RESACH
ActiveSummary
The computed 12-month bankruptcy probability of RESACH is 5.0% (elevated). The 2025 annual accounts show equity of €8,727 and a net result of -€2,782. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 68% of 28254 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency88▲+21
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
5.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity ample (current ratio 2.04 against 1.41 in 2024; short-term debt: 33.7% of total assets), and 36.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.4%
Return on assets
-20.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-12-2025, 52 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
52 d early
2024
44 d early
2023
56 d early
2022
49 d early
2021
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 43 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 13 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€8,727▼ 24.2%
2024 · €11,509
Total assets
€13,767▼ 50.1%
2024 · €27,582
Net result
-€2,782
2024 · €11,631
Working capital
€4,840▼ 26.6%
2024 · €6,597
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,150--€3,415-€1,407▲ 58.8%€13,065-€2,690
Net result€10,550within the sector's middle half--€3,553below the sector's middle half-€1,619below the sector's middle half▲ 54.4%€11,631within the sector's middle half-€2,782below the sector's middle half
Equity€12,550below the sector's middle half-€8,997below the sector's middle half▼ 28.3%€7,378below the sector's middle half▼ 18.0%€11,509below the sector's middle half▲ 56.0%€8,727below the sector's middle half▼ 24.2%
Total assets€37,050below the sector's middle half-€19,591below the sector's middle half▼ 47.1%€13,504below the sector's middle half▼ 31.1%€27,582below the sector's middle half▲ 104%€13,767below the sector's middle half▼ 50.1%
Debt€24,499-€10,594▼ 56.8%€6,126▼ 42.2%€16,073▲ 162%€5,040▼ 68.6%
Working capital€438below the sector's middle half-€1,077below the sector's middle half▲ 146%-€2,036below the sector's middle half€6,597within the sector's middle half€4,840within the sector's middle half▼ 26.6%
Solvency33.9%within the sector's middle half-45.9%within the sector's middle half▲ 12.1pp54.6%within the sector's middle half▲ 8.7pp41.7%within the sector's middle half▼ 12.9pp63.4%within the sector's middle half▲ 21.7pp
Current ratio1.02below the sector's middle half-1.10below the sector's middle half▲ 0.080.67below the sector's middle half▼ 0.431.41within the sector's middle half▲ 0.752.04within the sector's middle half▲ 0.63
Return on assets (ROA)28.5%above the sector's middle half--18.1%below the sector's middle half▼ 46.6pp-12.0%below the sector's middle half▲ 6.1pp42.2%above the sector's middle half▲ 54.2pp-20.2%below the sector's middle half▼ 62.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2,690 after €13,065 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13,767
Fixed assets
€4,287 ▼ 14.2%
Current assets
€9,480 ▼ 57.9%
Equity and liabilities €13,767
Equity
€8,727 ▼ 24.2%
Debt
€5,040 ▼ 68.6%
Debt's share of the balance-sheet total falls from 58.3% to 36.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€189▼
2024 · €17,408
Cash flow
-€280▼
2024 · €15,974
Quick ratio
1.58▲
2024 · 1.41
Debt to equity
0.58▼
2024 · 1.40
ROE
-31.9%▼
2024 · 101.1%
Interest coverage
-2.05▼
2024 · 128.89
Debt ≤ 1 year
€4,640▼
2024 · €15,913
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 5.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,597 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,814 | €5,121 | €7,114 | €4,343 | €2,502 | ▼ 42.4% |
| Other operating charges640/8 | - | €570 | €421 | €473 | €277 | ▼ 41.5% |
| Gross operating margin9900 | €22,902 | €2,276 | €6,128 | €17,881 | €88 | ▼ 99.5% |
| Operating profit (loss)9901 | €14,150 | -€3,415 | -€1,407 | €13,065 | -€2,690 | ▼ 121% |
| Financial income75/76B | - | €0 | - | €7 | €0 | ▼ 97.2% |
| Recurring financial income75 | - | €0 | - | €7 | €0 | ▼ 97.2% |
| Financial charges65/66B | - | €90 | €212 | €135 | €92 | ▼ 32.0% |
| Recurring financial charges65 | €174 | €90 | €212 | €135 | €92 | ▼ 32.0% |
| Profit (loss) for the period before taxes9903 | €13,976 | -€3,504 | -€1,619 | €12,936 | -€2,782 | ▼ 122% |
| Income taxes67/77 | €3,426 | €49 | - | €1,306 | - | - |
| Profit (loss) for the period9904 | €10,550 | -€3,553 | -€1,619 | €11,631 | -€2,782 | ▼ 124% |
| Profit (loss) for the period to be appropriated9905 | €10,550 | -€3,553 | -€1,619 | €11,631 | -€2,782 | ▼ 124% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,050 | €19,591 | €13,504 | €27,582 | €13,767 | ▼ 50.1% |
| Formation expenses20 | €633 | €448 | €263 | €77 | - | - |
| Fixed assets21/28 | €11,479 | €7,472 | €9,152 | €4,994 | €4,287 | ▼ 14.2% |
| Tangible fixed assets22/27 | €11,479 | €7,472 | €9,152 | €4,994 | €4,287 | ▼ 14.2% |
| Plant, machinery and equipment23 | - | €743 | €7,173 | €4,994 | €4,287 | ▼ 14.2% |
| Furniture and vehicles24 | - | €6,729 | €1,979 | - | - | - |
| Current assets29/58 | €24,937 | €11,671 | €4,089 | €22,511 | €9,480 | ▼ 57.9% |
| Stocks and contracts in progress3 | - | - | - | - | €2,143 | - |
| Stocks30/36 | - | - | - | - | €2,143 | - |
| Amounts receivable within one year40/41 | €14,605 | €10,435 | €4,089 | €17,287 | €7,337 | ▼ 57.6% |
| Trade receivables40 | - | €7,171 | €2,018 | €13,563 | €5,626 | ▼ 58.5% |
| Other amounts receivable41 | - | €3,265 | €2,072 | €3,724 | €1,711 | ▼ 54.1% |
| Cash at bank and in hand54/58 | €10,332 | €1,236 | - | €5,223 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,050 | €19,591 | €13,504 | €27,582 | €13,767 | ▼ 50.1% |
| Equity10/15 | €12,550 | €8,997 | €7,378 | €11,509 | €8,727 | ▼ 24.2% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Capital10 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Issued capital100 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €10,200 | €10,200 | €10,200 | €10,200 | €10,200 | = |
| Non-distributable reserves130/1 | - | €200 | €200 | €200 | €200 | = |
| Legal reserve130 | - | €200 | €200 | €200 | €200 | = |
| Distributable reserves133 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €350 | -€3,203 | -€4,822 | -€691 | -€3,473 | ▼ 403% |
| Amounts payable17/49 | €24,499 | €10,594 | €6,126 | €16,073 | €5,040 | ▼ 68.6% |
| Amounts payable within one year42/48 | €24,499 | €10,594 | €6,126 | €15,913 | €4,640 | ▼ 70.8% |
| Financial debts43 | - | - | €1,519 | - | €1,717 | - |
| Credit institutions430/8 | - | - | €1,519 | - | €1,717 | - |
| Trade debts44 | €18,632 | €10,328 | €2,588 | €6,919 | €2,821 | ▼ 59.2% |
| Suppliers440/4 | - | €10,328 | €2,588 | €6,919 | €2,821 | ▼ 59.2% |
| Advances received on contracts in progress46 | - | - | €1,000 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,306 | - | - |
| Taxes450/3 | - | - | - | €1,306 | - | - |
| Other amounts payable47/48 | - | €267 | €1,019 | €7,689 | €102 | ▼ 98.7% |
| Accrued charges and deferred income492/3 | - | - | - | €160 | €400 | ▲ 150% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,550 | -€3,553 | -€1,619 | €11,631 | -€2,782 | ▼ 124% |
| + Depreciation and write-downs630 | €7,814 | €5,121 | €7,114 | €4,343 | €2,502 | ▼ 42.4% |
| Operating cash flow (approximation) | €18,364 | €1,568 | €5,495 | €15,974 | -€280 | ▼ 102% |
| Investment in fixed assets (approximation) | - | -€1,114 | -€8,794 | -€185 | -€1,795 | ▼ 868% |
| Change in cash | - | -€9,096 | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
10-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €11,631
Net result €11,631 after 2 loss-making years.
30-06
Financial
Liquidity doublescurrent ratio 1.41
Current ratio from 0.67 to 1.41.
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Weakest financial yearnet -€3,553
Net result drops to -€3,553, the lowest in the series; recovery starts the following year.
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Jette · 1 establishment unit since 2019
Ground area
205 m²
Building footprint
82 m²
Volume, LiDAR
918 m³
Parcel 21463D0306/00G003, Brussels · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
RESACH
since 20192.303.504.926
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21463D0306/00G003 | Brussels | 204 m² | 1 · 82 m² | 14.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CV-CONCEPT
BE 0683.955.116
Etterbeek · Eq €8,727
BOUWBEDRIJF BRAEKMAN
BE 0472.885.787
Sint-Lievens-Houtem · Eq €8,733
A.E.G. Construct
BE 0775.748.986
Asse · Eq €8,746
ALTAAN OMAR
BE 0795.444.441
Antwerpen · Eq €8,749
Home Renovation and Repair Contractor
BE 0724.900.004
Antwerpen · Eq €8,752
Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 3,795 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-12-2019
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738885226
Also
9925:BE0738885226
Registered
21-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.