RHEOSTAT
ActiveRHEOSTAT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.27M and a net result of €173k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 88% of 391 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+4
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 4.93 against 2.71 in 2024; short-term debt: 9.2% and cash: 31% of total assets), and 10.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.9%
Return on assets
6.9%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-02-2026, 18 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
14 d early
2023
13 d early
2022
7 d early
2021
4 d early
2020
17 d early
2019
17 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.27M▲ 8.3%
2024 · €2.09M
2019: €1.46M
2020: €1.62M
2021: €1.74M
2022: €1.86M
2023: €2.01M
2024: €2.09M
2019 → 2025
Total assets
€2.52M▲ 2.2%
2024 · €2.47M
2019: €2.25M
2020: €2.65M
2021: €2.53M
2022: €2.82M
2023: €2.81M
2024: €2.47M
2019 → 2025
Net result
€173k▲ 119%
2024 · €79k
2019: €124k
2020: €157k
2021: €124k
2022: €119k
2023: €152k
2024: €79k
2019 → 2025
Working capital
€911k▲ 50.8%
2024 · €604k
2019: €-140k
2020: €-70k
2021: €-186k
2022: €409k
2023: €471k
2024: €604k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.74M-€1.86M▲ 6.8%€2.01M▲ 8.1%€2.09M▲ 3.9%€2.27M▲ 8.3%
Operating result€187k-€196k▲ 4.8%€235k▲ 19.9%€111k▼ 52.7%€259k▲ 134%
Net result€124k-€119k▼ 4.2%€152k▲ 27.6%€79k▼ 47.9%€173k▲ 119%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 134% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.52M
Fixed assets
€1.38M▼ 8.7%
Current assets
€1.14M▲ 19.4%
Equity and liabilities €2.52M
Equity
€2.27M▲ 8.3%
Debt
€255k▼ 31.9%
The debt ratio falls from 15.2% to 10.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€429k▲
2024 · €270k
Cash flow
€343k▲
2024 · €238k
Solvency
89.9%▲
2024 · 84.8%
Current ratio
4.93▲
2024 · 2.71
Quick ratio
4.93▲
2024 · 2.71
Debt / equity
0.11▼
2024 · 0.18
ROE
7.6%▲
2024 · 3.8%
ROA
6.9%▲
2024 · 3.2%
Interest coverage
39.21▼
2024 · 123.70
Debt
€255k▼
2024 · €374k
Debt ≤ 1 year
€232k▼
2024 · €353k
Income taxes
€82k▲
2024 · €35k
Staff costs
€85k▼
2024 · €101k
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€2.47M€2.52M▲
Fixed assets21/28€1.51M€1.38M▼
Tangible fixed assets22/27€1.51M€1.37M▼
Land and buildings22€1.44M€1.29M▼
Plant, machinery and equipment23€12k€5k▼
Furniture and vehicles24€52k€73k▲
Financial fixed assets28€4k€4k=
Current assets29/58€957k€1.14M▲
Amounts receivable within one year40/41€151k€112k▼
Trade receivables40€85k€110k▲
Other amounts receivable41€66k€3k▼
Current investments50/53€173k€197k▲
Cash at bank and in hand54/58€601k€780k▲
Deferred charges and accrued income490/1€32k€53k▲
Equity and liabilities
Total equity and liabilities10/49€2.47M€2.52M▲
Equity10/15€2.09M€2.27M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€412k€2.20M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€405k€2.20M▲
Profit (loss) carried forward14€1.62M€0▼
Amounts payable17/49€374k€255k▼
Amounts payable within one year42/48€353k€232k▼
Trade debts44€167k€79k▼
Suppliers440/4€167k€79k▼
Taxes, remuneration and social security45€60k€18k▼
Taxes450/3€36k€6k▼
Remuneration and social security454/9€24k€12k▼
Other amounts payable47/48€126k€135k▲
Accrued charges and deferred income492/3€21k€23k▲
Income statement
Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€101k€85k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€159k€169k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€37k€29k▼
Gross operating margin9900€408k€543k▲
Operating profit (loss)9901€111k€259k▲
Financial income75/76B€5k€7k▲
Recurring financial income75€5k€7k▲
Financial charges65/66B€2k€11k▲
Recurring financial charges65€2k€11k▲
Profit (loss) for the period before taxes9903€114k€255k▲
Transfer from deferred taxes780€0-
Income taxes67/77€35k€82k▲
Profit (loss) for the period9904€79k€173k▲
Profit (loss) for the period to be appropriated9905€79k€173k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.70M€1.79M▲
Profit (loss) brought forward from the previous period14P€1.62M€1.62M=
Transfer to equity691/2€79k€1.79M▲
To other reserves6921€79k€1.79M▲
The notes to these accounts (11 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
18-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
30-06
Financial
Highest result since 2019net €173k ▲119%
Operating result €259k, net result €173k, both a record.
17-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €79k ▼47.9%
Net result drops to €79k, the lowest in the series; recovery starts the following year.
18-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €2MEq €2.01M ▲8.1%
5 profitable years in a row build equity to €2.01M.
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity doublescurrent ratio 1.49
Current ratio from 0.71 to 1.49.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
11-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
04-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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 1990
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.
Nijverheidslaan 228560 WevelgemGround area
5,100 m²
Building footprint
2,608 m²
Parcel 34012A0358/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
Nijverheidslaan 22, 8560 Wevelgem
since 19902.102.784.410
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012A0358/00A000 | Flanders | 5,100 m² | 1 · 2,608 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
875500D7DZ3E0I97TS65
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Of 136 companies in sector 28410 we hold annual accounts for 107. 77 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-05-1990
Fiscal year end30-06
Activities, NACEBEL
28410Manufacture of machinery and equipment not elsewhere classified
29420
81220Other building cleaning and industrial cleaning
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47990Retail trade
52630
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.