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.
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Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Relax from Herenthout, company number BE0746505664, closed financial year 2025 with a result of € -1,541 after tax. For that financial year Relax recorded a gross margin of € 21,745 and equity of € -25,870. Compared with financial year 2024, the result moved from € 4,535 to € -1,541. The company made a loss. 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 31, 2026.
€ -25,870
▼ € 1,541 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,541
▼ still € 4,535 profit in 2024
Profit after tax over the fiscal year.
€ 11,038
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -28,870.
People and assets in 2025
€ 1,431
▲ € 1,170 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.
€ 15,928
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 134,017
▼ 7% vs 2024
€ 10,951 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 4,083
▲ € 3,215 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 110
▼ 17% 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 | € 10,331 | € 17,459 | € 23,774 | € 21,745 | ▼ 9% |
| Profit after taxes | € -6,492 | € -255 | € 4,535 | € -1,541 | ▼ € 6,076 |
| Equity | € -28,608 | € -28,864 | € -24,329 | € -25,870 | ▼ € 1,541 |
| Total debts | € 205,936 | € 194,780 | € 177,968 | € 181,286 | ▲ 2% |
| Cash | € 11,949 | € 8,752 | € 13,164 | € 11,038 | ▼ 16% |
| Land & buildings | € 121,022 | € 114,168 | € 107,315 | € 100,462 | ▼ 6% |
| Retained profit | € -31,608 | € -31,864 | € -27,329 | € -28,870 | ▼ € 1,541 |
| Bank debt | € 165,127 | € 155,017 | € 144,673 | € 134,017 | ▼ 7% |
| Balance sheet total | € 177,328 | € 165,917 | € 153,639 | € 155,416 | ▲ 1% |
Key figures of Relax, 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 Relax?
What happened at Relax in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,541 (▼ € 6,076 vs 2024). Source: NBB ↗
- New establishment in Herenthout. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,492 loss in 2022 to € 1,541 loss in 2025.
Paid € 117 in corporate taxes since 2022.
Best year ever: 2024, with € 4,535 profit.
Management
Behind Relax are Veerle Michiels and Ronny De Haes.
Directors
According to the 2025 annual accounts
Veerle Michiels
Director
Ronny De Haes
Director
Establishments
Establishment units
Physical locations of this company
Bouwelse Steenweg 116
2270 Herenthout
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0746.505.664
- VAT number
- BE 0746.505.664
- Registered office
- Bouwelse Steenweg 116, 2270 Herenthout
- Names & denominations
- Relax
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 April 2020
- Peppol
- Active · Active since 18 Jun 2025
- Activities · NACE
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