REICO
ActiveSummary
REICO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122k and a net result of €-5k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 79% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+1
Solvency100▲+26
Growth35▼-3
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
78.1%
Return on assets
-3%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €122k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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
2 d late
2024
3 d late
2023
7 d early
2022
40 d early
2021
4 d early
2020
25 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€4k▼ 32.8%
2024 · €5k
2019: €70k
2020: €24k
2021: €18k
2022: €14k
2023: €25k
2024: €5k
2019 → 2025
EBIT margin
503.1%▲ 495.0pp
2024 · 8.1%
2019: -0.7%
2020: -22.8%
2021: -0.5%
2022: 19.3%
2023: -10.4%
2024: 8.1%
2019 → 2025
Net result
€-5k▼ 199%
2024 · €-2k
2019: €-2k
2020: €-8k
2021: €-2k
2022: €3k
2023: €-3k
2024: €-2k
2019 → 2025
Working capital
€62k▲ 11.0%
2024 · €56k
2019: €59k
2020: €66k
2021: €51k
2022: €49k
2023: €37k
2024: €56k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€18k-€14k▼ 21.2%€25k▲ 77.7%€5k▼ 78.3%€4k▼ 32.8%
Equity€82k-€85k▲ 4.0%€83k▼ 2.9%€82k▼ 1.2%€122k▲ 50.0%
Operating result€-84-€3k€-3k€442€18k▲ 4,054%
Net result€-2k-€3k€-3k€-2k▲ 48.4%€-5k▼ 199%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4,054% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157k
Fixed assets
€79k ▼ 15.6%
Current assets
€77k ▲ 8.5%
Equity and liabilities €157k
Equity
€122k ▲ 50.0%
Provisions
€5k ▼ 91.0%
Debt
€30k ▼ 11.3%
Debt's share of the balance-sheet total falls from 20.4% to 19.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▲
2024 · €19k
Cash flow
€10k▼
2024 · €17k
Current ratio
5.00▲
2024 · 4.58
Quick ratio
4.87▲
2024 · 4.02
Debt to equity
0.24▼
2024 · 0.41
ROE
-3.9%▼
2024 · -2.0%
ROA
-3.0%▼
2024 · -1.0%
Interest coverage
9.73▲
2024 · 5.62
Debt ≤ 1 year
€15k▼
2024 · €16k
Income taxes
€20k▲
2024 · €-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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€165k€157k▼
Fixed assets21/28€94k€79k▼
Tangible fixed assets22/27€94k€79k▼
Land and buildings22€35k€35k=
Plant, machinery and equipment23€41k€33k▼
Furniture and vehicles24€15k€10k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€390€390=
Current assets29/58€71k€77k▲
Stocks and contracts in progress3€9k€2k▼
Stocks30/36€9k€2k▼
Amounts receivable within one year40/41€24k€31k▲
Trade receivables40€3k€3k▲
Other amounts receivable41€21k€28k▲
Current investments50/53€26k€26k=
Cash at bank and in hand54/58€12k€18k▲
Equity and liabilities
Total equity and liabilities10/49€165k€157k▼
Equity10/15€82k€122k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€66k€110k▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€16k€14k▼
Distributable reserves133€49k€94k▲
Profit (loss) carried forward14€-3k€-6k▼
Provisions and deferred taxes16€50k€5k▼
Provisions for liabilities and charges160/5€45k-
Other liabilities and charges164/5€45k-
Deferred taxes168€5k€5k▼
Amounts payable17/49€34k€30k▼
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€16k€15k▼
Current portion of amounts payable after more than one year42€13k€4k▼
Trade debts44€953€503▼
Suppliers440/4€953€503▼
Taxes, remuneration and social security45€1k€11k▲
Taxes450/3€1k€11k▲
Accrued charges and deferred income492/3€14k€14k=
Income statement
Code20242025
Turnover70€5k€4k▼
Non-recurring operating income76A€61k€75k▲
Goods, raw materials, services and sundry goods60/61€35k€34k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€15k▼
Other operating charges640/8€10k€11k▲
Gross operating margin9900€29k€44k▲
Operating profit (loss)9901€442€18k▲
Financial income75/76B€6€56▲
Recurring financial income75€6€56▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-3k€15k▲
Transfer from deferred taxes780€267-
Income taxes67/77€-1k€20k▲
Profit (loss) for the period9904€-2k€-5k▼
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€346€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-6k▼
Profit (loss) brought forward from the previous period14P€-3k€-3k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Equity above €100kEq €122k ▲50%
Equity rises from €82k to €122k.
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 1986
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.
Marcel Broodthaersplein 81060 Sint-Gillis (bij-Brussel)Ground area
3,443 m²
Building footprint
2,970 m²
Volume, LiDAR
72,379 m³
2 parcels, Brussels · tallest building 49.4 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
Félix De Cuyperstraat 60, 1070 Anderlecht
since 19862.110.941.021
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0411/00A002 | Brussels | 2,707 m² | 1 · 2,234 m² | 49.4 m · 10 fl. |
| 21306C0118/00N000 | Brussels | 736 m² | 1 · 736 m² | 11.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Twenthe Group
BE 0716.768.632
Deerlijk · Eq €124,081
Business 4CE
BE 0477.822.592
Tremelo · Eq €125,407
Reijnen Textiel digitaal
BE 0422.135.288
Lille · Eq €118,389
VANDEWOUDE
BE 0423.536.741
Aalst · Eq €117,966
HOBECON
BE 0475.258.428
Evergem · Eq €127,196
Of 687 companies in sector 46412 we hold annual accounts for 517. 394 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-01-1986
Fiscal year end30-06
Activities, NACEBEL 2025
46412Wholesale of household textiles and bedding
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.