Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of REI is 7.3% (elevated). The 2022 annual accounts show equity of €136k and a net result of €99k. Equity is growing by ~101.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 3544 sector peers (fiscal year 2022). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone7.3%
Elevated
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector
+Higher-failure-rate region
+Annual accounts: weaker financial profile
+
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-wideAnnual accounts not filed
The financial year that closed on 31-12-2023 was due at the National Bank by 31-07-2024. Nothing is on record today, 740 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.
Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 13-12-2023, 135 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
The year end is derived from 5 filed financial years, each closing on 31-12. 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 31-12-2022, that is 31-07-2023.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | nothing on record | not filed | - |
| 31-12-2022 | 31-07-2023 | 13-12-2023 | 135 d late | 2023-00531321 |
| 31-12-2021 | 31-07-2022 | 18-08-2022 | 18 d late | 2022-20294621 |
| 31-12-2020 | 31-07-2021 | 12-11-2021 | 104 d late | 2021-77200227 |
| 31-12-2019 | 31-07-2020 | 17-11-2021 | 474 d late | 2021-77600166 |
| 31-12-2018 | 31-07-2019 | 26-07-2019 | 5 d early | 2019-39400169 |
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 signalsMore than 3 years active
Founded in 2018, 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 administrative flags
Financials
Turnover€157k+49.5%
EBIT margin18.4%+11.9pp
Net result€99k+362.8%
Working capital€132k+214.6%
Annual accounts & ratios
Source: NBB · 2022Annual accounts filed on 13-12-2023 with the NBB · fiscal year 2022 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~101.1%/year over 5 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 56, Food & beverage service · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 52.5% | 16.7% | |
| Net result | €99k | €739 | |
| Equity | €136k | €10k | |
| Gross operating margin | €166k | €35k | |
| Total assets | €260k | €74k |
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).
P80
Stable position over 2020-2022
· n=1290-3544
P95
Improving position over 2020-2022
· n=1282-3526
P94
Improving position over 2020-2022
· n=1294-3550
P86
Improving position over 2020-2022
· n=1277-3512
Describes the position versus peers, not a forecast.
€157k
+49.5%
18-22
€157k
+421.9%
18-22
€99k
+362.8%
18-22
€106k
+374.3%
18-22
€260k
+221.3%
18-22
€136k
+261.5%
18-22
€132k
+214.6%
18-22
€55k
+635.3%
18-22
€123k
+186.2%
18-22
€93k
+232.2%
18-22
€30k
+100.0%
18-22
2.42
-3.2%
18-22
2.40
-3.9%
18-22
52.5%
+12.5%
18-22
0.90
-20.8%
18-22
72.3%
+28.0%
18-22
38.0%
+44.0%
18-22
13.5%
+55.9%
18-22
19.1%
+177.7%
18-22
93.48
-58.1%
18-22
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €157k |
| Net profit | €99k |
| Cash flow | €106k |
| Staff costs | - |
| Income taxes | €55k |
| Dividends | - |
| Total assets | €260k |
| Equity | €136k |
| Debt | €123k |
| of which ≤ 1y | €93k |
| of which > 1y | €30k |
| Working capital | €132k |
| Employees (FTE) | - |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 2.42 |
| Quick ratio | 2.40 |
| Working capital ratio | 50.9% |
| Solvency | 52.5% |
| Debt / equity | 0.90 |
| Long-term debt ratio | 0.22 |
| Interest coverage | 93.48 |
| Gross margin | - |
| Net margin | - |
| ROA | 38.0% |
| ROE | 72.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €260k |
| Fixed assets | 21/28 | €34k |
| Tangible fixed assets | 22/27 | €24k |
| Financial fixed assets | 28 | €10k |
| Current assets | 29/58 | €226k |
| Stocks & contracts in progress | 3 | €2k |
| Amounts receivable within one year | 40/41 | €16k |
| Cash & bank | 54/58 | €12k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €260k |
| Equity | 10/15 | €136k |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €100k |
| Accumulated profits (losses) | 14 | €30k |
| Amounts payable | 17/49 | €123k |
| Amounts payable after one year | 17 | €30k |
| Amounts payable within one year | 42/48 | €93k |
| Trade debts payable within one year | 44 | €23k |
| Income statement | ||
| Gross operating margin | 9900 | €166k |
| Operating result | 9901 | €149k |
| Financial income | 75 | €6k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €154k |
| Income taxes | 67/77 | €55k |
| Net result for the period | 9904 | €99k |
| Result to be appropriated | 9905 | €99k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2022 · computed100
/ 100
Excellent
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.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.
Directors
Directors & mandates
6 directorsCurrent directors & mandates
-
Current23-03-2021 → present
2 events
- 23-03-2021 Appointed· Director
- 01-10-2019 Resigned· Manager
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Not recently confirmedlast confirmed in an act from 2020
Former directors (4)
-
Former- → 31-12-2024
-
Former- → 31-03-2022
-
Former- → 30-09-2020
-
Former- → 31-03-2018
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Cafés en bars(56301) |
| Legal form | Private limited company(610) |
| Incorporation | 19-01-2018 |
| Status | Active |
| Postal code | 1060 |
Structure & network
Connections & network
3 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Establishment units
2 locations"Au Vieux Chemin"
since 20182.273.977.334
Bar Café Butrinti
since 20212.315.744.544
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area140 m²
Buildings2
Building footprint136 m²
Volume (LiDAR)1,713 m³
Tallest building16.1 m · ±5 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0017/00H007 | Brussels | 75 m² | 1 · 73 m² | 16.1 m · 5 fl. |
| 21562A0290/00G000 | Brussels | 64 m² | 1 · 63 m² | 14.5 m · 4 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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
16 acts Capital history · 7
18-05-2022
v3.2
23-03-2022
v3.2
09-03-2022
v3.2
12-04-2021
v3.2
16-01-2020
v3.2
18-06-2019
v3.2
16-04-2018
v3.2
Address history · 4
04-06-2026
Registered-office move
01-03-2024
v3.2
27-09-2023
v3.2
19-04-2022
v3.2
All acts · 16
updated 2 months ago
2026
04-06-2026 Registered office moved from Saint Gilles to Bruxelles
- Chaussée de Forest 126 - 1060 Saint Gilles → Rue Dethy 101, 1060 Bruxelles
2025
02-05-2025 Toska Ervis resigns as director
2024
01-03-2024 Registered office moved from Asse to Saint-Gilles
- Doornveld 140, 1731 Asse → Chaussée de Forest 126, 1060 Saint-Gilles
Summary:
v3.2
2023
27-09-2023 Registered office moved from Asse to ZELLIK
- Brusselsesteenweg 618, 1731 Asse → Doornveld 140/149, 1731 ZELLIK
Summary:
v3.2
2022
18-05-2022 Transaction in capital or shares
Summary:
v3.2
19-04-2022 Articles of association amended
Summary:
v3.2
19-04-2022 Registered office moved from Saint-Gilles to Zellik
- Chaussée de Forest 126, 1060 Saint-Gilles → Brusselsesteenweg 618, 1731 Zellik
Summary:
v3.2
23-03-2022 Transaction in capital or shares
Summary:
v3.2
09-03-2022 Transaction in capital or shares
Summary:
v3.2
2021
04-06-2021 DASCALESCU Maria Florina resigns as manager
12-04-2021 Transaction in capital or shares
Summary:
v3.2
2020
16-01-2020 Transaction in capital or shares
Summary:
v3.2
2019
18-06-2019 Transaction in capital or shares
Summary:
v3.2
2018
10-08-2018 Change in the board of directors
Summary:
v3.2
16-04-2018 Transaction in capital or shares
Summary:
v3.2
23-01-2018 Incorporation of a new SNC
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes96
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
100
Solvency
96
Growth
85
Stability
100
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Credit advice
verdict per customer and amountSimilar
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Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Cafés en bars56301Cafés en bars56301
Primary activity highlighted.
Names & trade names
| Legal nameFR | REI |
Registered office
Dethystraat 101
1060 Sint-Gillis (bij-Brussel), Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.