Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The micro format states no turnover.
Of this, €69,742 falls due within a year.
Lower net result than 91% of companies in other professional activities. Sector median €9,321 · 4,357 companies.
The dashed line is the sector median: 0.2% across 5,430 companies (NACE 74, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 74, micro). It does better than 14% of them on solvency, 57% on liquidity and 7% on profitability.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,322 companies had the same profile as ReWrite has now. Each dot stands for 4 companies, two years later.
That fits the bankruptcy probability of ReWrite itself: 2.3% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,322 companies, not a prediction for ReWrite. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.99, below 1. Short-term debt is 60.4% and cash 38.2% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
These companies have the same main activity as ReWrite: other professional, scientific and technical activities (NACE 74999). They are comparable in size and age: total assets between €83,800 and €125,000, founded between 2024 and 2025.
The computed 12-month bankruptcy probability of ReWrite is 2.3% (moderate). The 2025 annual accounts show negative equity (-€2,869) and a net result of -€17,869.
Its solvency ranks better than 14% of 4,362 sector peers (NACE 74, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €130,000 and €330,000.
Higher than 14% of 4,362 companies in 2025.
Higher than 24% of 4,194 companies in 2025.
Higher than 13% of 4,224 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
115,374 | |
21/28 |
46,557 | |
22/27 |
33,200 | |
23 |
33,200 | |
28 |
13,357 | |
29/58 |
68,817 | |
40/41 |
24,731 | |
40 |
24,200 | |
41 |
531 | |
54/58 |
44,086 | |
| Balance sheet: equity and liabilities | ||
10/49 |
115,374 | |
10/15 |
-2,869 | |
10/11 |
15,000 | |
14 |
-17,869 | |
17/49 |
118,242 | |
17 |
48,500 | |
170/4 |
48,500 | |
42/48 |
69,742 | |
44 |
6,825 | |
440/4 |
6,825 | |
45 |
34,521 | |
450/3 |
14,756 | |
454/9 |
19,765 | |
47/48 |
28,397 | |
| Income statement | ||
9900 |
63,990 | |
62 |
78,367 | |
630 |
4,984 | |
9901 |
-19,361 | |
75/76B |
1,542 | |
75 |
1,542 | |
65/66B |
50 | |
65 |
50 | |
9903 |
-17,869 | |
9904 |
-17,869 | |
9905 |
-17,869 | |
| Appropriation of the result | ||
9906 |
-17,869 | |
| Document | ||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00469211.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00469211 |
| Line | Trend | 2025 |
|---|---|---|
| -14,377 | ||
| -12,885 | ||
| 51,541 | ||
| -925 | ||
| -2.5% | ||
| 0.99 | ||
| -15.5% | ||
| -289.21 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 |
|---|---|
| Tangible fixed assets | €38,184 |
| Financial fixed assets | €13,357 |
| €4,984 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Equity is negative. Debt (€118,242) exceeds the balance-sheet total (€115,374).
ReWrite has no parent and no holdings in its annual accounts. Fatemeharefeh Nami is the only director. ReWrite shares no director with another company.
| VLAAMS INSTITUUT VOOR BIOTECHNOLOGIE - FLANDERS INSTITUTE FOR BIOTECHNOLOGY
establishment since 01-01-2009 · founded in 1995 |
928 FTE (2025) 0456.343.923 |
| Bio-Incubator Leuven
registered office since 18-10-2005 · founded in 2005 |
7 FTE (2025) 0876.605.232 |
| miDiagnostics
registered office since 28-10-2015 · founded in 2015 · negative equity (2025) |
54 FTE (2025) 0641.984.602 |
| PARKEERGEBOUW
registered office since 02-05-2024 · founded in 2024 |
total assets €7.7m (2025) 1009.039.728 |
| Community Building Arenberg
registered office since 25-09-2024 · founded in 2024 |
total assets €7.6m (2025) 1014.096.594 |
| reMYND
registered office since 06-11-2002 · founded in 2002 · negative equity (2025) |
21 FTE (2025) 0476.910.101 |
| PALEO
registered office since 20-09-2021 · founded in 2020 |
20 FTE (2025) 0756.986.614 |
| Fishway
registered office since 30-06-2022 · founded in 2022 |
5.3 FTE (2025) 0787.869.632 |
| Oxurion
registered office since 30-05-2006 · founded in 2006 · negative equity (2025) |
7.3 FTE (2025) 0881.620.924 |
| Antleron
establishment since 02-02-2017 · founded in 2014 |
15 FTE (2025) 0505.975.160 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
ReWrite was incorporated on 3 December 2024 as a private limited company by two natural persons, with a starting capital of €15,000.12 The registered office was moved to Leuven in 2026.3 Fatemeharefeh Nami is director of the company, appointed by deed of 05-12-2024.2
| Establishment | Since | Unit number |
|---|---|---|
| Gaston Geenslaan 1 registered office 3001 Leuven | ||
| Rewrite | 07-02-2025 | 2.372.370.570 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24040B0201/00H002 | 7,000 m² | 1 · 1,139 m² | 17.0 m · 4 |
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