Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
REAL CORPORATION from Sint-Gillis-Waas, company number BE0413888211, closed financial year 2025 with a result of € -98,052 after tax. For that financial year REAL CORPORATION recorded revenue of € 9.9 million and equity of € 2.7 million. Compared with financial year 2024, the result moved from € -254,945 to € -98,052. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 4, 2026.
€ 2.7 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -98,052
▲ 62 % less loss than in 2024
Profit after tax over the fiscal year.
€ 200,850
▼ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 764.
People and assets in 2025
24.1
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▼ 5% vs 2024
€ 77,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 26,871
▼ 62% vs 2024
Of which on lease € 8,609.
Debts at end 2025
€ 3.6 million
▼ 9% vs 2024
€ 340,370 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 2.2 million
▲ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 81 days on average.
€ 195,619
▼ 10% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,525,219 | € 13,852,429 | € 10,219,498 | € 9,859,320 | ▼ 4% |
| Profit after taxes | € -45,548 | € 302,943 | € -254,945 | € -98,052 | ▲ € 156,894 |
| Equity | € 2,924,319 | € 3,077,261 | € 2,822,316 | € 2,724,264 | ▼ 3% |
| Total debts | € 9,040,115 | € 12,036,415 | € 8,692,495 | € 10,673,939 | ▲ 23% |
| Cash | € 337,416 | € 1,508,474 | € 279,830 | € 200,850 | ▼ 28% |
| Retained profit | € 200,819 | € 353,761 | € 98,816 | € 764 | ▼ 99% |
| Dividend | € 0 | € 150,000 | € 0 | € 0 | |
| Bank debt | € 4,678,883 | € 4,318,276 | € 3,957,339 | € 3,596,070 | ▼ 9% |
| Balance sheet total | € 12,000,380 | € 15,149,624 | € 11,550,758 | € 13,434,150 | ▲ 16% |
| Employees (FTE) | 20.6 | 22.8 | 25.7 | 24.1 | ▼ 1.6 |
Key figures of REAL CORPORATION, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to REAL CORPORATION?
What happened at REAL CORPORATION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 98,052. Source: NBB ↗
- New establishment in Sint-Gillis-Waas. KBO
- Start of the company according to the CBE. KBO
In short
From € 45,548 loss in 2022 to € 98,052 loss in 2025.
Paid € 67,299 in corporate taxes since 2022.
Best year ever: 2023, with € 302,943 profit.
Paid out € 150,000 in dividends to the owners in total.
Management
The stake of Moortgat Mometal comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
REAL CORPORATIONBehind REAL CORPORATION is Unitea NV. The shares are held by Moortgat Mometal (100%). It owns 100% of Industriële Dak en Wandbekleding (IDW) and 100% of Power Industrial Manufacturing Association (Pima) itself.
Directors
According to the 2025 annual accounts
Director · represented by Depuydt Kenneth
Also active at: Limba, Power Industrial Manufacturing Association, Moortgat Mometal, Industriële Dak- en Wandbekleding, REAL VERHUUR, MODULCO
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Kluizenhof(SGW) 25
9170 Sint-Gillis-Waas
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0413.888.211
- VAT number
- BE 0413.888.211
- Registered office
- Kluizenhof(SGW) 25, 9170 Sint-Gillis-Waas
- Names & denominations
- REAL CORPORATION · R.C.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 January 1974
- Peppol
- Active · Active since 19 Sept 2025
- Activities · NACE
Vervaardiging van metalen constructiewerken en delen daarvan
Vervaardiging van metalen constructiewerken en onderdelen daarvan
Algemene metaalbewerking
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde bouwwerkzaamheden
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Verspanend bewerken van metalen
Groothandel in bouwmaterialen, algemeen assortiment