REKEG Solutions
ActiveThe computed 12-month bankruptcy probability of REKEG Solutions is 2.3% (moderate). The 2025 annual accounts show negative equity (€-3k) and a net result of €-10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 1902 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▲+13
Solvency24▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 11.64 against 20.28 in 2024; short-term debt: 3.4% and cash: 2.6% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-0.9%
Return on assets
-3.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-3k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
1 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-3k
2024 · €14k
2020: €-17k
2021: €-57k
2022: €-72k
2023: €-64k
2024: €14k
2020 → 2025
Total assets
€295k▲ 35.4%
2024 · €218k
2020: €30k
2021: €69k
2022: €108k
2023: €121k
2024: €218k
2020 → 2025
Net result
€-10k▲ 54.0%
2024 · €-22k
2020: €-27k
2021: €-40k
2022: €-15k
2023: €9k
2024: €-22k
2020 → 2025
Working capital
€108k▼ 41.8%
2024 · €186k
2020: €22k
2021: €37k
2022: €81k
2023: €109k
2024: €186k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-57k-€-72k▼ 26.4%€-64k▲ 11.8%€14k€-3k
Operating result€-35k-€-2k▲ 94.9%€15k€-16k€-7k▲ 52.4%
Net result€-40k-€-15k▲ 62.1%€9k€-22k€-10k▲ 54.0%
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 €7k in 2025 against €16k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €295k
Fixed assets
€177k▲ 692%
Current assets
€119k▼ 39.5%
Key figures and ratios
EBITDA
€5k▲
2024 · €-13k
Cash flow
€2k▲
2024 · €-20k
Solvency
-0.9%▼
2024 · 6.4%
Current ratio
11.64▼
2024 · 20.28
Quick ratio
7.98▼
2024 · 15.36
ROA
-3.5%▲
2024 · -10.2%
Interest coverage
0.49▲
2024 · -1.74
Debt
€298k▲
2024 · €204k
Debt ≤ 1 year
€10k▲
2024 · €10k
Debt > 1 year
€272k▲
2024 · €187k
A ratio outside any meaningful range has been withheld (balance sheet total €295k, equity €-3k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€218k€295k▲
Formation expenses20€0-
Fixed assets21/28€22k€177k▲
Intangible fixed assets21€410€81▼
Tangible fixed assets22/27€22k€174k▲
Plant, machinery and equipment23€22k€174k▲
Financial fixed assets28-€3k
Current assets29/58€196k€119k▼
Stocks and contracts in progress3€47k€37k▼
Stocks30/36€47k€37k▼
Amounts receivable within one year40/41€72k€73k▲
Trade receivables40€6k€45k▲
Other amounts receivable41€66k€29k▼
Cash at bank and in hand54/58€76k€8k▼
Equity and liabilities
Total equity and liabilities10/49€218k€295k▲
Equity10/15€14k€-3k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-96k€-106k▼
Investment grants15€100k€94k▼
Amounts payable17/49€204k€298k▲
Amounts payable after more than one year17€187k€272k▲
Financial debts170/4€187k€272k▲
Amounts payable within one year42/48€10k€10k▲
Trade debts44€7k€7k▲
Suppliers440/4€7k€7k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€445€458▲
Taxes450/3€445€458▲
Other amounts payable47/48€3k€3k▲
Accrued charges and deferred income492/3€7k€16k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€12k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€0▼
Other operating charges640/8€1k€799▼
Gross operating margin9900€-4k€6k▲
Operating profit (loss)9901€-16k€-7k▲
Financial income75/76B€949€7k▲
Recurring financial income75€949€7k▲
Financial charges65/66B€8k€10k▲
Recurring financial charges65€8k€10k▲
Profit (loss) for the period before taxes9903€-22k€-10k▲
Profit (loss) for the period9904€-22k€-10k▲
Profit (loss) for the period to be appropriated9905€-22k€-10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-96k€-106k▼
Profit (loss) brought forward from the previous period14P€-74k€-96k▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 11.89
Current ratio from 4.30 to 11.89; short-term debt falls from €25k to €10k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-40k
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Middelkerke · 1 establishment unit since 2019
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.
Zeedijk 228430 MiddelkerkeGround area
1,722 m²
Building footprint
2,028 m²
Volume, LiDAR
3,836 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
REKEG Solutions
since 20192.297.559.420
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35011B0001/00R017 | Flanders | 990 m² | 1 · 1,333 m² | - |
| 32003A0610/00R002 | Flanders | 732 m² | 1 · 696 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 4 entries · 103,120 EUR awarded · 83,120 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 43,120 EUR |
| 2024 | 2 | 103,120 EUR | 40,000 EUR |
Schemes
Subsidies in het kader van de circulaire economie
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Of 18 companies in sector 25910 we hold annual accounts for 14. 2 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2019
Fiscal year end31-12
Activities, NACEBEL
25910Manufacture of fabricated metal products, except machinery and equipment
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.rekegsolutions.com
E-mail:info@rekegsolutions.com