Debts
€57,441 95% of the balance sheet
Suppliers 40%Taxes and wages 18%Other 42%
REP SERVICES
Lifetime
1 annual account with figurespeak €35,792 (2025)
€35,792
peak €22,592 (2025)
€22,592
peak €3,164 (2025)
€3,164
€57,441
Board2 names since 2024
1 directorEL BAKKAL Jaouad
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Key points
from the 2025 annual accountsAt the same address
682 companies
Position in the sector
€3,164
Less equity than 89% of companies in specialised construction. Sector median €57,703 · 35,137 companies.
Checked score
50
Fair
Financially stronger than 36% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 1.9%lowest value
11-2025: 1.9%● unchanged vs 10-2025lowest value
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 2.3%▲ +0.4 percentage points vs 12-2025
02-2026: 2.4%▲ +0.1 percentage points vs 01-2026
03-2026: 2.7%▲ +0.3 percentage points vs 02-2026
04-2026: 2.7%● unchanged vs 03-2026
05-2026: 3.0%▲ +0.3 percentage points vs 04-2026
06-2026: 3.0%● unchanged vs 05-2026highest value
07-2026: 2.9%▼ -0.1 percentage points vs 06-2026
08-2026: 2.9%● unchanged vs 07-2026
09-2026: 3.0%▲ +0.1 percentage points vs 08-2026
10-2026: 3.0%● unchanged vs 09-2026
11-2026: 3.0%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Founded in 2024
Sector: Specialised construction activities (NACE 43)
Size: total assets €60,604
Equity €3,164 (5.2% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 11% of them on solvency, 4% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,157 companies had the same profile as REP SERVICES has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
2.8%
stopped another way
3.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of REP SERVICES itself: 3.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,157 companies, not a prediction for REP SERVICES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 35125 sector peers (2025).
NBB · sector comparisonPosition among 35125 sector peers
Solvency
better than 11%
← 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 31-07-2026, 0 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
on the day
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1014212796
Resignation: EL GHARBI ABDELHAK (director)
Transfer of shares from EL GHARBI ABDELHAK to EL BAKKAL JAOUAD · General meeting of 19-02-2025 · Gazette deed
Incorporation
Founding capital of €2,000, 100 shares · Founders: EL BAKKAL Jaouad (comparant) and EL GHARBI Abdelhak (comparant) · Appointments: EL BAKKAL Jaouad (director) and EL GHARBI Abdelhak (director) · published on 30-09-2024 · Gazette deed
First establishment
Leuvensesteenweg 246, Zaventem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| REP SERVICES Zaventem | €60,604 | €35,792 | 5.2% | - |
| VDW Projects & Solutions Lubbeek | €67,354 | €31,834 | 29.5% | - |
| MAXI HABITAT Zaventem | €61,421 | €39,708 | 67.7% | - |
| TEM-ELEC Sint-Genesius-Rode | €53,396 | €33,789 | 73.7% | - |
| Positron Projects Keerbergen | €59,521 | €42,893 | 50.8% | - |
| Stef Vermeersch Kortemark | €58,973 | €36,816 | 48.8% | - |
| KGI GROUP Tessenderlo-Ham | €63,246 | €39,294 | 41.9% | - |
These companies have the same main activity as REP SERVICES: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €53,400 and €67,400, founded in 2024.
Official details
Source: KBO- Status
- Active since 26-09-2024Normal situation
- Registered office
- 684 active companies are registered at this address137 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.364.186.6411932 Zaventem, since 26-09-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 16-01-2026
Annual accounts 2025
- ≈ €170,000estimated
- €60,604
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on REP SERVICES
The computed 12-month bankruptcy probability of REP SERVICES is 3.0% (moderate). The 2025 annual accounts show equity of €3,164 and a net result of €22,592.
Its solvency ranks better than 11% of 35,125 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about REP SERVICES
- What is the company number of REP SERVICES?
- The company number of REP SERVICES is 1014.212.796. The VAT number is the same number with BE in front: BE 1014.212.796.
- Where is REP SERVICES based?
- The registered office is at Leuvensesteenweg 246, 1932 Zaventem.Company details
- What does REP SERVICES do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of REP SERVICES?
- REP SERVICES is a private limited company (BV).
- When was REP SERVICES founded?
- REP SERVICES was founded on 26-09-2024.
- Is REP SERVICES still active?
- Yes, REP SERVICES is an active enterprise in the KBO register.
- What is the turnover of REP SERVICES?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €35,792 and 45 comparable companies (NACE 43211). It probably lies between €120,000 and €260,000.Financials
- Is REP SERVICES profitable?
- In financial year 2025, REP SERVICES made a profit of €22,592.
- Where can I find the annual accounts of REP SERVICES?
- REP SERVICES filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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