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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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
REALEX from Oudenaarde, company number BE0698603601, closed financial year 2025 with a result of € 15,786 after tax. For that financial year REALEX recorded a gross margin of € 25,966 and equity of € 49,830. Compared with financial year 2024, the result moved from € 13,587 to € 15,786. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 20, 2026.
€ 49,830
▼ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 15,786
▲ 16% vs 2024
Profit after tax over the fiscal year.
€ 9,170
▲ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 25,937 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.
€ 14,488
▼ 16% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 76,604
▲ € 63,334 vs 2024
Loans from banks and other lenders, long and short.
€ 8,756
▲ 71% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,308
▲ 18% 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 | € 29,087 | € 31,485 | € 33,550 | € 25,966 | ▼ 23% |
| Profit after taxes | € 10,845 | € 6,509 | € 13,587 | € 15,786 | ▲ 16% |
| Equity | € 39,884 | € 46,393 | € 59,980 | € 49,830 | ▼ 17% |
| Total debts | € 144,618 | € 128,261 | € 93,362 | € 104,730 | ▲ 12% |
| Cash | € 20,444 | € 305 | € 5,429 | € 9,170 | ▲ 69% |
| Retained profit | € 33,684 | € 40,193 | € 53,780 | € 43,630 | ▼ 19% |
| Dividend | € 0 | € 0 | € 0 | € 25,937 | |
| Bank debt | € 101,297 | € 22,341 | € 13,270 | € 76,604 | ▲ € 63,334 |
| Balance sheet total | € 184,502 | € 174,654 | € 153,342 | € 154,560 | ▲ 1% |
Key figures of REALEX, 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 REALEX?
What happened at REALEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 15,786 (▲ 16% vs 2024). Source: NBB ↗
- New establishment in Oudenaarde. KBO
- Start of the company according to the CBE. KBO
- Bart De Zutter became a director. NBB
In short
From € 10,845 profit in 2022 to € 15,786 profit in 2025.
Paid € 32,690 in corporate taxes since 2022.
Best year ever: 2025, with € 15,786 profit.
Paid out € 25,937 in dividends to the owners in total.
Management
Behind REALEX is Bart De Zutter.
Directors
According to the 2025 annual accounts
Bart De Zutter
Manager
since 2018
Establishments
Establishment units
Physical locations of this company
Vaddenhoek 33 box B
9700 Oudenaarde
Vaddenhoek 33 B
9700 Oudenaarde
Active since 1 July 2018
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0698.603.601
- VAT number
- BE 0698.603.601
- Registered office
- Vaddenhoek 33 bus B, 9700 Oudenaarde
- Names & denominations
- REALEX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 June 2018
- Peppol
- Active · Active since 30 Jul 2025
- Activities · NACE
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