REKA SECURITY
ActiveThe file of REKA SECURITY contains 2 judicial reorganisations and 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show equity of €418k and a net result of €108k. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 344 sector peers (fiscal year 2024).
Checked score
Score 2024
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▲+19
Solvency74▼-6
Growth52=
Track record45
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days only on tighter terms
Liquidity ample (current ratio 1.92 against 2.17 in 2023; short-term debt: 50.9% and cash: 0.6% of total assets), but 50.9% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 80
Relative position
BE, all sectors
reference
Sector 80
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-09-2025, 32 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
not confirmed
2024
32 d late
2023
161 d late
2022
153 d late
2021
110 d late
2020
129 d late
2019
131 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€667k
EBIT margin
5.9%
Net result
€108k
2023 · €-14k
2018: €124k
2019: €95k
2020: €-24k
2021: €55k
2022: €79k
2023: €-14k
2018 → 2024
Working capital
€399k▲ 34.9%
2023 · €296k
2018: €144k
2019: €195k
2020: €173k
2021: €228k
2022: €308k
2023: €296k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€190k-€245k▲ 28.8%€324k▲ 32.2%€310k▼ 4.2%€418k▲ 34.8%
Operating result€13k-€77k▲ 504%€149k▲ 92.2%€48k▼ 68.1%€146k▲ 206%
Net result€-24k-€55k€79k▲ 43.8%€-14k€108k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 206% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €851k
Fixed assets
€19k ▲ 32.0%
Current assets
€832k ▲ 51.7%
Equity and liabilities €851k
Equity
€418k ▲ 34.8%
Debt
€433k ▲ 71.3%
Debt's share of the balance-sheet total rises from 44.9% to 50.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€147k▲
2023 · €49k
Cash flow
€109k▲
2023 · €-13k
Current ratio
1.92▼
2023 · 2.17
Debt to equity
1.04▲
2023 · 0.82
ROE
25.8%▲
2023 · -4.4%
ROA
12.7%▲
2023 · -2.4%
Interest coverage
111.73▲
2023 · 30.11
Debt ≤ 1 year
€433k▲
2023 · €253k
Income taxes
€38k▼
2023 · €59k
Staff costs
€451k▼
2023 · €560k
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 · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€563k€851k▲
Fixed assets21/28€14k€19k▲
Tangible fixed assets22/27-€5k
Furniture and vehicles24-€5k
Financial fixed assets28€14k€14k=
Current assets29/58€549k€832k▲
Amounts receivable within one year40/41€548k€827k▲
Trade receivables40€197k€419k▲
Other amounts receivable41€351k€408k▲
Cash at bank and in hand54/58€285€5k▲
Equity and liabilities
Total equity and liabilities10/49€563k€851k▲
Equity10/15€310k€418k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€290k€397k▲
Amounts payable17/49€253k€433k▲
Amounts payable within one year42/48€253k€433k▲
Trade debts44€73k€98k▲
Suppliers440/4€73k€98k▲
Advances received on contracts in progress46€2k€59k▲
Taxes, remuneration and social security45€179k€277k▲
Taxes450/3€94k€208k▲
Remuneration and social security454/9€84k€68k▼
Income statement
Code20232024
Remuneration, social security and pensions62€560k€451k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€999€1k▲
Other operating charges640/8€7k€5k▼
Gross operating margin9900€616k€603k▼
Operating profit (loss)9901€48k€146k▲
Financial income75/76B€10€980▲
Recurring financial income75€10€980▲
Non-recurring financial income76B-€980
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€46k€145k▲
Income taxes67/77€59k€38k▼
Profit (loss) for the period9904€-14k€108k▲
Profit (loss) for the period to be appropriated9905€-14k€108k▲
Appropriation of the result
Profit (loss) to be appropriated9906€290k€397k▲
Profit (loss) brought forward from the previous period14P€303k€290k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-12
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · 20250125 · event 02-12-2025
22-09
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collectif_pme · event 10-09-2025
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
22-08
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · REKA SECURITY BV OORLOGSKRUISEN- LAAN 94, 1120 NEDER-OVER-HEEMBEEK · event 12-08-2025
15-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · REKA SECURITY BV OORLOGS- KRUISENLAAN 94, 1120 NEDER-OVER-HEEMBEEK · event 08-07-2025
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 161 days late
2024
31-12
Financial
Back to profitnet €108k
Net result €108k after one loss-making year.
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 153 days late
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 110 days late
2021
31-12
Financial
Back to profitnet €55k
Net result €55k after one loss-making year.
31-12
Financial
Equity above €200kEq €245k ▲28.8%
Equity rises from €190k to €245k.
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 129 days late
Show earlier events
2020
31-12
Financial
Weakest financial yearnet €-24k ▼125%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.89
Current ratio from 1.60 to 3.89; short-term debt falls from €324k to €60k.
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 131 days late
2019
31-12
Financial
Equity above €200kEq €214k ▲34.4%
2 profitable years in a row build equity to €214k.
05-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 97 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 51 days late
19-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 203 days late
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brussel · 1 establishment unit since 2005
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.
Oorlogskruisenlaan 941120 BrusselGround area
8,062 m²
Building footprint
656 m²
Volume, LiDAR
7,255 m³
Parcel 21819D0090/00P000, Brussels · tallest building 18.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
REKA SECUTIRY
since 20052.149.712.713
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819D0090/00P000 | Brussels | 8,062 m² | 1 · 656 m² | 18.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WINNY TIRMARCHE A. DE COCKPLEIN 9,
1831 DIEGEM |
08-07-2025 → 12-08-2025 |
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Of 700 companies in sector 80010 we hold annual accounts for 349. 225 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
Founded29-06-2005
Fiscal year end31-12
Activities, NACEBEL 2025
80010Investigation and private security services
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.