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 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 41.8 to 32.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
REIN4CED from Herent, company number BE0597747256, closed financial year 2024 with a result of € -5.4 million after tax. For that financial year REIN4CED recorded a gross margin of € -186,519 and equity of € 58,052. Compared with financial year 2023, the result moved from € -5.8 million to € -5.4 million. The company made a loss. The buffer shrank hard: equity is 99 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2025.
€ 58,052
▼ 99% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5.4 million
▲ 7 % less loss than in 2023
Profit after tax over the fiscal year.
€ 263,998
▼ 45% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -22.1 million.
People and assets in 2024
32
▼ 8.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 2.4 million
▼ 24% vs 2023
€ 74,200 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.
€ 2.8 million
▼ 18% vs 2023
Of which on lease € 2.7 million.
Debts at end 2024
€ 8.2 million
▲ 86% vs 2023
€ 5.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 561,583
▲ 15% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 249,417
▼ 36% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 305,983 | € 343,593 | - | - | |
| Gross margin | € -581,066 | € -2,405,651 | € -282,517 | € -186,519 | ▲ € 95,999 |
| Profit after taxes | € -3,603,422 | € -7,278,363 | € -5,839,648 | € -5,410,093 | ▲ € 429,555 |
| Equity | € 8,407,136 | € 7,307,219 | € 5,759,099 | € 58,052 | ▼ 99% |
| Total debts | € 7,584,322 | € 6,385,268 | € 5,342,521 | € 9,054,401 | ▲ 69% |
| Cash | € 5,977,135 | € 3,321,782 | € 483,612 | € 263,998 | ▼ 45% |
| Retained profit | € -3,603,422 | € -10,881,785 | € -16,721,433 | € -22,131,527 | ▼ € 5.4 million |
| Bank debt | € 6,326,985 | € 5,512,397 | € 4,421,833 | € 8,243,400 | ▲ 86% |
| Balance sheet total | € 16,021,699 | € 13,692,487 | € 11,158,381 | € 9,206,446 | ▼ 17% |
| Employees (FTE) | 23.6 | 41.8 | 40.2 | 32 | ▼ 8.2 |
Key figures of REIN4CED, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to REIN4CED?
What happened at REIN4CED in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
REIN4CED is active according to the CBE. Legal situation: Opening faillissement.
- Participatiemaatschappij Vlaanderen NV stepped down as director. NBB
- Invest for Jobs NV stepped down as director. NBB
- MG Callens BV stepped down as director. NBB
- DDBCO BV stepped down as director. NBB
- Capricorn Partners NV stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 5.4 million. Source: NBB ↗
- Participatiemaatschappij Vlaanderen NV became a director. NBB
- Invest for Jobs NV became a director. NBB
In short
From € 3.6 million loss in 2021 to € 5.4 million loss in 2024.
Paid € 800 in corporate taxes since 2021.
Management
The stake of FININDUS, Capricorn SCF, INVEST FOR JOBS, Participatiemaatschappij Vlaanderen, GEMMA FRISIUS-FONDS KU LEUVEN, INNOVATION FUND comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
REIN4CEDThe shares are held by FININDUS (35.7%), Capricorn SCF (21.7%), INVEST FOR JOBS (16.7%), Participatiemaatschappij Vlaanderen (13.8%), GEMMA FRISIUS-FONDS KU LEUVEN (10.1%) and INNOVATION FUND (6.3%).
Directors
According to the 2024 annual accounts
Director · represented by Callens MICHAËL
since 2021 · until 2027
Participatiemaatschappij Vlaanderen NV
Director · represented by Lieven De Jonge
Also active at: VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK, Arts Gebroeders immobilière, BEDRIJVENCENTRUM VILVOORDE, BIOTECH FONDS VLAANDEREN, MAISON DE LA RADIO FLAGEY, HERTECANT FLANGES, Site-Ontwikkeling Vlaanderen, SUSTAINABLE ENERGY VENTURES +136 more
since 2022 · until 2028
Director · represented by Nils Nijs
Also active at: Fonderies J. Marichal Ketin et Cie, GALLER HOLDING, Century 21 Benelux, MICROMEGA - DYNAMICS, NOMICS, BEER PROJECT, IONICS, Magics Technologies +9 more
since 2022 · until 2028
Director · represented by Dirk De Boever
since 2021 · until 2027
Director · represented by Goris LUDWIG
Also active at: TS FLANDERS, CAPRICORN ICT ARKIV, Sensolus, Confo Therapeutics, Minze, ViroVet, STORY CHIEF, Azumuta +22 more
since 2021 · until 2027
Shareholders
35.7%
21.7%
16.7%
6.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Diependaalweg 4a
3020 Herent
Diependaalweg 4A
3020 Herent
Active since 28 January 2015
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
WIX_COM, IL
Domain
Domain
rein4ced.com
Registered
2014-11-05
Registrar
Key-Systems GmbH
Expires
2026-11-05
Website info
Features
Security
Details
- Company number
- 0597.747.256
- VAT number
- BE 0597.747.256
- Registered office
- Diependaalweg 4a, 3020 Herent
- Names & denominations
- REIN4CED
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 6 February 2015
- Peppol
- Not registered
- Contact
- rein4ced.com
- Activities · NACE
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