RELIANCE
ActiveSummary
RELIANCE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €862k and a net result of €19k. Equity is growing by ~39% per year across the filed fiscal years. Its solvency ranks better than 86% of 463 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
94
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+64
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 4.78 against 6.48 in 2024; short-term debt: 9.7% and cash: 39% of total assets), and 18.7% 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 88
Relative position
BE, all sectors
reference
Sector 88
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young 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
81.3%
Return on assets
1.8%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
35 d early
2023
34 d early
2022
33 d early
2021
34 d early
2020
31 d early
2019
30 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€19k
2024 · €-83k
2018: €5k
2019: €47k
2020: €48k
2021: €62k
2022: €101k
2023: €6k
2024: €-83k
2018 → 2025
Working capital
€386k▼ 24.6%
2024 · €513k
2018: €138k
2019: €142k
2020: €171k
2021: €358k
2022: €308k
2023: €298k
2024: €513k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€235k-€335k▲ 42.8%€341k▲ 1.7%€776k▲ 128%€862k▲ 11.0%
Operating result€63k-€101k▲ 60.7%€7k▼ 93.5%€-79k€21k
Net result€62k-€101k▲ 62.8%€6k▼ 94.5%€-83k€19k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €21k after a loss of €79k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.06M
Fixed assets
€571k ▲ 114%
Current assets
€489k ▼ 19.4%
Equity and liabilities €1.06M
Equity
€862k ▲ 11.0%
Debt
€198k ▲ 103%
Debt's share of the balance-sheet total rises from 11.2% to 18.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€76k▲
2024 · €-48k
Cash flow
€74k▲
2024 · €-53k
Current ratio
4.78▼
2024 · 6.48
Debt to equity
0.23▲
2024 · 0.13
ROE
2.2%▲
2024 · -10.7%
ROA
1.8%▲
2024 · -9.5%
Interest coverage
50.36▲
2024 · -11.27
Debt ≤ 1 year
€102k▲
2024 · €94k
Staff costs
€728k▲
2024 · €699k
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 · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€874k€1.06M▲
Fixed assets21/28€267k€571k▲
Tangible fixed assets22/27€263k€566k▲
Land and buildings22€233k€548k▲
Furniture and vehicles24€25k€13k▼
Other tangible fixed assets26€5k€4k▼
Financial fixed assets28€5k€5k▲
Current assets29/58€606k€489k▼
Amounts receivable within one year40/41€263k€73k▼
Trade receivables40€218k-
Other amounts receivable41€45k€73k▲
Cash at bank and in hand54/58€336k€413k▲
Deferred charges and accrued income490/1€8k€3k▼
Equity and liabilities
Total equity and liabilities10/49€874k€1.06M▲
Equity10/15€776k€862k▲
Profit (loss) carried forward14€258k€277k▲
Investment grants15€518k€584k▲
Amounts payable17/49€98k€198k▲
Amounts payable within one year42/48€94k€102k▲
Trade debts44€39k€33k▼
Suppliers440/4€39k€33k▼
Taxes, remuneration and social security45€55k€69k▲
Remuneration and social security454/9€55k€69k▲
Accrued charges and deferred income492/3€4k€96k▲
Income statement
Code20242025
Remuneration, social security and pensions62€699k€728k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€55k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€0€275▲
Gross operating margin9900€652k€806k▲
Operating profit (loss)9901€-79k€21k▲
Financial income75/76B€3€20▲
Recurring financial income75€3€20▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€-83k€19k▲
Profit (loss) for the period9904€-83k€19k▲
Profit (loss) for the period to be appropriated9905€-83k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€258k€277k▲
Profit (loss) brought forward from the previous period14P€341k€258k▼
The notes to these accounts (9 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-83k
Net result drops to €-83k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 6.48
Current ratio from 3.11 to 6.48; short-term debt falls from €141k to €94k.
31-12
Financial
Equity above €500kEq €776k ▲128%
Equity rises from €341k to €776k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €101k ▲62.8%
Operating result €101k, net result €101k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €235k ▲35.7%
4 profitable years in a row build equity to €235k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-12
Financial
Equity above €150kEq €173k ▲38.2%
3 profitable years in a row build equity to €173k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €100kEq €125k ▲61%
2 profitable years in a row build equity to €125k.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2015
22-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Visé · 1 establishment unit since 2008
Ground area
122 m²
Building footprint
193 m²
Volume, LiDAR
2,164 m³
Parcel 62108C0290/00H000, Wallonia · tallest building 19.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
RELIANCE
since 20082.198.688.607
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62108C0290/00H000 | Wallonia | 122 m² | 1 · 193 m² | 19.7 m · 4 fl. |
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.
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 to 2025 · 47 entries · 1,815,688 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 19 | 470,029 EUR |
| 2024 | 12 | 455,900 EUR |
| 2023 | 11 | 505,064 EUR |
| 2022 | 2 | 364,072 EUR |
| 2021 | 3 | 20,624 EUR |
Budget allocations
Subventions aux services d'actions en milieu ouvert
Subventions aux services d’actions en milieu ouvert
Subventions visant à soutenir la mise en oeuvre d'actions portées par les services d'action en milieu ouvert (AMO)
Soutien aux projets transversaux et locaux de promotion des droits culturels et de l'interculturalité
Fonds budgétaire destiné à subventionner des actions et des mesures d'aide à la jeunesse et de protection de la jeunesse
Show 8 more
Financement du décret relatif à la lutte contre la pauvreté et à la réduction des inégalités sociales
Initiatives en lien avec l’Egalité des chances, la lutte contre toutes formes de discrimination, l’interculturalité et la Citoyenneté en FWB
Subventions aux actions de prévention spécialisée
Dépenses de toute nature relatives à un appel à projets en matière de démocratie scolaire et d’activités citoyennes
Projet européen "Mindchangers" (dépenses hors rémunérations)
Fonds budgétaire pour la réalisation de programmes d'actions ou de formation et de réinsertion professionnelles dans l'enseignementobligatoire de plein exercice, ordinaire et spécialisé, et l'enseignement en alternance
Soutien aux projets transversaux et locaux de promotion des droits culturels et de l'interculturalité - Subventions pluriannuelles
Soutien aux secteurs de l'aide à la jeunesse
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INTEGRATIE EN ZELFSTANDIG WONEN VAN FYSIEK GEHANDICAPTE PERSONEN
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Action locale pour l'Emploi
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Of 2,203 companies in sector 88999 we hold annual accounts for 802. 594 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded21-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
88999Other social work without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.