REYNAERT
ActiveThe computed 12-month bankruptcy probability of REYNAERT is 2.2% (moderate). The annual accounts of REYNAERT for fiscal year 2025 show a net loss of 64% of the equity at the start of that year. The 2025 annual accounts show equity of €23k and a net result of €-41k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 4462 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▲+40
Solvency29▼-4
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.52 against 0.83 in 2024; short-term debt: 24.5% and cash: 6.1% of total assets), and 95.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.3%
Return on assets
-7.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-41k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 4462 sector peers (2025).
NBB · sector comparisonPosition among 4462 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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.
NBB · 7 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
29 d late
2022
29 d late
2021
39 d late
2020
26 d late
2019
20 d late
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€23k▼ 64.2%
2024 · €64k
2019: €49k
2020: €51k
2021: €20k
2022: €108k
2023: €165k
2024: €64k
2019 → 2025
Total assets
€527k▼ 30.8%
2024 · €761k
2019: €158k
2020: €373k
2021: €529k
2022: €791k
2023: €816k
2024: €761k
2019 → 2025
Net result
€-41k▲ 59.6%
2024 · €-101k
2019: €37k
2020: €1k
2021: €-30k
2022: €88k
2023: €57k
2024: €-101k
2019 → 2025
Working capital
€-61k▼ 44.2%
2024 · €-43k
2019: €48k
2020: €-24k
2021: €46k
2022: €-31k
2023: €53k
2024: €-43k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€108k▲ 429%€165k▲ 52.4%€64k▼ 61.4%€23k▼ 64.2%
Operating result€-25k-€96k€66k▼ 30.7%€-91k€-29k▲ 68.3%
Net result€-30k-€88k€57k▼ 35.3%€-101k€-41k▲ 59.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €29k in 2025 against €91k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €527k
Fixed assets
€459k▼ 16.5%
Current assets
€68k▼ 67.9%
Equity and liabilities €527k
Equity
€23k▼ 64.2%
Debt
€504k▼ 27.7%
The debt ratio rises from 91.6% to 95.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€53k▲
2024 · €4k
Cash flow
€41k▲
2024 · €-6k
Solvency
4.3%▼
2024 · 8.4%
Current ratio
0.52▼
2024 · 0.83
Quick ratio
0.51▼
2024 · 0.82
Debt / equity
22.00▲
2024 · 10.90
ROE
-179.0%▼
2024 · -158.8%
ROA
-7.8%▲
2024 · -13.3%
Interest coverage
4.50▲
2024 · 0.44
Debt
€504k▼
2024 · €697k
Debt ≤ 1 year
€129k▼
2024 · €254k
Debt > 1 year
€375k▼
2024 · €443k
Income taxes
€205▼
2024 · €220
Staff costs
€11k▼
2024 · €130k
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€761k€527k▼
Fixed assets21/28€549k€459k▼
Tangible fixed assets22/27€549k€459k▼
Land and buildings22€318k€310k▼
Plant, machinery and equipment23€14k€5k▼
Furniture and vehicles24€56k€40k▼
Leasing and similar rights25€162k€103k▼
Current assets29/58€211k€68k▼
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€87k€30k▼
Trade receivables40€81k€26k▼
Other amounts receivable41€6k€3k▼
Cash at bank and in hand54/58€112k€32k▼
Deferred charges and accrued income490/1€10k€4k▼
Equity and liabilities
Total equity and liabilities10/49€761k€527k▼
Equity10/15€64k€23k▼
Contributions10/11€12k€12k=
Reserves13€51k€10k▼
Distributable reserves133€51k€10k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€697k€504k▼
Amounts payable after more than one year17€443k€375k▼
Financial debts170/4€431k€362k▼
Other amounts payable178/9€12k€12k=
Amounts payable within one year42/48€254k€129k▼
Current portion of amounts payable after more than one year42€72k€68k▼
Trade debts44€127k€26k▼
Suppliers440/4€127k€26k▼
Taxes, remuneration and social security45€9k€205▼
Taxes450/3€2k€205▼
Remuneration and social security454/9€8k-
Other amounts payable47/48€45k€35k▼
Income statement
Code20242025
Non-recurring operating income76A€0€26k▲
Remuneration, social security and pensions62€130k€11k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€82k▼
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A-€5k
Gross operating margin9900€136k€72k▼
Operating profit (loss)9901€-91k€-29k▲
Financial income75/76B€319€0▼
Recurring financial income75€319€0▼
Financial charges65/66B€10k€12k▲
Recurring financial charges65€10k€12k▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€-101k€-41k▲
Income taxes67/77€220€205▼
Profit (loss) for the period9904€-101k€-41k▲
Profit (loss) for the period to be appropriated9905€-101k€-41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-101k€-41k▲
Profit (loss) brought forward from the previous period14P€961-
Transfer from equity791/2€101k€41k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (8 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-101k ▼278%
Net result drops to €-101k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Equity above €150kEq €165k ▲52.4%
2 profitable years in a row build equity to €165k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €88k
Net result €88k after one loss-making year.
31-12
Financial
Equity above €100kEq €108k ▲429%
Equity rises from €20k to €108k.
08-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 39 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wevelgem · 1 establishment unit since 2018
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.
Gullegemstraat 1638560 WevelgemGround area
263 m²
Building footprint
82 m²
Volume, LiDAR
471 m³
Parcel 34302B1044/00W004, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Reynaert
since 20182.282.659.032
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B1044/00W004 | Flanders | 263 m² | 1 · 82 m² | 10.0 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
2023 · 3 entries · 4,151 EUR awarded · 4,151 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 3 | 4,151 EUR | 4,151 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 1 endedMetselaar (vwo)
Ruwbouw duaal (so)
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Of 21,216 companies in sector 81300 we hold annual accounts for 4,363. 3,216 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-12-2018
Fiscal year end31-12
Activities, NACEBEL
81300Landscape service activities
43230Insulation installation
43291Specialised construction activities
43350Other building finishing work
43910Bricklaying and masonry work
43994Specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.