REUSE
ActiveSummary
REUSE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €250,608 and a net result of €41,900. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 63% of 1913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-7
Solvency83▲+9
Growth58=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 2.9 against 1.76 in 2024; short-term debt: 27.6% and cash: 17.4% of total assets), and 41.7% of the assets are financed with debt.
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Signals
Seven 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
58.3%
Return on assets
9.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €250,608
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
65 d early
2023
65 d early
2022
46 d early
2021
52 d early
2020
58 d early
2019
64 d early
← 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 58 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#9 oldest company in Sint-Agatha-Berchem, Manufacturing sector
Equity
€250,608▲ 20.1%
2024 · €208,708
Total assets
€429,691▲ 1.0%
2024 · €425,280
Net result
€41,900▼ 35.0%
2024 · €64,471
Working capital
€224,933▲ 69.0%
2024 · €133,103
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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€110,883▲ 231%€98,835▼ 10.9%€94,239▼ 4.7%€92,037▼ 2.3%€68,748▼ 25.3%
Net result€78,027above the sector's middle half▲ 282%€66,928within the sector's middle half▼ 14.2%€68,162above the sector's middle half▲ 1.8%€64,471above the sector's middle half▼ 5.4%€41,900above the sector's middle half▼ 35.0%
Equity€477,411above the sector's middle half▲ 19.5%€494,339within the sector's middle half▲ 3.5%€177,179within the sector's middle half▼ 64.2%€208,708above the sector's middle half▲ 17.8%€250,608above the sector's middle half▲ 20.1%
Total assets€634,617above the sector's middle half▲ 9.2%€653,351below the sector's middle half▲ 3.0%€325,144within the sector's middle half▼ 50.2%€425,280within the sector's middle half▲ 30.8%€429,691within the sector's middle half▲ 1.0%
Debt€157,206▼ 13.6%€159,012▲ 1.1%€147,965▼ 6.9%€216,572▲ 46.4%€179,083▼ 17.3%
Working capital€202,431▲ 37.0%€212,403▲ 4.9%€145,993▼ 31.3%€133,103▼ 8.8%€224,933▲ 69.0%
Solvency75.2%above the sector's middle half▲ 6.5pp75.7%above the sector's middle half▲ 0.4pp54.5%within the sector's middle half▼ 21.2pp49.1%within the sector's middle half▼ 5.4pp58.3%within the sector's middle half▲ 9.2pp
Staff (FTE)4.1▼ 2.4%4.1within the sector's middle half=3.5▼ 14.6%4.4▲ 25.7%4.1▼ 6.8%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 25% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €429,691
Fixed assets
€86,226 ▼ 25.9%
Current assets
€343,465 ▲ 11.2%
Equity and liabilities €429,691
Equity
€250,608 ▲ 20.1%
Debt
€179,083 ▼ 17.3%
Debt's share of the balance-sheet total falls from 50.9% to 41.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€102,765▼
2024 · €116,278
Cash flow
€75,917▼
2024 · €88,712
Current ratio
2.90▲
2024 · 1.76
Quick ratio
1.38▲
2024 · 1.26
Debt to equity
0.71▼
2024 · 1.04
ROE
16.7%▼
2024 · 30.9%
ROA
9.8%▼
2024 · 15.2%
Interest coverage
18.37▼
2024 · 70.20
Debt ≤ 1 year
€118,532▼
2024 · €175,844
Debt > 1 year
€26,764▼
2024 · €40,728
Income taxes
€22,136▼
2024 · €26,645
Staff costs
€197,482▼
2024 · €200,171
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% 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 31,349 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 | - | - | - | €1,500 | - | - |
| Remuneration, social security and pensions62 | €180,459 | €191,471 | €160,072 | €200,171 | €197,482 | ▼ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,788 | €40,252 | €31,085 | €24,241 | €34,017 | ▲ 40.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €68,860 | - | - | - | - | - |
| Other operating charges640/8 | €7,921 | €10,344 | €8,797 | €12,532 | €3,487 | ▼ 72.2% |
| Gross operating margin9900 | €402,912 | €340,903 | €294,194 | €328,981 | €303,734 | ▼ 7.7% |
| Operating profit (loss)9901 | €110,883 | €98,835 | €94,239 | €92,037 | €68,748 | ▼ 25.3% |
| Financial income75/76B | €101 | €3 | €2 | €736 | €882 | ▲ 19.8% |
| Recurring financial income75 | €101 | €3 | €2 | €736 | €882 | ▲ 19.8% |
| Financial charges65/66B | €3,304 | €2,729 | €1,807 | €1,656 | €5,594 | ▲ 238% |
| Recurring financial charges65 | €3,304 | €2,729 | €1,807 | €1,656 | €5,594 | ▲ 238% |
| Profit (loss) for the period before taxes9903 | €107,681 | €96,109 | €92,434 | €91,116 | €64,036 | ▼ 29.7% |
| Income taxes67/77 | €29,654 | €29,181 | €24,272 | €26,645 | €22,136 | ▼ 16.9% |
| Profit (loss) for the period9904 | €78,027 | €66,928 | €68,162 | €64,471 | €41,900 | ▼ 35.0% |
| Profit (loss) for the period to be appropriated9905 | €78,027 | €66,928 | €68,162 | €64,471 | €41,900 | ▼ 35.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €634,617 | €653,351 | €325,144 | €425,280 | €429,691 | ▲ 1.0% |
| Fixed assets21/28 | €314,536 | €328,270 | €66,187 | €116,333 | €86,226 | ▼ 25.9% |
| Tangible fixed assets22/27 | €311,929 | €325,663 | €63,579 | €115,726 | €85,619 | ▼ 26.0% |
| Land and buildings22 | €244,188 | €228,830 | - | - | - | - |
| Plant, machinery and equipment23 | €39,688 | €79,956 | €51,355 | €35,576 | €23,479 | ▼ 34.0% |
| Furniture and vehicles24 | €28,054 | €16,877 | €12,224 | €80,150 | €62,139 | ▼ 22.5% |
| Financial fixed assets28 | €2,607 | €2,607 | €2,607 | €607 | €607 | = |
| Current assets29/58 | €320,081 | €325,081 | €258,958 | €308,947 | €343,465 | ▲ 11.2% |
| Stocks and contracts in progress3 | €60,254 | €58,605 | €47,123 | €87,347 | €180,233 | ▲ 106% |
| Stocks30/36 | €60,254 | €58,605 | €47,123 | €87,347 | €79,628 | ▼ 8.8% |
| Contracts in progress37 | - | - | - | - | €100,605 | - |
| Amounts receivable within one year40/41 | €89,988 | €122,147 | €34,493 | €98,531 | €77,777 | ▼ 21.1% |
| Trade receivables40 | €89,340 | €116,868 | €14,291 | €98,531 | €74,651 | ▼ 24.2% |
| Other amounts receivable41 | €649 | €5,279 | €20,202 | - | €3,126 | - |
| Cash at bank and in hand54/58 | €167,029 | €140,422 | €172,238 | €113,384 | €74,762 | ▼ 34.1% |
| Deferred charges and accrued income490/1 | €2,809 | €3,907 | €5,103 | €9,684 | €10,692 | ▲ 10.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €634,617 | €653,351 | €325,144 | €425,280 | €429,691 | ▲ 1.0% |
| Equity10/15 | €477,411 | €494,339 | €177,179 | €208,708 | €250,608 | ▲ 20.1% |
| Contributions10/11 | €62,000 | €62,000 | €23,900 | €23,900 | €23,900 | = |
| Capital10 | €62,000 | €62,000 | - | - | - | - |
| Issued capital100 | €62,000 | €62,000 | - | - | - | - |
| Outside capital11 | - | - | €23,900 | €23,900 | €23,900 | = |
| Other1109/19 | - | - | €23,900 | €23,900 | €23,900 | = |
| Reserves13 | €415,411 | €432,339 | €153,280 | €184,808 | €226,709 | ▲ 22.7% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | - | - | - | - |
| Legal reserve130 | €6,200 | €6,200 | - | - | - | - |
| Tax-exempt reserves132 | €29,247 | €29,247 | €11,274 | €11,274 | €11,274 | = |
| Distributable reserves133 | €379,964 | €396,892 | €142,006 | €173,534 | €215,434 | ▲ 24.1% |
| Amounts payable17/49 | €157,206 | €159,012 | €147,965 | €216,572 | €179,083 | ▼ 17.3% |
| Amounts payable after more than one year17 | €39,555 | €13,934 | - | €40,728 | €26,764 | ▼ 34.3% |
| Financial debts170/4 | €39,555 | €13,934 | - | €40,728 | €26,764 | ▼ 34.3% |
| Amounts payable within one year42/48 | €117,651 | €112,678 | €112,965 | €175,844 | €118,532 | ▼ 32.6% |
| Current portion of amounts payable after more than one year42 | €32,807 | €25,622 | €3,140 | €13,464 | €13,964 | ▲ 3.7% |
| Trade debts44 | €46,600 | €49,556 | €36,085 | €25,910 | €26,241 | ▲ 1.3% |
| Suppliers440/4 | €46,600 | €49,556 | €36,085 | €25,910 | €26,241 | ▲ 1.3% |
| Advances received on contracts in progress46 | - | - | - | €4,454 | - | - |
| Taxes, remuneration and social security45 | €33,076 | €29,767 | €30,206 | €37,499 | €40,960 | ▲ 9.2% |
| Taxes450/3 | €11,457 | €13,324 | €15,302 | €19,524 | €10,652 | ▼ 45.4% |
| Remuneration and social security454/9 | €21,619 | €16,443 | €14,905 | €17,975 | €30,308 | ▲ 68.6% |
| Other amounts payable47/48 | €5,168 | €7,733 | €43,534 | €94,517 | €37,368 | ▼ 60.5% |
| Accrued charges and deferred income492/3 | - | €32,400 | €35,000 | - | €33,786 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78,027 | €66,928 | €68,162 | €64,471 | €41,900 | ▼ 35.0% |
| + Depreciation and write-downs630 | €34,788 | €40,252 | €31,085 | €24,241 | €34,017 | ▲ 40.3% |
| Operating cash flow (approximation) | €112,816 | €107,180 | €99,248 | €88,712 | €75,917 | ▼ 14.4% |
| Investment in fixed assets (approximation) | - | -€53,986 | €230,998 | -€74,388 | -€3,910 | ▲ 94.7% |
| Change in cash | - | -€26,607 | €31,816 | -€58,854 | -€38,622 | ▲ 34.4% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200,000Eq €208,708 ▲17.8%
7 profitable years in a row build equity to €208,708.
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €78,027 ▲282%
Operating result €110,883, net result €78,027, both a record.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are 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, Sint-Agatha-Berchem · 2 establishment units since 1991
Ground area
933 m²
Building footprint
763 m²
Volume, LiDAR
5,306 m³
3 parcels, Brussels · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Zwarte Vijversstraat 105, 1080 Sint-Jans-Molenbeek
since 19912.052.865.141
Zwarte Vijversstraat 121, 1080 Sint-Jans-Molenbeek
since 20132.219.436.313
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0150/00B004 | Brussels | 396 m² | 1 · 405 m² | 16.1 m · 2 fl. |
| 21526D0155/00A002 | Brussels | 277 m² | 1 · 277 m² | 14.7 m · 2 fl. |
| 21003A0298/00H003 | Brussels | 260 m² | 1 · 81 m² | 14.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
2 categoriesREUSE SRL27847
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Of 559 companies in sector 25999 we hold annual accounts for 354. 255 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
Founded29-03-1991
Fiscal year end31-12
Activities, NACEBEL 2025
25620Manufacture of fabricated metal products, except machinery and equipment
25999Manufacture of fabricated metal products, except machinery and equipment
Contact
E-mail
l.reuse@skynet.beSint-Jans-Molenbeek
Phone
024110103Sint-Jans-Molenbeek
E-invoicing
Reachable via Peppol
Peppol ID
0208:0443694034
Also
9925:BE0443694034
Registered
01-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.