RELCO MANAGEMENT
ActiveSummary
RELCO MANAGEMENT has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €2k. Its solvency ranks better than 16% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-17
Solvency34▼-4
Growth52
Track record82
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.4 in 2024; short-term debt: 91.4% and cash: 17.2% of total assets), and 91.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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
8.6%
Return on assets
1.1%
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 16% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
1 d early
2024
37 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€15k▲ 15.0%
2024 · €13k
Total assets
€169k▲ 72.5%
2024 · €98k
Net result
€2k▼ 75.2%
2024 · €8k
Working capital
€-125k▼ 144%
2024 · €-51k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€11k-€3k▼ 73.7%
Net result€8k-€2k▼ 75.2%
Equity€13k-€15k▲ 15.0%
Total assets€98k-€169k▲ 72.5%
Debt€85k-€155k▲ 81.0%
Working capital€-51k-€-125k▼ 144%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 74% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €169k
Fixed assets
€140k ▲ 119%
Current assets
€29k ▼ 14.3%
Equity and liabilities €169k
Equity
€15k ▲ 15.0%
Debt
€155k ▲ 81.0%
Debt's share of the balance-sheet total rises from 87.1% to 91.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4k▼
2024 · €11k
Cash flow
€3k▼
2024 · €8k
Current ratio
0.19▼
2024 · 0.40
Debt to equity
10.64▲
2024 · 6.76
ROE
13.0%▼
2024 · 60.4%
ROA
1.1%▼
2024 · 7.8%
Interest coverage
4.91▼
2024 · 16.14
Debt ≤ 1 year
€155k▲
2024 · €85k
Income taxes
€206▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €364 | €784 | ▲ 115% |
| Other operating charges640/8 | €405 | - | - |
| Gross operating margin9900 | €12k | €4k | ▼ 68.6% |
| Operating profit (loss)9901 | €11k | €3k | ▼ 73.7% |
| Financial charges65/66B | €689 | €736 | ▲ 6.9% |
| Recurring financial charges65 | €689 | €736 | ▲ 6.9% |
| Profit (loss) for the period before taxes9903 | €10k | €2k | ▼ 79.2% |
| Income taxes67/77 | €2k | €206 | ▼ 91.5% |
| Profit (loss) for the period9904 | €8k | €2k | ▼ 75.2% |
| Profit (loss) for the period to be appropriated9905 | €8k | €2k | ▼ 75.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €98k | €169k | ▲ 72.5% |
| Fixed assets21/28 | €64k | €140k | ▲ 119% |
| Tangible fixed assets22/27 | €2k | €2k | ▼ 4.9% |
| Furniture and vehicles24 | €2k | €2k | ▼ 4.9% |
| Financial fixed assets28 | €62k | €138k | ▲ 123% |
| Current assets29/58 | €34k | €29k | ▼ 14.3% |
| Amounts receivable within one year40/41 | €17k | €66 | ▼ 99.6% |
| Trade receivables40 | €17k | - | - |
| Other amounts receivable41 | €19 | €66 | ▲ 252% |
| Cash at bank and in hand54/58 | €17k | €29k | ▲ 72.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €98k | €169k | ▲ 72.5% |
| Equity10/15 | €13k | €15k | ▲ 15.0% |
| Contributions10/11 | €5k | €5k | = |
| Outside capital11 | €5k | - | - |
| Other1109/19 | €5k | - | - |
| Profit (loss) carried forward14 | €8k | €10k | ▲ 24.8% |
| Amounts payable17/49 | €85k | €155k | ▲ 81.0% |
| Amounts payable within one year42/48 | €85k | €155k | ▲ 81.0% |
| Financial debts43 | €72k | €145k | ▲ 99.9% |
| Credit institutions430/8 | €72k | €145k | ▲ 99.9% |
| Trade debts44 | €299 | €3k | ▲ 932% |
| Suppliers440/4 | €299 | €3k | ▲ 932% |
| Taxes, remuneration and social security45 | €13k | €7k | ▼ 46.2% |
| Taxes450/3 | €13k | €7k | ▼ 46.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €2k | ▼ 75.2% |
| + Depreciation and write-downs630 | €364 | €784 | ▲ 115% |
| Operating cash flow (approximation) | €8k | €3k | ▼ 66.6% |
| Investment in fixed assets (approximation) | - | €-77k | - |
| Change in cash | - | €12k | - |
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
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Elsene · 1 establishment unit since 2024
Ground area
135 m²
Building footprint
64 m²
Volume, LiDAR
664 m³
Parcel 21445C0293/00R008, Brussels · tallest building 12.2 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
RELCO MANAGEMENT
since 20242.363.082.128
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0293/00R008 | Brussels | 135 m² | 1 · 64 m² | 12.2 m · 4 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.
Similar companies · same sector, comparable size
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 27,131 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
Founded29-07-2024
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.