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REGULEC

Active
Private limited companyfounded 200323 yrs activeRue Georges Cosse, ZI, Nov. 20, 5380 Fernelmont, BelgiumKBO/BCE: BE 0479.490.202
Summary

REGULEC has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4,442 and a net result of €23,288. Equity is shrinking by ~21.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 10% of 488 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability76▲+12
Solvency26▲+8
Growth50▲+17
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 23 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
1.1%
Return on assets
5.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 488 sector peers (2025).
NBB · sector comparison
Position among 488 sector peers
Solvency
better than 10%
← weakest strongest →
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 d early
2024
35 d late
2023
22 d early
2022
97 d early
2021
17 d late
2020
30 d late
2019
59 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

REGULEC was incorporated on 5 February 2003.1 Revenue went from EUR 213,905 in 2018 to EUR 218,046 in 2022 and headcount from 0.5 full-time equivalents in 2018 to 4.3 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2022 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
€218,046▲ 13.5%
2021 · €192,040
EBIT margin
1.7%▲ 5.8pp
2021 · -4.1%
Net result
€23,288
2024 · -€9,490
Working capital
€273,058▲ 87.0%
2024 · €146,039
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, 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
Line20212022202320242025
Turnover€192,040▼ 1.7%€218,046▲ 13.5%
Operating result-€7,966€3,660-€51,597-€9,356▲ 81.9%€24,642
Net result-€8,089below the sector's middle half€3,402within the sector's middle half-€52,189below the sector's middle half-€9,490below the sector's middle half▲ 81.8%€23,288within the sector's middle half
EBIT margin-4.1%▼ 5.0pp1.7%▲ 5.8pp
Equity€39,430within the sector's middle half▼ 17.0%€42,832within the sector's middle half▲ 8.6%-€9,356below the sector's middle half-€18,846below the sector's middle half▼ 101%€4,442below the sector's middle half
Total assets€68,263within the sector's middle half▼ 10.2%€92,483within the sector's middle half▲ 35.5%€179,281within the sector's middle half▲ 93.9%€259,598within the sector's middle half▲ 44.8%€421,572within the sector's middle half▲ 62.4%
Debt€28,833▲ 1.3%€49,651▲ 72.2%€188,637▲ 280%€278,445▲ 47.6%€417,130▲ 49.8%
Working capital€38,176within the sector's middle half▼ 18.5%€41,259within the sector's middle half▲ 8.1%€38,305within the sector's middle half▼ 7.2%€146,039above the sector's middle half▲ 281%€273,058within the sector's middle half▲ 87.0%
Solvency57.8%within the sector's middle half▼ 4.8pp46.3%within the sector's middle half▼ 11.4pp-5.2%below the sector's middle half▼ 51.5pp-7.3%below the sector's middle half▼ 2.0pp1.1%below the sector's middle half▲ 8.3pp
Current ratio2.32within the sector's middle half▼ 0.321.83within the sector's middle half▼ 0.491.43within the sector's middle half▼ 0.403.09within the sector's middle half▲ 1.665.33above the sector's middle half▲ 2.24
Return on assets (ROA)-11.8%below the sector's middle half▼ 13.9pp3.7%within the sector's middle half▲ 15.5pp-29.1%below the sector's middle half▼ 32.8pp-3.7%below the sector's middle half▲ 25.5pp5.5%within the sector's middle half▲ 9.2pp
Staff (FTE)1▲ 100%1=2.4▲ 140%4.1▲ 70.8%4.3within the sector's middle half▲ 4.9%
above within below the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0€20,000Operating result 2021: -€7,966-€7,966Net result 2021: -€8,089-€8,089Operating result 2022: €3,660€3,660Net result 2022: €3,402€3,402Operating result 2023: -€51,597-€51,597Net result 2023: -€52,189-€52,189Operating result 2024: -€9,356-€9,356Net result 2024: -€9,490-€9,490Operating result 2025: €24,642€24,642Net result 2025: €23,288€23,28820212022202320242025-€60,000-€40,000-€20,000€0€20,000Operating result 2023: -€51,597-€51,600Net result 2023: -€52,189-€52,200Operating result 2024: -€9,356-€9,360Net result 2024: -€9,490-€9,490Operating result 2025: €24,642€24,600Net result 2025: €23,288€23,300202320242025
The operating result returns to profit in 2025: €24,642 after a loss of €9,356 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €421,572
Fixed assets €85,436 ▲ 95.4%
Current assets €336,136 ▲ 55.7%
Equity and liabilities €421,572
Equity €4,442
Debt €417,130
Debt finances 98.9% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€44,780▲
2024 · €5,092
Cash flow
€43,426▲
2024 · €4,958
Quick ratio
4.99▲
2024 · 2.78
Debt to equity
93.91▲
2024 · -14.77
ROE
524.3%
Interest coverage
32.86▲
2024 · 12.29
Debt ≤ 1 year
€63,077▼
2024 · €69,845
Debt > 1 year
€350,000▲
2024 · €200,000
Income taxes
€4
Staff costs
€272,113▼
2024 · €311,627
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 928 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
4.5% stopped otherwise
93% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 928 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€259,598€421,572▲
Fixed assets21/28€43,714€85,436▲
Tangible fixed assets22/27€41,094€82,801▲
Plant, machinery and equipment23€430€3,238▲
Furniture and vehicles24€40,665€79,563▲
Financial fixed assets28€2,620€2,635▲
Current assets29/58€215,884€336,136▲
Stocks and contracts in progress3€21,457€21,117▼
Stocks30/36€21,457€21,117▼
Amounts receivable within one year40/41€139,002€141,228▲
Trade receivables40€129,644€111,818▼
Other amounts receivable41€9,358€29,411▲
Cash at bank and in hand54/58€53,104€167,950▲
Deferred charges and accrued income490/1€2,322€5,840▲
Equity and liabilities
Total equity and liabilities10/49€259,598€421,572▲
Equity10/15-€18,846€4,442▲
Contributions10/11€12,400€12,400=
Reserves13€17,453€17,453=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Tax-exempt reserves132€15,593€15,593=
Profit (loss) carried forward14-€48,699-€25,411▲
Amounts payable17/49€278,445€417,130▲
Amounts payable after more than one year17€200,000€350,000▲
Other amounts payable178/9€200,000€350,000▲
Amounts payable within one year42/48€69,845€63,077▼
Trade debts44€20,148€42,746▲
Suppliers440/4€20,148€42,746▲
Taxes, remuneration and social security45€49,697€20,331▼
Taxes450/3-€1,677
Remuneration and social security454/9€49,697€18,654▼
Accrued charges and deferred income492/3€8,600€4,053▼
Income statement Code20242025
Remuneration, social security and pensions62€311,627€272,113▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,448€20,138▲
Other operating charges640/8€813€1,414▲
Gross operating margin9900€317,532€318,307▲
Operating profit (loss)9901-€9,356€24,642▲
Financial income75/76B€280€13▼
Recurring financial income75€280€13▼
Financial charges65/66B€414€1,363▲
Recurring financial charges65€414€1,363▲
Profit (loss) for the period before taxes9903-€9,490€23,292▲
Income taxes67/77-€4
Profit (loss) for the period9904-€9,490€23,288▲
Profit (loss) for the period to be appropriated9905-€9,490€23,288▲
Appropriation of the result
Profit (loss) to be appropriated9906-€48,699-€25,411▲
Profit (loss) brought forward from the previous period14P-€39,210-€48,699▼
Social balance
Average headcount (FTE)9087-4.3

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€192,040€218,046----
Goods, raw materials, services and sundry goods60/61€177,719€192,493----
Remuneration, social security and pensions62€23,262€23,346€212,107€311,627€272,113▼ 12.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€428€636€7,519€14,448€20,138▲ 39.4%
Other operating charges640/8€128€117€764€813€1,414▲ 73.9%
Non-recurring operating charges66A€312€116----
Gross operating margin9900€16,164€27,875€168,793€317,532€318,307▲ 0.2%
Operating profit (loss)9901-€7,966€3,660-€51,597-€9,356€24,642▲ 363%
Financial income75/76B-€5€1€280€13▼ 95.4%
Recurring financial income75-€5€1€280€13▼ 95.4%
Non-recurring financial income76B--€1---
Financial charges65/66B€123€263€593€414€1,363▲ 229%
Recurring financial charges65€123€263€593€414€1,363▲ 229%
Profit (loss) for the period before taxes9903-€8,089€3,402-€52,189-€9,490€23,292▲ 345%
Income taxes67/77----€4-
Profit (loss) for the period9904-€8,089€3,402-€52,189-€9,490€23,288▲ 345%
Profit (loss) for the period to be appropriated9905-€8,089€3,402-€52,189-€9,490€23,288▲ 345%
Line20212022202320242025Change
Assets
Total assets20/58€68,263€92,483€179,281€259,598€421,572▲ 62.4%
Fixed assets21/28€1,265€1,573€52,362€43,714€85,436▲ 95.4%
Tangible fixed assets22/27€1,215€1,523€52,312€41,094€82,801▲ 101%
Plant, machinery and equipment23€691€992€624€430€3,238▲ 654%
Furniture and vehicles24€524€531€51,688€40,665€79,563▲ 95.7%
Financial fixed assets28€50€50€50€2,620€2,635▲ 0.6%
Current assets29/58€66,998€90,910€126,919€215,884€336,136▲ 55.7%
Stocks and contracts in progress3€18,967€18,827€15,583€21,457€21,117▼ 1.6%
Stocks30/36€18,967€18,827€15,583€21,457€21,117▼ 1.6%
Amounts receivable within one year40/41€27,168€49,489€58,640€139,002€141,228▲ 1.6%
Trade receivables40€20,265€44,162€42,963€129,644€111,818▼ 13.7%
Other amounts receivable41€6,903€5,327€15,677€9,358€29,411▲ 214%
Cash at bank and in hand54/58€19,474€21,322€51,939€53,104€167,950▲ 216%
Deferred charges and accrued income490/1€1,389€1,272€757€2,322€5,840▲ 152%
Equity and liabilities
Total equity and liabilities10/49€68,263€92,483€179,281€259,598€421,572▲ 62.4%
Equity10/15€39,430€42,832-€9,356-€18,846€4,442▲ 124%
Contributions10/11€12,400€12,400€12,400€12,400€12,400=
Reserves13€17,453€17,453€17,453€17,453€17,453=
Non-distributable reserves130/1€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860€1,860€1,860€1,860=
Tax-exempt reserves132€15,593€15,593€15,593€15,593€15,593=
Profit (loss) carried forward14€9,577€12,979-€39,210-€48,699-€25,411▲ 47.8%
Amounts payable17/49€28,833€49,651€188,637€278,445€417,130▲ 49.8%
Amounts payable after more than one year17--€100,000€200,000€350,000▲ 75.0%
Other amounts payable178/9--€100,000€200,000€350,000▲ 75.0%
Amounts payable within one year42/48€28,822€49,651€88,614€69,845€63,077▼ 9.7%
Trade debts44€17,573€38,914€67,523€20,148€42,746▲ 112%
Suppliers440/4€17,573€38,914€67,523€20,148€42,746▲ 112%
Taxes, remuneration and social security45€11,249€10,737€21,090€49,697€20,331▼ 59.1%
Taxes450/3€7,264€7,751--€1,677-
Remuneration and social security454/9€3,985€2,986€21,090€49,697€18,654▼ 62.5%
Accrued charges and deferred income492/3€11-€23€8,600€4,053▼ 52.9%
Line20212022202320242025Change
Profit (loss) for the period9904-€8,089€3,402-€52,189-€9,490€23,288▲ 345%
+ Depreciation and write-downs630€428€636€7,519€14,448€20,138▲ 39.4%
Operating cash flow (approximation)-€7,661€4,038-€44,670€4,958€43,426▲ 776%
Investment in fixed assets (approximation)--€944-€58,308-€5,800-€61,860▼ 967%
Change in cash-€1,848€30,617€1,165€114,846▲ 9,760%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
13-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Back to profitnet €23,288
Net result €23,288 after 2 loss-making years.
04-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
31-12
Financial Liquidity doublescurrent ratio 3.09
Current ratio from 1.43 to 3.09; short-term debt falls from €88,614 to €69,845.
09-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€52,189
Net result drops to -€52,189, the lowest in the series; recovery starts the following year.
25-04
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €3,402
Net result €3,402 after one loss-making year.
17-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial Back to profitnet €1,557
Net result €1,557 after one loss-making year.
28-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
Show earlier events
2019
21-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
19-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 19 days late
2017
23-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 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, Fernelmont · 1 establishment unit since 2003
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue Georges Cosse, ZI, Nov. 205380 Fernelmont
1 establishment unit
Rue Georges Cosse, ZI, Nov. 20, 5380 Fernelmont
NACE 45310
since 20032.126.881.782

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Leo Special Building Techniques 100%
  2. REGULEC

Highest known parent: Leo Special Building Techniques. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 1,226 companies in sector 33200 we hold annual accounts for 679. 176 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
Founded05-02-2003
Fiscal year end31-12
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0479490202
Also 9925:BE0479490202
Registered 24-07-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.