Active BE 0454.340.872Public limited company

RESEDA

Kleine Wouwer 98 ·1860 Meise, Belgium· 31 yrs active

Sector: Agents in non-specialised wholesale trade (46190)

Conclusion Checked

RESEDA has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-169k) and a net result of €-84k. Equity is shrinking by ~79.1% per year across the filed fiscal years. Its solvency ranks better than 9% of 338 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-169k
Net result	€-84k
Better than sector	9%
Active	31 yrs

Financial profile 5 of 5 axes measured · computed by Checked

58 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 25

Profitability 100

Solvency 33

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.5% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1995, 31 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

25 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview31 NBB filings

Annual accounts filed on 30-07-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~79.1%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-19.9%	36.5%	better than 9% of 338 sector peers
Net result	€-84k	€44k	better than 10% of 338 sector peers
Equity	€-169k	€279k	better than 7% of 338 sector peers
Gross operating margin	€92k	€244k	better than 30% of 337 sector peers
Total assets	€850k	€1.22M	better than 39% of 338 sector peers

EBITDA

€23k

-61.2% 23-25

Net profit

€-84k

-67.4% 23-25

Cash flow

€16k

-68.0% 23-25

Total assets

€850k

-9.5% 23-25

Equity

€-169k

-99.0% 23-25

Working capital

€-712k

-6.7% 23-25

Debt

€1.02M

-0.5% 23-25

Debt ≤ 1y

€844k

+7.1% 23-25

Debt > 1y

€171k

-27.4% 23-25

Current ratio

0.16

+1.8% 23-25

Quick ratio

0.16

+1.8% 23-25

Solvency

-19.9%

-120.0% 23-25

Debt / equity

-6.03

+50.0% 23-25

ROE

49.7%

-15.9% 23-25

ROA

-9.9%

-85.1% 23-25

Interest coverage

3.52

-56.3% 23-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	abbreviated schema
Revenue	-
EBITDA	€23k
Net profit	€-84k
Cash flow	€16k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€850k
Equity	€-169k
Debt	€1.02M
of which ≤ 1y	€844k
of which > 1y	€171k
Working capital	€-712k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	0.16
Quick ratio	0.16
Working capital ratio	-83.7%
Solvency	-19.9%
Debt / equity	-6.03
Long-term debt ratio	-1.01
Interest coverage	3.52
Gross margin	-
Net margin	-
ROA	-9.9%
ROE	49.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Balance-sheet composition 2025

Assets

Fixed assets €717k · 84.4% Current assets €133k · 15.6%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€850k
Fixed assets	21/28	€717k
Tangible fixed assets	22/27	€717k
Current assets	29/58	€133k
Amounts receivable within one year	40/41	€132k
Cash & bank	54/58	€124
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€850k
Equity	10/15	€-169k
Contributions / capital	10/11	€62k
Accumulated profits (losses)	14	€-231k
Amounts payable	17/49	€1.02M
Amounts payable after one year	17	€171k
Amounts payable within one year	42/48	€844k
Trade debts payable within one year	44	€123k
Income statement
Gross operating margin	9900	€92k
Operating result	9901	€-78k
Financial income	75	€114
Financial charges	65	€6k
Result before taxes	9903	€-84k
Net result for the period	9904	€-84k
Result to be appropriated	9905	€-84k

Directors & mandates 5 directors

Current directors & mandates

BILLIET Pierre Paul Marie Joseph
Director
State Gazette act 23317038 (24-02-2023)

Current
24-02-2023 → present
VANWEERT Pascale Jeanne Catherine
Director
State Gazette act 23317038 (24-02-2023)

Current
24-02-2023 → present

Former directors (3)

BILLIET Pierre
Director
State Gazette act 23317038 (24-02-2023)

Former
- → 24-02-2023
KOTENCOPublic limited company
Director
State Gazette act 23317038 (24-02-2023)

Former
- → 24-02-2023
VANWEERT Pascale
Director
State Gazette act 23317038 (24-02-2023)

Former
- → 24-02-2023

Legal Structure

NACE primary	Agents in non-specialised wholesale trade(46190)
Legal form	Public limited company(014)
Incorporation	20-01-1995
Status	Active
Postal code	1860

Establishment units 1 location

RESEDA NV

Kleine Wouwer 98, 1860 MeiseNACE 51190

since 19952.070.169.446

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23050F0446/00A008indicative	Flanders	1,559 m²	1 · 456 m²	18.7 m · 5 fl.

Methodology

via registered seat: 1

0 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 12Financial 1Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet €-84k

Net result drops to €-84k, the lowest in the series.

24-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

17-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

21-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 21 days late

24-02

State Gazette act Director changes

Olivier BROUWERS

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

15-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

19-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

21-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

12-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 3 years ago

2023

24-02-2023 2 directors appointed, 3 resigning Director changes·Olivier BROUWERS

BILLIET Pierre Paul Marie Joseph, Bestuurder
VANWEERT Pascale Jeanne Catherine, Bestuurder
BILLIET Pierre, Bestuurder
VANWEERT Pascale, Bestuurder
KOTENCO, Bestuurder

Notary: Olivier BROUWERS · Elsene

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Agents in non-specialised wholesale trade46190Renting and operating of own or leased residential real estate, excluding social housing68201Business and other management consultancy70200Activities of head offices; management consultancy activities70210Business consulting70220Public relations and communication consultancy733007414174142

Names & trade names

Legal nameNL

RESEDA

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