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REEL CONSTRUCT

Active Private limited companyfounded 2019active for 7 yearsHoge Paal 18, 1600 Sint-Pieters-LeeuwKBO/BCE: BE 0717.980.934
REEL CONSTRUCT
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €67,460 (2023)
€61,833▼ 8.3%
lowest -€10,146 (2022)
€8,365▼ 52.2%
peak €45,429 (2024)
€45,429▲ 22.6%
€22,425▲ 71.3%
peak 2 FTE (2020)
-not published
Board2 names since 2021
1 directorCufaj Ali
Documentsfilings and deeds
11-07-202520 days before the deadline
2024micro format
Result from €17,515 to €8,365Equity from €37,063 to €45,429Debts from €13,088 to €22,425Investments €2,587

Key points

from the 2024 annual accounts

Investments

€2,587 2.0 × depreciation

Green is investment, beige is depreciation.

Filings

6 annual accounts 101 days past the deadline
AprilJune31 JulyOctober202020222024

2025 accounts not filed: deadline was 31-07-2026.

Board

1 joined · 1 left

Board changed. Latest change 16-06-2026 · 1 in office.

Checked score

52
Fair
Financially stronger than 81% of micro companies in chemicals (NACE 20)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.5% across 356 companies (NACE 20, micro).

About 4 in 100 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: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.3%▲ +0.1 percentage points vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.7%▲ +0.4 percentage points vs 06-2026 08-2026: 1.5%▲ +0.8 percentage points vs 07-2026 09-2026: 1.7%▲ +0.2 percentage points vs 08-2026 10-2026: 3.6%▲ +1.9 percentage points vs 09-2026highest value 11-2026: 3.6%● unchanged vs 10-2026highest value

Financial strength
Strong

92-7equity 67.0% of total assets
86-4short-term debt 33.0% · cash 40.6%
84-16return on assets 12.3%

Score breakdown

raises risk
Figures for financial year 2024 (filed on 11-07-2025)
1 change of registered office in 24 months
1 financial year not filed after the legal deadline
lowers risk
Liquidity: current ratio 2.96, cash €27,521
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 20, micro). It does better than 75% of them on solvency, 85% on liquidity, 82% on profitability and 85% 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 31-12-2024.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 26,972 companies had the same profile as REEL CONSTRUCT has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 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.

The bankruptcy probability of REEL CONSTRUCT itself is higher: 3.6% within 12 months. It rests on far more data about REEL CONSTRUCT than the profile alone.

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.

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 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 26,972 companies, not a prediction for REEL CONSTRUCT. 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 €2,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance

Liquidity is ample, with a current ratio of 2.96 (3.81 in 2023), above the usual 1.5. Short-term debt is 33% and cash 40.6% of total assets. 33% 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

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed on 11-07-2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Liquidity: current ratio 2.96, cash €27,521
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline
NBB · filings
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 6 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
not filed
2024
20 days early
2023
16 days early
2022
31 days early
2021
27 days early
2020
12 days early
2019
28 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 22 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PA
PREKA Admir
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0717980934
Registered office moved to Sint-Pieters-Leeuw New registered office: Hoge Paal, 18-1600 Sint-Pieters-Leeuw · Resignation: Cufaj Ali (manager) · Appointment: PREKA Admir (director) · General meeting of 11-06-2026 · Gazette deed
Incorporation published on 15-01-2019 · Gazette deed
First establishment Hoge Paal 18, Sint-Pieters-Leeuw
All 12 events

Comparable companies

same main activity, similar in size and age
Company
REEL CONSTRUCT Sint-Pieters-Leeuw €67,854 €61,833 67.0% -
ENGELS MAINTENANCE SERVICE Laarne €65,742 €60,545 75.2% -
Dekotech Westerlo €62,443 €70,276 3.2% -
Hyperspeed Geel €76,326 €57,126 6.6% -
RG CHAUFFAGE Bastogne €78,112 €63,356 60.4% -
Vermon Technics Aarschot €65,145 €49,824 30.9% -
FANI CONSTRUCT Kraainem €52,294 €78,142 36.5% -

These companies have the same main activity as REEL CONSTRUCT: plumbing work (NACE 43221). They are comparable in size and age: total assets between €52,300 and €78,100, founded between 2017 and 2019.

Official details

Source: KBO
Status
Active since 11-01-2019Normal situation
Activity
Plumbing workNACE 43221and 5 others
Establishment unit
2.283.950.7161600 Sint-Pieters-Leeuw, since 11-01-2019
Financial year end
31 December
Peppol
Reachable since 25-10-2026
Company details

Annual accounts 2024

€61,833▼ 8.3%
≈ €240,000estimated
€8,365▼ 52.2%
€45,429▲ 22.6%
€67,854▲ 35.3%
Employeeson 31-12-2024
1=
Filing
Filed on 11-07-2025
Financials

Insights on REEL CONSTRUCT

REEL CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €23,736 in 2019 to €61,833 in 2024.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2024

micro format, filed on 11-07-2025, 20 days before the deadline

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 9 November 2026.

€61,833
▼ 8.3%
€11,625
▼ 43.1%
€8,365
▼ 52.2%
€43,862
▲ 19.3%
67.0%
▼ 7.0 percentage points
2.96
▼ 0.85

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 ≈ €240,000. Estimated: probably between €180,000 and €360,000.

Balance sheet

balance sheet total €67,854 on 31-12-2024
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

67.0%

Higher than 73% of 35,956 companies in 2024.

2.96

Higher than 71% of 35,354 companies in 2024.

12.3%

Higher than 65% of 35,538 companies in 2024.

REEL CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Staff

€48,114

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202420232022202120202019
Balance sheet: assets
20/58 67,85450,15234,95278,33529,16426,715
21/28 1,5673006711,0531,6421,513
22/27 1,5673006711,0531,6421,513
23 111300489678867-
24 1,456-1823757751,513
29/58 66,28749,85234,28177,28227,52225,202
3 1,9671,7741,7741,6495,073-
30/36 1,9671,7741,7741,6495,073-
40/41 35,82515,00813,53040,57411,3113,961
40 19,0521,8575,02635,5743,0182,067
41 16,77313,1518,5045,0008,2931,894
54/58 27,52132,14118,14634,49110,84220,727
490/1 974929832568296514
Balance sheet: equity and liabilities
10/49 67,85450,15234,95278,33529,16426,715
10/15 45,42937,06319,54829,69419,27011,636
10/11 6,2006,2006,2006,2006,2006,200
100 -----18,600
101 -----12,400
14 39,22930,86313,34823,49413,0705,436
17/49 22,42513,08815,40448,6419,89415,079
42/48 22,42513,08815,40448,6419,89415,079
44 12,5921,6391,46234,7011,7184,403
440/4 12,5921,6391,46234,7011,7184,403
46 --5,256--4,157
45 9,83411,4498,68513,9408,1766,518
450/3 3,2532,8982,6073,7323,4361,432
454/9 6,5818,5526,07910,2084,7415,087
Income statement
9900 61,83367,46039,26755,88945,26723,736
62 48,11446,24748,83741,78034,41615,399
630 1,3203713825891,3961,306
640/8 773428117442-135
9901 11,62520,415-10,07013,0779,4556,896
75/76B 119238-00
75 119238-00
65/66B 126311447829
65 126311447829
9903 11,61820,413-10,14613,0309,4476,868
67/77 3,2532,898-2,6071,8131,432
9904 8,36517,515-10,14610,4247,6345,436
9905 8,36517,515-10,14610,4247,6345,436
Appropriation of the result
9906 39,22930,86313,34823,49413,0705,436
14P 30,86313,34823,49413,070--
Social balance sheet
9087 111.81.32-
Hours worked1013 1,7681,7281,8641,7362,008-
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 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 2024 (PDF), filed on 11-07-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2024 micro format 11-07-2025 2025-00258036 PDF
31-12-2023 micro format 15-07-2024 2024-00244314 PDF
31-12-2022 micro format 30-06-2023 2023-00180073 PDF
31-12-2021 micro format 04-07-2022 2022-20136762 PDF
31-12-2020 micro format 19-07-2021 2021-37000320 PDF
31-12-2019 micro format 03-07-2020 2020-25700048 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202420232022202120202019
12,94520,785-9,68813,66610,8518,202
9,68517,886-9,76411,0139,0306,742
2,5870001,5252,819
-4,62013,995-16,34523,649-9,885-
43,86236,76318,87728,64117,62810,123
67.0%73.9%55.9%37.9%66.1%43.6%
2.963.812.231.592.781.67
2.873.672.111.552.271.67
0.490.350.791.640.511.30
18.4%47.3%-51.9%35.1%39.6%46.7%
12.3%34.9%-29.0%13.3%26.2%20.3%
over 100over 100-85.30over 100--

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.

Social balance sheet

Item31-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date1112
full-time1112
in full-time equivalents1112
1-1.81.3
On a permanent contract11-1
Joined--01
Left--11

Source: social balance sheet in the 2021 to 2024 annual accounts

Investments

fixed assets acquired
Item2024202320222021
Tangible fixed assets€2,587---
€1,320€371€382€589

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Insights on REEL CONSTRUCT

The operating result for 2024 is 43% lower than in 2023.

Debt's share of the balance-sheet total rises from 26.1% to 33.0%. Equity and debt are higher.

Board & ownership

Board

1 director, last change in June 2026
PREKA Admir
Director
appointed by deed of 16-06-2026 term without a fixed end

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
PREKA Admir
Director
Cufaj Ali
Manager
BoardEarliermandate already running before its first mention
Mandates as a list
  • PREKA Admir
    • Director, appointed by deed of 16-06-2026, still in office
  • Cufaj Ali
    • Manager, from before 31-12-2021 to 16-06-2026

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€6,200
Source
2024 annual accounts

Network & group

No group

REEL CONSTRUCT has no parent and no holdings in its annual accounts. PREKA Admir is the only director. REEL CONSTRUCT shares no director with another company.

Timeline

Timeline

12 events since 2019
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0717980934
Registered office moved to Sint-Pieters-LeeuwNew registered office: Hoge Paal, 18-1600 Sint-Pieters-Leeuw · Resignation: Cufaj Ali (manager) · Appointment: PREKA Admir (director) · General meeting of 11-06-20266 points ▸
  • Director resignation, Cufaj Ali (manager)
  • Director discharge, Cufaj Ali
  • Board rule, 1
  • Director appointment, PREKA Admir
  • Registered-office move, Hoge Paal, 18-1600 Sint-Pieters-Leeuw
  • General meeting, 11-06-2026
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

2025
Annual accounts 2024 filed PDFmicro format · 20 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 16 days before the deadline
2023
Back to profit net €17,515 The net result is €17,515, after one loss-making year.
Annual accounts 2022 filed PDFmicro format · 31 days before the deadline
2022
Weakest financial year net -€10,146 The net result drops to -€10,146, the lowest from 2019 to 2024. It recovers the following year.
Annual accounts 2021 filed PDFmicro format · 27 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 12 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 28 days before the deadline
2019
Incorporation PDFpublished on 15-01-2019
First establishment Hoge Paal 18, Sint-Pieters-Leeuw

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 11 January 2019, REEL CONSTRUCT was incorporated.1 In 2026 the registered office moved to Sint-Pieters-Leeuw.2 Total assets went from €26,715 in 2019 to €67,854 in 2024 and headcount from 2 full-time equivalents in 2020 to 1 in 2024.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 16-06-2026
  3. 3National Bank, annual accounts 2019, 2020 and 2024

Company details

Identity

Enterprise number
0717.980.934
VAT number
BE 0717.980.934
Peppol ID
0208:0717980934
Other Peppol ID
9925:BE0717980934
Legal form
Private limited company
Status
Active, normal situation
Founded
11-01-2019
Financial year
ends on 31 December
Peppol
Reachable since 25-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
REEL CONSTRUCT in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
VAT activities
43221 Plumbing work main activity
43222 Installation of electric heating, air conditioning, cooling and ventilation
43223 Specialised construction activities
43240 Other construction installation
43350 Other building finishing work
Social security (RSZ) activities
43990 Other specialised construction activities main activity
Codes under NACEBEL 2008
43999 Specialised construction activities main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Hoge Paal 18 registered office 1600 Sint-Pieters-Leeuw 11-01-2019 2.283.950.716

Buildings and parcels at the address

Ground area
75 m²
Buildings
75 m²
Volume, LiDAR
442 m³
Tallest building
8.2 m
Buildings to scale, each on its own parcel
75 m², 8.2 m 75 m², 8.2 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
23582D0139/00M00375 m² 1 · 75 m² 8.2 m · 2

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0717.980.934

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