Reygel
ActiveThe annual accounts of Reygel for fiscal year 2025 show a net loss of 96% of the equity at the start of that year. 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 27451 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-36
Solvency26▼-16
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.51 against 0.88 in 2024; short-term debt: 62.7% and cash: 1.1% of total assets), 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
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27451 sector peers (2025).
NBB · sector comparisonPosition among 27451 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
17-09-2026 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 result in the available series.
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 and debt are lower.
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
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Of 9,524 companies in sector 43222 we hold annual accounts for 5,657. 1,161 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 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.