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 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
REDS from Berlare, company number BE0664631033, closed financial year 2025 with a result of € -58,171 after tax. For that financial year REDS recorded a gross margin of € 172,451 and equity of € 40,566. Compared with financial year 2024, the result moved from € -35,681 to € -58,171. The company made a loss. The buffer shrank hard: equity is 59 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 23, 2026.
€ 40,566
▼ 59% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -58,171
▼ 63 % more loss than in 2024
Profit after tax over the fiscal year.
€ 26,777
▼ 43% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 21,966.
People and assets in 2025
€ 142,962
▲ 23% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 40,673
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 868,260
▲ 31% vs 2024
€ 56,130 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 140,478
▲ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 22,029
▼ 1% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 118,199 | € 141,103 | € 149,980 | € 172,451 | ▲ 15% |
| Profit after taxes | € 55,773 | € 56,652 | € -35,681 | € -58,171 | ▼ € 22,490 |
| Equity | € 72,399 | € 134,418 | € 98,737 | € 40,566 | ▼ 59% |
| Total debts | € 309,104 | € 522,710 | € 817,485 | € 1,036,055 | ▲ 27% |
| Cash | € 16,031 | € 2,956 | € 47,150 | € 26,777 | ▼ 43% |
| Land & buildings | € 156,447 | € 417,456 | € 566,628 | € 643,576 | ▲ 14% |
| Retained profit | € 59,999 | € 115,818 | € 80,137 | € 21,966 | ▼ 73% |
| Dividend | € 800 | € 833 | € 0 | € 0 | |
| Bank debt | € 191,013 | € 374,761 | € 664,900 | € 868,260 | ▲ 31% |
| Balance sheet total | € 381,503 | € 666,629 | € 925,236 | € 1,085,149 | ▲ 17% |
Key figures of REDS, 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 REDS?
What happened at REDS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 58,171. filed late Source: NBB ↗
- Jelle De Schryver became a director. NBB
- New establishment in Berlare. KBO
- Start of the company according to the CBE. KBO
In short
From € 55,773 profit in 2022 to € 58,171 loss in 2025.
Paid € 25,447 in corporate taxes since 2022.
Best year ever: 2023, with € 56,652 profit.
Paid out € 1,633 in dividends to the owners in total.
Management
Behind REDS is Jelle De Schryver.
Directors
According to the 2025 annual accounts
Jelle De Schryver
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Kerkwegel(U) 19
9290 Berlare
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0664.631.033
- VAT number
- BE 0664.631.033
- Registered office
- Kerkwegel(U) 19, 9290 Berlare
- Names & denominations
- REDS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 October 2016
- Peppol
- Active · Active since 14 Feb 2025
- Activities · NACE
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