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 30 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
RED.co. from Profondeville, company number BE0845353614, closed financial year 2025 with a result of € 13,872 after tax. For that financial year RED.co. recorded a gross margin of € 174,043 and equity of € 154,839. Compared with financial year 2024, the result moved from € 1,791 to € 13,872. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 154,839
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,872
▲ € 12,081 vs 2024
Profit after tax over the fiscal year.
€ 17,266
▲ 5% 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 € -245,161.
People and assets in 2025
€ 301
▼ 97% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▼ 8% vs 2024
€ 94,967 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 401
▼ 87% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 867
▲ 95% 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 | € 71,363 | € 130,287 | € 163,544 | € 174,043 | ▲ 6% |
| Profit after taxes | € -115,998 | € -5,452 | € 1,791 | € 13,872 | ▲ € 12,081 |
| Equity | € 144,628 | € 139,176 | € 140,967 | € 154,839 | ▲ 10% |
| Total debts | € 2,408,757 | € 2,387,268 | € 2,303,744 | € 2,213,731 | ▼ 4% |
| Cash | € 30,024 | € 2,919 | € 16,447 | € 17,266 | ▲ 5% |
| Land & buildings | € 2,487,871 | € 2,493,877 | € 2,409,083 | € 2,332,568 | ▼ 3% |
| Retained profit | € -255,372 | € -260,824 | € -259,033 | € -245,161 | ▲ € 13,872 |
| Bank debt | € 1,553,047 | € 1,459,199 | € 1,369,454 | € 1,259,763 | ▼ 8% |
| Balance sheet total | € 2,553,385 | € 2,526,444 | € 2,444,711 | € 2,368,570 | ▼ 3% |
Key figures of RED.co., 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 RED.co.?
What happened at RED.co. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 13,872 (▲ € 12,081 vs 2024). filed late Source: NBB ↗
- New establishment in Profondeville. KBO
- Start of the company according to the CBE. KBO
In short
From € 115,998 loss in 2022 to € 13,872 profit in 2025.
Paid € 1,598 in corporate taxes since 2022.
Best year ever: 2025, with € 13,872 profit.
Management
Behind RED.co. are Gwenaël PONCELET, Christobald PONCELET and François PONCELET. Christobald PONCELET is also behind RISING TIDE.
Directors
According to the 2025 annual accounts
Gwenaël PONCELET
Director
François PONCELET
Director
Establishments
Establishment units
Physical locations of this company
Rue Roger Dosimont(B.V.) 33
5170 Profondeville
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0845.353.614
- VAT number
- BE 0845.353.614
- Registered office
- Rue Roger Dosimont(B.V.) 33, 5170 Profondeville
- Names & denominations
- RED.co.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 April 2012
- Peppol
- Not registered