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VAN REET

Active
Public limited companyfounded 198739 yrs activeRue de Ferrière 6, 1470 Genappe, BelgiumKBO/BCE: BE 0431.469.955
Summary

VAN REET has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,994 and a net result of €32,451. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability68▲+42
Solvency39▲+12
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
short-term debt: 47.4% of total assets, and 85.9% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 39 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
14.1%
Return on assets
12%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €37,994
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 d early
2024
25 d late
2023
54 d late
2022
32 d late
2021
31 d late
2020
38 d late
2019
81 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 23 June 1987, VAN REET was incorporated.1 Total assets went from EUR 20,000 in 2018 to EUR 270,000 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€32,451
2024 · -€12,675
Working capital
-€73,953
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€772▼ 122%-€818▼ 6.0%-€2,114▼ 158%-€2,096▲ 0.8%-€3,311▼ 58.0%
Net result-€2,918within the sector's middle half▼ 6.6%€134,175above the sector's middle half-€10,915within the sector's middle half-€12,675within the sector's middle half▼ 16.1%€32,451within the sector's middle half
Equity-€105,043below the sector's middle half▼ 2.9%€29,132within the sector's middle half€18,218below the sector's middle half▼ 37.5%€5,543below the sector's middle half▼ 69.6%€37,994below the sector's middle half▲ 585%
Total assets€270,000within the sector's middle half=€270,000within the sector's middle half=€270,000below the sector's middle half=€270,000below the sector's middle half=€270,000below the sector's middle half=
Debt€375,043▲ 0.8%€240,868▼ 35.8%€251,782▲ 4.5%€264,457▲ 5.0%€232,006▼ 12.3%
Working capital
Solvency-38.9%below the sector's middle half▼ 1.1pp10.8%within the sector's middle half▲ 49.7pp6.7%below the sector's middle half▼ 4.0pp2.1%below the sector's middle half▼ 4.7pp14.1%within the sector's middle half▲ 12.0pp
Current ratio
Return on assets (ROA)-1.1%within the sector's middle half▼ 0.1pp49.7%above the sector's middle half▲ 50.8pp-4.0%below the sector's middle half▼ 53.7pp-4.7%below the sector's middle half▼ 0.7pp12.0%above the sector's middle half▲ 16.7pp
Staff (FTE)0below the sector's middle half
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000€150,000Operating result 2021: -€772-€772Net result 2021: -€2,918-€2,918Operating result 2022: -€818-€818Net result 2022: €134,175€134,175Operating result 2023: -€2,114-€2,114Net result 2023: -€10,915-€10,915Operating result 2024: -€2,096-€2,096Net result 2024: -€12,675-€12,675Operating result 2025: -€3,311-€3,311Net result 2025: €32,451€32,45120212022202320242025-€20,000€0€20,000€40,000Operating result 2023: -€2,114-€2,110Net result 2023: -€10,915-€10,900Operating result 2024: -€2,096-€2,100Net result 2024: -€12,675-€12,700Operating result 2025: -€3,311-€3,310Net result 2025: €32,451€32,500202320242025
The operating result stays negative: a loss of €3,311 in 2025 against €2,096 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €270,000
Equity €37,994 ▲ 585%
Debt €232,006 ▼ 12.3%
Debt's share of the balance-sheet total falls from 97.9% to 85.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
6.11▼
2024 · 47.71
ROE
85.4%▲
2024 · -228.7%
Debt ≤ 1 year
€128,006▼
2024 · €160,457
Debt > 1 year
€104,000=
2024 · €104,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€270,000€270,000=
Fixed assets21/28€270,000€270,000=
Financial fixed assets28€270,000€270,000=
Equity and liabilities
Total equity and liabilities10/49€270,000€270,000=
Equity10/15€5,543€37,994▲
Contributions10/11€317,304€317,304=
Capital10€317,304€317,304=
Issued capital100€317,304€317,304=
Reserves13€150,877€150,877=
Non-distributable reserves130/1€20,330€20,330=
Legal reserve130€20,330€20,330=
Tax-exempt reserves132€18,750€18,750=
Distributable reserves133€111,797€111,797=
Profit (loss) carried forward14-€462,638-€430,187▲
Amounts payable17/49€264,457€232,006▼
Amounts payable after more than one year17€104,000€104,000=
Financial debts170/4€104,000€104,000=
Amounts payable within one year42/48€160,457€128,006▼
Financial debts43€94,046€102,677▲
Credit institutions430/8€94,046€102,677▲
Trade debts44-€42
Suppliers440/4-€42
Other amounts payable47/48€66,411€25,287▼
Income statement Code20242025
Other operating charges640/8€780€400▼
Gross operating margin9900-€1,316-€2,912▼
Operating profit (loss)9901-€2,096-€3,311▼
Financial income75/76B-€46,220
Recurring financial income75-€46,220
Financial charges65/66B€10,579€10,457▼
Recurring financial charges65€10,579€10,457▼
Profit (loss) for the period before taxes9903-€12,675€32,451▲
Profit (loss) for the period9904-€12,675€32,451▲
Profit (loss) for the period to be appropriated9905-€12,675€32,451▲
Appropriation of the result
Profit (loss) to be appropriated9906-€462,638-€430,187▲
Profit (loss) brought forward from the previous period14P-€449,963-€462,638▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€348€348€0€780€400▼ 48.8%
Gross operating margin9900-€425-€471-€2,114-€1,316-€2,912▼ 121%
Operating profit (loss)9901-€772-€818-€2,114-€2,096-€3,311▼ 58.0%
Financial income75/76B-€140,000€0-€46,220-
Recurring financial income75-€140,000€0-€46,220-
Financial charges65/66B€2,146€5,007€8,801€10,579€10,457▼ 1.1%
Recurring financial charges65€2,146€5,007€8,801€10,579€10,457▼ 1.1%
Profit (loss) for the period before taxes9903-€2,918€134,175-€10,915-€12,675€32,451▲ 356%
Profit (loss) for the period9904-€2,918€134,175-€10,915-€12,675€32,451▲ 356%
Profit (loss) for the period to be appropriated9905-€2,918€134,175-€10,915-€12,675€32,451▲ 356%
Line20212022202320242025Change
Assets
Total assets20/58€270,000€270,000€270,000€270,000€270,000=
Fixed assets21/28€270,000€270,000€270,000€270,000€270,000=
Financial fixed assets28€270,000€270,000€270,000€270,000€270,000=
Equity and liabilities
Total equity and liabilities10/49€270,000€270,000€270,000€270,000€270,000=
Equity10/15-€105,043€29,132€18,218€5,543€37,994▲ 585%
Contributions10/11€317,304€317,304€317,304€317,304€317,304=
Capital10€317,304€317,304€317,304€317,304€317,304=
Issued capital100€317,304€317,304€317,304€317,304€317,304=
Reserves13€150,877€150,877€150,877€150,877€150,877=
Non-distributable reserves130/1€20,330€20,330€20,330€20,330€20,330=
Legal reserve130€20,330€20,330€20,330€20,330€20,330=
Tax-exempt reserves132€18,750€18,750€18,750€18,750€18,750=
Distributable reserves133€111,797€111,797€111,797€111,797€111,797=
Profit (loss) carried forward14-€573,223-€439,048-€449,963-€462,638-€430,187▲ 7.0%
Amounts payable17/49€375,043€240,868€251,782€264,457€232,006▼ 12.3%
Amounts payable after more than one year17€250,000€144,000€114,000€104,000€104,000=
Financial debts170/4€250,000--€104,000€104,000=
Other amounts payable178/9-€144,000€114,000---
Amounts payable within one year42/48€124,195€96,368€137,782€160,457€128,006▼ 20.2%
Financial debts43€15,587€51,703€112,371€94,046€102,677▲ 9.2%
Credit institutions430/8€15,587€51,703€112,371€94,046€102,677▲ 9.2%
Trade debts44----€42-
Suppliers440/4----€42-
Other amounts payable47/48€108,608€44,665€25,411€66,411€25,287▼ 61.9%
Accrued charges and deferred income492/3€848€500€0---
Line20212022202320242025Change
Profit (loss) for the period9904-€2,918€134,175-€10,915-€12,675€32,451▲ 356%
Operating cash flow (approximation)-€2,918€134,175-€10,915-€12,675€32,451▲ 356%
Investment in fixed assets (approximation)-€0€0€0€0-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
06-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Back to profitnet €32,451
Net result €32,451 after 2 loss-making years.
25-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
23-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 54 days late
2023
01-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial Back to profitnet €134,175
Net result €134,175 after 4 loss-making years.
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
07-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 38 days late
2020
20-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 81 days late
2019
31-12
Financial Weakest financial yearnet -€25,121
Net result drops to -€25,121, the lowest in the series; recovery starts the following year.
19-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
06-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
23-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
8 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, Genappe · 1 establishment unit since 1987
seat establishment The establishment unit on the map
Ground area
1,382 m²
Building footprint
334 m²
Volume, LiDAR
1,800 m³
Parcel 25013B0083/00F000, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
NV VAN REET SA
Rue de Ferrière 6, 1470 GenappeNACE 1562008
since 19872.030.087.363
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25013B0083/00F000 Wallonia 1,382 m² 1 · 334 m² 9.7 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

According to the 2025 annual accounts of VAN REET and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 2,802 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded23-06-1987
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID 0208:0431469955
Registered 01-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.