REIN4CED
Timeline
39 events since 2015Board
Capital
Filings
Financial
Establishments
Insolvency
Address
201620182020202220242026
2026
Bankruptcy published Enterprise Court of Leuven · judgment of 29-12-2025
2025
Capital increase of €674,990 to €8,653,916.26Capital from €7,978,926.26 to €8,653,916.26, 67,499 new shares4 points ▸
- Capital increase, €674,990
- Capital, €8,653,916.26, 395,486 shares
- Amendment of the articles, article 5
- Power of attorney, Tim CARNEWAL
- The deed holds 2 more points.
Resignation: INVEST FOR JOBS (director)Capital from €6,403,121.19 to €6,753,936.26, 52,620 new shares · Capital from €6,753,936.26 to €7,978,926.26, 122,499 new shares · Contributions: FININDUS NV (€175,479.45); Capricorn SCF NV (€109,584.91); QUEST FOR GROWTH NV (€65,750.71) · General meeting of 18-07-202514 points ▸
- General meeting, 18-07-2025
- Capital contribution, €175,479.45
- Capital contribution, €109,584.91
- Capital contribution, €65,750.71
- Capital increase, €350,815.07
- Capital increase, €1,224,990, mentioned twice in the deed
- Amendment of the articles, article 5
- Capital, €7,978,926.26
- Director resignation, INVEST FOR JOBS
- Board composition, CAPRICORN PARTNERS (director)
- Board composition, DDBCO (director)
- Board composition, PARTICIPATIEMAATSCHAPPIJ VLAANDEREN (director)
- Board composition, MG CALLENS (founder and director)
- Auditor report, 17-07-2025
- The deed holds 17 more points.
Capital increase of €6,003,902.39 to €6,403,121.19Capital from €399,218.80 to €6,403,121.19, 150,095 new shares · General meeting of 07-07-20259 points ▸
- General meeting, 07-07-2025
- Auditor report, 04-07-2025
- Capital contribution, €2,192,359.01
- Capital contribution, €1,694,027.20
- Capital contribution, €1,016,411.65
- Capital contribution, €394,401.92
- Capital contribution, €706,702.60
- Financial instrument, 6, 09-12-2020
- Capital increase, €6,003,902.39
- The deed holds 12 more points.
Annual accounts 2024 filed PDFabbreviated format · 59 days before the deadline
2024
Annual accounts 2023 filed PDFabbreviated format · 5 days before the deadline
Amendment of the articlesFININDUS holds 121,839 shares · CAPRICORN SUSTAINABLE CHEMISTRY FUND holds 94,112 shares · QUEST FOR GROWTH holds 56,467 shares · General meeting of 11-07-202422 points ▸
- General meeting, 11-07-2024
- FININDUS holds 121,839 shares
- CAPRICORN SUSTAINABLE CHEMISTRY FUND holds 94,112 shares
- QUEST FOR GROWTH holds 56,467 shares
- INVEST FOR JOBS holds 76,004 shares
- FININDUS holds 487,356 shares
- CAPRICORN SUSTAINABLE CHEMISTRY FUND holds 376,448 shares
- QUEST FOR GROWTH holds 225,868 shares
- INVEST FOR JOBS holds 304,016 shares
- Amendment of the articles, article 5
- Kind of shares, 150,000, 5357
- 2,772,500 shares
- CALLENS Michaël Guy Annie Emmanuël Martine holds 75,000 shares
- KATHOLIEKE UNIVERSITEIT LEUVEN holds 13,334 shares
- GEMMA FRISIUS – FONDS K.U. LEUVEN holds 130,701 shares
- FININDUS holds 788,708 shares
- INNOVATION FUND holds 173,683 shares
- CAPRICORN SUSTAINABLE CHEMISTRY FUND holds 551,287 shares
- QUEST FOR GROWTH holds 330,771 shares
- PARTICIPATIEMAATSCHAPPIJ VLAANDEREN holds 245,443 shares
- INVEST FOR JOBS holds 463,573 shares
- Capital, €399,218.80, 2,772,500 shares
- The deed holds 15 more points.
Capital increase of €0.05 to €399,218.80Capital from €399,218.75 to €399,218.80, 130,359 new shares · Reappointment: PKF Bofidi Audit (statutory auditor) · General meeting of 03-05-20248 points ▸
- General meeting, 03-05-2024
- Power of attorney, Sabine HERMANT (lasthebber)
- Capital increase, €0.05
- Capital, €399,218.80
- Amendment of the articles, article 5
- Power of attorney, Charlotte VAN CAUWELAERT
- General meeting, 12-06-2023
- Auditor reappointment, PKF Bofidi Audit (statutory auditor)
- The deed holds 8 more points.
2023
Resignation: LK Investment BV (director)Permanent representative: Luc Kindt2 points ▸
- Director resignation, LK Investment BV
- Permanent representative, Luc Kindt
- The deed holds 1 more point.
Annual accounts 2022 filed PDFabbreviated format · 33 days before the deadline
Capital increase of €75,987.25 to €399,218.75Capital from €323,231.50 to €399,218.75, 303,949 new shares · Resignations: William François Maria FYEN (director) and Alexis PONNOURADJOU (director) · FININDUS holds 85,269 shares · General meeting of 17-05-202319 points ▸
- General meeting, 17-05-2023, mentioned twice in the deed
- Capital increase, €75,987.25
- FININDUS holds 85,269 shares
- CAPRICORN SUSTAINABLE CHEMISTRY FUND holds 65,864 shares
- QUEST FOR GROWTH holds 39,518 shares
- PARTICIPATIEMAATSCHAPPIJ VLAANDEREN holds 60,107 shares
- INVEST FOR JOBS holds 53,191 shares
- Capital, €399,218.75
- Amendment of the articles, article 5
- Auditor report, 11-05-2023, mentioned twice in the deed
- FININDUS holds 5 shares, mentioned twice in the deed
- CAPRICORN SUSTAINABLE CHEMISTRY FUND holds 5 shares, mentioned twice in the deed
- QUEST FOR GROWTH holds 5 shares, mentioned twice in the deed
- PARTICIPATIEMAATSCHAPPIJ VLAANDEREN holds 5 shares, mentioned twice in the deed
- INVEST FOR JOBS holds 5 shares, mentioned twice in the deed
- Capital increase, €tot beloop van de ingezamelde inschrijvingen
- Capital, €399,218.75, 1,596,875 shares
- Director resignation, William François Maria FYEN
- Director resignation, Alexis PONNOURADJOU
- The deed holds 24 more points.
New chief executive officer, oftewel persoon belast met het dagelijks bestuurYeYe appointed, MG Callens resigned · Permanent representatives: Michaël Callens and Johan Miermans · Board meeting of 06-12-20225 points ▸
- Board meeting, 06-12-2022
- Director resignation, MG Callens (chief executive officer (ceo), oftewel gedelegeerd bestuurder)
- Permanent representative, Michaël Callens
- Director appointment, YeYe (chief executive officer (ceo), oftewel persoon belast met het dagelijks bestuur)
- Permanent representative, Johan Miermans
2022
Weakest financial year net -€7.3m The net result drops to -€7.3m, the lowest from 2015 to 2024.
Annual accounts 2021 filed PDFabbreviated format · 59 days before the deadline
Capital increase of €79,778.50 to €323,231.50Capital from €243,453 to €323,231.50, 319,114 new shares · Appointments: INVEST FOR JOBS (director) and PARTICIPATIEMAATSCHAPPIJ VLAANDEREN (director) · Permanent representatives: Nils NIJS and Lieven DE JONGE · General meeting of 08-04-202212 points ▸
- General meeting, 08-04-2022
- Capital increase, €tot beloop van de ingezamelde inschrijvingen
- Director appointment, INVEST FOR JOBS (director (not named in the articles))
- Director appointment, PARTICIPATIEMAATSCHAPPIJ VLAANDEREN (director (not named in the articles))
- Permanent representative, Nils NIJS
- Permanent representative, Lieven DE JONGE
- Capital, €323,231.50, 1,292,926 shares
- Power of attorney, Michelle Werbrouck
- Power of attorney, Maxim Van Eeckhout
- Power of attorney, Olivier Van Raemdonck
- Capital increase, €79,778.50
- Amendment of the articles, article 5
- The deed holds 10 more points.
Capital increase of €79,778 to €243,453Capital from €163,675 to €243,453, 319,112 new shares · Contributions: GEMMA FRISIUS – FONDS K.U. LEUVEN (€5,318.50, 21,274 shares); KATHOLIEKE UNIVERSITEIT LEUVEN (€1,994.25, 7,977 shares); FININDUS (€26,463.50, 105,854 shares); and 3 others · GEMMA FRISIUS – FONDS K.U. LEUVEN holds 5 shares · General meeting of 24-12-202126 points ▸
- General meeting, 24-12-2021, mentioned twice in the deed
- Capital contribution, €5,318.50
- Capital contribution, €1,994.25
- Capital contribution, €26,463.50
- Capital contribution, €13,296.25
- Capital contribution, €20,441
- Capital contribution, €12,264.50
- Capital, €243,453, mentioned twice in the deed
- Amendment of the articles, article 5
- GEMMA FRISIUS – FONDS K.U. LEUVEN holds 5 shares, mentioned twice in the deed
- KATHOLIEKE UNIVERSITEIT LEUVEN holds 5 shares, mentioned twice in the deed
- FININDUS holds 5 shares, mentioned twice in the deed
- INNOVATION FUND holds 5 shares, mentioned twice in the deed
- CAPRICORN SUSTAINABLE CHEMISTRY FUND holds 5 shares, mentioned twice in the deed
- QUEST FOR GROWTH holds 5 shares, mentioned twice in the deed
- Financial instrument, 6, 18,005,441
- Michaël CALLENS holds 2 shares
- Niels DE GREEF holds 2 shares
- Dave LUYCKX holds 2 shares
- Capital increase, €79,778
- GEMMA FRISIUS – FONDS K.U. LEUVEN holds 21,274 shares
- KATHOLIEKE UNIVERSITEIT LEUVEN holds 7,977 shares
- FININDUS holds 105,854 shares
- INNOVATION FUND holds 53,185 shares
- CAPRICORN SUSTAINABLE CHEMISTRY FUND holds 81,746 shares
- QUEST FOR GROWTH holds 47,848 shares
- The deed holds 11 more points.
2021
Liquidity more than 15 times current ratio 1.91 The current ratio rises from 0.12 to 1.91. Short-term debt falls from €5.2m to €3.7m.
Equity above €5m equity €8.4m Equity rises from -€1.3m to €8.4m.
Annual accounts 2020 filed PDFmicro format · 4 days late
1 director appointed, 7 resignations, 5 reappointments39,912 new shares · 50,983 new shares · Capital from €128,205.50 to €163,675, 141,878 new shares · General meeting of 01-04-202135 points ▸
- General meeting, 01-04-2021
- Power of attorney, Thalia WIJONO, mentioned 10 times in the deed
- Capital, €128,205.50, 512,822 shares
- Amendment of the articles, article 5, mentioned 3 times in the deed
- Capital increase, €35,469.50
- Share issue, €39,912
- Share issue, €50,983, mentioned twice in the deed
- Capital, €163,675, mentioned twice in the deed
- Capital increase, €4,138,031.99, mentioned twice in the deed
- Capital decrease, €4,138,031.99
- CAPRICORN SUSTAINABLE CHEMISTRY FUND holds 5 shares, mentioned twice in the deed
- QUEST FOR GROWTH holds 5 shares, mentioned twice in the deed
- Financial instrument, 5, subscription, mentioned 5 times in the deed
- GEMMA FRISIUS – FONDS K.U. LEUVEN holds 5 shares
- FININDUS holds 5 shares
- INNOVATION FUND holds 5 shares
- Capital increase, €tot beloop van de ingezamelde inschrijvingen, mentioned twice in the deed
- Director resignation, MG Callens BV
- Director resignation, De Greef M&C BV
- Director resignation, Make Carbon Work BV
- Director resignation, William François Maria FYEN
- Director resignation, Alexis PANNOURADJOU
- Director resignation, LK INVESTMENT BV
- Director resignation, DDB Management Services BV
- Director reappointment, MG Callens BV (director (not named in the articles))
- Director reappointment, William François Maria FYEN (director (not named in the articles))
- Director reappointment, Alexis PANNOURADJOU (director (not named in the articles))
- Director reappointment, LK INVESTMENT BV (director (not named in the articles))
- Director reappointment, DDB Management Services BV (director (not named in the articles))
- Director appointment, CAPRICORN PARTNERS NV (director (not named in the articles))
- Capital increase, €37,230
- Permanent representative, Jeroen Rans
- GEMMA FRISIUS – FOND K.U.LEUVEN is a shareholder
- FININDUS is a shareholder
- INNOVATION FUND is a shareholder
- The deed holds 23 more points.
2020
Capital increase of €42,812General meeting of 14-12-20206 points ▸
- General meeting, 14-12-2020
- Capital, €90,975.50, 363,902 shares
- Power of attorney, Bestuurders (onbenoemd)
- Power of attorney, Twee bestuurders (onbenoemd)
- Share class breakdown, 150,000, 5357
- Capital increase, €42,812
- The deed holds 6 more points.
Appointment: BB3 audit BV (statutory auditor)Mandate compensation: BB3 audit BV · General meeting of 04-05-20203 points ▸
- General meeting, 04-05-2020
- Auditor appointment, BB3 audit BV (statutory auditor)
- Mandate compensation, BB3 audit BV
Annual accounts 2019 filed PDFmicro format · 3 days late
2019
Annual accounts 2018 filed PDFmicro format · 27 days before the deadline
Registered office moved from Steenokkerzeel to WinkseleNew registered office: Diependaalweg 4A, 3020 Winksele · Previous registered office: LESAGESTRAAT 38 bus A, 1820 Steenokkerzeel, België · Board meeting of 17-12-20182 points ▸
- Board meeting, 17-12-2018
- Registered-office move, Diependaalweg 4A, 3020 Winksele
2018
Equity above €1m equity €1.2m ▲106% Equity rises from €596,311 to €1.2m.
Capital increase of €25,829.25Capital from 65146.25 to 90975.50, 103,317 new shares · General meeting of 15-10-20185 points ▸
- General meeting, 15-10-2018
- Capital increase, €25,829.25
- Capital, €90,975.50
- Power of attorney, REIN4CED
- Power of attorney, CRESCO ADVOCATEN CVBA
1 director appointed, 1 resignationResignation: TKMC BVBA · Appointment: DDB Management Services BVBA · Permanent representative: Dirk de Boever · Board meeting of 26-06-20184 points ▸
- Board meeting, 26-06-2018
- Director resignation, TKMC BVBA
- Director appointment, DDB Management Services BVBA
- Permanent representative, Dirk de Boever, mentioned twice in the deed
Annual accounts 2017 filed PDFmicro format · 7 days late
Appointment: MG Callens BVBA (CEO and managing director)Permanent representative: Michaël Callens · Board meeting of 21-12-20174 points ▸
- Board meeting, 21-12-2017
- Director appointment, MG Callens BVBA (CEO and managing director)
- Permanent representative, Michaël Callens
- Director appointment, MG Callens BVBA (day-to-day manager)
7 directors appointed, 3 managers resigningCapital from €37,500 to €60,733.50, 92,934 new shares · Capital from €60,733.50 to €63,807, 12,294 new shares · Capital from €63,807 to €65,146.25, 5,357 new shares · General meeting of 15-12-201729 points ▸
- General meeting, 15-12-2017
- Net-asset statement, 30-09-2017
- Capital increase, €23,233.50
- Capital increase, €3,073.50
- Capital increase, €1,339.25
- Legal-form conversion, from private limited company (pre-2019) to public limited company
- Capital, €65,146.25, 260,585 shares
- Director resignation, Michaël CALLENS (manager)
- Director resignation, Niels DE GREEF (manager)
- Director resignation, Dave LUYCKX (manager)
- Director discharge, Michaël CALLENS
- Director discharge, Niels DE GREEF
- Director discharge, Dave LUYCKX
- Director appointment, MG Callens BVBA (class A director)
- Permanent representative, Michaël CALLENS
- Director appointment, De Greef M&C BVBA (class A director)
- Permanent representative, Niels DE GREEF
- Director appointment, Make Carbon Work BVBA (class A director)
- Permanent representative, Dave LUYCKX
- Director appointment, William François Maria FYEN (class C director)
- Director appointment, TKMC BVBA (class C director)
- Permanent representative, Dirk DE BOEVER
- Director appointment, Alexis PONNOURADJOU (class C director)
- Director appointment, LK INVESTMENT BVBA
- Permanent representative, Luc KINDT
- Power of attorney, CRESCO ADVOCATEN CVBA
- Share split, 1000, 50,000
- Total contribution, €980,491.63
- Power of attorney, REIN4CED
- The deed holds 9 more points.
2017
Liquidity more than 19 times current ratio 3.03 The current ratio rises from 0.16 to 3.03.
Equity above €500,000 equity €596,311 Equity rises from -€167,661 to €596,311.
Annual accounts 2016 filed PDFmicro format · on the deadline day
Capital increase of €12,500Capital from 25000.00 EUR to 37500.00 EUR, 50 new shares · Appointment: Dave LUYCKX (manager) · General meeting of 18-01-20175 points ▸
- General meeting, 18-01-2017
- Capital increase, €12,500
- Capital, €37,500, 150 shares
- Director appointment, Dave LUYCKX (manager)
- Power of attorney, REIN4CED
2016
Resignation: Meerten Yannick (manager)General meeting of 19-08-20164 points ▸
- General meeting, 19-08-2016
- Director resignation, Meerten Yannick (manager)
- Board composition, Callens Michael (manager)
- Board composition, De Greef Niels (manager)
Annual accounts 2015 filed PDFabbreviated format · 67 days before the deadline
2015
IncorporationFounding capital of €25,000, 100 shares · Founders: CALLENS Michaël Guy Annie Emmanuël Martine, DE GREEF Niels and MEERTEN Yannick · Appointments: CALLENS Michaël Guy Annie Emmanuël Martine, DE GREEF Niels and MEERTEN Yannick · published on 18-02-201511 points ▸
- Founding capital, €25,000, 100 shares
- Director appointment, CALLENS Michaël Guy Annie Emmanuël Martine (manager)
- Director appointment, DE GREEF Niels (manager)
- Director appointment, MEERTEN Yannick (manager)
- Mandate compensation, CALLENS Michaël Guy Annie Emmanuël Martine
- Mandate compensation, DE GREEF Niels
- Mandate compensation, MEERTEN Yannick
- Power of attorney, ROMBOUTS
- Founder, CALLENS Michaël Guy Annie Emmanuël Martine
- Founder, DE GREEF Niels
- Founder, MEERTEN Yannick
First establishment Diependaalweg 4A, Herent
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 6 February 2015, REIN4CED was incorporated by three natural persons, with a starting capital of €25,000.12 The capital was increased 12 times between 2017 and 2025, most recently to €8.7m.345 In 2019 the registered office moved to Winksele.6 Of the 2 current board members, CAPRICORN PARTNERS has served longest, since 2021.7 Total assets went from €1.5m in 2018 to €9.2m in 2024 and headcount from 3.5 to 32 full-time equivalents.8 The company was declared bankrupt on 29 December 2025.9
- 1KBO register
- 2Belgian Official Gazette, 18-02-2015
- 3Belgian Official Gazette, 03-02-2017
- 4Belgian Official Gazette, 04-08-2025
- 5Belgian Official Gazette, 10-11-2025
- 6Belgian Official Gazette, 28-02-2019
- 7National Bank, annual accounts 2024
- 8National Bank, annual accounts 2018 and 2024
- 9Belgian Official Gazette, 05-01-2026