Equity
RedFox has made a profit in every financial year since 2009.
In July 2024, 17,806 companies had the same profile as RedFox has now. Each dot stands for 45 companies, two years later.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 17,806 companies, not a prediction for RedFox. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| RedFox Leuven | €501,302 | €149,882 | 55.8% | - |
| Baeke Borremans & Partners Zaventem | €509,430 | €154,661 | 69.5% | - |
| ADVIES BUREAU CONSELO Londerzeel | €484,856 | €139,049 | 70.3% | - |
| Durléau Zoutleeuw | €532,738 | €140,192 | 97.0% | - |
| ERIC LESKENS CONSULTING EN MANAGEMENT Overijse | €512,880 | €144,426 | 98.4% | - |
| DAVA MANAGEMENT Overijse | €552,880 | €150,618 | 87.8% | - |
| Reliacon Rotselaar | €482,321 | €151,610 | 92.5% | - |
These companies have the same main activity as RedFox: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €482,000 and €553,000, founded between 2007 and 2010.
RedFox files the micro format. That format states no turnover. The gross margin rose from €25,734 in 2009 to €149,882 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €210,000 and €300,000.
Higher than 50% of 41,211 companies in 2025.
Higher than 51% of 39,782 companies in 2025.
Higher than 55% of 40,303 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
501,302 | 408,507 | 335,607 | 268,936 | 226,374 | 199,647 | 188,725 | 173,163 | 113,648 | 80,325 | 103,205 | 132,256 | 139,586 | 106,748 | 100,705 | 64,361 | 41,298 | |
21/28 |
53,091 | 72,347 | 93,578 | 48,645 | 21,729 | 26,331 | 25,508 | 27,651 | 7,410 | 1,930 | 2,292 | 2,654 | 3,807 | 2,951 | 3,425 | 1,767 | 1,281 | |
22/27 |
51,575 | 70,831 | 92,062 | 47,128 | 20,212 | 24,815 | 23,992 | 26,135 | 6,219 | 1,165 | 1,527 | 1,889 | 3,042 | 2,186 | 2,660 | 1,002 | 516 | |
24 |
44,596 | 61,360 | 80,098 | 31,677 | 3,101 | 4,385 | 4,835 | 4,086 | 244 | 420 | 596 | 772 | 1,740 | 698 | 985 | 1,002 | 516 | |
26 |
6,979 | 9,471 | 11,963 | 15,451 | 17,111 | 20,429 | 19,157 | 22,049 | 5,974 | 744 | 930 | 1,116 | 1,303 | 1,489 | 1,675 | - | - | |
28 |
1,517 | 1,517 | 1,517 | 1,517 | 1,517 | 1,517 | 1,517 | 1,517 | 1,191 | 765 | 765 | 765 | 765 | 765 | 765 | 765 | 765 | |
29/58 |
448,211 | 336,159 | 242,029 | 220,291 | 204,645 | 173,316 | 163,216 | 145,512 | 106,239 | 78,395 | 100,913 | 129,603 | 135,779 | 103,797 | 97,281 | 62,594 | 40,018 | |
40/41 |
21,780 | 18,168 | 23,574 | 14,520 | 12,100 | 14 | 40,937 | 36,300 | 12,100 | 26,098 | 27,249 | 29,450 | 50,020 | 39,649 | 31,581 | 11,433 | 5,001 | |
40 |
21,780 | 18,150 | 21,912 | 14,520 | 12,100 | 0 | 36,300 | 36,300 | 12,100 | 8,540 | 25,746 | 29,450 | 50,020 | 37,750 | 31,581 | 11,386 | 5,000 | |
41 |
0 | 18 | 1,663 | - | 0 | 14 | 4,637 | - | - | 17,557 | 1,502 | - | - | 1,899 | - | 46 | 1 | |
50/53 |
58,658 | 160,244 | 13,409 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
367,053 | 155,876 | 204,625 | 205,357 | 190,381 | 170,847 | 119,362 | 106,738 | 90,038 | 52,298 | 66,664 | 98,683 | 84,324 | 62,483 | 63,607 | 49,691 | 34,758 | |
490/1 |
720 | 1,871 | 421 | 414 | 2,165 | 2,456 | 2,917 | 2,474 | 4,101 | - | 7,000 | 1,469 | 1,434 | 1,666 | 2,092 | 1,470 | 258 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
501,302 | 408,507 | 335,607 | 268,936 | 226,374 | 199,647 | 188,725 | 173,163 | 113,648 | 80,325 | 103,205 | 132,256 | 139,586 | 106,748 | 100,705 | 64,361 | 41,298 | |
10/15 |
279,905 | 222,975 | 189,319 | 166,832 | 150,660 | 166,507 | 140,519 | 116,888 | 91,128 | 66,950 | 35,350 | 110,360 | 56,590 | 30,238 | 8,364 | 33,850 | 23,940 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
251,966 | 193,317 | 160,662 | 137,342 | 120,371 | 135,417 | 108,629 | 84,198 | 57,638 | 33,460 | 1,860 | 103,860 | 1,860 | 1,860 | 1,860 | 11,860 | 1,860 | |
130/1 |
- | 0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | 0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | 0 | 2,216 | 8,021 | 8,021 | 5,805 | 3,708 | - | - | - | - | - | - | - | - | |
133 |
251,966 | 193,317 | 158,802 | 135,482 | 116,295 | 125,536 | 98,749 | 76,533 | 52,070 | 31,600 | - | 102,000 | - | - | - | 10,000 | - | |
14 |
21,740 | 23,458 | 22,457 | 23,290 | 24,090 | 24,890 | 25,690 | 26,490 | 27,290 | 27,290 | 27,290 | 300 | 48,530 | 22,178 | 304 | 15,790 | 15,880 | |
17/49 |
221,397 | 185,531 | 146,288 | 102,104 | 75,714 | 33,140 | 48,205 | 56,275 | 22,520 | 13,375 | 67,855 | 21,896 | 82,996 | 76,510 | 92,341 | 30,511 | 17,358 | |
42/48 |
210,769 | 177,080 | 142,125 | 100,415 | 74,750 | 32,607 | 47,421 | 55,400 | 21,644 | 13,375 | 66,224 | 19,625 | 81,484 | 76,091 | 90,528 | 29,381 | 17,358 | |
43 |
0 | 44 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
0 | 44 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
794 | 2,232 | 5,313 | 169 | 1,557 | 9,060 | 4,110 | 23,685 | 1,582 | - | 50 | 705 | 1,213 | 3,081 | 322 | 3,453 | 657 | |
440/4 |
794 | 2,232 | 5,313 | 169 | 1,557 | 9,060 | 4,110 | 23,685 | 1,582 | - | 50 | 705 | 1,213 | 3,081 | 322 | 3,453 | 657 | |
45 |
20,679 | 14,557 | 10,490 | 12,817 | 12,558 | 16,751 | 8,340 | 11,406 | 8,736 | 3,375 | 2,157 | 8,075 | 1,670 | 3,603 | 16,325 | 6,877 | 8,856 | |
450/3 |
20,679 | 14,557 | 10,490 | 12,817 | 12,558 | 16,751 | 8,340 | 11,406 | 8,736 | 3,375 | 2,157 | 8,075 | 1,670 | 3,603 | 16,325 | 6,877 | 8,856 | |
47/48 |
189,296 | 160,247 | 126,322 | 87,429 | 60,635 | 6,795 | 34,971 | 20,310 | 11,327 | 10,000 | 64,017 | 10,845 | 78,601 | 69,407 | 73,880 | 19,051 | 7,845 | |
492/3 |
10,627 | 8,451 | 4,164 | 1,690 | 964 | 534 | 784 | 875 | 876 | - | 1,631 | 2,271 | 1,512 | 418 | 1,813 | 1,130 | - | |
| Income statement | ||||||||||||||||||
76A |
- | 0 | 14,010 | - | - | - | - | - | 3,167 | - | - | - | - | - | - | - | - | |
9900 |
149,882 | 103,083 | 90,279 | 61,262 | 41,569 | 45,040 | 41,256 | 47,604 | 40,349 | 59,644 | 27,969 | 80,315 | 52,554 | 44,109 | 38,888 | 15,959 | 25,734 | |
630 |
21,515 | 22,143 | 18,849 | 16,291 | 4,602 | 4,162 | 4,002 | 3,630 | 1,172 | 362 | 362 | 1,692 | 1,803 | 473 | 473 | 197 | 964 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | -25,000 | - | 12,500 | 12,500 | - | - | - | |
640/8 |
400 | 387 | 384 | 348 | 348 | 348 | 348 | 348 | 577 | 617 | 619 | 614 | 611 | 604 | 596 | 713 | 695 | |
66A |
- | 0 | 33 | - | - | - | - | 108 | 744 | - | - | - | - | - | - | - | - | |
9901 |
127,968 | 80,553 | 71,013 | 44,624 | 36,619 | 40,531 | 36,906 | 43,518 | 37,856 | 58,665 | 51,988 | 78,009 | 37,640 | 30,532 | 37,819 | 15,049 | 24,075 | |
75/76B |
2,249 | 3,045 | - | - | 0 | 0 | - | 3 | 1,096 | 140 | 372 | 455 | 703 | 197 | 946 | 398 | 2 | |
75 |
2,249 | 3,045 | - | - | 0 | 0 | - | 3 | 1,096 | 140 | 372 | 455 | 703 | 197 | 946 | 398 | 2 | |
65/66B |
11,363 | 8,743 | 4,892 | 1,810 | 2,172 | 3,198 | 3,612 | 3,932 | 4,337 | 62 | 1,664 | 2,314 | 1,785 | 944 | 2,479 | 1,999 | 144 | |
65 |
11,363 | 8,743 | 4,892 | 1,810 | 2,172 | 3,198 | 3,612 | 3,932 | 4,337 | 62 | 1,664 | 2,314 | 1,785 | 944 | 2,479 | 1,999 | 144 | |
9903 |
118,854 | 74,854 | 66,121 | 42,814 | 34,447 | 37,333 | 33,294 | 39,588 | 34,614 | 58,743 | 50,696 | 76,150 | 36,557 | 29,785 | 36,286 | 13,447 | 23,933 | |
67/77 |
33,418 | 18,124 | 18,338 | 5,373 | 17,894 | 10,545 | 8,863 | 13,029 | 10,436 | 17,143 | 13,706 | 22,380 | 10,206 | 7,911 | 12,772 | 3,537 | 6,193 | |
9904 |
85,436 | 56,730 | 47,784 | 37,442 | 16,553 | 26,788 | 24,431 | 26,560 | 24,179 | 41,600 | 36,990 | 53,770 | 26,352 | 21,874 | 23,514 | 9,910 | 17,740 | |
789 |
- | - | 0 | 2,216 | 5,805 | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | 0 | 2,216 | 2,097 | 3,708 | - | - | - | - | - | - | - | - | |
9905 |
85,436 | 56,730 | 47,784 | 39,657 | 22,358 | 26,788 | 22,215 | 24,463 | 20,470 | 41,600 | 36,990 | 53,770 | 26,352 | 21,874 | 23,514 | 9,910 | 17,740 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
108,894 | 79,187 | 71,073 | 63,747 | 47,248 | 52,477 | 48,705 | 51,753 | 47,760 | 68,890 | 37,290 | 102,300 | 48,530 | 22,178 | 39,304 | 25,790 | 17,740 | |
14P |
23,458 | 22,457 | 23,290 | 24,090 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
26,788 | 24,075 | 24,463 | 20,470 | 31,600 | - | - | - | - | - | 102,000 | - | - | - | 10,000 | - | - | |
691/2 |
85,436 | 56,730 | 47,784 | 39,657 | 22,358 | 26,788 | 22,215 | 24,463 | 20,470 | 31,600 | - | 102,000 | - | - | - | 10,000 | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
85,436 | 56,730 | 47,784 | 39,657 | 22,358 | 26,788 | 22,215 | 24,463 | 20,470 | 31,600 | - | 102,000 | - | - | - | 10,000 | - | |
694/7 |
28,506 | 23,074 | 25,296 | 21,270 | 32,400 | 800 | 800 | 800 | - | 10,000 | 112,000 | - | - | - | 49,000 | - | - | |
694 |
28,506 | 23,074 | 25,296 | 21,270 | 32,400 | 800 | 800 | 800 | - | - | 102,000 | - | - | - | 49,000 | - | - | |
695 |
- | - | - | - | - | - | - | - | - | 10,000 | 10,000 | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 27-03-2026 | 2026-00066898 | |
| 30-09-2024 | micro format | 04-04-2025 | 2025-00064961 | |
| 30-09-2023 | micro format | 08-04-2024 | 2024-00059155 | |
| 30-09-2022 | micro format | 12-04-2023 | 2023-00057548 | |
| 30-09-2021 | micro format | 29-03-2022 | 2022-09100410 | |
| 30-09-2020 | micro format | 29-04-2021 | 2021-12300097 | |
| 30-09-2019 | micro format | 06-04-2020 | 2020-08800517 | |
| 30-09-2018 | micro format | 29-04-2019 | 2019-11400187 | |
| 30-09-2017 | micro format | 24-04-2018 | 2018-10500345 | |
| 30-09-2016 | abbreviated format | 23-03-2017 | 2017-07100544 | |
| 30-09-2015 | abbreviated format | 21-03-2016 | 2016-06600505 | |
| 30-09-2014 | abbreviated format | 08-12-2014 | 2014-68400333 | |
| 30-09-2013 | abbreviated format | 24-03-2014 | 2014-06900522 | |
| 30-09-2012 | abbreviated format | 18-03-2013 | 2013-06400531 | |
| 30-09-2011 | abbreviated format | 18-11-2011 | 2011-61100454 | |
| 30-09-2010 | abbreviated format | 31-03-2011 | 2011-07500494 | |
| 30-09-2009 | abbreviated format | 29-04-2010 | 2010-10500092 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 149,483 | 102,696 | 89,862 | 60,915 | 41,222 | 44,693 | 40,909 | 47,149 | 39,028 | 59,027 | 52,350 | 79,700 | 39,443 | 31,005 | 38,292 | 15,246 | 25,039 | ||
| 106,951 | 78,874 | 66,632 | 53,733 | 21,156 | 30,949 | 28,433 | 30,190 | 25,350 | 41,962 | 37,352 | 55,461 | 28,154 | 22,348 | 23,987 | 10,107 | 18,705 | ||
| 2,259 | 912 | 93,199 | 43,207 | 0 | 4,985 | 1,860 | 23,979 | 7,396 | 0 | 0 | 538 | 2,659 | 0 | 2,131 | 684 | 1,410 | ||
| 211,177 | -48,749 | -732 | 14,976 | 19,534 | 51,485 | 12,624 | 16,700 | 37,740 | -14,366 | -32,019 | 14,359 | 21,842 | -1,124 | 13,916 | 14,933 | - | ||
| 237,441 | 159,079 | 99,904 | 119,876 | 129,895 | 140,709 | 115,795 | 90,112 | 84,594 | 65,020 | 34,689 | 109,977 | 54,295 | 27,705 | 6,753 | 33,213 | 22,660 | ||
| 55.8% | 54.6% | 56.4% | 62.0% | 66.6% | 83.4% | 74.5% | 67.5% | 80.2% | 83.3% | 34.3% | 83.4% | 40.5% | 28.3% | 8.3% | 52.6% | 58.0% | ||
| 2.13 | 1.90 | 1.70 | 2.19 | 2.74 | 5.32 | 3.44 | 2.63 | 4.91 | 5.86 | 1.52 | 6.60 | 1.67 | 1.36 | 1.07 | 2.13 | 2.31 | ||
| 0.79 | 0.83 | 0.77 | 0.61 | 0.50 | 0.20 | 0.34 | 0.48 | 0.25 | 0.20 | 1.92 | 0.20 | 1.47 | 2.53 | 11.04 | 0.90 | 0.73 | ||
| 30.5% | 25.4% | 25.2% | 22.4% | 11.0% | 16.1% | 17.4% | 22.7% | 26.5% | 62.1% | 104.6% | 48.7% | 46.6% | 72.3% | 281.1% | 29.3% | 74.1% | ||
| 17.0% | 13.9% | 14.2% | 13.9% | 7.3% | 13.4% | 12.9% | 15.3% | 21.3% | 51.8% | 35.8% | 40.7% | 18.9% | 20.5% | 23.3% | 15.4% | 43.0% | ||
| 13.16 | 11.75 | 18.37 | 33.66 | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €2,259 | €912 | €93,199 | €43,207 |
| €21,515 | €22,143 | €18,849 | €16,291 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 59% higher than in 2024 and the highest since 2009. It is the fourth rise in a row, after the fall in 2021.
Debt's share of the balance-sheet total falls from 45.4% to 44.2%. Equity and debt are higher.
RedFox has no parent and no holdings in its annual accounts. RedFox shares no director with another company.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Leming 3 registered office 3010 Leuven | ||
| Wolvendreef 26 3210 Lubbeek | 29-09-2008 | 2.174.245.496 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24051B0038/00Z000 | 1,513 m² | 1 · 160 m² | 18.9 m |
| 24063C0096/00X002 | 676 m² | 1 · 152 m² | 11.1 m · 2 |
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