Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 3.3 to 0.
Financials
Financial year 2025
REX CONSTRUCTION from Gent, company number BE0672485954, closed financial year 2025 with a result of € 200,015 after tax. For that financial year REX CONSTRUCTION recorded a gross margin of € 332,684 and equity of € -1.5 million. Compared with financial year 2024, the result moved from € 34,420 to € 200,015. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ -1.5 million
▲ € 200,015 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 200,015
▲ € 165,595 vs 2024
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -1.6 million.
People and assets in 2025
0
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4,577
▼ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 827,875
▼ 39% vs 2024
€ 61,254 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 164,638
▲ € 129,440 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 218,604
▲ € 199,786 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 | € 25,922 | € -415,939 | € 307,654 | € 332,684 | ▲ 8% |
| Profit after taxes | € -337,506 | € -1,025,249 | € 34,420 | € 200,015 | ▲ € 165,595 |
| Equity | € -659,202 | € -1,684,450 | € -1,650,031 | € -1,450,016 | ▲ € 200,015 |
| Total debts | € 5,899,489 | € 5,393,857 | € 4,839,621 | € 4,444,817 | ▼ 8% |
| Cash | € 0 | € 122,394 | € 7,626 | € 0 | ▼ 100% |
| Land & buildings | € 1,171,253 | € 1,139,594 | € 1,107,936 | € 1,076,337 | ▼ 3% |
| Retained profit | € -759,202 | € -1,784,450 | € -1,750,031 | € -1,550,016 | ▲ € 200,015 |
| Bank debt | € 3,522,383 | € 1,862,604 | € 1,347,146 | € 827,875 | ▼ 39% |
| Balance sheet total | € 5,240,287 | € 3,709,406 | € 3,189,590 | € 2,994,801 | ▼ 6% |
| Employees (FTE) | 3.1 | 3.3 | 1 | 0 | ▼ 1 |
Key figures of REX CONSTRUCTION, 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 July 2027.
What happened to REX CONSTRUCTION?
What happened at REX CONSTRUCTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- TSARINA VANDEKERCKHOVE stepped down as director. NBB
- FRINGLOOS BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 200,015 (▲ € 165,595 vs 2024). Source: NBB ↗
- TSARINA VANDEKERCKHOVE became a director. NBB
- FRINGLOOS BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 337,506 loss in 2022 to € 200,015 profit in 2025.
Paid € 1,701 in corporate taxes since 2022.
Best year ever: 2025, with € 200,015 profit.
On average € 307,700 of value added per employee in 2024.
Management
It owns 50% of R-B Projects itself.
Directors
According to the 2025 annual accounts
Managing director · represented by LAURENS STEEN
Also active at: STEEN ELEKTRICITEIT, REX LAND, STEEN & VDK TECHNIEKEN, R-B Projects, GLOBAL REX 2, Ampeer, Oersoep, LAPIS SOLAR +2 more
since 2021 · until 2027
TSARINA VANDEKERCKHOVE
Director
since 2023 · until 2028
Establishments
Establishment units
Physical locations of this company
Tempelhof 50
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0672.485.954
- VAT number
- BE 0672.485.954
- Registered office
- Tempelhof 50, 9000 Gent
- Names & denominations
- REX CONSTRUCTION
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 March 2017
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
Algemene bouw van residentiële gebouwen
Ontwikkeling van residentiële bouwprojecten