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REXQNET

Active
Knaptandstraat 39 ·9100 Sint-Niklaas, Belgium
Open bankruptcy
KBO/BCE: BE 0847.283.221
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Age14 yrs
Real estate2 parcels · 1.3 ha

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for REXQNET according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €19k and a net result of €27k.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

1 events
24-02-2025
Bankruptcy Opening
Date: 17-02-2025 · Ondernemingsrechtbank Gent, afdeling Dendermonde · REXQNET BV KNAPTAND- STRAAT 39/101, 9100 SINT-NIKLAAS · Publications in State Gazette ↗

Signals

1 signal · with evidence
Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 5801 sector peers (2023).
View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 29-08-2024 29 d late 2024-00399379
31-12-2022 31-07-2023 30-08-2023 30 d late 2023-00417021
31-12-2021 31-07-2022 31-10-2022 92 d late 2022-20484010
31-12-2020 31-07-2021 16-09-2021 47 d late 2021-67500094
31-12-2019 31-07-2020 01-12-2020 123 d late 2020-73900451
31-12-2018 31-07-2019 26-08-2019 26 d late 2019-51400582
31-12-2017 31-07-2018 28-09-2018 59 d late 2018-66100479
31-12-2016 31-07-2017 29-08-2017 29 d late 2017-51600531
31-12-2015 31-07-2016 19-12-2016 141 d late 2016-70600107
31-12-2014 31-07-2015 20-08-2015 20 d late 2015-44500462

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€27k-7.6%
Working capital€39k+133.0%
Directors1

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 29-08-2024 with the NBB · fiscal year 2023 · micro
€-10k€0€10k€20k€30kOperating result 2019: €1k€1kNet result 2019: €-4k€-4kOperating result 2020: €14k€14kNet result 2020: €7k€7kOperating result 2021: €18k€18kNet result 2021: €18k€18kOperating result 2022: €32k€32kNet result 2022: €30k€30kOperating result 2023: €29k€29kNet result 2023: €27k€27k20192020202120222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 28.1% 61.2%
better than 19% of 5801 sector peers
Net result €27k €27k
better than 51% of 5797 sector peers
Equity €19k €48k
better than 25% of 5804 sector peers
Gross operating margin €29k €45k
better than 34% of 5793 sector peers
Total assets €68k €89k
better than 38% of 5802 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P19
2020: P19 · n=6272021: P24 · n=17332022: P32 · n=37942023: P19 · n=58012020 2023
Stable position over 2020-2023 · n=627-5801
Net result P51
2020: P41 · n=6242021: P45 · n=17282022: P57 · n=37922023: P51 · n=57972020 2023
Stable position over 2020-2023 · n=624-5797
Equity P25
2020: P13 · n=6282021: P17 · n=17332022: P27 · n=37962023: P25 · n=58042020 2023
Improving position over 2020-2023 · n=628-5804
Gross operating margin P34
2020: P30 · n=6232021: P36 · n=17262022: P43 · n=37862023: P34 · n=57932020 2023
Stable position over 2020-2023 · n=623-5793
Describes the position versus peers, not a forecast.
EBITDA
€34k
+61.0% 18-23
Net profit
€27k
-7.6% 18-23
Cash flow
€31k
+48.8% 18-23
Total assets
€68k
+74.0% 18-23
Equity
€19k
+14.2% 18-23
Working capital
€39k
+133.0% 18-23
Income taxes
€1k
-55.8% 18-23
Debt
€49k
+118.7% 18-23
Debt ≤ 1y
€29k
+29.7% 18-23
Current ratio
2.35
+34.1% 18-23
Quick ratio
2.35
+34.1% 18-23
Solvency
28.1%
-34.3% 18-23
Debt / equity
2.55
+91.5% 18-23
ROE
142.4%
-19.1% 18-23
ROA
40.1%
-46.9% 18-23
Interest coverage
252.71
- 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA-
Net profit€27k
Cash flow-
Staff costs-
Income taxes€1k
Dividends-
Total assets€68k
Equity€19k
Debt€49k
of which ≤ 1y€29k
of which > 1y-
Working capital€39k
Employees (FTE)-
Ratios (computed)
2023
Current ratio2.35
Quick ratio2.35
Working capital ratio57.4%
Solvency28.1%
Debt / equity2.55
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA40.1%
ROE142.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€68k
Current assets 29/58€68k
Amounts receivable within one year 40/41€16k
Cash & bank 54/58€53k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€68k
Equity 10/15€19k
Contributions / capital 10/11€1
Reserves 13€17k
Accumulated profits (losses) 14€2k
Amounts payable 17/49€49k
Amounts payable within one year 42/48€29k
Trade debts payable within one year 44€4k
Income statement
Gross operating margin 9900€29k
Operating result 9901€29k
Result before taxes 9903€29k
Income taxes 67/77€1k
Net result for the period 9904€27k
Result to be appropriated 9905€27k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
15 / 100 Critical
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

7 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator FREDERIK NAENEN
GROTE BAAN 201, 9120 BEVEREN- KRUIBEKE-ZWIJNDRECHT
 17-02-2025 → present Belgian State Gazette

Legal Structure

NACE primary Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten(62200)
Legal form Private limited company (pre-2019)(015)
Incorporation02-07-2012
StatusActive
Postal code9100
First BS signal 24-02-2025
Latest BS signal 24-02-2025

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Knaptandstraat 399100 Sint-Niklaas

Establishment units

1 location
Establishment
Detailhandel in computers, randapparatuur en software in gespecialiseerde winkels
since 20122.214.755.666
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1.3 ha
Buildings2
Building footprint3,373 m²
Volume (LiDAR)54,645 m³
Tallest building24.1 m · ±6 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13027A0065/00F002 Flanders 1.2 ha 1 · 3,044 m² 24.1 m · 6 fl.
46444D0824/00F003 Flanders 523 m² 1 · 329 m² 10.7 m · 2 fl.
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.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
24-02-2025
Bankruptcy Opening
Date: 17-02-2025 · Ondernemingsrechtbank Gent, afdeling Dendermonde · REXQNET BV KNAPTAND- STRAAT 39/101, 9100 SINT-NIKLAAS · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-02-24 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

1 acts
Address history · 1
16-05-2024
Registered-office move
All acts · 1 updated 2 years ago
2024
16-05-2024 Registered office moved to Sint-Niklaas Registered-office change
  • 9100 Sint-Niklaas, Knaptandstraat 39/101

Analysis

Snowflake analysis

financial profile on 5 axes
Health15Profitability100Solvency66Growth78Stability0
52 / 100

Mixed profile: strong on profitability, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 15
Profitability 100
Solvency 66
Growth 78
Stability 0

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 5,998 of the 29,838 companies in this sector. 5,102 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Computerconsultancy-activiteiten62020Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200
Primary activity highlighted.
Names & trade names
Legal nameNL REXQNET
Registered office
Knaptandstraat 39 bus 101
9100 Sint-Niklaas, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.