ACTIVE

RHEA

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

96,1 k €

-33.8% YoY

Revenue

1,1 M €

-8.3% YoY

Equity

76 k €

+8.7% YoY

Workforce

5,0 ETP

-2.0% YoY

What does RHEA do?

RHEA is a Public limited company incorporated in 2001. Its registered office is in Kontich. It employs on average 5,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.703.647

Incorporation

24/04/2001

Legal form

Public limited company

Registered office

Veldkant 33 A
2550 Kontich · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

5,0 ETP

Joint committees (2)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	1,1 M €	-8.3%	1,2 M €	-3.3%	1,3 M €	+27.6%	993 k €	-15.1%	1,2 M €	+7.2%	1,1 M €	-7.3%	1,2 M €	+0.4%	1,2 M €	-6.3%	1,3 M €	-43.1%	2,2 M €	+9.1%	2 M €	+4.7%	1,9 M €	+11.3%	1,7 M €	-14.9%	2 M €	+41.1%	1,4 M €	+9.6%	1,3 M €	-6.1%	1,4 M €	+5.6%	1,3 M €	+36.4%	972,9 k €	+39.7%	696,6 k €
EBITDA	148,4 k €	-29.7%	211,1 k €	+6.0%	199,2 k €	+403%	-65,7 k €	-140%	164,4 k €	+65.3%	99,5 k €	+10349%	951,9 €	+102%	-61,6 k €	-3441%	1,8 k €	-97.5%	74,2 k €	-75.9%	307,9 k €	+2.7%	299,9 k €	-3.4%	310,6 k €	+31.5%	236,2 k €	+142%	97,8 k €	+9.0%	89,7 k €	-33.1%	134 k €	+6.1%	126,2 k €	+122%	56,9 k €	-25.4%	76,2 k €
Operating result	137,1 k €	-32.8%	204,1 k €	+5.4%	193,7 k €	+424%	-59,7 k €	-137%	159,4 k €	+73.5%	91,9 k €	+1102%	-9,2 k €	+84.0%	-57,4 k €	-213%	-18,4 k €	-129%	63,9 k €	-78.6%	298,4 k €	+2.2%	291,9 k €	-3.9%	303,9 k €	+32.4%	229,6 k €	+146%	93,2 k €	+37.7%	67,6 k €	-46.6%	126,6 k €	+25.2%	101,1 k €	+224%	31,2 k €	+7.6%	29 k €
Net result	96,1 k €	-33.8%	145,2 k €	-3.0%	149,7 k €	+337%	-63,2 k €	-156%	112,3 k €	+45.5%	77,2 k €	+579%	-16,1 k €	+76.5%	-68,5 k €	-215%	-21,7 k €	-180%	27,2 k €	-86.2%	197,3 k €	+20.6%	163,7 k €	-9.2%	180,2 k €	+39.5%	129,2 k €	+387%	26,5 k €	+103%	13 k €	-73.0%	48,3 k €	+43.9%	33,6 k €	+722%	-5,4 k €	-141%	13,2 k €
Balance sheet
Equity	76 k €	+8.7%	69,9 k €	+0.3%	69,7 k €	-74.7%	275 k €	-18.7%	338,1 k €	+49.7%	225,9 k €	+51.9%	148,7 k €	-52.8%	314,8 k €	-17.9%	383,3 k €	-5.4%	405 k €	+7.2%	377,9 k €	-34.9%	580,5 k €	+39.3%	416,9 k €	+76.1%	236,7 k €	+120%	107,6 k €	+32.7%	81,1 k €	+19.2%	68 k €	+245%	19,7 k €	+242%	-13,9 k €	-63.8%	-8,5 k €
Total assets	405,9 k €	-13.6%	470 k €	-31.6%	686,6 k €	+30.3%	526,9 k €	-14.3%	614,7 k €	+13.3%	542,7 k €	+26.7%	428,4 k €	-29.9%	611,6 k €	-10.1%	680,3 k €	-22.0%	872,5 k €	-37.8%	1,4 M €	+22.0%	1,1 M €	+28.0%	897,3 k €	+22.2%	734 k €	+25.1%	586,6 k €	+33.3%	440,1 k €	-6.1%	468,5 k €	+21.9%	384,3 k €	-1.9%	391,9 k €	+33.6%	293,4 k €
Cash	10,6 k €	+65.2%	6,4 k €	-45.1%	11,6 k €	+75.5%	6,6 k €	-61.8%	17,3 k €	+22.0%	14,2 k €	-53.7%	30,7 k €	+24.9%	24,6 k €	-64.0%	68,4 k €	+94.0%	35,3 k €	-75.7%	144,9 k €	-46.5%	270,6 k €	+49.7%	180,7 k €	+31.7%	137,2 k €	+142%	56,7 k €	+36.6%	41,5 k €	-15.6%	49,2 k €	-3.2%	50,9 k €	+281%	13,3 k €	-35.0%	20,5 k €
Debts	280 k €	-22.4%	360,7 k €	-37.1%	573,8 k €	+201%	190,6 k €	-5.7%	202,1 k €	-18.4%	247,6 k €	+19.4%	207,4 k €	-13.7%	240,3 k €	+3.6%	232 k €	-36.5%	365,1 k €	-60.5%	925,5 k €	+96.0%	472,3 k €	+24.0%	380,7 k €	-6.6%	407,5 k €	+0.4%	406,1 k €	+27.0%	319,9 k €	-7.4%	345,5 k €	+9.8%	314,8 k €	-12.1%	358 k €	+36.6%	262,1 k €
Other
Workforce	5,0 ETP	-2.0%	5,1 ETP	-13.6%	5,9 ETP	+5.4%	5,6 ETP	+19.1%	4,7 ETP	-14.5%	5,5 ETP	-11.3%	6,2 ETP	+14.8%	5,4 ETP	-28.0%	7,5 ETP	-46.4%	14,0 ETP	-9.7%	15,5 ETP	+15.7%	13,4 ETP	+6.3%	12,6 ETP	-4.5%	13,2 ETP	-15.4%	15,6 ETP	-1.3%	15,8 ETP	-7.6%	17,1 ETP	+9.6%	15,6 ETP	+31.1%	11,9 ETP	+20.2%	9,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 20 ended

Active mandates

De Cronos Groep

Director · since 01 octobre 2021 · until 20 mai 2027 · 0467.132.994

Represented by Josephus de Wit

Active

Dirk Deroost

Director · since 01 octobre 2021 · until 20 mai 2027

Active

NxtLvl

Director · since 01 octobre 2021 · until 20 mai 2027 · 0893.381.381

Represented by David Sleeckx

Active

Ended mandates

De Cronos Groep

Director · since 17 mai 2020 · until 15 mai 2025 · 0467.132.994

Represented by Dirk Deroost

Ended

Jef de Wit

Director · since 17 mai 2020 · until 15 mai 2025

Ended

Johan Van Casteren

Director · since 17 mai 2020 · until 15 mai 2025

Ended

De Cronos Groep

Director · since 17 mai 2019 · until 15 mai 2025 · 0467.132.994

Represented by Dirk Deroost

Ended

At this address

Other companies at this address

Company	CBE no.
Abano● Active	0677.411.376
Acen-eVri● Active	0727.540.580
Actwise● Active	0779.808.239
Agenic● Active	0690.565.863
Agentis● Active	0678.744.731
AGILE ARCHITECTS● Active	0810.365.120
Agiliz● Active	0728.898.481
Allthedots● Active	1018.290.459
Archers● Active	0673.556.023
Arinti● Active	0671.586.428
ASTENA● Active	0879.918.375
Baboon Labs● Active	0798.957.821
Bespoke Services● Active	0669.625.345
Better Future● Active	0671.581.973
B-Flow● Active	0688.928.147
b.ignited● Active	0687.833.037
blastic● Active	0846.804.852
BlueHealth Innovation Fund● Active	0680.909.415
Boson Content● Active	0690.563.487
Boulevart● Active	0829.044.845

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/08/2026	07/07/2025	11/07/2024	01/08/2023	28/07/2022	28/06/2021
General meeting	21/05/2026	15/05/2025	16/05/2024	19/05/2023	19/05/2022	20/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	21/05/2026	24/08/2026	Dutch	PDF
Abridged model	31/12/2024	15/05/2025	07/07/2025	Dutch	PDF
Abridged model	31/12/2023	16/05/2024	11/07/2024	Dutch	PDF
Abridged model	31/12/2022	19/05/2023	01/08/2023	Dutch	PDF
Abridged model	31/12/2021	19/05/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	20/05/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	11/06/2020	09/07/2020	Dutch	PDF
Abridged model	31/12/2018	16/05/2019	21/06/2019	Dutch	PDF
Abridged model	31/12/2017	17/05/2018	27/07/2018	Dutch	PDF
Full model	31/12/2016	18/05/2017	03/08/2017	Dutch	PDF
Full model	31/12/2015	19/05/2016	07/07/2016	Dutch	PDF
Full model	31/12/2014	21/05/2015	23/06/2015	Dutch	PDF
Full model	31/12/2013	05/06/2014	20/06/2014	Dutch	PDF
Full model	31/12/2012	06/06/2013	10/07/2013	Dutch	PDF
Full model	31/12/2011	07/06/2012	26/07/2012	Dutch	PDF
Full model	31/12/2010	19/05/2011	02/08/2011	Dutch	PDF
Full model	31/12/2009	20/05/2010	15/07/2010	Dutch	PDF
Full model	31/12/2008	11/06/2009	24/07/2009	Dutch	PDF
Full model	31/12/2007	04/06/2008	25/07/2008	Dutch	PDF
Full model	31/12/2006	08/06/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 20 ended

Active mandates

De Cronos Groep

Director · since 01 octobre 2021 · until 20 mai 2027 · 0467.132.994

Represented by Josephus de Wit

Active

Dirk Deroost

Director · since 01 octobre 2021 · until 20 mai 2027

Active

NxtLvl

Director · since 01 octobre 2021 · until 20 mai 2027 · 0893.381.381

Represented by David Sleeckx

Active

Ended mandates

De Cronos Groep

Director · since 17 mai 2020 · until 15 mai 2025 · 0467.132.994

Represented by Dirk Deroost

Ended

Jef de Wit

Director · since 17 mai 2020 · until 15 mai 2025

Ended

Johan Van Casteren

Director · since 17 mai 2020 · until 15 mai 2025

Ended

De Cronos Groep

Director · since 17 mai 2019 · until 15 mai 2025 · 0467.132.994

Represented by Dirk Deroost

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - KAPITAAL - AANDELEN
PDF
Mandates27/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/08/2014
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202596,1 k €↓
2024
Annual accounts 2024145,2 k €↓
2023
Annual accounts 2023149,7 k €↑
2022
Annual accounts 2022-63,2 k €↓
2021
Annual accounts 2021112,3 k €↑
2020
Annual accounts 202077,2 k €↑
2019
Annual accounts 2019-16,1 k €↑
2018
Annual accounts 2018-68,5 k €↓
2017
Annual accounts 2017-21,7 k €↓
2016
Annual accounts 201627,2 k €↓
2015
Annual accounts 2015197,3 k €↑
2014
Annual accounts 2014163,7 k €↓
2013
Annual accounts 2013180,2 k €↑
2012
Annual accounts 2012129,2 k €↑
2011
Annual accounts 201126,5 k €↑
2010
Annual accounts 201013 k €↓
2009
Annual accounts 200948,3 k €↑
2008
Annual accounts 200833,6 k €↑
2007
Annual accounts 2007-5,4 k €↓
2006
Annual accounts 200613,2 k €
24/04/2001
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

RHEA

Overview

What does RHEA do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline