RETHCA
ActiveSummary
RETHCA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €578,546 and a net result of €1,748. Equity is shrinking by ~3.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69=
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 22.08; short-term debt: 0.5% and cash: 9.9% of total assets), and 0.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
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
99.3%
Return on assets
0.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
7 d early
2023
5 d early
2022
14 d early
2021
58 d early
2020
57 d early
2019
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 31 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€578,546▲ 0.3%
2024 · €576,798
Total assets
€582,533▲ 0.9%
2024 · €577,519
Net result
€1,748▲ 16.1%
2024 · €1,505
Working capital
€63,918▼ 13.2%
2024 · €73,647
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€10,552€7,966€2,217▼ 72.2%€1,550▼ 30.1%€2,323▲ 49.8%
Net result€158,549▲ 12,499%€40,799▼ 74.3%€1,928▼ 95.3%€1,505▼ 22.0%€1,748▲ 16.1%
Equity€882,565▲ 21.9%€923,364▲ 4.6%€575,293▼ 37.7%€576,798▲ 0.3%€578,546▲ 0.3%
Total assets€882,573▲ 21.9%€931,601▲ 5.6%€575,979▼ 38.2%€577,519▲ 0.3%€582,533▲ 0.9%
Debt€8▼ 20.9%€8,237▲ 104,034%€686▼ 91.7%€721▲ 5.1%€3,987▲ 453%
Working capital€330,823▲ 189%€400,419▲ 21.0%€57,263▼ 85.7%€73,647▲ 28.6%€63,918▼ 13.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 50% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €582,533
Fixed assets
€515,582 ▲ 2.5%
Current assets
€66,951 ▼ 10.0%
Equity and liabilities €582,533
Equity
€578,546 ▲ 0.3%
Debt
€3,987 ▲ 453%
Debt's share of the balance-sheet total rises from 0.1% to 0.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18,169▲
2024 · €16,578
Cash flow
€17,594▲
2024 · €16,533
Current ratio
22.08
Debt to equity
0.01▲
2024 · 0.00
ROE
0.3%▲
2024 · 0.3%
ROA
0.3%▲
2024 · 0.3%
Interest coverage
52.36▼
2024 · 73.68
Debt ≤ 1 year
€3,032▲
2024 · €721
Income taxes
€633▲
2024 · €563
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,733 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,973 | €14,771 | €15,235 | €15,028 | €15,846 | ▲ 5.4% |
| Other operating charges640/8 | €5,048 | €3,931 | €4,881 | €4,996 | €5,052 | ▲ 1.1% |
| Gross operating margin9900 | €12,470 | €26,668 | €22,334 | €21,575 | €23,221 | ▲ 7.6% |
| Operating profit (loss)9901 | -€10,552 | €7,966 | €2,217 | €1,550 | €2,323 | ▲ 49.8% |
| Financial income75/76B | €169,256 | €41,093 | €534 | €743 | €405 | ▼ 45.4% |
| Recurring financial income75 | €4 | €13 | €534 | €743 | €405 | ▼ 45.4% |
| Non-recurring financial income76B | €169,252 | €41,080 | €0 | - | - | - |
| Financial charges65/66B | €156 | €160 | €135 | €225 | €347 | ▲ 54.2% |
| Recurring financial charges65 | €156 | €160 | €135 | €225 | €347 | ▲ 54.2% |
| Profit (loss) for the period before taxes9903 | €158,549 | €48,899 | €2,616 | €2,068 | €2,381 | ▲ 15.1% |
| Income taxes67/77 | - | €8,100 | €688 | €563 | €633 | ▲ 12.5% |
| Profit (loss) for the period9904 | €158,549 | €40,799 | €1,928 | €1,505 | €1,748 | ▲ 16.1% |
| Profit (loss) for the period to be appropriated9905 | €158,549 | €40,799 | €1,928 | €1,505 | €1,748 | ▲ 16.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €882,573 | €931,601 | €575,979 | €577,519 | €582,533 | ▲ 0.9% |
| Fixed assets21/28 | €551,742 | €523,082 | €518,179 | €503,151 | €515,582 | ▲ 2.5% |
| Tangible fixed assets22/27 | €551,742 | €523,082 | €518,179 | €503,151 | €515,582 | ▲ 2.5% |
| Land and buildings22 | €543,329 | €509,222 | €498,635 | €486,036 | €500,897 | ▲ 3.1% |
| Plant, machinery and equipment23 | €6,809 | €13,249 | €19,544 | €17,115 | €14,685 | ▼ 14.2% |
| Furniture and vehicles24 | €1,604 | €611 | €0 | - | - | - |
| Current assets29/58 | €330,831 | €408,519 | €57,800 | €74,369 | €66,951 | ▼ 10.0% |
| Amounts receivable within one year40/41 | €5,131 | €6,644 | €5,760 | €10,629 | €8,756 | ▼ 17.6% |
| Trade receivables40 | - | - | - | - | €223 | - |
| Other amounts receivable41 | €5,131 | €6,644 | €5,760 | €10,629 | €8,534 | ▼ 19.7% |
| Cash at bank and in hand54/58 | €325,700 | €401,875 | €51,034 | €62,951 | €57,746 | ▼ 8.3% |
| Deferred charges and accrued income490/1 | - | - | €1,006 | €789 | €448 | ▼ 43.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €882,573 | €931,601 | €575,979 | €577,519 | €582,533 | ▲ 0.9% |
| Equity10/15 | €882,565 | €923,364 | €575,293 | €576,798 | €578,546 | ▲ 0.3% |
| Contributions10/11 | €883,050 | €883,050 | €547,610 | €547,610 | €547,610 | = |
| Capital10 | €883,050 | €883,050 | €547,610 | €547,610 | €547,610 | = |
| Issued capital100 | €883,050 | €883,050 | €547,610 | €547,610 | €547,610 | = |
| Reserves13 | - | €2,016 | €2,112 | €2,187 | €2,277 | ▲ 4.1% |
| Non-distributable reserves130/1 | - | €2,016 | €2,112 | €2,187 | €2,277 | ▲ 4.1% |
| Legal reserve130 | - | €2,016 | €2,112 | €2,187 | €2,277 | ▲ 4.1% |
| Profit (loss) carried forward14 | -€485 | €38,299 | €25,571 | €27,000 | €28,658 | ▲ 6.1% |
| Amounts payable17/49 | €8 | €8,237 | €686 | €721 | €3,987 | ▲ 453% |
| Amounts payable within one year42/48 | €8 | €8,100 | €537 | €721 | €3,032 | ▲ 320% |
| Trade debts44 | €8 | €0 | - | €163 | €515 | ▲ 216% |
| Suppliers440/4 | €8 | €0 | - | €163 | €515 | ▲ 216% |
| Taxes, remuneration and social security45 | - | €8,100 | €537 | €559 | €2,088 | ▲ 274% |
| Taxes450/3 | - | €8,100 | €537 | €559 | €2,088 | ▲ 274% |
| Other amounts payable47/48 | - | - | - | - | €430 | - |
| Accrued charges and deferred income492/3 | - | €137 | €149 | €0 | €955 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €158,549 | €40,799 | €1,928 | €1,505 | €1,748 | ▲ 16.1% |
| + Depreciation and write-downs630 | €17,973 | €14,771 | €15,235 | €15,028 | €15,846 | ▲ 5.4% |
| Operating cash flow (approximation) | €176,522 | €55,570 | €17,163 | €16,533 | €17,594 | ▲ 6.4% |
| Investment in fixed assets (approximation) | - | €13,889 | -€10,331 | €0 | -€28,278 | - |
| Change in cash | - | €76,174 | -€350,841 | €11,917 | -€5,205 | ▼ 144% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
State Gazette act
Resignations: Christiane Van Achter (director) and Godeliva Van Achter (director)Appointment: Jan Van Achter (director) · Director discharge · Registered-office move9 facts ▸
State Gazette act
Resignations: Christiane Van Achter (director) and Godeliva Van Achter (director)
Appointment: Jan Van Achter (director) · Director discharge · Registered-office move9 facts ▸
- General meeting, 22-06-2026
- Director resignation, Christiane Van Achter (director)
- Director resignation, Godeliva Van Achter (director)
- Director discharge, Christiane Van Achter
- Director discharge, Godeliva Van Achter
- Director appointment, Jan Van Achter (director)
- Board composition, Jan Van Achter (sole director)
- Board meeting, 03-07-2026
- Registered-office move, Vitsstraat 119, 9255 Buggenhout
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 107.63
Current ratio from 50.43 to 107.63; short-term debt falls from €8,100 to €537.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €158,549 ▲12,499%
Net result €158,549, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 41824.40
Current ratio from 11429.31 to 41824.40; short-term debt falls from €10 to €8.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1,258
Net result €1,258 after 2 loss-making years.
31-12
Financial
Liquidity times 37current ratio 11429.31
Current ratio from 309.41 to 11429.31; short-term debt falls from €282 to €10.
Show earlier events
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€4,737
Net result drops to -€4,737, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 309.41
Current ratio from 98.78 to 309.41; short-term debt falls from €671 to €282.
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Jan Van Achter
CurrentDirector · since 22-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Buggenhout · 1 establishment unit since 2001
Ground area
1,740 m²
Building footprint
141 m²
Volume, LiDAR
805 m³
Parcel 42522A0448/00R000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vitsstraat 119, 9255 Buggenhout
since 20012.093.057.585
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42522A0448/00R000 | Flanders | 1,740 m² | 1 · 141 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jan Van Achter |
|
| Christiane Van Achter |
|
| Godeliva Van Achter |
|
Structure & network
Connections & network
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Identification & contact
Identification
Legal formPublic limited company
Founded05-01-2001
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473726224
Also
9925:BE0473726224
Registered
09-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.