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Complete company report
Generated 19-08-2026
Active BE 0429.583.405Public limited company

REGEL

Rue Charles Catala 78 ·1460 Ittre, Belgium· 39 yrs active
Conclusion Checked

The KBO register records legal situation 013 for REGEL (Register: dissolution or liquidation); this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show equity of €3.48M and a net result of €-707k.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €3.48M
Net result €-707k
Active 39 yrs
Locations 1
Financial profile 5 of 5 axes measured · computed by Checked
Health0Profitability0Solvency61Growth32Stability0
19 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 61
Growth 32
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Dissolution or liquidation

The KBO register records that this company is being wound up. A twelve-month bankruptcy probability no longer says anything in that case, so we show no figure.

Risk Assessment rule-based
13 / 100
High riskRegister: dissolution or liquidation
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 013 for this company; it does not feed the figure above.
Components
· 1 judicial reorganisation (+10)
· 1 administrative flag (+3)
Trust signals 2 signals
Register: dissolution or liquidation
The KBO register records legal situation 013 for this company. This is today's state according to the register itself; the register carries no start date.
In judicial reorganisation
Ongoing procedure under court protection (Book XX WER). The company is restructuring.
Administrative Flags1 events
Late accounts filing
Health barometer FY 2020 · computed
0 / 100 Critical
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.

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 2020 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 03-03-2022 with the NBB · fiscal year 2020 · volledig
€-750k€-500k€-250k€0€250kOperating result 2019: €221k€221kNet result 2019: €-645k€-645kOperating result 2020: €39k€39kNet result 2020: €-707k€-707k20192020
Operating resultNet result
EBITDA
€156k
-54.0% 19-20
Net profit
€-707k
-9.6% 19-20
Cash flow
€-590k
-12.1% 19-20
Total assets
€13.23M
-1.8% 19-20
Equity
€3.48M
-2.4% 19-20
Working capital
€757k
+15.1% 19-20
Income taxes
€94k
- 19-20
Debt
€8.78M
-0.6% 19-20
Show 8 other metrics
Debt ≤ 1y
€5.65M
-3.9% 19-20
Debt > 1y
€3.07M
+4.2% 19-20
Current ratio
1.13
+2.0% 19-20
Quick ratio
1.13
+2.0% 19-20
Solvency
26.3%
-0.6% 19-20
Debt / equity
0.88
+6.8% 19-20
ROE
-20.3%
-12.4% 19-20
ROA
-5.3%
-11.7% 19-20
Figures by fiscal year
Fiscal year2020
Depositvolledig
Revenue-
EBITDA€156k
Net profit€-707k
Cash flow€-590k
Staff costs-
Income taxes€94k
Dividends-
Total assets€13.23M
Equity€3.48M
Debt€8.78M
of which ≤ 1y€5.65M
of which > 1y€3.07M
Working capital€757k
Employees (FTE)-
Ratios (computed)
2020
Current ratio1.13
Quick ratio1.13
Working capital ratio5.7%
Solvency26.3%
Debt / equity0.88
Long-term debt ratio0.88
Interest coverage-
Gross margin-
Net margin-
ROA-5.3%
ROE-20.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€13.23M
Fixed assets 21/28€6.82M
Tangible fixed assets 22/27€1.48M
Financial fixed assets 28€5.33M
Current assets 29/58€6.41M
Amounts receivable within one year 40/41€2.86M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€13.23M
Equity 10/15€3.48M
Contributions / capital 10/11€2.74M
Reserves 13€1.45M
Accumulated profits (losses) 14€-707k
Provisions & deferred taxes 16€965k
Amounts payable 17/49€8.78M
Amounts payable after one year 17€3.07M
Amounts payable within one year 42/48€5.65M
Trade debts payable within one year 44€12k
Income statement
Gross operating margin 9900€92k
Operating result 9901€39k
Financial income 75€56k
Financial charges 65€102k
Result before taxes 9903€-6k
Income taxes 67/77€94k
Net result for the period 9904€-87k
Result to be appropriated 9905€-62k
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation09-10-1986
StatusActive
Postal code1460
First BS signal 30-05-2022
Latest BS signal 30-05-2022
Establishment units 1 location
REGEL
Zijdeweverijstraat 52, 1190 VorstVerhuur van woningen, exclusief sociale woningen
since 19862.034.854.815
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21384D0019/00X002 Brussels 4,703 m² 1 · 120 m² 9.8 m · 2 fl.
25108B0640/00T002 Wallonia 745 m² 1 · 52 m² 10.8 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 14 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
08-09-2025
KBO administration Late accounts filing
2023
09-06-2023
State Gazette act Registered-office change
Olivier Brouwers
2022
30-05-2022
Judicial reorganisation Opening
Tribunal de l’entreprise du Brabant wallon · amiable · event 23-05-2022
03-03-2022
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
30-11-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2018
11-07-2018
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2017
10-01-2017
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
28-10-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
29-08-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
2013
07-08-2013
NBB filing Annual accounts filed
fiscal year 2012 · volledig
2012
24-08-2012
NBB filing Annual accounts filed
fiscal year 2011 · volledig
2011
24-08-2011
NBB filing Annual accounts filed
fiscal year 2010 · volledig
2010
31-08-2010
NBB filing Annual accounts filed
fiscal year 2009 · volledig
Lifecycle & Insolvency Signals2 events
08-09-2025
KBO administration Late accounts filing
 · Publications in State Gazette ↗
Full insolvency chronology

The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.

We hold 1 further earlier event in this file, covering 23-05-2022 to 08-09-2025.

Available in Kantoor S. See plans →
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262022-05-30 · Judicial reorganisation · Opening2025-09-08 · KBO administration · Late accounts filing
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 7 acts read

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
Address history · 1
09-06-2023
Registered-office move
All acts · 1 updated 3 years ago
2023
09-06-2023 Registered office moved from Lasne to Iltre Registered-office change·Olivier Brouwers
  • Rue d'Alaumont 24 : 1380 Lasne → Rue Charles Catala, 78 à 1460 Ittre
Notary: Olivier Brouwers
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Rue Charles Catala, 78 \u00E0 1460 Ittre",
        "city": "Iltre",
        "region": "waals_gewest",
        "street": "Rue Charles Catala",
        "country": "BE",
        "postcode": "1460",
        "box_number": null,
        "street_number": "78",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Rue d\u0027Alaumont 24 : 1380 Lasne",
        "city": "Lasne",
        "region": "waals_gewest",
        "street": "Rue d\u0027Alaumont",
        "country": "BE",
        "postcode": "1380",
        "box_number": null,
        "street_number": "24",
        "locality_suffix": null
      },
      "effective_date": null,
      "evidence_quote": "D\u00E9cision de transf\u00E9rer le si\u00E8ge de la soci\u00E9t\u00E9 \u00E0 l\u2019adresse suivante : \u2022 Rue Charles Catala, 78 \u00E0 1460 Ittre",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "not_specified",
      "statutaire_vs_werkelijke": null,
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": "Olivier Brouwers",
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2023-06-09",
    "filing_date": "2023-06-07",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "date": "2023-05-02",
    "unanimous": true
  },
  "subject_company": {
    "kbo": "0429.583.405",
    "name_full": "REGEL",
    "legal_form": "SA"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Olivier Brouwers",
    "org_rep_person_name": null,
    "person_role_at_subject": "Mandataire"
  },
  "co_filed_documents": [
    "Bijlagen bij het Belgisch Staatsblad - 09/06/2023 - Annexes du Moniteur belge"
  ]
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR REGEL
Registration history
  1. 08-09-2025 Late accounts filing
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative