RELAXANI
ActiveSummary
The computed 12-month bankruptcy probability of RELAXANI is 2.2% (moderate). The 2024 annual accounts show equity of €106k and a net result of €2k. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 61% of 36375 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability36▼-44
Solvency81▲+21
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 2.37 in 2023; short-term debt: 19.1% and cash: 24% of total assets), and 44% 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.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
56%
Return on assets
1.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
34 d early
2022
28 d early
2021
29 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€106k▲ 0.2%
2023 · €106k
2019: €22klowest in 6 years
2020: €40k▲ +77.9% vs 2019
2021: €68k▲ +70.9% vs 2020
2022: €81k▲ +20.4% vs 2021
2023: €106k▲ +29.8% vs 2022
2024: €106k▲ +0.2% vs 2023highest in 6 years
2019 → 2024
Total assets
€189k▼ 36.5%
2023 · €297k
2019: €77klowest in 6 years
2020: €248k▲ +223% vs 2019
2021: €218k▼ -12.1% vs 2020
2022: €382k▲ +75.1% vs 2021highest in 6 years
2023: €297k▼ -22.0% vs 2022
2024: €189k▼ -36.5% vs 2023
2019 → 2024
Net result
€2k▼ 92.1%
2023 · €26k
2019: €4k
2020: €17k▲ +379% vs 2019
2021: €28k▲ +61.8% vs 2020highest in 6 years
2022: €14k▼ -50.8% vs 2021
2023: €26k▲ +88.0% vs 2022
2024: €2k▼ -92.1% vs 2023lowest in 6 years
2019 → 2024
Working capital
€37k▼ 60.5%
2023 · €94k
2019: €24k
2020: €33k▲ +37.2% vs 2019
2021: €35k▲ +8.9% vs 2020
2022: €8k▼ -77.3% vs 2021lowest in 6 years
2023: €94k▲ +1067% vs 2022highest in 6 years
2024: €37k▼ -60.5% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€40k-€68k▲ 70.9%€81k▲ 20.4%€106k▲ 29.8%€106k▲ 0.2%
2020: €40klowest in 5 years
2021: €68k▲ +70.9% vs 2020
2022: €81k▲ +20.4% vs 2021
2023: €106k▲ +29.8% vs 2022
2024: €106k▲ +0.2% vs 2023highest in 5 years
Operating result€24k-€42k▲ 76.9%€24k▼ 43.0%€38k▲ 57.5%€38k▲ 1.1%
2020: €24klowest in 5 years
2021: €42k▲ +76.9% vs 2020highest in 5 years
2022: €24k▼ -43.0% vs 2021
2023: €38k▲ +57.5% vs 2022
2024: €38k▲ +1.1% vs 2023
Net result€17k-€28k▲ 61.8%€14k▼ 50.8%€26k▲ 88.0%€2k▼ 92.1%
2020: €17k
2021: €28k▲ +61.8% vs 2020highest in 5 years
2022: €14k▼ -50.8% vs 2021
2023: €26k▲ +88.0% vs 2022
2024: €2k▼ -92.1% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €189k
Fixed assets
€116k ▼ 14.0%
Current assets
€73k ▼ 55.0%
Equity and liabilities €189k
Equity
€106k ▲ 0.2%
Debt
€83k ▼ 56.6%
Debt's share of the balance-sheet total falls from 64.5% to 44.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64k▲
2023 · €63k
Cash flow
€28k▼
2023 · €51k
Current ratio
2.03▼
2023 · 2.37
Quick ratio
1.61▼
2023 · 2.12
Debt to equity
0.79▼
2023 · 1.82
ROE
1.9%▼
2023 · 24.6%
ROA
1.1%▼
2023 · 8.7%
Interest coverage
1.85▼
2023 · 11.37
Debt ≤ 1 year
€36k▼
2023 · €69k
Debt > 1 year
€46k▼
2023 · €60k
Income taxes
€3k▼
2023 · €8k
Staff costs
€46k▲
2023 · €33k
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 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€297k€189k▼
Fixed assets21/28€135k€116k▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€131k€113k▼
Plant, machinery and equipment23€107k€93k▼
Furniture and vehicles24€13k€10k▼
Other tangible fixed assets26€11k€10k▼
Current assets29/58€163k€73k▼
Stocks and contracts in progress3€17k€15k▼
Stocks30/36€17k€15k▼
Amounts receivable within one year40/41€48k€9k▼
Trade receivables40€29k€4k▼
Other amounts receivable41€19k€5k▼
Current investments50/53€39k-
Cash at bank and in hand54/58€53k€45k▼
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€297k€189k▼
Equity10/15€106k€106k▲
Contributions10/11€19k€19k=
Reserves13€87k€87k▲
Distributable reserves133€87k€87k▲
Amounts payable17/49€192k€83k▼
Amounts payable after more than one year17€60k€46k▼
Financial debts170/4€60k€46k▼
Amounts payable within one year42/48€69k€36k▼
Current portion of amounts payable after more than one year42€14k€14k▼
Trade debts44€23k€4k▼
Suppliers440/4€23k€4k▼
Advances received on contracts in progress46€11k-
Taxes, remuneration and social security45€19k€16k▼
Taxes450/3€19k€14k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€2k€2k▲
Accrued charges and deferred income492/3€64k€1k▼
Income statement
Code20232024
Remuneration, social security and pensions62€33k€46k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€26k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€99k€112k▲
Operating profit (loss)9901€38k€38k▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€6k€35k▲
Recurring financial charges65€6k€35k▲
Profit (loss) for the period before taxes9903€34k€5k▼
Income taxes67/77€8k€3k▼
Profit (loss) for the period9904€26k€2k▼
Profit (loss) for the period to be appropriated9905€26k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€2k▼
Profit (loss) brought forward from the previous period14P€48k-
Transfer to equity691/2€72k€243▼
To other reserves6921€72k€243▼
Profit to be distributed694/7€2k€2k▲
Return on contributions (dividend)694€2k€2k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €35k | €33k | €33k | €46k | ▲ 37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €9k | €16k | €25k | €26k | ▲ 4.5% |
| Other operating charges640/8 | - | €3k | €6k | €2k | €2k | ▼ 37.0% |
| Gross operating margin9900 | €32k | €89k | €79k | €99k | €112k | ▲ 13.4% |
| Operating profit (loss)9901 | €24k | €42k | €24k | €38k | €38k | ▲ 1.1% |
| Financial income75/76B | - | €857 | €55 | €1k | €1k | ▼ 14.6% |
| Recurring financial income75 | €63 | €857 | €55 | €1k | €1k | ▼ 14.6% |
| Financial charges65/66B | - | €6k | €5k | €6k | €35k | ▲ 528% |
| Recurring financial charges65 | €2k | €6k | €5k | €6k | €35k | ▲ 528% |
| Profit (loss) for the period before taxes9903 | €22k | €38k | €19k | €34k | €5k | ▼ 85.9% |
| Income taxes67/77 | €5k | €10k | €5k | €8k | €3k | ▼ 65.1% |
| Profit (loss) for the period9904 | €17k | €28k | €14k | €26k | €2k | ▼ 92.1% |
| Profit (loss) for the period to be appropriated9905 | €17k | €28k | €14k | €26k | €2k | ▼ 92.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €248k | €218k | €382k | €297k | €189k | ▼ 36.5% |
| Fixed assets21/28 | €34k | €120k | €147k | €135k | €116k | ▼ 14.0% |
| Intangible fixed assets21 | €8k | €5k | €3k | €3k | €2k | ▼ 22.7% |
| Tangible fixed assets22/27 | €25k | €114k | €143k | €131k | €113k | ▼ 13.8% |
| Plant, machinery and equipment23 | - | €9k | €121k | €107k | €93k | ▼ 12.7% |
| Furniture and vehicles24 | - | €11k | €9k | €13k | €10k | ▼ 22.7% |
| Other tangible fixed assets26 | - | €4k | €13k | €11k | €10k | ▼ 14.2% |
| Assets under construction and advance payments27 | - | €90k | €0 | - | - | - |
| Financial fixed assets28 | €1k | €1k | €1k | - | - | - |
| Current assets29/58 | €214k | €98k | €235k | €163k | €73k | ▼ 55.0% |
| Stocks and contracts in progress3 | €18k | €10k | €35k | €17k | €15k | ▼ 11.1% |
| Stocks30/36 | - | €10k | €35k | €17k | €15k | ▼ 11.1% |
| Amounts receivable within one year40/41 | €57k | €50k | €76k | €48k | €9k | ▼ 81.4% |
| Trade receivables40 | - | €44k | €59k | €29k | €4k | ▼ 86.5% |
| Other amounts receivable41 | - | €6k | €17k | €19k | €5k | ▼ 73.4% |
| Current investments50/53 | - | - | - | €39k | - | - |
| Cash at bank and in hand54/58 | €121k | €22k | €110k | €53k | €45k | ▼ 14.6% |
| Deferred charges and accrued income490/1 | - | €15k | €14k | €6k | €4k | ▼ 34.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €248k | €218k | €382k | €297k | €189k | ▼ 36.5% |
| Equity10/15 | €40k | €68k | €81k | €106k | €106k | ▲ 0.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €165 | €15k | €15k | €87k | €87k | ▲ 0.3% |
| Non-distributable reserves130/1 | - | €165 | €165 | - | - | - |
| Reserves not available under the articles1311 | - | €165 | €165 | - | - | - |
| Distributable reserves133 | - | €15k | €15k | €87k | €87k | ▲ 0.3% |
| Profit (loss) carried forward14 | €21k | €34k | €48k | - | - | - |
| Amounts payable17/49 | €208k | €150k | €300k | €192k | €83k | ▼ 56.6% |
| Amounts payable after more than one year17 | €27k | €88k | €74k | €60k | €46k | ▼ 23.1% |
| Financial debts170/4 | - | €88k | €74k | €60k | €46k | ▼ 23.1% |
| Amounts payable within one year42/48 | €182k | €62k | €227k | €69k | €36k | ▼ 47.4% |
| Current portion of amounts payable after more than one year42 | - | €14k | €14k | €14k | €14k | ▼ 2.5% |
| Financial debts43 | - | €182 | €0 | - | - | - |
| Credit institutions430/8 | - | €182 | €0 | - | - | - |
| Trade debts44 | €20k | €9k | €43k | €23k | €4k | ▼ 81.7% |
| Suppliers440/4 | - | €9k | €43k | €23k | €4k | ▼ 81.7% |
| Advances received on contracts in progress46 | - | €22k | €131k | €11k | - | - |
| Taxes, remuneration and social security45 | - | €17k | €38k | €19k | €16k | ▼ 14.1% |
| Taxes450/3 | - | €16k | €38k | €19k | €14k | ▼ 24.5% |
| Remuneration and social security454/9 | - | €1k | €0 | - | €2k | - |
| Other amounts payable47/48 | - | €0 | - | €2k | €2k | ▲ 5.9% |
| Accrued charges and deferred income492/3 | - | - | - | €64k | €1k | ▼ 98.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €28k | €14k | €26k | €2k | ▼ 92.1% |
| + Depreciation and write-downs630 | €7k | €9k | €16k | €25k | €26k | ▲ 4.5% |
| Operating cash flow (approximation) | €25k | €37k | €29k | €51k | €28k | ▼ 44.9% |
| Investment in fixed assets (approximation) | - | €-96k | €-42k | €-12k | €-7k | ▲ 43.2% |
| Change in cash | - | €-99k | €88k | €-57k | €-8k | ▲ 86.3% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €2k ▼92.1%
Net result drops to €2k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.37
Current ratio from 1.04 to 2.37; short-term debt falls from €227k to €69k.
31-12
Financial
Equity above €100kEq €106k ▲29.8%
5 profitable years in a row build equity to €106k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2019net €28k ▲61.8%
Operating result €42k, net result €28k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Sint-Truiden · 1 establishment unit since 2019
Ground area
1,013 m²
Building footprint
147 m²
Volume, LiDAR
943 m³
Parcel 71027A0263/00L000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ElecSani Thijs
since 20192.283.020.407
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71027A0263/00L000 | Flanders | 1,013 m² | 1 · 147 m² | 8.5 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 450 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 450 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
2549007GBA2PNGAN1826
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 6,224 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
Founded19-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43211General electrical installation work
43221Plumbing work
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.