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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
RELACTIONS from Watermaal-Bosvoorde, company number BE0469608672, closed financial year 2025 with a result of € 3,091 after tax. For that financial year RELACTIONS recorded a gross margin of € 6,964 and equity of € 71,290. Compared with financial year 2024, the result moved from € 1 to € 3,091. Profitable, and profit is growing. 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 December 16, 2025.
€ 71,290
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,091
▲ € 3,090 vs 2024
Profit after tax over the fiscal year.
€ 16,298
▲ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 10,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,791
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,300
▼ 14% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 45,174 | € 30,201 | € 2,180 | € 6,964 | ▲ 219% |
| Profit after taxes | € 29,044 | € 14,275 | € 1 | € 3,091 | ▲ € 3,090 |
| Equity | € 103,923 | € 98,198 | € 78,199 | € 71,290 | ▼ 9% |
| Total debts | € 20,682 | € 36,000 | € 29,431 | € 22,704 | ▼ 23% |
| Cash | € 26,087 | € 21,582 | € 14,252 | € 16,298 | ▲ 14% |
| Retained profit | € 97,726 | € 92,000 | € 72,001 | € 65,092 | ▼ 10% |
| Dividend | € 0 | € 20,000 | € 20,000 | € 10,000 | ▼ 50% |
| Balance sheet total | € 314,479 | € 324,071 | € 297,503 | € 283,867 | ▼ 5% |
Key figures of RELACTIONS, 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 January 2027.
What happened to RELACTIONS?
What happened at RELACTIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,091 (▲ € 3,090 vs 2024). Source: NBB ↗
- New establishment in Watermaal-Bosvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 29,044 profit in 2022 to € 3,091 profit in 2025.
Paid € 50,159 in corporate taxes since 2022.
Best year ever: 2022, with € 29,044 profit.
Paid out € 50,000 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Michaël SCHNARCH
Director
Establishments
Establishment units
Physical locations of this company
Vorsterielaan 2 box 2
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
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€ 2.4 million gross margin · 2024
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€ 123,439 gross margin · 2025
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€ 8,049 gross margin · 2025
BEAI-DDV Tractebel
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0469.608.672
- VAT number
- BE 0469.608.672
- Registered office
- Vorsterielaan 2 bus 2, 1170 Watermaal-Bosvoorde
- Names & denominations
- RELACTIONS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 January 2000
- Peppol
- Not registered