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REIN WATER

Active
Private limited companyfounded 1994active for 32 yearsPickardstraat 23, 3570 Alken, BelgiumKBO/BCE: BE 0452.416.908
Summary

REIN WATER has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €27,164. Equity has been growing by about 3.5% per year since 2018. Its solvency ranks better than 86% of 9,895 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 01-04-1994 Normal situation
Activity
Other construction installation NACE 43240and 1 other
Joint committees
149.04 Paritair Subcomité voor de metaalhandel
201 Paritair Comité voor de zelfstandige kleinhandel · annual accounts 2024
Establishment unit
2.066.359.425 3570 Alken, since 03-06-1994
Financial year end
31 December
Peppol
Reachable since 06-06-2025

Board and ownership

Board

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€781,304
▼ 1.0%
Turnover
≈ €2.1m
estimated
Profit
€27,164
▼ 62.2%
Equity
€1.1m
▲ 2.6%
Total assets
€1.4m
▲ 3.7%
Employees on 31-12-2025
14
▲ 27.3%
Filed on 16-06-2026, 45 days before the deadline
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 3.65, cash €362,661Equity €1.1m (78.0% of total assets)Founded in 1994Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 68% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 78.0% of total assets
Liquidity 78+1
short-term debt 18.8% · cash 26.5%
Profitability 71-5
return on assets 2.0%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,649 companies, NACE 43, small)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026highest value 10-2026: 0.1%● unchanged vs 09-2026highest value 11-2026: 0.1%● unchanged vs 10-2026highest value
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.65 (4.34 in 2024), above the usual 1.5. Short-term debt is 18.8% and cash 26.5% of total assets. 22% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 95% of them on solvency, 91% on liquidity, 44% on profitability and 41% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 3.65, cash €362,661
NBB · annual accounts
lowers risk · Equity €1.1m (78.0% of total assets)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 1994
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
45 days early
2024
31 days early
2023
42 days early
2022
30 days late
2021
12 days early
2020
30 days early
2019
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: More equity than 87% of companies in specialised constructionsector median €251,290 · 9,897 companies €1.1m View

Recent changes

  1. · Gazette deed Changes of role: FROEYEN Johan (director) and FROEYEN Jan (director)
  2. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as REIN WATER: other construction installation (NACE 43240). They are comparable in size and age: total assets between €1.2m and €1.7m, founded between 1987 and 2000.

CompanyTotal assetsGross margin
REIN WATER Alken€1.4m€0.8m
TRIPO Beringen€1.3m€0.7m
LERMYTTE CONSTRUCT Poperinge€1.2m€0.8m
LIFTEN DE SMET Wevelgem€1.2m€0.7m
SECURITY INFOR Watermaal-Bosvoorde€1.5m€0.9m
AGENCE IMMOBILIERE SOCIALE EVEROISE HECTOR DENIS - EVERS SOCIAAL WONINGBUREAU HECTOR DENIS Evere€1.3m€0.8m
KEUKENS VAN MOERZEKE Hamme (Vl.)€1.7m€1.1m
Full comparison

Key facts about REIN WATER

What is the company number of REIN WATER?
The company number of REIN WATER is 0452.416.908. The VAT number is the same number with BE in front: BE 0452.416.908.
Where is REIN WATER based?
The registered office is at Pickardstraat 23, 3570 Alken.Company details
What does REIN WATER do?
According to the KBO register, the main activity is other construction installation (NACE 43240).
What is the legal form of REIN WATER?
The legal form of REIN WATER is Private limited company (BV).
When was REIN WATER founded?
REIN WATER was founded on 01-04-1994.
Is REIN WATER still active?
Yes, REIN WATER is an active enterprise in the KBO register.
How many employees does REIN WATER have?
REIN WATER had an average of 10.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does REIN WATER fall under?
In its 2024 annual accounts, REIN WATER states joint committees 149.04 (Paritair Subcomité voor de metaalhandel) and 201 (Paritair Comité voor de zelfstandige kleinhandel).
What is the turnover of REIN WATER?
The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €781,304 and 45 comparable companies (NACE 432). It probably lies between €1.7m and €2.6m.
Is REIN WATER profitable?
In financial year 2025, REIN WATER made a profit of €27,164.
Where can I find the annual accounts of REIN WATER?
REIN WATER filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of REIN WATER due?
REIN WATER must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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