REGIFO
ActiveSummary
REGIFO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-69k) and a net result of €34k. Equity is shrinking by ~41.4% per year across the filed fiscal years. Its solvency ranks better than 16% of 681 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+45
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.7 against 0.62 in 2024; short-term debt: 135.8% and cash: 23.2% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% 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 2025Solvency, return and age of the figures
Solvency
-35.9%
Return on assets
17.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 681 sector peers (2025).
NBB · sector comparisonPosition among 681 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
27 d late
2023
27 d late
2022
30 d late
2021
30 d late
2020
20 d late
2019
28 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 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, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€34k▲ 405%
2024 · €7k
2018: €14k
2019: €-9k▼ -170% vs 2018
2020: €-90k▼ -851% vs 2019lowest in 8 years
2021: €-10k▲ +88.5% vs 2020
2022: €-44k▼ -330% vs 2021
2023: €-67k▼ -51.4% vs 2022
2024: €7k▲ +110% vs 2023
2025: €34k▲ +405% vs 2024highest in 8 years
2018 → 2025
Working capital
€-77k▲ 30.0%
2024 · €-110k
2018: €90khighest in 8 years
2019: €74k▼ -18.4% vs 2018
2020: €-11k▼ -115% vs 2019
2021: €-21k▼ -85.6% vs 2020
2022: €-55k▼ -170% vs 2021
2023: €-117k▼ -111% vs 2022lowest in 8 years
2024: €-110k▲ +5.7% vs 2023
2025: €-77k▲ +30.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€-42k€-110k▼ 158%€-103k▲ 6.2%€-69k▲ 33.1%
2021: €2khighest in 5 years
2022: €-42k▼ -2351% vs 2021
2023: €-110k▼ -158% vs 2022lowest in 5 years
2024: €-103k▲ +6.2% vs 2023
2025: €-69k▲ +33.1% vs 2024
Operating result€-10k-€-47k▼ 348%€-70k▼ 48.9%€7k€33k▲ 383%
2021: €-10k
2022: €-47k▼ -348% vs 2021
2023: €-70k▼ -48.9% vs 2022lowest in 5 years
2024: €7k▲ +110% vs 2023
2025: €33k▲ +383% vs 2024highest in 5 years
Net result€-10k-€-44k▼ 330%€-67k▼ 51.4%€7k€34k▲ 405%
2021: €-10k
2022: €-44k▼ -330% vs 2021
2023: €-67k▼ -51.4% vs 2022lowest in 5 years
2024: €7k▲ +110% vs 2023
2025: €34k▲ +405% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 383% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €192k
Fixed assets
€9k ▲ 16.2%
Current assets
€183k ▲ 0.1%
Key figures and ratios
EBITDA
€33k
Cash flow
€35k
Solvency
-35.9%▲
2024 · -54.0%
Current ratio
0.70▲
2024 · 0.62
Debt to equity
-3.79▼
2024 · -2.85
ROA
17.7%▲
2024 · 3.5%
Interest coverage
121.96
Debt
€261k▼
2024 · €294k
Debt ≤ 1 year
€261k▼
2024 · €294k
Income taxes
€312
Staff costs
€160k▲
2024 · €157k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€191k€192k▲
Fixed assets21/28€7k€9k▲
Tangible fixed assets22/27-€1k
Furniture and vehicles24-€1k
Financial fixed assets28€7k€7k=
Current assets29/58€183k€183k▲
Amounts receivable within one year40/41€110k€129k▲
Trade receivables40€89k€100k▲
Other amounts receivable41€20k€29k▲
Cash at bank and in hand54/58€64k€45k▼
Deferred charges and accrued income490/1€9k€10k▲
Equity and liabilities
Total equity and liabilities10/49€191k€192k▲
Equity10/15€-103k€-69k▲
Contributions10/11€31k€31k=
Reserves13€66k€66k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€63k€63k=
Profit (loss) carried forward14€-200k€-166k▲
Amounts payable17/49€294k€261k▼
Amounts payable within one year42/48€294k€261k▼
Current portion of amounts payable after more than one year42€1k-
Trade debts44€235k€204k▼
Suppliers440/4€235k€204k▼
Taxes, remuneration and social security45€45k€47k▲
Taxes450/3€21k€22k▲
Remuneration and social security454/9€25k€25k▲
Other amounts payable47/48€12k€10k▼
Accrued charges and deferred income492/3-€211
Income statement
Code20242025
Remuneration, social security and pensions62€157k€160k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€594
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-194€-43▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€167k€195k▲
Operating profit (loss)9901€7k€33k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€2k€274▼
Recurring financial charges65€2k€274▼
Profit (loss) for the period before taxes9903€7k€34k▲
Income taxes67/77-€312
Profit (loss) for the period9904€7k€34k▲
Profit (loss) for the period to be appropriated9905€7k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-200k€-166k▲
Profit (loss) brought forward from the previous period14P€-207k€-200k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €147k | €145k | €159k | €157k | €160k | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | - | - | €594 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-4k | €-486 | €-90 | €-194 | €-43 | ▲ 77.8% |
| Other operating charges640/8 | €8k | €8k | €8k | €4k | €2k | ▼ 56.7% |
| Gross operating margin9900 | €150k | €116k | €97k | €167k | €195k | ▲ 16.9% |
| Operating profit (loss)9901 | €-10k | €-47k | €-70k | €7k | €33k | ▲ 383% |
| Financial income75/76B | €2k | €4k | €3k | €2k | €2k | ▼ 14.5% |
| Recurring financial income75 | €2k | €4k | €3k | €2k | €2k | ▼ 14.5% |
| Financial charges65/66B | €2k | €521 | €534 | €2k | €274 | ▼ 87.5% |
| Recurring financial charges65 | €2k | €521 | €534 | €2k | €274 | ▼ 87.5% |
| Profit (loss) for the period before taxes9903 | €-10k | €-44k | €-67k | €7k | €34k | ▲ 409% |
| Income taxes67/77 | - | €834 | €18 | - | €312 | - |
| Profit (loss) for the period9904 | €-10k | €-44k | €-67k | €7k | €34k | ▲ 405% |
| Profit (loss) for the period to be appropriated9905 | €-10k | €-44k | €-67k | €7k | €34k | ▲ 405% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €238k | €190k | €167k | €191k | €192k | ▲ 0.7% |
| Fixed assets21/28 | €22k | €13k | €7k | €7k | €9k | ▲ 16.2% |
| Intangible fixed assets21 | €0 | - | €0 | - | - | - |
| Tangible fixed assets22/27 | €15k | €6k | €0 | - | €1k | - |
| Land and buildings22 | €7k | €6k | - | - | - | - |
| Furniture and vehicles24 | €8k | - | - | - | €1k | - |
| Financial fixed assets28 | €7k | €7k | €7k | €7k | €7k | = |
| Current assets29/58 | €216k | €177k | €160k | €183k | €183k | ▲ 0.1% |
| Amounts receivable within one year40/41 | €174k | €148k | €112k | €110k | €129k | ▲ 16.9% |
| Trade receivables40 | €157k | €131k | €112k | €89k | €100k | ▲ 11.3% |
| Other amounts receivable41 | €17k | €17k | - | €20k | €29k | ▲ 41.1% |
| Cash at bank and in hand54/58 | €37k | €27k | €43k | €64k | €45k | ▼ 30.7% |
| Deferred charges and accrued income490/1 | €5k | €2k | €5k | €9k | €10k | ▲ 14.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €238k | €190k | €167k | €191k | €192k | ▲ 0.7% |
| Equity10/15 | €2k | €-42k | €-110k | €-103k | €-69k | ▲ 33.1% |
| Contributions10/11 | €31k | €31k | €31k | €31k | €31k | = |
| Reserves13 | €66k | €66k | €66k | €66k | €66k | = |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | €3k | €3k | €3k | €3k | €3k | = |
| Tax-exempt reserves132 | €63k | €63k | €63k | €63k | €63k | = |
| Profit (loss) carried forward14 | €-95k | €-139k | €-207k | €-200k | €-166k | ▲ 17.0% |
| Amounts payable17/49 | €237k | €233k | €277k | €294k | €261k | ▼ 11.1% |
| Amounts payable within one year42/48 | €237k | €233k | €277k | €294k | €261k | ▼ 11.2% |
| Current portion of amounts payable after more than one year42 | €12k | €1k | €1k | €1k | - | - |
| Trade debts44 | €173k | €175k | €211k | €235k | €204k | ▼ 13.5% |
| Suppliers440/4 | €173k | €175k | €211k | €235k | €204k | ▼ 13.5% |
| Taxes, remuneration and social security45 | €49k | €43k | €45k | €45k | €47k | ▲ 2.8% |
| Taxes450/3 | €26k | €21k | €9k | €21k | €22k | ▲ 2.7% |
| Remuneration and social security454/9 | €23k | €23k | €36k | €25k | €25k | ▲ 2.9% |
| Other amounts payable47/48 | €2k | €13k | €20k | €12k | €10k | ▼ 10.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €211 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €-44k | €-67k | €7k | €34k | ▲ 405% |
| + Depreciation and write-downs630 | €10k | €10k | - | - | €594 | - |
| Operating cash flow (approximation) | €-713 | €-35k | €-67k | €7k | €35k | ▲ 413% |
| Investment in fixed assets (approximation) | - | €0 | €6k | €-120 | €-2k | ▼ 1,384% |
| Change in cash | - | €-10k | €16k | €22k | €-20k | ▼ 191% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2018net €34k ▲405%
Operating result €33k, net result €34k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after 5 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 20 days late
2020
31-12
Financial
Weakest financial yearnet €-90k
Net result drops to €-90k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Fosses-la-Ville · 1 establishment unit since 2000
Ground area
2,814 m²
Building footprint
350 m²
Volume, LiDAR
2,998 m³
2 parcels, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Rue Saint-Roch 59, 5070 Fosses-la-Ville
since 20002.067.016.748
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92111C0021/00H000 | Wallonia | 2,374 m² | 1 · 199 m² | 11.7 m · 3 fl. |
| 92048D0311/00M000 | Wallonia | 439 m² | 1 · 151 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 500 companies in sector 58130 we hold annual accounts for 248. 38 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
Founded22-04-1994
Fiscal year end31-12
Activities, NACEBEL 2025
58130Publishing activities
18130Pre-press and pre-media services
58190Other publishing activities, excluding software publishing
Scores and ratios are computed by Checked and are not a credit decision.