REKA
ActiveSummary
REKA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.51M and a net result of €-204k. Equity is growing by ~74.7% per year across the filed fiscal years. Its solvency ranks better than 47% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-71
Solvency67▼-10
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 2.13 against 2.71 in 2024; short-term debt: 25.7% and cash: 11.3% of total assets), but 58.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41.8%
Return on assets
-5.6%
Age of the figures
9 mo
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 12-05-2026, 80 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
80 d early
2024
35 d early
2023
on the day
2022
3 d early
2021
31 d late
2020
31 d late
2019
69 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.51M▼ 11.9%
2024 · €1.72M
2018: €18klowest in 8 years
2019: €106k▲ +505% vs 2018
2020: €182k▲ +71.5% vs 2019
2021: €298k▲ +63.4% vs 2020
2022: €464k▲ +55.7% vs 2021
2023: €1.34M▲ +190% vs 2022
2024: €1.72M▲ +27.6% vs 2023highest in 8 years
2025: €1.51M▼ -11.9% vs 2024
2018 → 2025
Total assets
€3.61M▲ 10.3%
2024 · €3.28M
2018: €90klowest in 8 years
2019: €403k▲ +348% vs 2018
2020: €888k▲ +121% vs 2019
2021: €729k▼ -17.9% vs 2020
2022: €1.24M▲ +70.6% vs 2021
2023: €2.27M▲ +82.1% vs 2022
2024: €3.28M▲ +44.6% vs 2023
2025: €3.61M▲ +10.3% vs 2024highest in 8 years
2018 → 2025
Net result
€-204k
2024 · €371k
2018: €12k
2019: €89k▲ +672% vs 2018
2020: €76k▼ -14.3% vs 2019
2021: €116k▲ +52.0% vs 2020
2022: €168k▲ +44.9% vs 2021
2023: €882k▲ +426% vs 2022highest in 8 years
2024: €371k▼ -57.9% vs 2023
2025: €-204k▼ -155% vs 2024lowest in 8 years
2018 → 2025
Working capital
€1.05M▼ 46.6%
2024 · €1.97M
2018: €-3klowest in 8 years
2019: €46k▲ +1778% vs 2018
2020: €100k▲ +119% vs 2019
2021: €198k▲ +96.9% vs 2020
2022: €343k▲ +73.3% vs 2021
2023: €1.15M▲ +236% vs 2022
2024: €1.97M▲ +71.2% vs 2023highest in 8 years
2025: €1.05M▼ -46.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€298k-€464k▲ 55.7%€1.34M▲ 190%€1.72M▲ 27.6%€1.51M▼ 11.9%
2021: €298klowest in 5 years
2022: €464k▲ +55.7% vs 2021
2023: €1.34M▲ +190% vs 2022
2024: €1.72M▲ +27.6% vs 2023highest in 5 years
2025: €1.51M▼ -11.9% vs 2024
Operating result€180k-€258k▲ 43.5%€1.25M▲ 383%€573k▼ 54.1%€-107k
2021: €180k
2022: €258k▲ +43.5% vs 2021
2023: €1.25M▲ +383% vs 2022highest in 5 years
2024: €573k▼ -54.1% vs 2023
2025: €-107k▼ -119% vs 2024lowest in 5 years
Net result€116k-€168k▲ 44.9%€882k▲ 426%€371k▼ 57.9%€-204k
2021: €116k
2022: €168k▲ +44.9% vs 2021
2023: €882k▲ +426% vs 2022highest in 5 years
2024: €371k▼ -57.9% vs 2023
2025: €-204k▼ -155% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €107k after €573k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.61M
Fixed assets
€1.63M ▲ 976%
Current assets
€1.98M ▼ 36.6%
Equity and liabilities €3.61M
Equity
€1.51M ▼ 11.9%
Debt
€2.10M ▲ 34.7%
Debt's share of the balance-sheet total rises from 47.6% to 58.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-20k▼
2024 · €623k
Cash flow
€-117k▼
2024 · €421k
Current ratio
2.13▼
2024 · 2.71
Quick ratio
0.57▼
2024 · 1.20
Debt to equity
1.39▲
2024 · 0.91
ROE
-13.5%▼
2024 · 21.6%
ROA
-5.6%▼
2024 · 11.3%
Interest coverage
-0.19▼
2024 · 10.27
Debt ≤ 1 year
€928k▼
2024 · €1.15M
Debt > 1 year
€1.14M▲
2024 · €408k
Income taxes
€447▼
2024 · €147k
Staff costs
€461k▲
2024 · €400k
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.28M€3.61M▲
Fixed assets21/28€152k€1.63M▲
Tangible fixed assets22/27€149k€1.63M▲
Land and buildings22-€1.31M
Plant, machinery and equipment23€76k€61k▼
Furniture and vehicles24€65k€47k▼
Other tangible fixed assets26€9k€219k▲
Financial fixed assets28€3k-
Current assets29/58€3.13M€1.98M▼
Amounts receivable after more than one year29€11k€5k▼
Other amounts receivable291€11k€5k▼
Stocks and contracts in progress3€1.74M€1.46M▼
Stocks30/36€1.74M€1.46M▼
Amounts receivable within one year40/41€395k€82k▼
Trade receivables40€317k€73k▼
Other amounts receivable41€78k€9k▼
Current investments50/53€22k€11k▼
Cash at bank and in hand54/58€944k€410k▼
Deferred charges and accrued income490/1€9k€17k▲
Equity and liabilities
Total equity and liabilities10/49€3.28M€3.61M▲
Equity10/15€1.72M€1.51M▼
Contributions10/11€19k€19k=
Reserves13€1.70M€1.49M▼
Distributable reserves133€1.70M€1.49M▼
Amounts payable17/49€1.56M€2.10M▲
Amounts payable after more than one year17€408k€1.14M▲
Financial debts170/4€408k€1.14M▲
Amounts payable within one year42/48€1.15M€928k▼
Current portion of amounts payable after more than one year42€98k€493k▲
Financial debts43€625k€261k▼
Credit institutions430/8€625k€261k▼
Trade debts44€40k€102k▲
Suppliers440/4€40k€102k▲
Taxes, remuneration and social security45€390k€67k▼
Taxes450/3€339k€28k▼
Remuneration and social security454/9€51k€39k▼
Other amounts payable47/48-€4k
Accrued charges and deferred income492/3-€32k
Income statement
Code20242025
Non-recurring operating income76A€54k-
Remuneration, social security and pensions62€400k€461k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€87k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-11k-
Other operating charges640/8€43k€14k▼
Gross operating margin9900€1.06M€456k▼
Operating profit (loss)9901€573k€-107k▼
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€61k€100k▲
Recurring financial charges65€61k€100k▲
Profit (loss) for the period before taxes9903€518k€-204k▼
Income taxes67/77€147k€447▼
Profit (loss) for the period9904€371k€-204k▼
Profit (loss) for the period to be appropriated9905€371k€-204k▼
Appropriation of the result
Profit (loss) to be appropriated9906€371k€-204k▼
Transfer from equity791/2-€204k
Transfer to equity691/2€371k-
To other reserves6921€371k-
Social balance
Average headcount (FTE)90877.07.6▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €54k | - | - |
| Remuneration, social security and pensions62 | €152k | €208k | €343k | €400k | €461k | ▲ 15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €33k | €49k | €49k | €87k | ▲ 77.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €-11k | - | - |
| Other operating charges640/8 | €7k | €18k | €17k | €43k | €14k | ▼ 66.8% |
| Non-recurring operating charges66A | €3k | - | - | - | - | - |
| Gross operating margin9900 | €370k | €517k | €1.66M | €1.06M | €456k | ▼ 56.8% |
| Operating profit (loss)9901 | €180k | €258k | €1.25M | €573k | €-107k | ▼ 119% |
| Financial income75/76B | €29 | €296 | €564 | €5k | €4k | ▼ 30.9% |
| Recurring financial income75 | €29 | €296 | €564 | €5k | €4k | ▼ 30.9% |
| Financial charges65/66B | €16k | €13k | €38k | €61k | €100k | ▲ 65.7% |
| Recurring financial charges65 | €16k | €13k | €38k | €61k | €100k | ▲ 65.7% |
| Profit (loss) for the period before taxes9903 | €164k | €245k | €1.21M | €518k | €-204k | ▼ 139% |
| Income taxes67/77 | €49k | €78k | €330k | €147k | €447 | ▼ 99.7% |
| Profit (loss) for the period9904 | €116k | €168k | €882k | €371k | €-204k | ▼ 155% |
| Profit (loss) for the period to be appropriated9905 | €116k | €168k | €882k | €371k | €-204k | ▼ 155% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €729k | €1.24M | €2.27M | €3.28M | €3.61M | ▲ 10.3% |
| Fixed assets21/28 | €266k | €297k | €338k | €152k | €1.63M | ▲ 976% |
| Tangible fixed assets22/27 | €266k | €294k | €335k | €149k | €1.63M | ▲ 998% |
| Land and buildings22 | €172k | €164k | €156k | - | €1.31M | - |
| Plant, machinery and equipment23 | €28k | €33k | €83k | €76k | €61k | ▼ 18.9% |
| Furniture and vehicles24 | €60k | €91k | €90k | €65k | €47k | ▼ 27.4% |
| Other tangible fixed assets26 | €6k | €6k | €6k | €9k | €219k | ▲ 2,428% |
| Financial fixed assets28 | - | €3k | €3k | €3k | - | - |
| Current assets29/58 | €464k | €948k | €1.93M | €3.13M | €1.98M | ▼ 36.6% |
| Amounts receivable after more than one year29 | - | - | - | €11k | €5k | ▼ 51.2% |
| Other amounts receivable291 | - | - | - | €11k | €5k | ▼ 51.2% |
| Stocks and contracts in progress3 | - | €584k | €746k | €1.74M | €1.46M | ▼ 16.5% |
| Stocks30/36 | - | €584k | €746k | €1.74M | €1.46M | ▼ 16.5% |
| Amounts receivable within one year40/41 | €348k | €80k | €175k | €395k | €82k | ▼ 79.2% |
| Trade receivables40 | €116k | €77k | €120k | €317k | €73k | ▼ 76.9% |
| Other amounts receivable41 | €232k | €4k | €55k | €78k | €9k | ▼ 88.5% |
| Current investments50/53 | €10k | €10k | €9k | €22k | €11k | ▼ 49.1% |
| Cash at bank and in hand54/58 | €106k | €274k | €999k | €944k | €410k | ▼ 56.6% |
| Deferred charges and accrued income490/1 | - | - | - | €9k | €17k | ▲ 82.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €729k | €1.24M | €2.27M | €3.28M | €3.61M | ▲ 10.3% |
| Equity10/15 | €298k | €464k | €1.34M | €1.72M | €1.51M | ▼ 11.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €280k | €446k | €1.33M | €1.70M | €1.49M | ▼ 12.0% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €278k | €444k | €1.33M | €1.70M | €1.49M | ▼ 12.0% |
| Amounts payable17/49 | €431k | €780k | €922k | €1.56M | €2.10M | ▲ 34.7% |
| Amounts payable after more than one year17 | €165k | €175k | €145k | €408k | €1.14M | ▲ 180% |
| Financial debts170/4 | €165k | €175k | €145k | €408k | €1.14M | ▲ 180% |
| Amounts payable within one year42/48 | €266k | €605k | €776k | €1.15M | €928k | ▼ 19.5% |
| Current portion of amounts payable after more than one year42 | €23k | €31k | €54k | €98k | €493k | ▲ 401% |
| Financial debts43 | - | €270k | €266k | €625k | €261k | ▼ 58.2% |
| Credit institutions430/8 | - | €270k | €266k | €625k | €261k | ▼ 58.2% |
| Trade debts44 | €169k | €105k | €60k | €40k | €102k | ▲ 156% |
| Suppliers440/4 | €169k | €105k | €60k | €40k | €102k | ▲ 156% |
| Taxes, remuneration and social security45 | €45k | €165k | €395k | €390k | €67k | ▼ 82.7% |
| Taxes450/3 | €35k | €125k | €350k | €339k | €28k | ▼ 91.8% |
| Remuneration and social security454/9 | €11k | €40k | €45k | €51k | €39k | ▼ 22.5% |
| Other amounts payable47/48 | €28k | €35k | €2k | - | €4k | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €32k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €116k | €168k | €882k | €371k | €-204k | ▼ 155% |
| + Depreciation and write-downs630 | €29k | €33k | €49k | €49k | €87k | ▲ 77.1% |
| Operating cash flow (approximation) | €144k | €201k | €931k | €421k | €-117k | ▼ 128% |
| Investment in fixed assets (approximation) | - | €-64k | €-91k | €137k | €-1.57M | ▼ 1,245% |
| Change in cash | - | €168k | €725k | €-55k | €-534k | ▼ 864% |
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
17-09
State Gazette act
Correction · Director in office3 facts ▸
State Gazette act
Correction · Director in office
3 facts ▸
- Correction, foute publicatie adres van de zetel, correction of seat address in previous publication
- Director in office, Renders Jan (director)
- Director in office, Renders Branco (director)
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-204k
Net result drops to €-204k, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €882k ▲426%
Operating result €1.25M, net result €882k, both a record.
31-12
Financial
Equity above €1MEq €1.34M ▲190%
6 profitable years in a row build equity to €1.34M.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €200kEq €298k ▲63.4%
4 profitable years in a row build equity to €298k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €150kEq €182k ▲71.5%
3 profitable years in a row build equity to €182k.
Show earlier events
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Equity above €100kEq €106k ▲505%
2 profitable years in a row build equity to €106k.
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 25 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kasterlee · 1 establishment unit since 2006
Ground area
1.6 ha
Parcel 13018F1444/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
REKA
since 20062.151.557.889
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13018F1444/00A000 | Flanders | 1.6 ha | - | - |
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.
Articles of association
Who signs
“Rechtsvorm : Besloten Vennootschap Volledig adres v.d. zetel: Poederleesteenweg 96L, 2460 Kasterlee Onderwerp akte: rechtzetting zetel, foute publicatie In de publicatie van 26/01/2026 in het Belgisch staatsblad met publicatienummer 0012607 is een fout gemaakt in het adres van de zetel. Het juiste…”
Full text
Rechtsvorm : Besloten Vennootschap Volledig adres v.d. zetel: Poederleesteenweg 96L, 2460 Kasterlee Onderwerp akte: rechtzetting zetel, foute publicatie In de publicatie van 26/01/2026 in het Belgisch staatsblad met publicatienummer 0012607 is een fout gemaakt in het adres van de zetel. Het juiste adres van de zetel moet zijn Poederleesteenweg 98L, 2460 Kasterlee. Renders Jan bestuurder Reka Management bv, vertegenwoordigd door Renders Branco, bestuurder
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 22,861 EUR awarded · 22,861 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 284 EUR | 284 EUR |
| 2024 | 2 | 5,088 EUR | 5,088 EUR |
| 2023 | 2 | 16,202 EUR | 16,547 EUR |
| 2022 | 1 | 1,287 EUR | 942 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,961 companies in sector 43331 we hold annual accounts for 1,788. 500 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
Founded16-01-2006
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43331Floor and wall tiling
Scores and ratios are computed by Checked and are not a credit decision.