M. RYCKAERT
ActiveM. RYCKAERT has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €957k and a net result of €67k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 49% of 7892 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
87
/ 100
Excellent▲ +47 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▲+35
Solvency78▲+6
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.38 in 2024), but 56.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.5%
Return on assets
3%
Age of the figures
14 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-02-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
316 d late
2023
1 d early
2022
on the day
2021
333 d late
2020
32 d early
2019
10 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€957k▲ 7.5%
2024 · €891k
2019: €831k
2020: €850k
2021: €1.10M
2022: €1.18M
2023: €1.06M
2024: €891k
2019 → 2025
Total assets
€2.20M▲ 1.9%
2024 · €2.16M
2019: €2.08M
2020: €2.09M
2021: €2.14M
2022: €2.40M
2023: €2.59M
2024: €2.16M
2019 → 2025
Net result
€67k
2024 · €-166k
2019: €112k
2020: €19k
2021: €247k
2022: €88k
2023: €-129k
2024: €-166k
2019 → 2025
Working capital
€640k▲ 35.5%
2024 · €472k
2019: €407k
2020: €551k
2021: €718k
2022: €760k
2023: €608k
2024: €472k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.10M-€1.18M▲ 8.0%€1.06M▼ 10.9%€891k▼ 15.7%€957k▲ 7.5%
Operating result€325k-€136k▼ 58.2%€-102k€-191k▼ 86.6%€71k
Net result€247k-€88k▼ 64.3%€-129k€-166k▼ 28.9%€67k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €71k after a loss of €191k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.20M
Fixed assets
€402k▼ 11.8%
Current assets
€1.80M▲ 5.5%
Equity and liabilities €2.20M
Equity
€957k▲ 7.5%
Debt
€1.24M▼ 2.1%
The debt ratio falls from 58.8% to 56.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€140k▲
2024 · €-116k
Cash flow
€135k▲
2024 · €-91k
Solvency
43.5%▲
2024 · 41.2%
Current ratio
1.55▲
2024 · 1.38
Quick ratio
1.24▲
2024 · 1.14
Debt / equity
1.30▼
2024 · 1.43
ROE
7.0%▲
2024 · -18.6%
ROA
3.0%▲
2024 · -7.7%
Interest coverage
3.00▲
2024 · -2.46
Debt
€1.24M▼
2024 · €1.27M
Debt ≤ 1 year
€1.16M▼
2024 · €1.23M
Staff costs
€623k▼
2024 · €747k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.16M€2.20M▲
Fixed assets21/28€456k€402k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€456k€393k▼
Land and buildings22€70k€66k▼
Plant, machinery and equipment23€356k€313k▼
Furniture and vehicles24€30k€13k▼
Financial fixed assets28€567€9k▲
Current assets29/58€1.70M€1.80M▲
Stocks and contracts in progress3€294k€367k▲
Stocks30/36€294k€367k▲
Amounts receivable within one year40/41€1.31M€1.29M▼
Trade receivables40€1.29M€1.28M▼
Other amounts receivable41€23k€8k▼
Cash at bank and in hand54/58€72k€122k▲
Deferred charges and accrued income490/1€27k€24k▼
Equity and liabilities
Total equity and liabilities10/49€2.16M€2.20M▲
Equity10/15€891k€957k▲
Contributions10/11€350k€350k=
Capital10€350k€350k=
Issued capital100€350k€350k=
Reserves13€627k€627k=
Non-distributable reserves130/1€35k€35k=
Legal reserve130€35k€35k=
Tax-exempt reserves132€7k€7k=
Distributable reserves133€585k€585k=
Profit (loss) carried forward14€-86k€-20k▲
Amounts payable17/49€1.27M€1.24M▼
Amounts payable within one year42/48€1.23M€1.16M▼
Financial debts43€264k€189k▼
Credit institutions430/8€264k€189k▼
Trade debts44€483k€473k▼
Suppliers440/4€483k€473k▼
Taxes, remuneration and social security45€99k€84k▼
Taxes450/3€7k€7k▼
Remuneration and social security454/9€92k€77k▼
Other amounts payable47/48€386k€413k▲
Accrued charges and deferred income492/3€38k€85k▲
Income statement
Code20242025
Remuneration, social security and pensions62€747k€623k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€68k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€56k€11k▼
Other operating charges640/8€51k€72k▲
Gross operating margin9900€738k€846k▲
Operating profit (loss)9901€-191k€71k▲
Financial income75/76B€73k€42k▼
Recurring financial income75€73k€42k▼
Financial charges65/66B€47k€47k▼
Recurring financial charges65€47k€47k▼
Profit (loss) for the period before taxes9903€-166k€67k▲
Profit (loss) for the period9904€-166k€67k▲
Profit (loss) for the period to be appropriated9905€-166k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-86k€-20k▲
Profit (loss) brought forward from the previous period14P€79k€-86k▼
Social balance
Average headcount (FTE)908714.314.3=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
13-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 316 days late
30-06
Financial
Back to profitnet €67k
Net result €67k after 2 loss-making years.
2024
30-06
Financial
Weakest financial yearnet €-166k
Net result drops to €-166k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 333 days late
2021
30-06
Financial
Highest result since 2019net €247k ▲1215%
Operating result €325k, net result €247k, both a record.
30-06
Financial
Equity above €1MEq €1.10M ▲29.1%
3 profitable years in a row build equity to €1.10M.
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 12 days late
2017
26-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
03-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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 2023
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.
11-12-2023
GOETHALS Michaël: Resigned as Director
11-12-2023
RYCKAERT Dominique: Resigned as Director
Location & real-estate footprint
Registered office, Eeklo · 1 establishment unit since 1984
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.
Slachthuisstraat 209900 EekloGround area
1.9 ha
Building footprint
592 m²
Volume, LiDAR
3,053 m³
Parcel 43352F0306/00E000, Flanders · tallest building 8.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
M RYCKAERT
since 19842.023.464.540
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352F0306/00E000 | Flanders | 1.9 ha | 1 · 592 m² | 8.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ROB ET PIRON
BE 0841.652.469
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VLEESGROOTHANDEL HAUSPIE
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DE LAENDER
BE 0447.613.131
Sint-Lievens-Houtem · Eq €896k
Of 595 companies in sector 10111 we hold annual accounts for 327. 196 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-12-1983
Fiscal year end30-06
Activities, NACEBEL
10110Manufacture of food products
10111Manufacture of food products
15111
46321Wholesale of meat and meat products, excluding game and poultry
51321
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.