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RELF

Active
Private limited companyfounded 20242 yrs activeFazantendreef 30, 3140 Keerbergen, BelgiumKBO/BCE: BE 1013.009.008
Summary

The computed 12-month bankruptcy probability of RELF is 3.2% (moderate). The 2025 annual accounts show equity of €78,172 and a net result of -€21,828. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability21
Solvency32
Growth-
Track record67
Bankruptcy probability, 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.48; short-term debt: 10.1% and cash: 0.9% of total assets), and 92.8% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 1 filing
Deviation from the deadline
2025
24 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 30 August 2024, RELF was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€78,172
Total assets
€1.1m
Net result
-€21,828
Working capital
-€56,290

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €1.1m
Fixed assets €1.0m
Current assets €52,413
Equity and liabilities €1.1m
Equity €78,172
Debt €1.0m
Debt finances 92.8% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€25,633
Cash flow
-€20,761
Current ratio
0.48
Debt to equity
12.82
ROE
-27.9%
ROA
-2.0%
Interest coverage
0.55
Debt ≤ 1 year
€108,703
Debt > 1 year
€893,281

Peer companies

Historical observation

Of the 865 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
1.5% went bankrupt
1.7% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 865 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€1.1m
Formation expenses20€2,315
Fixed assets21/28€1.0m
Tangible fixed assets22/27€1.0m
Land and buildings22€1.0m
Plant, machinery and equipment23€1,498
Furniture and vehicles24€330
Current assets29/58€52,413
Amounts receivable within one year40/41€40,460
Trade receivables40€40,425
Other amounts receivable41€35
Cash at bank and in hand54/58€9,474
Deferred charges and accrued income490/1€2,479
Equity and liabilities
Total equity and liabilities10/49€1.1m
Equity10/15€78,172
Contributions10/11€100,000
Profit (loss) carried forward14-€21,828
Amounts payable17/49€1.0m
Amounts payable after more than one year17€893,281
Financial debts170/4€893,281
Amounts payable within one year42/48€108,703
Current portion of amounts payable after more than one year42€33,516
Trade debts44€1,271
Suppliers440/4€1,271
Other amounts payable47/48€73,916
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,067
Other operating charges640/8€5,689
Gross operating margin9900€31,322
Operating profit (loss)9901€24,566
Financial income75/76B€116
Recurring financial income75€116
Financial charges65/66B€46,510
Recurring financial charges65€46,510
Profit (loss) for the period before taxes9903-€21,828
Profit (loss) for the period9904-€21,828
Profit (loss) for the period to be appropriated9905-€21,828
Appropriation of the result
Profit (loss) to be appropriated9906-€21,828

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,067
Other operating charges640/8€5,689
Gross operating margin9900€31,322
Operating profit (loss)9901€24,566
Financial income75/76B€116
Recurring financial income75€116
Financial charges65/66B€46,510
Recurring financial charges65€46,510
Profit (loss) for the period before taxes9903-€21,828
Profit (loss) for the period9904-€21,828
Profit (loss) for the period to be appropriated9905-€21,828
Line2025
Assets
Total assets20/58€1.1m
Formation expenses20€2,315
Fixed assets21/28€1.0m
Tangible fixed assets22/27€1.0m
Land and buildings22€1.0m
Plant, machinery and equipment23€1,498
Furniture and vehicles24€330
Current assets29/58€52,413
Amounts receivable within one year40/41€40,460
Trade receivables40€40,425
Other amounts receivable41€35
Cash at bank and in hand54/58€9,474
Deferred charges and accrued income490/1€2,479
Equity and liabilities
Total equity and liabilities10/49€1.1m
Equity10/15€78,172
Contributions10/11€100,000
Profit (loss) carried forward14-€21,828
Amounts payable17/49€1.0m
Amounts payable after more than one year17€893,281
Financial debts170/4€893,281
Amounts payable within one year42/48€108,703
Current portion of amounts payable after more than one year42€33,516
Trade debts44€1,271
Suppliers440/4€1,271
Other amounts payable47/48€73,916
Line2025
Profit (loss) for the period9904-€21,828
+ Depreciation and write-downs630€1,067
Operating cash flow (approximation)-€20,761

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
24-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
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, Keerbergen · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
5,860 m²
Building footprint
664 m²
Volume, LiDAR
4,004 m³
2 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
RELF
Kruishoevestraat 16, 3140 KeerbergenReal estate activities
since 20242.363.127.658
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24472G0252/00B003 Flanders 3,952 m² 1 · 415 m² 9.6 m · 2 fl.
24472G0252/00E003 Flanders 1,908 m² 1 · 249 m² 10.5 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded30-08-2024
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:1013009008
Also 9925:BE1013009008
Registered 17-03-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.