RAMKRISHNA DIAMONDS
ActiveSummary
RAMKRISHNA DIAMONDS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.38M and a net result of €486k. Equity is growing by ~36.2% per year across the filed fiscal years. Its solvency ranks better than 24% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability36▲+5
Solvency45▲+9
Growth62▲+5
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.13 in 2023; short-term debt: 80% and cash: 0.7% of total assets), and 80% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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 2024Solvency, return and age of the figures
Solvency
20%
Return on assets
2.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 5989 sector peers (2024).
NBB · sector comparisonPosition among 5989 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
8 d early
2022
27 d early
2021
25 d early
2020
31 d late
2019
35 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€49.70M▲ 41.5%
2023 · €35.12M
2018: €22.43M
2020: €21.28M
2021: €31.84M
2022: €54.15M
2023: €35.12M
2018 → 2024
EBIT margin
1.8%▲ 1.0pp
2023 · 0.8%
2018: 3.5%
2020: 2.2%
2021: 4.6%
2022: 3.5%
2023: 0.8%
2018 → 2024
Net result
€486k▲ 322%
2023 · €115k
2018: €744k
2019: €291k
2020: €410k
2021: €1.08M
2022: €1.18M
2023: €115k
2018 → 2024
Working capital
€4.34M▲ 12.6%
2023 · €3.85M
2018: €825k
2019: €1.11M
2020: €1.53M
2021: €2.61M
2022: €3.79M
2023: €3.85M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€21.28M-€31.84M▲ 49.6%€54.15M▲ 70.1%€35.12M▼ 35.1%€49.70M▲ 41.5%
Equity€1.53M-€2.62M▲ 70.8%€3.79M▲ 44.9%€3.89M▲ 2.6%€4.38M▲ 12.5%
Operating result€466k-€1.46M▲ 214%€1.87M▲ 27.8%€278k▼ 85.1%€901k▲ 224%
Net result€410k-€1.08M▲ 165%€1.18M▲ 8.4%€115k▼ 90.2%€486k▲ 322%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 224% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €21.93M
Fixed assets
€43k ▲ 0.4%
Current assets
€21.88M ▼ 36.0%
Equity and liabilities €21.93M
Equity
€4.38M ▲ 12.5%
Debt
€17.55M ▼ 42.1%
Debt's share of the balance-sheet total falls from 88.6% to 80.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€907k▲
2023 · €282k
Cash flow
€492k▲
2023 · €119k
Current ratio
1.25▲
2023 · 1.13
Quick ratio
0.62▲
2023 · 0.23
Debt to equity
4.01▼
2023 · 7.79
ROE
11.1%▲
2023 · 3.0%
ROA
2.2%▲
2023 · 0.3%
Interest coverage
2.34▲
2023 · 1.89
Debt ≤ 1 year
€17.55M▼
2023 · €30.32M
Income taxes
€157k▲
2023 · €94k
Staff costs
€76k▲
2023 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 62 lines
Balance sheet
Code20232024
Assets
Total assets20/58€34.21M€21.93M▼
Fixed assets21/28€43k€43k▲
Tangible fixed assets22/27€43k€43k▲
Plant, machinery and equipment23€3k€7k▲
Furniture and vehicles24€39k€36k▼
Current assets29/58€34.17M€21.88M▼
Amounts receivable after more than one year29€2.88M€3.00M▲
Other amounts receivable291€2.88M€3.00M▲
Stocks and contracts in progress3€27.33M€10.95M▼
Stocks30/36€27.33M€10.95M▼
Goods purchased for resale34€27.33M€10.95M▼
Amounts receivable within one year40/41€3.88M€7.69M▲
Trade receivables40€3.45M€7.12M▲
Other amounts receivable41€437k€569k▲
Cash at bank and in hand54/58€23k€163k▲
Deferred charges and accrued income490/1€52k€76k▲
Equity and liabilities
Total equity and liabilities10/49€34.21M€21.93M▼
Equity10/15€3.89M€4.38M▲
Contributions10/11€19k€19k=
Reserves13€3.88M€4.36M▲
Distributable reserves133€3.88M€4.36M▲
Amounts payable17/49€30.32M€17.55M▼
Amounts payable within one year42/48€30.32M€17.55M▼
Trade debts44€30.09M€17.40M▼
Suppliers440/4€30.09M€17.40M▼
Taxes, remuneration and social security45€216k€145k▼
Taxes450/3€207k€137k▼
Remuneration and social security454/9€9k€7k▼
Other amounts payable47/48€15k-
Accrued charges and deferred income492/3€1k€531▼
Income statement
Code20232024
Operating income70/76A€35.13M€49.72M▲
Turnover70€35.12M€49.70M▲
Other operating income74€9k€10k▲
Non-recurring operating income76A€3k€2k▼
Operating charges60/66A€34.85M€48.81M▲
Goods for resale, raw materials and consumables60€34.46M€48.40M▲
Purchases600/8€47.89M€32.02M▼
Change in stocks: decrease (increase)609€-13.42M€16.38M▲
Services and other goods61€335k€322k▼
Remuneration, social security and pensions62€49k€76k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Other operating charges640/8€5k€6k▲
Operating profit (loss)9901€278k€901k▲
Financial income75/76B€96k€162k▲
Recurring financial income75€96k€162k▲
Other financial income752/9€96k€162k▲
Financial charges65/66B€165k€419k▲
Recurring financial charges65€165k€419k▲
Debt charges650€149k€388k▲
Other financial charges652/9€16k€31k▲
Profit (loss) for the period before taxes9903€209k€644k▲
Income taxes67/77€94k€157k▲
Taxes670/3€94k€157k▲
Tax adjustments and reversals of tax provisions77-€6
Profit (loss) for the period9904€115k€486k▲
Profit (loss) for the period to be appropriated9905€115k€486k▲
Appropriation of the result
Profit (loss) to be appropriated9906€115k€486k▲
Transfer to equity691/2€100k€486k▲
To other reserves6921€100k€486k▲
Profit to be distributed694/7€15k-
Directors or managers695€15k-
Social balance
Average headcount (FTE)90871.31.8▲
The notes to these accounts (30 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €115k ▼90.2%
Net result drops to €115k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €1.18M ▲8.4%
Operating result €1.87M, net result €1.18M, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2MEq €2.62M ▲70.8%
4 profitable years in a row build equity to €2.62M.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 35 days late
2019
31-12
Financial
Equity above €1MEq €1.12M ▲35%
2 profitable years in a row build equity to €1.12M.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2016
Ground area
2,937 m²
Building footprint
2,012 m²
Volume, LiDAR
51,458 m³
Parcel 11808H1182/00F018, Flanders · tallest building 41.6 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
RAMKRISHNA DIAMOND
since 20162.255.587.322
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1182/00F018 | Flanders | 2,937 m² | 1 · 2,012 m² | 41.6 m · 10 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
ALLURE DIAM
BE 0882.360.005
Antwerpen · Eq €4,358,286
NISHANT GEMS
BE 0873.165.789
Antwerpen · Eq €4,445,523
DIAMWILL
BE 0873.627.431
Antwerpen · Eq €4,514,151
I.D.R.P.
BE 0426.455.748
Antwerpen · Eq €4,191,733
C.M.R. DIAMONDS
BE 0478.926.810
Antwerpen · Eq €4,189,455
Of 1,229 companies in sector 46861 we hold annual accounts for 678. 381 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46861Wholesale of diamonds and other precious stones
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.