Financials
- Fiscal year
- 2024
- Total assets
- €1.6m
- Profit
- €73,320
- Solvency
- 33.2%
Total assets▲ 4.2%
Net result
20182024
Relco
ActiveSummary
Relco has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €532,489 and a net result of €73,320. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 40% of 6131 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Wholesale of machine tools
NACE 46620Engineering and related technical consultancy, excluding land surveyors NACE 71121NACE 74203
#3 oldest company in Braine-le-Château, Wholesale and retail trade sector1 site
Size
€1.6mtotal assets 2024
- Staff
- 8.3 FTE
- Equity
- €532,489
- Profit
- €73,320
Structure
Accounts 67 d overdue0 of 5 deeds read
Why 85- Figures for FY 2024 (filed 02-08-2025)+ Founded in 1973+ Liquidity: current ratio 2.24, cash €295,533+ Profit of €73,320 (FY 2024)Show the evidence
Checked score
Score 2024
85
/ 100
Excellent
Probability in this band: under 0.55%
Better than 62% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
58+3
equity 33.2% of total assets
Liquidity
65+12
short-term debt 22.2% · cash 18.4%
Profitability
74=
return on assets 4.6%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%● 0.0% vs 11-2024
01-2025: 0.3%● 0.0% vs 12-2024
02-2025: 0.3%● 0.0% vs 01-2025
03-2025: 0.3%● 0.0% vs 02-2025
04-2025: 0.3%▲ +2.3% vs 03-2025
05-2025: 0.3%▲ +2.3% vs 04-2025
06-2025: 0.3%● 0.0% vs 05-2025
07-2025: 0.4%▲ +34.0% vs 06-2025
08-2025: 0.7%▲ +82.2% vs 07-2025highest value
09-2025: 0.1%▼ -88.5% vs 08-2025
10-2025: 0.1%● 0.0% vs 09-2025
11-2025: 0.1%● 0.0% vs 10-2025
12-2025: 0.1%● 0.0% vs 11-2025
01-2026: 0.1%● 0.0% vs 12-2025
02-2026: 0.1%● 0.0% vs 01-2026
03-2026: 0.1%● 0.0% vs 02-2026
04-2026: 0.1%▲ +1.3% vs 03-2026
05-2026: 0.1%▲ +1.3% vs 04-2026
06-2026: 0.1%▼ -5.2% vs 05-2026lowest value
07-2026: 0.1%▲ +2.7% vs 06-2026
08-2026: 0.2%▲ +167% vs 07-2026
09-2026: 0.2%▲ +23.5% vs 08-2026
10-2026: 0.4%▲ +66.0% vs 09-2026
- Figures for FY 2024 (filed 02-08-2025) raises the probability
- Founded in 1973 lowers the probability for this profile
- Liquidity: current ratio 2.24, cash €295,533 lowers the probability
- Profit of €73,320 (FY 2024) lowers the probability
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.24 against 2.21 in 2023; short-term debt: 22.2% and cash: 18.4% of total assets), but 66.8% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 43%, liquidity 71%, profitability 62%, growth against the median 72%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
25 d late
2022
4 d early
2021
30 d late
2020
31 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · full…
- Highest result since 2018net €73,320 ▲9.5%
- Equity above €500,000Eq €532,489 ▲16%
Key points
By topic
Timeline
- Events
- 14
- Since
- 2016
- 30-07-2025Annual accounts filed
- 31-12-2024Highest result since 2018
- 31-12-2024Equity above €500,000
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Wholesale of machine toolsNACE 46620
- Founded
- 31-08-1973
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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