Investments
Green is investment, beige is depreciation.
Green is investment, beige is depreciation.
Short-term debts fell from €12,273 to €4,008.
Lower net result than 95% of companies in computer programming and consultancy. Sector median €28,569 · 21,199 companies.
Flemish support: Innovatieve starterssteun.
The dashed line is the sector median: 0.1% across 25,930 companies (NACE 62, micro).
About 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 62, micro). It does better than 35% of them on solvency, 88% on liquidity, 5% on profitability and 17% on growth.
The bankruptcy probability was computed on 07-11-2026 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, 3,223 companies had the same profile as ReqCon has now. Each dot stands for 9 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ReqCon itself is lower: 0.1% within 12 months. It rests on far more data about ReqCon than the profile alone.
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 3,223 companies, not a prediction for ReqCon. 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 17.74 (5.03 in 2024), above the usual 1.5. Short-term debt is 4.5% and cash 37.5% of total assets. However, 60.7% 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 2 accounts on average 30 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ReqCon Antwerp | €88,963 | -€0.02m | 39.3% | - |
| Perriden Antwerp | €77,926 | -€0.008m | 88.1% | - |
| Heelo Antwerp | €94,334 | -€1.2m | -176.2% | - |
| FAMILIS Verviers | €80,966 | -€0.004m | 99.7% | - |
| Moda-Da-Me Ghent | €76,124 | -€0.007m | 42.1% | - |
| MedHive Gavere | €108,447 | -€0.05m | -30.4% | - |
| BrainPhonics Leuven | €109,963 | -€0.03m | 90.6% | - |
These companies have the same main activity as ReqCon: computer programming (NACE 62100). They are comparable in size and age: total assets between €76,100 and €110,000, founded between 2024 and 2025.
ReqCon has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,955 and a net result of -€25,296.
Its solvency ranks better than 33% of 21,193 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 33% of 21,193 companies in 2025.
Higher than 95% of 20,556 companies in 2025.
Higher than 6% of 20,731 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
88,963 | 72,525 | |
21/28 |
17,864 | 10,764 | |
21 |
14,049 | 8,645 | |
22/27 |
3,815 | 2,119 | |
24 |
3,815 | 2,119 | |
29/58 |
71,099 | 61,761 | |
40/41 |
37,645 | 6,884 | |
40 |
31,861 | 2,587 | |
41 |
5,785 | 4,297 | |
54/58 |
33,369 | 54,507 | |
490/1 |
85 | 369 | |
| Balance sheet: equity and liabilities | |||
10/49 |
88,963 | 72,525 | |
10/15 |
34,955 | 60,252 | |
10/11 |
54,955 | 54,955 | |
14 |
-20,000 | 5,296 | |
17/49 |
54,008 | 12,273 | |
17 |
50,000 | - | |
170/4 |
50,000 | - | |
42/48 |
4,008 | 12,273 | |
44 |
2,070 | 3,913 | |
440/4 |
2,070 | 3,913 | |
45 |
0 | 1,584 | |
454/9 |
0 | 1,584 | |
47/48 |
1,938 | 6,776 | |
| Income statement | |||
9900 |
-17,837 | 8,752 | |
62 |
0 | 2,516 | |
630 |
6,486 | 896 | |
640/8 |
507 | - | |
9901 |
-24,830 | 5,340 | |
75/76B |
38 | - | |
75 |
38 | - | |
65/66B |
504 | 44 | |
65 |
504 | 44 | |
9903 |
-25,296 | 5,296 | |
9904 |
-25,296 | 5,296 | |
9905 |
-25,296 | 5,296 | |
| Appropriation of the result | |||
9906 |
-20,000 | 5,296 | |
14P |
5,296 | - | |
| Document | |||
The notes to these accounts have 10 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 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00486869.
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €0 | €25,000 |
| 2024 | 1 | €50,000 | €25,000 |
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| -18,344 | 6,236 | ||
| -18,810 | 6,192 | ||
| 13,585 | 11,660 | ||
| -21,138 | - | ||
| 67,092 | 49,487 | ||
| 39.3% | 83.1% | ||
| 17.74 | 5.03 | ||
| 1.55 | 0.20 | ||
| -72.4% | 8.8% | ||
| -28.4% | 7.3% | ||
| -36.38 | over 100 |
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 |
|---|---|---|
| Tangible fixed assets | €2,760 | €2,310 |
| Intangible fixed assets | €10,825 | €9,350 |
| €6,486 | €896 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €24,830, after a profit of €5,340 in 2024.
Debt's share of the balance-sheet total rises from 16.9% to 60.7%. Equity is lower and debt is higher.
ReqCon has no parent and no holdings in its annual accounts. ReqCon shares no director with another company.
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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 |
|---|---|---|
| Posthofbrug 6 registered office 2600 Antwerp | 03-09-2024 | 2.363.400.743 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11003A0160/00H002 | 1.5 ha | 1 · 766 m² | 7.8 m |
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