REXELL & COMPAGNIE
ActiveThe file of REXELL & COMPAGNIE contains 2 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 7.8% (elevated). The 2024 annual accounts show equity of €203k and a net result of €2k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 48% of 15866 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability5▼-14
Solvency72▼-18
Growth52=
Stability60
Bankruptcy probability, 12 months
7.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days only on tighter terms
Liquidity ample (current ratio 1.6 against 1.89 in 2023), but 62.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-04-2026, 264 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
264 d late
2023
82 d late
2022
84 d late
2021
120 d late
2020
6 d late
2019
32 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€203k▲ 1.1%
2023 · €201k
2018: €139k
2019: €164k
2020: €184k
2021: €187k
2022: €193k
2023: €201k
2018 → 2024
Total assets
€541k▲ 27.6%
2023 · €424k
2018: €637k
2019: €355k
2020: €561k
2021: €831k
2022: €565k
2023: €424k
2018 → 2024
Net result
€2k▼ 70.9%
2023 · €8k
2018: €9k
2019: €25k
2020: €20k
2021: €3k
2022: €6k
2023: €8k
2018 → 2024
Working capital
€202k▲ 1.3%
2023 · €200k
2018: €124k
2019: €156k
2020: €181k
2021: €184k
2022: €191k
2023: €200k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€184k-€187k▲ 1.7%€193k▲ 3.1%€201k▲ 4.0%€203k▲ 1.1%
Operating result€10k-€8k▼ 20.6%€15k▲ 92.1%€16k▲ 1.3%€7k▼ 53.7%
Net result€20k-€3k▼ 84.0%€6k▲ 82.5%€8k▲ 32.0%€2k▼ 70.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 54% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €541k
Fixed assets
€444▼ 50.3%
Current assets
€540k▲ 27.8%
Equity and liabilities €541k
Equity
€203k▲ 1.1%
Debt
€338k▲ 51.4%
The debt ratio rises from 52.7% to 62.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€8k▼
2023 · €17k
Cash flow
€3k▼
2023 · €9k
Solvency
37.5%▼
2023 · 47.3%
Current ratio
1.60▼
2023 · 1.89
Quick ratio
1.60▼
2023 · 1.89
Debt / equity
1.67▲
2023 · 1.11
ROE
1.1%▼
2023 · 3.8%
ROA
0.4%▼
2023 · 1.8%
Interest coverage
5.73▼
2023 · 12.73
Debt
€338k▲
2023 · €223k
Debt ≤ 1 year
€338k▲
2023 · €223k
Income taxes
€4k▼
2023 · €7k
Staff costs
€22k▼
2023 · €65k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€424k€541k▲
Fixed assets21/28€895€444▼
Tangible fixed assets22/27€765€314▼
Land and buildings22€536€314▼
Furniture and vehicles24€228-
Financial fixed assets28€130€130=
Current assets29/58€423k€540k▲
Amounts receivable within one year40/41€423k€523k▲
Trade receivables40€137k€228k▲
Other amounts receivable41€286k€295k▲
Cash at bank and in hand54/58€45€15k▲
Deferred charges and accrued income490/1€170€2k▲
Equity and liabilities
Total equity and liabilities10/49€424k€541k▲
Equity10/15€201k€203k▲
Contributions10/11€13k€13k=
Reserves13€168k€168k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€166k€166k=
Profit (loss) carried forward14€20k€22k▲
Amounts payable17/49€223k€338k▲
Amounts payable within one year42/48€223k€338k▲
Trade debts44€191k€299k▲
Suppliers440/4€147k€265k▲
Bills of exchange payable441€44k€34k▼
Taxes, remuneration and social security45€30k€39k▲
Taxes450/3€17k€31k▲
Remuneration and social security454/9€13k€8k▼
Other amounts payable47/48€2k-
Accrued charges and deferred income492/3€4-
Income statement
Code20232024
Remuneration, social security and pensions62€65k€22k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€451▼
Other operating charges640/8€4k€6k▲
Gross operating margin9900€85k€36k▼
Operating profit (loss)9901€16k€7k▼
Financial income75/76B€33€0▼
Recurring financial income75€33€0▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€14k€6k▼
Income taxes67/77€7k€4k▼
Profit (loss) for the period9904€8k€2k▼
Profit (loss) for the period to be appropriated9905€8k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€22k▼
Profit (loss) brought forward from the previous period14P€20k€20k=
Transfer to equity691/2€8k-
To other reserves6921€8k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 264 days late
2024
31-12
Financial
Weakest financial yearnet €2k ▼70.9%
Net result drops to €2k, the lowest in the series.
21-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 82 days late
2023
31-12
Financial
Equity above €200kEq €201k ▲4%
6 profitable years in a row build equity to €201k.
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
16-01
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise du Brabant wallon · 20220013 · event 09-01-2023
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
30-03
Judicial reorganisation
Opening
Tribunal de l’entreprise du Brabant wallon · collectif · event 21-03-2022
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
31-12
Financial
Highest result since 2018net €25k ▲170%
Operating result €27k, net result €25k, both a record.
31-12
Financial
Equity above €150kEq €164k ▲18.1%
2 profitable years in a row build equity to €164k.
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 62 days late
2018
04-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 35 days late
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 46 days late
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 8 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Nivelles · 1 establishment unit since 2012
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.
Rue du Commerce 131400 NivellesGround area
2.0 ha
Building footprint
6,304 m²
Volume, LiDAR
44,339 m³
2 parcels, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de l'Avocat 6, 1410 Waterloo
since 20122.208.115.720
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0634/00P002 | Wallonia | 1.9 ha | 1 · 6,161 m² | 9.4 m · 2 fl. |
| 25110B0569/00F000 | Wallonia | 923 m² | 1 · 144 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,070 companies in sector 46140 we hold annual accounts for 640. 494 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-02-2012
Fiscal year end31-12
Activities, NACEBEL
46140Agents in the wholesale of industrial machinery, ships and aircraft
46842Wholesale trade
46120Wholesale trade
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.