B-RIGHTLIFE

Active

Private limited companyfounded 201510 yrs activeAalterbaan 183A, 9990 Maldegem, BelgiumKBO/BCE: BE 0643.664.482

The computed 12-month bankruptcy probability of B-RIGHTLIFE is 2.8% (moderate). The 2024 annual accounts show equity of €3k and a net result of €-2k. Equity is shrinking by ~20% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 48% of 2935 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

40 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency56▼-16

Growth32=

Track record100

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity tight (current ratio 1.45 against 1.89 in 2023; short-term debt: 69% and cash: 88.6% of total assets), and 69% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

31%

Return on assets

-25.6%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

not confirmed

2024

51 d early

2023

12 d late

2022

31 d early

2021

25 d late

2020

38 d early

2019

58 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€3k▼ 45.3%

2023 · €5k

2018: €12k 2019: €12k 2020: €10k 2021: €9k 2022: €8k 2023: €5k

2018 → 2024

Total assets

€9k▼ 16.9%

2023 · €11k

2018: €14k 2019: €28k 2020: €13k 2021: €13k 2022: €13k 2023: €11k

2018 → 2024

Net result

€-2k▲ 13.6%

2023 · €-3k

2018: €7k 2019: €12 2020: €-2k 2021: €-1k 2022: €-1k 2023: €-3k

2018 → 2024

Working capital

€3k▼ 45.3%

2023 · €5k

2018: €12k 2019: €12k 2020: €10k 2021: €9k 2022: €8k 2023: €5k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€10k-€9k▼ 14.0%€8k▼ 14.2%€5k▼ 34.4%€3k▼ 45.3%

Operating result€-2k-€-1k▲ 40.2%€-1k▲ 10.2%€-3k▼ 112%€-2k▲ 14.3%

Net result€-2k-€-1k▲ 32.5%€-1k▲ 12.6%€-3k▼ 107%€-2k▲ 13.6%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €2k in 2024 against €3k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €9k

31.0%

69.0%

Equity €3k▼ 45.3%

Debt €6k▲ 8.3%

The debt ratio rises from 52.9% to 69.0%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

Solvency

31.0%▼

2023 · 47.1%

Current ratio

1.45▼

2023 · 1.89

Quick ratio

1.45▼

2023 · 1.89

Debt / equity

2.22▲

2023 · 1.12

ROE

-82.7%▼

2023 · -52.4%

ROA

-25.6%▼

2023 · -24.7%

Debt

€6k▲

2023 · €6k

Debt ≤ 1 year

€6k▲

2023 · €6k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€11k€9k▼

Current assets29/58€11k€9k▼

Amounts receivable within one year40/41€702€1k▲

Other amounts receivable41€702€1k▲

Cash at bank and in hand54/58€10k€8k▼

Equity and liabilities

Total equity and liabilities10/49€11k€9k▼

Equity10/15€5k€3k▼

Contributions10/11€12k€12k=

Reserves13€0-

Non-distributable reserves130/1€0-

Reserves not available under the articles1311€0-

Profit (loss) carried forward14€-7k€-9k▼

Amounts payable17/49€6k€6k▲

Amounts payable within one year42/48€6k€6k▲

Trade debts44€2k€3k▲

Suppliers440/4€2k€3k▲

Other amounts payable47/48€3k€3k=

Income statement Code20232024

Other operating charges640/8€516€528▲

Gross operating margin9900€-2k€-2k▲

Operating profit (loss)9901€-3k€-2k▲

Financial charges65/66B€46€56▲

Recurring financial charges65€46€56▲

Profit (loss) for the period before taxes9903€-3k€-2k▲

Profit (loss) for the period9904€-3k€-2k▲

Profit (loss) for the period to be appropriated9905€-3k€-2k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-7k€-9k▼

Profit (loss) brought forward from the previous period14P€-4k€-7k▼

Transfer from equity791/2€65€0▼

Transfer to equity691/2€32€0▼

To other reserves6921€32€0▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 2Filings 9

2025

10-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

12-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 12 days late

2023

31-12

Financial Weakest financial yearnet €-3k

Net result drops to €-3k, the lowest in the series; recovery starts the following year.

30-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

25-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 25 days late

2021

23-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Liquidity triplescurrent ratio 4.62

Current ratio from 1.81 to 4.62; short-term debt falls from €15k to €3k.

03-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

18-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

13-12

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 135 days late

2017

30-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2019

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

01-07-2019 Sebrechts Jef: Resigned as Manager

01-07-2019 Van Emelen Geert: Resigned as Manager

01-07-2019 Van Hoorickx Bart: Resigned as Manager

Location & real-estate footprint

Registered office, Maldegem · 1 establishment unit since 2015

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Aalterbaan 183A9990 Maldegem

Ground area

4,754 m²

Building footprint