ACTIVE

RED.LINE

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Financial year 2025 · closed on 31/12/2025

Net result

193,6 k €

-15.7% YoY

Gross margin

2,7 M €

+14.1% YoY

Equity

2,3 M €

+9.2% YoY

Workforce

23,4 ETP

0.0% YoY

What does RED.LINE do?

RED.LINE is a Private limited company incorporated in 2002. Its registered office is in Ieper. It employs on average 23,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.267.714

Incorporation

04/04/2002

Legal form

Private limited company

Registered office

Wijngaardstraat 8
8904 Ieper · FlandreSee on map

Contributed capital

37 200,00 €

Latest accounts

31/12/2025

Average workforce

23,4 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ 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
Gross margin	2,7 M €	+14.1%	2,4 M €	+15.0%	2,1 M €	-8.5%	2,3 M €	+21.4%	1,9 M €	-0.8%	1,9 M €	-2.8%	1,9 M €	+9.8%	1,8 M €	-3.1%	1,8 M €	+8.6%	1,7 M €	+16.4%	1,4 M €	+15.7%	1,2 M €	+16.0%	1,1 M €	+15.7%	929 k €	+14.5%	811 k €	+27.5%	636 k €	+6.9%	595,1 k €	+143%	245,1 k €	-17.9%	298,6 k €	+88.9%	158 k €
EBITDA	694,7 k €	-7.8%	753,3 k €	+18.1%	637,8 k €	-28.7%	894,4 k €	+69.7%	527,1 k €	-29.4%	747,1 k €	+12.5%	663,8 k €	+14.5%	580 k €	-15.3%	684,4 k €	+5.6%	648 k €	+39.3%	465,3 k €	+12.1%	415 k €	-12.2%	472,7 k €	-7.9%	513 k €	-0.4%	515,1 k €	+47.5%	349,2 k €	+17.2%	298 k €	+363%	64,4 k €	-58.1%	153,7 k €	+45.2%	105,8 k €
Operating result	257,4 k €	-15.3%	303,7 k €	-3.4%	314,3 k €	-36.2%	492,4 k €	+238%	145,7 k €	-57.9%	346,3 k €	+241%	101,6 k €	+350%	22,6 k €	-64.4%	63,4 k €	-70.7%	216,2 k €	+182%	76,7 k €	-9.1%	84,3 k €	+34.7%	62,6 k €	-42.5%	108,9 k €	-21.0%	137,8 k €	+332%	31,9 k €	-58.8%	77,4 k €	+199%	-77,9 k €	-682%	13,4 k €	-45.6%	24,6 k €
Net result	193,6 k €	-15.7%	229,5 k €	-15.6%	272 k €	-36.6%	428,8 k €	+59.6%	268,6 k €	-11.9%	304,9 k €	+20.9%	252,1 k €	+123%	112,9 k €	-24.5%	149,6 k €	-13.4%	172,6 k €	+485%	29,5 k €	-12.3%	33,7 k €	-47.5%	64,1 k €	+251%	18,3 k €	-66.3%	54,2 k €	+29.5%	41,9 k €	-0.4%	42 k €	+347%	-17 k €	-133%	51,4 k €	+43.2%	35,9 k €
Balance sheet
Equity	2,3 M €	+9.2%	2,1 M €	+12.3%	1,9 M €	+17.0%	1,6 M €	+18.4%	1,4 M €	+24.8%	1,1 M €	+19.9%	903 k €	+38.7%	650,9 k €	+21.0%	538 k €	+28.6%	418,4 k €	+5.7%	395,8 k €	+8.1%	366,3 k €	+1.0%	362,6 k €	+21.5%	298,5 k €	+6.5%	280,2 k €	+24.0%	225,9 k €	+22.8%	184,1 k €	+29.6%	142 k €	-10.7%	159 k €	+47.8%	107,6 k €
Total assets	3,5 M €	-13.5%	4,1 M €	+18.9%	3,4 M €	+19.5%	2,9 M €	+0.6%	2,9 M €	+11.8%	2,6 M €	-1.0%	2,6 M €	+8.6%	2,4 M €	-0.6%	2,4 M €	+12.3%	2,1 M €	+16.9%	1,8 M €	+7.4%	1,7 M €	-6.8%	1,8 M €	-0.8%	1,8 M €	+7.4%	1,7 M €	+28.9%	1,3 M €	+7.9%	1,2 M €	+13.4%	1,1 M €	+76.3%	614,6 k €	+41.4%	434,6 k €
Cash	948,6 k €	-1.6%	964,1 k €	+16.7%	826,3 k €	+37.9%	599,1 k €	+2.1%	586,6 k €	-49.1%	1,2 M €	+81.1%	637,1 k €	+24.2%	512,9 k €	-6.4%	547,8 k €	+15.4%	474,6 k €	+48.4%	319,8 k €	-12.4%	365,1 k €	+18.8%	307,4 k €	+101%	153,1 k €	-23.9%	201,3 k €	+175%	73,1 k €	-49.0%	143,4 k €	+83.2%	78,3 k €	-39.3%	128,9 k €	+12.7%	114,4 k €
Debts	1,2 M €	-38.8%	1,9 M €	+28.0%	1,5 M €	+26.5%	1,2 M €	-17.9%	1,5 M €	+1.1%	1,5 M €	-12.7%	1,7 M €	-2.4%	1,7 M €	-7.1%	1,8 M €	+17.4%	1,6 M €	+24.3%	1,3 M €	+6.2%	1,2 M €	-18.6%	1,5 M €	-5.3%	1,5 M €	+7.4%	1,4 M €	+29.9%	1,1 M €	+5.3%	1 M €	+17.2%	890,8 k €	+96.8%	452,7 k €	+38.5%	327 k €
Other
Workforce	23,4 ETP	0.0%	23,4 ETP	+11.4%	21,0 ETP	0.0%	21,0 ETP	+4.5%	20,1 ETP	+9.2%	18,4 ETP	-1.1%	18,6 ETP	-0.5%	18,7 ETP	+17.6%	15,9 ETP	-6.5%	17,0 ETP	+23.2%	13,8 ETP	+25.5%	11,0 ETP	+10.0%	10,0 ETP	+35.1%	7,4 ETP	+48.0%	5,0 ETP	+11.1%	4,5 ETP	+21.6%	3,7 ETP	+32.1%	2,8 ETP	+7.7%	2,6 ETP	+160%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

BSL Project

Director · 0553.982.044

Represented by Dhr. SAM REDANT

Active

Ended mandates

BSL Project

Manager · since 10 juillet 2014 · 0553.982.044

Represented by Sam Redant

Ended

BSL Project

Manager · since 10 juillet 2014 · 0553.982.044

Represented by Sam Redant

Ended

BSL Project

Mandate · 0553.982.044

Represented by Sam Redant

Ended

BSL Project

Manager · 0553.982.044

Represented by Sam Redant

Ended

At this address

Other companies at this address

Company	CBE no.
BSL Project● Active	0553.982.044

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	02/06/2026	20/06/2025	27/06/2024	29/09/2023	17/10/2022	30/08/2021
General meeting	16/05/2026	19/06/2025	11/06/2024	26/09/2023	14/10/2022	18/08/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/05/2026	02/06/2026	Dutch	PDF
Abridged model	31/12/2024	19/06/2025	20/06/2025	Dutch	PDF
Abridged model	31/12/2023	11/06/2024	27/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/09/2023	29/09/2023	Dutch	PDF
Abridged model	31/12/2021	14/10/2022	17/10/2022	Dutch	PDF
Abridged model	31/12/2020	18/08/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	13/09/2020	02/10/2020	Dutch	PDF
Abridged model	31/12/2018	13/09/2019	30/09/2019	Dutch	PDF
Abridged model	31/12/2017	28/08/2018	30/08/2018	Dutch	PDF
Abridged model	31/12/2016	25/09/2017	28/09/2017	Dutch	PDF
Abridged model	31/12/2015	26/09/2016	30/09/2016	Dutch	PDF
Abridged model	31/12/2014	31/08/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	17/05/2014	13/10/2014	Dutch	PDF
Abridged model	31/12/2012	18/05/2013	02/09/2013	Dutch	PDF
Abridged model	31/12/2011	19/05/2012	22/06/2012	Dutch	PDF
Abridged model	31/12/2010	21/05/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	22/07/2010	Dutch	PDF
Abridged model	31/12/2008	16/05/2009	22/07/2009	Dutch	PDF
Abridged model	31/12/2007	17/05/2008	25/08/2008	Dutch	PDF
Abridged model	31/12/2006	19/05/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 1 active · 8 ended

Active mandates

BSL Project

Director · 0553.982.044

Represented by Dhr. SAM REDANT

Active

Ended mandates

BSL Project

Manager · since 10 juillet 2014 · 0553.982.044

Represented by Sam Redant

Ended

BSL Project

Manager · since 10 juillet 2014 · 0553.982.044

Represented by Sam Redant

Ended

BSL Project

Mandate · 0553.982.044

Represented by Sam Redant

Ended

BSL Project

Manager · 0553.982.044

Represented by Sam Redant

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/10/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/11/2008
MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/08/2003
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 2025193,6 k €↓
2024
Annual accounts 2024229,5 k €↓
2023
Annual accounts 2023272 k €↓
2022
Annual accounts 2022428,8 k €↑
2021
Annual accounts 2021268,6 k €↓
2020
Annual accounts 2020304,9 k €↑
2019
Annual accounts 2019252,1 k €↑
2018
Annual accounts 2018112,9 k €↓
2017
Annual accounts 2017149,6 k €↓
2016
Annual accounts 2016172,6 k €↑
2015
Annual accounts 201529,5 k €↓
2014
Annual accounts 201433,7 k €↓
2013
Annual accounts 201364,1 k €↑
2012
Annual accounts 201218,3 k €↓
2011
Annual accounts 201154,2 k €↑
2010
Annual accounts 201041,9 k €↓
2009
Annual accounts 200942 k €↑
2008
Annual accounts 2008-17 k €↓
2007
Annual accounts 200751,4 k €↑
2006
Annual accounts 200635,9 k €
04/04/2002
IncorporationPrivate 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

RED.LINE

Overview

What does RED.LINE 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