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Remove-it

Active
Private limited companyfounded 2025active for 1 yearGentse Steenweg 399, 9160 Lokeren, BelgiumKBO/BCE: BE 1020.287.669
Summary

Remove-it has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,691 and a net result of €1,191. Its solvency ranks better than 20% of 34,747 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Financials · financial year 2025, micro format

Equity
€3,691
Total assets
€21,241
Net result
€1,191
Working capital
€1,615

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

Balance-sheet composition
Equity and liabilities €21,241
Equity €3,691
Debt €17,550
Debt finances 82.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€2,495
Cash flow
€1,617
Current ratio
1.09
Debt to equity
4.75
ROE
32.3%
ROA
5.6%
Interest coverage
25.01
Debt ≤ 1 year
€17,550
Income taxes
€778

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96.7% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
96.7% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% 0.9%
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 74.5% 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 2,390 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 · 32 lines
Balance sheet Code2025
Assets
Total assets20/58€21,241
Formation expenses20€2,077
Current assets29/58€19,164
Amounts receivable within one year40/41€9,890
Trade receivables40€7,004
Other amounts receivable41€2,886
Cash at bank and in hand54/58€8,371
Deferred charges and accrued income490/1€903
Equity and liabilities
Total equity and liabilities10/49€21,241
Equity10/15€3,691
Contributions10/11€2,500
Profit (loss) carried forward14€1,191
Amounts payable17/49€17,550
Amounts payable within one year42/48€17,550
Trade debts44€2,607
Suppliers440/4€2,607
Taxes, remuneration and social security45€4,028
Taxes450/3€4,028
Other amounts payable47/48€10,915
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€426
Other operating charges640/8€540
Gross operating margin9900€3,035
Operating profit (loss)9901€2,069
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€100
Recurring financial charges65€100
Profit (loss) for the period before taxes9903€1,969
Income taxes67/77€778
Profit (loss) for the period9904€1,191
Profit (loss) for the period to be appropriated9905€1,191
Appropriation of the result
Profit (loss) to be appropriated9906€1,191

The notes to these accounts (5 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€426
Other operating charges640/8€540
Gross operating margin9900€3,035
Operating profit (loss)9901€2,069
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€100
Recurring financial charges65€100
Profit (loss) for the period before taxes9903€1,969
Income taxes67/77€778
Profit (loss) for the period9904€1,191
Profit (loss) for the period to be appropriated9905€1,191
Line2025
Assets
Total assets20/58€21,241
Formation expenses20€2,077
Current assets29/58€19,164
Amounts receivable within one year40/41€9,890
Trade receivables40€7,004
Other amounts receivable41€2,886
Cash at bank and in hand54/58€8,371
Deferred charges and accrued income490/1€903
Equity and liabilities
Total equity and liabilities10/49€21,241
Equity10/15€3,691
Contributions10/11€2,500
Profit (loss) carried forward14€1,191
Amounts payable17/49€17,550
Amounts payable within one year42/48€17,550
Trade debts44€2,607
Suppliers440/4€2,607
Taxes, remuneration and social security45€4,028
Taxes450/3€4,028
Other amounts payable47/48€10,915
Line2025
Profit (loss) for the period9904€1,191
+ Depreciation and write-downs630€426
Operating cash flow (approximation)€1,617

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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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 25-06-2026 2026-00195889

Similar companies · same sector, comparable size

Of the 8,345 active companies whose main activity is site preparation (NACE 43120), figures are known for 3,300. 815 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.