RED SOLUTIONS · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of RED SOLUTIONS is 3.7% (moderate). The 2023 annual accounts show equity of €12k and a net result of €9k. Its solvency ranks better than 69% of 9099 sector peers (fiscal year 2023). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Filing behaviour

From the deposit records, complete market-wide

Filed more than 90 days late

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-11-2024, 118 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

How we compute the deadline

There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. 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 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2023	31-07-2024	26-11-2024	118 d late	2024-00606298

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

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

3.7% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

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

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€9k

Working capital€8k

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 26-11-2024 with the NBB · fiscal year 2023 · micro

Sector comparison

Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	54.3%	38.7%	better than 69% of 9099 sector peers
Net result	€9k	€12k	better than 45% of 9084 sector peers
Equity	€12k	€30k	better than 26% of 9105 sector peers
Gross operating margin	€15k	€33k	better than 28% of 9074 sector peers
Total assets	€22k	€89k	better than 10% of 9100 sector peers

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

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€15k
Net profit	€9k
Cash flow	€12k
Staff costs	-
Income taxes	€3k
Dividends	-
Total assets	€22k
Equity	€12k
Debt	€10k
of which ≤ 1y	€10k
of which > 1y	-
Working capital	€8k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	1.80
Quick ratio	1.80
Working capital ratio	35.5%
Solvency	54.3%
Debt / equity	0.84
Long-term debt ratio	-
Interest coverage	677.19
Gross margin	-
Net margin	-
ROA	42.9%
ROE	79.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €4k · 19.9% Current assets €18k · 80.1%

Equity & liabilities

Equity €12k · 54.4% Debt €10k · 45.7%

Full annual accounts

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

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€22k
Fixed assets	21/28	€4k
Tangible fixed assets	22/27	€874
Financial fixed assets	28	€4k
Current assets	29/58	€18k
Amounts receivable within one year	40/41	€7k
Cash & bank	54/58	€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€22k
Equity	10/15	€12k
Contributions / capital	10/11	€3k
Accumulated profits (losses)	14	€9k
Amounts payable	17/49	€10k
Amounts payable within one year	42/48	€10k
Trade debts payable within one year	44	€254
Income statement
Gross operating margin	9900	€15k
Operating result	9901	€12k
Financial charges	65	€21
Result before taxes	9903	€12k
Income taxes	67/77	€3k
Net result for the period	9904	€9k
Result to be appropriated	9905	€9k

Ratios computed by Checked.

Health barometer

FY 2023 · computed

93 / 100 Excellent

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Draaiboomstraat 182660 Antwerpen

Establishment units

1 location

RED SOLUTIONS

Draaiboomstraat 18, 2660 AntwerpenAlgemene elektrotechnische installatiewerken

since 20222.340.913.371

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

Parcels1

Ground area141 m²

Buildings1

Building footprint64 m²

Volume (LiDAR)298 m³

Tallest building8.6 m · ±2 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.
11383B0499/00B003	Flanders	141 m²	1 · 64 m²	8.6 m · 2 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

Belgisch Staatsblad · acts

1 acts

Address history · 1

03-06-2024

Registered-office move

All acts · 1 updated 2 years ago

2024

03-06-2024 Registered office moved from Antwerpen to Hoboken Registered-office change

Kloosterstraat 58-2660 Antwerpen → Draaiboomstraat 18, 2660 Hoboken

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

91 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 93

Profitability 100

Solvency 92

Growth -

Stability 79

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