Equity
REPA paid out €25,000 in dividends. That is 267% of the 2025 profit.
REPA paid out €25,000 in dividends. That is 267% of the 2025 profit.
Back in profit in 2025, after a loss of €153,617 in 2024.
The accounts state no turnover.
Short-term debts fell from €20,277 to €11,588.
Ten of the last ten came late. The 2020 accounts came latest: 31 days after the end of the period.
Higher solvency than 95% of companies in architecture and engineering. Sector median 53.9% · 11,794 companies.
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 71, micro). It does better than 87% of them on solvency, 48% on liquidity, 37% on profitability and 34% on growth.
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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 10,904 companies had the same profile as REPA has now. Each dot stands for 28 companies, two years later.
That fits the bankruptcy probability of REPA itself: 0.1% within 12 months.
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 10,904 companies, not a prediction for REPA. 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.
Liquidity is ample, with a current ratio of 2.24 (1.44 in 2024), above the usual 1.5. Short-term debt is 4.6% and cash 8.7% of total assets. 4.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 29 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| REPA Berlare | €252,526 | €37,548 | 95.4% | - |
| CVNIndustries Aalter | €258,546 | €38,767 | 29.5% | - |
| THE PROTOCOL ROOM Lievegem | €280,202 | €38,557 | 49.6% | - |
| L-INREDA Ninove | €263,432 | €39,634 | 35.5% | - |
| SkyCom Gerpinnes | €250,037 | €36,553 | 37.9% | - |
| LUPAM Lommel | €236,587 | €36,260 | 90.9% | - |
| Dynamic Engineering Watermael-Boitsfort | €299,097 | €35,815 | -27.7% | - |
These companies have the same main activity as REPA: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €237,000 and €299,000, founded between 2009 and 2012.
REPA files the micro format. That format states no turnover. The gross margin fell from €42,285 in 2011 to €37,548 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €74,000 and €150,000.
Higher than 95% of 11,794 companies in 2025.
Higher than 53% of 11,521 companies in 2025.
Higher than 31% of 11,605 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
252,526 | 268,263 | 446,565 | 73,793 | 62,256 | 78,481 | 61,110 | 65,716 | 66,680 | 63,280 | 52,249 | 54,427 | 47,164 | 37,603 | 49,688 | |
21/28 |
226,541 | 239,050 | 142,971 | 30,167 | 3,303 | 5,020 | 2,005 | 2,722 | 3,439 | 1,638 | 2,103 | 4,836 | 7,842 | 10,276 | 11,389 | |
22/27 |
226,446 | 238,955 | 22,971 | 30,167 | 3,303 | 5,020 | 2,005 | 2,722 | 3,439 | 1,638 | 2,103 | 4,836 | 7,842 | 10,276 | 11,389 | |
22 |
198,552 | 213,600 | - | 332 | 1,012 | 1,692 | - | - | - | - | - | - | - | - | - | |
23 |
- | - | - | 248 | 1,033 | 1,818 | 150 | 245 | 340 | 435 | 530 | 1,017 | 1,572 | 2,235 | 1,735 | |
24 |
14,502 | 18,812 | 22,216 | 29,588 | 1,259 | 1,511 | 1,855 | 2,477 | 3,098 | 1,203 | 1,573 | 3,819 | 6,270 | 8,040 | 9,653 | |
26 |
13,392 | 6,543 | 755 | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
95 | 95 | 120,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
25,985 | 29,213 | 303,594 | 43,626 | 58,952 | 73,461 | 59,105 | 62,994 | 63,241 | 61,642 | 50,147 | 49,591 | 39,322 | 27,328 | 38,299 | |
40/41 |
3,509 | 6,216 | 33,193 | 6,050 | 16,512 | 715 | 959 | 6,735 | 9,505 | 13,458 | 17,338 | 39,738 | 24,889 | 27,328 | 16,511 | |
40 |
3,509 | 5,946 | 32,983 | 6,050 | - | - | - | 3,465 | 4,935 | 7,468 | 8,389 | 10,168 | 4,824 | 4,050 | 555 | |
41 |
- | 270 | 210 | - | 16,512 | 715 | 959 | 3,269 | 4,570 | 5,989 | 8,949 | 29,570 | 20,066 | 23,278 | 15,956 | |
54/58 |
22,032 | 22,317 | 270,401 | 37,576 | 42,440 | 72,746 | 57,919 | 56,144 | 53,086 | 48,184 | 32,809 | 9,854 | 14,432 | - | 21,788 | |
490/1 |
444 | 681 | - | - | - | - | 226 | 116 | 650 | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
252,526 | 268,263 | 446,565 | 73,793 | 62,256 | 78,481 | 61,110 | 65,716 | 66,680 | 63,280 | 52,249 | 54,427 | 47,164 | 37,603 | 49,688 | |
10/15 |
240,844 | 247,921 | 401,538 | 54,713 | 52,369 | 63,418 | 53,965 | 63,880 | 62,906 | 60,904 | 48,412 | 49,332 | 42,700 | 34,848 | 47,564 | |
10/11 |
18,550 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | 8,550 | 8,550 | 8,550 | 8,550 | 8,550 | 8,550 | 8,550 | 8,550 | 8,550 | |
11 |
- | - | - | 10,000 | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | 10,000 | - | - | - | - | - | - | - | - | - | - | - | |
13 |
222,294 | 237,921 | 391,538 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | |
130/1 |
- | - | 1,855 | 1,855 | 1,855 | 1,855 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | |
1311 |
- | - | 1,855 | 1,855 | 1,855 | 1,855 | - | - | - | - | - | - | - | - | - | |
133 |
222,294 | 237,921 | 389,683 | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
- | - | - | 42,858 | 40,514 | 51,563 | 42,110 | 52,025 | 51,051 | 49,049 | 36,557 | 37,477 | 30,845 | 22,993 | 35,709 | |
17/49 |
11,682 | 20,343 | 45,028 | 19,080 | 9,886 | 15,062 | 7,145 | 1,836 | 3,773 | 2,376 | 3,837 | 5,095 | 4,463 | 2,755 | 2,124 | |
17 |
- | - | - | - | - | - | 1,983 | - | - | - | - | - | - | - | - | |
178/9 |
- | - | - | - | - | - | 1,983 | - | - | - | - | - | - | - | - | |
42/48 |
11,588 | 20,277 | 45,028 | 19,080 | 9,877 | 15,062 | 5,162 | 1,836 | 3,773 | 2,341 | 3,801 | 4,527 | 4,456 | 2,491 | 1,930 | |
43 |
- | - | - | - | - | - | - | 1,672 | 1,677 | 1,632 | 1,678 | 1,713 | 1,710 | - | - | |
430/8 |
- | - | - | - | - | - | - | 1,672 | 1,677 | 1,632 | 1,678 | 1,713 | 1,710 | - | - | |
44 |
481 | 6,645 | 17,849 | 337 | 3,598 | 5,313 | 2,245 | 164 | 1,457 | 709 | 262 | 1,101 | 236 | 1,919 | 104 | |
440/4 |
481 | 6,645 | 17,849 | 337 | 3,598 | 5,313 | 2,245 | 164 | 1,457 | 709 | 262 | 1,101 | 236 | 1,919 | 104 | |
45 |
4,680 | 1,549 | 25,775 | 8,096 | - | 3,471 | - | - | 639 | - | 1,861 | 1,713 | 1,611 | - | - | |
450/3 |
4,680 | 1,549 | 16,775 | 8,096 | - | 3,471 | - | - | 639 | - | 1,861 | 1,713 | 1,611 | - | - | |
454/9 |
- | - | 9,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
6,427 | 12,083 | 1,404 | 10,647 | 6,279 | 6,279 | 2,918 | - | - | - | - | - | 900 | 572 | 1,826 | |
492/3 |
95 | 66 | - | - | 9 | - | - | - | - | 35 | 36 | 568 | 7 | 264 | 194 | |
| Income statement | ||||||||||||||||
9900 |
37,548 | 18,184 | 292,742 | 44,509 | -8,698 | 17,368 | 6,744 | 17,093 | 26,730 | 38,705 | 36,754 | 23,773 | 24,345 | -5,349 | 42,285 | |
630 |
23,151 | 19,425 | 7,196 | 4,960 | 1,717 | 1,242 | 717 | 717 | 717 | 465 | 2,733 | 3,006 | 3,006 | 2,623 | 3,652 | |
631/4 |
- | 29,738 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
1,111 | 1,673 | 1,722 | 313 | 180 | 179 | 191 | 187 | 220 | 216 | 216 | 755 | 191 | 420 | 1,014 | |
9901 |
13,287 | -32,652 | 283,824 | 39,236 | -10,594 | 15,948 | 5,837 | 16,190 | 25,793 | 38,024 | 33,805 | 20,013 | 21,148 | -8,392 | 37,619 | |
75/76B |
31 | 0 | 63,522 | - | - | 0 | - | 5 | 54 | 14 | 3 | 3 | 4 | 3 | 50 | |
75 |
31 | 0 | 63,522 | - | - | 0 | - | 5 | 54 | 14 | 3 | 3 | 4 | 3 | 50 | |
65/66B |
267 | 120,826 | 357 | 281 | 455 | 286 | 293 | 221 | 351 | 295 | 2,094 | 2,789 | 616 | 326 | 102 | |
65 |
267 | 826 | 357 | 281 | 455 | 286 | 293 | 221 | 351 | 295 | 2,094 | 2,789 | 616 | 326 | 102 | |
66B |
- | 120,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
13,050 | -153,478 | 346,989 | 38,954 | -11,049 | 15,661 | 5,544 | 15,974 | 25,496 | 37,743 | 31,713 | 17,227 | 20,536 | -8,715 | 37,567 | |
67/77 |
3,677 | 140 | 164 | 8,039 | - | 5,408 | 5,734 | 5,000 | 13,494 | 11,553 | 4,402 | 10,595 | 12,684 | 4,000 | 3 | |
9904 |
9,373 | -153,617 | 346,824 | 30,915 | -11,049 | 10,254 | -190 | 10,974 | 12,003 | 26,190 | 27,312 | 6,632 | 7,852 | -12,715 | 37,564 | |
9905 |
9,373 | -153,617 | 346,824 | 30,915 | -11,049 | 10,254 | -190 | 10,974 | 12,003 | 26,190 | 27,312 | 6,632 | 7,852 | -12,715 | 37,564 | |
| Appropriation of the result | ||||||||||||||||
9906 |
9,373 | -153,617 | 389,683 | 71,430 | 40,514 | 52,363 | 51,835 | 62,025 | 61,051 | 62,747 | 64,789 | 37,477 | 30,845 | 22,993 | 37,564 | |
14P |
- | - | 42,858 | 40,514 | 51,563 | - | - | - | - | - | - | - | - | - | - | |
791/2 |
25,000 | 153,617 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
9,373 | - | 389,683 | - | - | - | - | - | - | - | 921 | - | - | - | 1,855 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,855 | |
6921 |
9,373 | - | 389,683 | - | - | - | - | - | - | - | 921 | - | - | - | - | |
694/7 |
25,000 | - | - | 28,571 | - | 800 | 9,726 | 10,000 | 10,000 | 13,699 | 27,312 | - | - | - | - | |
694 |
25,000 | - | - | 28,571 | - | 800 | 9,726 | 10,000 | 10,000 | 13,699 | 27,312 | - | - | - | - | |
| Document | ||||||||||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00494402.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00494402 | |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00477597 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00451508 | |
| 31-12-2022 | abbreviated format | 27-08-2023 | 2023-00363977 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20372529 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-57900374 | |
| 31-12-2019 | micro format | 25-08-2020 | 2020-44700222 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-55300505 | |
| 31-12-2017 | micro format | 24-08-2018 | 2018-48700398 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-49000180 | |
| 31-12-2015 | abbreviated format | 24-08-2016 | 2016-46000172 | |
| 31-12-2014 | abbreviated format | 24-08-2015 | 2015-45300454 | |
| 31-12-2013 | abbreviated format | 24-06-2014 | 2014-21000313 | |
| 31-12-2012 | abbreviated format | 26-08-2013 | 2013-46000562 | |
| 31-12-2011 | abbreviated format | 28-08-2012 | 2012-47500115 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 36,437 | -13,227 | 291,021 | 44,196 | -8,878 | 17,189 | 6,553 | 16,906 | 26,510 | 38,489 | 36,538 | 23,019 | 24,154 | -5,769 | 41,271 | ||
| 32,524 | -134,192 | 354,021 | 35,875 | -9,332 | 11,496 | 527 | 11,691 | 12,719 | 26,655 | 30,045 | 9,638 | 10,858 | -10,093 | 41,216 | ||
| 10,641 | 235,504 | 120,000 | 31,824 | 0 | 4,257 | 0 | 0 | 2,518 | 0 | 0 | 0 | 1,471 | 1,510 | 15,041 | ||
| -284 | -248,085 | 232,825 | -4,864 | -30,306 | 14,826 | 1,776 | 3,058 | 4,902 | 15,376 | 22,955 | -4,579 | - | - | - | ||
| 14,398 | 8,936 | 258,567 | 24,546 | 49,075 | 58,398 | 53,942 | 61,158 | 59,468 | 59,301 | 46,346 | 45,065 | 34,866 | 24,837 | 36,369 | ||
| 95.4% | 92.4% | 89.9% | 74.1% | 84.1% | 80.8% | 88.3% | 97.2% | 94.3% | 96.2% | 92.7% | 90.6% | 90.5% | 92.7% | 95.7% | ||
| 2.24 | 1.44 | 6.74 | 2.29 | 5.97 | 4.88 | 11.45 | 34.31 | 16.76 | 26.33 | 13.19 | 10.95 | 8.82 | 10.97 | 19.85 | ||
| 0.05 | 0.08 | 0.11 | 0.35 | 0.19 | 0.24 | 0.13 | 0.03 | 0.06 | 0.04 | 0.08 | 0.10 | 0.10 | 0.08 | 0.04 | ||
| 3.9% | -62.0% | 86.4% | 56.5% | -21.1% | 16.2% | -0.4% | 17.2% | 19.1% | 43.0% | 56.4% | 13.4% | 18.4% | -36.5% | 79.0% | ||
| 3.7% | -57.3% | 77.7% | 41.9% | -17.7% | 13.1% | -0.3% | 16.7% | 18.0% | 41.4% | 52.3% | 12.2% | 16.6% | -33.8% | 75.6% | ||
| over 100 | -16.01 | over 100 | over 100 | -19.53 | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €10,641 | €235,409 | - | €31,824 | - |
| Financial fixed assets | - | €95 | €120,000 | - | - |
| €23,151 | €19,425 | €7,196 | €4,960 | €1,717 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €13,287, after a loss of €32,652 in 2024.
Debt's share of the balance-sheet total falls from 7.6% to 4.6%. Equity and debt are lower.
| Name | 2024 | 2025 |
|---|---|---|
| I-solariNL | 3% | |
Source: list of holdings in its own accounts
The network starts from the directors of REPA. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Kerkstraat 117A registered office 9290 Berlare 43211 General electrical installation work | 08-12-2010 | 2.195.316.767 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 42017D1264/00L000 | 768 m² | 1 · 113 m² | 0.6 m |
If something looks wrong or is missing, please tell us.