Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Rdeco from Waregem, company number BE0405436541, closed financial year 2025 with a result of € -97,493 after tax. For that financial year Rdeco recorded a gross margin of € 72,258 and equity of € 2.9 million. Compared with financial year 2024, the result moved from € -362,171 to € -97,493. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 2.9 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -97,493
▲ 73 % less loss than in 2024
Profit after tax over the fiscal year.
€ 107,945
▲ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.9 million.
Debts at end 2025
€ 2.5 million
▲ 67% vs 2024
Loans from banks and other lenders, long and short.
€ 7,132
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,883
▼ 37% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -35,344 | € -38,895 | € -151,707 | € 72,258 | ▲ € 223,965 |
| Profit after taxes | € -270,448 | € -299,849 | € -362,171 | € -97,493 | ▲ € 264,677 |
| Equity | € 3,679,800 | € 3,379,951 | € 3,017,780 | € 2,920,287 | ▼ 3% |
| Total debts | € 246,265 | € 1,053,968 | € 2,610,419 | € 3,902,821 | ▲ 50% |
| Cash | € 316,864 | € 109,412 | € 59,305 | € 107,945 | ▲ 82% |
| Land & buildings | € 3,666,495 | € 3,560,609 | € 3,881,871 | € 4,452,805 | ▲ 15% |
| Retained profit | € 3,617,800 | € 3,317,951 | € 2,955,780 | € 2,858,287 | ▼ 3% |
| Bank debt | € 0 | € 1,000,000 | € 1,500,000 | € 2,500,000 | ▲ 67% |
| Balance sheet total | € 4,565,749 | € 5,029,859 | € 6,180,394 | € 7,331,559 | ▲ 19% |
Key figures of Rdeco, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 June 2027.
What happened to Rdeco?
What happened at Rdeco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Herman Verhelst stepped down as director. NBB
- Annemie Verhelst stepped down as director. NBB
- BOUVELO stepped down as director. NBB
- Jean-Marie Ragolle stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 97,493. filed late Source: NBB ↗
- Herman Verhelst became a director. NBB
- Annemie Verhelst became a director. NBB
- BOUVELO became a director. NBB
In short
From € 270,448 loss in 2022 to € 97,493 loss in 2025.
Paid € 16,409 in corporate taxes since 2022.
Management
The shares are held by BOUVELO (100%).
Directors
According to the 2025 annual accounts
since 2025 · until 2031
since 2025 · until 2031
since 2024 · until 2029
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Groenbek 28
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.436.541
- VAT number
- BE 0405.436.541
- Registered office
- Groenbek 28, 8790 Waregem
- Names & denominations
- Rdeco
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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