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Resulation Belgium

Active
Private limited companyfounded 2022active for 4 yearsRue de Maestricht(VIS) 95, 4600 Visé, BelgiumKBO/BCE: BE 0783.381.502
Summary

Resulation Belgium has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €573,321 and a net result of €79,007. Equity is shrinking by about 56% per year across the filed financial years. Its solvency ranks better than 34% of 326 sector peers (NACE 23, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Activity
Manufacture of other non-metallic mineral products
NACE 23150
9th largest company by total assets in Visé, Manufacturing sector1 site
Size
€2.0mtotal assets 2025
Staff
9 FTE
Equity
€573,321
Profit
€79,007
Financial health
69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
Parent
KNAUF INSULATION · 100%
  • David DUCARMEDirector
  • Jean-Paul DEFRANCEDirector
  • Mark LEVERTONDirector
Auditor: PwC Reviseurs d'EntreprisesAccounts filed 19 days late3 of 6 deeds read
Why 69raises riskLiquidity: current ratio 1.22Founded in 2022lowers riskSector: Manufacture of other non-metallic mineral products (NACE 23)Figures for financial year 2025 (filed 19-08-2026)Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 44% of its sector peers (NACE 23, micro)
Financial strength · tick = 2024
Average
Solvency 54+11
equity 29.0% of total assets
Liquidity 24-2
short-term debt 71.0%
Profitability 74+74
return on assets 4.0%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (857 companies, NACE 23, micro)
Last 24 months 11-2024: 0.3%lowest value 12-2024: 0.3%● unchanged vs 11-2024lowest value 01-2025: 0.3%● unchanged vs 12-2024lowest value 02-2025: 0.3%● unchanged vs 01-2025lowest value 03-2025: 0.3%● unchanged vs 02-2025lowest value 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.6%▲ +0.3 percentage points vs 07-2025 09-2025: 0.8%▲ +0.2 percentage points vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.6%▼ -0.2 percentage points vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.8%▲ +0.2 percentage points vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.9%▲ +0.1 percentage points vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 1.4%▲ +0.5 percentage points vs 07-2026highest value 09-2026: 0.7%▼ -0.7 percentage points vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.22, compared with 1.07 in 2024, below the usual 1.5; short-term debt: 71% of total assets), and 71% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 23, micro): better than 32% on solvency, 14% on liquidity, 57% on profitability and 73% on growth.

The bankruptcy probability was computed on 14-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Sector: Manufacture of other non-metallic mineral products (NACE 23)
KBO
raises risk · Liquidity: current ratio 1.22
NBB · annual accounts
raises risk · Founded in 2022
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Figures for financial year 2025 (filed 19-08-2026)
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filings
Deviation from the deadline
2025
19 days late
2024
19 days late
2023
20 days late
2022
23 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 20 days after the deadline; the sector median (NACE 23) for financial year 2024 is 10 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 August (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. Appointment: PwC Reviseurs d'Entreprises (statutory auditor)Permanent representative: Loris Guidi
  2. Annual accounts filedfinancial year 2025 · abbreviated…
  3. Purpose · Amendment of the articlesPower of attorney

Key points

  • Positive: Back in profit in 2025after -€796,415 in 2024 €79,007 View
  • Positive: 9th largest company by total assets in Visé, Manufacturing sectorin the Checked rankings No. 9 View
  • Controlled by KNAUF INSULATIONultimately: Gebr. Knauf KG 100% View

By topic

Financials

Financial year
2025
Total assets
€2.0m
Profit
€79,007
Solvency
29.0%
Total assets▼ 27.8%
Net result
20222025
Go to Financials

Board & ownership

Board
3 members
Parent
KNAUF INSULATION · 100%
Auditor
PwC Reviseurs d'Entreprises
  • David DUCARMEDirector
  • Jean-Paul DEFRANCEDirector
  • Mark LEVERTONDirector
Go to Board & ownership

Timeline

Events
10
Since
2023
Next accounts
by 31-07-2027
  1. 31-12-2025Back to profit
  2. 31-12-2025Equity above €500,000
  3. 19-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of other non-metallic mineral productsNACE 23150
Founded
14-03-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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