Reygel
ActiveReygel has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €-79k. Equity is shrinking by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 10% of 27407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
2
/ 100
Critical▼ -49 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-96
Solvency1▼-19
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 0.88 in 2024), and 99.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
0.9%
Return on assets
-20.3%
Age of the figures
11 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27407 sector peers (2025).
NBB · sector comparisonPosition among 27407 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
27 d early
2023
on the day
2022
30 d early
2021
on the day
2020
2 d early
2019
34 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k▼ 95.8%
2024 · €83k
2018: €115k
2019: €92k
2020: €97k
2021: €12k
2022: €65k
2023: €67k
2024: €83k
2018 → 2025
Total assets
€390k▼ 18.7%
2024 · €480k
2018: €599k
2019: €539k
2020: €495k
2021: €442k
2022: €416k
2023: €428k
2024: €480k
2018 → 2025
Net result
€-79k
2024 · €16k
2018: €-12k
2019: €-23k
2020: €5k
2021: €-85k
2022: €52k
2023: €2k
2024: €16k
2018 → 2025
Working capital
€-119k▼ 392%
2024 · €-24k
2018: €121k
2019: €83k
2020: €47k
2021: €-34k
2022: €-4k
2023: €-14k
2024: €-24k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€65k▲ 429%€67k▲ 3.3%€83k▲ 23.9%€3k▼ 95.8%
Operating result€-10k-€59k€61k▲ 2.7%€59k▼ 3.2%€-18k
Net result€-85k-€52k€2k▼ 96.0%€16k▲ 651%€-79k
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 turns negative in 2025: a loss of €18k after €59k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €390k
Fixed assets
€265k▼ 11.0%
Current assets
€125k▼ 31.4%
Equity and liabilities €390k
Equity
€3k▼ 95.8%
Provisions
€3k=
Debt
€384k▼ 2.7%
The debt ratio rises from 82.2% to 98.5%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€28k▼
2024 · €96k
Cash flow
€-34k▼
2024 · €53k
Solvency
0.9%▼
2024 · 17.2%
Current ratio
0.51▼
2024 · 0.88
Quick ratio
0.45▼
2024 · 0.79
ROA
-20.3%▼
2024 · 3.3%
Interest coverage
0.44▼
2024 · 2.09
Debt
€384k▼
2024 · €394k
Debt ≤ 1 year
€244k▲
2024 · €206k
Debt > 1 year
€133k▼
2024 · €184k
Income taxes
€921▲
2024 · €518
A ratio outside any meaningful range has been withheld (balance sheet total €390k, equity €3k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€480k€390k▼
Fixed assets21/28€298k€265k▼
Tangible fixed assets22/27€298k€265k▼
Land and buildings22€213k€197k▼
Plant, machinery and equipment23€15k€11k▼
Furniture and vehicles24€67k€56k▼
Other tangible fixed assets26€2k€903▼
Current assets29/58€182k€125k▼
Stocks and contracts in progress3€20k€15k▼
Stocks30/36€20k€15k▼
Amounts receivable within one year40/41€144k€69k▼
Trade receivables40€56k€65k▲
Other amounts receivable41€87k€4k▼
Cash at bank and in hand54/58€11k€4k▼
Deferred charges and accrued income490/1€7k€37k▲
Equity and liabilities
Total equity and liabilities10/49€480k€390k▼
Equity10/15€83k€3k▼
Contributions10/11€19k€19k=
Reserves13€64k€5k▼
Tax-exempt reserves132€5k€5k=
Distributable reserves133€59k-
Profit (loss) carried forward14-€-20k
Provisions and deferred taxes16€3k€3k=
Provisions for liabilities and charges160/5€3k€3k=
Environmental obligations163€3k€3k=
Amounts payable17/49€394k€384k▼
Amounts payable after more than one year17€184k€133k▼
Financial debts170/4€184k€133k▼
Amounts payable within one year42/48€206k€244k▲
Current portion of amounts payable after more than one year42€52k€51k▼
Financial debts43€19k€43k▲
Credit institutions430/8€19k€43k▲
Trade debts44€39k€40k▲
Suppliers440/4€39k€40k▲
Taxes, remuneration and social security45€11k€12k▲
Taxes450/3€11k€12k▲
Other amounts payable47/48€85k€98k▲
Accrued charges and deferred income492/3€4k€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€45k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€9k
Other operating charges640/8€6k€87k▲
Gross operating margin9900€101k€124k▲
Operating profit (loss)9901€59k€-18k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€46k€63k▲
Recurring financial charges65€46k€63k▲
Profit (loss) for the period before taxes9903€16k€-78k▼
Income taxes67/77€518€921▲
Profit (loss) for the period9904€16k€-79k▼
Profit (loss) for the period to be appropriated9905€16k€-79k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€-79k▼
Transfer from equity791/2-€59k
Transfer to equity691/2€16k-
To other reserves6921€16k-
The notes to these accounts (7 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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €52k
Net result €52k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-85k ▼1700%
Net result drops to €-85k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Hasselt · 1 establishment unit since 2006
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.
Ekkelgaarden 6Q3500 HasseltGround area
9,713 m²
Building footprint
3,499 m²
Volume, LiDAR
23,761 m³
Parcel 71324E0542/00V000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Canvise
since 20062.151.583.922
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0542/00V000 | Flanders | 9,713 m² | 1 · 3,499 m² | 8.3 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 408 EUR awarded · 408 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 192 EUR | 192 EUR |
| 2024 | 1 | 216 EUR | 216 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
254900676IWDKJS5QF83
Similar companies · same sector, comparable size
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BOGARDO SYSTEMS
BE 0768.609.588
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BE 0790.472.695
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Of 9,475 companies in sector 43222 we hold annual accounts for 5,625. 1,145 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2005
Fiscal year end30-09
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.