REDWIRE
ActiveSummary
REDWIRE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.37M and a net result of €-137k. Equity is growing by ~36% per year across the filed fiscal years. Its solvency ranks better than 95% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▼-3
Solvency100=
Growth59=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €340k at 30 days acceptable
short-term debt: 0.6% and cash: 1.1% of total assets, and 0.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.4%
Return on assets
-2.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
27 d late
2023
3 d late
2022
16 d late
2021
26 d early
2020
53 d early
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€346k▼ 3.0%
2021 · €357k
2020: €277k
2021: €357k
2020 → 2022
EBIT margin
39.8%▼ 21.3pp
2021 · 61.1%
2020: 44.7%
2021: 61.1%
2020 → 2022
Net result
€-137k▼ 1,254%
2024 · €-10k
2018: €106k
2019: €269k
2020: €208k
2021: €1.17M
2022: €335k
2023: €3.43M
2024: €-10k
2018 → 2025
Working capital
€3.39M▼ 16.1%
2024 · €4.04M
2018: €178k
2019: €334k
2020: €159k
2021: €1.27M
2022: €1.29M
2023: €5.17M
2024: €4.04M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€357k-€346k▼ 3.0%
Equity€2.19M-€2.46M▲ 12.1%€5.79M▲ 135%€5.51M▼ 4.8%€5.37M▼ 2.5%
Operating result€218k-€138k▼ 36.8%€150k▲ 8.9%€-108k€-234k▼ 116%
Net result€1.17M-€335k▼ 71.5%€3.43M▲ 923%€-10k€-137k▼ 1,254%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €234k in 2025 against €108k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.41M
Fixed assets
€1.98M ▲ 35.0%
Current assets
€3.42M ▼ 20.7%
Equity and liabilities €5.41M
Equity
€5.37M ▼ 2.5%
Debt
€32k ▼ 88.3%
Debt's share of the balance-sheet total falls from 4.7% to 0.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-127k▼
2024 · €-35k
Cash flow
€-30k▼
2024 · €63k
Debt to equity
0.01▼
2024 · 0.05
ROE
-2.5%▼
2024 · -0.2%
ROA
-2.5%▼
2024 · -0.2%
Interest coverage
-5.46▼
2024 · -2.72
Debt ≤ 1 year
€32k▼
2024 · €273k
Income taxes
€3k▲
2024 · €208
A ratio outside any meaningful range has been withheld (balance sheet total €5.41M, equity €5.37M).
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.78M€5.41M▼
Fixed assets21/28€1.47M€1.98M▲
Tangible fixed assets22/27€1.46M€1.98M▲
Land and buildings22€1.43M€1.82M▲
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€22k€121k▲
Other tangible fixed assets26€8k€38k▲
Financial fixed assets28€6k€6k=
Current assets29/58€4.31M€3.42M▼
Amounts receivable within one year40/41€49k€28k▼
Other amounts receivable41€49k€28k▼
Current investments50/53€4.23M€3.33M▼
Cash at bank and in hand54/58€25k€61k▲
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€5.78M€5.41M▼
Equity10/15€5.51M€5.37M▼
Contributions10/11€273k€273k=
Reserves13€5.24M€5.10M▼
Tax-exempt reserves132€14k€14k=
Distributable reserves133€5.22M€5.09M▼
Amounts payable17/49€273k€32k▼
Amounts payable within one year42/48€273k€32k▼
Financial debts43€598€323▼
Credit institutions430/8€598€323▼
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Advances received on contracts in progress46-€169
Taxes, remuneration and social security45€6k€29k▲
Taxes450/3€1k€27k▲
Remuneration and social security454/9€5k€2k▼
Other amounts payable47/48€265k-
Income statement
Code20242025
Non-recurring operating income76A€4k€25k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€107k▲
Other operating charges640/8€892€2k▲
Non-recurring operating charges66A€3k€114k▲
Gross operating margin9900€-31k€-11k▲
Operating profit (loss)9901€-108k€-234k▼
Financial income75/76B€111k€123k▲
Recurring financial income75€111k€123k▲
Financial charges65/66B€13k€23k▲
Recurring financial charges65€13k€23k▲
Profit (loss) for the period before taxes9903€-10k€-134k▼
Income taxes67/77€208€3k▲
Profit (loss) for the period9904€-10k€-137k▼
Profit (loss) for the period to be appropriated9905€-10k€-137k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-137k▼
Transfer from equity791/2€278k€137k▼
Profit to be distributed694/7€268k-
Return on contributions (dividend)694€268k-
The notes to these accounts (8 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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-137k
Net result drops to €-137k, the lowest in the series.
30-09
Financial
Liquidity times 7current ratio 107.01
Current ratio from 15.80 to 107.01; short-term debt falls from €273k to €32k.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 3 days late
2023
30-09
Financial
Highest result since 2018net €3.43M ▲923%
Net result €3.43M, the highest in the series.
30-09
Financial
Liquidity doublescurrent ratio 16.95
Current ratio from 7.75 to 16.95.
30-09
Financial
Equity above €5MEq €5.79M ▲135%
6 profitable years in a row build equity to €5.79M.
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 16 days late
2022
04-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Liquidity times 10current ratio 13.80
Current ratio from 1.38 to 13.80; short-term debt falls from €421k to €100k.
30-09
Financial
Equity above €2MEq €2.19M ▲102%
4 profitable years in a row build equity to €2.19M.
Show earlier events
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
30-09
Financial
Equity above €1MEq €1.13M ▲31%
2 profitable years in a row build equity to €1.13M.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Keerbergen · 1 establishment unit since 2006
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.
Patrijzendreef 283140 KeerbergenGround area
3,481 m²
Building footprint
390 m²
Volume, LiDAR
1,244 m³
2 parcels, Flanders · tallest building 4.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
REDWIRE
since 20062.155.711.568
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472F0308/00L000 | Flanders | 3,027 m² | 1 · 390 m² | 4.8 m · 1 fl. |
| 24472G0076/00E000indicative | Flanders | 454 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels 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 · 147 EUR awarded · 147 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 147 EUR | 147 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
967600YQKOF5HRNICY03
Similar companies · same sector, comparable size
HOOGLATEM
BE 0884.210.824
Waregem · Eq €5.37M
MEUBELFABRIEK POLLET
BE 0406.588.762
Torhout · Eq €5.39M
E - MAPROD
BE 0475.285.350
Sint-Gillis (bij-Brussel) · Eq €5.35M
NEXT FRONTIER
BE 0743.922.001
Haacht · Eq €5.33M
ETABLISSEMENTS JACO
BE 0425.154.067
Grâce-Hollogne · Eq €5.43M
Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 1,726 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2006
Fiscal year end30-09
Activities, NACEBEL 2025
68110Buying and selling of own real estate
82990Other business support services
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.