Gross margin from €21,807 to €3,013Result from €5,942 to €770Resignation: Hidden nameVisible after signing in (director)08-04Equity from €1,911 to €2,681Debts from €5,130 to €6,073Cash from €2,802 to €693
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Comparable companies, two years later
In July 2024, 39,326 companies had the same profile as REDRED has now. Each dot stands for 99 companies, two years later.
95.7%
were still trading
2.4%
stopped another way
1.8%
went bankrupt
Micro
2 to 5 years old
solvency 30% or more
a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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.
The companies in ten equal groups, from the lowest to the highest expected share
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 39,326 companies, not a prediction for REDRED. 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.
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
Resignation: Name after signing inVisible after signing in (director)
Transfer of 90 shares from Name hiddenVisible after signing in to Hidden nameVisible after signing in · Transfer of 10 shares from Name after signing inVisible after signing in to Name hiddenVisible after signing in · Appointment: Hidden nameVisible after signing in (director) · Gazette deed
1 director appointed, 2 resignations
Transfer of 55 shares from Name after signing inVisible after signing in to Name hiddenVisible after signing in · Transfer of 20 shares from Hidden nameVisible after signing in to Name after signing inVisible after signing in · Transfer of 25 shares from Name hiddenVisible after signing in to Hidden nameVisible after signing in · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0801455174
Appointment: Name after signing inVisible after signing in (director)
Transfer of 25 shares from Name hiddenVisible after signing in to Hidden nameVisible after signing in · Transfer of 20 shares from Name after signing inVisible after signing in to Name hiddenVisible after signing in · General meeting of 17-05-2023 · Gazette deed
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
Grey: the largest companies of the sector (food and beverage service (NACE 56)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as REDRED: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €6,060 and €10,200, founded between 2022 and 2023.
The 2025 annual accounts show equity of €2,681 and a net result of €770. Equity has been growing by about 125% per year since 2023.
Its solvency ranks better than 51% of 18,509 sector peers (NACE 56, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.