Reformed
ActiveSummary
Reformed has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €5k. Equity is growing by ~135.7% per year across the filed fiscal years. Its solvency ranks better than 27% of 903 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87=
Solvency32▲+25
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
65 d early
2023
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2k
2024 · €-2k
2023: €-4klowest in 3 years
2024: €-2k▲ +44.2% vs 2023
2025: €2k▲ +192% vs 2024highest in 3 years
2023 → 2025
Total assets
€32k▲ 135%
2024 · €13k
2023: €16k
2024: €13k▼ -15.9% vs 2023lowest in 3 years
2025: €32k▲ +135% vs 2024highest in 3 years
2023 → 2025
Net result
€5k▲ 143%
2024 · €2k
2023: €-8klowest in 3 years
2024: €2k▲ +123% vs 2023
2025: €5k▲ +143% vs 2024highest in 3 years
2023 → 2025
Working capital
€-7k▼ 1,122%
2024 · €-600
2023: €-959
2024: €-600▲ +37.4% vs 2023highest in 3 years
2025: €-7k▼ -1122% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-4k-€-2k▲ 44.2%€2k
2023: €-4klowest in 3 years
2024: €-2k▲ +44.2% vs 2023
2025: €2k▲ +192% vs 2024highest in 3 years
Operating result€-8k-€2k€6k▲ 191%
2023: €-8klowest in 3 years
2024: €2k▲ +124% vs 2023
2025: €6k▲ +191% vs 2024highest in 3 years
Net result€-8k-€2k€5k▲ 143%
2023: €-8klowest in 3 years
2024: €2k▲ +123% vs 2023
2025: €5k▲ +143% vs 2024highest in 3 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 191% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32k
Fixed assets
€16k ▲ 97.8%
Current assets
€16k ▲ 189%
Equity and liabilities €32k
Equity
€2k
Debt
€29k
Debt finances 93.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€10k▲
2024 · €5k
Cash flow
€9k▲
2024 · €5k
Current ratio
0.68▼
2024 · 0.90
Debt to equity
13.20▲
2024 · -6.57
ROE
208.6%
ROA
14.7%▲
2024 · 14.2%
Interest coverage
485.31▲
2024 · 53.68
Debt ≤ 1 year
€23k▲
2024 · €6k
Debt > 1 year
€6k▼
2024 · €10k
Income taxes
€1k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€13k€32k▲
Fixed assets21/28€8k€16k▲
Tangible fixed assets22/27€8k€16k▲
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24-€11k
Financial fixed assets28-€98
Current assets29/58€5k€16k▲
Amounts receivable within one year40/41€4k€3k▼
Trade receivables40€3k€3k▲
Other amounts receivable41€1k-
Cash at bank and in hand54/58€927€10k▲
Deferred charges and accrued income490/1€107€3k▲
Equity and liabilities
Total equity and liabilities10/49€13k€32k▲
Equity10/15€-2k€2k▲
Contributions10/11€4k€4k=
Outside capital11€4k€4k=
Other1109/19€4k€4k=
Reserves13-€5k
Distributable reserves133-€5k
Profit (loss) carried forward14€-6k€-6k=
Amounts payable17/49€16k€29k▲
Amounts payable after more than one year17€10k€6k▼
Financial debts170/4€10k€6k▼
Amounts payable within one year42/48€6k€23k▲
Current portion of amounts payable after more than one year42€4k€4k=
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€86€4k▲
Taxes450/3€86€4k▲
Remuneration and social security454/9-€300
Other amounts payable47/48€826€11k▲
Accrued charges and deferred income492/3€63€152▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€22€901▲
Gross operating margin9900€5k€11k▲
Operating profit (loss)9901€2k€6k▲
Financial income75/76B-€16
Recurring financial income75-€16
Financial charges65/66B€96€21▼
Recurring financial charges65€96€21▼
Profit (loss) for the period before taxes9903€2k€6k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€2k€5k▲
Profit (loss) for the period to be appropriated9905€2k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-2k▲
Profit (loss) brought forward from the previous period14P€-8k€-6k▲
Transfer to equity691/2-€5k
To other reserves6921-€5k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €4k | ▲ 31.2% |
| Other operating charges640/8 | €199 | €22 | €901 | ▲ 3,937% |
| Gross operating margin9900 | €-5k | €5k | €11k | ▲ 110% |
| Operating profit (loss)9901 | €-8k | €2k | €6k | ▲ 191% |
| Financial income75/76B | - | - | €16 | - |
| Recurring financial income75 | - | - | €16 | - |
| Financial charges65/66B | €39 | €96 | €21 | ▼ 78.6% |
| Recurring financial charges65 | €39 | €96 | €21 | ▼ 78.6% |
| Profit (loss) for the period before taxes9903 | €-8k | €2k | €6k | ▲ 206% |
| Income taxes67/77 | - | - | €1k | - |
| Profit (loss) for the period9904 | €-8k | €2k | €5k | ▲ 143% |
| Profit (loss) for the period to be appropriated9905 | €-8k | €2k | €5k | ▲ 143% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €16k | €13k | €32k | ▲ 135% |
| Fixed assets21/28 | €10k | €8k | €16k | ▲ 97.8% |
| Tangible fixed assets22/27 | €10k | €8k | €16k | ▲ 96.6% |
| Plant, machinery and equipment23 | €10k | €8k | €5k | ▼ 39.3% |
| Furniture and vehicles24 | - | - | €11k | - |
| Financial fixed assets28 | - | - | €98 | - |
| Current assets29/58 | €6k | €5k | €16k | ▲ 189% |
| Amounts receivable within one year40/41 | €505 | €4k | €3k | ▼ 29.1% |
| Trade receivables40 | €347 | €3k | €3k | ▲ 3.7% |
| Other amounts receivable41 | €158 | €1k | - | - |
| Cash at bank and in hand54/58 | €5k | €927 | €10k | ▲ 961% |
| Deferred charges and accrued income490/1 | €113 | €107 | €3k | ▲ 2,486% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €16k | €13k | €32k | ▲ 135% |
| Equity10/15 | €-4k | €-2k | €2k | ▲ 192% |
| Contributions10/11 | €4k | €4k | €4k | = |
| Outside capital11 | €4k | €4k | €4k | = |
| Other1109/19 | €4k | €4k | €4k | = |
| Reserves13 | - | - | €5k | - |
| Distributable reserves133 | - | - | €5k | - |
| Profit (loss) carried forward14 | €-8k | €-6k | €-6k | = |
| Amounts payable17/49 | €20k | €16k | €29k | ▲ 84.9% |
| Amounts payable after more than one year17 | €13k | €10k | €6k | ▼ 36.7% |
| Financial debts170/4 | €13k | €10k | €6k | ▼ 36.7% |
| Amounts payable within one year42/48 | €7k | €6k | €23k | ▲ 282% |
| Current portion of amounts payable after more than one year42 | €4k | €4k | €4k | = |
| Trade debts44 | €2k | €2k | €5k | ▲ 195% |
| Suppliers440/4 | €2k | €2k | €5k | ▲ 195% |
| Taxes, remuneration and social security45 | €946 | €86 | €4k | ▲ 4,348% |
| Taxes450/3 | €946 | €86 | €4k | ▲ 4,001% |
| Remuneration and social security454/9 | - | - | €300 | - |
| Other amounts payable47/48 | €48 | €826 | €11k | ▲ 1,245% |
| Accrued charges and deferred income492/3 | - | €63 | €152 | ▲ 139% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-8k | €2k | €5k | ▲ 143% |
| + Depreciation and write-downs630 | €3k | €3k | €4k | ▲ 31.2% |
| Operating cash flow (approximation) | €-5k | €5k | €9k | ▲ 73.3% |
| Investment in fixed assets (approximation) | - | €-1k | €-12k | ▼ 918% |
| Change in cash | - | €-4k | €9k | ▲ 299% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2023net €5k ▲143%
Operating result €6k, net result €5k, both a record.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2023
Ground area
1,404 m²
Building footprint
499 m²
Volume, LiDAR
518 m³
Parcel 44807G0908/00V007, Flanders · tallest building 5.5 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Reformed
since 20232.340.564.567
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0908/00V007 | Flanders | 1,404 m² | 1 · 499 m² | 5.5 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.340.564.567
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Of 1,519 companies in sector 93130 we hold annual accounts for 687. 201 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
93130Fitness centres
86995Nutrition and dietetics services
Scores and ratios are computed by Checked and are not a credit decision.