A.E. KLAUS VAN REETH · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of A.E. KLAUS VAN REETH is 2.0% (moderate). The 2022 annual accounts show negative equity (€-509) and a net result of €14k. Equity is growing by ~81.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 6636 sector peers (fiscal year 2022). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.0% Moderate

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Higher-failure-rate sector +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 30-06-2023 was due at the National Bank by 31-01-2024. Nothing is on record today, 930 days later. 3 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Latest accounts filed on time

The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 16-01-2023, 15 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2022, that is 31-01-2023.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	nothing on record	not filed	-
30-06-2024	31-01-2025	nothing on record	not filed	-
30-06-2023	31-01-2024	nothing on record	not filed	-
30-06-2022	31-01-2023	16-01-2023	15 d early	2023-20558268
30-06-2021	31-01-2022	25-01-2022	6 d early	2022-02400178
30-06-2020	31-01-2021	29-12-2020	33 d early	2020-77600184
30-06-2018	31-01-2019	28-12-2018	34 d early	2018-76300003
30-06-2017	31-01-2018	06-12-2017	56 d early	2017-71200532
30-06-2016	31-01-2017	01-09-2017	213 d late	2017-59400339
30-06-2015	31-01-2016	04-03-2016	33 d late	2016-05800549
30-06-2014	31-01-2015	04-03-2016	398 d late	2016-05800534
30-06-2013	31-01-2014	01-03-2016	760 d late	2016-05800450

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 2000, 25 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€14k

Working capital€-1k+91.8%

CSV export

Annual accounts & ratios

Source: NBB · 2022

Annual accounts filed on 16-01-2023 with the NBB · fiscal year 2022 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~81.6%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2022 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-0.6%	36.3%	better than 9% of 6636 sector peers
Net result	€14k	€12k	better than 54% of 6621 sector peers
Equity	€-509	€26k	better than 9% of 6644 sector peers
Gross operating margin	€22k	€32k	better than 38% of 6615 sector peers
Total assets	€80k	€86k	better than 47% of 6637 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P9

Stable position over 2020-2022 · n=1740-6636

Net result P54

Improving position over 2020-2022 · n=1734-6621

Equity P9

Stable position over 2020-2022 · n=1743-6644

Gross operating margin P38

Improving position over 2020-2022 · n=1732-6615

Describes the position versus peers, not a forecast.

EBITDA

€19k

+46.9% 20-22

Net profit

€14k

- 20-22

Cash flow

€14k

- 20-22

Total assets

€80k

+21.1% 20-22

Equity

€-509

+96.5% 20-22

Working capital

€-1k

+91.8% 20-22

Income taxes

€4k

- 20-22

Debt

€80k

-0.4% 20-22

Show 8 other metrics

Debt ≤ 1y

€80k

-0.4% 20-22

Current ratio

0.98

+20.5% 20-22

Quick ratio

0.36

-55.8% 20-22

Solvency

-0.6%

+97.1% 20-22

Debt / equity

-157.42

- 20-22

ROE

-2790.6%

- 20-22

ROA

17.8%

- 20-22

Interest coverage

31.33

- 20-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	micro
Revenue	-
EBITDA	€19k
Net profit	€14k
Cash flow	€14k
Staff costs	-
Income taxes	€4k
Dividends	-
Total assets	€80k
Equity	€-509
Debt	€80k
of which ≤ 1y	€80k
of which > 1y	-
Working capital	€-1k
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	0.98
Quick ratio	0.36
Working capital ratio	-1.5%
Solvency	-0.6%
Debt / equity	-157.42
Long-term debt ratio	-
Interest coverage	31.33
Gross margin	-
Net margin	-
ROA	17.8%
ROE	-2790.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €694 · 0.9% Current assets €79k · 99.1%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€80k
Fixed assets	21/28	€694
Tangible fixed assets	22/27	€694
Current assets	29/58	€79k
Stocks & contracts in progress	3	€50k
Amounts receivable within one year	40/41	€12k
Cash & bank	54/58	€17k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€80k
Equity	10/15	€-509
Contributions / capital	10/11	€19k
Reserves	13	€22k
Accumulated profits (losses)	14	€-41k
Amounts payable	17/49	€80k
Amounts payable within one year	42/48	€80k
Income statement
Gross operating margin	9900	€22k
Operating result	9901	€19k
Financial charges	65	€617
Result before taxes	9903	€19k
Income taxes	67/77	€4k
Net result for the period	9904	€14k
Result to be appropriated	9905	€14k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2022 · computed

16 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

ALGEMENE ELEKTRICITEITSWERKEN KLAUS VAN REETH

Egied De Jonghestraat(WIN) 79, 2880 BornemGroothandel in banden voor motorvoertuigen

since 20002.116.046.585

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area551 m²

Buildings1

Building footprint169 m²

Volume (LiDAR)772 m³

Tallest building8.8 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12015B0489/00G000	Flanders	551 m²	1 · 169 m²	8.8 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

48 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 16

Profitability 0

Solvency 44

Growth 78

Stability 100

Credit advice

verdict per customer and amount

Similar

Similar companies

Comparable size, same sector

ECOBAT

BE 0839.973.478 · Binche

Eq €15k→

FNA Technics

BE 1004.779.349 · Lede

Eq €15k→

BSD Service

BE 0768.548.222 · Zelzate

Eq €15k→

JCP-Electricité

BE 0792.277.192 · Jodoigne

Eq €14k→

JL-V SERVICE

BE 1006.569.889 · Pelt

Eq €14k→

We hold annual accounts for 3,244 of the 22,784 companies in this sector. 2,656 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Elektrische installatie45310

Primary activity highlighted.

Names & trade names

Legal nameNL

A.E. KLAUS VAN REETH

Registered office

Egied De Jonghestraat(WIN) 79

2880 Bornem, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.