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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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
THE REEDS from Philippeville, company number BE1011133938, closed financial year 2026 with a result of € -45,629 after tax. For that financial year THE REEDS recorded a gross margin of € -30,373 and equity of € -96,210. Compared with financial year 2025, the result moved from € -70,581 to € -45,629. 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 October 19, 2026.
€ -96,210
▼ € 45,629 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -45,629
▲ 35 % less loss than in 2025
Profit after tax over the fiscal year.
€ 9,595
▼ 22% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -116,210.
Debts at end 2026
€ 210,000
▲ 62% vs 2025
Loans from banks and other lenders, long and short.
€ 72,157
▼ 15% vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|
| Gross margin | € -64,603 | € -30,373 | ▲ € 34,230 |
| Profit after taxes | € -70,581 | € -45,629 | ▲ € 24,951 |
| Equity | € -50,581 | € -96,210 | ▼ € 45,629 |
| Total debts | € 219,658 | € 293,812 | ▲ 34% |
| Cash | € 12,310 | € 9,595 | ▼ 22% |
| Land & buildings | € 39,335 | € 35,571 | ▼ 10% |
| Retained profit | € -70,581 | € -116,210 | ▼ € 45,629 |
| Bank debt | € 130,000 | € 210,000 | ▲ 62% |
| Balance sheet total | € 169,077 | € 197,602 | ▲ 17% |
Key figures of THE REEDS, fiscal years 2025 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to THE REEDS?
What happened at THE REEDS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 45,629. Source: NBB ↗
- New establishment in Philippeville. KBO
- KingFish BV became a director. NBB
- ECU NV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 70,581 loss in 2025 to € 45,629 loss in 2026.
Paid € 360 in corporate taxes since 2025.
Management
Behind THE REEDS are KingFish BV and ECU NV. ECU NV is also behind GERLACS, FORESTIERE DE ROLY and MEDIFIN.
Directors
According to the 2026 annual accounts
Director · represented by Pieter Bosseloo
since 2024
Director · represented by Renaud Du Parc
Also active at: GERLACS, FORESTIERE DE ROLY, MEDIFIN
since 2024
Establishments
Establishment units
Physical locations of this company
Rue du Fraity(ROL) 104
5600 Philippeville
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1011.133.938
- VAT number
- BE 1011.133.938
- Registered office
- Rue du Fraity(ROL) 104, 5600 Philippeville
- Names & denominations
- THE REEDS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 July 2024
- Peppol
- Active · Active since 6 Sept 2024
- Activities · NACE
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