Result
-€136,763 ▼ 1,254%
The result fell in 2025 from -€10,102 to -€136,763.
REDWIRE
Lifetime
19 annual accounts with figures on one time axispeak €211,191 (2023)
-€11,019▲ €20,025
lowest -€136,763 (2025)
-€136,763▼ €126,661
peak €5.8m (2023)
€5.4m▼ 2.5%
€31,963▼ 88.3%
Board1 name since 2021
1 directorCouder Guy
Documentsfilings and deeds
27-04-20263 days before the deadline
2025micro format
Gross margin from -€31,044 to -€11,019Loss of €136,763Debts from €272,949 to €31,963Investments €621,034Cash from €25,164 to €60,938
Key points
from the 2025 annual accountsInvestments
€637,963 6.0 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 27.0% higher than in 2024.
Position in the sector
-€136,763
Lower net result than 95% of companies in real estate. Sector median €5,994 · 17,181 companies.
Checked score
94
Excellent
Financially stronger than 50% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%▲ +0.2 percentage points vs 04-2025highest value
06-2025: 0.1%▼ -0.3 percentage points vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: < 0.1%▼ -0.1 percentage points vs 09-2025
11-2025: 0.1%▲ +0.1 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: < 0.1%▼ -0.1 percentage points vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 107.01, cash €60,938
lowers risk
Size: total assets €5.4m
Figures for financial year 2025 (filed on 29-04-2026)
Equity €5.4m (99.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 92% of them on solvency, 67% on liquidity, 8% on profitability and 33% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as REDWIRE has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of REDWIRE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 8,617 companies, not a prediction for REDWIRE. 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 of up to €500,000 on 30-day terms is acceptable
Short-term debt is 0.6% and cash 1.1% of total assets. 0.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
27 days late
2023
3 days late
2022
16 days late
2021
26 days early
2020
53 days early
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 4 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Board and ownership
CG
Couder Guy
Director
Shares in 2 companies, Innolabel and Simac PHI DATA
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0882352877
Amendment of the articles · Legal-form change · Resignations & appointments
Director in office: Couder Guy · Board composition: Couder Guy (statutory director) · General meeting of 09-05-2023 · Gazette deed
First establishment
Patrijzendreef 289, Keerbergen
Incorporation
published on 17-07-2006 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| REDWIRE Keerbergen | €5.4m | -€11,019 | 99.4% | - |
| ALLEV Herent | €4.9m | -€540 | 0.2% | - |
| Fontenelle Développement Binche | €5.6m | -€8,475 | 2.4% | - |
| HET GULDEN CRUYS Schoten | €4.8m | -€43,031 | 2.5% | 0 |
| AMAZONIA Nieuwpoort | €5.8m | -€17,044 | -17.3% | - |
| MONS.APPUI Wavre | €5.2m | -€17,242 | -8.4% | 0 |
| STONES@WORK INVESTMENTS Antwerp | €4.4m | -€3,183 | 8.9% | - |
These companies have the same main activity as REDWIRE: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €4.4m and €5.8m, founded between 2003 and 2007.
Official details
Source: KBO- Status
- Active since 06-07-2006Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 3 others
- Establishment unit
- 2.155.711.5683140 Keerbergen, since 24-08-2006
- Financial year end
- 30 September
- Peppol
- Reachable since 04-12-2025
Annual accounts to 30-09-2025
- €5.4m▼ 6.5%
- Filing
- Filed on 27-04-2026, 3 days before the end of the filing period
Insights on REDWIRE
REDWIRE files the micro format. That format states no turnover. The gross margin fell from €147,667 in 2007 to -€11,019 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about REDWIRE
- What is the company number of REDWIRE?
- The company number of REDWIRE is 0882.352.877. The VAT number is the same number with BE in front: BE 0882.352.877.
- Where is REDWIRE based?
- The registered office is at Patrijzendreef 28, 3140 Keerbergen.Company details
- What does REDWIRE do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of REDWIRE?
- REDWIRE is a private limited company (BV).
- When was REDWIRE founded?
- REDWIRE was founded on 06-07-2006.
- Is REDWIRE still active?
- Yes, REDWIRE is an active enterprise in the KBO register.
- What is the turnover of REDWIRE?
- The annual accounts for financial year 2025 state no turnover. In financial year 2022 turnover was €345,848.Financials
- Is REDWIRE profitable?
- In financial year 2025, REDWIRE made a loss of €136,763.
- Where can I find the annual accounts of REDWIRE?
- REDWIRE filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of REDWIRE due?
- REDWIRE must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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