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€224€40k▲
Recurring financial charges65€224€40k▲
Profit (loss) for the period before taxes9903€-47k€-82k▼
Profit (loss) for the period9904€-47k€-82k▼
Profit (loss) for the period to be appropriated9905€-47k€-82k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-82k€-164k▼
Profit (loss) brought forward from the previous period14P€-35k€-82k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €528 | €2k | €2k | €989 | ▼ 34.8% |
| Other operating charges640/8 | - | - | €868 | €960 | €387 | ▼ 59.7% |
| Gross operating margin9900 | €-32k | €163k | €28k | €-44k | €-40k | ▲ 8.8% |
| Operating profit (loss)9901 | €-70k | €162k | €26k | €-46k | €-41k | ▲ 10.7% |
| Financial income75/76B | - | - | €138 | €1 | €0 | ▼ 93.3% |
| Recurring financial income75 | €2k | €1 | €138 | €1 | €0 | ▼ 93.3% |
| Financial charges65/66B | - | - | €19k | €224 | €40k | ▲ 17,908% |
| Recurring financial charges65 | €14k | €21k | €19k | €224 | €40k | ▲ 17,908% |
| Profit (loss) for the period before taxes9903 | €-82k | €141k | €7k | €-47k | €-82k | ▼ 75.3% |
| Income taxes67/77 | - | €3k | €2k | - | - | - |
| Profit (loss) for the period9904 | €-82k | €139k | €6k | €-47k | €-82k | ▼ 75.3% |
| Profit (loss) for the period to be appropriated9905 | €-82k | €139k | €6k | €-47k | €-82k | ▼ 75.3% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €999k | €1.23M | €639k | €770k | €1.29M | ▲ 67.1% |
| Fixed assets21/28 | - | €7k | €6k | €3k | €2k | ▼ 39.5% |
| Intangible fixed assets21 | - | €7k | €6k | €3k | €2k | ▼ 39.5% |
| Current assets29/58 | €999k | €1.22M | €634k | €767k | €1.28M | ▲ 67.4% |
| Stocks and contracts in progress3 | €691k | €469k | €611k | €760k | €1.28M | ▲ 67.8% |
| Stocks30/36 | - | - | €611k | €760k | €1.28M | ▲ 67.8% |
| Amounts receivable within one year40/41 | €7k | €333k | €17k | €5k | €8k | ▲ 41.8% |
| Trade receivables40 | - | - | €3k | €3k | €3k | = |
| Other amounts receivable41 | - | - | €14k | €3k | €5k | ▲ 90.4% |
| Cash at bank and in hand54/58 | €297k | €415k | €5k | €2k | €924 | ▼ 45.7% |
| Deferred charges and accrued income490/1 | - | - | €697 | - | €527 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €999k | €1.23M | €639k | €770k | €1.29M | ▲ 67.1% |
| Equity10/15 | €-125k | €13k | €19k | €-74k | €-156k | ▼ 111% |
| Contributions10/11 | - | - | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-133k | €5k | €11k | €-82k | €-164k | ▼ 99.8% |
| Amounts payable17/49 | €1.12M | €1.21M | €620k | €843k | €1.44M | ▲ 70.9% |
| Amounts payable within one year42/48 | €1.12M | €1.21M | €620k | €843k | €1.44M | ▲ 70.9% |
| Trade debts44 | €54k | €181k | €35k | €23k | €674 | ▼ 97.1% |
| Suppliers440/4 | - | - | €35k | €23k | €674 | ▼ 97.1% |
| Taxes, remuneration and social security45 | - | - | €2k | €1k | €1k | ▲ 12.2% |
| Taxes450/3 | - | - | €2k | €1k | €1k | ▲ 12.2% |
| Other amounts payable47/48 | - | - | €583k | €819k | €1.44M | ▲ 75.8% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-82k | €139k | €6k | €-47k | €-82k | ▼ 75.3% |
| + Depreciation and write-downs630 | - | €528 | €2k | €2k | €989 | ▼ 34.8% |
| Operating cash flow (approximation) | €-82k | €139k | €7k | €-45k | €-81k | ▼ 79.0% |
| Investment in fixed assets (approximation) | - | - | €0 | - | €0 | - |
| Change in cash | - | €118k | €-410k | - | €-778 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 59 days late
31-03
Financial
Back to profitnet €139k
Net result €139k after 2 loss-making years.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-03
Financial
Weakest financial yearnet €-82k
Net result drops to €-82k, the lowest in the series; recovery starts the following year.
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
15-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 15 days late
29-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 121 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Watermaal-Bosvoorde · 1 establishment unit since 2014
Ground area
788 m²
Building footprint
184 m²
Volume, LiDAR
1,097 m³
Parcel 21017D0380/00C000, Brussels · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
REDEV
since 20142.234.124.388
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0380/00C000 | Brussels | 788 m² | 1 · 184 m² | 9.3 m · 2 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.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 4,008 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-03-2014
Fiscal year end31-03
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.