Equity
€2.2m from €4.7m in 2012
Equity fell by 54% in 13 years.
REYNDERS
Lifetime
16 annual accounts with figures on one time axis, 48 filings since 1977peak €30.1m (2012)
€15.5m▼ 38.3%
lowest -€1.2m (2018)
€751,921▲ €1.6m
peak €4.7m (2012)
€2.2m▲ 53.3%
€9.6m▼ 23.6%
peak 139 FTE (2008)
70.5 FTE▼ 8.0%
Board9 names since 2019
2 directorsFrank Gerardi and 1 other
Owners3 names in the annual accounts
100%EIFFAGE CONSTRUCTION BeLux and 1 other
Documentsfilings and deeds
27-05-202665 days before the deadline
2025financial year
Turnover from €25.2m to €15.5mBack to profit: €751,921Appointment: Mazars Bedrijfsrevisoren BV (statutory auditor) 21-10Equity from €1.4m to €2.2mDebts from €12.6m to €9.6m
Key points
from the 2025 annual accountsResult
€751,921 €751,921
Back in profit in 2025, after a loss of €851,466 in 2024.
Debts
€9.6m 80% of the balance sheet
Financial debts 3%Suppliers 46%Taxes and wages 9%Other 43%
€374,471 of the debts are secured on the company's own assets. In 2021 that was €398,871.
Staff
70.5 FTE from 139 in 2008
Between 2008 and 2025, 49% of the full-time equivalents disappeared.
Payment terms
147 days to suppliers
REYNDERS pays its suppliers 28 days later than in 2024. Customers pay 23 days later.
Filings
48 annual accounts since 1977
The last five annual accounts were filed 0 to 72 days before the end of the period.
Checked score
70
Healthy
Financially stronger than 49% of medium-sized companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 209 companies (NACE 41, medium-sized).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 1.0%▲ +0.1 percentage points vs 05-2025
07-2025: 1.1%▲ +0.1 percentage points vs 06-2025
08-2025: 1.7%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 1.7%● unchanged vs 08-2025highest value
10-2025: 1.7%● unchanged vs 09-2025highest value
11-2025: 1.7%● unchanged vs 10-2025highest value
12-2025: 1.7%● unchanged vs 11-2025highest value
01-2026: 1.7%● unchanged vs 12-2025highest value
02-2026: 1.6%▼ -0.1 percentage points vs 01-2026
03-2026: 1.7%▲ +0.1 percentage points vs 02-2026
04-2026: 1.7%● unchanged vs 03-2026
05-2026: 1.7%● unchanged vs 04-2026
06-2026: 0.6%▼ -1.1 percentage points vs 05-2026lowest value
07-2026: 0.6%● unchanged vs 06-2026lowest value
08-2026: 0.6%● unchanged vs 07-2026lowest value
09-2026: 0.6%● unchanged vs 08-2026lowest value
10-2026: 0.6%● unchanged vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Equity €2.2m (18.1% of total assets)
Sector: Construction of residential and non-residential buildings (NACE 41)
Liquidity: current ratio 1.72, cash €250,004
lowers risk
Profit of €751,921 (financial year 2025)
Calculation
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 41, medium-sized). It does better than 33% of them on solvency, 40% on liquidity, 74% on profitability and 50% on growth.
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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 378 companies had the same profile as REYNDERS has now. Each dot is one company, two years later.
97.4%
were still trading
2.4%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of REYNDERS itself: 0.6% within 12 months.
Test of the method
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 378 companies, not a prediction for REYNDERS. 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.
Credit verdict
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.72 (1.34 in 2024), above the usual 1.5. Short-term debt is 52.3% and cash 2.1% of total assets. However, 81.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 days early
2024
17 days early
2023
on the day
2022
28 days early
2021
72 days early
2020
64 days early
2019
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (4 of the last 5 accounts filed within 37 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
VO
VAN OPHEM Christope
Director, since 05-05-2021
- EIFFAGE CONSTRUCTION BeLux 100%equity €69.9m (2025) · 2025 annual accounts of EIFFAGE CONSTRUCTION BeLux
- EIFFAGE consolidatedLEI register
Recent changes
Permanent representative: Stéphanie Lempereur
Board meeting of 09-07-2026 · Gazette deed
Appointment: Lempereur Management (director)
General meeting of 31-03-2026 · Gazette deed
Resignation: Sébastien Delmarche (director)
Director discharge: Sébastien Delmarche · General meeting of 16-12-2025 · Gazette deed
Appointment: Mazars Bedrijfsrevisoren BV (statutory auditor)
General meeting of 30-06-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| REYNDERS Houthalen-Helchteren | €15.5m | 5.9% | 18.1% | 70.5 |
| Entreprises Bajart Namur | €12.4m | 0.5% | 70.1% | 64.8 |
| S.A. JEAN CONVENTS A.G. - ENTREPRISES GENERALES - ALLGEMEINE BAUUNTERNEHMUNG Eupen | €12.8m | 5.8% | 58.4% | 56 |
| BOUWWERKEN GEBROEDERS JANSSEN Oudsbergen | €21.8m | 0.0% | 35.0% | 42.3 |
| VANDEBOS ALGEMENE BOUWONDERNEMING Alken | €36.9m | 3.1% | 50.6% | 82.4 |
| Kumpen Hasselt | €20.1m | 8.4% | 11.2% | 40.2 |
| D.S.V. Aarschot | €19.9m | 0.7% | 38.3% | 62.5 |
Grey: the largest companies of the sector (construction of buildings (NACE 41)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as REYNDERS: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €8.5m and €15m, founded between 1972 and 1981.
Official details
Source: KBO- Status
- Active since 03-12-1971Normal situation
- Registered office
- 12 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- General construction of other non-residential buildingsNACE 41003
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.006.626.7263530 Houthalen-Helchteren, since 01-01-1972
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €12.0m▼ 16.5%
- Employeeson 31-12-2025
- 72▼ 6.5%
- Filing
- Filed on 27-05-2026, 65 days before the end of the filing period
Insights on REYNDERS
REYNDERS has existed since 1971. Turnover fell from €23.4m in 2008 to €15.5m in 2025 and staff from 139 to 70.5 full-time equivalents.
Solvency rose in 2025 from 9.8% to 18.1% because of the retained profit and lower debts.
EIFFAGE CONSTRUCTION BeLux holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about REYNDERS
- What is the company number of REYNDERS?
- The company number of REYNDERS is 0411.630.683. The VAT number is the same number with BE in front: BE 0411.630.683.
- Where is REYNDERS based?
- The registered office is at Centrum-Zuid 2049, 3530 Houthalen-Helchteren.Company details
- What does REYNDERS do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of REYNDERS?
- REYNDERS is a public limited company (NV).
- When was REYNDERS founded?
- REYNDERS was founded on 03-12-1971.
- Is REYNDERS still active?
- Yes, REYNDERS is an active enterprise in the KBO register.
- How many employees does REYNDERS have?
- REYNDERS had an average of 70.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does REYNDERS fall under?
- In its 2025 annual accounts, REYNDERS states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of REYNDERS?
- The turnover of REYNDERS was €15.5m in financial year 2025, according to the filed annual accounts.
- Is REYNDERS profitable?
- In financial year 2025, REYNDERS made a profit of €751,921.
- Where can I find the annual accounts of REYNDERS?
- REYNDERS filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of REYNDERS due?
- REYNDERS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
See how customers, suppliers and banks see your own company and what to improve first.