REUL FRERES
The computed 12-month bankruptcy probability of REUL FRERES is 0.8% (low). The 2024 annual accounts show equity of €1.93M and a net result of €239k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 53% of 499 sector peers (fiscal year 2024). The company has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €1.93M |
| Net result | €239k |
| Staff (FTE) | 21.4 |
| Better than sector | 53% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 38.6% | 36.6% | |
| Net result | €239k | €19k | |
| Equity | €1.93M | €90k | |
| Gross operating margin | €1.74M | €111k | |
| Staff costs | €1.06M | €150k |
Show 12 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €665k |
| Net profit | €239k |
| Cash flow | €534k |
| Staff costs | €1.06M |
| Income taxes | €85k |
| Dividends | €2k |
| Total assets | €5.00M |
| Equity | €1.93M |
| Debt | €3.07M |
| of which ≤ 1y | €722k |
| of which > 1y | €2.34M |
| Working capital | €418k |
| Employees (FTE) | 21.4 |
| 2024 | |
|---|---|
| Current ratio | 1.58 |
| Quick ratio | 1.08 |
| Working capital ratio | 8.4% |
| Solvency | 38.6% |
| Debt / equity | 1.59 |
| Long-term debt ratio | 1.21 |
| Interest coverage | 8.03 |
| Gross margin | - |
| Net margin | - |
| ROA | 4.8% |
| ROE | 12.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (26 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €5.00M |
| Fixed assets | 21/28 | €3.86M |
| Intangible fixed assets | 21 | €58k |
| Tangible fixed assets | 22/27 | €3.77M |
| Financial fixed assets | 28 | €25k |
| Current assets | 29/58 | €1.14M |
| Stocks & contracts in progress | 3 | €358k |
| Amounts receivable within one year | 40/41 | €675k |
| Cash & bank | 54/58 | €83k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €5.00M |
| Equity | 10/15 | €1.93M |
| Contributions / capital | 10/11 | €489k |
| Reserves | 13 | €49k |
| Accumulated profits (losses) | 14 | €1.13M |
| Amounts payable | 17/49 | €3.07M |
| Amounts payable after one year | 17 | €2.34M |
| Amounts payable within one year | 42/48 | €722k |
| Trade debts payable within one year | 44 | €136k |
| Income statement | ||
| Gross operating margin | 9900 | €1.74M |
| Operating result | 9901 | €371k |
| Financial income | 75 | €36k |
| Financial charges | 65 | €83k |
| Result before taxes | 9903 | €324k |
| Income taxes | 67/77 | €85k |
| Net result for the period | 9904 | €239k |
| Result to be appropriated | 9905 | €239k |
| NACE primary | Schrijnwerk(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 27-03-1985 |
| Status | Active |
| Postal code | 4837 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63004A0809/00A000 | Wallonia | 1.5 ha | 1 · 4,527 m² | - |
| 63004C0706/00B000 | Wallonia | 2,087 m² | 1 · 176 m² | 7.8 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
13-08-2026 Act object · General meeting · Mandate compensation · Filing representative
- Act object: DIVERS · REUL FRERES
- Publication: 13/08/2026 · REUL FRERES
- Filing: 11-08-2026 · REUL FRERES
- General meeting: 05/08/2026 · REUL FRERES
- Mandate compensation: gratuit · Eric Reul
- Filing representative: tous pouvoirs ... en qualité de mandataire aux fins d’exécuter les résolutions qui précèdent, et notamment procéder aux publications aux Annexes du Moniteur belge et effectuer toute modification des données de la Société auprès de la Banque Carrefour des Entreprises et des guichets d’entreprises · Brice Reul
- Filing representative: mandataire · Brice Reul
Technical details
{
"facts": [
{
"type": "act_object",
"quote": "Objet de l\u0027acte : DIVERS",
"value": "DIVERS",
"object": null,
"subject": "e1"
},
{
"date": "2026-08-13",
"type": "publication",
"quote": "Bijlagen bij het Belgisch Staatsblad - 13/08/2026 - Annexes du Moniteur belge",
"value": "13/08/2026",
"object": null,
"subject": "e1"
},
{
"date": "2026-08-11",
"type": "filing",
"quote": "D\u00E9pos\u00E9 11-08-2026",
"value": "11-08-2026",
"object": null,
"subject": "e1"
},
{
"date": "2026-08-05",
"type": "general_meeting",
"quote": "Assembl\u00E9e g\u00E9n\u00E9rale extraordinaire du 5 ao\u00FBt 2026",
"value": "05/08/2026",
"object": null,
"subject": "e1"
},
{
"type": "mandate_compensation",
"quote": "\u00C0 compter du 1er juillet 2026, le mandat d\u2019administrateur de Monsieur Eric Reul sera exerc\u00E9 \u00E0 titre gratuit.",
"value": "gratuit",
"object": "e1",
"subject": "e2"
},
{
"type": "filing_representative",
"quote": "A l\u0027unanimit\u00E9, l\u0027assembl\u00E9e g\u00E9n\u00E9rale conf\u00E8re tous pouvoirs \u00E0 chacun des administrateurs et \u00E0 Monsieur Brice Reul ... chacun agissant seul avec facult\u00E9 de substitution, en qualit\u00E9 de mandataire aux fins d\u2019ex\u00E9cuter les r\u00E9solutions qui pr\u00E9c\u00E8dent, et notamment proc\u00E9der aux publications aux Annexes du Moniteur belge et effectuer toute modification des donn\u00E9es de la Soci\u00E9t\u00E9 aupr\u00E8s de la Banque Carrefour des Entreprises et des guichets d\u2019entreprises.",
"value": "tous pouvoirs ... en qualit\u00E9 de mandataire aux fins d\u2019ex\u00E9cuter les r\u00E9solutions qui pr\u00E9c\u00E8dent, et notamment proc\u00E9der aux publications aux Annexes du Moniteur belge et effectuer toute modification des donn\u00E9es de la Soci\u00E9t\u00E9 aupr\u00E8s de la Banque Carrefour des Entreprises et des guichets d\u2019entreprises",
"object": "e1",
"subject": "e3"
},
{
"type": "filing_representative",
"quote": "D\u00E9pos\u00E9 par Reul Brice, mandataire.",
"value": "mandataire",
"object": "e1",
"subject": "e3"
}
],
"act_meta": {
"outcome": "corrected",
"model_id": 50,
"verified": true,
"extractor": "verified-v1",
"ocr_chars": 1817,
"truncated": false
},
"entities": [
{
"id": "e1",
"kbo": "0427.155.237",
"kind": "company",
"name": "REUL FRERES",
"attrs": {
"seat": "Rue des Bas-Fourneaux5, 4837 Baelen, Belgique",
"legal_form": "Soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e"
}
},
{
"id": "e2",
"kbo": null,
"kind": "person",
"name": "Eric Reul",
"attrs": {}
},
{
"id": "e3",
"kbo": null,
"kind": "person",
"name": "Brice Reul",
"attrs": {}
},
{
"id": "e4",
"kbo": null,
"kind": "company",
"name": "Blue Rice",
"attrs": {
"legal_form": "SRL"
}
},
{
"id": "e5",
"kbo": null,
"kind": "company",
"name": "Klever",
"attrs": {
"legal_form": "SRL"
}
}
]
}| Legal nameFR | REUL FRERES |