REWAH
ActiveREWAH has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.33M and a net result of €628k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 68% of 264 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
96
/ 100
Excellent▼ -3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-14
Solvency91▲+4
Growth48▼-18
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.44 in 2024), and 34.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Sector 20
lower
← fewer bankruptcies
more bankruptcies →
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
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
65.1%
Return on assets
7.7%
Age of the figures
8 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
49 d early
2023
23 d early
2022
4 d late
2021
30 d early
2020
26 d early
2019
9 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€14.07M▼ 1.6%
2024 · €14.29M
2022: €13.39M
2023: €13.13M
2024: €14.29M
2022 → 2025
EBIT margin
7.3%▼ 1.6pp
2024 · 8.9%
2022: 4.6%
2023: 1.7%
2024: 8.9%
2022 → 2025
Net result
€628k▼ 25.7%
2024 · €845k
2018: €635k
2019: €516k
2020: €714k
2021: €899k
2022: €492k
2023: €15k
2024: €845k
2018 → 2025
Working capital
€1.71M▲ 34.6%
2024 · €1.27M
2018: €824k
2019: €1.12M
2020: €1.49M
2021: €1.73M
2022: €1.19M
2023: €756k
2024: €1.27M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€13.39M€13.13M▼ 2.0%€14.29M▲ 8.9%€14.07M▼ 1.6%
Equity€4.07M-€4.56M▲ 12.1%€4.58M▲ 0.3%€5.03M▲ 9.9%€5.33M▲ 6.0%
Operating result€1.19M-€615k▼ 48.5%€223k▼ 63.8%€1.27M▲ 468%€1.02M▼ 19.3%
Net result€899k-€492k▼ 45.2%€15k▼ 97.0%€845k▲ 5,706%€628k▼ 25.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.19M
Fixed assets
€3.63M▼ 3.5%
Current assets
€4.56M▲ 9.9%
Equity and liabilities €8.19M
Equity
€5.33M▲ 6.0%
Debt
€2.86M▼ 0.8%
The debt ratio falls from 36.4% to 34.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.43M▼
2024 · €1.66M
Cash flow
€1.03M▼
2024 · €1.24M
Solvency
65.1%▲
2024 · 63.6%
Current ratio
1.60▲
2024 · 1.44
Quick ratio
0.68▲
2024 · 0.62
Debt / equity
0.54▼
2024 · 0.57
ROE
11.8%▼
2024 · 16.8%
ROA
7.7%▼
2024 · 10.7%
Interest coverage
19.82▲
2024 · 17.15
Debt
€2.86M▼
2024 · €2.88M
Debt ≤ 1 year
€2.85M▼
2024 · €2.88M
Income taxes
€235k▼
2024 · €278k
Staff costs
€2.52M▲
2024 · €2.30M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€7.91M€8.19M▲
Fixed assets21/28€3.76M€3.63M▼
Intangible fixed assets21€11k€3k▼
Tangible fixed assets22/27€3.75M€3.63M▼
Land and buildings22€1.42M€1.39M▼
Plant, machinery and equipment23€784k€715k▼
Furniture and vehicles24€121k€117k▼
Other tangible fixed assets26€1.42M€1.40M▼
Financial fixed assets28€290€290=
Other financial fixed assets284/8€290€290=
Amounts receivable and cash guarantees285/8€290€290=
Current assets29/58€4.15M€4.56M▲
Amounts receivable after more than one year29€3k€1k▼
Other amounts receivable291€3k€1k▼
Stocks and contracts in progress3€2.37M€2.63M▲
Stocks30/36€2.37M€2.63M▲
Raw materials and consumables30/31€1.09M€1.09M=
Finished goods33€586k€888k▲
Goods purchased for resale34€691k€656k▼
Amounts receivable within one year40/41€1.58M€1.77M▲
Trade receivables40€1.51M€1.60M▲
Other amounts receivable41€76k€165k▲
Cash at bank and in hand54/58€153k€139k▼
Deferred charges and accrued income490/1€41k€20k▼
Equity and liabilities
Total equity and liabilities10/49€7.91M€8.19M▲
Equity10/15€5.03M€5.33M▲
Contributions10/11€522k€522k=
Capital10€522k€522k=
Issued capital100€522k€522k=
Reserves13€4.51M€4.81M▲
Non-distributable reserves130/1€52k€52k=
Legal reserve130€52k€52k=
Distributable reserves133€4.46M€4.76M▲
Amounts payable17/49€2.88M€2.86M▼
Amounts payable within one year42/48€2.88M€2.85M▼
Financial debts43-€700k
Credit institutions430/8-€700k
Trade debts44€707k€649k▼
Suppliers440/4€707k€649k▼
Taxes, remuneration and social security45€258k€294k▲
Taxes450/3€67k€57k▼
Remuneration and social security454/9€191k€238k▲
Other amounts payable47/48€1.92M€1.21M▼
Accrued charges and deferred income492/3-€5k
Income statement
Code20242025
Operating income70/76A€14.25M€14.47M▲
Turnover70€14.29M€14.07M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-150k€302k▲
Other operating income74€109k€98k▼
Operating charges60/66A€12.99M€13.44M▲
Goods for resale, raw materials and consumables60€7.86M€7.76M▼
Purchases600/8€7.77M€7.72M▼
Change in stocks: decrease (increase)609€92k€35k▼
Services and other goods61€2.31M€2.72M▲
Remuneration, social security and pensions62€2.30M€2.52M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€396k€407k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€66k€-38k▼
Other operating charges640/8€43k€79k▲
Non-recurring operating charges66A€8k€679▼
Operating profit (loss)9901€1.27M€1.02M▼
Financial income75/76B€74k€25k▼
Recurring financial income75€74k€25k▼
Income from financial fixed assets750€38k€0▼
Income from current assets751€2k€0▼
Other financial income752/9€34k€25k▼
Financial charges65/66B€218k€184k▼
Recurring financial charges65€218k€184k▼
Debt charges650€97k€72k▼
Other financial charges652/9€121k€112k▼
Profit (loss) for the period before taxes9903€1.12M€862k▼
Income taxes67/77€278k€235k▼
Taxes670/3€289k€235k▼
Tax adjustments and reversals of tax provisions77€12k-
Profit (loss) for the period9904€845k€628k▼
Profit (loss) for the period to be appropriated9905€845k€628k▼
Appropriation of the result
Profit (loss) to be appropriated9906€845k€628k▼
Transfer to equity691/2€453k€301k▼
To other reserves6921€453k€301k▼
Profit to be distributed694/7€392k€326k▼
Return on contributions (dividend)694€392k€326k▼
Social balance
Average headcount (FTE)908727.930.2▲
The notes to these accounts (59 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €5MEq €5.03M ▲9.9%
7 profitable years in a row build equity to €5.03M.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €15k ▼97%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 4 days late
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €899k ▲25.8%
Net result €899k, the highest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
Herman Verhaegen
CurrentManaging director · since 17-11-2023
Willy Verhaegen
CurrentManaging director · since 17-11-2023
17-11-2023
Herman Verhaegen: Appointed as Managing director
17-11-2023
Willy Verhaegen: Appointed as Managing director
Location & real-estate footprint
Registered office, Zandhoven · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nijverheidsweg 242240 ZandhovenGround area
1,428 m²
Building footprint
3,871 m²
Volume, LiDAR
24,034 m³
Parcel 11027B0097/00N000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
REWAH NV
since 19952.072.939.587
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11027B0097/00N000 | Flanders | 1,428 m² | 1 · 3,871 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 18,638 EUR awarded · 18,937 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,142 EUR | 8,975 EUR |
| 2024 | 1 | 7,500 EUR | 2,667 EUR |
| 2023 | 1 | 2,250 EUR | 4,478 EUR |
| 2022 | 1 | 4,746 EUR | 2,817 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
DOTHEE
BE 0463.465.703
Assesse · Eq €5.36M
VERHAEGHE CHALETS & SAUNA
BE 0428.152.852
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VC WOOD BRUSSELS
BE 0400.691.360
Vilvoorde · Eq €5.57M
SIDEC
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Balen · Eq €4.98M
D.L.D.B.
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Namur · Eq €5.74M
Of 691 companies in sector 20300 we hold annual accounts for 443. 178 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-08-1995
Fiscal year end31-12
Activities, NACEBEL
20300Manufacture of chemicals and chemical products
20590Manufacture of chemicals and chemical products
24660
20130Manufacture of chemicals and chemical products
24130
46831Wholesale of construction materials, general range
51532
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.