REIN4CED

Open bankruptcy

Public limited companyfounded 2015Diependaalweg 4a, 3020 Herent, BelgiumKBO/BCE: BE 0597.747.256

A bankruptcy procedure is open for REIN4CED according to publications in the Belgian State Gazette; curator: ILSE VAN DE MIEROP.

Summary

The 2024 annual accounts show equity of €58k and a net result of €-5.41M.

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Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-5.41M

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 199 sector peers (2024).

NBB · sector comparison

Position among 199 sector peers

Solvency

better than 13%

← weakest strongest →

The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

59 d early

2023

5 d early

2022

33 d early

2021

59 d early

2020

4 d late

2019

3 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Turnover

€344k▲ 12.3%

2021 · €306k

2021: €306k

2021 → 2022

EBIT margin

-2185.9%▼ 1054.9pp

2021 · -1130.9%

2021: -1130.9%

2021 → 2022

Net result

€-5.41M▲ 7.4%

2023 · €-5.84M

2018: €-716k 2019: €-964k 2020: €-2.04M 2021: €-3.60M 2022: €-7.28M 2023: €-5.84M

2018 → 2024

Working capital

€-6.20M▼ 431%

2023 · €-1.17M

2018: €321k 2019: €-355k 2020: €-4.59M 2021: €3.36M 2022: €1.26M 2023: €-1.17M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€306k€344k▲ 12.3%

Equity€-1.26M-€8.41M€7.31M▼ 13.1%€5.76M▼ 21.2%€58k▼ 99.0%

Operating result€-1.79M-€-3.46M▼ 93.3%€-7.51M▼ 117%€-5.92M▲ 21.2%€-5.20M▲ 12.2%

Net result€-2.04M-€-3.60M▼ 76.9%€-7.28M▼ 102%€-5.84M▲ 19.8%€-5.41M▲ 7.4%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €5.20M in 2024 against €5.92M in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €9.21M

83.1%

16.9%

Fixed assets €7.65M ▼ 14.5%

Current assets €1.56M ▼ 29.6%

Equity and liabilities €9.21M

98.3%

Equity €58k ▼ 99.0%

Provisions €94k ▲ 65.6%

Debt €9.05M ▲ 69.5%

Debt's share of the balance-sheet total rises from 47.9% to 98.3%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-2.62M▲

2023 · €-3.56M

Cash flow

€-2.83M▲

2023 · €-3.47M

Current ratio

0.20▼

2023 · 0.66

Quick ratio

0.15▼

2023 · 0.54

ROA

-58.8%▼

2023 · -52.3%

Interest coverage

-5.51▲

2023 · -17.84

Debt ≤ 1 year

€7.76M▲

2023 · €3.38M

Debt > 1 year

€1.30M▼

2023 · €1.92M

Income taxes

€-43k▲

2023 · €-55k

Staff costs

€2.37M▼

2023 · €3.13M

A ratio outside any meaningful range has been withheld (balance sheet total €9.21M, equity €58k).

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 · 2024 against 2023 · 68 lines

Balance sheet Code20232024

Assets

Total assets20/58€11.16M€9.21M▼

Fixed assets21/28€8.94M€7.65M▼

Intangible fixed assets21€3.27M€3.10M▼

Tangible fixed assets22/27€5.54M€4.50M▼

Plant, machinery and equipment23€1.92M€1.55M▼

Furniture and vehicles24€2k€4k▲

Leasing and similar rights25€3.37M€2.75M▼

Other tangible fixed assets26€242k€196k▼

Assets under construction and advance payments27€3k€0▼

Financial fixed assets28€132k€43k▼

Current assets29/58€2.22M€1.56M▼

Amounts receivable after more than one year29€192k€199k▲

Other amounts receivable291€192k€199k▲

Stocks and contracts in progress3€396k€412k▲

Stocks30/36€254k€109k▼

Contracts in progress37€142k€303k▲

Amounts receivable within one year40/41€1.11M€643k▼

Trade receivables40€355k€305k▼

Other amounts receivable41€759k€338k▼

Cash at bank and in hand54/58€484k€264k▼

Deferred charges and accrued income490/1€30k€41k▲

Equity and liabilities

Total equity and liabilities10/49€11.16M€9.21M▼

Equity10/15€5.76M€58k▼

Contributions10/11€21.28M€21.28M=

Capital10€399k€399k=

Issued capital100€399k€399k=

Outside capital11€20.88M€20.88M=

Share premium1100/10€20.88M€20.88M=

Profit (loss) carried forward14€-16.72M€-22.13M▼

Investment grants15€1.20M€911k▼

Provisions and deferred taxes16€57k€94k▲

Provisions for liabilities and charges160/5€57k€94k▲

Other liabilities and charges164/5€57k€94k▲

Amounts payable17/49€5.34M€9.05M▲

Amounts payable after more than one year17€1.92M€1.30M▼

Financial debts170/4€1.92M€1.30M▼

Amounts payable within one year42/48€3.38M€7.76M▲

Current portion of amounts payable after more than one year42€749k€5.18M▲

Financial debts43€1.75M€1.77M▲

Credit institutions430/8€1.75M€1.77M▲

Trade debts44€490k€562k▲

Suppliers440/4€490k€562k▲

Advances received on contracts in progress46€0-

Taxes, remuneration and social security45€392k€249k▼

Taxes450/3€0-

Remuneration and social security454/9€392k€249k▼

Other amounts payable47/48€0-

Accrued charges and deferred income492/3€38k€0▼

Income statement Code20232024

Non-recurring operating income76A-€2k

Remuneration, social security and pensions62€3.13M€2.37M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.37M€2.58M▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€0▼

Provisions for liabilities and charges: additions (uses and reversals)635/8€57k€37k▼

Other operating charges640/8€77k€26k▼

Non-recurring operating charges66A€7k€0▼

Gross operating margin9900€-283k€-187k▲

Operating profit (loss)9901€-5.92M€-5.20M▲

Financial income75/76B€226k€224k▼

Recurring financial income75€226k€224k▼

Financial charges65/66B€199k€476k▲

Recurring financial charges65€199k€476k▲

Profit (loss) for the period before taxes9903€-5.89M€-5.45M▲

Income taxes67/77€-55k€-43k▲

Profit (loss) for the period9904€-5.84M€-5.41M▲

Profit (loss) for the period to be appropriated9905€-5.84M€-5.41M▲

Appropriation of the result

Profit (loss) to be appropriated9906€-16.72M€-22.13M▼

Profit (loss) brought forward from the previous period14P€-10.88M€-16.72M▼

Social balance

Average headcount (FTE)908740.232.0▼

The notes to these accounts (30 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Timeline · acts, filings and financial milestones

All 35Signals 1Financial 3Gazette 21Filings 10

2026

05-01

Bankruptcy Opening

Ondernemingsrechtbank Leuven · event 29-12-2025

2025

10-11

State Gazette act Capital & shares · Statutes amendment

Capital increase · Share issue · Bank account7 facts ▸

Board meeting, 30-10-2025
Capital increase, €674.990
Share issue, Preferente Aandelen, 67499
Bank account, Belfius Bank NV
Capital, €8.653.916,26
Statutes amendment
Power of attorney, [naam onleesbaar]

04-08

State Gazette act Resignation: INVEST FOR JOBS (director)

Permanent representatives: Nils NIJS, Ludwig GORIS and 3 others · Share finding · Share class creation21 facts ▸

General meeting, 18-07-2025
Share finding, bestaand inschrijvingsrechtenplan, 8
Share class creation, Gewone Aandelen
Capital increase, €350.815,07
Capital increase, €1.224.990
Share issue, Preferente Anti-Dilutie Inschrijvingsrechten, 25
Share issue, Tail Closing Inschrijvingsrechten, 67499
Share issue, ESOP Inschrijvingsrechten, 43942
Capital, €7.978.926,26
Statutes amendment
Director resignation, INVEST FOR JOBS (director)
Director discharge, INVEST FOR JOBS
+9 further facts in this act

24-07

State Gazette act Capital & shares · Statutes amendment

Capital increase · Capital · Share regrouping7 facts ▸

General meeting, 07-07-2025
Capital increase, €6.003.902,39
Capital, €6.403.121,19
Statutes amendment
Share regrouping, 2773, 2772500
Esop regrouping, 52, zowel toegekende als niet toegekende
Auditor report, inbreng in natura, artikelen 7:179, §1, tweede lid en 7:197, §1, tweede lid WVV

02-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

26-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

22-07

State Gazette act Capital & shares · Statutes amendment

Share issue · Capital · Share allocation8 facts ▸

General meeting, 11-07-2024
Share issue, cancellation, 5 soort B anti-dilutie, 5 soort B schadevergoedings, 15 soort C anti-dilutie, 15 soort C schadevergoedings, 10 soort E speciën anti-dilutie, 15 so…
Share issue, split, 4
Statutes amendment
Capital, €399.218,8
Share issue, remaining outstanding, 52.646 ESOP inschrijvingsrechten
Share allocation, 75000, 788708
Board composition, 7

58.2% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗

15-05

State Gazette act Reappointment: PKF Bofidi Audit (statutory auditor)

Capital increase · Share issue · Capital11 facts ▸

General meeting, 03-05-2024
Capital increase, €0,05
Share issue, F, 36570
Share issue, F, 28248
Share issue, F, 16949
Share issue, F, 25779
Share issue, F, 22813
Capital, €399.218,8
Statutes amendment
General meeting, 12-06-2023
Auditor reappointment, PKF Bofidi Audit

2023

14-09

State Gazette act Resignation: LK Investment BV (director)

Permanent representative: Luc Kindt3 facts ▸

Board meeting
Director resignation, LK Investment BV (director)
Permanent representative, Luc Kindt

28-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

31-05

State Gazette act Capital & shares · Statutes amendment · Resignations & appointments

Capital increase · Share issue · Capital12 facts ▸

General meeting, 17-05-2023
Capital increase, €75.987,25
Share issue, Soort F anti-dilutie inschrijvingsrechten, 25
Share issue, Soort F schadevergoedings inschrijvingsrechten, 25
Share issue, Soort F Waardering Aanpassingsinschrijvingsrechten, 5
Statutes amendment
Capital, €399.218,75
Shareholders agreement, 17-05-2023
Exit target date, 30-06-2025
Exit preference, 4x Soort F Aandeel Inschrijvingsprijs per Soort F Aandeel
Catch up, €10.935 per Soort A Aandeel (excluding Finindus)
Board composition, Investeerder Bestuurders: Capricorn Bestuurder, Finindus Bestuurder, IFJ Bestuurder, PMV Bestuurder; Onafhankelijke Bestuurder; Oprichter Bestuurder

43.8% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗

10-01

State Gazette act Resignation: MG Callens (chief executive officer / gedelegeerd bestuurder)

Permanent representatives: Michaël Callens and Johan Miermans · Appointment: YeYe (chief executive officer / persoon belast met het dagelijks bestuur) · Power of attorney7 facts ▸

Board meeting, 06-12-2022
Director resignation, MG Callens (chief executive officer (ceo) / gedelegeerd bestuurder)
Permanent representative, Michaël Callens
Director appointment, YeYe (chief executive officer (ceo) / persoon belast met het dagelijks bestuur)
Permanent representative, Johan Miermans
Power of attorney, Olivier Van Raemdonck
Power of attorney, Emma De Brabandere

Show earlier events

2022

31-12

Financial Weakest financial yearnet €-7.28M

Net result drops to €-7.28M, the lowest in the series.

02-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

14-04

State Gazette act Appointments: INVEST FOR JOBS (director) and PARTICIPATIEMAATSCHAPPIJ VLAANDEREN (director)

Permanent representatives: Nils NIJS and Lieven DE JONGE · Capital increase · Share issue14 facts ▸

General meeting, 08-04-2022
Capital increase, €79.778,5
Share issue, preferente, Soort E
Share issue, inschrijvingsrechten, Soort E1 anti-dilutie
Share issue, inschrijvingsrechten, Soort E1 schadevergoedings
Director appointment, INVEST FOR JOBS (director)
Permanent representative, Nils NIJS
Director appointment, PARTICIPATIEMAATSCHAPPIJ VLAANDEREN (director)
Permanent representative, Lieven DE JONGE
Mandate compensation, INVEST FOR JOBS
Mandate compensation, PARTICIPATIEMAATSCHAPPIJ VLAANDEREN
Statutes amendment
+2 further facts in this act

47.9% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗

13-01

State Gazette act Capital & shares · Statutes amendment

Capital increase · Share issue · Share cancellation10 facts ▸

General meeting, 24-12-2021
Capital increase, €79.778
Share issue, Soort E, 319112
Share issue, Soort E1 anti-dilutie inschrijvingsrechten, 30
Share issue, Soort E1 Schadevergoedings inschrijvingsrechten, 30
Share cancellation, ESOP inschrijvingsrechten, 22477
Share cancellation, Soort A oprichter inschrijvingsrechten, 6
Statutes amendment
Capital, €243.453
Power of attorney, Charlotte De Cock

43.4% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗

2021

31-12

Financial Liquidity times 15current ratio 1.91

Current ratio from 0.12 to 1.91; short-term debt falls from €5.24M to €3.67M.

31-12

Financial Equity above €5MEq €8.41M

Equity rises from €-1.26M to €8.41M.

04-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 4 days late

14-04

State Gazette act Capital & shares · Statutes amendment · Resignations & appointments · Miscellaneous

Share class creation · Capital increase · Capital decrease12 facts ▸

General meeting, 01-04-2021
Share class creation, Soort E, nieuwe statuten
Capital increase, €37.230
Capital increase, €35.469,5
Capital increase, €4.138.031,99
Capital decrease, €4.138.031,99
Share issue, Soort E Speciën Anti-dilutie Inschrijvingsrechten, 10
Share issue, Soort E Natura Anti-dilutie Inschrijvingsrechten, 15
Share issue, Soort E Schadevergoedings Inschrijvingsrechten, 25
Share issue, ESOP Inschrijvingsrechten, 32311
Statutes amendment
Power of attorney

36.5% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗

2020

23-12

State Gazette act Capital & shares · Statutes amendment

Share cancellation · Share issue · Capital12 facts ▸

General meeting, 14/12/2020
Share cancellation, ESOP inschrijvingsrechten (warrants), 64217
Share issue, ESOP Inschrijvingsrechten, 42812
Capital, €90.975,5
Statutes amendment
Power of attorney, Bestuurders (onbenoemd)
Power of attorney, Twee bestuurders (onbenoemd)
Share class breakdown, 150000, 5357
Capital increase, €42.812
Board composition, Raad van Bestuur: max 7 leden, max 6-jarig mandaat. Soort A aandeelhouders (≥30% kapitaal) dragen 3 bestuurders voor (2 bij 20%, 1 bij 10%, 0 daaronder); elke S…
Ceo daily management, CEO dagelijks bestuur: contracten max EUR 30.000; investeringen max 10% boven goedgekeurd budget; verkoop activa max EUR 20.000; betaling schulden max EUR 25.00…
Representation, Vertegenwoordiging door 2 gezamenlijk optredende Bestuurders (minstens 1 Soort C Bestuurder) en door de CEO binnen de perken van het dagelijks bestuur, vastgest…

06-11

State Gazette act Appointment: BB3 audit BV (statutory auditor)

Mandate compensation3 facts ▸

General meeting, 04-05-2020
Auditor appointment, BB3 audit BV (statutory auditor)
Mandate compensation, BB3 audit BV

03-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 3 days late

2019

04-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

28-02

State Gazette act Registered office

Registered-office move2 facts ▸

Board meeting, 17-12-2018
Registered-office move, Diependaalweg 4A, 3020 Winksele

2018

22-10

State Gazette act Capital & shares · Statutes amendment

Capital increase · Capital · Power of attorney5 facts ▸

General meeting, 15-10-2018
Capital increase, €25.829,25
Capital, €90.975,5
Power of attorney, REIN4CED
Power of attorney, CRESCO ADVOCATEN CVBA

20-08

State Gazette act Resignation: TKMC BVBA (director)

Appointment: DDB Management Services BVBA (director) · Permanent representative: Dirk de Boever5 facts ▸

Board meeting, 26-06-2018
Director resignation, TKMC BVBA (director)
Director appointment, DDB Management Services BVBA (director)
Permanent representative, Dirk de Boever
Permanent representative, Dirk de Boever

07-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 7 days late

01-02

State Gazette act Appointment: MG Callens BVBA (chief executive officer / gedelegeerd bestuurder)

Permanent representative: Michaël Callens4 facts ▸

Board meeting, 21-12-2017
Director appointment, MG Callens BVBA (chief executive officer / gedelegeerd bestuurder)
Permanent representative, Michaël Callens
Director appointment, MG Callens BVBA (day-to-day manager)

09-01

State Gazette act Resignations: Michaël CALLENS, Niels DE GREEF and Dave LUYCKX

Appointments: MG Callens BVBA, De Greef M&C BVBA and 5 others · Permanent representatives: Michaël CALLENS, Niels DE GREEF and 3 others · Net-asset statement38 facts ▸

General meeting, 15-12-2017
Net-asset statement, 30-09-2017
Capital increase, €23.233,5
Capital increase, €3.073,5
Capital increase, €1.339,25
Legal-form conversion, NV
Capital, €65.146,25
Director resignation, Michaël CALLENS (manager)
Director resignation, Niels DE GREEF (manager)
Director resignation, Dave LUYCKX (manager)
Director discharge, Michaël CALLENS
Director discharge, Niels DE GREEF
+26 further facts in this act

2017

31-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

03-02

State Gazette act Appointment: Dave LUYCKX (manager)

Capital increase · Capital · Power of attorney5 facts ▸

General meeting, 18-01-2017
Capital increase, €12.500
Capital, €37.500
Director appointment, Dave LUYCKX (manager)
Power of attorney, REIN4CED

2016

27-09

State Gazette act Resignation: Meerten Yannick (manager)

4 facts ▸

General meeting, 19-08-2016
Director resignation, Meerten Yannick (manager)
Board composition, Callens Michael (manager)
Board composition, De Greef Niels (manager)

25-05

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

2015

18-02

State Gazette act Incorporation

Appointments: CALLENS Michaël Guy Annie Emmanuël Martine, DE GREEF Niels and MEERTEN Yannick · Founding capital · Mandate compensation12 facts ▸

Incorporation, 28-01-2015
Founding capital, €25.000
Director appointment, CALLENS Michaël Guy Annie Emmanuël Martine (manager)
Director appointment, DE GREEF Niels (manager)
Director appointment, MEERTEN Yannick (manager)
Mandate compensation, CALLENS Michaël Guy Annie Emmanuël Martine
Mandate compensation, DE GREEF Niels
Mandate compensation, MEERTEN Yannick
Power of attorney, ROMBOUTS
Founder, CALLENS Michaël Guy Annie Emmanuël Martine
Founder, DE GREEF Niels
Founder, MEERTEN Yannick

SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

21 of 21 acts read

Directors · office · real estate

Directors

9 directors, last change in 2025

YeYe

Chief executive officer (ceo) / persoon belast met het dagelijks bestuur · since 26-09-2022 · Private limited company · perm. rep.: Johan Miermans

Current

Participatiemaatschappij Vlaanderen

Director · since 08-04-2022 · Public limited company · perm. rep.: Lieven DE JONGE

Current

DDBCO

Director · since 26-06-2018 · Private limited company · perm. rep.: Dirk de Boever

Not recently confirmed

Alexis PONNOURADJOU

Director · since 15-12-2017

Not recently confirmed

De Greef M&C

Director · since 15-12-2017 · Private limited company · perm. rep.: Niels DE GREEF

Not recently confirmed

LK INVESTMENT

Director · since 15-12-2017 · Private limited company · perm. rep.: Luc KINDT

Not recently confirmed

3 other directors

MAKE CARBON WORK

Director · since 15-12-2017 · Private limited company · perm. rep.: Dave LUYCKX

Not recently confirmed

William François Maria FYEN

Director · since 15-12-2017

Not recently confirmed

CALLENS Michaël Guy Annie Emmanuël Martine

Manager · since 28-01-2015

Not recently confirmed

18-07-2025 INVEST FOR JOBS: Resigned as Director

31-05-2023 LK INVESTMENT BV: Resigned as Director

26-09-2022 YeYe: Appointed as Chief executive officer (ceo) / persoon belast met het dagelijks bestuur

26-09-2022 MG Callens: Resigned as Chief executive officer (ceo) / gedelegeerd bestuurder

08-04-2022 Participatiemaatschappij Vlaanderen: Appointed as Director

Full history in the Timeline (24 changes) →

Not every act has been read: a resignation may be missing here

5 acts were read only in part. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Herent · 1 establishment unit since 2015

seat establishment The establishment unit on the map

Ground area

5,521 m²

Building footprint

1,882 m²

Volume, LiDAR

14,027 m³

Parcel 24127E0020/00L000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

REIN4CED

Diependaalweg 4A, 3020 HerentManufacture of rubber and plastic products

since 20152.240.509.463

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24127E0020/00L000	Flanders	5,521 m²	1 · 1,882 m²	10.3 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.

Statutory auditor

1 auditor

PKF Bofidi AuditCurrent

Auditor · represented by Jeroen Rans

04-05-2020 → present

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	ILSE VAN DE MIEROP WOLSTRAAT 70, 1000 BRUSSEL 1-	29-12-2025 → present

Articles of association

Duration

Unlimited

according to the deed of 18-02-2015

Purpose

Consultancy m.b.t. composieten en andere materialen; haalbaarheidsonderzoek voor de overstap naar composieten; ontwikkeling van productietechnologieën voor composieten; ontwerp en…

Full purpose

Consultancy m.b.t. composieten en andere materialen; haalbaarheidsonderzoek voor de overstap naar composieten; ontwikkeling van productietechnologieën voor composieten; ontwerp en FE-analyses; advisering en begeleiding van allerhande projecten; organisatie van opleidingen en seminaries; prototyping van producten en onderdelen in composieten en andere materialen; productie van producten en onderdelen in composieten en andere materialen; handel en verkoop van producten en onderdelen in composieten en andere materialen

according to the deed of 04-08-2025

Structure & network

Connections & network

47 connected companies

Shared directorsBundled connections

Linked via shared directors

De Greef M&C

Shared director

→

MAKE CARBON WORK

Shared director

→

Aelin Therapeutics

Shared corporate director

→

Aphea.Bio

Shared corporate director

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Show 43 more companies with a shared director

Banqup Group

Shared corporate director

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Belgian Offshore Platform

Shared corporate director

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BELWIND

Shared corporate director

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BLUE GATE ANTWERP PUBLIC HOLDING

Shared corporate director

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CALYOS

Shared corporate director

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CITYMESH INTEGRATOR

Shared corporate director

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Confo Therapeutics

Shared corporate director

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Cyient Semiconductors

Shared corporate director

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DBFM Scholen van Morgen

Shared corporate director

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De Werkvennootschap

Shared corporate director

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DEME BLUE ENERGY

Shared corporate director

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FEops

Shared corporate director

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GALLER BOUTIQUES

Shared corporate director

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GALLER HOLDING

Shared corporate director

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GIGARANT

Shared corporate director

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HERSELF

Shared corporate director

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Hubspot Belgium

Shared corporate director

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iFLUX

Shared corporate director

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Indigo Diabetes

Shared corporate director

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INNOVATION FUND

Shared corporate director

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InOpSys

Shared corporate director

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InvestSuite

Shared corporate director

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LA CHOCOLATERIE GALLER

Shared corporate director

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Magics Technologies

Shared corporate director

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MyCartis

Shared corporate director

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NOMICS

Shared corporate director

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PARKWIND

Shared corporate director

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Plopsa Station Antwerp

Shared corporate director

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PMV - Standaardleningen

Shared corporate director

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PROMAN Agilitas

Shared corporate director

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RENEWABLE ENERGY BASE OSTEND

Shared corporate director

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ReWind Therapeutics

Shared corporate director

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RheaVita

Shared corporate director

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SENIOR ASSIST

Shared corporate director

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ST Engineering iDirect (Europe) CY

Shared corporate director

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Stedelijk Leven Innovatief Maken Turnhout

Shared corporate director

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STORM HOLDING 2

Shared corporate director

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SupplyStack

Shared corporate director

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THE BELGIAN CHOCOLATE EXPERIENCE

Shared corporate director

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TRENDMINER

Shared corporate director

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Vlaams Energiebedrijf

Shared corporate director

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WANDELAAR INVEST

Shared corporate director

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WIDETECH

Shared corporate director

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Capital and shareholders

Shareholders according to the acts

After 2 capital increases act of 04-08-2025 ↗

FININDUS NV 26,321 shares
Capricorn SCF NV 16,437 shares
QUEST FOR GROWTH NV 9,862 shares

After the capital increase act of 24-07-2025 ↗

FININDUS NV 54,808 shares
Capricorn SCF NV 42,350 shares
QUEST FOR GROWTH NV 25,410 shares
Participatiemaatschappij Vlaanderen NV 9,860 shares
INVEST FOR JOBS NV 17,667 shares

After the capital increase act of 31-05-2023 ↗

FININDUS (BE 0404.535.926) 85,269 shares
CAPRICORN SUSTAINABLE CHEMISTRY FUND (BE 0668.545.378) 65,864 shares
QUEST FOR GROWTH (BE 0463.541.422) 39,518 shares
PARTICIPATIEMAATSCHAPPIJ VLAANDEREN (BE 0455.777.660) 60,107 shares
INVEST FOR JOBS (BE 0644.590.437) 53,191 shares

After the capital increase act of 14-04-2022 ↗

PARTICIPATIEMAATSCHAPPIJ VLAANDEREN (BE 0455.777.660) 159,557 shares · 39,889.25 EUR
INVEST FOR JOBS (BE 0644.590.437) 159,557 shares · 39,889.25 EUR

After 3 capital increases act of 14-04-2021 ↗

CAPRICORN SUSTAINABLE CHEMISTRY FUND (BE 0668.545.378) 93,075 shares · 23,268.75 EUR
QUEST FOR GROWTH (BE 0463.541.422) 55,845 shares · 13,961.25 EUR
GEMMA FRISIUS – FOND K.U.LEUVEN (BE 0477.960.372) 39,912 shares · 857,629.06 EUR
FININDUS (BE 0404.535.926) 50,983 shares · 1,095,522.70 EUR
INNOVATION FUND (BE 0598.764.469) 50,983 shares · 1,095,522.70 EUR

At incorporation act of 18-02-2015 ↗

CALLENS Michaël Guy Annie Emmanuël Martine founder
DE GREEF Niels founder
MEERTEN Yannick founder

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years

10-11-2025 Capital increase of 674,990 EUR · to 8,653,916.26 EUR · 67,499 new shares
04-08-2025 Capital increase of 350,815.07 EUR · to 6,753,936.26 EUR · 52,620 new shares
04-08-2025 Capital increase of 1,224,990 EUR · to 7,978,926.26 EUR · 122,499 new shares
24-07-2025 Capital increase of 6,003,902.39 EUR · to 6,403,121.19 EUR · 150,095 new shares
22-07-2024 Capital stated in the act · 399,218.80 EUR · 2,772,500 shares
15-05-2024 Capital increase of 0.05 EUR · to 399,218.80 EUR · 130,359 new shares
31-05-2023 Capital increase of 75,987.25 EUR · to 399,218.75 EUR · 303,949 new shares
14-04-2022 Capital increase of 79,778.50 EUR · to 323,231.50 EUR · 319,114 new shares

Show 12 older capital entries

13-01-2022 Capital increase of 79,778 EUR · to 243,453 EUR · 319,112 new shares
14-04-2021 Capital increase of 37,230 EUR · to 128,205.50 EUR · 148,920 new shares
14-04-2021 Capital increase of 35,469.50 EUR · to 163,675 EUR · 141,878 new shares
14-04-2021 Capital increase of 4,138,031.99 EUR · to 4,301,706.99 EUR · from reserves
14-04-2021 Capital reduction of 4,138,031.99 EUR · to 163,675 EUR · “aanzuivering van geleden verliezen”
23-12-2020 Capital increase of 42,812 EUR
22-10-2018 Capital increase of 25,829.25 EUR · to 90,975.50 EUR · 103,317 new shares
09-01-2018 Capital increase of 23,233.50 EUR · to 60,733.50 EUR · 92,934 new shares · in cash
09-01-2018 Capital increase of 3,073.50 EUR · to 63,807 EUR · 12,294 new shares · in kind
09-01-2018 Capital increase of 1,339.25 EUR · to 65,146.25 EUR · 5,357 new shares · in kind
03-02-2017 Capital increase of 12,500 EUR · to 37,500 EUR · 50 new shares
18-02-2015 Incorporation · 25,000 EUR · 100 shares

Public money · subsidies and aid

Flemish government

2022 to 2025 · 10 entries · 678,382 EUR awarded · 553,621 EUR paid

Year	Entries	awarded	paid
2025	4	3,041 EUR	86,495 EUR
2024	2	986 EUR	166,973 EUR
2023	2	623,673 EUR	274,471 EUR
2022	2	50,682 EUR	25,682 EUR

Schemes

Ontwikkelingsproject

4 entries · 623,673 EUR · 498,942 EUR paid · Fonds voor Innoveren en Ondernemen

O&O-haalbaarheidsstudie

2 entries · 50,000 EUR · 50,000 EUR paid · Fonds voor Innoveren en Ondernemen

Subsidies voor internationaal ondernemen

1 entry · 2,841 EUR · 2,841 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

3 entries · 1,868 EUR · 1,838 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Bel Albatros

BE 0685.821.573

Sint-Gillis (bij-Brussel) · Eq €58k

Of 602 companies in sector 22260 we hold annual accounts for 282. 111 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 formPublic limited company

Founded06-02-2015

Fiscal year end31-12

Activities, NACEBEL 2025

22260Manufacture of rubber and plastic products

Sources

Crossroads Bank for EnterprisesBelgian Official Gazette · 21 actsNational Bank · 10 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

E-mail:niels.degreef@rein4ced.com

Establishment Herent 2.240.509.463

Phone:0486736629

Establishment Herent 2.240.509.463