RELAX IMMO
ActiveRELAX IMMO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €7k. Equity is growing by ~71.3% per year across the filed fiscal years. Its solvency ranks better than 14% of 7709 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▼-5
Solvency27=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.15 in 2024; short-term debt: 18.8% and cash: 1.1% of total assets), and 98.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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
1.8%
Return on assets
0.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7709 sector peers (2025).
NBB · sector comparisonPosition among 7709 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 5 filingsDeviation from the deadline
2025
27 d late
2024
19 d late
2023
28 d early
2022
38 d early
2021
31 d late
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k▲ 43.9%
2024 · €15k
2021: €-4k
2022: €4k
2023: €9k
2024: €15k
2021 → 2025
Total assets
€1.20M▲ 36.6%
2024 · €881k
2021: €395k
2022: €438k
2023: €906k
2024: €881k
2021 → 2025
Net result
€7k▲ 5.2%
2024 · €6k
2021: €-9k
2022: €8k
2023: €5k
2024: €6k
2021 → 2025
Working capital
€-184k▼ 88.2%
2024 · €-98k
2021: €-76k
2022: €-22k
2023: €-134k
2024: €-98k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-4k-€4k€9k▲ 110%€15k▲ 71.5%€22k▲ 43.9%
Operating result€-8k-€14k€24k▲ 71.4%€32k▲ 34.7%€36k▲ 11.8%
Net result€-9k-€8k€5k▼ 41.4%€6k▲ 36.6%€7k▲ 5.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.20M
Fixed assets
€1.16M▲ 34.4%
Current assets
€42k▲ 153%
Equity and liabilities €1.20M
Equity
€22k▲ 43.9%
Debt
€1.18M▲ 36.5%
The debt ratio falls from 98.3% to 98.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€84k▲
2024 · €81k
Cash flow
€55k▲
2024 · €55k
Solvency
1.8%▲
2024 · 1.7%
Current ratio
0.19▲
2024 · 0.15
Quick ratio
0.19▲
2024 · 0.15
Debt / equity
54.44▼
2024 · 57.38
ROE
30.5%▼
2024 · 41.7%
ROA
0.5%▼
2024 · 0.7%
Interest coverage
2.89▼
2024 · 3.41
Debt
€1.18M▲
2024 · €866k
Debt ≤ 1 year
€226k▲
2024 · €115k
Debt > 1 year
€955k▲
2024 · €751k
Income taxes
€-163▼
2024 · €2k
Staff costs
€12k▲
2024 · €412
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€881k€1.20M▲
Fixed assets21/28€864k€1.16M▲
Tangible fixed assets22/27€864k€1.16M▲
Land and buildings22€822k€1.11M▲
Furniture and vehicles24€35k€44k▲
Leasing and similar rights25€8k€5k▼
Financial fixed assets28-€1k
Current assets29/58€17k€42k▲
Amounts receivable within one year40/41€192€26k▲
Trade receivables40-€26k
Other amounts receivable41€192€7▼
Cash at bank and in hand54/58€14k€14k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€881k€1.20M▲
Equity10/15€15k€22k▲
Contributions10/11€5k€5k=
Reserves13€10k€17k▲
Distributable reserves133€10k€17k▲
Profit (loss) carried forward14€91€208▲
Amounts payable17/49€866k€1.18M▲
Amounts payable after more than one year17€751k€955k▲
Financial debts170/4€751k€955k▲
Amounts payable within one year42/48€115k€226k▲
Current portion of amounts payable after more than one year42€54k€69k▲
Trade debts44€5k€21k▲
Suppliers440/4€5k€21k▲
Taxes, remuneration and social security45€2k€574▼
Taxes450/3€2k€217▼
Remuneration and social security454/9€353€357▲
Other amounts payable47/48€53k€136k▲
Income statement
Code20242025
Remuneration, social security and pensions62€412€12k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€49k▼
Other operating charges640/8€4k€6k▲
Gross operating margin9900€85k€102k▲
Operating profit (loss)9901€32k€36k▲
Financial charges65/66B€24k€29k▲
Recurring financial charges65€24k€29k▲
Profit (loss) for the period before taxes9903€8k€6k▼
Income taxes67/77€2k€-163▼
Profit (loss) for the period9904€6k€7k▲
Profit (loss) for the period to be appropriated9905€6k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€7k▼
Profit (loss) brought forward from the previous period14P€4k€91▼
Transfer to equity691/2€10k€7k▼
To other reserves6921€10k€7k▼
The notes to these accounts (12 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ciney · 1 establishment unit since 2021
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.
Rue du Condroz 455590 CineyGround area
271 m²
Building footprint
57 m²
Parcel 91030A0431/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
RELAX IMMO
since 20212.323.610.551
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91030A0431/00D000 | Wallonia | 271 m² | 1 · 57 m² | - |
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.
Similar companies · same sector, comparable size
AKO Solutions VOF
BE 0661.678.768
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TARIFICONSULT
BE 0553.961.654
Mons · Eq €22k
HUDDLE UP
BE 0761.807.514
Mechelen · Eq €22k
JUST ADMIN
BE 1004.494.584
Frasnes-lez-Anvaing · Eq €22k
CS BRUXELLES
BE 0780.547.518
Sint-Jans-Molenbeek · Eq €22k
Of 11,219 companies in sector 82100 we hold annual accounts for 3,512. 2,313 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-09-2021
Fiscal year end31-12
Activities, NACEBEL
55203Holiday cottages, homes and apartments
82100Office administrative and support services
82110Office administrative, office support and other business support activities
68110Buying and selling of own real estate
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.