REDS
ActiveSummary
The annual accounts of REDS for fiscal year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €41k and a net result of €-58k. Equity is growing by ~58% per year across the filed fiscal years. Its solvency ranks better than 15% of 36375 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▼-6
Solvency29▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.01 against 0.79 in 2024; short-term debt: 31.7% and cash: 2.5% of total assets), and 96.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.7%
Return on assets
-5.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
54 d late
2024
29 d late
2023
8 d early
2022
25 d early
2021
on the day
2020
28 d late
2019
32 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€41k▼ 58.9%
2024 · €99k
2019: €-19k
2020: €5k
2021: €17k
2022: €72k
2023: €134k
2024: €99k
2019 → 2025
Total assets
€1.09M▲ 17.3%
2024 · €925k
2019: €210k
2020: €253k
2021: €258k
2022: €382k
2023: €667k
2024: €925k
2019 → 2025
Net result
€-58k▼ 63.0%
2024 · €-36k
2019: €-15k
2020: €24k
2021: €13k
2022: €56k
2023: €57k
2024: €-36k
2019 → 2025
Working capital
€3k
2024 · €-72k
2019: €-86k
2020: €-66k
2021: €-55k
2022: €-34k
2023: €-47k
2024: €-72k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€72k▲ 315%€134k▲ 85.7%€99k▼ 26.5%€41k▼ 58.9%
Operating result€22k-€80k▲ 266%€90k▲ 12.9%€-11k€-31k▼ 178%
Net result€13k-€56k▲ 333%€57k▲ 1.6%€-36k€-58k▼ 63.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31k in 2025 against €11k 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
Assets €1.09M
Fixed assets
€738k ▲ 11.7%
Current assets
€347k ▲ 31.3%
Equity and liabilities €1.09M
Equity
€41k ▼ 58.9%
Provisions
€9k ▼ 5.4%
Debt
€1.04M ▲ 26.7%
Debt's share of the balance-sheet total rises from 88.4% to 95.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24k▼
2024 · €31k
Cash flow
€-3k▼
2024 · €7k
Current ratio
1.01▲
2024 · 0.79
Quick ratio
0.56▼
2024 · 0.58
Debt to equity
25.54▲
2024 · 8.28
ROE
-143.4%▼
2024 · -36.1%
ROA
-5.4%▼
2024 · -3.9%
Interest coverage
0.85▼
2024 · 1.27
Debt ≤ 1 year
€344k▲
2024 · €336k
Debt > 1 year
€687k▲
2024 · €481k
Income taxes
€264▲
2024 · €223
Staff costs
€143k▲
2024 · €116k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€925k€1.09M▲
Fixed assets21/28€661k€738k▲
Intangible fixed assets21€1k€5k▲
Tangible fixed assets22/27€660k€733k▲
Land and buildings22€567k€644k▲
Plant, machinery and equipment23€29k€49k▲
Furniture and vehicles24€53k€41k▼
Other tangible fixed assets26€11k-
Current assets29/58€264k€347k▲
Stocks and contracts in progress3€70k€156k▲
Stocks30/36€70k€138k▲
Contracts in progress37-€18k
Amounts receivable within one year40/41€144k€164k▲
Trade receivables40€129k€119k▼
Other amounts receivable41€15k€44k▲
Cash at bank and in hand54/58€47k€27k▼
Deferred charges and accrued income490/1€3k€784▼
Equity and liabilities
Total equity and liabilities10/49€925k€1.09M▲
Equity10/15€99k€41k▼
Contributions10/11€19k€19k=
Reserves13€114k€113k▼
Tax-exempt reserves132€27k€26k▼
Distributable reserves133€87k€87k=
Profit (loss) carried forward14€-34k€-91k▼
Provisions and deferred taxes16€9k€9k▼
Deferred taxes168€9k€9k▼
Amounts payable17/49€817k€1.04M▲
Amounts payable after more than one year17€481k€687k▲
Financial debts170/4€481k€687k▲
Amounts payable within one year42/48€336k€344k▲
Current portion of amounts payable after more than one year42€59k€56k▼
Financial debts43€125k€125k=
Credit institutions430/8€125k€125k=
Trade debts44€93k€140k▲
Suppliers440/4€93k€140k▲
Advances received on contracts in progress46€3k-
Taxes, remuneration and social security45€22k€22k▼
Taxes450/3€5k-
Remuneration and social security454/9€17k€22k▲
Other amounts payable47/48€35k-
Accrued charges and deferred income492/3-€5k
Income statement
Code20242025
Remuneration, social security and pensions62€116k€143k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€55k▲
Other operating charges640/8€2k€6k▲
Gross operating margin9900€150k€172k▲
Operating profit (loss)9901€-11k€-31k▼
Financial income75/76B€6€483▲
Recurring financial income75€6€483▲
Financial charges65/66B€25k€28k▲
Recurring financial charges65€25k€28k▲
Profit (loss) for the period before taxes9903€-36k€-58k▼
Transfer from deferred taxes780€486€486=
Income taxes67/77€223€264▲
Profit (loss) for the period9904€-36k€-58k▼
Transfer from tax-exempt reserves789€1k€1k=
Profit (loss) for the period to be appropriated9905€-34k€-57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-91k▼
Profit (loss) brought forward from the previous period14P-€-34k
The notes to these accounts (14 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
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 54 days late
2025
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €57k ▲1.6%
Operating result €90k, net result €57k, both a record.
31-12
Financial
Equity above €100kEq €134k ▲85.7%
4 profitable years in a row build equity to €134k.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
30-06
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Berlare · 1 establishment unit since 2016
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.
Kerkwegel(U) 199290 BerlareGround area
224 m²
Building footprint
308 m²
Volume, LiDAR
1,372 m³
Parcel 42022A0458/02M002, Flanders · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JDS TECHNICS
since 20162.257.699.447
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42022A0458/02M002 | Flanders | 224 m² | 1 · 308 m² | 5.9 m · 2 fl. |
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.
Similar companies · same sector, comparable size
C&CTRONIX
BE 0896.858.535
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LANDUYT MARC
BE 0456.775.770
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ELITECO
BE 0818.235.184
Herk-de-Stad · Eq €98,682
ELD SECURITY
BE 0875.001.663
Zulte · Eq €98,664
VANDENDRIESSCHE HEIN
BE 0842.371.952
Anzegem · Eq €98,662
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,816 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.