REGADO
ActiveSummary
REGADO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €51,088 and a net result of €47,939. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 999 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability99▲+8
Solvency51▼-43
Growth78=
Track record94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.83 against 2.92 in 2023; short-term debt: 72.2% and cash: 38.8% of total assets), and 74.4% of the assets are financed with debt.
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Signals
Four 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 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
25.6%
Return on assets
24%
Age of the figures
21 mo
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 20-06-2025, 41 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
41 d early
2022
53 d early
2021
51 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€51,088▼ 59.3%
2023 · €125,649
Total assets
€199,484▲ 9.9%
2023 · €181,463
Net result
€47,939▲ 47.1%
2023 · €32,590
Working capital
-€24,818
2023 · €103,922
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result-€2,593-€115,576€44,023▼ 61.9%€69,618▲ 58.1%
Net result-€2,593below the sector's middle half-€93,153above the sector's middle half€32,590within the sector's middle half▼ 65.0%€47,939above the sector's middle half▲ 47.1%
Equity-€93below the sector's middle half-€93,059within the sector's middle half€125,649within the sector's middle half▲ 35.0%€51,088within the sector's middle half▼ 59.3%
Total assets€6,592below the sector's middle half-€148,674within the sector's middle half▲ 2,155%€181,463within the sector's middle half▲ 22.1%€199,484within the sector's middle half▲ 9.9%
Debt€6,685-€55,614▲ 732%€55,814▲ 0.4%€148,396▲ 166%
Working capital-€1,273below the sector's middle half-€70,659within the sector's middle half€103,922within the sector's middle half▲ 47.1%-€24,818below the sector's middle half
Solvency-1.4%below the sector's middle half-62.6%within the sector's middle half▲ 64.0pp69.2%within the sector's middle half▲ 6.6pp25.6%within the sector's middle half▼ 43.6pp
Current ratio0.81below the sector's middle half-2.27within the sector's middle half▲ 1.462.92within the sector's middle half▲ 0.650.83below the sector's middle half▼ 2.09
Return on assets (ROA)-39.3%below the sector's middle half-62.7%above the sector's middle half▲ 102.0pp18.0%within the sector's middle half▼ 44.7pp24.0%within the sector's middle half▲ 6.1pp
above
within
below
the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 58% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €199,484
Fixed assets
€80,235 ▲ 242%
Current assets
€119,248 ▼ 24.5%
Equity and liabilities €199,484
Equity
€51,088 ▼ 59.3%
Debt
€148,396 ▲ 166%
Debt's share of the balance-sheet total rises from 30.8% to 74.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€79,341▲
2023 · €50,556
Cash flow
€57,662▲
2023 · €39,122
Debt to equity
2.90▲
2023 · 0.44
ROE
93.8%▲
2023 · 25.9%
Interest coverage
9.68▼
2023 · 51.90
Debt ≤ 1 year
€144,067▲
2023 · €54,094
Income taxes
€13,755▲
2023 · €10,517
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.1%
went bankrupt
1.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,981 | €6,532 | €9,723 | ▲ 48.8% |
| Other operating charges640/8 | - | €881 | €1,260 | €1,212 | ▼ 3.8% |
| Gross operating margin9900 | -€2,593 | €120,438 | €51,815 | €80,553 | ▲ 55.5% |
| Operating profit (loss)9901 | -€2,593 | €115,576 | €44,023 | €69,618 | ▲ 58.1% |
| Financial income75/76B | - | €5 | €58 | €269 | ▲ 361% |
| Recurring financial income75 | - | €5 | €58 | €269 | ▲ 361% |
| Financial charges65/66B | - | €42 | €974 | €8,194 | ▲ 741% |
| Recurring financial charges65 | - | €42 | €974 | €8,194 | ▲ 741% |
| Profit (loss) for the period before taxes9903 | -€2,593 | €115,540 | €43,107 | €61,693 | ▲ 43.1% |
| Income taxes67/77 | - | €22,387 | €10,517 | €13,755 | ▲ 30.8% |
| Profit (loss) for the period9904 | -€2,593 | €93,153 | €32,590 | €47,939 | ▲ 47.1% |
| Profit (loss) for the period to be appropriated9905 | -€2,593 | €93,153 | €32,590 | €47,939 | ▲ 47.1% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €6,592 | €148,674 | €181,463 | €199,484 | ▲ 9.9% |
| Fixed assets21/28 | €1,180 | €22,400 | €23,447 | €80,235 | ▲ 242% |
| Intangible fixed assets21 | - | €2,302 | €1,222 | €142 | ▼ 88.4% |
| Tangible fixed assets22/27 | €1,180 | €20,098 | €22,225 | €80,093 | ▲ 260% |
| Plant, machinery and equipment23 | €1,180 | €1,877 | - | - | - |
| Furniture and vehicles24 | - | €18,221 | €16,427 | €68,937 | ▲ 320% |
| Other tangible fixed assets26 | - | - | €5,798 | €11,157 | ▲ 92.4% |
| Current assets29/58 | €5,412 | €126,273 | €158,016 | €119,248 | ▼ 24.5% |
| Amounts receivable within one year40/41 | €555 | €39,645 | €15,850 | €41,348 | ▲ 161% |
| Trade receivables40 | - | €39,412 | €15,850 | €29,667 | ▲ 87.2% |
| Other amounts receivable41 | €555 | €233 | - | €11,681 | - |
| Cash at bank and in hand54/58 | €4,856 | €85,888 | €142,166 | €77,385 | ▼ 45.6% |
| Deferred charges and accrued income490/1 | - | €740 | - | €515 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €6,592 | €148,674 | €181,463 | €199,484 | ▲ 9.9% |
| Equity10/15 | -€93 | €93,059 | €125,649 | €51,088 | ▼ 59.3% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | - | - | €122,500 | €47,500 | ▼ 61.2% |
| Distributable reserves133 | - | - | €122,500 | €47,500 | ▼ 61.2% |
| Profit (loss) carried forward14 | -€2,593 | €90,559 | €649 | €1,088 | ▲ 67.6% |
| Amounts payable17/49 | €6,685 | €55,614 | €55,814 | €148,396 | ▲ 166% |
| Amounts payable within one year42/48 | €6,685 | €55,614 | €54,094 | €144,067 | ▲ 166% |
| Trade debts44 | €1,268 | €644 | €23,437 | €6,745 | ▼ 71.2% |
| Suppliers440/4 | €1,268 | €644 | €23,437 | €6,745 | ▼ 71.2% |
| Taxes, remuneration and social security45 | - | €36,515 | €19,892 | €4,416 | ▼ 77.8% |
| Taxes450/3 | - | €36,515 | €19,892 | €4,416 | ▼ 77.8% |
| Other amounts payable47/48 | €5,418 | €18,456 | €10,766 | €132,906 | ▲ 1,135% |
| Accrued charges and deferred income492/3 | - | - | €1,720 | €4,329 | ▲ 152% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,593 | €93,153 | €32,590 | €47,939 | ▲ 47.1% |
| + Depreciation and write-downs630 | - | €3,981 | €6,532 | €9,723 | ▲ 48.8% |
| Operating cash flow (approximation) | -€2,593 | €97,133 | €39,122 | €57,662 | ▲ 47.4% |
| Investment in fixed assets (approximation) | - | -€25,201 | -€7,579 | -€66,512 | ▼ 778% |
| Change in cash | - | €81,032 | €56,278 | -€64,781 | ▼ 215% |
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
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
13-05
State Gazette act
Board meeting · Power of attorney
13-05
State Gazette act
Board meeting · Power of attorney
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €125,649 ▲35%
2 profitable years in a row build equity to €125,649.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €93,153
Net result €93,153 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.27
Current ratio from 0.81 to 2.27.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2021
Ground area
233 m²
Building footprint
83 m²
Volume, LiDAR
604 m³
Parcel 11303C0165/00F002, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
REGADO
since 20212.326.092.068
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0165/00F002 | Flanders | 233 m² | 1 · 83 m² | 11.2 m · 3 fl. |
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.
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Of 1,014 companies in sector 78200 we hold annual accounts for 645. 439 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
Founded03-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
78200Temporary employment agencies and other provision of personnel
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0778232087
Also
9925:BE0778232087
Registered
29-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.