Equity
REPRO paid out €326,400 in dividends. That is 75% of the 2025 profit.
REPRO paid out €326,400 in dividends. That is 75% of the 2025 profit.
The result fell in 2025 from €1.2m to €433,480.
REPRO pays its suppliers 11 days later than in 2024. Customers pay 16 days later.
Short-term debts fell from €1.8m to €1.1m.
The last five annual accounts were filed 21 to 31 days before the end of the period.
Higher solvency than 95% of companies in food products. Sector median 39.6% · 792 companies.
The dashed line is the sector median: 0.3% across 226 companies (NACE 10, medium-sized).
About 2 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 10, medium-sized). It does better than 93% of them on solvency, 78% on liquidity, 18% on profitability and 15% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-05-2025.
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, 1,887 companies had the same profile as REPRO has now. Each dot stands for 5 companies, two years later.
That fits the bankruptcy probability of REPRO itself: 0.2% 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 1,887 companies, not a prediction for REPRO. 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 12.44 (8.14 in 2024), above the usual 1.5. Short-term debt is 8% and cash 0.1% of total assets. 8% 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 23 days before the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| REPRO Deinze | €8.5m | 3.5% | 92.0% | - |
| OLIEFABRIEK LICHTERVELDE Lichtervelde | €5.1m | 4.1% | 83.7% | 14 |
| STELLA Mouscron | €20.1m | 12.3% | 29.1% | 36.4 |
| EUROFAT Zwevegem | €20.7m | 23.2% | 31.9% | 10 |
| OLEUM OLIESLAGERIJ Oudenaarde | €20.1m | 8.0% | 71.1% | 10.3 |
| OLENSE KIPPEVERWERKING Denderleeuw | €11.5m | 12.6% | 70.7% | 13.7 |
| PROGRA Hulshout | €25.8m | 25.8% | 89.6% | 12.6 |
Grey: the largest companies of the sector (food products (NACE 10)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as REPRO: manufacture of food products (NACE 10410). They are comparable in size and age: total assets between €5.6m and €29m, founded between 1983 and 2013.
REPRO has existed since 1989. Turnover fell from €74.7m in 2022 to €13.9m in 2023.
Vandamme Beheer holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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