REYSKENS & C°
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-04-2026 PDF all 16 filings
Equity
€134,869▲ 0.1%
2024 · €134,754
Total assets
€388,192▼ 2.3%
2024 · €397,525
Net result
€114▼ 95.8%
2024 · €2,713
Working capital
€92,110▲ 5.2%
2024 · €87,546
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€9,601
▼ 119%
2025
20192025
Net result
€114
▼ 95.8%
2025
middle half of the sector
20192025
Equity
€134,869
▲ 0.1%
2025
middle half of the sector
20192025
Total assets
€388,192
▼ 2.3%
2025
middle half of the sector
20192025
Debt
€253,324
▼ 3.6%
2025
20192025
Working capital
€92,110
▲ 5.2%
2025
middle half of the sector
20192025
Solvency
34.7%
▲ 0.8pp
2025
middle half of the sector
20192025
Current ratio
1.41
▲ 0.03
2025
middle half of the sector
20192025
Return on assets (ROA)
0.0%
▼ 0.7pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€7,433--€3,014€6,035€4,072▼ 32.5%€3,130▼ 23.1%-€4,375-€9,601▼ 119%
Net result€9,463-€5,026within the sector's middle half▼ 46.9%€12,605within the sector's middle half▲ 151%€8,763within the sector's middle half▼ 30.5%€7,209within the sector's middle half▼ 17.7%€2,713within the sector's middle half▼ 62.4%€114within the sector's middle half▼ 95.8%
Equity€98,439-€103,465within the sector's middle half▲ 5.1%€116,070within the sector's middle half▲ 12.2%€124,833within the sector's middle half▲ 7.5%€132,042within the sector's middle half▲ 5.8%€134,754within the sector's middle half▲ 2.1%€134,869within the sector's middle half▲ 0.1%
Total assets€446,976-€464,452above the sector's middle half▲ 3.9%€477,847above the sector's middle half▲ 2.9%€483,191above the sector's middle half▲ 1.1%€399,406within the sector's middle half▼ 17.3%€397,525within the sector's middle half▼ 0.5%€388,192within the sector's middle half▼ 2.3%
Debt€348,538-€360,987▲ 3.6%€361,777▲ 0.2%€358,358▼ 0.9%€267,364▼ 25.4%€262,771▼ 1.7%€253,324▼ 3.6%
Working capital€141,287-€48,460within the sector's middle half▼ 65.7%€162,180above the sector's middle half▲ 235%€172,059above the sector's middle half▲ 6.1%€80,384within the sector's middle half▼ 53.3%€87,546within the sector's middle half▲ 8.9%€92,110within the sector's middle half▲ 5.2%
Solvency22.0%-22.3%within the sector's middle half▲ 0.3pp24.3%within the sector's middle half▲ 2.0pp25.8%within the sector's middle half▲ 1.5pp33.1%within the sector's middle half▲ 7.2pp33.9%within the sector's middle half▲ 0.8pp34.7%within the sector's middle half▲ 0.8pp
Current ratio1.81-1.16within the sector's middle half▼ 0.641.79within the sector's middle half▲ 0.631.82within the sector's middle half▲ 0.031.35within the sector's middle half▼ 0.471.39within the sector's middle half▲ 0.031.41within the sector's middle half▲ 0.03
Return on assets (ROA)2.1%-1.1%within the sector's middle half▼ 1.0pp2.6%within the sector's middle half▲ 1.6pp1.8%within the sector's middle half▼ 0.8pp1.8%within the sector's middle half=0.7%within the sector's middle half▼ 1.1pp0.0%within the sector's middle half▼ 0.7pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €9,601, larger than the loss of €4,375 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €388,192
Fixed assets
€73,348 ▼ 11.5%
Current assets
€314,845 ▲ 0.1%
Equity and liabilities €388,192
Equity
€134,869 ▲ 0.1%
Debt
€253,324 ▼ 3.6%
Debt's share of the balance-sheet total falls from 66.1% to 65.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€78▼
2024 · €5,147
Cash flow
€9,637▼
2024 · €12,235
Quick ratio
1.33▲
2024 · 1.32
Debt to equity
1.88▼
2024 · 1.95
ROE
0.1%▼
2024 · 2.0%
Interest coverage
-0.05▼
2024 · 2.96
Debt ≤ 1 year
€222,735▼
2024 · €227,109
Debt > 1 year
€30,000▼
2024 · €35,000
Income taxes
€43▼
2024 · €987
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,523 | €9,523 | €9,523 | €9,523 | €9,523 | €9,523 | €9,523 | = |
| Other operating charges640/8 | - | - | - | €62 | €62 | €62 | €62 | = |
| Gross operating margin9900 | €17,118 | €6,509 | €15,620 | €13,657 | €12,715 | €5,209 | -€16 | - |
| Operating profit (loss)9901 | €7,433 | -€3,014 | €6,035 | €4,072 | €3,130 | -€4,375 | -€9,601 | ▼ 119% |
| Financial income75/76B | - | - | - | €11,554 | €10,830 | €9,813 | €11,278 | ▲ 14.9% |
| Recurring financial income75 | €14,072 | €15,442 | €15,253 | €11,554 | €10,830 | €9,813 | €11,278 | ▲ 14.9% |
| Financial charges65/66B | - | - | - | €3,673 | €4,126 | €1,738 | €1,520 | ▼ 12.5% |
| Recurring financial charges65 | €5,279 | €5,082 | €4,095 | €3,673 | €4,126 | €1,738 | €1,520 | ▼ 12.5% |
| Profit (loss) for the period before taxes9903 | €16,227 | €7,346 | €17,193 | €11,953 | €9,834 | €3,700 | €157 | ▼ 95.7% |
| Income taxes67/77 | €6,764 | €2,320 | €4,588 | €3,190 | €2,624 | €987 | €43 | ▼ 95.7% |
| Profit (loss) for the period9904 | €9,463 | €5,026 | €12,605 | €8,763 | €7,209 | €2,713 | €114 | ▼ 95.8% |
| Profit (loss) for the period to be appropriated9905 | €9,463 | €5,026 | €12,605 | €8,763 | €7,209 | €2,713 | €114 | ▼ 95.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €446,976 | €464,452 | €477,847 | €483,191 | €399,406 | €397,525 | €388,192 | ▼ 2.3% |
| Formation expenses20 | - | - | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €130,485 | €120,962 | €111,439 | €101,916 | €92,393 | €82,871 | €73,348 | ▼ 11.5% |
| Tangible fixed assets22/27 | €130,485 | €120,962 | €111,439 | €101,916 | €92,393 | €82,871 | €73,348 | ▼ 11.5% |
| Land and buildings22 | - | - | - | €77,916 | €70,393 | €62,871 | €55,348 | ▼ 12.0% |
| Other tangible fixed assets26 | - | - | - | €24,000 | €22,000 | €20,000 | €18,000 | ▼ 10.0% |
| Current assets29/58 | €316,492 | €343,491 | €366,408 | €381,275 | €307,013 | €314,655 | €314,845 | ▲ 0.1% |
| Stocks and contracts in progress3 | €2,613 | €12,202 | €3,720 | €3,898 | €2,060 | €13,748 | €18,967 | ▲ 38.0% |
| Stocks30/36 | - | - | - | €3,898 | €2,060 | €13,748 | €18,967 | ▲ 38.0% |
| Amounts receivable within one year40/41 | €304,601 | €331,289 | €361,334 | €274,535 | €303,416 | €300,778 | €295,802 | ▼ 1.7% |
| Trade receivables40 | - | - | - | €137,622 | €127,952 | €105,788 | €98,193 | ▼ 7.2% |
| Other amounts receivable41 | - | - | - | €136,913 | €175,463 | €194,990 | €197,608 | ▲ 1.3% |
| Cash at bank and in hand54/58 | €4,292 | - | €1,354 | €102,842 | €1,537 | €129 | €76 | ▼ 41.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €446,976 | €464,452 | €477,847 | €483,191 | €399,406 | €397,525 | €388,192 | ▼ 2.3% |
| Equity10/15 | €98,439 | €103,465 | €116,070 | €124,833 | €132,042 | €134,754 | €134,869 | ▲ 0.1% |
| Contributions10/11 | €25,000 | - | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €72,900 | €77,900 | €90,500 | €99,200 | €106,400 | €109,100 | €109,100 | = |
| Non-distributable reserves130/1 | - | - | - | €2,500 | €2,500 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,500 | €2,500 | - | - | - |
| Distributable reserves133 | - | - | - | €96,700 | €103,900 | €109,100 | €109,100 | = |
| Profit (loss) carried forward14 | €539 | €565 | €570 | €633 | €642 | €654 | €769 | ▲ 17.5% |
| Amounts payable17/49 | €348,538 | €360,987 | €361,777 | €358,358 | €267,364 | €262,771 | €253,324 | ▼ 3.6% |
| Amounts payable after more than one year17 | €173,333 | €65,000 | €156,667 | €148,333 | €40,000 | €35,000 | €30,000 | ▼ 14.3% |
| Financial debts170/4 | - | - | - | €148,333 | €40,000 | €35,000 | €30,000 | ▼ 14.3% |
| Amounts payable within one year42/48 | €175,204 | €295,031 | €204,228 | €209,216 | €226,628 | €227,109 | €222,735 | ▼ 1.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,333 | €8,333 | €5,000 | €5,000 | = |
| Trade debts44 | €156,261 | €153,747 | €145,580 | €141,620 | €142,617 | €139,965 | €139,161 | ▼ 0.6% |
| Suppliers440/4 | - | - | - | €141,620 | €142,617 | €139,965 | €139,161 | ▼ 0.6% |
| Taxes, remuneration and social security45 | - | - | - | €4,297 | €3,346 | €3,612 | €43 | ▼ 98.8% |
| Taxes450/3 | - | - | - | €4,297 | €3,346 | €3,612 | €43 | ▼ 98.8% |
| Other amounts payable47/48 | - | - | - | €54,965 | €72,332 | €78,532 | €78,532 | = |
| Accrued charges and deferred income492/3 | - | - | - | €809 | €736 | €662 | €589 | ▼ 11.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,463 | €5,026 | €12,605 | €8,763 | €7,209 | €2,713 | €114 | ▼ 95.8% |
| + Depreciation and write-downs630 | €9,523 | €9,523 | €9,523 | €9,523 | €9,523 | €9,523 | €9,523 | = |
| Operating cash flow (approximation) | €18,985 | €14,549 | €22,128 | €18,286 | €16,732 | €12,235 | €9,637 | ▼ 21.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | €101,488 | -€101,305 | -€1,408 | -€53 | ▲ 96.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 10,904 companies had the same profile as REYSKENS & C° has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
95.1%
was still going
4.0%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of REYSKENS & C° itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 10,904 companies, not a prediction for REYSKENS & C°. 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.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 29-04-2026 | 2026-00092221 | |
| 30-09-2024 | micro format | 31-03-2025 | 2025-00057889 | |
| 30-09-2023 | micro format | 27-04-2024 | 2024-00071062 | |
| 30-09-2022 | micro format | 30-03-2023 | 2023-00048214 | |
| 30-09-2021 | micro format | 30-03-2022 | 2022-09900330 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12700305 | |
| 30-09-2019 | micro format | 28-04-2020 | 2020-10500465 | |
| 30-09-2018 | micro format | 26-03-2019 | 2019-08600165 | |
| 30-09-2017 | micro format | 29-03-2018 | 2018-08700135 | |
| 30-09-2016 | abbreviated format | 24-03-2017 | 2017-07800239 |