REINA
ActiveSummary
REINA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €172k and a net result of €-39k. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 77% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-1
Solvency92▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.31 against 1.61 in 2024; short-term debt: 8.8% and cash: 2.5% of total assets), and 33% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-39k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-03-2026, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
41 d early
2024
1 d early
2023
on the day
2022
2 d early
2021
1 d early
2020
on the day
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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€172k▼ 18.5%
2024 · €211k
Total assets
€256k▼ 16.3%
2024 · €306k
Net result
€-39k▲ 11.1%
2024 · €-44k
Working capital
€-15k
2024 · €16k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-28k▲ 41.6%€-14k▲ 52.3%€81k€-43k€-38k▲ 11.9%
Net result€-33k▲ 38.2%€-18k▲ 45.8%€83k€-44k€-39k▲ 11.1%
Equity€189k▼ 14.7%€171k▼ 9.4%€255k▲ 48.7%€211k▼ 17.2%€172k▼ 18.5%
Total assets€466k▼ 3.0%€429k▼ 7.9%€362k▼ 15.6%€306k▼ 15.5%€256k▼ 16.3%
Debt€242k▲ 8.9%€224k▼ 7.4%€77k▼ 65.5%€66k▼ 14.7%€56k▼ 14.7%
Working capital€-18k€-37k▼ 108%€60k€16k▼ 72.4%€-15k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €38k in 2025 against €43k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €256k
Fixed assets
€249k ▼ 5.0%
Current assets
€7k ▼ 83.8%
Equity and liabilities €256k
Equity
€172k ▼ 18.5%
Provisions
€28k ▼ 3.9%
Debt
€56k ▼ 14.7%
Debt's share of the balance-sheet total rises from 21.5% to 21.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-20k▲
2024 · €-25k
Cash flow
€-21k▲
2024 · €-26k
Current ratio
0.31▼
2024 · 1.61
Debt to equity
0.33▲
2024 · 0.31
ROE
-22.7%▼
2024 · -20.8%
ROA
-15.2%▼
2024 · -14.3%
Interest coverage
-10.03▲
2024 · -14.00
Debt ≤ 1 year
€22k▼
2024 · €27k
Debt > 1 year
€34k▼
2024 · €37k
Income taxes
€140▲
2024 · €135
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | €124k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €25k | €17k | €18k | €18k | ▼ 0.2% |
| Other operating charges640/8 | €3k | €3k | €3k | €4k | €4k | ▼ 3.0% |
| Non-recurring operating charges66A | - | - | €2k | - | - | - |
| Gross operating margin9900 | €-2k | €15k | €103k | €-22k | €-17k | ▲ 22.9% |
| Operating profit (loss)9901 | €-28k | €-14k | €81k | €-43k | €-38k | ▲ 11.9% |
| Financial income75/76B | €85 | €27 | €2k | - | - | - |
| Recurring financial income75 | €85 | €27 | €2k | - | - | - |
| Financial charges65/66B | €6k | €5k | €3k | €2k | €2k | ▲ 11.8% |
| Recurring financial charges65 | €6k | €5k | €3k | €2k | €2k | ▲ 11.8% |
| Profit (loss) for the period before taxes9903 | €-34k | €-19k | €80k | €-45k | €-40k | ▲ 10.9% |
| Transfer from deferred taxes780 | €1k | €1k | €4k | €1k | €1k | = |
| Income taxes67/77 | €143 | €117 | €129 | €135 | €140 | ▲ 3.1% |
| Profit (loss) for the period9904 | €-33k | €-18k | €83k | €-44k | €-39k | ▲ 11.1% |
| Transfer from tax-exempt reserves789 | €5k | €5k | €14k | €5k | €5k | = |
| Profit (loss) for the period to be appropriated9905 | €-27k | €-12k | €98k | €-39k | €-34k | ▲ 12.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €466k | €429k | €362k | €306k | €256k | ▼ 16.3% |
| Fixed assets21/28 | €410k | €389k | €266k | €262k | €249k | ▼ 5.0% |
| Tangible fixed assets22/27 | €410k | €389k | €266k | €262k | €249k | ▼ 5.0% |
| Land and buildings22 | €379k | €366k | €242k | €244k | €238k | ▼ 2.4% |
| Plant, machinery and equipment23 | €9k | €6k | €2k | €1k | €502 | ▼ 52.2% |
| Furniture and vehicles24 | €22k | €17k | €22k | €17k | €10k | ▼ 39.4% |
| Current assets29/58 | €56k | €40k | €97k | €44k | €7k | ▼ 83.8% |
| Stocks and contracts in progress3 | €35k | €28k | €3k | €8k | - | - |
| Stocks30/36 | €35k | €28k | €3k | €8k | - | - |
| Amounts receivable within one year40/41 | €11k | €8k | €11k | €3k | €739 | ▼ 70.7% |
| Trade receivables40 | €10k | €6k | €5k | €2k | €303 | ▼ 79.9% |
| Other amounts receivable41 | €1k | €2k | €6k | €1k | €437 | ▼ 56.9% |
| Cash at bank and in hand54/58 | €10k | €4k | €83k | €33k | €6k | ▼ 80.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €466k | €429k | €362k | €306k | €256k | ▼ 16.3% |
| Equity10/15 | €189k | €171k | €255k | €211k | €172k | ▼ 18.5% |
| Contributions10/11 | €242k | €242k | €242k | €242k | €242k | = |
| Capital10 | €242k | €242k | €242k | €242k | €242k | = |
| Issued capital100 | €242k | €242k | €242k | €242k | €242k | = |
| Reserves13 | €162k | €157k | €142k | €138k | €133k | ▼ 3.3% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | €155k | €150k | €135k | €131k | €126k | ▼ 3.5% |
| Distributable reserves133 | €718 | €718 | €718 | €718 | €718 | = |
| Profit (loss) carried forward14 | €-215k | €-227k | €-130k | €-169k | €-203k | ▼ 20.3% |
| Provisions and deferred taxes16 | €35k | €34k | €31k | €29k | €28k | ▼ 3.9% |
| Deferred taxes168 | €35k | €34k | €31k | €29k | €28k | ▼ 3.9% |
| Amounts payable17/49 | €242k | €224k | €77k | €66k | €56k | ▼ 14.7% |
| Amounts payable after more than one year17 | €166k | €145k | €40k | €37k | €34k | ▼ 8.3% |
| Financial debts170/4 | €166k | €145k | €40k | €37k | €34k | ▼ 8.3% |
| Amounts payable within one year42/48 | €74k | €77k | €37k | €27k | €22k | ▼ 17.1% |
| Current portion of amounts payable after more than one year42 | €21k | €21k | €3k | €3k | €3k | ▲ 4.7% |
| Financial debts43 | - | €2k | €0 | - | - | - |
| Credit institutions430/8 | - | €2k | €0 | - | - | - |
| Trade debts44 | €3k | €4k | €4k | €309 | €603 | ▲ 95.1% |
| Suppliers440/4 | €3k | €4k | €4k | €309 | €603 | ▲ 95.1% |
| Taxes, remuneration and social security45 | €4k | €4k | €5k | €2k | €2k | ▲ 22.0% |
| Taxes450/3 | €3k | €3k | €3k | €2k | €2k | ▲ 22.0% |
| Remuneration and social security454/9 | €2k | €2k | €2k | - | - | - |
| Other amounts payable47/48 | €46k | €45k | €25k | €22k | €16k | ▼ 25.2% |
| Accrued charges and deferred income492/3 | €1k | €1k | €876 | €2k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-33k | €-18k | €83k | €-44k | €-39k | ▲ 11.1% |
| + Depreciation and write-downs630 | €24k | €25k | €17k | €18k | €18k | ▼ 0.2% |
| Operating cash flow (approximation) | €-9k | €8k | €100k | €-26k | €-21k | ▲ 18.5% |
| Investment in fixed assets (approximation) | - | €-5k | €106k | €-14k | €-4k | ▲ 69.9% |
| Change in cash | - | €-6k | €79k | €-50k | €-27k | ▲ 47.3% |
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
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €83k
Net result €83k after 3 loss-making years.
30-09
Financial
Liquidity times 5current ratio 2.63
Current ratio from 0.52 to 2.63; short-term debt falls from €77k to €37k.
30-09
Financial
Equity above €200kEq €255k ▲48.7%
Equity rises from €171k to €255k.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €201
Net result €201 after one loss-making year.
Show earlier events
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Menen · 1 establishment unit since 1991
Ground area
691 m²
Building footprint
302 m²
Parcel 34024A0225/00M000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
REINA
since 19912.051.880.491
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024A0225/00M000 | Flanders | 691 m² | 1 · 302 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0887.212.676
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GIKS SINT-DENIJS-WESTREM
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Of 6,498 companies in sector 47716 we hold annual accounts for 2,438. 1,817 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-12-1990
Fiscal year end30-09
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.