RELATE
ActiveSummary
RELATE has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€53,191) and a net result of -€56,191. Its solvency ranks better than 5% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
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Signals
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Peer companies
Historical observationOf the 1,322 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 90% are still going.
- Micro
- under 2 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,322 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,909 |
| Other operating charges640/8 | €2,330 |
| Gross operating margin9900 | -€48,675 |
| Operating profit (loss)9901 | -€55,913 |
| Financial charges65/66B | €278 |
| Recurring financial charges65 | €278 |
| Profit (loss) for the period before taxes9903 | -€56,191 |
| Profit (loss) for the period9904 | -€56,191 |
| Profit (loss) for the period to be appropriated9905 | -€56,191 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €89,607 | |
| Fixed assets21/28 | €71,910 | |
| Tangible fixed assets22/27 | €71,160 | |
| Furniture and vehicles24 | €71,160 | |
| Financial fixed assets28 | €750 | |
| Current assets29/58 | €17,697 | |
| Cash at bank and in hand54/58 | €17,697 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €89,607 | |
| Equity10/15 | -€53,191 | |
| Contributions10/11 | €3,000 | |
| Profit (loss) carried forward14 | -€56,191 | |
| Amounts payable17/49 | €142,798 | |
| Amounts payable within one year42/48 | €142,781 | |
| Trade debts44 | €7,253 | |
| Suppliers440/4 | €7,253 | |
| Taxes, remuneration and social security45 | €14,491 | |
| Taxes450/3 | €14,491 | |
| Other amounts payable47/48 | €121,037 | |
| Accrued charges and deferred income492/3 | €17 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€56,191 |
| + Depreciation and write-downs630 | €4,909 |
| Operating cash flow (approximation) | -€51,282 |
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
31-08
State Gazette act
Appointment: Luc Declercq (director)2 facts ▸
- General meeting, 27-08-2026
- Director appointment, Luc Declercq (director)
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332F0413/00M004 | Flanders | 1,462 m² | 1 · 284 m² | - |
Linked by address, not proof of ownership
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Luc Declercq |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,017 EUR awarded · 1,017 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,017 EUR | 1,017 EUR |
Similar companies · same sector and region
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.