RESATEC
ActiveSummary
RESATEC has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €540,469 and a net result of -€136,395. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 39% of 5113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-48
Solvency61▼-5
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 3.97 against 3.58 in 2024; short-term debt: 24.9% and cash: 16% of total assets), but 64% 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
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
19 d late
2023
30 d late
2022
31 d late
2021
3 d early
2020
1 d early
2019
40 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€136,395
2024 · €95,268
Working capital
€1.1m▼ 7.0%
2024 · €1.2m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€170,617▲ 50.1%€87,623▼ 48.6%€113,001▲ 29.0%€194,877▲ 72.5%-€121,047
Net result€131,039within the sector's middle half▲ 57.1%€16,434within the sector's middle half▼ 87.5%€48,566within the sector's middle half▲ 196%€95,268within the sector's middle half▲ 96.2%-€136,395below the sector's middle half
Equity€516,597within the sector's middle half▼ 10.2%€533,031within the sector's middle half▲ 3.2%€581,596within the sector's middle half▲ 9.1%€676,865within the sector's middle half▲ 16.4%€540,469within the sector's middle half▼ 20.2%
Total assets€2.1mwithin the sector's middle half▲ 12.4%€1.8mwithin the sector's middle half▼ 16.4%€1.7mwithin the sector's middle half▼ 3.3%€1.7mwithin the sector's middle half▼ 1.9%€1.5mwithin the sector's middle half▼ 9.9%
Debt€1.6m▲ 22.5%€1.2m▼ 22.8%€1.1m▼ 8.7%€991,645▼ 11.4%€962,452▼ 2.9%
Working capital€624,214within the sector's middle half▲ 10.1%€480,577within the sector's middle half▼ 23.0%€552,520within the sector's middle half▲ 15.0%€1.2mabove the sector's middle half▲ 116%€1.1mwithin the sector's middle half▼ 7.0%
Solvency24.5%within the sector's middle half▼ 6.2pp30.3%within the sector's middle half▲ 5.8pp34.2%within the sector's middle half▲ 3.9pp40.6%within the sector's middle half▲ 6.4pp36.0%within the sector's middle half▼ 4.6pp
Current ratio1.44within the sector's middle half=1.39within the sector's middle half▼ 0.051.50within the sector's middle half▲ 0.113.58above the sector's middle half▲ 2.073.97above the sector's middle half▲ 0.39
Return on assets (ROA)6.2%within the sector's middle half▲ 1.8pp0.9%within the sector's middle half▼ 5.3pp2.9%within the sector's middle half▲ 1.9pp5.7%within the sector's middle half▲ 2.9pp-9.1%below the sector's middle half▼ 14.8pp
Staff (FTE)13.3above the sector's middle half▼ 14.2%13.1above the sector's middle half▼ 1.5%12.1above the sector's middle half▼ 7.6%13.3above the sector's middle half▲ 9.9%11.7within the sector's middle half▼ 12.0%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €121,047 after €194,877 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€17,225 ▲ 86.3%
Current assets
€1.5m ▼ 10.5%
Equity and liabilities €1.5m
Equity
€540,469 ▼ 20.2%
Debt
€962,452 ▼ 2.9%
Debt's share of the balance-sheet total rises from 59.4% to 64.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€116,041▼
2024 · €199,947
Cash flow
-€131,389▼
2024 · €100,338
Quick ratio
3.00▲
2024 · 2.80
Debt to equity
1.78▲
2024 · 1.47
ROE
-25.2%▼
2024 · 14.1%
Interest coverage
-7.25▼
2024 · 3.46
Debt ≤ 1 year
€374,179▼
2024 · €463,852
Debt > 1 year
€520,000▲
2024 · €500,000
Income taxes
€1▼
2024 · €45,459
Staff costs
€1.0m▼
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,612 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 8,612 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €630 | €17,000 | - | €5,877 | - |
| Remuneration, social security and pensions62 | €933,588 | €959,999 | €950,958 | €1.1m | €1.0m | ▼ 6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,931 | €12,680 | €5,286 | €5,070 | €5,006 | ▼ 1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €12,935 | €33,187 | €9,743 | -€3,000 | -€3,816 | ▼ 27.2% |
| Other operating charges640/8 | €23,088 | €44,928 | €9,911 | €19,999 | €13,144 | ▼ 34.3% |
| Gross operating margin9900 | €1.2m | €1.1m | €1.1m | €1.3m | €933,928 | ▼ 29.8% |
| Operating profit (loss)9901 | €170,617 | €87,623 | €113,001 | €194,877 | -€121,047 | ▼ 162% |
| Financial income75/76B | €4,308 | €4,119 | €159 | €3,684 | €662 | ▼ 82.0% |
| Recurring financial income75 | €4,308 | €2,619 | €159 | €5 | €662 | ▲ 12,538% |
| Non-recurring financial income76B | - | €1,500 | - | €3,679 | €0 | ▼ 100% |
| Financial charges65/66B | €40,101 | €41,317 | €54,197 | €57,834 | €16,010 | ▼ 72.3% |
| Recurring financial charges65 | €40,101 | €41,317 | €53,912 | €57,834 | €16,010 | ▼ 72.3% |
| Non-recurring financial charges66B | - | - | €285 | - | - | - |
| Profit (loss) for the period before taxes9903 | €134,824 | €50,424 | €58,963 | €140,727 | -€136,395 | ▼ 197% |
| Income taxes67/77 | €3,786 | €33,990 | €10,397 | €45,459 | €1 | ▼ 100.0% |
| Profit (loss) for the period9904 | €131,039 | €16,434 | €48,566 | €95,268 | -€136,395 | ▼ 243% |
| Profit (loss) for the period to be appropriated9905 | €131,039 | €16,434 | €48,566 | €95,268 | -€136,395 | ▼ 243% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €1.8m | €1.7m | €1.7m | €1.5m | ▼ 9.9% |
| Fixed assets21/28 | €71,763 | €58,409 | €50,750 | €9,248 | €17,225 | ▲ 86.3% |
| Intangible fixed assets21 | €1,005 | - | - | - | €2,013 | - |
| Tangible fixed assets22/27 | €26,759 | €14,409 | €6,750 | €9,248 | €11,462 | ▲ 23.9% |
| Plant, machinery and equipment23 | €343 | €4,382 | €3,418 | €3,845 | €5,294 | ▲ 37.7% |
| Furniture and vehicles24 | €26,416 | €10,027 | €3,332 | €5,403 | €6,169 | ▲ 14.2% |
| Financial fixed assets28 | €44,000 | €44,000 | €44,000 | - | €3,750 | - |
| Current assets29/58 | €2.0m | €1.7m | €1.6m | €1.7m | €1.5m | ▼ 10.5% |
| Stocks and contracts in progress3 | €429,937 | €307,876 | €358,362 | €359,190 | €361,594 | ▲ 0.7% |
| Stocks30/36 | €429,937 | €307,876 | €358,362 | €359,190 | €361,594 | ▲ 0.7% |
| Amounts receivable within one year40/41 | €1.2m | €1.0m | €1.0m | €876,946 | €693,704 | ▼ 20.9% |
| Trade receivables40 | €1.1m | €973,665 | €988,389 | €827,747 | €672,409 | ▼ 18.8% |
| Other amounts receivable41 | €106,912 | €67,302 | €16,320 | €49,199 | €21,295 | ▼ 56.7% |
| Current investments50/53 | €170,667 | €170,667 | €170,667 | €170,667 | €170,667 | = |
| Cash at bank and in hand54/58 | €228,412 | €181,373 | €100,121 | €234,906 | €240,557 | ▲ 2.4% |
| Deferred charges and accrued income490/1 | - | - | €15,991 | €17,554 | €19,174 | ▲ 9.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €1.8m | €1.7m | €1.7m | €1.5m | ▼ 9.9% |
| Equity10/15 | €516,597 | €533,031 | €581,596 | €676,865 | €540,469 | ▼ 20.2% |
| Contributions10/11 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Capital10 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Issued capital100 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Reserves13 | €451,597 | €468,031 | €516,596 | €611,865 | €475,469 | ▼ 22.3% |
| Non-distributable reserves130/1 | €177,167 | €177,167 | €177,167 | €177,167 | €177,167 | = |
| Legal reserve130 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Own shares acquired1312 | €170,667 | €170,667 | €170,667 | €170,667 | €170,667 | = |
| Tax-exempt reserves132 | €50 | €50 | €50 | €50 | €50 | = |
| Distributable reserves133 | €274,379 | €290,813 | €339,379 | €434,648 | €298,252 | ▼ 31.4% |
| Amounts payable17/49 | €1.6m | €1.2m | €1.1m | €991,645 | €962,452 | ▼ 2.9% |
| Amounts payable after more than one year17 | - | - | - | €500,000 | €520,000 | ▲ 4.0% |
| Financial debts170/4 | - | - | - | €500,000 | €520,000 | ▲ 4.0% |
| Amounts payable within one year42/48 | €1.4m | €1.2m | €1.1m | €463,852 | €374,179 | ▼ 19.3% |
| Financial debts43 | €762,519 | €565,171 | €520,395 | - | - | - |
| Credit institutions430/8 | €762,519 | €565,171 | €520,395 | - | - | - |
| Trade debts44 | €283,902 | €433,202 | €403,098 | €255,692 | €198,298 | ▼ 22.4% |
| Suppliers440/4 | €283,902 | €433,202 | €403,098 | €255,692 | €198,298 | ▼ 22.4% |
| Taxes, remuneration and social security45 | €172,857 | €221,932 | €173,838 | €208,161 | €175,881 | ▼ 15.5% |
| Taxes450/3 | €55,251 | €100,604 | €78,354 | €78,583 | €57,674 | ▼ 26.6% |
| Remuneration and social security454/9 | €117,606 | €121,328 | €95,484 | €129,578 | €118,207 | ▼ 8.8% |
| Other amounts payable47/48 | €190,000 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €179,381 | €5,955 | €21,673 | €27,793 | €68,273 | ▲ 146% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €131,039 | €16,434 | €48,566 | €95,268 | -€136,395 | ▼ 243% |
| + Depreciation and write-downs630 | €12,931 | €12,680 | €5,286 | €5,070 | €5,006 | ▼ 1.3% |
| Operating cash flow (approximation) | €143,969 | €29,114 | €53,852 | €100,338 | -€131,389 | ▼ 231% |
| Investment in fixed assets (approximation) | - | €674 | €2,373 | €36,432 | -€12,983 | ▼ 136% |
| Change in cash | - | -€47,039 | -€81,251 | €134,785 | €5,651 | ▼ 95.8% |
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
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
07-07
State Gazette act
Reappointment: VGD Bedrijfsrevisoren BV (statutory auditor)Auditor representative · Registered-office move · Power of attorney9 facts ▸
State Gazette act
Reappointment: VGD Bedrijfsrevisoren BV (statutory auditor)
Auditor representative · Registered-office move · Power of attorney9 facts ▸
- Auditor representative, Geurden Tom (representative)
- Registered-office move, Poortakkerstraat 37, 9051 Gent
- Power of attorney, Moore Finance & Tax BV
- Power of attorney, Tanja De Naeyer
- Power of attorney, Dominique Jaminet
- Power of attorney, Valira Baleci
- Power of attorney, Kaat Willems
- Power of attorney, Eline Roels
- Auditor reappointment, VGD Bedrijfsrevisoren BV (statutory auditor)
2025
31-12
Financial
Weakest financial yearnet -€136,395
Net result drops to -€136,395, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 3.58
Current ratio from 1.50 to 3.58; short-term debt falls from €1.1m to €463,852.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 40 days late
2019
31-12
Financial
Back to profitnet €197,681
Net result €197,681 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 56 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
VGD Bedrijfsrevisoren BV
CurrentStatutory auditor · since 11-07-2024
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2002
Ground area
6,539 m²
Building footprint
3,397 m²
Parcel 44062A0081/00T000, Flanders. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Poortakkerstraat 37, 9051 Gent
since 20022.100.643.579
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0081/00T000 | Flanders | 6,539 m² | 1 · 3,397 m² | - |
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.
Mandate history
1 person since 2024, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| VGD Bedrijfsrevisoren BV |
|
Subsidies and aid
Flemish government
2024 · 1 entry · 348 EUR awarded · 348 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 348 EUR | 348 EUR |
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Of 2,499 companies in this sector we hold annual accounts for 1,761. 1,416 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded02-08-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
80010Investigation and private security services
43211General electrical installation work
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478116661
Also
9925:BE0478116661
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.