REZ CONSTRUCT
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed late (31 days) Filed on 31 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00455099.
Equity
€34,860▲ 26.0%
2023 · €27,668
Total assets
€90,822▼ 19.5%
2023 · €112,821
Net result
€7,192
2023 · -€11,697
Working capital
€37,905▲ 70.7%
2023 · €22,201
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result returns to profit in 2024: €7,668 after a loss of €10,538 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€7,668
2024
Net result€7,192
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€90,822
2024
Equity€34,860
2024
Debt€55,962
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€37,905
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)7.9%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency38.4%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.10
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)0.7
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€14,230-€17,776▲ 24.9%€2,475▼ 86.1%€9,947▲ 302%-€10,538€7,668
Net result€13,109-€11,677within the sector's middle half▼ 10.9%€631below the sector's middle half▼ 94.6%€7,748within the sector's middle half▲ 12×-€11,697below the sector's middle half€7,192within the sector's middle half
Equity€19,309-€30,986within the sector's middle half▲ 60.5%€31,617within the sector's middle half▲ 2.0%€39,365within the sector's middle half▲ 24.5%€27,668within the sector's middle half▼ 29.7%€34,860within the sector's middle half▲ 26.0%
Total assets€69,081-€79,181within the sector's middle half▲ 14.6%€111,445within the sector's middle half▲ 40.7%€141,446within the sector's middle half▲ 26.9%€112,821within the sector's middle half▼ 20.2%€90,822within the sector's middle half▼ 19.5%
Debt€49,771-€48,194▼ 3.2%€79,827▲ 65.6%€102,081▲ 27.9%€85,153▼ 16.6%€55,962▼ 34.3%
Working capital-€2,395-€21,367within the sector's middle half€67,860within the sector's middle half▲ 218%€33,614within the sector's middle half▼ 50.5%€22,201within the sector's middle half▼ 34.0%€37,905within the sector's middle half▲ 70.7%
Solvency28.0%-39.1%within the sector's middle half▲ 11.2pp28.4%within the sector's middle half▼ 10.8pp27.8%within the sector's middle half▼ 0.5pp24.5%within the sector's middle half▼ 3.3pp38.4%within the sector's middle half▲ 13.9pp
Current ratio0.95-1.44within the sector's middle half▲ 0.492.56within the sector's middle half▲ 1.111.46within the sector's middle half▼ 1.091.35within the sector's middle half▼ 0.112.10within the sector's middle half▲ 0.75
Return on assets (ROA)19.0%-14.7%within the sector's middle half▼ 4.2pp0.6%below the sector's middle half▼ 14.2pp5.5%within the sector's middle half▲ 4.9pp-10.4%below the sector's middle half▼ 15.8pp7.9%within the sector's middle half▲ 18.3pp
Staff (FTE)1.4-0.1below the sector's middle half▼ 92.9%1▲ 900%1.1▲ 10.0%2.1▲ 90.9%0.7▼ 66.7%
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €90,822
Fixed assets
€18,580 ▼ 33.0%
Current assets
€72,242 ▼ 15.1%
Equity and liabilities €90,822
Equity
€34,860 ▲ 26.0%
Debt
€55,962 ▼ 34.3%
Debt's share of the balance-sheet total falls from 75.5% to 61.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,803▲
2023 · -€1,675
Cash flow
€16,328▲
2023 · -€2,835
Quick ratio
1.97▲
2023 · 0.95
Debt to equity
1.61▼
2023 · 3.08
ROE
20.6%▲
2023 · -42.3%
Interest coverage
17.34▲
2023 · -0.79
Debt ≤ 1 year
€34,337▼
2023 · €62,904
Debt > 1 year
€15,004▼
2023 · €22,249
Income taxes
€636▲
2023 · €232
Staff costs
€37,901▼
2023 · €70,541
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 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,439 | - | €8,811 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | €4,327 | €24,900 | €70,541 | €37,901 | ▼ 46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,445 | €7,020 | €2,340 | €8,564 | €8,863 | €9,136 | ▲ 3.1% |
| Other operating charges640/8 | - | - | €3,217 | €1,398 | €1,921 | €1,105 | ▼ 42.5% |
| Gross operating margin9900 | €76,924 | €30,951 | €12,360 | €44,808 | €70,787 | €55,809 | ▼ 21.2% |
| Operating profit (loss)9901 | €14,230 | €17,776 | €2,475 | €9,947 | -€10,538 | €7,668 | - |
| Financial income75/76B | - | - | €251 | €1,183 | €1,206 | €1,129 | ▼ 6.3% |
| Recurring financial income75 | €330 | €173 | €251 | €1,183 | €1,206 | €1,129 | ▼ 6.3% |
| Financial charges65/66B | - | - | €1,624 | €2,030 | €2,133 | €969 | ▼ 54.6% |
| Recurring financial charges65 | €1,451 | €925 | €1,624 | €2,030 | €2,133 | €969 | ▼ 54.6% |
| Profit (loss) for the period before taxes9903 | €13,109 | €15,884 | €1,102 | €9,099 | -€11,465 | €7,828 | - |
| Income taxes67/77 | - | €4,207 | €471 | €1,352 | €232 | €636 | ▲ 174% |
| Profit (loss) for the period9904 | €13,109 | €11,677 | €631 | €7,748 | -€11,697 | €7,192 | - |
| Profit (loss) for the period to be appropriated9905 | €13,109 | €11,677 | €631 | €7,748 | -€11,697 | €7,192 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €69,081 | €79,181 | €111,445 | €141,446 | €112,821 | €90,822 | ▼ 19.5% |
| Fixed assets21/28 | €21,704 | €9,620 | - | €35,078 | €27,716 | €18,580 | ▼ 33.0% |
| Tangible fixed assets22/27 | €21,704 | €9,620 | - | €35,078 | €27,716 | €18,580 | ▼ 33.0% |
| Plant, machinery and equipment23 | - | - | - | €35,078 | €26,318 | €17,557 | ▼ 33.3% |
| Furniture and vehicles24 | - | - | - | - | €1,398 | €1,023 | ▼ 26.8% |
| Current assets29/58 | €47,376 | €69,561 | €111,445 | €106,367 | €85,105 | €72,242 | ▼ 15.1% |
| Stocks and contracts in progress3 | €11,830 | €6,693 | €10,850 | €12,268 | €25,292 | €4,488 | ▼ 82.3% |
| Stocks30/36 | - | - | €10,850 | €12,268 | €11,745 | €4,488 | ▼ 61.8% |
| Contracts in progress37 | - | - | - | - | €13,547 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €30,276 | €28,183 | €88,688 | €29,642 | €57,003 | €66,625 | ▲ 16.9% |
| Trade receivables40 | - | - | €72,812 | €2,725 | €24,991 | €49,930 | ▲ 99.8% |
| Other amounts receivable41 | - | - | €15,876 | €26,917 | €32,012 | €16,695 | ▼ 47.8% |
| Cash at bank and in hand54/58 | - | €33,168 | €11,907 | €64,456 | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,811 | €1,129 | ▼ 59.8% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €69,081 | €79,181 | €111,445 | €141,446 | €112,821 | €90,822 | ▼ 19.5% |
| Equity10/15 | €19,309 | €30,986 | €31,617 | €39,365 | €27,668 | €34,860 | ▲ 26.0% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €13,109 | €24,786 | €25,417 | €33,165 | €21,468 | €28,660 | ▲ 33.5% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €23,557 | €31,305 | €19,608 | €26,800 | ▲ 36.7% |
| Amounts payable17/49 | €49,771 | €48,194 | €79,827 | €102,081 | €85,153 | €55,962 | ▼ 34.3% |
| Amounts payable after more than one year17 | - | - | €36,243 | €29,327 | €22,249 | €15,004 | ▼ 32.6% |
| Financial debts170/4 | - | - | €36,243 | €29,327 | €22,249 | €15,004 | ▼ 32.6% |
| Amounts payable within one year42/48 | €49,771 | €48,194 | €43,584 | €72,753 | €62,904 | €34,337 | ▼ 45.4% |
| Current portion of amounts payable after more than one year42 | - | - | €6,757 | €6,916 | €7,078 | €7,245 | ▲ 2.4% |
| Financial debts43 | - | - | - | - | €19,365 | €6,795 | ▼ 64.9% |
| Credit institutions430/8 | - | - | - | - | €19,365 | €6,795 | ▼ 64.9% |
| Trade debts44 | €30,419 | €42,846 | €33,746 | €60,822 | €30,683 | €14,436 | ▼ 53.0% |
| Suppliers440/4 | - | - | €33,746 | €60,822 | €30,683 | €14,436 | ▼ 53.0% |
| Taxes, remuneration and social security45 | - | - | €3,081 | €5,015 | €5,778 | €5,861 | ▲ 1.4% |
| Taxes450/3 | - | - | €2,882 | €3,121 | €1,584 | €5,796 | ▲ 266% |
| Remuneration and social security454/9 | - | - | €199 | €1,895 | €4,195 | €65 | ▼ 98.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €6,621 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,109 | €11,677 | €631 | €7,748 | -€11,697 | €7,192 | - |
| + Depreciation and write-downs630 | €10,445 | €7,020 | €2,340 | €8,564 | €8,863 | €9,136 | ▲ 3.1% |
| Operating cash flow (approximation) | €23,554 | €18,697 | €2,971 | €16,311 | -€2,835 | €16,328 | - |
| Investment in fixed assets (approximation) | - | €5,065 | - | - | -€1,500 | €0 | - |
| Change in cash | - | - | -€21,261 | €52,549 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 31-08-2025 | 2025-00455099 |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00395165 |
| 31-12-2022 | micro format | 15-06-2023 | 2023-00127813 |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20111343 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62200019 |
| 31-12-2019 | abbreviated format | 27-08-2020 | 2020-45500438 |
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Of the 8,460 active companies whose main activity is roofing work (NACE 43410), figures are known for 4,418. 3,559 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €295 awarded · €295 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €251 | €251 |
| 2022 | 1 | €44 | €44 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.